Global Aircraft Seating Market: Overview
Aircraft seat is a major commodity the passengers require during their journey in the flight. The aircraft seats cannot be understated based on which class the people travel. The major factor determining its market is the heavy traffic and the cost people are ready to pay for their travel. The heavy traffic regions have compact seats and most of them are arranged closely in the economic class whereas they can make up for the lesser and wider seats in the upper class by selling them at a higher rate. In terms of revenue, the higher class contributes more to the aircraft seating market compared to the economic class.
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The aircraft seating market shows growth due to the increasing demand in aircraft deliveries and increasing tourism and trade. The growth due to the increasing air traffic in various regions is expected to propel the aircraft seating industry globally. In addition, the higher demand of the increasing disposable incomes of the commoners especially the ones trying to emerge in the economic class is the major growth factor for the global aircraft seating market. The countries such as India and China show the considerable increase in disposable income which helps the aircraft market to grow at a faster rate. The regions present in Asia Pacific may witness a better growth rate over the coming years.
The aircraft seating market is segmented mainly into five groups based on the aircraft type, seat class, component, region, and fit. These four groups have been further bifurcated into smaller segments such as narrow-body aircraft, wide-body aircraft, very large aircraft, regional transport aircraft, line-fit, retrofit, seat actuators, foams, and fittings. The regional differentiation depends on the manufacturing regions such as North America, Europe, Asia-Pacific, the Middle East and the Rest of the World.
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According to the regional analysis, Asia-Pacific, and the Middle East rule the aircraft seating market showing faster growth rate due to selling in commercial jets at a faster rate. The countries such as China and India are the major contributors in the aircraft industry. However, globally, North America remains the largest player in the aircraft market.
Market Competitive Players
The major players that run global aircraft seating market include B/E Aerospace, Inc., ZIM Flugsitz GmbH, Zodiac Aerospace, Aviointeriors S.p.A., Acro Aircraft Seating, Thompson Aero Seating Ltd., Geven S.P.A. and RECARO Aircraft Seating GmbH & Co. KG. These players investment in the R&D in lump sum helping the development of aircraft products which are new, compact and lighter in weight. In order to stay strong in the market, they adopt various strategies such as signing contracts or agreements, new product manufacturing, developing partnerships or expanding their business by taking over smaller aircraft companies.
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Aircraft Seating Market by Regional Analysis: North America( U.S.), Europe( UK, France, Germany), Asia-Pacific (China, Japan, India), Latin America( Brazil), Middle East and Africa
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