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The objective of the Aircraft Soft Goods Market report is to offer updated information such as the market share, size, trends, emerging markets, earnings, forecasts, and data on leading industry players. This study includes significant and vital information necessary for strategic decision making and have a competitive edge.
In view with the current pandemic analysts at Stratview Research has thoroughly analyzed and presented the following parameters under the detailed Covid – 19 impact analysis in the Aircraft Soft Goods Market.
Market Insights – The Aircraft Soft Goods Market is projected to grow from USD 6.36 billion in 2022 to USD 8.69 billion by 2028 at a CAGR of over 5.3% during the forecast period.
Few key players operating in the Aircraft Soft Goods Market are-
Anker,
Botany Weaving Mill Ltd.,
Desso Group,
E-Leather Ltd.,
Haeco,
Lantal Textile AG,
Mohawk Group,
Tapis Corporation.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Aircraft Soft Goods Market value and growth drivers over the trend period of 2019-24. According to the report -
The global aircraft soft goods market is projected to grow at a healthy rate over the next five years to reach US$ 837.8 million in 2024. An organic growth of the aircraft industry is the major driver of the sustainable demand for lightweight material in the aircraft industry. Boeing and Airbus had a combined total order backlog of 13,048 commercial aircraft as of 31st December 2018. These huge pile of order backlogs of commercial aircraft will allow both airframers to roll out their aircraft continuously for the next nine years at current build rates. However, they have strategically been raising the production rates of their key commercial aircraft programs in order to deliver aircraft to their widespread clients at a shorter period of time. Also, they have been introducing fuel-efficient variants of their best-selling aircraft programs with the purpose to address the biggest requirement of the airline industry, which is the fuel-efficient aircraft. This is likely to engender a greater demand for soft goods in the OE segment in the foreseeable future.
Segment Analysis:
Based on Aircraft Type:
The global 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 Region:
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.
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Critical Questions Answered in the Report
l What are the key trends in the global Aircraft Soft Goods Market?
l How the Aircraft Soft Goods Market (and its various sub-segments) has grown in the last five years?
l What would be the growth driver and growth rate in next five years?
l What is the impact of COVID-19 on the Aircraft Soft Goods Market?
l What are the key strategies adopted by the major vendors to lead in the Aircraft Soft Goods Market?
l What is the market share of the key players?
Target Audience
The following is a list of the customers that the Aircraft Soft Goods Market aims to convert the most:
l Manufacturing Organizations
l Distributors & Suppliers
l Potential Investors
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