HOME › Research Insight › Contracts and Agreements are among the Key Strategies Adopted by Leading Market Players to Catalyze Their Growth in the Global Aircraft Seating Market
Contracts and Agreements are among the Key Strategies Adopted by Leading Market Players to Catalyze Their Growth in the Global Aircraft Seating Market
In 2016, the global aircraft seating market was dominated by B/E Aerospace (U.S.), Zodiac Aerospace (France), and Recaro Aircraft Seating GmbH & Co. KG (Germany), among others. B/E Aerospace is a key aircraft seat manufacturer that holds more than 30% share in the aircraft seating market and is expected to continue its dominance till 2021. Contracts, agreements, expansions are among the most important strategies adopted by the leading market players to strengthen and sustain their positions in the global aircraft seating market.
B/E Aerospace has a diversified business and is involved in the development and manufacture of various types of seats. It offers a comprehensive, broad range of products, including aircraft cabin seating, lighting & engineering solutions, oxygen systems, food and beverage preparation and storage equipment, galley systems, water and waste systems, and advanced lavatory systems. The company not only has a strong product portfolio but also focuses on new agreements, partnerships, and contracts to increase its product offerings and market share. In 2016, the company has entered into a definitive agreement with a major international airline to outfit its new-buy Boeing 777 aircraft with proprietary high-end super first class suites. The agreement is valued at approximately USD 190 million. Initial deliveries are expected to begin by late 2017. The company also acquired EMTEQ, Inc., a provider of aircraft interior and exterior lighting systems, as well as aircraft cabin management and power systems to expand its aircraft seat capabilities. In 2016, the company dominated the global aircraft seating market with a 32% market share.
Zodiac Aerospace (France) focuses majorly on R&D activities, which involve applied research, new product & systems development, and concept studies. Its investments in R&D remain a priority for the company. With a lavish product portfolio, the company focuses on forging partnerships with various other companies across regions to represent, promote, and include its products in their respective portfolios. In addition, the company consistently develops and designs new products for end-users. It manufactures and provides the most advanced solutions to improve comfort and life on board aircraft and the high-tech systems that enhance aircraft performance and flight safety.
Other companies with prominent contributions to the global aircraft seating market include Recaro Aircraft Seating GmbH & Co. KG (Germany), Diehl Aerosystems Holding GmbH (Germany), Honeywell International, Inc. (U.S.), and Panasonic Corporation (Japan) among others. These companies are focusing on strategies, such as contracts and agreements, to strengthen their competitive positions in the global aircraft seating market, with special focus on the emerging markets of the world.
Aircraft Seating Market by Aircraft Type (NBA, WBA, VLA, and RTA), Seat Class (First, Business, Premium Economy, and Economy), Component (Seat Actuators, Foam & Fittings), Fit (Line-Fit, And Retrofit) and Region - Forecast to 2021
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