ReportLinker predicts 8% CAGR in commercial aircraft seating market

ReportLinker has announced its analysis of the global commercial aircraft seating market reached an 8% CAGR during the forecast period, the company said.

The analysis considers sales from economy class, business class, premium economy class, and first-class, as well as sales of commercial aircraft seating in APAC, Europe, North America, South America, and MEA.

In 2018, economy class segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as in-house design capabilities to reduce aircraft turnaround time associated with cabin refurbishment will play a significant role in the economy class segment to maintain its market position.

Growing financial affluence among global consumers that results in increased spending on luxury, is driving aircraft interior designers to experiment with modern systems, that include the integration of luxurious seats into the business-class and first-class segments in modern aircraft.

The increasing demand for luxury has led to the creation of separate business-class cabins on most wide-body aircraft. As an emerging middle-class seeks the material-aspects of luxury travel, mature markets, are craving for a new, evolved type of luxury. The adoption of premium seats in the business-class and the comfort offered will lead to the expansion of the global commercial aircraft seating market at a CAGR of almost 8% during the forecast period.

The use of composites and other advanced materials for seat design and construction will improve fuel efficiency, operational costs and increase profit margins of airline operators.

With the presence of several major players, the global commercial aircraft seating market is fragmented. This vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading commercial aircraft seating manufacturers, that include Airbus SE, Aviointeriors Spa, JAMCO Corp., Safran SA, United Technologies Corp.

ReportLinker is a market research solution that finds and organizes the latest industry data.