(I-BusinessNews.Com, November 27, 2020 ) According to the latest market research report the Aircraft Seat Upholstery Market is estimated to be USD 1.2 billion in 2019 and is projected to reach USD 1.8 billion by 2025, at a CAGR of 7.3% from 2019 to 2025. The rising number of premium economy seats in passenger aircraft and growing demand for customized first class and business class seats are expected to drive the market in the coming years.
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Fabrics segment projected to grow at highest CAGR during forecast period
Fabrics are majorly used for the seat covers of premium economy class and economy class seats. With the growing demand for premium economy class seats from business travelers, owing to its cheaper ticket price as compared to business class seats, there is a growing demand for seating comfort, which, in turn, is fueling the demand for aircraft seat upholstery fabric.
Aftermarket segment projected to lead aircraft seat upholstery market during forecast period
Based on end use, aircraft seat upholstery aftermarket is estimated to account for a larger share of the overall market in 2019. The aftermarket segment is also projected to grow at the highest CAGR during the forecast period, owing to the growing air passenger traffic and the increasing number of long-haul flights across the globe, which are leading to a growing need for frequent maintenance and replacement of seat upholstery.
North America expected to lead aircraft seat upholstery market from 2019 to 2025
The market growth in North America is majorly driven by the increasing number of deliveries of commercial as well as general aviation aircraft. Changing demographics and increase in disposable income in the region are driving the demand for air travel, which is leading to an increase in air passenger traffic, thus, resulting in the need for frequent maintenance and replacement for aircraft seat upholstery.
Key Market Players
The key market players in the North American region are Franklin Products (US), International Aero Services (US), Perrone Aerospace (US), J.H. Nunn Associates (US), Spectra Interior Products (US), Tritex Corporation (US), Aerotex Aircraft Interiors (Canada), OmnAvia Interiors (US), Tapis Corp (US), Aircraft Interior Products (US), and Douglass Interior Products (US). Lantal Textiles AG (Switzerland), Aircraft Cabin Modification GmbH (Germany), Fenice Care System S.p.A. Unip. (Italy), and ACC Interiors (UK) are the key market players in Europe who have robust product offerings.
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