Increasing number of premium economy seats in aircrafts is expected to drive the growth of Europe aircraft seating market
According to TechSci Research report, “Europe Aircraft Seating Market By Class (Business, First, Premium Economy, Economy), By Type (9g v/s 16g), By Fit Type (Retrofit, Line fit), By Aircraft Type (Narrow Body Aircraft, Wide Body Aircraft, Very Large Aircraft, Regional Transport Aircraft, Business Jets), By Component (Foams and Fittings, Seat Actuators, Others), Material (Structure Material, Upholsteries & Seat Cover, Cushion Filling Material, and Others), By End User (OEM (Original Equipment Manufacturer) and MRO (Maintenance, Repair, and Overhaul)), By Country, Forecast & Opportunities, 2025”, the Europe aircraft seating market is expected to grow at a formidable rate during the forecast period owing to the growing demand for light weight aircraft seats having low maintenance costs and high durability. Additionally, higher demand for aircraft seats is majorly driven by efficient design of aircraft seating system ensuring maximum seating capacity, rising per-capita income and higher demand for economy class airplane seats during the forecast years. Furthermore, rising focus of airline operators on maintaining passenger retention and brand image has led to frequent replacement and refurbishment of aircraft seats. Moreover, increase in business travel, introduction of new fabrics to design comfortable seats and customer inclination toward comfort are anticipated to provide lucrative opportunity for market expansion. However, higher investments in maintenance and longer clearance periods of cabin interiors can hamper the growth of market during forecast period. Moreover, availability of other transport mediums is further expected to restrict the growth of market during forecast period.
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The Europe aircraft seating market is segmented based on class, type, fit type, aircraft type, component, material, end user, company and regional distribution. Based on class, the market can be categorized into business, first, premium economy and economy. The economy class segment is expected to dominate the market during the next five years. rising per-capita income along with growing middle-class population in emerging countries. Additionally, manufacturers are increasing the seating capacity of economy class aircraft. Based on fit type, the market can be bifurcated into retrofit and line fit. The line fit type is expected to hold significant market share during the forecast period owing to the increasing aircraft orders and deliveries coupled with the installation of advanced seating systems in aircraft. By type, the market can be divided into 9g and 16g. The 9g type segment is expected to dominate the market during forecast period. This can be ascribed to the fact that 9g seat is tested to different load factors in different directions. The highest load factor is 9g in the forward direction while the 16g segment type is expected to witness significant growth since it provides higher safety. Based on component, the market can be categorized into foams and fittings, seat actuators and others. The foams and fittings segment is expected to hold a significant market share owing to the increasing number of aircraft orders and rise in aircraft deliveries along with installation of technologically advanced aircraft seating systems. Based on end user, the market can be divided into OEM (Original Equipment Manufacturer) and MRO (Maintenance, Repair, and Overhaul). The OEM segment dominates the market on account of the growing aviation sector due to the rise in air passengers and airports.
Lufthansa Technik AG, Zodiac Aerospace (Safran), Geven S.p.A., Recaro Aircraft Seating (Putsch GmbH & Co. KG), Stelia Aerospace, JAMCO Europe BV, Zim Flugsitz GmbH, Acro Aircraft Seating, Aviointeriors S.p.A., Thompson Aero Seating and others are some of the leading players operating in Europe aircraft seating market. The companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments. For instance, Thompson Aero seating signed contract with Swiss International Air Lines AG in March 2019, to supply new business class and first class seats for its Airbus A340 model. In February 2019, Thompson signed another contract for the upgrading business class seats in its Singapore Airlines’ Boeing 737 MAX 8 fleet. The upgrades are to commence in May 2020 and will be part of investment program that eventually will see merger of SilkAir with SIA.
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“Europe aircraft seating market is expected to witness growth during the forecast period owing to the significant investments in the regional aviation industry. Additionally, presence of key players such as Zodiac Aerospace (Safran), Geven S.p.A., among others in the region is further anticipated to propel the market during forecast years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Europe Aircraft Seating Market By Class (Business, First, Premium Economy, Economy), By Type (9g v/s 16g), By Fit Type (Retrofit, Line fit), By Aircraft Type (Narrow Body Aircraft, Wide Body Aircraft, Very Large Aircraft, Regional Transport Aircraft, Business Jets), By Component (Foams and Fittings, Seat Actuators, Others), Material (Structure Material, Upholsteries & Seat Cover, Cushion Filling Material, and Others), By End User (OEM (Original Equipment Manufacturer) and MRO (Maintenance, Repair, and Overhaul)), By Country, Forecast & Opportunities, 2025” has evaluated the future growth potential of Europe aircraft seating market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Europe aircraft seating market.
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