Your browser is out-of-date.
To get a better experience with our home designs, please download other browsers for free. Just click on the icon!
The global aircraft lavatory system market size stood at USD 499.1 million in 2021. The market is anticipated to rise from USD 501.6 million in 2022 to USD 706.9 million by 2029 at a 5.02% CAGR during the forecast period. Fortune Business Insights™ has delved into these insights in its latest research report, titled, “Aircraft Lavatory System Market, 2022-2029.”
According to the analysis, concerted efforts to minimize maintenance cost and weight will encourage leading companies to expand their footfall. Major aircraft manufacturers and suppliers are likely to receive impetus from lavish lavatories. Amidst the COVID-19 pandemic, leading companies are likely to rethink their strategies to tap markets.
COVID-19 Impact
Trend for Self-Cleaning Lavatory Components Trigger Innovations
The aviation sector witnessed major disruption from the ravage of the COVID-19 pandemic. Plunge in international travel did not bode well for the business outlook. The International Air Transport Association (IATA) stated that international passenger demand (RPK) decreased by 75.6% in 2020. Meanwhile, the footfall of self-cleaning lavatory to maintain sanitization and hygiene has expedited innovations in the aviation industry.
Report Coverage
The report provides a holistic view of the market size, share, volume and revenue. It has also delved into Porters’ Five Force Analysis and SWOT analysis. The report has been prepared through qualitative and quantitative analysis to bolster the strategic approach. The primary interviews have been used to validate assumptions, findings and the prevailing business scenarios. The report has also been prepared through secondary resources, such as annual reports, press releases, white papers and journals.
Segmentations
Based on aircraft type, the market is segmented into business jet, commercial aircraft and regional aircraft.
In terms of technology, the industry is segregated into recirculating technology and vacuum technology.
With respect to component, the market covers plumbing system, toilet assembly, lavatory cabin, waste & water tank assembly, electric & electronic components and others.
On the basis of end-user, the industry is fragmented into aftermarket and OEM.
On the geographical front, the market includes North America, Europe, Asia Pacific, Latin America and the Middle East & Africa.
Browse Complete Report Summary:
https://www.fortunebusinessinsights.com/aircraft-lavatory-system-market-105533
Drivers and Restraints
Emergence of Touch Free Aircraft Lavatories to Spur Industry Growth
Stakeholders anticipate airline companies to inject funds into the touchless lavatory to overcome challenges stemming from the COVID-19 pandemic. It is worth noting that the rising footfall of waste bins operated with an infrared sensor and foot-controlled switch for flushing toilets will propel aircraft lavatory system market growth. Well-established players and new entrants are poised to prioritize technological advancements to propel the modernization of commercial lavatory solutions. Moreover, a notable surge in air passenger traffic and investments in R&D activities will bolster industry growth.
However, the plunge in the production of commercial jumbo jets is likely to dent the growth outlook during the forecast period.
Regional Insights
North America Market to Gain Traction from the Presence of Leading Companies
The U.S. and Canada are likely to witness investments galore on the back of the presence of prominent companies in the region. North America market size was valued at USD 153.1 million in 2021 and will observe a similar trend during the assessment period. The rising footfall of large commercial jet fleets will propel regional growth.
Investments in advancements of lavatory systems are expected to foster Middle East & Africa market share. Notably, the rising footprint of advanced wide-body long haul fleet in South Africa has encouraged leading players to up their portfolios in the region. The expansion of regional aircraft will prompt aircraft companies to invest in advanced lavatory systems.
Asia Pacific aircraft lavatory system market share will observe an appreciable gain in the wake of the footfall of the commercial aircraft fleet. Moreover, vacuum technology has become trendier across India, China and Australia, mainly due to the demand for vacuum toilets, valves, sensors and vacuum generators.
Competitive Landscape
Major Players Focus on Innovations to Tap Markets
Stakeholders are poised to infuse funds into product rollouts, technological advancements and mergers & acquisitions. Well-established players and new players could invest in R&D activities to gain a competitive edge. In doing so, investments in geographical expansion could be pronounced over the next few years.
Key Industry Development
October 2020 – Collins Aerospace Systems and Knight Aerospace developed an innovative roll-on/roll-off Air Transportable Galley / Lavatory System (ATGL) for military cargo aircraft.
Major Players Profiled in the Market Report:
