Home > Chemicals and Materials > Textiles > aircraf soft goods market
Get a free sample of Aircraft Soft Goods Market
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Get a free sample of Aircraft Soft Goods Market
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Aircraft Soft Goods Market size surpassed USD 650 million in 2019 and is estimated to grow at over 2% CAGR between 2020 and 2026. Rapidly increasing air passengers’ traffic across the globe is likely to be key driving factor for the market growth.
The expansion of regional air connectivity and air travel routes is positively influencing the industry demand. Moreover, aircraft manufacturers and airliners are focusing on enhancing the customer experience by providing high level of comfort and service. These trends have created need for the development of cabin interiors with comfortable aircraft seats offering reclining and lumbar support.
The temporary closure of manufacturing facilities and challenges associated with COVID-19 pandemic will limit the aircraft soft goods market growth in near future. Sudden drop in air travel passengers along with decline in aircraft fleet in service has resulted in reduction of revenue in 2020. However, the industry will gain momentum with increasing air travel demand due to expected stability in tourism sector worldwide.
Report Attribute | Details |
---|---|
Base Year: | 2019 |
Aircraft Soft Goods Market Size in 2019: | 683.5 Million (USD) |
Forecast Period: | 2020 to 2026 |
Forecast Period 2023 - 2032 CAGR: | 2.5 |
2023 Value Projection: | 693.9 Million (USD) |
Historical Data for: | 2016 to 2019 |
No of Pages: | 250 |
Tables, Charts & Figures: | 381 |
Segments Covered: | Aircraft, Product, Material, Distribution Channel, Region |
Growth Drivers: |
|
Pitfalls Challenges: |
|
In 2019, commercial aircraft held over 85% share in the aircraft soft goods market owing to rising deliveries of narrow-body aircrafts across the world. Emerging countries are experiencing a surge in demand for short to medium haul travel. Rising usage of low-cost carriers coupled with expanding routes offered by airliners are expected to provide a significant boost in the market size. Moreover, airliners are focusing on increasing their flight seating capacities and enhancing level of seating comfort, influencing the industry demand.
Seat covers will register growth of around 2.6% during the forecast period impelled by increasing concerns towards aesthetics, comfort, and hygiene of aircraft seats. Such trends will propel the usage of soft and stain resistant seats covers, that results in significant fuel saving of an aircraft as compared to leather seat covers. Apart from this, government regulations focusing on usage of biodegradable and eco-friendly seat covers will fuel the market growth.
Wool/nylon blend fabric accounted for 70% aircraft soft goods market share on account of properties including, excellent wear resistance, good durability, and superior insulating characteristics. Manufacturers are developing new products that combine properties of wool and nylon fabric to enhance the aesthetics of aircraft interior.
OEM segment is anticipated to dominate the aircraft soft goods market over the coming years led by growing number of commercial aircraft deliveries across the globe. Increasing air travel demand coupled with rising low-cost airliners in the Asia Pacific region will support the segment growth.
In 2019, North America aircraft soft goods market dominated around 45% revenue share. Proliferating commercial airline industry with rising air travel demand in the U.S. will boost the industey growth. Stringent government regulations towards aircraft maintenance and repair activities will create need for refurbishment & repair of interior components of an aircraft will drive the market demand.
Aircraft soft goods industry is highly competitive with presence of large number of manufacturers and suppliers across the world. Some of the key manufacturers are
Industry players use variety of strategies including acquisitions & mergers, product development, diversification, etc. to remain competitive. For instance, in 2018, Fellfab Corporation merged with Custom Products, Inc. to enhance their market share. Similarly, Aerofloor Limited introduced a new sheepskin range that regulates body temperature and provides comfort in long flights, is a good example for product innovation.
Market by Aircraft
Market by Product
Market by Materials
Market by End-user
The above information is provided on a regional and country basis for the following: