Europe Commercial Aircraft Cabin Interior Market - Growth, Trends and Forecasts (2018-2023)
The Europe Commercial Aircraft Cabin Interior Market is expected to grow at a CAGR of 3.92% and grow to a market size of $ X.XX billion by the year 2020. European Aviation Market will register the slowest rate of growth amongst all the regions till 2020. The major reason for the slow growth would be the saturated market and tough economic conditions in the region. Low cost carriers with minimal facilities will register the strongest growth in this region, which will be a deterrent to the market. These carriers spend minimal amounts on the cabin interior, and the average amount spent per aircraft varies greatly in comparison to the full service carriers.
But the region boasts of a large fleet of aircraft, which means that there will be considerable replacement demand for aircraft going into the future. It is projected that close to 3/5th of the new aircraft sold in the region will be due to replacement demand and this will be a major driver for the aircraft cabin interior market in the region.
Low fuel prices have led to increased profits for airlines, but fuel constitutes the biggest expense of a carrier. Carriers in the region are expected to go in for lighter weight entertainment systems and aircraft seats, which will give a boost to the retro fit market. Single Aisle aircraft will constitute the bulk of sales in the region; the products and systems catering to these types of aircraft will register the highest growth.
France, Romania, Poland, Russia are expected to be some of the fastest growing countries in the Europe aircraft cabin interior market. Magna, Diehl Aerosystems, Thales are some of the major players in the market. The Europe commercial aircraft cabin interior market has been segmented by product type (Seats, Passenger Instrument Cluster, inflight entertainment systems cabin lighting and others), by aircraft class (Economy Class, Business Class, First Class, Others), by fit (Line Fit and Retro Fit), and by geography (United Kingdom, France, Russia, Germany and others).
What the report offers
Market analysis for the Europe Commercial Aircraft Cabin Interior Market specific assessments and competition analysis on global and regional scales
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the Europe Commercial Aircraft Cabin Interior Market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries in which this industry is blooming and to also identify the regions that are still untapped