Europe Aircraft Floor Panel Market Dynamics and Trends by 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 : pdf-format excel-format
  • No. of Pages : 124

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         
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Aircraft Type, Material Type, Sales Channel, and End User

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

UK, Germany, France, Italy, Russia

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

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