Soft goods are employed in aircraft to provide an aesthetic appearance to aircraft interiors and assist airlines in improving the level of comfort along with upgraded noise absorption and damping of aircraft vibration. The aircraft soft goods market has a disruptive journey over recent years. For case in point, natural leathers, one of the broadly used seating materials, are significantly being replaced with synthetic leathers. All the prominent players are working closely with the aircraft OEMs for developing advanced lightweight interior systems that offer excellent aesthetics and aid in enhancing the overall customer’s experience. According to the study published by Insure Insights, the global aircraft soft good market is anticipated to grow at a CAGR of 3.6% during the forecast period.
Top Driver: Expanding Aviation Industry and Stipulation of Guidelines Concerning the Manufacture of Commercial Aircraft
The global aircraft soft material market is anticipated to witness significant growth during the forecast period owing to the expanding aviation industry. The growing demand for luxurious services in the aviation industry and the airline industry’s focus on enhancing hospitality are expected to boost the market. Furthermore, the obligation to satisfy travelers is essential for retaining the consumer base for airlines, which has also fueled the demand for aircraft soft goods market. It is anticipated that the stipulation of guidelines concerning the manufacture of commercial aircraft would give an impetus to the growth of the global market for aircraft soft goods.
Seat Covers Segment is Expected to Contribute for the Growth of the Global Aircraft Soft Goods Market
On the basis of product, the market is segmented into Carpets, Seat Covers, Curtains, Others. Seat Covers segment is expected to the anticipate the market growth owing to the rising demand for aesthetics, comfortable seats and lightweight seats. On the basis of aircraft, the market is segmented into Commercial Aircraft, Regional Jet, Business Jet, Helicopter. The commercial aircraft segment is expected to drive the market widely in the forecast period. On the basis of distribution channel, the market is segmented into OEM, Aftermarket.
Rising Commercial Aviation to Benefit North America Market
North America is anticipated to gain the highest revenue shares in the aircraft soft goods market owing to the dominant presence of airplane constructors in the region. The increase in the production capacity of well-established aircraft such as Bombardier and Boeing will drive the industry growth over the forecast period. Additionally, Asia Pacific is expected to dominate the growth in Aircraft Soft Goods Market. This can be credited to increasing the commercial aviation industry and surging in refurbishment activities in old airplanes.
Players to Focus on Aircraft Soft Goods Market
The global market is expected to stay fragmented with the increase in the number of new entrants in the coming years. Aerofloor Limited, Aerofoam Industries, Aircraft Interior Products Inc., Botany Weaving Mill Ltd., Desso Aviation, E-Leather Ltd., Fellfab Limited, F/list, Hong Kong Aircraft Engineering Company Limited (HAECO), InTech Aerospace, LLC, Lantal Textiles AG, MOHAWK Carpet LLC, RAMM Aerospace, Spectra Interior Products, Tapis Corporation, and Anker among others could be at the forefront of the competition in the global market.
Custom Products, Inc.: In 2018, Fellfab Corporation had announced that it had merged with Custom Products, Inc. to enhance their market share. Similarly, Aerofloor Limited introduced a new sheepskin range that regulates body temperature and provides comfort in long flights, is a good example for product innovation.
FELLFAB: In August 2017, the Company announced today the launch of its brand new website. The website has been completely redesigned to offer its visitors a comprehensive insight into the makeup, capabilities, products and services FELLFAB has to offer.
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