According to a new market research report, the global Commercial Aviation Aircraft Seating Market is estimated at $5991 Million in 2014 and is projected to reach $7910 Million in 2019.
The major challenges for this particular industry will be to control emissions from the aircraft, poor quality of equipment, and increase in fuel prices.
The report, published by MarketsandMarkets, is called “Commercial Aviation Aircraft Seating Market by Aircraft Type (NBAWBA, VLA , BGA), by Seat (Economy Class, Premium Economy Class, Business Class, First Class, Suite class), by Geography (North America, Asia-Pacific, Europe, The Middle East, Latin America, Africa) – Forecasts & Analysis to 2014 – 2019″ .
Globally, in the Commercial Aviation Aircraft Seating Market, the largest share is held by North America. Asia-Pacific, the Middle East, and Latin America are expected to be the fastest growing regions in the commercial aviation aircraft seating market, mainly due to the increasing number of aircraft orders and increasing air travel in this region.
Driving factors such as an increase in the demand for seat customization with respect to passenger comfort and increasing passenger growth rate boost the Commercial Aviation Aircraft Seating Market worldwide. Growth in this market will continue to depend largely on passenger travel as an increase in passenger numbers will increase the number of aircraft and cabin seats in the commercial aircraft. The economy class seat market size is estimated to be the highest from 2014 to 2019 when compared to other cabin seats.
The report includes several seats, which are categorized such as economy class, premium economy class, business class, first class, and suite class.
The North American aircraft fleet size was estimated at 6590 aircraft in 2012. A majority of the share is held by single aisle aircraft projected at 3760 in 2012. Boeing also increased its B737 aircraft’s production capacity per month, from 38 in 2013 to reach 42 in 2014. COMAC C919 is a narrow body aircraft, which is expected to be in service from 2016. The narrow body aircraft market is expected to observe growth due to the demand for fuel efficient aircraft. An increase in air traffic is also another driver for an increase in the delivery of new aircraft.
The competitive analysis includes a market share of companies in The Commercial Aviation Aircraft Seating Market. The impact of drivers and restraints are analyzed and their impact on the Commercial Aviation Aircraft Seating Market throughout the study period is given to provide an in-depth insight of the market. Technology and industry trends are also discussed, which will provide the latest information related to advanced technology and joint ventures amongst the commercial aviation aircraft seat providers.