Commercial Aviation Aircraft Seating Market (Aircraft type & Seat type) Poise to Grow $4.86 Billion by 2017 at a CAGR of 5.27% - New Report by MarketsandMarkets
(PRWEB) February 24, 2014 -- According to a new market research report, “Global Commercial Aviation Aircraft Seating Market, Forecasts & Analysis (2012 – 2017)”, the total global commercial aviation aircraft seating market is expected to reach $4.86 billion by 2017 with a CAGR of 5.27%.
Browse 118 market data tables & 123 figures spread through 310 pages and in-depth TOC on “Commercial Aviation Aircraft Seating Market”.
http://www.marketsandmarkets.com/Market-Reports/commercial-aviation-aircraft-seating-market-906.html
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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. Majority of the orders are from emerging regional economies like APAC & BRIC. The manufacturers are increasing their aircraft production capacity alongside 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. Coupled with the increase in orders for existing models and new models expected to enter the market the aircraft seating industry is expected to grow at 5.27% during the period of 2012 to 2017. 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 (LCC) comprises of 63% in the global fleet size. LCCs uses 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 includes 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 commercial aviation aircraft seating market is majorly driven by the growth of demand of fuel efficiency. Increase in air travel across region is also one of the drivers for this market.
Scope of the Report
This report analyzes the Global Commercial Aviation Aircraft Seating Market based on:
• Aircraft types according to the seating capacity
• Seat types
• Geographic regions
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.
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