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Europe 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: TIPRE00017242 | Pages: 124 | Industry: Aerospace and Defense | Date: Dec 2020
Covid

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. 

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    

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.           Europe 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.           Europe Aircraft Floor Panel Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Highlighting Aircraft Orders and Delivery Volumes

5.1.2        Rising Emphasis on Use of Lightweight Materials

5.2         Market Restraint

5.2.1        Boeing’s Issue from B737 Max and Stoppage of A380 Program

5.3         Market Opportunities

5.3.1        Increase in Adoption of Wide-Body Jets and Business Jets

5.4         Trend

5.4.1        Growth in the Demand for Air Freighter Fleet

5.5         Impact Analysis of Drivers and Restraints

6.           Aircraft Floor Panel Market – Europe Analysis

6.1         Overview

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

6.3         Market Positioning – Market Players Ranking

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

7.1         Overview

7.1.1        Europe 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.           Europe Aircraft Floor Panel Market Analysis – By Material Type

8.1         Overview

8.2         Europe 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.           Europe Aircraft Floor Panel Market Analysis – By Sales Channel

9.1         Overview

9.2         Europe 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.        Europe Aircraft Floor Panel Market Analysis – By End User

10.1      Overview

10.2      Europe 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.        Europe Aircraft Floor Panel Market – Country Analysis

11.1      Overview

11.1.1     Europe: Aircraft Floor Panel Market, By Country

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

11.1.1.1.1       Germany: Aircraft Floor Panel Market, by Aircraft Type

11.1.1.1.2       Germany: Aircraft Floor Panel Market, by Material Type

11.1.1.1.3       Germany: Aircraft Floor Panel Market, by Sales Channel

11.1.1.1.4       Germany: Aircraft Floor Panel Market, by End User

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

11.1.1.2.1       France: Aircraft Floor Panel Market, by Aircraft Type

11.1.1.2.2       France: Aircraft Floor Panel Market, by Material Type

11.1.1.2.3       France: Aircraft Floor Panel Market, by Sales Channel

11.1.1.2.4       France: Aircraft Floor Panel Market, by End User

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

11.1.1.3.1       Italy: Aircraft Floor Panel Market, by Aircraft Type

11.1.1.3.2       Italy: Aircraft Floor Panel Market, by Material Type

11.1.1.3.3       Italy: Aircraft Floor Panel Market, by Sales Channel

11.1.1.3.4       Italy: Aircraft Floor Panel Market, by End User

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

11.1.1.4.1       UK: Aircraft Floor Panel Market, by Aircraft Type

11.1.1.4.2       UK: Aircraft Floor Panel Market, by Material Type

11.1.1.4.3       UK: Aircraft Floor Panel Market, by Sales Channel

11.1.1.4.4       UK: Aircraft Floor Panel Market, by End User

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

11.1.1.5.1       Russia: Aircraft Floor Panel Market, by Aircraft Type

11.1.1.5.2       Russia: Aircraft Floor Panel Market, by Material Type

11.1.1.5.3       Russia: Aircraft Floor Panel Market, by Sales Channel

11.1.1.5.4       Russia: Aircraft Floor Panel Market, by End User

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

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

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

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

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

12.        Impact of COVID-19 Outbreak

12.1      Europe: 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      Euro Composite S.A.

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      Safran 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      The Gill Corporation

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 Nordam Group LLC

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      Singapore Technologies Engineering Ltd

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

15.        Appendix

15.1      About The Insight Partners

15.2      Word Index

LIST OF TABLES

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Table 25.          Rest of Europe Market, By End User – Revenue and Forecast to 2027 (US$ Million)

Table 26.          List of Abbreviation

LIST OF FIGURES

Figure 1.           Europe Aircraft Floor Panel Market Segmentation

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

Figure 3.           Europe Aircraft Floor Panel Market Overview

Figure 4.           Europe Aircraft Floor Panel Market, by Country

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

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

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

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

Figure 9.           Porter’s Five Forces Analysis

Figure 10.        Ecosystem Analysis

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 33.        Impact of COVID-19 Pandemic in Europe Country 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
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe 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 Europe 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 Europe 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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