Press release
Global Aircraft Floor Panel Market to Reach US$ 478.0 million in 2023
This report, from Stratview Research, studies the floor panel market in the global aircraft industry over the trend period of 2012 to 2017 and the forecast period of 2018 to 2023. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities in the market.
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The Global Aircraft Floor Panel Market: Highlights
The global aircraft floor panel market is projected to reach an estimated value of US$ 478.0 million in 2023. Healthy future growth rate offers a plethora of opportunities to the entire ecosystem of the market. Increasing production rates of key commercial and regional aircraft, such as B737, B787, A320, A350XWB, and C Series; 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.
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 2018 to 2023. Wide-body aircraft is likely to witness the highest growth during the same period, driven by an increasing demand for wide-body aircraft, such B787 and A350XWB in the developing economies, such as China and India. There is also a healthy demand for wide-body aircraft in the Middle East region.
Aircraft Floor Panel Market-Country Analysis
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 largest end-user type during the forecast period, driven by an 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.
The global aircraft floor panel market is segmented based on the region as North America, Europe, Asia-Pacific, and Rest of the World. 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 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.
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Asia-Pacific is expected to witness the highest growth during the same period. The highest commercial aircraft fleet size; the gradual shift of manufacturing/assembly plants of OEMs; and upcoming indigenous commercial and regional aircraft, such as Comac C919, ARJ21, and MRJ, fuelled by increasing passenger traffic 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 Rockwell Collins), Hexcel Corporation, EnCore Aerospace Group, and Zodiac Aerospace. 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.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter 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 in the floor panel market
Strategic growth opportunities for the existing and new players
Key success factors
The aircraft floor panel market is segmented into the following categories.
Global Aircraft Floor Panel Market 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)
Global Aircraft Floor Panel Market 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)
Global Aircraft Floor Panel Market by End-User Type:
• OE Sales (Regional Analysis: NA, Europe, APAC, and RoW)
• Aftermarket Sales (Regional Analysis: NA, Europe, APAC, and RoW)
Global Aircraft Floor Panel Market 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 (Country Analysis: Latin America, the Middle East, and Others)
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
We have a strong team of industry veterans and analysts with an extensive experience in executing custom research projects for mid-sized to Fortune 500 companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, Go to Market Strategy, and Voice of Customer studies.
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
Category : Aerospace & Defense
https://www.stratviewresearch.com/188/aerospace-floor-panel-market.html
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
Stratview Research
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Phone No. +1-313-307-4176
Email :- sales@stratviewresearch.com
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