What is Global Commercial Aircraft Overhead Storage Bins Market?
The Global Commercial Aircraft Overhead Storage Bins Market is a specialized sector within the aviation industry that focuses on the production, distribution, and application of overhead storage bins in commercial aircraft. These storage bins, also known as overhead compartments or overhead lockers, are essential components of an aircraft's cabin, providing passengers with space to store their carry-on luggage during flight. The market encompasses a wide range of products, from small, individual compartments to larger, shared bins, and includes both the original equipment manufacturers (OEMs) that produce these bins and the airlines that purchase and install them in their aircraft. The market is influenced by a variety of factors, including the overall health of the global aviation industry, trends in aircraft design and passenger preferences, and advancements in materials and manufacturing technologies.
Overhead Storage Box in the Cabin, Overboard Storage Box in the Global Commercial Aircraft Overhead Storage Bins Market:
The Global Commercial Aircraft Overhead Storage Bins Market is segmented into two main product types: Overhead Storage Box in the Cabin and Overboard Storage Box. The Overhead Storage Box in the Cabin is the most common type of overhead storage bin, found in the passenger cabin of almost all commercial aircraft. These bins are typically located above the passenger seats and are designed to hold carry-on luggage and other personal items during flight. The Overboard Storage Box, on the other hand, is a less common type of overhead storage bin, typically found on smaller aircraft or in specific sections of larger aircraft. These bins are located outside the passenger cabin, often in the aircraft's wings or undercarriage, and are used to store larger items that cannot fit in the cabin's overhead bins. Both types of bins play a crucial role in maximizing the storage space available on an aircraft and improving the overall passenger experience.
Narrow Body Aircraft, Wide Body Aircraft, Regional Aircraft in the Global Commercial Aircraft Overhead Storage Bins Market:
The Global Commercial Aircraft Overhead Storage Bins Market caters to a variety of aircraft types, including Narrow Body Aircraft, Wide Body Aircraft, and Regional Aircraft. Narrow Body Aircraft, also known as single-aisle aircraft, are the most common type of commercial aircraft, typically used for short to medium-haul flights. These aircraft have a single aisle running down the middle of the cabin, with overhead storage bins located above the passenger seats on either side of the aisle. Wide Body Aircraft, also known as twin-aisle aircraft, are larger than narrow body aircraft and are typically used for long-haul flights. These aircraft have two aisles running down the length of the cabin, with overhead storage bins located above the passenger seats on both sides of each aisle. Regional Aircraft, meanwhile, are smaller aircraft typically used for short-haul flights within a specific region. These aircraft have a single aisle and smaller overhead storage bins compared to narrow body and wide body aircraft. Each type of aircraft requires a different type of overhead storage bin, with variations in size, shape, and capacity, making the market a diverse and complex one.
Global Commercial Aircraft Overhead Storage Bins Market Outlook:
A new survey has revealed that the Global Commercial Aircraft Overhead Storage Bins Market is set for significant growth in the coming years. The market, which was valued at US$ 850 million in 2022, is expected to grow to US$ 1156.4 million by 2029. This represents a compound annual growth rate (CAGR) of 4.5% from 2023 to 2029. This growth is likely to be driven by a number of factors, including the ongoing recovery of the global aviation industry from the impact of the COVID-19 pandemic, the increasing demand for new aircraft to replace aging fleets, and the ongoing trend towards larger, more spacious overhead storage bins to accommodate passengers' increasing carry-on luggage needs. The growth of the market is a positive sign for both the manufacturers of overhead storage bins and the airlines that use them, indicating a strong future for this important sector of the aviation industry.
| Report Metric | Details |
| Report Name | Commercial Aircraft Overhead Storage Bins Market |
| Accounted market size in 2022 | US$ 850 million |
| Forecasted market size in 2029 | US$ 1156.4 million |
| CAGR | 4.5% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | ITT Inc., AIM ALTITUDE, JAMCO Corporation, Airbus, FACC, Safran, The Boeing, UNITED TECHNOLOGIES, Embraer, GulfstreamAerospace |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
