Aircraft Carpets Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Aircraft Carpets Market covers analysis by Material Type (Nylon, Wool, Polyamide, and Others), Application (Commercial Aircraft, Defense/Military Aircraft, Helicopters, and Others), and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Mar 2024

  • Report Code : TIPRE00013028
  • Category : Chemicals and Materials
  • Status : Upcoming
  • No. of Pages : 150
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The aircraft carpets market is expected to grow from US$ 386.46 million in 2022 to US$ 652.38 million by 2028; it is estimated to grow at a CAGR of 7.1% from 2022 to 2028.

Aircraft carpet is an aircraft floor covering made of textile material. Its upper layer consists of pile attached to the backing. The rising demand for aircraft carpets is attributed to its properties of noise and vibration resistance. Moreover, surging demand for lightweight aircraft carpets is projected to fuel the aircraft carpets market growth in the coming years.   

MARKET DYNAMICS

In recent years, the modernization and expansion of airlines have increased aircraft demand. The global demand for domestic flights has increased compared to the demand for international flights. Therefore, the demand for narrow-body aircraft is rising. Moreover, commercial aircraft manufacturers are developing efficient and sophisticated subsystems and advanced technologies. These factors encourage the manufacturers to innovate distinct carpets for aircraft floors. For instance, Tarkett (Desso) has developed self-adhesive and lightweight carpet, with 40% reduced weight compared to the market standards. The self-adhesive carpet eliminates the need for tape and enables efficient installation. Tarkett developed self-adhesive carpet for Boeing 787 Dreamliner, thus making it approved supplier of Boeing aircraft. Therefore, increase in aircraft and ownership of private jet is anticipated to increase the demand for aircraft carpets in the coming years.

MARKET SCOPE

The "Global Aircraft Carpets Market Forecast to 2028" report aims to provide an overview of the aircraft carpets market with detailed market segmentation by material type, and application. It provides key statistics based on the performance of leading market players and offers major trends and opportunities in the market.

Strategic Insights

MARKET SEGMENTATION

The global aircraft carpets market is bifurcated on the basis of material type and application. Based on material type, the market is segmented into nylon, wool, polyamide, and others. Based on application, the market is segmented into commercial aircraft, defense/military aircraft, helicopters, and others.


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REGIONAL FRAMEWORK

The global aircraft carpets market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. The report covers an analysis and forecast of 18 countries across the world along with trends and opportunities prevailing in these regions.

Asia Pacific dominated the aircraft carpets market in 2021. Asia Pacific has the highest air passengers than other regions, due to the presence of densely populated and emerging economies such as China and India. For instance, in 2020, the aviation industry in China was on the verge of recovering, driven especially by domestic traffic. The strong growth of the market in the region is due to rising demand for aircraft carpets in the region. There is a high demand for different types of aircraft carpets owing to rising sales of private jets and luxury travel by airways. The below figure showcases the revenue growth trend in the aircraft carpets market:

Aircraft Carpets Market

Source: The Insight Partners Analysis

The report analyzes the factors, such as drivers, restraints, opportunities, and future trends, that impact the aircraft carpets market. It also provides an exhaustive Porter's five forces analysis of the factors influencing the market in these regions.

IMPACT OF COVID-19 PANDEMIC

The COVID-19 pandemic had a negative impact on the overall aircraft carpets market. The pandemic hindered air passenger traffic in 2020, decreasing flight activities. The imposition of lockdown temporarily discontinued various manufacturing activities, restricting the supply, which restrained the aircraft carpets market. In addition, the transportation of raw materials experienced difficulties due to travel restrictions, which adversely impacted the global economy.

COVID-19 pandemic led to financial devastation throughout aviation value chain, especially airlines. According to the International Civil Aviation Organization (ICAO), the Revenue Passenger Kilometres (RPKs) flown worldwide for airlines decreased by 94%, in 2019. International RPKs were down 98%, as the passenger flights reduced. The volumes of domestic and international traffic were expected to decrease by 50.4% for 2020, as compared to the values in 2019. ICAO also estimated that, by the end of 2020, the COVID-19 pandemic led to reduced scheduled international passenger traffic by 71% of seat capacity and reduction of up to 1.5 billion passengers across the world. The reduced passenger and private flights reduced the demand for aircraft carpets.

In 2020, the three main government-owned airlines namely, China Southern Airlines, China Eastern Airlines and Air China cancelled the delivery of more than 100 aircraft from Boeing and Airbus. Moreover, the passenger traffic in India has recovered at optimum rate due to the huge domestic demand and the rising tourism sector.

In 2021, the marketplace witnessed growth as governments of various countries announced relaxation in several restrictions, including lockdowns. The manufacturers resumed their operations at full capacity, which helped them in bridging the demand and supply gap. Many manufacturers expanded their production capacities to meet the rising demand for aircraft carpets.

World Geography

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MARKET PLAYERS

Various companies in the aircraft carpets market are focusing on organic growth strategies, such as product launches, product approvals, patents, and events. Acquisitions, partnerships, and collaborations are among the inorganic growth strategic activities witnessed in the market. These activities have paved the way for business expansion and the customer base of market players. Market players are anticipated to experience lucrative growth opportunities in the coming years due to the rising demand for aircraft carpets.

The report includes key company profiles operating in the aircraft carpets market, along with their SWOT analysis and market strategies. It also focuses on leading industry players’ information, such as company profiles, components and services offered, financial information of the last three years, and key development in the past five years.

Key Companies Operating in Aircraft Carpets Market

  • SCS Interiors
  • B.I.C. Carpets
  • Lantal Textiles AG
  • Spectra Interior Products
  • Industrial Neotex SA
  • Aircraft Interior Products Inc.
  • Tarkett
  • Botany Weaving
  • Luxia Innovation
  • Vandana Carpets

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.

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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Material Type, Application, and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

The List of Companies

  • SCS Interiors
  • B.I.C. Carpets
  • Lantal Textiles AG
  • Spectra Interior Products
  • Industrial Neotex SA
  • Aircraft Interior Products Inc.
  • Tarkett
  • Botany Weaving
  • Luxia Innovation
  • Vandana Carpets

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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