Aircraft Floor Panel Market is Forecasted to Reach US$ 727 million in 2034, Says Stratview Research

The global aircraft floor panel market is projected to witness a growth rate of 3.5% annually from 2024 to 2034, with an anticipated size of US$ 727 million by 2034, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global aircraft floor panel market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
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Report Highlights:
Market Size in 2034: US$ 727 million
Growth (CAGR): 3.5% during 2024-2034
Forecast Period: 2024-2034
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 5
Number of Tables & Graphs: 100+

Segment Insights on the Aircraft Floor Panel Market:
The global aircraft floor panel market is segmented based on aircraft type, core material type, sales channel type, end-user type, and region.

Based on aircraft type - the market is bifurcated into narrow-body aircraft, wide-body aircraft, regional aircraft, and business jets. Narrow-body aircraft dominate the aircraft floor panels market due to their high production volume for short to medium-haul routes. The segment's growth is driven by the demand for lightweight, durable materials that improve fuel efficiency and reduce costs. These aircraft require high-performance floor panels made from advanced, lightweight composite materials, which enhance fuel efficiency and reduce operational costs. Wide-body aircraft witnessed an enormous decline amid the pandemic, greater than all other aircraft types. Furthermore, the grounding of B787 dented the recovery that was expected from the market participants earlier. However, the long-term business outlook still seems favorable to the market participants as both Boeing and Airbus have announced that they will ramp up their production rates of B787 and A350XWB, respectively, in the coming years.

Based on the core material type - The market is segmented into Nomex honeycomb, Aluminum honeycomb, and other core material types. Nomex honeycomb floor panels are extensively used in all types of aircraft, including narrow-body and wide-body ones. Nomex honeycomb offers several benefits, such as being lightweight, outstanding rigidity, strength, and resistance to corrosion and fire. Also, it is thermally stable and has excellent dielectric characteristics.

Based on the end-user type - The market is segmented as OE and aftermarket. OE is anticipated to be a larger demand generator of the aircraft floor panel market and is expected to witness faster growth in the coming years. The plan to increase the production rates of existing aircraft programs to support the rebounding demand and new aircraft programs (COMAC C919 and Boeing's B777x) are the main factors contributing to its supremacy. It is anticipated that both the OE and aftermarket segments are likely to experience significant growth rates in the coming years.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/188/aerospace-floor-panel-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is projected to retain its supremacy during the forecast period, whereas Asia-Pacific is expected to experience the fastest growth. This growth outlook is majorly attributed to the following-
- The presence of numerous small- to large-sized OEMs in this region.
- This region has been a pioneer in the aerospace industry.
- Most of the participants have production and assembly facilities in North America.
- Additionally, all the industry's central floor panel producers are present in the area to assist OEMs in creating advanced products that satisfy airline criteria.

Aircraft Floor Panel Market Drivers:

Some of the key drivers listed in the report are given below.
- Rising air travel demand, increasing aircraft production, and advancements in lightweight composite materials.
- Stringent aviation safety regulations and the growing adoption of fuel-efficient aircraft.
- Additionally, the demand for durable, fire-resistant, and lightweight floor panels enhances market expansion.

Top Companies in the Aircraft Floor Panel Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• EFW GmbH
• The Gill Corporation
• Triumph Group, Inc.
• Boeing Encore Interiors LLC
• AVIC Cabin Systems Limited

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Aircraft Floor Panel Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.