Aircraft Floor Panel Market Forecasted to Reach US$ 478.0 million in 2023

Stratview Research has launched a research report on Aircraft Floor Panel Market. The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Aircraft Floor Panel Market from 2018 to 2023.

This 217-page report is segmented in four ways to provide a 360-degree holistic view. The segments are –
● by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, and Others)
● by Core Material Type (Nomex Honeycomb, Aluminium Honeycomb, and Others)
● by End-User Type (OE and Aftermarket)
● and by Region
o North America (Country Analysis: The USA, Canada, and Mexico)
o Europe (Country Analysis: Germany, France, Russia, The UK, Spain, and Rest of Europe)
o Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
o Rest of the world (Country Analysis: Latin America, the Middle East, and Others)

Stratview Research, has presented the study of Aircraft Floor Panel Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

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.

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Increasing production rates of key commercial and regional aircraft

The 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 aircraft fleet size are the major growth drivers of the market.

Narrow-body aircraft to remain the largest segment of the market

The 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.

Major aircraft types including narrow-body and wide-body aircraft

The 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.

OE is likely to remain the largest end-user type

The 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.

North America to remain the largest market

The 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.

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.

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 on 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
● Strategic growth opportunities for the existing and new players
● Key success factors.
● Research Methodology

This report studies the Aircraft Floor Panel Market, keeping in mind the interest of all the stakeholders across the value chain. The rich quality of insights is outcome of -
o Extensive secondary research,
o Rigorous primary interviews with more than 15 industry stakeholders across the value chain.
o Validation and triangulation of data with Stratview Research’s internal database and statistical tools.
o More than 700 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

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