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

The aircraft carpets market is expected to grow from US$ 386.46 million in 2022 to US$ 652.38 million by 2031; it is estimated to grow at a CAGR of 7.1% from 2022 to 2031.

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 2031" 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.

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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.

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 2021, 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:

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 2021, 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 2021. 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 2021, as compared to the values in 2021. ICAO also estimated that, by the end of 2021, 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 2021, 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.

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.

Report Scope

Aircraft Carpets Market Regional Insights

The regional trends and factors influencing the Aircraft Carpets Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Aircraft Carpets Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Aircraft Carpets Market Report Scope

Aircraft Carpets Market Players Density: Understanding Its Impact on Business Dynamics

The Aircraft Carpets Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Aircraft Carpets Market are:

1. SCS Interiors
2. B.I.C. Carpets
3. Lantal Textiles AG
4. Spectra Interior Products
5. Industrial Neotex SA

Disclaimer: The companies listed above are not ranked in any particular order.