May 31, 2019   SOURCE: BusinessWire

Global Commercial Aircraft Overhead Stowage Bins Market Analysis 2019-2023 - Key Players are Airbus, FACC, Safran, The Boeing Co, and United Technologies Corp - ResearchAndMarkets.com

The "Global Commercial Aircraft Overhead Stowage Bins Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The commercial aircraft overhead stowage bins market will register a CAGR of over 4% by 2023.

The increased procurement of new-generation aircraft is one of the key factors anticipated to trigger market growth during the forecast period.

With the growing air passenger traffic, the airline operators require to procure new aircraft for catering to the increased demand. Therefore, several aircraft OEMs have initiated the revamping of their existing production facilities to ensure the scheduled deliveries.

The modification would include the installation of new seats, lighting systems, and enlarged stowage bins for delivering premium service to passengers. Hence, the procurement of new aircraft will drive the growth of the market during the forecast period.

Advancements in bin design

The development of products such as light-emitting diode (LED) strip with long operating lifecycle and use of innovative technologies for streamlining the operations of airlines (with regard to weight savings and maximum strength-to-weight ratio) is expected to drive the market during the forecast period.

Sourcing risks associated with the aviation industry

The occurrence of similar situations is expected to widen the gap between supply and demand, resulting in an increase in the cost of cabin modernization and refurbishment on account of the limited availability of and price fluctuations in aircraft cabin-specific components, including overhead stowage bins.

Competitive Landscape

The market appears to be fragmented. The aircraft manufacturing industry has been witnessing strategic partnerships among major firms to meet the growing demand for aftermarket services.

This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.

Key Players

  • Airbus SE
  • FACC AG
  • Safran S.A.
  • The Boeing Co.
  • United Technologies Corp.

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: CUSTOMER LANDSCAPE

PART 07: GEOGRAPHIC LANDSCAPE

  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 08: MARKET SEGMENTATION BY AIRCRAFT TYPE

  • Comparison by aircraft type
  • Narrowbody - Market size and forecast 2018-2023
  • Widebody - Market size and forecast 2018-2023
  • Regional aircraft - Market size and forecast 2018-2023
  • Market opportunity by aircraft type

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

PART 11: MARKET TRENDS

  • Introduction of baggage fee
  • Emergence of smart luggage bins
  • Diversification of OEMs into aftermarket

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Airbus SE
  • FACC AG
  • Safran S.A.
  • The Boeing Co.
  • United Technologies Corp.

For more information about this report visit https://www.researchandmarkets.com/r/2fi0tu