Europe Aircraft Floor Panel Market Dynamics and Trends by 2027

Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027

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)

Report Date : Dec 2020
Report Code : TIPRE00017242

Category : Aerospace and Defense
Status : Published

Available Report Formats :
No. of Pages : 124

Page Updated: Feb 2021

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

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.

The France, Germany, Italy, UK, and Russia are major economies in Europe. Rising emphasis on use of lightweight materials is expected to escalate the Europe aircraft floor panel market. The Europe aviation industry players are emphasizing the manufacturing and integration or mounting of lightweight materials on aircraft. The aviation authorities, aircraft manufacturers, aircraft component manufacturers, MRO service providers, and military forces are seeking lightweight materials for each component to extend the flying range of the aircraft and increase fuel efficiency. Since the floor panels are critical components of any aircraft, the demand for lightweight floor panels is on the rise. This factor compels floor panel manufacturers to design and develop the lightest possible floor panels for modern aircraft fleet across Europe region. The aircraft floor panel market players across Europe are leveraging the low weight nature of nomex and aluminum honeycomb structures. Both the materials are widely used in the construction of aircraft floor panels; however, nomex being 20% lighter than Aluminum, the inclination toward nomex honeycomb floor panels is higher among the aircraft manufacturers, which would drive its adoption during the forecast period. In addition to being lightweight in nature, the nomex honeycomb structures have a longer lifespan than its counterpart Aluminum. The longer lifespan facilitates the aircraft operators to use the structure over a longer period without the need for frequent MRO service adoption. Thus, increasing research activities related to such lightweight materials and escalating adoption of the same are the key factors driving the Europe aircraft floor panel market.

Further, 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.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe aircraft floor panel market. The Europe aircraft floor panel market is expected to grow at a good CAGR during the forecast period.

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 - Companies Mentioned

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

Europe Aircraft Floor Panel Report Scope

Report Attribute	Details
Market size in 2019	US$ 186.63 Million
Market Size by 2027	US$ 325.57 Million
CAGR (2020 - 2027)	9.7 %
Historical Data	2017-2018
Forecast period	2020-2027
Segments Covered	By Aircraft Type Wide Body Aircrafts Narrow Body Aircrafts General Aviation By Material Type Aluminum Honeycomb and Nomex Honeycomb By Sales Channel OEM and Aftermarket By End User Commercial and Military
Regions and Countries Covered	Europe UK Germany France Russia Italy Rest of Europe
Market leaders and key 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

Research Manager

Naveen Chittaragi

Associate Vice President,
Market Research & Consulting

Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

What are the Europe Aircraft Floor Panel Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Regional, Country
Industry and Competitive Landscape
Excel Dataset

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