CHICAGO, January 25, 2019
CHICAGO, January 25, 2019 /PRNewswire/ --
According to the new market research report "Aircraft Seating Market by Class (Business, First, Premium Economy, and Economy), Type (9g and 16g), End Use (OEM, Aftermarket, and MRO), Aircraft Type (NBA, WBA, VLA, RTA and Business Jets), Materials, Components, and Region - Global Forecast to 2025", published by MarketsandMarkets™, the Aircraft Seating Market is projected to grow from USD 6.4 billion in 2018 to USD 10.5 billion by 2025, at a CAGR of 7.25% from 2018 to 2025. Increase in the number of new aircraft orders, rise in number of premium economy class seats, and maintenance and upgradation the existing aircraft are some of the key factors driving the growth of the aircraft seating market.
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Based on class, the premium economy class segment of the aircraft seating market is projected to grow at the highest CAGR during the forecast period.
The premium economy class segment of the aircraft seating market is projected to grow at the highest CAGR from 2018 to 2025. The growth of this segment can be attributed to an increased demand premium economy seats by travelers as they have shifted their preference to premium economy class seats, owing to their cheaper ticket value in comparison to business class seats.
Based on aircraft type, the Narrow Body Aircraft segment of the aircraft seating market is projected to grow at the highest CAGR from 2018 to 2025.
Based on aircraft type, the narrow body aircraft segment is projected to grow at the highest CAGR during the forecast period. The increasing number of new aircraft orders and increase in their deliveries across the globe, and rise in the number of domestic passengers.
Browse in-depth TOC on "Aircraft Seating Market"
103 - Tables
34 - Figures
168 - Pages
Based on end use, the Maintenance Repair Overhaul (MRO) segment of the aircraft seating market is projected to grow at the highest CAGR from 2018 to 2025.
Based on end use, the MRO segment of the aircraft seating market is projected to grow at the highest CAGR during the forecast period. The growth of this segment is due to rising demand for refurbishment of seat covers, cushions, and foam in aircraft seat.
The Asia Pacific aircraft seating market is projected to grow at the highest CAGR during the forecast period.
The asia pacificaircraft seating market is projected to grow at the highest CAGR from 2018 to 2025. The growth of the market in this region is largely due to increase in fleet size, this market consists of aftermarket and MRO.
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Major players operating in the aircraft seating market include Zodiac Aerospace -Safran (France), B/E Aerospace -Rockwell Collins Inc (US), Geven Spa (Italy), RECARO Aircraft Seating (Germany), HAECO Americas (US), Lufthansa Technik (Germany), and Stelia Aerospace (France) among others are the key players in the aircraft seating market.
These players offer different products used in aircraft seating from economy class to first class. These companies have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, and Asia Pacific regions.
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