(PRWEB) March 08, 2013
According to a new market research report, “Global Commercial Aviation Aircraft Seating Market, Forecasts & Analysis (2012 – 2017)”, published by MarketsandMarkets, the total global market is expected to reach $4.86 billion by 2017 with a CAGR of 5.27%.
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The recovery of the aviation sector from 2007-08, the global economic crisis, has helped the commercial aircraft manufacturers with new orders. The majority of the orders are from emerging regional economies like Asia Pacific & BRIC. The manufacturers are increasing their aircraft production capacity with innovative aircrafts aimed at fuel efficiency. The industry is witnessing new entrants from emerging economies in narrow body segment. These in turn are acting as boon for the Aircraft Components Manufacturers. It is expected that the aircraft seating market in China will witness the highest growth rate.
Airlines are currently trying to tackle the rising fuel price, which is a major challenge. This has forced the airlines to enhance the passenger carrying capacity in their seating configurations. There has been immense research & development in areas of slimmer, lighter seats.
Low Cost Carriers comprises of 63% in the global fleet size. LCCs use single aisle Narrow Body Aircrafts; majority of the LCC Narrow Body configurations are economy class seats. On the contrary, Very Large Aircraft like the A380 include the most luxurious aircraft seats - the Suites.
The global commercial aviation aircraft seating market revenue is expected to grow from $3.76 billion in 2012 to $4.86 billion by 2017. Global market is majorly driven by the growth of demand of fuel efficiency.
Scope of the Report
This report analyzes the Global Commercial Aviation Aircraft Seating Market based on:
In addition to market sizes and forecasts, the report also provides a detailed analysis of the market trends and factors influencing market growth, offering in-depth geographic analysis of the commercial aircraft seating market in United States, Europe, Canada, Brazil, China and Russia. This report draws the competitive landscape of the commercial aviation, providing an in-depth comparative analysis of the technological and marketing strategies of the key players.
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
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