North America Aircraft Floor Panel Market Share and Forecast by 2027

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

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)

Report Date : Dec 2020
Report Code : TIPRE00017239

Category : Aerospace and Defense
Status : Published

Available Report Formats :
No. of Pages : 111

Page Updated: Feb 2021

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

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.

The US, Canada, and Mexico are major economies in North America. Emphasizing aircraft orders and delivery volumes across North America region is expected to escalate the North America aircraft floor panel market. The North America 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 boosting the demand for aircraft floor panel market across North America region. Airbus and Boeing are the two aircraft manufacturing giants across North America with significantly greater volumes of orders and delivery statistics. These two aircraft original equipment manufacturers (OEMs) are continuously encountering orders for various aircraft models from different civil airlines. Owing to the continuously rising production volumes to bridge the gap between demand and supply of aircraft, the OEMs 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. So the surge in the aircraft production is expected to increase the demand of aircraft floor panels in coming years, which will drive the North America aircraft floor panel market.

Further, 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.

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 North America aircraft floor panel market. The North America aircraft floor panel market is expected to grow at a good CAGR during the forecast period.

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 - 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

North America Aircraft Floor Panel Report Scope

Report Attribute	Details
Market size in 2019	US$ 237.47 Million
Market Size by 2027	US$ 361.73 Million
Global CAGR (2020 - 2027)	7.6%
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	North America US Canada Mexico
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 North America 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 - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

North America Aircraft Floor Panel Market Report Snapshots

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