Middle East and Africa Aircraft Seating Market Outlook 2031
The Middle East and Africa Aircraft Seating Market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 5% during the forecast period, 2023–2031. The growth of the market is attributed to the rising number of air passenger traffic.
Airlines in the region are planning fleet expansion owing to increase in the air traffic. This, in turn, have provided lucrative opportunities for industry players in the market. To enhance the passenger experience and maximize their profit, aircraft operators are incorporating lightweight material seats, with features, such as inflight power supply. Thus, such innovation is expected to open numerous market opportunities for the market in the coming years.
Middle East and Africa Aircraft Seating Market Drivers, Restraints, Trends, and Opportunities
- Rising disposable income is driving the growth of the market.
- The COVID-19 pandemic resulted in restriction on travel tourism across the globe, which hampered the growth of the market. However, the market is expected to recover by end of 2021.
- Growing number of low-fare airline operators is expected to propel the market growth.
Scope of Middle East and Africa Aircraft Seating Market Report
The report on the Middle East and Africa Aircraft Seating Market includes an assessment of the market, trends, segments and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Aircraft Seating Market - Middle East and Africa Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Aircraft Types (Wide-body Aircraft, Narrow-body Aircraft, and Regional Aircraft), Fit (Line-fit and Retrofit), Seat Types (Economy and Premium Economy Class, Business Class, and First Class)
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Geography
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UAE, Saudi Arabia, South Africa, Turkey, and Rest of Middle East and Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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STELIA Aerospace (Airbus SE), RECARO Holding GmbH, Hong Kong Aircraft Engineering Company Limited (HAECO), Collins Aerospace (Raytheon Technologies Corporation), and Safran SA
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Middle East and Africa Aircraft Seating Market Segment Insights
Narrow-body aircraft segment to hold a major market share
Based on aircraft types, the market is segregated as wide-body aircraft, narrow-body aircraft, and regional aircraft. The narrow-body aircraft segment is anticipated to hold a major market share during the forecast period. This growth is due to the increasing demand for narrow-body aircrafts from major LCC and FSC airlines, such as Qatar Airways and Air Arabia.
As a part of the global expansion plan, Air Arabia placed an order worth USD 14 billion for 120 A320 aircraft. This order included the requirement for 70 A320neo and 50 A321 XLR and A321 Neo. The new aircrafts are scheduled to arrive by 2024, and they may be used for the expansion of the airline’s network to new destinations.
The airlines in collaboration with Etihad Airlines, announced its plans to launch a joint venture company to tap into the growing demand for budget travel in the UAE. Qatar Airlines has also ordered 45 to 50 narrow-body aircraft. Increasing demand for new narrow-body aircrafts is anticipated to drive the market segment.
Retrofit segment to account a significant market share
Based on fit, the market is divided as line-fit and retrofit. The retrofit segment is projected to account for a significant market share during the forecast period. The market growth is owing to the rising demand for retrofit seating in the aircrafts.
The retro seating is more preferred by airline companies owing to the enhanced comfort it offers to passengers. The expansion of new aircraft seat manufacturers into the retrofit segment is also anticipated to propel the market growth in the coming years.
Economy and premium economy class segment to grow at a rapid pace
Based on seat types, the market is classified as economy and premium economy class, business class, and first class. The economy and premium economy class segment is projected to grow at a rapid pace during the forecast period. Rising demand for economy and premium economy class seats in aircrafts by airplane manufacturing companies, as they occupy the major portion of the seating in aircrafts is propelling the market segment.
UAE to dominate the market
Based on geographies, the market is divided into UAE, Saudi Arabia, South Africa, Turkey, and Rest of Middle East and Africa. United Arab Emirates is expected to dominate the aircraft seating market during the forecast period.
Increasing demand for aircraft seating is attributed to the growing procurement of new aircrafts, which is due to the rising air passenger traffic. Increasing demand for soft and comfortable seating for all the classes in an aircraft is encouraging the airlines in the region to replace their existing seats with new seats.
Segments
The Middle East & Africa seating market has been segmented on the basis of:
Aircraft Types
- Wide-body Aircraft
- Narrow-body Aircraft
- Regional Aircraft
Fit
Seat Types
- Economy
- Premium Economy Class
- Business Class
- First Class
Geographies
- UAE
- Saudi Arabia
- South Africa
- Turkey
- Rest of Middle East and Africa
Key Players
Competitive Landscape
Some of the prominent players in the market are STELIA Aerospace (Airbus SE), RECARO Holding GmbH, Hong Kong Aircraft Engineering Company Limited (HAECO), Collins Aerospace (Raytheon Technologies Corporation), and Safran SA
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