Aircraft Evacuation Slide Market to Grow Along with Increasing Tourism During the Forecast Period
Increasing incidents of
emergency landing is driving the growth in the global aircraft evacuation slide
market in the forecast period, 2022-2027.
According
to TechSci Research report, “Aircraft Evacuation Slide Market - Global Industry Size,
Share, Trends, Competition, Opportunity and Forecast, 2016-2027”.
The global aircraft evacuation slide market has a potential to project an
impressive CAGR toward forces growth in the period, 2022-2027, on the account
of expanding tourism industry. Increasing travel and tourism after the pandemic
relaxation is also aiding to the growth of the global aircraft evacuation slide
market in the upcoming five years. Moreover, demand for the new commercial
flights is increasing and driving the growth of the global aircraft evacuation
slide market in the next five years. Additionally, increasing instances of
emergency landing due to various reasons like technical glitches in aircraft panels or when
aircrafts are under the fault due to some mechanical abnormalities, is
supporting the growth of the global
aircraft evacuation slide market in the future five years. Other reasons of
emergency landing include abduction, rescue,
terrorist attacks, unruly passengers, etc. that also are some of the
significant reasons for the growth of the global aircraft
evacuation slide market in the forecast years, until 2027.
Furthermore,
the technological advancement in the aircraft construction and stricter
government regulations at airport security management might hinder with the
futuristic growth of the global aircraft evacuation slide market in the next
five years.
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The
global aircraft evacuation slide market is segmented on the basis of aircraft
type, demand category, competitional landscape, and regional distribution. Based
on aircraft type, the market is further fragmented into narrow-body aircraft,
wide-body aircraft, regional aircraft, and business aircraft. Wide-body
aircrafts are anticipated to hold the largest revenue shares of the market and
assert its dominance over the market segment in the upcoming five years on the
account of rising demand for wide-body aircrafts owing to its advantages. The
passenger capacity of the wide-body aircraft is more in comparison to other
types. Moreover, increasing demand for the commercial flights is further aiding
the demand of the wide-body aircrafts, thereby supporting the growth of the
global aircraft evacuation slide market in the next five years. Narrow-body
aircrafts are also anticipated to register significant growth in the future
five years on the grounds of rising disposable income among the population.
Consumers are inclined to maintain a higher standard of living, with their
disposable income, they are able to afford a narrow-body aircraft and
increasing aircraft demands for such consumers is supporting the growth of the global
evacuation slide market in the forecast years as well.
On
the basis of demand category, the market is bifurcated into OEM, and
replacement. Replacement sub-segment is anticipated to register the largest
revenue generating shares of the market and thus dominate the market segment in
the next five years. The market is anticipated to grow on the backbone of
increasing number of emergency landing. Often once the evacuation landing is
completed, replenishing the evacuation slides supports the demand for the
replacement of the old evacuation slide with a new one, thus aiding to the
growth of the global aircraft evacuation slide market in the upcoming five
years. OEM or original equipment manufacturer demands might register
significant growth in the future five years on the grounds of increasing demand
for the new commercial planes in the industry. The demand for increasing fleet
sizes by various travel companies is further substantiating the growth of the
global aircraft evacuation slide market in the upcoming five years.
Some
of the market players, dominating the global market are:
·
SAFRAN
SA
·
Tulmar
Safety Systems Inc.
·
UTC
Aerospace Systems
·
EAM
Worldwide
·
Trelleborg
AB
These
market players along with new market entrants, are focused on extensive
research and bringing innovative and advanced products. Technologically
advanced manufacturing of the evacuation slide would aid in decreasing the cost
of the production and aid the players in managing their investments. Moreover,
initiatives from the government and private fundings would support the global
aircraft evacuation slide market growth indirectly.
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“Europe & CIS region is anticipated
to dominate the global market region-segment analysis in the upcoming five
years on the account of increasing demand for the commercial aircrafts. Tourism
industry is currently booming in the countries like France, Germany, Belgium,
etc. Demands for the commercial aircrafts and new aircrafts is rapidly
increasing owing to the market players in the tourism industry demanding bigger
fleet sizes. Also, OEM demands are increasing in the countries like France, and
are further supporting the growth of the global aircraft evacuation slide
market in the next five years. New market players are advised to focus on the
research to find out more reliable and strong raw material for the construction
of the evacuation slides, this would support their brand value and market
establishment in the future too,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Aircraft Evacuation
Slide Market - Global Industry Size, Share, Trends, Competition, Opportunity
and Forecast, 2016-2027, Segmented By Aircraft
Type (Narrow-body Aircraft, Wide-Body Aircraft, Regional Aircraft, Business
Aircraft), By Demand Category (OEM vs Replacement), By Region”, has evaluated the future
growth potential of global aircraft evacuation slide 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 global aircraft evacuation slide market.
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