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Asia Pacific Aircraft Floor Panel Market Forecast to 2027 - COVID-19 Impact and Regional 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)

Code: TIPRE00017243 | Pages: 126 | Industry: Aerospace and Defense | Date: Dec 2020
Covid

Market Introduction

The APAC aircraft manufacturing industry is witnessing significant growth due to the surging demand for passenger and military aircraft across APAC. The increasing disposable incomes and growing population in various countries across APAC region are some of the major factors driving the demand for various aircrafts types. The mounting demand for air travel across APAC 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 APAC aircraft floor panel market. The technological developments and substantial investments in research and development by OEMs to manufacture aerospace structural parts are also anticipated to accelerate the market growth during the forecast period across APAC region. Factors such as upsurge in the adoption of wide body jets and business jets and rising demand for air freighter fleet are expected to drive the APAC aircraft floor panel market growth.

Furthermore, in case of COVID-19, APAC is highly affected specially the China and India. China is one of the leading aerospace manufacturing countries in the region and has been one of APAC's most affected country. Due to this, the manufacturing facilities have been witnessing severe conditions in aircraft and aircraft component manufacturing facilities. India, Japan, and South Korea are still combating the virus. However, the countries have eased the lockdown measures, which is reflecting the restart of manufacturing facilities. Nonetheless, the remarkable lower volumes of air travel passengers have slowed down the demand for various components among the OEMs and aftermarket players regionally and internationally. This has been negatively affecting the aircraft floor panels market. Several airlines in the region have retired their wide body jets and narrow body jets, which were prime customers of aftermarket products and services. This factor is anticipated to inhibit the aircraft floor panel market for the next few months. 

Market Overview and Dynamics

The APAC aircraft floor panel market is expected to grow from US$ 109.99 million in 2019 to US$ 183.00 million by 2027; it is estimated to grow at a CAGR of 8.6 % from 2020 to 2027. Noticeable aircraft orders and delivery volumes across APAC region is expected to accelerate the APAC aircraft floor panel market. The APAC 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 driving the aircraft floor panels market across APAC region. Owing to the continuously rising production volumes to bridge the gap between demand and supply of aircraft, the OEMs across APAC region 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. However, the inclination toward long-range, narrow body type is increasing as the majority of commercial aviation companies across APAC region are focusing on increasing fleet size along with lowering operational costs. Growing aircraft orders and delivery volumes will increase the demand of aircraft floor panels, which will drive the APAC aircraft floor panel market.

Key Market Segments

In terms of aircraft type, the narrow body aircrafts segment accounted for the largest share of the APAC aircraft floor panel market in 2019. In terms of material type, the nomex honeycomb segment held a larger market share of the APAC aircraft floor panel market in 2019. Similarly, in terms of sales channel, the aftermarket segment held a larger market share of the APAC aircraft floor panel market in 2019. Further, the commercial segment held a larger share of the APAC 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 APAC 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; Eco Earth solutions; 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 APAC 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 APAC aircraft floor panel market
  • Efficiently plan M&A and partnership deals in APAC 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 APAC aircraft floor panel market
  • Obtain market revenue forecast for market by various segments from 2020-2027 in APAC region.

 

APAC Aircraft Floor Panel Market Segmentation

APAC Aircraft Floor Panel Market - By Aircraft Type

  • Wide Body Aircrafts
  • Narrow Body Aircrafts
  • General Aviation

APAC Aircraft Floor Panel Market - By Material Type

  • Aluminum Honeycomb
  • Nomex Honeycomb

APAC Aircraft Floor Panel Market - By Sales Channel

  • OEM
  • Aftermarket

APAC Aircraft Floor Panel Market - By End User

  • Commercial
  • Military

APAC Aircraft Floor Panel Market - By Country

  • Australia
  • China
  • India  
  • Japan
  • South Korea
  • Rest of APAC  

APAC Aircraft Floor Panel Market - Company Profiles

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

TABLE OF CONTENTS

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           APAC Aircraft Floor Panel Market Landscape

4.1         Market Overview

4.2         Porter’s Five Forces Analysis

4.2.1        Bargaining Power of Buyers

4.2.2        Bargaining Power of Suppliers

4.2.3        Threat to New Entrants

4.2.4        Threat to Substitutes

4.3         Ecosystem Analysis

5.           APAC Aircraft Floor Panel Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Noticeable Aircraft Orders and Delivery Volumes

5.1.2        Soaring Focus on Use of Lightweight Materials

5.2         Market Restraint

5.2.1        Boeing’s Problem from B737 Max and Termination of A380 Program

5.3         Market Opportunities

5.3.1        Upsurge in the Adoption of Wide-Body Jets and Business Jets

5.4         Trend

5.4.1        Rising Demand for Air Freighter Fleet

5.5         Impact Analysis of Drivers and Restraints

6.           Aircraft Floor Panel Market – APAC Analysis

6.1         Overview

6.2         APAC Aircraft Floor Panel Market – Revenue and Forecast to 2027 (US$ million)

6.3         Market Positioning – Market Players Ranking

7.           APAC Aircraft Floor Panel Market Analysis – By Aircraft Type

7.1         Overview

7.1.1        APAC Aircraft Floor Panel Market Breakdown, by Aircraft Type, 2019 & 2027

7.2         Wide body Aircraft

7.2.1        Overview

7.2.2        Wide body Aircraft Market Revenue and Forecast to 2027 (US$ Million)

7.3         Narrow body Aircraft

7.3.1        Overview

7.3.2        Narrow body Aircrafts Market Revenue and Forecast to 2027 (US$ Million)

7.4         General Aviation

7.4.1        Overview

7.4.2        General Aviation Market Revenue and Forecast to 2027 (US$ Million)

8.           APAC Aircraft Floor Panel Market Analysis – By Material Type

8.1         Overview

8.2         APAC Aircraft Floor Panel Market Breakdown, by Material Type, 2019 & 2027

8.3         Aluminum Honeycomb

8.3.1        Overview

8.3.2        Aluminum Honeycomb Market Revenue and Forecast to 2027 (US$ Million)

8.4         Nomex Honeycomb

8.4.1        Overview

8.4.2        Nomex Honeycomb Market Revenue and Forecast to 2027 (US$ Million)

9.           APAC Aircraft Floor Panel Market Analysis – By Sales Channel

9.1         Overview

9.2         APAC Aircraft floor panel Market Breakdown, by Sales Channel, 2019 & 2027

9.3         OEM

9.3.1        Overview

9.3.2        OEM Market Revenue and Forecast to 2027 (US$ Million)

9.4         Aftermarket

9.4.1        Overview

9.4.2        Aftermarket Market Revenue and Forecast to 2027 (US$ Million)

10.        APAC Aircraft Floor Panel Market Analysis – By End User

10.1      Overview

10.2      APAC Aircraft floor panel Market Breakdown, by End User, 2019 & 2027

10.3      Commercial

10.3.1     Overview

10.3.2     Commercial Market Revenue and Forecast to 2027 (US$ Million)

10.4      Military

10.4.1     Overview

10.4.2     Military Market Revenue and Forecast to 2027 (US$ Million)

11.        APAC Aircraft Floor Panel Market – Country Analysis

11.1      Overview

11.1.1     APAC: Aircraft Floor Panel Market, By Country

11.1.1.1       Australia: Aircraft Floor Panel Market – Revenue and Forecast to 2027 (US$ Million)

11.1.1.1.1       Australia: Aircraft Floor Panel Market, by Aircraft Type

11.1.1.1.2       Australia: Aircraft Floor Panel Market, by Material Type

11.1.1.1.3       Australia: Aircraft Floor Panel Market, by Sales Channel

11.1.1.1.4       Australia: Aircraft Floor Panel Market, by End User

11.1.1.2       China: Aircraft Floor Panel Market – Revenue and Forecast to 2027 (US$ Million)

11.1.1.2.1       China: Aircraft Floor Panel Market, by Aircraft Type

11.1.1.2.2       China: Aircraft Floor Panel Market, by Material Type

11.1.1.2.3       China: Aircraft Floor Panel Market, by Sales Channel

11.1.1.2.4       China: Aircraft Floor Panel Market, by End User

11.1.1.3       India: Aircraft Floor Panel Market – Revenue and Forecast to 2027 (US$ Million)

11.1.1.3.1       India: Aircraft Floor Panel Market, by Aircraft Type

11.1.1.3.2       India: Aircraft Floor Panel Market, by Material Type

11.1.1.3.3       India: Aircraft Floor Panel Market, by Sales Channel

11.1.1.3.4       India: Aircraft Floor Panel Market, by End User

11.1.1.4       Japan: Aircraft Floor Panel Market – Revenue and Forecast to 2027 (US$ Million)

11.1.1.4.1       Japan: Aircraft Floor Panel Market, by Aircraft Type

11.1.1.4.2       Japan: Aircraft Floor Panel Market, by Material Type

11.1.1.4.3       Japan: Aircraft Floor Panel Market, by Sales Channel

11.1.1.4.4       Japan: Aircraft Floor Panel Market, by End User

11.1.1.5       South Korea: Aircraft Floor Panel Market – Revenue and Forecast to 2027 (US$ Million)

11.1.1.5.1       South Korea: Aircraft Floor Panel Market, by Aircraft Type

11.1.1.5.2       South Korea: Aircraft Floor Panel Market, by Material Type

11.1.1.5.3       South Korea: Aircraft Floor Panel Market, by Sales Channel

11.1.1.5.4       South Korea: Aircraft Floor Panel Market, by End User

11.1.1.6       Rest of APAC: Aircraft Floor Panel Market – Revenue and Forecast to 2027 (US$ Million)

11.1.1.6.1       Rest of APAC: Aircraft Floor Panel Market, by Aircraft Type

11.1.1.6.2       Rest of APAC: Aircraft Floor Panel Market, by Material Type

11.1.1.6.3       Rest of APAC: Aircraft Floor Panel Market, by Sales Channel

11.1.1.6.4       Rest of APAC: Aircraft Floor Panel Market, by End User

12.        Impact of COVID-19 Outbreak

12.1      APAC: Impact Assessment of COVID-19 Pandemic

13.        Industry Landscape

13.1      Overview

13.2      Market Initiative

14.        Company Profiles

14.1      Aeropair Ltd

14.1.1     Key Facts

14.1.2     Business Description

14.1.3     Products and Services

14.1.4     Financial Overview

14.1.5     SWOT Analysis

14.1.6     Key Developments

14.2      Avcorp Industries Inc.

14.2.1     Key Facts

14.2.2     Business Description

14.2.3     Products and Services

14.2.4     Financial Overview

14.2.5     SWOT Analysis

14.2.6     Key Developments

14.3      Collins Aerospace, a Raytheon Technologies Corporation company

14.3.1     Key Facts

14.3.2     Business Description

14.3.3     Products and Services

14.3.4     Financial Overview

14.3.5     SWOT Analysis

14.3.6     Key Developments

14.4      Aim Altitude UK Ltd.

14.4.1     Key Facts

14.4.2     Business Description

14.4.3     Products and Services

14.4.4     Financial Overview

14.4.5     SWOT Analysis

14.4.6     Key Developments

14.5      Eco Earth solutions

14.5.1     Key Facts

14.5.2     Business Description

14.5.3     Products and Services

14.5.4     Financial Overview

14.5.5     SWOT Analysis

14.5.6     Key Developments

14.6      Euro Composite S.A.

14.6.1     Key Facts

14.6.2     Business Description

14.6.3     Products and Services

14.6.4     Financial Overview

14.6.5     SWOT Analysis

14.6.6     Key Developments

14.7      Safran S.A

14.7.1     Key Facts

14.7.2     Business Description

14.7.3     Products and Services

14.7.4     Financial Overview

14.7.5     SWOT Analysis

14.7.6     Key Developments

14.8      The Gill Corporation

14.8.1     Key Facts

14.8.2     Business Description

14.8.3     Products and Services

14.8.4     Financial Overview

14.8.5     SWOT Analysis

14.8.6     Key Developments

14.9      The Nordam Group LLC

14.9.1     Key Facts

14.9.2     Business Description

14.9.3     Products and Services

14.9.4     Financial Overview

14.9.5     SWOT Analysis

14.9.6     Key Developments

14.10   Singapore Technologies Engineering Ltd

14.10.1  Key Facts

14.10.2  Business Description

14.10.3  Products and Services

14.10.4  Financial Overview

14.10.5  SWOT Analysis

14.10.6  Key Developments

15.        Appendix

15.1      About The Insight Partners

15.2      Word Index

LIST OF TABLES

Table 1.             APAC Aircraft Floor Panel Market – Revenue and Forecast to 2027 (US$ million)

Table 2.             Australia: Aircraft Floor Panel Market, By Aircraft Type – Revenue and Forecast to 2027 (US$ Million)

Table 3.             Australia: Aircraft Floor Panel Market, By Material Type – Revenue and Forecast to 2027 (US$ Million)

Table 4.             Australia: Aircraft Floor Panel Market, By Sales Channel – Revenue and Forecast to 2027 (US$ Million)

Table 5.             Australia: Aircraft Floor Panel Market, By End User – Revenue and Forecast to 2027 (US$ Million)

Table 6.             China: Aircraft Floor Panel Market, By Aircraft Type – Revenue and Forecast to 2027 (US$ Million)

Table 7.             China: Aircraft Floor Panel Market, By Material Type – Revenue and Forecast to 2027 (US$ Million)

Table 8.             China: Aircraft Floor Panel Market, By Sales Channel – Revenue and Forecast to 2027 (US$ Million)

Table 9.             China: Aircraft Floor Panel Market, By End User – Revenue and Forecast to 2027 (US$ Million)

Table 10.          India: Aircraft Floor Panel Market, By Aircraft Type – Revenue and Forecast to 2027 (US$ Million)

Table 11.          India: Aircraft Floor Panel Market, By Material Type – Revenue and Forecast to 2027 (US$ Million)

Table 12.          India: Aircraft Floor Panel Market, By Sales Channel – Revenue and Forecast to 2027 (US$ Million)

Table 13.          India: Aircraft Floor Panel Market, By End User – Revenue and Forecast to 2027 (US$ Million)

Table 14.          Japan: Aircraft Floor Panel Market, By Aircraft Type – Revenue and Forecast to 2027 (US$ Million)

Table 15.          Japan: Aircraft Floor Panel Market, By Material Type – Revenue and Forecast to 2027 (US$ Million)

Table 16.          Japan: Aircraft Floor Panel Market, By Sales Channel – Revenue and Forecast to 2027 (US$ Million)

Table 17.          Japan: Aircraft Floor Panel Market, By End User – Revenue and Forecast to 2027 (US$ Million)

Table 18.          South Korea: Aircraft Floor Panel Market, By Aircraft Type– Revenue and Forecast to 2027 (US$ Million)

Table 19.          South Korea: Aircraft Floor Panel Market, By Material Type – Revenue and Forecast to 2027 (US$ Million)

Table 20.          South Korea: Aircraft Floor Panel Market, By Sales Channel – Revenue and Forecast to 2027 (US$ Million)

Table 21.          South Korea: Aircraft Floor Panel Market, By End User – Revenue and Forecast to 2027 (US$ Million)

Table 22.          Rest of APAC: Aircraft Floor Panel Market, By Aircraft Type – Revenue and Forecast to 2027 (US$ Million)

Table 23.          Rest of APAC: Aircraft Floor Panel Market, By Material Type – Revenue and Forecast to 2027 (US$ Million)

Table 24.          Rest of APAC: Aircraft Floor Panel Market, By Sales Channel – Revenue and Forecast to 2027 (US$ Million)

Table 25.          Rest of APAC: Aircraft Floor Panel Market, By End User – Revenue and Forecast to 2027 (US$ Million)

Table 26.          List of Abbreviation

LIST OF FIGURES

Figure 1.           APAC Aircraft Floor Panel Market Segmentation

Figure 2.           APAC Aircraft Floor Panel Market Segmentation – By Country

Figure 3.           APAC Aircraft Floor Panel Market Overview

Figure 4.           APAC Aircraft Floor Panel Market, by Country

Figure 5.           APAC Aircraft Floor Panel Market, By Aircraft Type

Figure 6.           APAC Aircraft Floor Panel Market, By Material Type

Figure 7.           APAC Aircraft Floor Panel Market, By Sales Channel

Figure 8.           APAC Aircraft Floor Panel Market, By End User

Figure 9.           Porter’s Five Forces Analysis

Figure 10.        Ecosystem Analysis

Figure 11.        APAC Aircraft Floor Panel Market: Impact Analysis of Drivers and Restraints

Figure 12.        APAC Aircraft Floor Panel Market – Revenue and Forecast to 2027 (US$ million)

Figure 13.        APAC Aircraft Floor Panel Market Breakdown, by Aircraft Type (2019 and 2027)

Figure 14.        APAC Wide body Aircraft Market Revenue and Forecast to 2027(US$ Million)

Figure 15.        APAC Narrow body Aircrafts Market Revenue and Forecast to 2027(US$ Million)

Figure 16.        APAC General Aviation Market Revenue and Forecast to 2027(US$ Million)

Figure 17.        APAC Aircraft Floor Panel Market Breakdown, by Material Type (2019 and 2027)

Figure 18.        APAC Aluminum Honeycomb Market Revenue and Forecast to 2027(US$ Million)

Figure 19.        APAC Nomex Honeycomb Market Revenue and Forecast to 2027(US$ Million)

Figure 20.        APAC Aircraft Floor Panel Market Breakdown, by Sales Channel (2019 and 2027)

Figure 21.        APAC OEM Market Revenue and Forecast to 2027(US$ Million)

Figure 22.        APAC Aftermarket Market Revenue and Forecast to 2027(US$ Million)

Figure 23.        APAC Aircraft Floor Panel Market Breakdown, by End User (2019 and 2027)

Figure 24.        APAC Commercial Market Revenue and Forecast to 2027(US$ Million)

Figure 25.        APAC Military Market Revenue and Forecast to 2027(US$ Million)

Figure 26.        APAC: Aircraft Floor Panel Market Revenue Share, By Country (2019 and 2027)

Figure 27.        Australia: Aircraft Floor Panel Market – Revenue and Forecast to 2027 (US$ Million)

Figure 28.        China: Aircraft Floor Panel Market – Revenue and Forecast to 2027 (US$ Million)

Figure 29.        India: Aircraft Floor Panel Market – Revenue and Forecast to 2027 (US$ Million)

Figure 30.        Japan: Aircraft Floor Panel Market – Revenue and Forecast to 2027 (US$ Million)

Figure 31.        South Korea: Aircraft Floor Panel Market – Revenue and Forecast to 2027 (US$ Million)

Figure 32.        Rest of APAC: Aircraft Floor Panel Market – Revenue and Forecast to 2027 (US$ Million)

Figure 33.        Impact of COVID-19 Pandemic in APAC Country Markets

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. Eco Earth solutions
  6. Euro Composite S.A.
  7. Safran S.A
  8. Singapore Technologies Engineering Ltd
  9. The Gill Corporation
  10. The Nordam Group LLC
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC aircraft floor panel market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the APAC aircraft floor panel market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the aircraft floor panel market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution         

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