Middle-East and Africa Aircraft Seating Market: Key Facts, Dynamics, Segments and Forecast Predictions Presented and Forecast: 2022-2031

Japan, Japan, Fri, 08 Apr 2022 06:17:00 / Comserve Inc. / -- The Middle-East and Africa aircraft seating market is anticipated to register a CAGR of over 5% during the forecast period.

The Middle-East and Africa aircraft seating market is anticipated to register a CAGR of over 5% during the forecast period.

- The growing number of air passenger traffic is a major factor driving the market. Due to the demand generated by this growing traffic, the airlines in the region are planning fleet expansion initiatives, thereby generating the demand for aircraft seating market during the forecast period.
- To enhance the passenger experience as well as maximise their profit, the aircraft operators are incorporating new lightweight materials seats with features like inflight power supply. Such innovative product linesare anticipated to open new market opportunities for the market in the coming years.

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Key Market Trends

The Narrow-body Aircraft Segment has the Highest Share in 2019

The narrow-body aircraft segment currently has the highest share and is anticipated to have the highest growth during the forecast period. This growth is due to the increasing demand for narrow-body aircraft the major LCCs and FSCs airlines like Qatar Airways and Air Arabia among others. As a part of the global expansion plan, in November 2019, Air Arabia placed a USD 14 billion order for 120 A320 aircraft family. This order includes the procurement of 70 A320neo and remaining 50 aircraft are A321XLR and A321neo aircraft. The new aircraft are scheduled to be delivered from 2024 and will be used for expansion of the airline to new destinations planned to be launched in the coming future. Also, the airline in collaboration with Etihad Airlines announced to launch a joint venture company (a low-cost carrier) to tap into the growing demand for budget travel in UAE. Also, Qatar Airlines have about 50 narrow-body aircraft on order, which are planned to begin during the forecast period. The increasing orders of new narrow-body aircraft are anticipated to generate demand for new narrow-body seats during the forecast period

The United Arab Emirates is Expected to Dominate the Market During the Forecast Period

Currently, the United Arab Emirates is dominating the market and it will continue its dominance during the forecast period. The increase in demand for the market is attributed to the increase in procurement of new aircraft owing to the increasing number of air passenger traffic. With the introduction of soft and comfortable seating for all the classes of aircraft are making the airlines in the region replace their existing seats with new seating product portfolios. For instance, in April 2019, RECARO Holding Gmbh was opted by Middle-East Airlines for their cabin seats. The full cabin of A321NEO fleet to be equipped with RECARO seats; CL5710 electrical business class seat and CL3710 the best in the economy class seat. The expansion of new aircraft seat manufacturers into the retrofit market of UAE is anticipated to propel the country's growth in the coming years.

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Competitive Landscape

Some of the prominent players in the market are STELIA Aerospace (Airbus SE), RECARO Holding Gmbh, Safran SA, Collins Aerospace (Raytheon Technologies Corporation), and Hong Kong Aircraft Engineering Company Limited (HAECO). Majority of the major seat manufactures in the region are the line fit seat suppliers to major aircraft programs of OEMs like Airbus and Boeing. For instance, in April 2019, Airbus and RECARO Holding announced the extension of their contract for the exclusive delivery of SFE (supplier-furnished-equipment) seats for A320 family aircraft. In addition to this introduction of new seats, models are anticipated to generate demand from the airlines. In April 2019, Safran SA has revealed VERSA, which is a new enhanced generation of herringbone, state-of-the-art long-haul business class seat. Such innovations and retrofit contracts from the aircraft operators in the region are anticipated to support the growth of companies in the future.

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