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    Aircraft Floor Panel Market Size, Share & Forecast (2019-2024)

    Aircraft Floor Panel Market Size, Share & Forecast (2019-2024)

    Aircraft Floor Panel Market Size, Share & Forecast (2019-2024)
    Report code - SRAD104 Published On : Apr,2019 No. of Pages: 217
    Aircraft Floor Panel Market Size, Share, Trend, Forecast, & Competitive Analysis: 2019 See more...
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    Aircraft Floor Panel Market Insights

    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. 

    Aircraft Floor Panel Market Forecast

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    Aircraft Floor Panel Market Share Analysis

    Aircraft Floor Panel Market Share by Aircraft Type

    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.

    Aircraft Floor Panel Market by Core Material Type

    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.

    Aircraft Floor Panel Market Forecast

    Aircraft Floor Panel Market Share by End-User Type

    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.

    Regional Insights

    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. 

    Key Players

    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.

     

    Research Methodology

    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.

     

    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period

    2013-2024

    Size in 2024

    US$ 515.1 million

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Countries/Subregions Covered

    The USA, Canada, Mexico, Germany, France, Russia, The UK, Spain, Japan, China, India, Latin America, the Middle East and Others

    Figures & Tables

    >150

    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:

    • Narrow-Body Aircraft (Regional Analysis: NA, Europe, APAC, and RoW)
    • Wide-Body Aircraft (Regional Analysis: NA, Europe, APAC, and RoW)
    • Very Large Aircraft (Regional Analysis: NA, Europe, APAC, and RoW)
    • Regional Aircraft (Regional Analysis: NA, Europe, APAC, and RoW)
    • General Aviation (Regional Analysis: NA, Europe, APAC, and RoW)

    Aircraft Floor Panel Market Size, Share & Forecast by Core Material Type:

    • Nomex Honeycomb (Regional Analysis: NA, Europe, APAC, and RoW)
    • Aluminium Honeycomb (Regional Analysis: NA, Europe, APAC, and RoW)
    • Others (Regional Analysis: NA, Europe, APAC, and RoW)

    Aircraft Floor Panel Market Size, Share & Forecast by End-User Type:

    • OE Sales (Regional Analysis: NA, Europe, APAC, and RoW)
    • Aftermarket Sales (Regional Analysis: NA, Europe, APAC, and RoW)

    Aircraft Floor Panel Market Size, Share & Forecast by Region:

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, Russia, The UK, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
    • Rest of the world (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Report Features

    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:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

     


    Frequently Asked Questions (FAQs)

    What is Aircraft Floor Panel?

    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.

    What will be the size of the Aircraft Floor Panel Market in the foreseeable years?

    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.

    Who are the key players in the Aircraft Floor Panel Market?

    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.

    Which country/region is expected to remain the largest 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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