The report “North America Commercial Aviation Aircraft Seating Market by Aircraft Type (NBA, WBA, VLA, BGA), by Seat Type (Suite, First, Business, Premium Economy, Economy), by Fit (Line Fit, Retro Fit) - Analysis And Forecast (2014-2019)”, defines and segments the North America Commercial Aviation Aircraft Seating Market and forecasts the market size, by value and volume. the North America commercial aviation aircraft seating market was valued at $3,038.6 million in 2014 and is projected to reach $3,546.8 million by the end of 2019 at a CAGR of 3.1% during the forecast period.
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The recovery of the aviation sector from 2007 to 2008 from the global economic crisis has helped the commercial aircraft manufacturers garner new orders. The manufacturers are increasing their aircraft production capacity along with innovative aircraft that is aimed at fuel efficiency.The industry is witnessing new entrants from emerging economies in the narrow body segment. These in turn act as a boon for the aircraft component manufacturers.
An increase in orders for the existing models and new models are expected to enter the market. The global commercial aviation aircraft seating industry is expected to grow at a CAGR of 5.7% from 2014 to 2019.The airlines are currently trying to tackle a major challenge-the rising fuel prices, which have forced the airlines to enhance their passenger carrying capacity in their seating configurations. There has been immense research and development in the areas of slimmer and lighter seats.
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The North American commercial aviation aircraft seating market is currently valued at $3,038.6 million. The market is expected to grow in tandem with growth in the aviation sector.Existing delivery backlogs, rising demand for aircraft in the region, new aircraft models, and emerging aircraft manufacturers are the key drivers for the commercial aircraft seating manufacturing industry.
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