2014-02-14 17:21:03 - Global Commercial Aircraft Seating Market 2012-2016 - a new market research report on companiesandmarkets.com
The Global Commercial Aircraft Seating market is to grow at a CAGR of 5.56 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand for economy class seats. The market has also been witnessing the growth of wide body aircraft fleet. However, complex regulatory requirements could pose a challenge to the growth of this market.
New deliveries of wide-body aircraft are expected to continue to grow over the long term, which will drive the Global Commercial Aircraft Seating market. It is estimated that over 1,131 wide-body aircraft will be delivered over the period 2013-2015. The trend toward a global fleet with a higher percentage of wide-body aircraft is significant. For instance, wide-body
aircraft carry up to three to four times the number of seats as a narrow-body aircraft and have multiple classes of service, including super first class compartments and first class and business class configurations, thereby generated substantial demand for a range of seating products.
One of the major growth drivers in the market is the increasing demand for economy class seats. The market is witnessing increasing demand for low-cost aircraft, which is creating demand for economy class seats across the globe.
One of the major challenges is rapid technological change. The introduction of products using new technologies or the adoption of new industry standards can make existing products, or products under development, obsolete or unmarketable. In such a scenario, to compete effectively, companies have to continuously innovate and introduce new products that gain the market acceptance.
The key vendors dominating this market space include B/E Aerospace Inc., EADS Sogerma S.A., RECARO Aircraft Seating GmbH & Co. KG, and Zodiac Aerospace Inc. The other vendors mentioned in the report are Aircraft Seating Ltd., Aviointeriors S.P.A, Diehl Group, Thompson Aero Seating, Acro and Timco Aerosystems.
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