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Aircraft Overhead Stowage Bins Market is Forecast to Reach US$ 656.6 Million in 2028, Says Stratview Research
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The global Aircraft Overhead Stowage Bins market is segmented based on aircraft type, stowage bin type, sales channel type, end-user type, and region.
- The market is bifurcated into narrow-body aircraft, wide-body aircraft, regional aircraft, and business jets. driven by the high focus of bin manufacturers on the development of spacious bins for key aircraft programs (B737 and A320) and the faster recovery trajectory of narrow-body aircraft programs than wide-body ones. A320 family including neo, B737 including & max, and A220 will remain the growth propellors of the segment in the years to come.
- The market is segmented into shelf bin, pivot bin, and translating bin. . Pivot bins provide high visibility, high article retention, and reduce accidents. They are currently used on all the major platforms, including the B737, B747, B767, B787, A320 family, and A350XWB. Key players are developing new and advanced products, primarily targeting pivot bins and shelf bins.
- The market is segmented into BFE and SFE. Among these sale-channel types, Airlines are switching from BFE to SFE products. Several advancements in retrofits are used to cut down additional costs and avoid delays from BFE suppliers. SFE is becoming more popular in the cabin because of the delays in wide-body aircraft deliveries.
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The report suggests that the This growth is majorly attributed to the following –
- Factors supporting the demand for aircraft overhead stowage bins in North America are the presence of several aircraft OEMs and tier players.
Likewise, due to high growth in air travel demand, which led airlines to make new orders for aircraft of a newer generation. The Chinese aircraft, COMAC C919, is anticipated to be in service in 2023. Overhead stowage bin demand from this region is projected to increase at the same time as aircraft orders and deliveries rise throughout the projection period.
Some of the key reasons that are propelling the growth of the market include-
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The market's supply chain is composed of raw material manufacturers, bin component manufacturers, overhead stowage bin manufacturers, aircraft OEMs, and airline companies. The following are some of the key players in the aircraft overhead stowage bins market
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