Aerospace Floor Panels Market to Grow at a Stayed CAGR from 2021 to 2024
A detailed analysis of the aerospace floor panels market is entailed in this research report. The driving forces responsible for propelling the growth graph of this vertical in addition to the regional and competitive trends are mentioned in the study. A comprehensive document comprising details about vital parameters such as the industry ecosystem analysis, market segmentation, and the vendor matrix, the market report also contains information on the pivotal industry insights for core players to look out for.
Rapidly increasing air traffic resulting from worldwide expansion of the aviation sector has propelled the aerospace floor panels market with key manufactures speeding up the production of commercial aircrafts. Constituting a major portion of any aircraft’s weight, floor panels need to be light for reducing the overall mass and also should be durable to tolerate the brunt of thousands of passengers or tons of cargo load over a period of time. The introduction of efficient materials and designs to manufacture lightweight panels and structures has supplemented cost savings for airlines along with meeting stringent norms mandated by aviation authorities. As such, the market has hugely transformed due to consistent focus on enhancing the quality of panels, which form an integral component of the all-round safety within the aircraft.
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In terms of segmentation by aircraft, the commercial aircraft segment will account for nearly 84% of the global aerospace floor panels revenue share by 2024, on account of the massive growth of the global aviation industry. High air passenger traffic and increase in domestic and international fleet size have been favored by the rising per capita & annual income of the passengers. In addition, the rising penetration of aircraft production facilities in Europe, North America, and other regions will add impetus to the market share over the foreseeable future.
On the other hand, the regional jet segment is slated to expand at a considerable rate, as a result of the accelerating demand fulfilling the gap between turboprop and single-aisle airplanes, coupled with the escalating production of regional jets by companies such as Bombardier.
The global aerospace floor panels market from the business aircraft segment will be impelled by the proliferating tourism industry and the rapid economic growth in the Middle East and Africa.
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On the regional front, the North America aerospace floor panels market will hold a major share in years to come, due to the presence of key aircraft manufacturers in the region. The Europe market will also foresee remarkable expansion, due to the consistent rise in the number of air passengers. The region witnessed a rise of around 5% in passenger traffic in 2018 as compared to 2017. On the other hand, the Latin America market will record healthy growth, owing to the low airfare offered to gain more customers.
The competitive landscape of the aerospace floor panels market comprises of companies such as Gill Corporation, Nordam Group, Zodiac Aerospace, EnCore Group, Triumph Group, Aim Altitude, Avcorp Corporation, Euro Composites, EFW, Advanced Custom Manufacturing, and Rockwell Collins, among others. These companies are focusing on strategies such as M&A and business expansions to sustain their market share.
Major Key Points from Table of Content:
Chapter 4. Aerospace Floor Panels Market, By Aircraft
4.1. Global aerospace floor panels market share by aircraft, 2017 & 2024
4.1.1. Commercial aircraft
4.1.1.1. Market estimates and forecast, 2013-2024
4.1.1.2. Market estimates and forecast, by region, 2013-2024
4.1.2. Regional jet
4.1.2.1. Market estimates and forecast, 2013-2024
4.1.2.2. Market estimates and forecast, by region, 2013-2024
4.1.3. Business jet
4.1.3.1. Market estimates and forecast, 2013-2024
4.1.3.2. Market estimates and forecast, by region, 2013-2024
4.1.4. Helicopter
4.1.4.1. Market estimates and forecast, 2013-2024
4.1.4.2. Market estimates and forecast, by region, 2013-2024
Chapter 5. Aerospace Floor Panels Market, By Raw Material
5.1. Global market share by raw material, 2017 & 2024
5.2. Nomex honeycomb
5.2.1. Market estimates and forecast, 2013 - 2024
5.2.2. Market estimates and forecast, by region, 2013–2024
5.3. Aluminum honeycomb
5.3.1. Market estimates and forecast, 2013 - 2024
5.3.2. Market estimates and forecast, by region, 2013–2024
5.4. Others
5.4.1. Market estimates and forecast, 2013 - 2024
5.4.2. Market estimates and forecast, by region, 2013–2024
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