Transparency Market Research delivers key insights into the global amenity kits market. In terms of revenue, the global amenity kits market is estimated to expand at a CAGR of 1.5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global amenity kits market.
The global market for amenity kits is largely affected by numerous factors, including increasing number of business class passengers and growing number of strategic partnerships among airlines and key brands of amenity kits. The overall growth in the fleets of passenger aircraft across different regions is driving the global market for amenity kits.
Amenity Kits Market: Key Segments
The global market for amenity kits has been segmented by type, element, packaging, application, and region. In terms of type, the amenity kits market has been divided into first class kits, business class kits, premium economy class kits, and economy class kits, wherein, the demand for first class and business class kits is very high. This trend is anticipated to continue throughout the forecast period, owing to the frequent launch of new products. Based on element, the amenity kits market has been divided into skincare products, dental & oral care products, eye masks, earplugs, socks, miscellaneous (comb, pen, tissue, etc.), and others (slippers, etc.). The skincare products segment accounted for a significant market share, by revenue, in 2019. Furthermore, the segment is estimated to expand at a CAGR of 1.8% during the forecast period.
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Based on packaging, the global market for amenity kits has been divided into bags and pouches. The pouches segment held majority market share in terms of volume and value in 2019. Continuous upgrade of pouch designs and use of sustainable materials are key trends observed in amenity kits packaging. Based on application, the global amenity kits market has been classified into airlines, premium trains, cruise ships, and others (luxury buses, etc.). The airline segment held a dominant market share in terms of volume and value in 2019. The segment growth can be attributed to rise in tourism, business events, and global connectivity.
Amenity Kits Market: Prominent Regions
The global market for amenity kits has been categorized into North America (U.S., Canada, and Rest of North America), Europe (U.K., France, Germany, and Rest of Europe), Asia Pacific (China, Japan, India, and Rest of Asia Pacific), Middle East & Africa (GCC Countries, South Africa, and Rest of the Middle East & Africa), and South America (Brazil and Rest of South America). The North America amenity kits market exhibits significant demand followed by Europe and Asia Pacific. The market growth in North America can be attributed to consumer preference for air travel and willingness to spend on premium services. Furthermore, the market in the region is anticipated to register a CAGR of 1.6% during the forecast period. In Asia Pacific, the market for amenity kits generated revenue worth USD 1.2 Bn in 2019. China is the major country contributing to the overall demand for amenity kits in the region. In Europe, the market for amenity kits is projected to reach US$ 1.5 Bn by 2030. The penetration of major airlines such as Ryanair, Lufthansa Group, International Airlines Group, Air France, and KLM is estimated to drive the demand for amenity kits in Europe.
A unique research methodology has been utilized by TMR to conduct comprehensive research on the growth of the global amenity kits market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.
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Secondary sources referred to by analysts during the production of the global amenity kits market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers who contributed to the production of TMR’s study on the amenity kits market as a primary source.
These primary and secondary sources provided exclusive information during interviews, which serves as a validation from amenity kits industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global amenity kits market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped in making TMR’s estimates on the future prospects of the global amenity kits market more reliable and accurate.
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