November 02, 2021
According to the report titled ‘Aircraft Soft Goods Market Size By Aircraft (Commercial, Regional, Business, Helicopters), By Product (Carpets, Seat Covers, Curtains), By Material (Wool/Nylon Blend Fabric, Natural Leather, Synthetic Leather, Polyester Fabric), By Distribution Channel (OEM, Aftermarket), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with MarketStudyReport, global aircraft soft goods market is projected to amass lucrative returns during the forecast period 2020-2026.
Surging disposable incomes, ease of travel restrictions post the Covid-19 pandemic, and preference for luxury travel are the factors driving growth of global aircraft soft goods market. To that end, Amadeus IT Group S.A. stated that affluent consumers around the world are inclining towards material goods and new experiences.
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For the unversed, aircraft soft goods are materials used in aircraft interiors to improve their aesthetic appeal. As passenger density increases, the demand for new aircrafts and maintenance of existing fleets is bound to grow, fueling the business outlook.
Based on aircraft type, the helicopter segment is likely to gain modest traction during the projected timeline, due to considerable product penetration. Rising demand for VIP customized helicopters will bolster the sales of soft goods to create cabin interiors that are both comfortable and safe.
In terms of product terrain, the others (seat fabric, floor fabric, etc.) segment of worldwide aircraft soft goods market is estimated to have a 3.5% CAGR throughout the study period, owing to increasing focus on improving flooring area and cabin aesthetics.
Concerning material ambit, the polyester fabric segment is poised to grow substantially over the study period, due to key material features like excellent chemical resistance and high durability.
From a regional perspective, Latin America market is anticipated to witness steady growth during the estimated timeframe, due to increasing number of airline operators, along with presence of aircraft manufacturers in the region.
The competitive landscape of global aircraft soft goods market includes top players like Anker Innovations, Hong Kong Aircraft Engineering Company Limited (HAECO), Aerofloor Limited, Fellfab Limited, Aerofoam Industries Inc., Lantal Textiles Inc., Mohawk Carpet LLC, E-Leather Ltd., Spectra Interior Products Inc., Aircraft Interior Products Inc., Intech Aerospace LLC, Botany Weaving Mill Ltd., Tapis Corporation, Desso Aviation, RAMM Aerospace, and F/List GmbH among others.