The global aircraft soft goods market is projected to observe tremendous growth owing to the increasing safety concerns as well as rising customer preference for higher comfort during air travel. Increasing number of passengers using domestic as well as international airlines is expected to surge the requirement of high quality aircrafts, which will majorly augment the demand for soft goods. In fact, as per the U.S. Department of Transportation, the U.S., as well as foreign airlines, transported 240.9 million travelers between the U.S. and the rest of the countries, for the year that ended as of March 2019. This apparently depicted a 5% increase from the numbers recorded for the previous year.
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The increasing need for aesthetic enhancements across commercial aircrafts and business jets is likely to propel aircraft soft goods market share from curtains through 2026. The growth can be credited to the increasing trend of having a larger cabin area offering personalized space precisely for long haul journeys.
The rising adoption of lightweight floor coverings providing improved flexibility and durability will also complement the product demand. Having said that, it is important to mention that companies have been choosing natural leather as a viable material for aircraft interiors such as curtains and carpets. As per estimates, natural leather segment is likely to witness 1.5% CAGR through 2026, driven by the fact that it is resistant to abrasion and has superior flame and chemical resistance as well. Not to mention, natural leather is highly flexible and looks elegant as well.
Aircraft manufacturers, such as Boeing and Bombardier also seem to prefer natural leather to replace old aircraft interiors such as seat covers, carpets, and curtains. Increasing demand for the material in airline interiors alongside rising need to ensure aesthetic interiors comprising high quality curtains, carpets, etc., will push the overall industry outlook through 2026.
It has been observed that of the numerous aircraft types – helicopters, regional commercial, and business jets, regional aircrafts seem to hold high preference by consumers. As manufacturers focus more toward enhancing travel experience, regional aircraft will continue to witness high demand. Estimates claim aircraft soft goods market share from regional sector to register 5.5% CAGR through 2026.
Bombardier’s 2019 aircraft launch proves that even aircraft manufacturers are focusing more on enhancing regional airlines. The company last year, launched its first, 50-seater, triple class regional aircraft designed toward improved passenger experience and large passenger legroom space.
Owing to the growing consumer preference towards comfort and convenience across the globe, several market players are aiming towards launching new products for revenue growth, which is likely to define the market dynamics over the coming years. In September 2019 for instance, Anker, a renowned aircraft soft goods company reportedly launched Anker Flooro, a new carpet particularly designed for the aviation sector. This carpet has considerably lesser weight in comparison with other carpets. In addition, half of the textile flooring is developed using recycled yarns.
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Europe aircraft soft goods market is estimated to showcase growth rate of 2.5% CAGR through 2026. Growth can be attributed to presence of major aircraft manufactures, as well as strong economic growth in the region. Rise in airliners spending on expansion of aircraft fleet expansion across the globe will boost aircraft components demand and supply in the coming years.
The competitive landscape of the global aircraft soft goods market is inclusive of players like FellFab, Desso Aviation, E-Leather, Spectra Interior Products, and Anker among others.
Major Key Points from Table of Content:
Chapter 6 Aircraft Soft Goods Market, By Material
6.1 Global aircraft soft goods market share by material, 2019 & 2026
6.2 Wool/Nylon Blend Fabric
6.2.1 Market estimates and forecast, 2016 – 2026, (USD Million)
6.2.2 Market estimates and forecast, by region, 2016 – 2026, (USD Million)
6.3 Natural Leather
6.3.1 Market estimates and forecast, 2016 – 2026, (USD Million)
6.3.2 Market estimates and forecast, by region, 2016 – 2026, (USD Million)
6.4 Synthetic Leather
6.4.1 Market estimates and forecast, 2016 – 2026, (USD Million)
6.4.2 Market estimates and forecast, by region, 2016 – 2026, (USD Million)
6.5.1 Market estimates and forecast, 2016 – 2026, (USD Million)
6.5.2 Market estimates and forecast, by region, 2016 – 2026, (USD Million)
Chapter 7 Aircraft Soft Goods Market, By Distribution Channel
7.1 Global market share by distribution channel, 2019 & 2026
7.2.1 Market estimates and forecast, 2016 – 2026, (USD Million)
7.2.2 Market estimates and forecast, by region, 2016 – 2026, (USD Million)
7.3.1 Market estimates and forecast, 2016 – 2026, (USD Million)
7.3.2 Market estimates and forecast, by region, 2016 – 2026, (USD Million)
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