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Aerospace Floor Panel Market Report
Aircraft Floor Panel Market is Segmented by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, and General Aviation), by Core Material Type (Nomex Honeycomb, Aluminium Honeycomb, and Others), by End-User Type...
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
The global aircraft floor panel market is projected to reach an estimated value of US$ 515.1 million in 2024. Healthy future growth rate offers a plethora of opportunities to the entire ecosystem of the market. Increasing production rates of the key commercial and regional aircraft, such as B737, B787, A320, A350XWB, and A220; upcoming commercial and regional aircraft, such as COMAC C919 and Mitsubishi MRJ; requirement of lightweight aircraft flooring, an advancement in the flooring technology; and increasing global aircraft fleet size are the major growth drivers of the market.
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The global aircraft floor panel market is segmented based on the aircraft type: Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, and General Aviation. The narrow-body aircraft is expected to remain the largest segment of the market during the forecast period of 2019 to 2024. Wide-body aircraft is likely to witness the highest growth during the same period, driven by increasing demand for wide-body aircraft, such as B787 and A350XWB, in the developing economies, such as China and India.
The global aircraft floor panel market is also segmented based on the core material type as Nomex Honeycomb, Aluminum Honeycomb, and Others. The nomex honeycomb has been the growing choice for a wide range of usage in the aircraft industry including floor panel. All the major aircraft types including narrow-body and wide-body aircraft, are heavily relying on this unique material. Nomex honeycomb offers enormous advantages over competing materials, such as lightweight, exceptional stiffness and strength, good corrosion resistance, good fire resistance, good thermal stability, and excellent dielectric properties.
The global aircraft floor panel market is further segmented based on the end-user type as OE Sales and Aftermarket Sales. OE is likely to remain the larger end-user type during the forecast period, driven by increasing demand for commercial and regional aircraft across regions. Both OE and aftermarket sales segments are likely to witness healthy growth rates over the next five years.
In terms of region, North America is projected to remain the largest aircraft floor panel market during the forecast period. This region has been the pioneer in the aerospace & defense industry and is the manufacturing capital with the presence of several small- to large-sized OEMs in each aircraft category. Most of the players have manufacturing and assembly plants in North America. Additionally, all the major floor panel manufacturers for the aircraft industry are in the region to support OEMs for the development of advanced products meeting airline requirements.
Asia-Pacific is expected to witness the highest growth during the same period. The highest commercial aircraft fleet size, the opening of manufacturing/assembly plants of Boeing and Airbus, and upcoming indigenous commercial and regional aircraft, such as COMAC C919 and Mitsubishi MRJ will continue to drive the Asia-Pacific’s market in the coming years.
Some of the major companies in the aircraft floor panel market are The Gill Corporation, Triumph Group, B/E Aerospace (now Collins Aerospace), Hexcel Corporation, EnCore Aerospace Group, and Zodiac Aerospace (now Safran S.A.). New product development, adoption of advanced lightweight materials, and collaboration with OEMs are some of the key strategies adopted by companies to gain a competitive edge over other competitors.
For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.
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Research Scope |
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Trend & Forecast Period |
2013-2024 |
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Size in 2024 |
US$ 515.1 million |
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Regions Covered |
North America, Europe, Asia-Pacific, Rest of the World |
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Countries/Subregions Covered |
The USA, Canada, Mexico, Germany, France, Russia, The UK, Spain, Japan, China, India, Latin America, the Middle East and Others |
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Figures & Tables |
>150 |
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Customization |
Up to 10% customization available free of cost |
The market is segmented in the following ways:
Aircraft Floor Panel Market Size, Share & Forecast by Aircraft Type:
Aircraft Floor Panel Market Size, Share & Forecast by Core Material Type:
Aircraft Floor Panel Market Size, Share & Forecast by End-User Type:
Aircraft Floor Panel Market Size, Share & Forecast by Region:
This comprehensive report, from Stratview Research, estimates the global as well as regional aircraft floor panel market for the forecast period of 2019 to 2024 by studying current market trends, changing competitive dynamics, and future market possibilities. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
Aircraft Floor Panel is mainly a honeycomb structure used for flooring purposes in aircraft. Most commonly now honeycomb sandwich panels are used both commercial and military aircraft flooring. Aircraft Floor Panel for commercial aircraft has a thickness of about 1 cm. The flooring panel is made up of carbon fiber or glass along with nomex honeycomb.
Driven by a number of factors like Increasing production rates of the key commercial and regional aircraft, the aircraft floor panel market is projected to reach an estimated value of US$ 515.1 million in 2024.
The Gill Corporation, Triumph Group, B/E Aerospace (now Collins Aerospace), Hexcel Corporation, EnCore Aerospace Group, and Zodiac Aerospace (now Safran S.A.). are among the key players in the aircraft floor panel market.
North America is projected to remain the largest aircraft floor panel market during the forecast period of 2019-2024.
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