At 3.3% CAGR, Middle East & Africa Aircraft Floor Panel Market is Projected to be WWorth US$ 42.27 Million by 2031 says Business Market Insights

According to Business Market Insights research, the Middle East & Africa aircraft floor panel market was valued at US$ 33.60 million in 2024 and is expected to reach US$ 42.27 million by 2031, registering a CAGR of 3.3% from 2024 to 2031. Growing number of general aviation aircraft and helicopter deliveries and upcoming aircraft deliveries are among the critical factors attributed to the Middle East & Africa aircraft floor panel market.

The increase in orders for general aviation aircraft and helicopters from airlines in 2022 and 2023 worldwide boosted deliveries of these aircraft in 2023. As per the General Aviation Manufacturers Association (GAMA) data, 3,050 airplanes and 1,020 helicopters were delivered in 2023, with a growth rate of 9% and 9.9%, respectively, compared to 2022. For instance, in December 2024, Air India placed an order to purchase 100 more Airbus aircraft, comprising 10 widebody A350 and 90 narrowbody A320 Family aircraft, including A321neo. These 100 new aircraft are in addition to the firm orders of 470 aircraft that Air India had placed with Airbus and Boeing in 2023. In addition, the increase in backlogs for all segments of general aviation aircraft and helicopters is expected to further surge deliveries from 2023 to 2031. As per the data from GAMA, the number of deliveries of different types of general aviation aircraft and helicopters from 2020 to 2023 is shown in the figure below.

As per the data from GAMA, the deliveries of airplanes and helicopters have increased from 2020 to 2023, resulting in a rise in demand for aircraft floor panels for the production of different general aviation models. Thus, the growing number of general aviation aircraft deliveries fuels the growth of the aircraft floor panel market.

On the contrary, increase in geopolitical events to hinder supply chain of aircraft components hampers the growth of Middle East & Africa aircraft floor panel market.

Based on aircraft type, the Middle East & Africa aircraft floor panel market is segmented into narrow body aircraft, wide body aircraft, general aviation, and others. The wide body aircraft segment held 42.5% market share in 2024, amassing US$ 14.28 million. It is projected to garner US$ 18.05 million by 2031 to register 3.4% CAGR during 2024–2031.

By material type, the Middle East & Africa aircraft floor panel market is bifurcated into aluminum honeycomb and nomex honeycomb. The nomex honeycomb segment held 64.4% share of Middle East & Africa aircraft floor panel market in 2024, amassing US$ 21.64 million. It is projected to garner US$ 27.93 million by 2031 to expand at 3.7% CAGR from 2024 to 2031.

In terms of application, the Middle East & Africa aircraft floor panel market is bifurcated into commercial aviation and military aviation. The commercial aviation segment held 82.0% share of Middle East & Africa aircraft floor panel market in 2024, amassing US$ 27.55 million. It is projected to garner US$ 35.10 million by 2031 to expand at 3.5% CAGR from 2024 to 2031.

Based on end use, the Middle East & Africa aircraft floor panel market is bifurcated into OEMs and aftermarket. The aftermarket segment held 88.0% market share in 2024, amassing US$ 29.57 million. It is projected to garner US$ 37.02 million by 2031 to register 3.3% CAGR during 2024–2031.

Based on country, the Middle East & Africa aircraft floor panel market is categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that Saudi Arabia captured 35.0% share of Middle East & Africa aircraft floor panel market in 2024. It was assessed at US$ 11.75 million in 2024 and is likely to hit US$ 16.03 million by 2031, registering a CAGR of 4.5% during 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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