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Global Aircraft Seat Upholstery Market is Expected to Grow at a CAGR of 7% in the Forecast Period of 2022-2027.

According to a new report by EMR titled, ‘Global Aircraft Seat Upholstery Market Report and Forecast 2022-2027’, the global aircraft seat upholstery market attained a value of USD 1.5 billion in 2020. The market is further expected to grow at a CAGR of 7% in the forecast period of 2022-2027 to reach a value of USD 2.3 billion by 2026.

The increasing number of premium economy seats in passenger aircraft and the growing demand for customised first-class aircraft are driving the growth of the global aircraft seat upholstery market. Due to the increasing global economy, air travel is booming, thereby resulting in the enhanced demand for aircraft seat upholstery market. Besides, increasing passenger demand and innovative developments is expected to show a healthy growth in the forecast period. Commercial airline changes its seat upholstery every four to five years due to wear and tear of seats over time which in turn boost the market due to continuous demand. Besides, there is a need for passengers to enjoy excellent seating comfort in long flights, resulting in an increasing demand for maintenance and replacement of seats to provide passenger comfort. This, in turn, increases the demand for the market. Also, increasing levels of disposable incomes across the globe are likely to have a positive impact on market growth.

However, in 2021, the aircraft seat upholstery market might be impacted adversely due to the grounding of airlines as a result of the worldwide lockdowns caused by the COVID-19 pandemic. The major losses faced by airlines like American Airlines (NASDAQ: AAL) and United Airlines might also hinder the growth of the aircraft seat upholstery market for the period of the pandemic. However, as the pandemic induced lockdowns ease, the market might see a growth due to the rising concerns about hygiene, with airlines expected to change their upholstery more frequently post-pandemic to ensure hygienic conditions.

Market Analysis by Aircraft Type, Seat Type, Material Seat Cover Type, and Region:

  • The market can be broadly categorized based on aircraft type into narrow-body aircraft (NBA), wide-body aircraft (WBA), very large aircraft (VLA), business jets, regional transport aircraft (RTA), helicopters, and general aviation aircraft.
  • The industry can be segmented on the basis of seat type into first class, business class, premium class, and economy class.
  • Based on material, the market can be categorised into fabric, vinyl, and leather.
  • The industry can be divided based on seat cover type into bottom covers, backrests, seat rear pockets, headrests, and armrests
  • The regional markets for aircraft seat upholstery include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global aviation industry has witnessed a massive surge in the market over the past few years, which is aiding the growth of the global aircraft seat upholstery market.
  • The aircraft seat upholstery aftermarket is expected to witness a healthy growth in the coming years. 
  • The aircraft seat upholstery market is driven primarily by the increasing number of commercial and general aviation aircraft supplies manufacturers across the globe.

Key Offerings of the Report:

  • The EMR report offers an overview of the global aircraft seat upholstery market for the periods (2017-2021) and (2022-2027).
  • The report also provides historical market size (2017-2021) and gives the market forecast (2022-2027) for the aircraft type, seat type, material seat cover type, and major regions of aircraft seat upholstery.
  • The report provides an in-depth insight into the global aircraft seat upholstery market through SWOT analysis, as well as an assessment of Porter’s Five Forces model.

The key players in the global aircraft seat upholstery market include Lantal Textiles Ltd., Franklin Products, Inc., ACM Aircraft Cabin Modification GmbH, Spectra Interior Products, and Tritex Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

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