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Aircraft Soft Goods Market 2020: Insights and Forecast Research Report 2026

Author : Rahul Varpe | Published Date : 2020-09-02 

With the aviation industry slowly picking up steam as countries ease travel restrictions set in place to stop coronavirus, the aircraft soft goods market is slated to record tremendous gains over the coming years. Additionally, the projected luxury travel is expected to further compliment industry outlook.

According to Amadeus, affluent consumers across the global are increasingly becoming more rich, which is augmenting a rising trend of disposable incomes being invested into material goods and experiences. As more people seek out new life experiences, the travel and tourism sector is projected to start recording positive growth as it overcomes the ongoing slump.

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The International Air Transport Association (IATA) anticipates that more than 7.2 billion people are expected to travel by air in 2035, nearly double that of the 3.8 billion passengers recorded in 2016. Aircraft soft goods are materials that are used in aircraft interiors to give them a better aesthetic appeal. As passenger numbers grow, the demand for new aircrafts and maintenance of existing fleets is projected to create more demand for these materials, fueling aircraft soft goods market growth.

The overall aircraft soft goods market is divided into different segments based on aircraft, product, material, distribution channel, and regional landscape.

In case of aircraft, the market landscape is classified into commercial, regional, business, and helicopter. Among these, the helicopters segment will account for least share of the global industry owing to low product penetration. However, increasing demand for VIP customized helicopter influences the soft goods market for creating cabin interiors with maximum comfort and safety.

Seeing the opportunity, many industry players are looking to carve out a bigger chunk of this emerging market. In 2017, Airbus unveiled the Airbus Corporate Helicopters (ACH), an effort launched by the company's helicopter arm to collect luxury iterations of its range of helicopters under a single brand.

With respect to products, the market is divided into carpets, seat covers, curtains, and others. Among these, the others segment is expected to register tremendous gains in coming years. The other segment comprises of flooring fabric, and seat fabric among others. The segment will grow at around 3.5% rate throughout the study time period. Increasing need for improving flooring area and cabin aesthetics will enhance product demand.

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In case of material, the market is divided into wool/nylon blend fabric, natural rubber, synthetic rubber, and polyester fabric. Polyester fabric segment will have substantial growth rate over projection time period. This will be due to key product features of excellent chemical resistance and high durability.

From a regional perspective, Latin America will witness steady growth with increasing number of airline operators along with low presence of aircraft manufacturers in the region. The MEA region will also witness significant growth with increasing MRO activities.

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. [email protected] | https://twitter.com/varperahul

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