At 8.1% CAGR, Europe Aircraft Floor Panel Market is Projected to be WWorth US$ 339.33 Million by 2031 says Business Market Insights

According to Business Market Insights research, the Europe Aircraft Floor Panel Market was valued at US$ 196.80 million in 2024 and is expected to reach US$ 339.33 million by 2031, registering a CAGR of 8.1% from 2024 to 2031. Surge in global aircraft fleet size and upcoming aircraft deliveries are among the critical factors attributed to drive the Europe aircraft floor panel market.

As per the Insight Partners analysis and various aerospace industry resources in 2024, the total number of existing commercial aircraft was more than 28,395 across the globe, including over 17,260 narrow body aircraft; approximately 5,755 widebody aircraft; ~3,040 regional jets; and ~2,334 Turboprop. By 2034, the total number of commercial aircraft is expected to exceed 36,400 worldwide, including over 22,974 narrow body aircraft; ~7,400 widebody aircraft; approximately 3,465 regional jets; and ~2,565 Turboprop. In addition, according to the ch-aviation data on aircraft fleet orders from across the world, as of June 2023, the US accounted for the highest number of aircraft orders (excluding military aircraft and aircraft with unknown operator/engine) worldwide with a total of 3,147 aircraft on order—followed by Ireland, China, and India with 1,247; 1,239; and 888 aircraft orders, respectively. According to the same data, the top five consumers with aircraft orders are United Airlines, IndiGo Airlines, Lion Air, Air Lease Corporation, and AirAsia, among which two are based in Asia Pacific. Engine and airframe maintenance and repair were the most prominent in 2024. Thus, the growing global aircraft fleet size is expected to generate new opportunities for aircraft component suppliers, including aircraft floor panel manufacturers, in the coming years.

On the contrary, increase in geopolitical events to hinder supply chain of aircraft component hampers the growth of Europe aircraft floor panel market.

Based on aircraft type, the Europe aircraft floor panel market is segmented into narrow body aircraft, wide body aircraft, general aviation, and others. The narrow body aircraft segment held 43.0% market share in 2024, amassing US$ 84.63 million. It is projected to garner US$ 150.33 million by 2031 to register 8.6% CAGR during 2024–2031.

By material type, the Europe aircraft floor panel market is bifurcated into aluminum honeycomb and nomex honeycomb. The nomex honeycomb segment held 58.8% share of Europe aircraft floor panel market in 2024, amassing US$ 115.71 million. It is projected to garner US$ 206.46 million by 2031 to expand at 8.6% CAGR from 2024 to 2031.

In terms of application, the Europe aircraft floor panel market is bifurcated into commercial aviation and military aviation. The commercial aviation segment held 77.9% share of Europe aircraft floor panel market in 2024, amassing US$ 153.39 million. It is projected to garner US$ 269.31 million by 2031 to expand at 8.4% CAGR from 2024 to 2031.

Based on end use, the Europe aircraft floor panel market is bifurcated into OEMs and Aftermarket. The OEMs segment held 70.2% market share in 2024, amassing US$ 138.14 million. It is projected to garner US$ 246.22 million by 2031 to register 8.6% CAGR during 2024–2031

Based on country, the Europe aircraft floor panel market is categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that France captured 39.4% share of Europe aircraft floor panel market in 2024. It was assessed at US$ 77.56 million in 2024 and is likely to hit US$ 143.43 million by 2031, registering a CAGR of 9.2% from 2024 to 2031.

Key players operating in the aircraft floor panel market are Singapore Technologies Engineering Ltd; Collins Aerospace; Safran SA; Triumph Group Inc; Latecose SA; The Gill Corporation; The Nordam Group LLC; Aeropair Ltd; The Boeing Co; VINCORION Advanced Systems GmbH; JCB Aero; Jones Metal Products; Geven spa; LMI Aerospace; Eco Earth solutions; and Euro Composite S.A; , among others.

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