North America 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)
Market Introduction
The North America aircraft manufacturing industry is witnessing significant growth due to the surging demand for passenger and military aircraft across North America. The mounting demand for air travel across North America 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 North America aircraft floor panel market. The growing defense expenditure across North America economies is expected to drive the growth of the North America aircraft floor panel market in the coming years. The robust growth of the aerospace and defense industry, which is witnessed due to rising demand for air transportation, is also having a positive impact on driving the North America aircraft floor panel market. Other factors such as emphasizing aircraft orders and delivery volumes and growing focus on the use of lightweight materials are expected to drive the North America aircraft floor panel market.
Furthermore, in case of COVID-19, North America is highly affected specially the US. Since the US has a larger density of aircraft manufacturers and component manufacturers, the outbreak has severely affected the production of each. The lower number of manufacturing staff and temporary suspension of production facilities have resulted in lesser production quantity. Boeing, the aviation giant in the region, has witnessed a significant fall in orders and production, which is one of the key restraining factors for the aircraft floor panels market. For instance, Boeing delivered only 98 aircraft by the end of September. Apart from Boeing, several other aircraft OEMs such as Bombardier, Textron, and Gulfstream, among others, also experienced tremors of COVID – 19 on their orders and production lines. From the supply side, the region has higher numbers of aircraft floor panel manufacturers. The restricted workforce, disruption in the supply chain, and limited volumes of orders have sternly shaken the region's aircraft floor panel market players. On the other hand, the Canadian and Mexican aircraft floor panel market is also experiencing slower than usual growth due to the COVID – 19 outbreaks.
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Market Overview and Dynamics
The North America aircraft floor panel market is expected to grow from US$ 237.47 million in 2019 to US$ 361.73 million by 2027; it is estimated to grow at a CAGR of 7.6% from 2020 to 2027. Rising adoption of wide-body jets and business jets is expected to accelerate the North America aircraft floor panel market. The wide body jets are foreseen to be the concreting the future of the North America aviation industry, with the mounting number of orders for the new-generation wide body jets. The demand for A330 series, A350 series, B777 series, and B787 series models of wide body jets is currently greater than other models; these aircraft models are fuel-efficient and feature a longer range and higher endurance. These factors attract a substantial number of FSCs and LCCs, which boosts the order and shipment volumes. This further catalyzes the demand for aircraft floor panels among the aircraft manufacturers across North America. The A330 series aircraft model is one of the largest aircraft in the Airbus product list, and the demand for the same is foreseen to continue to rise among various airlines. Being one of the largest aircraft models, the aircraft incorporates greater number of aircraft floor panels, and thus, the surge in its production increases the adoption of flooring panels. The projected rise in demand for large aircraft is expected to increase the demand of floor panels which will drive the North America aircraft floor panel market during the forecast period.
Key Market Segments
In terms of aircraft type, the narrow body aircrafts segment accounted for the largest share of the North America aircraft floor panel market in 2019. In terms of material type, the nomex honeycomb segment held a larger market share of the North America aircraft floor panel market in 2019. Similarly, in terms of sales channel, the OEM segment held a larger market share of the North America aircraft floor panel market in 2019. Further, the commercial segment held a larger share of the North America 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 North America 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 North America 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 North America aircraft floor panel market
- Efficiently plan M&A and partnership deals in North America 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 North America aircraft floor panel market
- Obtain market revenue forecast for market by various segments from 2020-2027 in North America region.
North America Aircraft Floor Panel Market Segmentation
North America Aircraft Floor Panel Market - By Aircraft Type
- Wide Body Aircrafts
- Narrow Body Aircrafts
- General Aviation
North America Aircraft Floor Panel Market - By Material Type
- Aluminum Honeycomb
- Nomex Honeycomb
North America Aircraft Floor Panel Market - By Sales Channel
- OEM
- Aftermarket
North America Aircraft Floor Panel Market - By End User
- Commercial
- Military
North America Aircraft Floor Panel Market - By Country
- US
- Canada
- Mexico
North America 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. North America 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. North America Aircraft Floor Panel Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Emphasizing Aircraft Orders and Delivery Volumes
5.1.2 Growing Focus on the Use of Lightweight Materials
5.2 Market Restraint
5.2.1 Boeing’s Upset from B737 Max and Cessation of A380 Program
5.3 Market Opportunities
5.3.1 Rising Adoption of Wide-Body Jets and Business Jets
5.4 Trend
5.4.1 Escalation in the Demand for Air Freighter Fleet
5.5 Impact Analysis of Drivers and Restraints
6. Aircraft Floor Panel Market – North America Analysis
6.1 Overview
6.2 North America Aircraft Floor Panel Market – Revenue and Forecast to 2027 (US$ million)
6.3 Market Positioning – Market Players Ranking
7. North America Aircraft Floor Panel Market Analysis – By Aircraft Type
7.1 Overview
7.1.1 North America 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. North America Aircraft Floor Panel Market Analysis – By Material Type
8.1 Overview
8.2 North America 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. North America Aircraft Floor Panel Market Analysis – By Sales Channel
9.1 Overview
9.2 North America 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. North America Aircraft Floor Panel Market Analysis – By End User
10.1 Overview
10.2 North America 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. North America Aircraft Floor Panel Market – Country Analysis
11.1 Overview
11.1.1 North America: Aircraft Floor Panel Market, by Key Country
11.1.1.1 US: Aircraft Floor Panel Market – Revenue and Forecast to 2027 (US$ Million)
11.1.1.1.1 US: Aircraft Floor Panel Market, by Aircraft Type
11.1.1.1.2 US: Aircraft Floor Panel Market, by Material Type
11.1.1.1.3 US: Aircraft Floor Panel Market, by Sales Channel
11.1.1.1.4 US: Aircraft Floor Panel Market, by End User
11.1.1.2 Canada: Aircraft Floor Panel Market – Revenue and Forecast to 2027 (US$ Million)
11.1.1.2.1 Canada: Aircraft Floor Panel Market, by Aircraft Type
11.1.1.2.2 Canada: Aircraft Floor Panel Market, by Material Type
11.1.1.2.3 Canada: Aircraft Floor Panel Market, by Sales Channel
11.1.1.2.4 Canada: Aircraft Floor Panel Market, by End User
11.1.1.3 Mexico: Aircraft Floor Panel Market – Revenue and Forecast to 2027 (US$ Million)
11.1.1.3.1 Mexico: Aircraft Floor Panel Market, by Aircraft Type
11.1.1.3.2 Mexico: Aircraft Floor Panel Market, by Material Type
11.1.1.3.3 Mexico: Aircraft Floor Panel Market, by Sales Channel
11.1.1.3.4 Mexico: Aircraft Floor Panel Market, by End User
12. Impact of COVID-19 Outbreak
12.1 North America: 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. North America Aircraft Floor Panel Market – Revenue and Forecast to 2027 (US$ million)
Table 2. US: Aircraft Floor Panel Market, by Aircraft Type –Revenue and Forecast to 2027 (US$ Million)
Table 3. US: Aircraft Floor Panel Market, by Material Type –Revenue and Forecast to 2027 (US$ Million)
Table 4. US: Aircraft Floor Panel Market, by Sales Channel –Revenue and Forecast to 2027 (US$ Million)
Table 5. US: Aircraft Floor Panel Market, by End User –Revenue and Forecast to 2027 (US$ Million)
Table 6. Canada: Aircraft Floor Panel Market, by Aircraft Type – Revenue and Forecast to 2027 (US$ Million)
Table 7. Canada: Aircraft Floor Panel Market, by Material Type – Revenue and Forecast to 2027 (US$ Million)
Table 8. Canada: Aircraft Floor Panel Market, by Sales Channel – Revenue and Forecast to 2027 (US$ Million)
Table 9. Canada: Aircraft Floor Panel Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 10. Mexico: Aircraft Floor Panel Market, by Aircraft Type – Revenue and Forecast to 2027 (US$ Million)
Table 11. Mexico: Aircraft Floor Panel Market, by Material Type – Revenue and Forecast to 2027 (US$ Million)
Table 12. Mexico: Aircraft Floor Panel Market, by Sales Channel – Revenue and Forecast to 2027 (US$ Million)
Table 13. Mexico: Aircraft Floor Panel Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Aircraft Floor Panel Market Segmentation
Figure 2. North America Aircraft Floor Panel Market Segmentation – By Country
Figure 3. North America Aircraft Floor Panel Market Overview
Figure 4. North America Aircraft Floor Panel Market, by Country
Figure 5. North America Aircraft Floor Panel Market, By Aircraft Type
Figure 6. North America Aircraft Floor Panel Market, By Material Type
Figure 7. North America Aircraft Floor Panel Market, By Sales Channel
Figure 8. North America Aircraft Floor Panel Market, By End User
Figure 9. Porter’s Five Forces Analysis
Figure 10. Ecosystem Analysis
Figure 11. North America Aircraft Floor Panel Market: Impact Analysis of Drivers and Restraints
Figure 12. North America Aircraft Floor Panel Market – Revenue and Forecast to 2027 (US$ million)
Figure 13. North America Aircraft Floor Panel Market Breakdown, by Aircraft Type (2019 and 2027)
Figure 14. North America Wide body Aircraft Market Revenue and Forecast to 2027(US$ Million)
Figure 15. North America Narrow body Aircrafts Market Revenue and Forecast to 2027(US$ Million)
Figure 16. North America General Aviation Market Revenue and Forecast to 2027(US$ Million)
Figure 17. North America Aircraft Floor Panel Market Breakdown, by Material Type (2019 and 2027)
Figure 18. North America Aluminum Honeycomb Market Revenue and Forecast to 2027(US$ Million)
Figure 19. North America Nomex Honeycomb Market Revenue and Forecast to 2027(US$ Million)
Figure 20. North America Aircraft Floor Panel Market Breakdown, by Sales Channel (2019 and 2027)
Figure 21. North America OEM Market Revenue and Forecast to 2027(US$ Million)
Figure 22. North America Aftermarket Market Revenue and Forecast to 2027(US$ Million)
Figure 23. North America Aircraft Floor Panel Market Breakdown, by End User (2019 and 2027)
Figure 24. North America Commercial Market Revenue and Forecast to 2027(US$ Million)
Figure 25. North America Military Market Revenue and Forecast to 2027(US$ Million)
Figure 26. North America: Aircraft Floor Panel Market Revenue Share, by Key Country (2019 and 2027)
Figure 27. US: Aircraft Floor Panel Market – Revenue and Forecast to 2027 (US$ Million)
Figure 28. Canada: Aircraft Floor Panel Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. Mexico: Aircraft Floor Panel Market – Revenue and Forecast to 2027 (US$ Million)
Figure 30. Impact of COVID-19 Pandemic in North American Country Markets
Some of the leading companies 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
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America 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 North America 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 North America 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