-- Stratview Research s latest market report on the global aircraft soft goods market covers the wide spectrum of the factors governing the future growth including drivers, challenges, emerging trends, technology changes, and environmental factors. The report is a perfect blend of insights and market figures which would enable the business strategists to churn out the future business strategies.
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According to the report, the global aircraft soft goods market is projected to reach an estimated value of US$ 782.7 million in 2023.
An organic growth of the aircraft industry is the major driver of the sustainable demand for lightweight material in the aircraft industry. Boeing and Airbus had a combined total order backlog of 13,090 commercial aircraft as of 31st March 2018. These huge pile of order backlogs of commercial aircraft will allow both airframers to roll out their aircraft continuously for the next nine years at current build rates. However, they have strategically been raising the production rates of their key commercial aircraft programs in order to deliver aircraft to their widespread clients at a shorter period of time. Also, they have been introducing fuel-efficient variants of their best-selling aircraft programs with the purpose to address the biggest requirement of the airline industry, which is the fuel-efficient aircraft. This is likely to engender a greater demand for soft goods in the OE segment in the foreseeable future.
Cabin upgrade is another factor creating a significant opportunity for soft goods. In general, first- and business-class cabins are frequently refurbished than the economy class cabins. Also, airlines profitability is having a major impact on discretionary spending for upgrades. Lower crude oil prices allowed airlines to make more profit, thus, spending more on cabin upgrades, such as interior modification and replacement of carpets, seat, and curtains.
Safety is another factor that is again boosting the demand for soft goods in aircraft cabin interiors. For instance; aircraft seats are required to withstand a dynamic 16g force. In the 16g test, two distinct dynamic tests are conducted, which ultimately stimulates the loads that could be expected in an impact-survivable accident. This helps the passengers to survive in case of a fatal accident. The selection of materials for the seating application largely depends upon such regulations. Nylon yarn excels in most of the parameters with the advantages of being light in weight.
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The key growth drivers of the aircraft soft goods market are:
Increasing commercial and regional aircraft deliveries and production rates
Rise in global commercial aircraft and regional aircraft fleet size
Reducing weight and increasing comforts
Increasing demand for aesthetic values in aircraft interiors
Consistent demand for soft goods refurbishment in cabin upgrades
Stratview Research has done a rigorous study on the aircraft soft goods market in its recently launched market report. Market forecast has been done after considering the views of key decision makers, extensive desk research, key market drivers and challenges, apart from our market expertise. Identify the most important factors and opportunities impacting your business decisions.
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Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
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
This report studies the aircraft soft goods market and has segmented the market in five ways, keeping in mind the interest of all the stakeholders across the value chain. The following are the five ways in which the market is segmented:
Aircraft Soft Goods Market, By Aircraft Type
Commercial Aircraft
Regional Aircraft
General Aviation
Military Aircraft
Helicopter
Each Aircraft type includes Regional Analysis of North America, Europe, Asia-Pacific, and RoW.
Aircraft Soft Goods Market, By Product Type
Carpets
Seat Covers
Curtains
Others
Each Product type includes Regional Analysis: North America, Europe, Asia-Pacific, and RoW.
Aircraft Soft Goods Market, By Material Type
Wool/Nylon Blend Fabric (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Nylon Yarn (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Natural Leather (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Synthetic Leather (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Polyester Fabric (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Other Materials (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Soft Goods Market, By End-User Type
OE (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Soft Goods Market, By Region
North America (Country Analysis: The USA, Canada, and Mexico)
Europe (Country Analysis: France, Germany, the UK, Spain, Russia, and Rest of Europe)
Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
Rest of the World (Sub-region Analysis: Latin America, the Middle East, and Others)
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