Middle East and Africa Aircraft Floor Panel Market

Market Introduction

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 MEA aircraft floor panel market. Moreover, the steady growth in passenger traffic and fluctuations in traffic volumes at individual airports are expected to increase airlines' demand for passenger aircraft which will increase the demand of aircraft floor panels, which will drive the MEA aircraft floor panel market. The technological developments and substantial investments in R & D by OEMs to manufacture aerospace structural parts are also anticipated to accelerate the MEA market growth during the forecast period. Other factor such as mounting emphasis on use of lightweight materials and increasing demand for air freighter fleet are also expected to drive the MEA aircraft floor panel market.

Furthermore, in case of COVID-19, MEA is highly affected specially the UAE and Iran. The MEA aircraft floor panels market is majorly affected by the disruption in the supply chain. Pertaining to the closure of countries' borders, the supply chain of several components and parts has been disturbed. The demand for advanced aircraft components, including aircraft floor panels for line fitting and retrofitting activities on military aircraft fleet and general aviation fleet among the aircraft manufacturers, military forces, and MRO service providers, has weakened over the past couple of months. This has resulted in a loss of business among the aircraft floor panel market players offering their products to respective customers in the MEA region. Additionally, several airlines have postponed or canceled the procurement or orders of scheduled aircraft. South Africa has few aircraft manufacturers, which produce general aviation piston aircraft. The widespread COVID – 19 viruses have led the manufacturers to suspend their operations or operate with a minimal workforce temporarily. This has weakened the demand for aircraft floor panels, thereby hindering the country's aircraft floor panel market

Middle East and Africa Aircraft Floor Panel Strategic Insights

Strategic insights for the Middle East and Africa 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.

Middle East and Africa Aircraft Floor Panel Report Scope

Middle East and Africa Aircraft Floor Panel Regional Insights

The geographic scope of the Middle East and Africa 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.

The MEA aircraft floor panel market is expected to grow from US$ 33.96 million in 2019 to US$ 47.63 million by 2027; it is estimated to grow at a CAGR of 5.4 % from 2020 to 2027. Growing aircraft orders and delivery volumes across MEA region is expected to accelerate the MEA aircraft floor panel market. The MEA aviation industry is undergoing expansion at a rapid pace, recording significant production volumes and deliveries of aircraft (commercial and military) fleet. Specifically, the commercial aviation industry has witnessed tremendous growth in the past few years with the emergence of new low cost carriers (LCCs) and fleet expansion strategies adopted by the full service carriers (FSCs). Further, commercial aviation is foreseen to surge in the coming years owing to the mounting number of air travel passengers and aircraft procurement. This surge in aircraft production is boosting the demand for aircraft floor panels across MEA region. Airbus and Boeing are the two aircraft manufacturing giants with significantly greater volumes of orders and delivery statistics. These two aircraft original equipment manufacturers (OEMs) are continuously encountering orders for various aircraft models from different civil airlines. Owing to the continuously rising production volumes to bridge the gap between demand and supply of aircraft, the OEMs are increasingly procuring large volumes of aircraft floor panels. In the current scenario, the demand for both wide body and narrow body aircraft fleet is high. Growing aircrafts orders and delivery volumes due to increase in the number passengers across MEA region is expected to escalate the demand of aircraft floor panels, which will drive the MEA aircraft floor panel market.

Key Market Segments

In terms of aircraft type, the wide body aircrafts segment accounted for the largest share of the MEA aircraft floor panel market in 2019. In terms of material type, the nomex honeycomb segment held a larger market share of the MEA aircraft floor panel market in 2019. Similarly, in terms of sales channel, the aftermarket segment held a larger market share of the MEA aircraft floor panel market in 2019. Further, the commercial segment held a larger share of the MEA 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 MEA 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 Aim Altitude UK Ltd.; Collins Aerospace, a Raytheon Technologies Corporation company; Euro Composite S.A.; Safran S.A; Singapore Technologies Engineering Ltd; The Gill Corporation.

Reasons to buy report

• To understand the MEA 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 MEA aircraft floor panel market
• Efficiently plan M&A and partnership deals in MEA 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 MEA aircraft floor panel market
• Obtain market revenue forecast for market by various segments from 2020-2027 in MEA region.              

MEA Aircraft Floor Panel Market Segmentation  

MEA Aircraft Floor Panel Market - By Aircraft Type

• Wide Body Aircrafts
• Narrow Body Aircrafts
• General Aviation

MEA Aircraft Floor Panel Market - By

Material Type

• Aluminum Honeycomb
• Nomex Honeycomb

MEA Aircraft Floor Panel Market - By

Sales Channel

• OEM
• Aftermarket

MEA Aircraft Floor Panel Market - By

End User

• Commercial
• Military

MEA Aircraft Floor Panel Market - By Country

• Saudi Arabia
• UAE
• South Africa
• Rest of MEA           

MEA Aircraft Floor Panel Market - Company Profiles

• Aim Altitude UK Ltd.
• Collins Aerospace, a Raytheon Technologies Corporation company
• Euro Composite S.A.
• Safran S.A
• Singapore Technologies Engineering Ltd
• The Gill Corporation