Aircraft Soft Goods Market estimated to reach US$ 837.8 million in the forecast period

01 March 2021, IndustryNewsGlobal // -- The report on the Aircraft Soft Goods Market has been launched by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2019-2024.

The report also offer insights into different market segments and other factors affecting the market.

Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Aircraft Soft Goods Market is expected to reach US$ 837.8 million by the forecast period.

As per the report, the market is segmented by:

• by Aircraft Type (Commercial Aircraft, Regional Aircraft, and Others) – Commercial aircraft will remain the growth engine of the market.
  ●by Product Type (Carpets, Seat Covers, and Others) – Seat will remain the most dominant segment of the market.
  ●by Material Type (Wool/Nylon Blend Fabric, Nylon Yarn, and Others) – Nylon Yarn will remain the most dominant Material segment of the market.
  ●by End-User Type (OE and Aftermarket) – Aftermarket will remain the dominant segment of the market.
  ●and by Region (North America, Europe, Asia-Pacific, and RoW) – North America to remain the largest market.

Highlights of the Report:

The aircraft soft goods market is segmented based on the aircraft type as Commercial Aircraft, Regional Aircraft, General Aviation, Military Aircraft, and Helicopter. Commercial aircraft is likely to remain the growth engine of the market during the forecast period. Increasing production rates of key programs, such as B737, A320 family, B787, and A350XWB; market entry of new players, such as COMAC and Irkut; an introduction of variants of existing best-selling aircraft programs, such as B737 max, A320neo, and B777x; and an increasing demand for cabin retrofit of the large aircraft fleet are likely to offer a sustainable growth platform for soft goods in this segment in the coming years.

Based on the product type, the aircraft soft goods market is segmented into Seats, Carpet, Curtains, and Others. Seat is likely to remain the most dominant segment of the global aircraft soft goods market over the next five years, driven by a high demand for seats for OE as well as retrofit in the commercial aircraft segment coupled with an increasing demand for comfortable, aesthetically excellent, and lightweight seat and armrest covers. Whereas, carpet, another considerable segment, is likely to witness the highest growth during the same period, driven by a large surface area of aircraft flooring.

Based on the material type, the aircraft soft goods market is bifurcated into Nylon Yarn, Natural Leather, Synthetic Leather, Wool/Nylon Blend Fabric, Polyester Fabric, and Others. Nylon yarn is the most widely used material in the market and is likely to maintain its dominance during the forecast period. It is considered an ideal material for producing carpets, seat covers, and curtains for aircraft interiors. Wool/nylon blend fabric, natural leather, synthetic leather, and polyester fabric are the other major materials used in the manufacturing of soft goods for the aircraft industry. They also offer sizeable growth opportunities in the coming years.

Based on the end-user type, the aftermarket segment is projected to maintain its dominance and is also likely to grow at a higher rate during the forecast period. Rising fleet size of commercial aircraft and an increasing demand for advanced lightweight soft goods products to the replace the old ones are the major driving forces behind the significant growth of the aftermarket segment.

Based on the regions, North America is projected to remain the largest market during the forecast period, driven by both OE as well as aftermarket segments. The USA is the growth engine of the region’s market and has the presence of almost all the major aircraft OEMs including Boeing, Airbus, Cessna, and Gulfstream. Rising commercial aircraft fleet size in the region is likely to further boost the overall demand for soft goods in the aircraft industry in the foreseeable future.

Asia-Pacific is likely to witness the highest growth during the same period, driven by a host of factors including increasing demand for commercial aircraft to support rising passenger traffic, the opening of assembly plants of Boeing and Airbus in China, upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ), and rising aircraft fleet size.

Key Players of the Market

The key soft goods companies are Anker, Botany Weaving Mill Ltd., Desso Group, E-Leather Ltd., Haeco, Lantal Textile AG, Mohawk Group, and Tapis Corporation. The key aircraft OEMs & Airlines are Boeing, Airbus, Bombardier, ATR, Embraer, COMAC, Irkut, Sukhoi, Air Canada, British Airways, and United Airlines.