Aircraft Lavatory System Market size worth over $390mn by 2027
Published Date: May 26, 2021 Authors: Kiran Pulidindi, Akshay Prakash
Aircraft Lavatory System Market Size is set to surpass USD 390 million by 2027, according to a new research report by Global Market Insights, Inc.
Shifting passenger preference towards comfortable and hygienic lavatory solutions will primarily drive the market growth during the forecast timeframe. Incorporation of germicidal UV lighting, anti-bacterial coatings and other advance lavatory equipment that certifies better health, hygiene & safety for passenger is another key growth enabling factor in the industry. Further, developments in the penetration of innovative technologies such as touchless faucet and advanced flushing solutions with emphasis on limited water consumption will thereby boost product penetration in the sector over the coming years.
Increasing production of aircrafts attributed to rise in air passenger traffic and replacement of older aircraft fleet will further enhance the market expansion. For instance, in June 2020, China Express Airlines signed a strategic agreement with the Commercial Aircraft Corporation of China (COMAC) to deliver a total of 100 C919 and ARJ21 passenger aircraft by 2025. Additionally, growing adoption of additive manufacturing owing to reduce cost of complex tool productions will augment the industry penetration during the forecast period. This is because the additive technology including 3D printing enables 66% faster, 75% lighter and 50% cost effective production as compared to traditional manufacturing methods.
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Business jet is projected to witness 5.5% growth rate by 2027 driven by its increasing sales as they provide a safe, secure, flexible, cost-effective, and fast access to destinations around the world. In addition, increase productivity, limited use of commercial airliners due to COVID-19 has will surged their demand in the near term.
Better hygiene and sanitation will fuel the growth for vacuum toilet segment
Vacuum toilet technology is estimated to attain a CAGR of 5% through 2027 led by its comfort and minimal requirement of water. Safer and economic air travels have increased air passengers over the recent years, creating a reasonable demand for airplanes in the industry, which will have opportunistic line for product demand in the sector. Rising focus towards better hygiene and sanitation during air travel will foster system demand in the industry over the coming years.
Browse key industry insights spread across 185 pages with 185 market data tables & 18 figures & charts from the report, “Aircraft Lavatory System Market Size By Aircraft (Commercial [Narrow Body, Wide Body], Regional Aircraft, Business Jets), By End-user (Aircraft OEM, Aircraft MRO), By Toilet Technology (Vacuum Technology, Recirculating Toilet Systems), COVID19 Impact Analysis, Regional Outlook, End-user Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
Expanding MRO facilities to augment the product demand
The MRO segment will hold 20% of the market share by2027. Growing MRO facilities at strategic location credited to do ease of business and low-cost requirement than other area will support the market value. For instance, in October 2019, Aviation Concepts Technical Services, Inc. (ACTS) established a new aircraft maintenance, repair and overhaul (MRO) facility at the Subic Bay International Airport (SBIA), Philippines, U.S. Furthermore, rising concerns regarding passenger safety, comfort & hygiene coupled with technological advancements to enhance air travel experience will have opportunistic line for product demand in the sector over the forecast timeframe.
Rising air passenger traffic will enable Europe to hold a considerable share
Europe aircraft lavatory system market size was over USD 90 million in 2020 on account of the increasing business jets fleet across the region. According to the European Business Aviation, France, Germany, Switzerland, and, the U.K. are among the leading countries of the European business aviation industry and accounted for around 76% of the gross value added to the European aviation industry. Growing air passenger traffic coupled with increasing aircraft deliveries are among other major factors boosting the revenue share.
Technology innovation and advancement to increase the market foothold
Key companies operating in the market are Jamco, B/E Aerospace CC, Diehl Aerosystems, Yokohama Aerospace, Circor Aerospace and Defence, Asia Spirit, The Nordam Group, Sanitrade, H.I Fraser PTY Limited, Aeroaid with many others. These players primarily focus on product innovation, technological advancement, mergers & acquisitions and joint venture strategies to stimulate their capabilities and increase their market foothold.