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Doubling of Commercial Aircraft Fleet by 2020 to Give Wing to the Aircraft Cabin Interiors Market Observes Frost & Sullivan - Higher costs of fuel stoke unprecedented growth in the aircraft cabin interiors market - Aerospace.Frost.com
Doubling of Commercial Aircraft Fleet by 2020 to Give Wing to the Aircraft Cabin Interiors Market Observes Frost & Sullivan

 

NewswireToday - /newswire/ - London, United Kingdom, 2012/02/16 - Higher costs of fuel stoke unprecedented growth in the aircraft cabin interiors market - Aerospace.Frost.com.

   
 
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After emerging from the global economic downturn, the airlines industry is dusting the cobwebs off and restructuring their operating fleet with new aircraft purchases and retrofit programs. This aggressive expansion strategy has opened up a plethora of opportunities for the commercial aircraft cabin interior market.

New analysis from Frost & Sullivan (aerospace.frost.com), Global Commercial Aviation Cabin Interiors Market Assessment, finds that the market earned revenues of $4.48 billion in 2010 and estimates this to amount to $10.28 billion by 2020. Between 2011 and 2017, the market is likely to grow at a compound annual growth rate (CAGR) of 8.6 per cent.

With the number of commercial aircraft expected to double by 2020, both the forward fits and retrofit markets for aircraft cabin interior products will skyrocket.

The biggest contributors to the overall market will be Asia Pacific, China, India and the Middle East, which are expected to account for 44.2 per cent of total market revenues by 2020. These regions have already generated substantial orders for new aircraft, and the C919 program has further intensified cabin interiors manufacturers' focus on this region.

Apart from fleet expansion, cabin interior manufacturers can also take heart from the rise in fuel prices, which is spawning demand for lighter cabin interiors.

"High fuel costs and new environmental fees are escalating the demand for lighter and space-saving interiors, to cut fuel consumption and carbon emissions per passenger," says Frost & Sullivan Industry Analyst Monika Trappmann. "Airlines are hoping to achieve operational cost savings and long-term profits through lighter cabins."

These savings will persuade airlines to do away with capacity cuts to stay profitable. In fact, the new interiors could increase capacity and passenger comfort. Participants stand to gain considerable market share if their products' lightweight feature is combined with high levels of reliability and after-sale support for airlines.

"The growing demand for cabin customisation and increased passenger comfort is a huge boost to the retrofit market," notes Trappmann. "Airlines are willing to invest significantly to change their aircraft's interiors for a customised appearance, and particularly to provide their business and first-class passengers with additional comfort."

If you are interested in more information on this study, please send an email with your contact details to Joanna Lewandowska, Corporate Communications, at joanna.lewandowska[.]frost.com.

Global Commercial Aviation Cabin Interiors Market Assessment is part of the Aerospace Growth Partnership Services program, which also includes research in the following markets: Economic 360 for China: Growth Prospects and Emerging Opportunities in the Aerospace Industry, Strategic Analysis of Indian Aircraft Component Manufacturing and Services Industry and Analysis of the Commercial Flight Training and Simulation Market. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents. To join our Growth Partnership, please visit frost.com.

Global Commercial Aviation Cabin Interiors Market Assessment / M3AB - 22

 
 
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Doubling of Commercial Aircraft Fleet by 2020 to Give Wing to the Aircraft Cabin Interiors Market Observes Frost & Sullivan

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Publisher Contact: Joanna Lewandowska 
+48 22 481 62 20 joanna.lewandowska[.]frost.com
 
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