Aircraft Seat Upholstery Market: Current Analysis and Forecast (2024-2032)

Report Description

Global Aircraft Seat Upholstery Market Size & Forecast

The Global Aircraft Seat Upholstery Market was valued at USD 1990 million in 2023 and is expected to grow at a strong CAGR of around 3.56% during the forecast period (2024-2032). Owing to rising demand for Aircraft Seat Upholstery in the aircraft industry across the globe.

Global Aircraft Seat Upholstery Market Analysis

Aircraft Seat Upholstery is used to keep aircraft seats covered with the construction finishing and veneering. Various types of seat upholstery use fabric, leather, and vinyl-based materials which are targeted at providing comfort to the passengers. As different sections of aircraft as business, first-class, economy and premium economy customer costs and experience are considerably different from one another and the focus on the improvement of the experience tends to target better seating experience with the usage of different fabrics and materials for ease and comfort.

The Global Aircraft Seat Upholstery market was valued at USD 1990 million in 2023 and is expected to grow at a strong CAGR of around 3.56% during the forecast period (2024-2032). One of the key factors that has contributed to the growth of Aircraft Seat Upholstery are rising number of aircraft demand from emerging economies such as China, India, South Korea, Saudi Arabia, the UAE, etc. The respective countries have also witnessed a notable increase in the air travel infrastructure development and further supporting the integration of new-age aircraft for the LCC operations. Considering the rising demand for air travel from the middle-class population in the countries many of the leading airlines have announced major plans to upgrade and expand their existing fleet to tap the emerging growth opportunity. For instance, in 2023, Interglobe Aviation (Indigo) announced to purchase of 500 Airbus A320 aircraft with a total cost of USD 55 billion.

In another instance, Air India another airline from India announced its finalization of the order of 470 aircraft including 250 airplanes from Airbus and 220 from Boeing. The total order accounts for about 400 narrowbody and 70 widebody jets. With a total cost of USD 70 billion, the order is estimated to be executed in the coming years.

With the high purchase of commercial jets from the developing regions the demand for Aircraft Seat Upholstery from the OEMs would significantly rise. Additionally, the rising fleet of commercial aircraft in the region would also lead to an increased demand for Aircraft Seat Upholstery for aircraft maintenance, repair, and overhaul activities. Considering these factors the Global Aircraft Seat Upholstery market is anticipated to rise during 2024-2032.

Global Aircraft Seat Upholstery Market Trends

This section discusses the key market trends that are influencing the various segments of the Global Aircraft Seat Upholstery Market as identified by our team of research experts.

Rising Fleet of Low-Cost Carriers Across the Globe

The demand for Low-cost carriers is witnessing a rapid surge, especially in the developing regions of Asia Pacific and the Middle East region. With the increasing number of aircraft for LCC operations with the surge of the middle-class population demanding affordable airfare options. These updates have led to a surge in the demand for new aircraft from aviation operators across the globe further leading to increased demand for new aircraft and supporting the demand for aircraft seat upholstery in OEM.

In line with this, a sizable number of aircraft operators have focused on offering airfare at reasonably lowered prices due to which a notable number of air travelers are opting for air travel as a convenient mode of transportation. This has been majorly seen among the developing nations where income is relatively low. In line with the rising demand for aircraft from the LCC category the need for aircraft upholstery with the new aircraft construction would further grow.

Boeing 737 and Airbus 320 are some of the major commercial aircraft used for low-cost carrier applications across the globe. The respective aircraft due to their lesser number of engines, lesser seating capacity, smaller airframe, weight, etc., offer a greater versatility to reduce the operational cost as well as operating the aircraft from medium to large sized runways. According to Boeing Corporation between 2023-2042 a total number of 32,420 narrowbody aircraft will be delivered. Considering the delivery nearly 40% would be used for low-cost carrier operations across the globe.

Considering the rising demand for low-cost carriers, the demand for aircraft seat upholstery market will grow during 2024-2032.

North America is Expected to Hold Major Market Share During Forecast Period

The North America Aircraft Seat Upholstery market has grabbed a sizeable market share across the globe. Some of the factors that have assisted the rise of aircraft seat upholstery demand in the region are the high presence of commercial aircraft manufacturing companies and the presence of a vast air traveler footfall further promoting the expansion of the aviation industry. For instance, in 2024, American Airlines announced to order of 260 new aircraft including 85 Airbus A321Neo, 85 Boeing 737Max, and 90 Embraer E175. The order is in line with the plans of the airline to increase its premium seat capacity in both narrowbody and widebody jets.

In another instance, in 2023, United Airlines announced to purchase of 110 new airplanes including 50 Boeing 787 Dreamliner and 60 single-aisle Airbus A321Neos.

Considering the rapid expansion of the commercial aviation fleet in the North American region the demand for Aircraft Seat Upholstery for both the OEM and aftermarket category is further anticipated to increase significantly during 2024-2032.

Global Aircraft Seat Upholstery Industry Overview

The Global Aircraft Seat Upholstery market is competitive and fragmented, with the presence of several global and international market players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new product launches, geographical expansions, and mergers and acquisitions. Some of the major players operating in the market are Lantal Textile AG, Franklin Products, J&C Aero, Generation Phoenix Ltd., Aircraft Cabin Modification GmbH, International Aero Services, Perrone Performance Leather & Textile, Spectra Interior Products, Tritex Corporation, and Intech Aerospace.

Global Aircraft Seat Upholstery Market News

In 2024, Air China announced the purchase of 100 units from domestic aircraft manufacturing company Commercial Aircraft Corporation of China (COMAC). The order is anticipated to cost around USD 10.8 billion.

In 2024, Cathy Pacific signed a deal to purchase 30 Airbus A320neo aircraft with the total cost of USD 11 billion.

Global Aircraft Seat Upholstery Market Report Coverage

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The Global Aircraft Seat Upholstery market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs; hence, feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Global Aircraft Seat Upholstery Market Analysis (2024-2032)

Analyzing the historical market, estimating the current market, and forecasting the future market of the Global Aircraft Seat Upholstery market were the three major steps undertaken to create and analyze the adoption of Global Aircraft Seat Upholstery in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted with industry experts across the value chain of the Global Aircraft Seat Upholstery market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

A detailed secondary study was conducted to obtain the historical market size of the Global Aircraft Seat Upholstery market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Global Aircraft Seat Upholstery market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as by seat type, by aircraft, and by material and by end user. Further regional/country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Global Aircraft Seat Upholstery market. Further, we conducted factor analysis using dependent and independent variables such as by seat type, by aircraft, and by material and by end user in the Global Aircraft Seat Upholstery market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Global Aircraft Seat Upholstery market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Global Aircraft Seat Upholstery market, and market shares of the segments. All the required percentage shares split and market breakdowns were determined using the above-mentioned secondary approach and verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors, including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques, i.e., the top-down/bottom-up approach, were applied to arrive at the market forecast for 2032 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the Global Aircraft Seat Upholstery market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the Global Aircraft Seat Upholstery market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs), including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the Global Aircraft Seat Upholstery market. Data was split into several segments and sub-segments after studying various parameters and trends by seat type, by aircraft, and by material and by end user in the Global Aircraft Seat Upholstery market.

The main objective of the Global Aircraft Seat Upholstery Market Study

The current & future market trends of the Global Aircraft Seat Upholstery market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the Global Aircraft Seat Upholstery market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
• Segments in the study include areas of by seat type, by aircraft, and by material and by end user.
• Define and analyze the regulatory framework for global Aircraft Seat Upholstery industry.
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the Global Aircraft Seat Upholstery market for the major regions.
• Major countries of regions studied in the report include North America (The US, Canada, and Rest of North America), Europe (The UK, France, Germany, Italy, Spain, Rest of Europe), Asia-pacific (China, Japan, India, Rest of the Asia-pacific), Rest of the World
• Company profiles of the Global Aircraft Seat Upholstery market and the growth strategies adopted by the market players to sustain in the fast-growing market.
• Deep dive regional level analysis of the industry

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