Aircraft Seating Global Market – Overview
Aircraft or Airplane Seating is of paramount priority for Airline companies when it comes to leveraging added comfort to enhance travel experience of their passengers. Airline companies, while investing significantly on Aircraft Component & Engine MRO and technology upgrade; are also considering economics, and ergonomics of cabin furnishings to ensure Air Traveller’s Comfort. Airplane Seating Market is gaining a huge traction worldwide owing to the increased Air Travel rate. Recently, most of the Airline companies are seen making huge investments in modifying cabin interior and seating arrangements.
Some of them are offering more comfortable luxurious lie-flat business class seating while some are adding extra row of economy seating; at the same time some are introducing Recaro Aircraft Seating.
Accreditation the rising investment activities transpiring in the Airline Industry lately; the Market Research Future promptly published a thorough study report giving out the complete market prognosis till 2021. According to which, The Aircraft Seating Market is projected to grow at the rapid pace demonstrating an aggrandized expansion by registering ~ 13% of a CAGR during 2016-2021.
Over the last decade, the Aviation or Airline industry has been witnessing a robust growth, owing to the increased diversification among airlines worldwide. The passenger traffic is expanding exponentially, despite a slight slowdown in the global economy. In recent years, the large aviation markets, such as the U.S., Europe, and Asia have witnessed increased expenses by passengers, due to the rising per capita income in these regions coupled with increasing rate of business travels. This in turn has resulted in the expansion of the aviation industry. Moreover, air travel has been made easier and convenient by the low cost carriers, whilst airline companies are extending their services to various geographic locations.
Aircraft Seating Global Market – Competitive Analysis
Characterized by the presence of several major well-established players, the global Market of Aircraft Seating appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. The Key players operating in the market compete based on pricing, technology, reputation and services. These vendors are committed to deliver reliable, leading-edge products and services.
Industry/ Innovation/ Related News
November 2017 – Delta Air Lines announced that it will offer lie-flat business-class seating on domestic flights on six more routes next year as customer service on US domestic long-haul flights continues to become more competitive.
November 2017 – AUSTRALIA’S largest budget airline commenced a bold plan to squeeze more seats onto its planes. An extra row of economy seating has been fitted into 43 of Jetstar’s A320 fleet by rearranging the toilets and reducing the galley space.
November 2017 – Singapore Airlines unveiled new Airbus A380economy-class seats, which will be introduced by the end of the year. The seats, Recaro Aircraft Seating’s CL3710, will also be used on the carrier’s A350 and Boeing 787-10aircraft in 2018. According to Recaro, the “highly customized seat back and special padding will ensure exceptional passenger comfort.
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