Aircraft Floor Panel Market is Forecasted to Reach US$ 727 Million in 2034, Says 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 industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:

https://www.stratviewresearch.com/Request-Sample/188/aerospace-floor-panel-market.html#form

Market Statistics:

Market Size in 2023: US$ 452 million

Market Size in 2034: US$ 727 million

Growth (CAGR): 3.5% during 2024-2034

Cumulative Sales Opportunity 2024 to 2034: US$ 6.96 billion

Leading Aircraft Type: Narrow-Body Aircraft

Leading Core Material Type: Nomex Honeycomb

Leading Sales Channel Type: SFE

Leading End-User Type: OE

Leading Region: North America

Forecast Period: 2024-2034

Trend Period: 2018-2022

Base Year: 2023

Number of Segments Covered: 5

Number of Tables & Graphs: 100+

Country-Level Market Assessment: 20

Segment Insights & Market Share Analysis of 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 are expected to remain dominant whereas wide-body aircraft are the fastest-growing aircraft type in the market during the forecast period. 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 core material type –

·        The market is segmented into Nomex honeycomb, Aluminum honeycomb, and other core material types. 

·        Nomex honeycomb is anticipated to be the largest core material type of the aircraft floor panel market and is expected to witness the fastest growth in the coming years. 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 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, click here for a free sample of the report:

https://www.stratviewresearch.com/Request-Sample/188/aerospace-floor-panel-market.html#form

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 mainly attributed to the following:

-      North America is expected to remain the largest market for aircraft floor panels over the forecast period. With 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.

-      The rising production rates of key aircraft programs.

-      Upcoming aircraft programs.

-      Higher demand for lightweight flooring.

-      Advancements in flooring technologies.

-      An expanding aircraft fleet size.

Competitive Landscape: Top Companies in the Aircraft Floor Panel Market:

The market is moderately fragmented, with over 20 players. Most of the major players compete on some of the governing factors, including price, service offerings, regional presence, etc. Stratview Research has identified the following companies as the top market players:

-         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?

For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

Related Reports:

-      Aluminium Honeycomb Panel Market

-      Nomex Honeycomb Market

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About us –

Stratview Research is a global market research and consulting firm that highly specializes in IT & telecom, 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 make convincing business decisions.

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