Narrow-body Aircraft Market By Type: Six-abreast Cabin, Five-abreast Cabin, Four-abreast Cabin, Three-abreast Cabin, Two-abreast Cabin; By Application: Self-Support, Aircraft Lease – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global narrow-body aircraft market is expected to reach the market value of around US$ 180 Bn by 2026 and is anticipated to grow at a CAGR of around 3.6% in terms of revenue during the forecasting period 2019 – 2026. In terms of volume (consumption) the market is expected to grow at CAGR of around 3.3% during the forecast period.                                         

An aircraft with a narrow body is an airliner set up along a single all-way, enabling a cabin with up to 6 seats below the width of 4 metres. In comparison, the large-body aircraft has been designed to provide at least seven abreast seating and frequently more class transport. It generally has numerous aisles and a fuselages diameter of more than 5 meters (16 feet). The Boeing 757–300 offers the largest sitting ability of a narrow-body aircraft which can accommodate around 295 passengers, while the wide body planes are able to accommodate up to 250 to 600 passengers. A number of corporate airliners are also employing narrow body aircrafts, such as the Airbus A318, the Boeing BBJ.

The report provides analysis of global narrow-body aircraft market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.                                                                                                                   

Market Segmentation

In the type segment the six-abreast cabin segment will dominate the narrow-body aircraft market. Reduced boarding and de-boarding time which is enough to allow for more utilization in a short range is key aspect that lead six-abreast cabin compared to other cabins. The B737 and A320 are the preferred form for significant aircraft carriers. The development of this segment is anticipated to drive increasing tourism activity worldwide as well as the strategy of service suppliers to provide better services with low operating costs.

Five-Abreast cabin aircraft generally has capacity of 85-130 passengers. Providers of services generally seek simple passenger services with a high ability. Quick urbanization and industrialization of the periphery and government approaches are leading to a growing demand for five-abreast cabin aircraft. This will drive the segment's development in the near future.

Four-abreast cabin aircraft usually has the carrying capacity of 44-80 passengers. Rising disposable income among consumers and increasing domestic air traffic in countries such as India and China is resulting in growing demand for four-abreast cabin aircraft.

The carry-on capability of three- abreast cabin aircraft is generally 24-45. The development of infrastructure for air transport in nations like Nigeria, Egypt, and South Africa etc., combined with implementation of a regional interconnecting program in the Asia-Pacific region is leading to an increase in air traffic across that region.

Two-abreast cabin aircraft usually has the carrying capacity of 14-19 passengers. Rising preference for air transport among consumers in developing countries, growing domestic air traffic is resulting in adoption of two-abreast cabin aircraft that is fuel efficient and is able to fly multiple times are the major factor expected to drive the segment growth.

Regional Stance

Rising consumer preference for air travel for domestic and international purpose in order to save time along with approach towards adoption of easy, reliable, and fast mode air transport is resulting in growing demand for narrow-body aircraft in North America. Low cost fairs, easy mode of transportation and rising preference for small carrier plans are some major factors expected to drive the growth of the target market in China. Rising tourism activities in the countries in this region, availability of low cost airlines, increasing government expenditure on development of air transportation facilities are some major factors expected to drive the growth of the Europe market. Whereas in Japan, rising demand for aircraft with improved design that has enhanced capabilities in flight, various technical and operational characteristics, and is able to support intense air traffic. Besides, rising tourism activities in the countries, coupled with increasing government spending on facilitation of air transport facility, and presence of prominent players providing better quality service at low price are some major factors expected to drive the growth of the target market in Southeast Asia. Rapid urbanization in the country, flourishing airline industry, and increasing spending capacity of consumer on luxury transportation facilities are some major factors expected to drive the growth of the market in India. Moreover, increasing government spending on development of civil aircraft through upgrading the present carriers is another factor expected to support the growth.

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Report coverage

The market research study on “Narrow-body Aircraft Market (By Type: Six-abreast Cabin, Five-abreast Cabin, Four-abreast Cabin, Three-abreast Cabin, Two-abreast Cabin; By Application: Self-Support, Aircraft Lease) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers a detailed insights on the global narrow-body aircraft market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report covers global narrow-body aircraft market size in terms of value and volume, and segment markets by type, application, and geography along with the information on companies operating in the market. The narrow-body aircraft market analysis is provided for major regional markets including North America, China, Europe, Japan, Southeast Asia, India, and Rest of World. For each region, the market size for different segments has been covered under the scope of report.

The global narrow-body aircraft market is segmented as below:

Market Segmentation

Narrow-body Aircraft Market By Type

• Six-abreast Cabin
• Five-abreast Cabin
• Four-abreast Cabin
• Three-abreast Cabin
• Two-abreast Cabin

Narrow-body Aircraft Market By Application

• Self-Support
• Aircraft Lease

Narrow-body Aircraft Market By Geography

• North America
• China
• Europe
• Japan
• Southeast Asia
• India
• Rest of World

Key Players

Major players include in this report are Boeing, Airbus S.A.S., Bombardier, Embraer S.A., Commercial Aircraft Corporation of China, Ltd., IRKUT CORPORATION, Tupolev.