Europe Commercial Aircraft Cabin Interior Market Trends

Statistics for the 2023 & 2024 Europe Commercial Aircraft Cabin Interior market trends, created by Mordor Intelligence™ Industry Reports. Europe Commercial Aircraft Cabin Interior trend report includes a market forecast to 2030 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Market Trends of europe commercial aircraft cabin interior Industry

The growth in air passenger traffic is expected to be supported by the increasing demand for domestic and international air travel

  • The gradual relaxation of travel restrictions in various European countries in 2022 made travel within the continent much easier than during the COVID-19 pandemic. Due to this trend, international demand soared, with passengers unable to travel during the lockdowns eager to fly abroad once again instead of taking domestic vacations. In 2022, air passenger traffic in the whole of Europe reached 1.3 billion, a growth of 8% compared to 2021. The United Kingdom, Germany, and Spain accounted for 36% of the total air passenger traffic in Europe and, hence, may generate more demand for new aircraft compared to other European countries over the coming years. European airlines have also been responsible for carrying almost 40% of global international air passengers.
  • European airport traffic grew by 247% in the first six months of 2022 compared to 2021, resulting in an additional 660 million passengers handled across the continent. The United Kingdom, the Netherlands, Turkey, and Germany, which have some of the countries with the busiest airports, recorded a significant rise in passenger traffic in H1 2022. In August 2022, passenger traffic in the top five European airports increased by 68.1% but remained -17.5% below pre-pandemic August 2019 levels, mainly due to continued travel restrictions in Asia. A similar increase in air passenger traffic was observed at airports in the Rest of Europe in August 2022. Commercial air traffic declined from Ukrainian airports, and airports in Belarus and Russia recorded declining passenger volumes as well since the beginning of the Russia-Ukraine War. The air passenger traffic is expected to surge by 31% during 2023-2030, with increased demand in domestic and international aviation.
Europe Commercial Aircraft Cabin Interior Market

The economic development initiatives implemented in the European Union are expected aid the GDP per capita income growth in the region

  • The European region had the second-highest GDP, with USD 17 trillion, in 2022. Out of the total region’s GDP, the Netherlands recorded the highest growth rate, i.e., 19%. In contrast, other major countries such as France and Germany accounted for growth rates of 10% and 14%, respectively. Out of the total GDP, the air transport industry in the United Kingdom contributed around USD 87 billion annually, while France and Germany contributed around USD 86 billion and USD 68 billion, respectively.
  • The GDP per capita income of the overall European Union was around USD 39,000 in 2023. The per capita GDP of the region's major economies, including the UK, France, and Germany, has returned to pre-pandemic levels. The GDP per capita income of the UK, Germany, and France surged by around 15%, 9%, and 7%, respectively, in 2022 as compared to 2019. The peak of the cohesion policy programs for the 2014-2020 period, in parallel to the start of the programs for the 2021- 2027 period, ensures a constant flow of investment into people and businesses across the region. Since the COVID-19 pandemic, more than EUR 186 billion has been paid out through cohesion policy programs to enhance resilience and social and regional growth.
  • The penetration of air travel is correlated with the GDP per capita. Countries with higher GDP per capita tend to have higher numbers of airline seats per capita. Germany has the highest GDP per capita in the region at USD 51,100, which increased by 14% from 2017 to 2022. France’s GDP per capita increased by 12% from 2017 to 2022, while that of the United Kingdom increased by 22% within the same five-year time frame. Such growth instances across major economies and pan-Europe are anticipated to aid the European airline industry during the forecast period.
Europe Commercial Aircraft Cabin Interior Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • The main reasons for market growth are the expansion of the fleet and the increased demand for passenger air travel in Europe
  • The major OEMs in the market, Boeing and Airbus, are expected to increase their deliveries during 2023-2030, leading to a balanced number of aircraft backlogs
  • The surge in the number of passengers has aided the expenditure on aviation infrastructure, with the upgradation of existing airports and the construction of new airports expected in Europe
  • The primary source of revenue for aircraft manufacturers is commercial aircraft orders placed with major airlines
  • Factors such as recovery in air travel and substantial aircraft orders being placed by various airlines are driving the growth of the market
  • Airlines are planning to reduce aircraft fuel consumption in order to reduce the overall aircraft weight

Europe Commercial Aircraft Cabin Interior Market Size & Share Analysis - Growth Trends & Forecasts UP TO 2030