Economy Class to Dominate Europe Aircraft Seating Market During Forecast Period
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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