The Aerospace Seating Market offers the favorable opportunities in the entire ecosystem of the market and is expected to grow at a projected CAGR of 7.6% during the forecast period of 2017 to 2022. Increasing production rates of the best-selling aircraft, such as B737 and A320 fueled by increasing passenger traffic; rising global aircraft fleet size; upgrade of an existing aircraft fleet to achieve a greater fuel efficiency; and an advancement in the technology are major driving forces of the global aerospace seating market.
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Aerospace Seating Market Segment Insights:
By Aircraft Type:
Narrow-body aircraft is projected to remain the largest seating market during the forecast period of 2017 to 2022. Boeing B737 and Airbus A320 family including their recently launched variants would remain the growth engines of the seats in the segment. Wide-body aircraft is likely to witness the highest growth during the same period, driven by increasing production rates of the key aircraft, such as B787 and A350XWB.
By Region:
North America currently holds the largest share in the global aerospace seating market and is projected to remain the largest seating market during the forecast period. The region is the assembly base of all the commercial and regional aircraft programs of Boeing and Bombardier. Additionally, Airbus has opened its first assembly plant for its A320 in Alabama, the USA. The region also owns one of the largest commercial and regional aircraft fleet size.
Asia-Pacific is expected to register the highest growth over the next five years, driven by upcoming commercial and regional programs, such as Comac C919 and MHI MRJ. Furthermore, the region owns the largest commercial aircraft fleet worldwide. This will create a sustainable demand for seats from the aftermarket. China and India are the growth engines of the Asia-Pacific's aerospace seating market.
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· Market structure: Overview, industry life cycle analysis, supply chain analysis
· Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
· Market trend and forecast analysis
· Market segment trend and forecast
· Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
· Attractive market segments and associated growth opportunities
· Emerging trends
· Strategic growth opportunities for the existing and new players
· Key success factors
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