The sold production of seats for aircraft in the UK experienced fluctuations over the years, with notable growth and some declines. From 2013 to 2023, the market grew from 936.34 million Euros to 1630.4 million Euros. The year-on-year variation showed significant peaks and troughs, reflecting market volatility. Particularly noteworthy are the declines in 2016 and 2017 and the subsequent recovery, especially with strong growth in 2018 and 2019.
The last five years (2018-2023) showed an average yearly growth (CAGR) of 5.44%. There was a minor dip during the pandemic in 2020, but the market showed resilience with recovery and growth in subsequent years. From 2023 onwards, projections indicate continued growth, reaching 1900.0 million Euros by 2028, translating to a 5-year CAGR of 2.46%, with an overall growth of 12.92%.
Future trends to watch for include:
- Technological advancements in aircraft seating materials and design.
- Rising passenger expectations for comfort and customization.
- Potential impacts of regulatory changes on production standards.
- Influence of broader economic conditions and the aviation industry's recovery post-pandemic.