North America Aircraft Floor Panel Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis

The North America aircraft floor panel market size is expected to reach US$ 348.91 million by 2031 from US$ 225.68 million in 2024. The market is estimated to record a CAGR of 6.4% from 2024-2031.

Executive Summary and North America Aircraft Floor Panel Market Analysis:

Airlines spend massive amounts every year to meet aircrafts demand, which account for a significant portion of their overall operating costs. The aircraft floor panel market in North America is expected to be driven by a rise in air passenger traffic; the need to improve operability and performance; and the need for disassembling, replacing, testing, and repairing many sections of aircraft. The US airlines carried more than 89.7 million domestic and international passengers in June 2024, according to the Bureau of Transportation Statistics (BTS). The North American aviation industry is likely to continue generating relatively higher profits from the US owing to the continuity of air travel. Many companies in the US are developing advanced floor panels for aircraft MRO companies to reduce the weight of the aircraft and enhance fuel efficiency. With the launch and purchase of new aircraft, several maintenance contracts and agreements are routinely signed between aircraft floor panel service providers and airlines, defense agencies, and others. For instance, in August 2022, The Gill Corporation was awarded a contract to enhance the production of fabricated floor panels for Boeing 777, 777X, and 787 aircraft. The company provides aircraft floor panels directly to Boeing. TGC was awarded the tier 1 contract under the Boeing 787 program in 2014, followed by several aircraft floor panel fabrication contracts for the Boeing 777 and 777X programs. TGC offers Nomex and aluminum honeycomb-based lightweight, high-performance composite sandwich panels. TGC supplies these aircraft panel materials for the Boeing 737 and 767 programs. According to The Insight Partners analysis, in 2023, North America had a fleet of more than 8,000 operational commercial aircraft, which is expected to reach ~10,000 by the end of 2033. Such a huge number of operating commercial aircraft will further generate the demand for aircraft floor panel products in this region. Moreover, the increase in the number of aircraft fleets across North America is expected to bolster the requirement for aircraft floor panels from the major aircraft MRO companies.One of the factors catalyzing the aircraft floor panel market is the continued emphasis on increasing the spending on maintenance and repair activities of various components. Furthermore, MRO service providers in the region continually focus on adopting innovative materials for aircraft floor panels. Aircraft MRO service companies, airlines, and military forces are adopting lightweight materials for each component of the aircraft to increase fuel efficiency. Aircraft MRO companies are adopting advanced materials for manufacturing aircraft floor panels, For instance, in March 2022. Airbus's subsidiary Satair has launched an advanced aircraft floor panel product aimed at repairing and replacing aircraft cabin floors of Airbus. The company developed these aircraft floor panels in collaboration with Airbus and German composites manufacturer Schutz. Satair's Airbus semi-finished floor panel (ASFP) was developed in response to overcoming the challenges with traditional floor panel solutions. Satair reduced weight and required downtime during repairs and replacement for applications across all aisles, passengers, and galley areas.Various market players in North America are engaged in offering aircraft floor panels to procure contracts from aircraft manufacturers. The major players in the North America aircraft floor panel market include Triumph Group, Inc.; The Gill Corporation; Lonseal Inc.; and Comtek Advanced Structures Ltd. 

North America Aircraft Floor Panel Market Strategic Insights

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North America Aircraft Floor Panel Market Segmentation Analysis

Key segments that contributed to the derivation of the aircraft floor panel market analysis are aircraft type, material type, application, and end use.

• By aircraft type, the aircraft floor panel market is segmented into narrow body aircraft, wide body aircraft, general aviation, and others. The narrow body aircraft held the largest share of the market in 2024.
• By material type, the aircraft floor panel market is bifurcated into aluminum honeycomb and nomex honeycomb. The nomex honeycomb held a larger share of the market in 2024.
• By application, the aircraft floor panel market is bifurcated into commercial aviation and military aviation. The commercial aviation held a larger share of the market in 2024.
• By end use, the aircraft floor panel market is bifurcated into OEMs and aftermarket. The OEMs held a larger share of the market in 2024.

North America Aircraft Floor Panel Market Outlook

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. 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.

North America Aircraft Floor Panel Market Country Insights

Based on Geography, the North America aircraft floor panel market comprises the US, Canada, and Mexico. The US held the largest share in 2024.

Airlines spend massive amounts every year to meet aircrafts demand, which account for a significant portion of their overall operating costs. The aircraft floor panel market in North America is expected to be driven by a rise in air passenger traffic; the need to improve operability and performance; and the need for disassembling, replacing, testing, and repairing many sections of aircraft. The US airlines carried more than 89.7 million domestic and international passengers in June 2024, according to the Bureau of Transportation Statistics (BTS). The North American aviation industry is likely to continue generating relatively higher profits from the US owing to the continuity of air travel. Many companies in the US are developing advanced floor panels for aircraft MRO companies to reduce the weight of the aircraft and enhance fuel efficiency. With the launch and purchase of new aircraft, several maintenance contracts and agreements are routinely signed between aircraft floor panel service providers and airlines, defense agencies, and others. For instance, in August 2022, The Gill Corporation was awarded a contract to enhance the production of fabricated floor panels for Boeing 777, 777X, and 787 aircraft. The company provides aircraft floor panels directly to Boeing. TGC was awarded the tier 1 contract under the Boeing 787 program in 2014, followed by several aircraft floor panel fabrication contracts for the Boeing 777 and 777X programs. TGC offers Nomex and aluminum honeycomb-based lightweight, high-performance composite sandwich panels. TGC supplies these aircraft panel materials for the Boeing 737 and 767 programs. According to The Insight Partners analysis, in 2023, North America had a fleet of more than 8,000 operational commercial aircraft, which is expected to reach ~10,000 by the end of 2033. Such a huge number of operating commercial aircraft will further generate the demand for aircraft floor panel products in this region. Moreover, the increase in the number of aircraft fleets across North America is expected to bolster the requirement for aircraft floor panels from the major aircraft MRO companies.One of the factors catalyzing the aircraft floor panel market is the continued emphasis on increasing the spending on maintenance and repair activities of various components. Furthermore, MRO service providers in the region continually focus on adopting innovative materials for aircraft floor panels. Aircraft MRO service companies, airlines, and military forces are adopting lightweight materials for each component of the aircraft to increase fuel efficiency. Aircraft MRO companies are adopting advanced materials for manufacturing aircraft floor panels, For instance, in March 2022. Airbus's subsidiary Satair has launched an advanced aircraft floor panel product aimed at repairing and replacing aircraft cabin floors of Airbus. The company developed these aircraft floor panels in collaboration with Airbus and German composites manufacturer Schutz. Satair's Airbus semi-finished floor panel (ASFP) was developed in response to overcoming the challenges with traditional floor panel solutions. Satair reduced weight and required downtime during repairs and replacement for applications across all aisles, passengers, and galley areas. Various market players in North America are engaged in offering aircraft floor panels to procure contracts from aircraft manufacturers. The major players in the North America aircraft floor panel market include Triumph Group, Inc.; The Gill Corporation; Lonseal Inc.; and Comtek Advanced Structures Ltd. Several major North American companies are offering MRO services to enhance their position in the aerospace industry. GE Aviation, Barnes Group Inc., Rolls Royce PLC, Delta TechOps, and Collins Aerospace are among the leading players in this industry. Several international MRO service providers are also present in the region. Southwest Airlines and United Airlines are preparing to open new aircraft hangars for their MRO operations in Houston and Los Angeles, respectively. Furthermore, airlines in the region are engaging in MRO outsourcing activities to cut costs associated with MRO activities. The increased aircraft orders from airlines across the US have created massive demand for aircraft floor panels. For instance, American Airlines ordered more than 260 new aircraft from Airbus, Boeing, and Embraer. The order consists of 85 Boeing 737 Max, 85 Airbus A321neos, and 90 Embraer E175s aircraft. These aircraft are made with different types of flooring panels. The Gill Corporation supplies both aluminum and aramid honeycomb cores to the B737 aircraft program. These materials are supplied in sheets, which are typically converted to a sandwich structure for use in interior monuments such as overhead bins, cabins, crew rests, and class dividers. Airlines are aiming to modernize their fleets, improve passenger experience, and meet consumers' premium travel demands. The increase in aircraft MRO spending by the leading airlines in the US has created a massive demand for aircraft floor panels. For instance, in January 2023, SupplyCore won a contract of US$ 375 million from the Defense Logistics Agency for the maintenance, repair, and operation of US military facilities. The significant defense budget and expenditure from the US DoD allow the forces to opt for frequent MRO activities of the aircraft fleet. This facilitates the forces to be mission-ready. In June 2023, RTX made a significant announcement regarding its Collins Aerospace division. Collins Aerospace has entered into a multi-year FlightSense flight-hour contract with Envoy Air. This agreement entails the provision of comprehensive MRO services for various systems installed on Envoy Air's fleet of 128 Embraer E175 aircraft. The scope of Collins' responsibilities under this contract encompasses a range of critical components, including electric power systems, fire protection systems, and sensors. This collaboration signifies a strategic partnership aimed at ensuring the operational reliability and safety of Envoy Air's aircraft fleet. Continuous high spending from US companies plays a crucial role in the growth of the aircraft floor panel market.The US is among the leading countries in the global aviation sector, with a significantly higher number of passengers, aircraft fleet, and investment toward the development of the sector. The airlines in the country experience a significantly higher density of air traveling passengers, owing to which the flying hours of each aircraft are higher and consequently demand frequent aircraft maintenance. The presence of numerous independent aircraft floor panel manufacturers such as The Gill Corp., Comtek Advanced Structures, Saint Gobain, and others in the US drives the market growth.

North America Aircraft Floor Panel Market Report Highlights

North America Aircraft Floor Panel Market Company Profiles

Some of the key players operating in the market include 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.As among others. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisitions to provide innovative products to their consumers and increase their market share.

North America Aircraft Floor Panel Market Research Methodology :

The following methodology has been followed for the collection and analysis of data presented in this report:

• Secondary Research

The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:

• Company websites, annual reports, financial statements, broker analyses, and investor presentations.
• Industry trade journals and other relevant publications.
• Government documents, statistical databases, and market reports.
• News articles, press releases, and webcasts specific to companies operating in the market.

Note: All financial data included in the Company Profiles section has been standardized to USD. For companies reporting in other currencies, figures have been converted to USD using the relevant exchange rates for the corresponding year.

• Primary Research

The Insight Partners’ conducts a significant number of primary interviews each year with industry stakeholders and experts to validate its data analysis, and gain valuable insights. These research interviews are designed to:

• Validate and refine findings from secondary research.
• Enhance the expertise and market understanding of the analysis team.
• Gain insights into market size, trends, growth patterns, competitive dynamics, and future prospects.

Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:

• Industry stakeholders: Vice Presidents, business development managers, market intelligence managers, and national sales managers
• External experts: Valuation specialists, research analysts, and key opinion leaders with industry-specific expertises

North America Aircraft Floor Panel Market Country and Regional Insights