The Global Aircraft Seat Upholstery market was valued at 1.6 billion USD in the year 2019 that is expected to reach 1.10 billion USD by the end of 2026 with a compound annual growth rate of 7.3% during the projection period of 2021 to 2026.
One of the major driving factors of the global Aircraft Seat Upholstery market is the rising number of premium economy seats in passenger aircraft. Growing demand for customized first class and business class seats is another major driving factor of the Aircraft Seat Upholstery market.
Another major driving factor of the market is the increasing number of aircraft orders and a growing requirement to maintain existing aircraft. An increasing number of orders for narrow-body aircraft from economies such as India, Japan, and China propel the growth of the global Aircraft Seat Upholstery market.
One of the major restraints affecting the growth of the Aircraft Seat Upholstery market is the shortage of seat suppliers. The high cost involved in the equipment is also a major restraint affecting the growth of the market of Aircraft Seat Upholstery. Stringent regulations from the government authorities is another critical challenge to the expansion of the global market.
Recent Market Developments:
In the month of February 2019, Lantal company has delivered seat covers, carpets, and curtains for the business and premium economy class sections to the Canada-based company WestJet.
Aircraft Cabin Modification GmbH has launched Seated, which is an aircraft seat cover comprising of sensors to provide feedback and tips about their seating position to passengers on an aircraft in the month of April 2019. In the month of February 2019, ACC Aviation Group has acquired AEROTASK which was an UAE based company to expand its customer base in aircraft interiors segment in the Middle East nations.
The global Aircraft Seat Upholstery market is segmented on the basis of material type, on the basis of seat cover type, on the basis of seat type, on the basis of aircraft type, and on the basis of region.
On the basis of material type, the Aircraft Seat Upholstery market is segmented into Fabric, Leather, and Vinyl. Among these segments, the fabric holds the major share of the market and is expected to hold the dominance during the forecast period as it is majorly used for the seat covers of premium economy class and economy class seats owing to it’s cheaper ticket price as compared to business class seats.
On the basis of seat cover type, the market of Aircraft Seat Upholstery is divided into Backrest, Bottom covers, Armrests, Headrests, Seat rear pockets.
On the basis of seat type, the Aircraft Seat Upholstery market is separated into first class, business class, premium economy class and economy class. Among these, the economy class segment holds a major share of the worldwide market.
On the basis of aircraft type, the market of Aircraft Seat Upholstery is divided into wide-body aircraft, narrow-body aircraft, very large aircraft, regional transport aircraft, business jets, general aviation aircraft and helicopters.
The global Aircraft Seat Upholstery market is elaborated in various regions all around the world such as North America (US, Mexico, Canada and rest of North America), Europe (Italy, Germany, Spain, UK, France and rest of Europe), Asia Pacific (India, Japan, China, Australia and rest of Asia Pacific), Latin America and Middle East and Africa.
North America region holds the major share of the market due to the increasing number of deliveries of commercial as well as general aviation aircraft. North America region is also expected to continue its dominance in this market over the foreseen period.
Asia Pacific region is likely to increase in the aircraft seat upholstery market owing to the rising disposable income of the local population and increase in investments by the companies for the new technological advancements in the emerging countries like China and India, which is likely to augment the revenue share of this locale.
Europe region is expected to increase the market revenue of aircraft seat upholstery owing to the growing demand for air travel in the area.
Key market players:
Some of the key players in the global Aircraft Seat Upholstery market are Tritex Corporation, Aerotex Aircraft Interiors, Franklin Products Inc, International Aero Engineering LLC, Perrone Aerospace, J.H. Nunn Associates, Douglass Interior Products, Spectra Interior Products, ACC Interiors, Tapis Corporation, and OmnAvia Interiors.
Coronavirus has impacted the global industries by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.
The ongoing situation has become a major threat for the Aircraft Seat Upholstery market. The companies are ready to restart their manufacturing units since the lockdown has lifted in so many companies with some strict regulations by the government authorities and gave permissions to all the industries to restart their manufacturing units.
As per the analysis, the market of Aircraft Seat Upholstery is expected to record an increase in the revenue rate in the next few months with all the industries starting their manufacturing of the products that in turn going to increase the revenue rate of the Aircraft Seat Upholstery.
The market of Aircraft Seat Upholstery is supposed to increase because of the increasing number of deliveries of commercial as well as general aviation aircraft, growing demand for customized first class and business class seats increasing number of industries and also the companies are ready to invest more in this field for the technological advancements which will benefit the market to grow further. As per the report, the market is expected to increase over the forecast period once the COVID-19 pandemic has resolved.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Aircraft Seat Upholstery Market, By Material Type
6.1.4 Market Size Estimations & Forecasts (2019-2024)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 Aircraft Seat Upholstery Market, By Seat Cover Type
6.2.1 Back Rest
6.2.2 Bottom Covers
6.2.5 Seat Rear Pockets
6.2.6 Market Size Estimations & Forecasts (2019-2024)
6.2.7 Y-o-Y Growth Rate Analysis
6.2.8 Market Attractiveness Index
6.3 Aircraft Seat Upholstery Market, By Seat Type
6.3.1 First Class
6.3.2 Business Class
6.3.3 Premium Economy Class
6.3.4 Economy Class
6.3.5 Market Size Estimations & Forecasts (2019-2024)
6.3.6 Y-o-Y Growth Rate Analysis
6.3.7 Market Attractiveness Index
6.4 Aircraft Seat Upholstery Market, By Aircraft Type
6.4.1 Wide Body Aircraft
6.4.2 Narrow Body Aircraft
6.4.3 Very Large Aircraft
6.4.4 Regional Transport Aircraft
6.4.5 Business Jets
6.4.6 General Aviation Aircraft
6.4.8 Market Size Estimations & Forecasts (2019-2024)
6.4.9 Y-o-Y Growth Rate Analysis
6.4.10 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Material Type
7.2.3 By Seat Cover Type
7.2.4 By Seat Type
7.2.5 By Aircraft Type
7.3.1 By Country
126.96.36.199 Rest of Europe
7.3.2 By Material Type
7.3.3 By Seat Cover Type
7.3.4 By Seat Type
7.3.5 By Aircraft Type
7.4 Asia Pacific
7.4.1 By Country
188.8.131.52 South Korea
184.108.40.206 South East Asia
220.127.116.11 Australia & NZ
18.104.22.168 Rest of Asia-Pacific
7.4.2 By Material Type
7.4.3 By Seat Cover Type
7.4.4 By Seat Type
7.4.5 By Aircraft Type
7.5 Latin America
7.5.1 By Country
22.214.171.124 Rest of Latin America
7.5.2 By Material Type
7.5.3 By Seat Cover Type
7.5.4 By Seat Type
7.5.5 By Aircraft Type
7.6 Middle East and Africa
7.6.1 By Country
126.96.36.199 Middle East
7.6.2 By Material Type
7.6.3 By Seat Cover Type
7.6.4 By Seat Type
7.6.5 By Aircraft Type
8. Key Player Analysis
8.1 Tritex Corporation
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Aerotex Aircraft Interiors
8.3 Franklin Products Inc
8.4 International Aero Engineering LLC
8.5 Perrone Aerospace
8.6 J.H. Nunn Associates
8.7 Douglass Interior Products
8.8 Spectra Interior Products
8.9 ACC Interiors
8.10 Tapis Corporation
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures