Europe Aircraft Floor Panel Market

Historic Data: 2017-2018   |   Base Year: 2019   |   Forecast Period: 2020-2027

Analysis by Aircraft Type (Wide Body Aircrafts, Narrow Body Aircrafts, and General Aviation), Material Type (Aluminum Honeycomb and Nomex Honeycomb), Sales Channel (OEM and Aftermarket), and End User (Commercial and Military)


No. of Pages: 124    |    Report Code: TIPRE00017242    |    Category: Aerospace and Defense

Europe Aircraft Floor Panel Market
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Market Introduction

The Europe aircraft manufacturing industry is witnessing significant growth due to the surging demand for passenger and military aircraft across Europe. The increasing disposable incomes and growing population in various countries across Europe are some of the major factors driving the demand for various aircrafts types. The mounting demand for air travel across European region leads to the increased production of aircraft from manufacturers such as Boeing and Airbus. Aircraft floor panels are a critical component used in various types of aircraft, such as wide–body aircraft, narrow–body, and general aviation. This light-weight component has high durability and strength, which is ideal for aerospace applications. Based on the materials, several core materials, such as nomex and aluminum, are used in developing aerospace floor panels. The positive growth in the aircraft types is anticipated to fuel the demand for aircraft floor panel and offer future growth opportunities to market players operating in the Europe aircraft floor panel market. The positive growth outlook of the Europe aviation industry and the growing number of air passengers are two key factors driving the demand for the aircraft floor panel across Europe region. In addition, the growing demand for low cost & ultra-low-cost carriers and mounting investments in composite material for enhanced capabilities are the factors that will fuel the future demand for aircraft floor panel across Europe.

Furthermore, in case of COVID-19, Europe is highly affected specially the UK. The European aviation industry is composed of aircraft OEMs, component suppliers, airlines, and MRO service providers. The outbreak of the COVID – 19 viruses has affected each aviation business stakeholders' business in the region. Several airlines in the region have postponed the pending aircraft fleet's procurement dates to manage their current operational costs during COVID-19 times and post-COVID-19 times. This has led the aircraft OEMs and component suppliers to suffer economic loss. This factor has had a negative result on the European aircraft floor panel market players. From the commercial aviation perspective and MRO perspective, several airlines have grounded a notable number of fleets with an aim to drive their business with the remaining fleet as the passenger count has drastically reduced across the region. Apart from this factor, the ban on air travel had forced the airlines and corporate jets to temporarily cease their operations, thereby lowering the MRO shop visits, resulting in the procurement of lesser volumes of aircraft floor panels and other components MRO facilities. This parameter also affected the aircraft floor panels market. 


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Europe Aircraft Floor Panel Strategic Insights

Strategic insights for the Europe Aircraft Floor Panel provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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Europe Aircraft Floor Panel Report Scope

Report Attribute Details
Market size in 2019 US$ 186.63 Million
Market Size by 2027 US$ 325.57 Million
Global CAGR (2020 - 2027) 9.7 %
Historical Data 2017-2018
Forecast period 2020-2027
Segments Covered By Aircraft Type
  • Wide Body Aircrafts
  • Narrow Body Aircrafts
  • General Aviation
By Material Type
  • Aluminum Honeycomb
  • Nomex Honeycomb
By Sales Channel
  • OEM
  • Aftermarket
By End User
  • Commercial
  • Military
Regions and Countries Covered Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Market leaders and key company profiles
  • Aeropair Ltd
  • Aim Altitude UK Ltd.
  • Avcorp Industries Inc.
  • Collins Aerospace, a Raytheon Technologies Corporation company
  • Euro Composite S.A.
  • Safran S.A
  • Singapore Technologies Engineering Ltd
  • The Gill Corporation
  • The Nordam Group LLC
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    Europe Aircraft Floor Panel Regional Insights

    The geographic scope of the Europe Aircraft Floor Panel refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    Market Overview and Dynamics

    The Europe aircraft floor panel market is expected to grow from US$ 186.63 million in 2019 to US$ 325.57 million by 2027; it is estimated to grow at a CAGR of 9.7 % from 2020 to 2027. Growth in the demand for air freighter fleet is expected to upsurge the Europe aircraft floor panel market. The Europe air freight business is surging at an exponential rate, thereby driving the orders and shipment of freighter aircraft models across Europe. The wide body freighters dominated the air freight industry over the years, thus boosting the procurement volumes of aircraft floor panels across Europe. The flooring of any freighter aircraft is manufactured with ultimate precaution and accuracy, as the floor panels need to carry heavier loads than passenger aircraft cargo compartments. Moreover, the strength and rigidity of these floor panels is of utmost importance. The increasing demand for stronger floor panels, coupled with the rise in freighter aircraft production volumes, the Europe aircraft floor panel market players offering their products to freighter aircraft manufacturers are experiencing healthy demand, which is driving their business. Several cargo carriers are procuring narrow body freighters and are also converting the existing narrow body passenger aircraft to freighter aircraft. The Boeing B737 series aircraft fleet is also anticipated to experience strong demand for passenger-to-freighter conversion, which would allow several European aircraft floor panel market players and aftermarket players to witness higher demand for their products and services. These developments would propel the Europe aircraft floor panel market in the coming years. The mounting demand for freighter aircraft, also leading to the surge in passenger-to-freighter conversion, would escalate the need for suitable floor panels in the coming years, which will drive the Europe aircraft floor panel market.

    Key Market Segments

    In terms of aircraft type, the narrow body aircrafts segment accounted for the largest share of the Europe aircraft floor panel market in 2019. In terms of material type, the nomex honeycomb segment held a larger market share of the Europe aircraft floor panel market in 2019. Similarly, in terms of sales channel, the OEM segment held a larger market share of the Europe aircraft floor panel market in 2019. Further, the commercial segment held a larger share of the Europe aircraft floor panel market based on end user in 2019.   

    Major Sources and Companies Listed

    A few major primary and secondary sources referred to for preparing this report on the Europe aircraft floor panel market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Aeropair Ltd; Aim Altitude UK Ltd.; Avcorp Industries Inc.; Collins Aerospace, a Raytheon Technologies Corporation company; Euro Composite S.A.; Safran S.A; Singapore Technologies Engineering Ltd; The Gill Corporation; The Nordam Group LLC.  

    Reasons to buy report

    • To understand the Europe aircraft floor panel market landscape and identify market segments that are most likely to guarantee a strong return
    • Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe aircraft floor panel market
    • Efficiently plan M&A and partnership deals in Europe aircraft floor panel market by identifying market segments with the most promising probable sales
    • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe aircraft floor panel market
    • Obtain market revenue forecast for market by various segments from 2020-2027 in Europe region.

     

    Europe Aircraft Floor Panel Market Segmentation

    Europe Aircraft Floor Panel Market - By Aircraft Type

    • Wide Body Aircrafts
    • Narrow Body Aircrafts
    • General Aviation

    Europe Aircraft Floor Panel Market - By

    Material Type

    • Aluminum Honeycomb
    • Nomex Honeycomb

    Europe Aircraft Floor Panel Market - By

    Sales Channel

    • OEM
    • Aftermarket

    Europe Aircraft Floor Panel Market - By

    End User

    • Commercial
    • Military

    Europe Aircraft Floor Panel Market - By Country

    • France
    • Germany
    • Italy
    • UK
    • Russia
    • Rest of Europe     

    Europe Aircraft Floor Panel Market - Company Profiles

    • Aeropair Ltd
    • Aim Altitude UK Ltd.
    • Avcorp Industries Inc.
    • Collins Aerospace, a Raytheon Technologies Corporation company
    • Euro Composite S.A.
    • Safran S.A
    • Singapore Technologies Engineering Ltd    
    • The Gill Corporation
    • The Nordam Group LLC    

    The List of Companies - Europe Aircraft Floor Panel Market

    Some of the leading companies are:

    1. Aeropair Ltd
    2. Aim Altitude UK Ltd.
    3. Avcorp Industries Inc.
    4. Collins Aerospace, a Raytheon Technologies Corporation company
    5. Euro Composite S.A.
    6. Safran S.A
    7. Singapore Technologies Engineering Ltd    
    8. The Gill Corporation
    9. The Nordam Group LLC
    Frequently Asked Questions
    How big is the Europe Aircraft Floor Panel Market?

    The Europe Aircraft Floor Panel Market is valued at US$ 186.63 Million in 2019, it is projected to reach US$ 325.57 Million by 2027.

    What is the CAGR for Europe Aircraft Floor Panel Market by (2020 - 2027)?

    As per our report Europe Aircraft Floor Panel Market, the market size is valued at US$ 186.63 Million in 2019, projecting it to reach US$ 325.57 Million by 2027. This translates to a CAGR of approximately 9.7 % during the forecast period.

    What segments are covered in this report?

    The Europe Aircraft Floor Panel Market report typically cover these key segments-

    • Aircraft Type (Wide Body Aircrafts, Narrow Body Aircrafts, General Aviation)
    • Material Type (Aluminum Honeycomb, Nomex Honeycomb)
    • Sales Channel (OEM, Aftermarket)
    • End User (Commercial, Military)

    What is the historic period, base year, and forecast period taken for Europe Aircraft Floor Panel Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Aircraft Floor Panel Market report:

  • Historic Period : 2017-2018
  • Base Year : 2019
  • Forecast Period : 2020-2027
  • Who are the major players in Europe Aircraft Floor Panel Market?

    The Europe Aircraft Floor Panel Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • Aeropair Ltd
  • Aim Altitude UK Ltd.
  • Avcorp Industries Inc.
  • Collins Aerospace, a Raytheon Technologies Corporation company
  • Euro Composite S.A.
  • Safran S.A
  • Singapore Technologies Engineering Ltd
  • The Gill Corporation
  • The Nordam Group LLC
  • Who should buy this report?

    The Europe Aircraft Floor Panel Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the Europe Aircraft Floor Panel Market value chain can benefit from the information contained in a comprehensive market report.

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