Market Trends of Commercial Aircraft Upholstery Industry
Narrowbody is Expected to be the Dominating Segment in the Market During the Forecast Period
An enhanced seating structure with more developed space than economy-class seats is becoming essential due to rising preferences for business-class travelers. Worldwide airline operators and OEMs are increasing their efforts to reduce weight and create a sustainable way to manage the airline industry in consideration of the zero-emission 2050 goal. During 2017-2022, narrowbody aircraft accounted for most deliveries, which accounted for 81% of the total aircraft delivered. In 2020, as a result of restrictions on travel, including domestic and international routes, there were delays in airline companies adding new aircraft to their fleets. However, in 2021, with the reopening of borders and increasing vaccination rates, the procurement of new aircraft has exceeded the pre-pandemic levels by 35%. It is anticipated that certain factors, including the growing demand for luxury air travel and the vast number of aircraft orders, will drive the market during the forecast period.
On this note, as a part of fleet expansion and the demand driven by new narrowbody aircraft with extended range on major routes. For instance, in June 2023, IndiGo Confirmed the order of 500 Airbus A320 family of narrowbody aircraft, the largest-ever single aircraft purchased by any airline in the world. Such developments are expected to aid the commercial aircraft upholstery market.
North America is Projected to Dominate the Market During the Forecast Period
North America is expected to dominate the market during the forecasted period. Customer experience has always been the top priority for airlines. To provide the best experience, airlines are focusing on modernized cabin seats that provide comfort for passengers during their travel. The increased passenger traffic may eventually drive new aircraft procurements and orders, thus boosting the market.
According to the Bureau of Transportation Statistics, in December 2023, US airlines served 78.7 million passengers (domestic and international combined). Also, in March 2024, American Airlines placed a massive order for 260 aircraft, including 85 B737 MAX 10s and 85 A321neos. It is also ordering 90 E175 aircraft from Embraer. The new planes will replace older, less fuel-efficient aircraft and enable the airline to upgauge on domestic and short-haul international routes. Thus, increasing procurement of new airplanes and rising aircraft modernization programs boost the market growth across the region.
