The aircraft floor panel market size is projected to reach US$ 1,027.23 million by 2031 from US$ 649.35 million in 2024. The market is expected to register a CAGR of 6.8% during 2025–2031. Focus on fabricating sustainability in aerospace manufacturing is likely to bring new trends in the market in the coming years.
The key factors fueling the growth of the aircraft floor panel market include the increasing number of MRO activities in emerging economies, a growing number of general aviation aircraft and helicopter deliveries, and a rising number of orders and production of narrow body aircraft. However, an increase in geopolitical events hinders the supply chain of aircraft components, further hampering the growth of the aircraft floor panel market. Irrespective of the hindrances, the integration of simulation technologies is projected to create opportunities for the key players operating in the market during the forecast period.
According to The Insight Partners analysis, in 2023, North America had a fleet of more than 8,000 operational commercial aircraft, which is expected to reach ~10,000 by the end of 2033. Such a huge number of operating commercial aircraft will further generate the demand for aircraft floor panel products in this region. Moreover, the increase in the number of aircraft fleets across North America is expected to bolster the requirement for aircraft floor panels from the major aircraft MRO companies.
One of the factors catalyzing the aircraft floor panel market is the continued emphasis on increasing the spending on maintenance and repair activities of various components. Furthermore, MRO service providers in the region continually focus on adopting innovative materials for aircraft floor panels. Aircraft MRO service companies, airlines, and military forces are adopting lightweight materials for each component of the aircraft to increase fuel efficiency. Aircraft MRO companies are adopting advanced materials for manufacturing aircraft floor panels. For instance, in March 2022, Airbus's subsidiary Satair launched an advanced aircraft floor panel product aimed at repairing and replacing aircraft cabin floors of Airbus. The company developed these aircraft floor panels in collaboration with Airbus and German composites manufacturer Schutz. Satair's Airbus semi-finished floor panel (ASFP) was developed in response to overcoming the challenges with traditional floor panel solutions. Satair reduced weight and downtime required for repairs and replacements in passenger, aisle, and galley areas.
The raw material suppliers in the aircraft floor panel market include aluminum alloy manufacturers, composites suppliers, and carbon fiber manufacturers. The demand for aircraft parts is majorly driven by new orders for military and commercial aircraft and the rising requirement from aircraft MRO service providers. The raw material suppliers include HD Metal Materials Co., Ltd.; Fonnov Aluminum; Euro-Composites; and Dupont.
Major suppliers in the market include Comtek Advanced Structures, EFW, The Gill Corporation, Jones Metal Products, EnCore Group, Collins Aerospace, Satair, Skytecno, The NORDAM Group LLC, Composite Industrie, and Triumph Group. The aircraft floor panel is a crucial component for any type of aircraft, including commercial, military, and business. The demand for aircraft floor panels is majorly driven by the rising number of new orders for military and commercial aircraft, along with a surge in demand from the aircraft MRO service providers.
The increasing requirement for aircraft MRO services and the rising demand for new commercial and military aircraft drive the aircraft floor panel market. To provide robust maintenance services to various aircraft components, companies such as Lufthansa Technik AG, AAR Corp., and Rolls-Royce PLC are increasingly focusing on developing innovative aircraft floor panels. Airbus, Boeing, GE Aviation, Safran Power Systems, and Rolls Royce are among the major aircraft manufacturers that require aircraft floor panels.
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Aircraft Floor Panel Market: Strategic Insights
In the last two years, Boeing and Airbus have experienced a significant increase in orders for narrow body aircraft. According to the Airbus order and delivery database, there were 820 commercial aircraft orders in 2022, which reached 2,094 in 2023. However, there was a rise in deliveries for narrow body aircraft—such as A220, A319 & A320, and A321—compared to the wide body aircraft—such as A330 and A350—in 2023, shown in the figure below.
Airbus and Boeing are the two aircraft manufacturing giants with significantly higher volumes of orders and delivery statistics. These two aircraft original equipment manufacturers (OEMs) continuously encounter orders for various aircraft models from civil airlines.
Airbus estimates that 40,850 new passenger and cargo aircraft will be delivered from 2023 to 2042, of which approximately 32,630 will be typical single-aisle aircraft, and 8,220 will be typical wide body aircraft. In addition, the requirement for freight aircraft is projected to reach ~2,510 aircraft, with around 920 newly built freight aircraft during the same timeframe. Thus, the rising number of orders and production of narrow body aircraft is boosting the aircraft floor panel market growth.
Retrofitting facilitates passenger comfort and safety and helps airlines maintain their older fleets. One substantial example is Air India's aircraft retrofit program in 2024. This initiative is anticipated to focus on cabin retrofits across its legacy widebody fleets and some narrow body aircraft. The goal is to modernize the passenger experience and ensure that the aircraft meets current comfort and safety standards. Air India is targeting retrofitting over 100 planes, including 40 wide body planes, and has ordered ~25,000 aircraft seats as part of revamping the fleet. Continuous advancements in aircraft technologies are leading to the upgrade of MRO capabilities. MRO service companies are continuously seeking upgrades and purchasing newer technologies in order to service the newer aircraft as well as retrofit the advanced technologies on the older aircraft fleets. This factor is compelling the airlines to opt for MRO activities frequently, facilitating the MRO service providers to offer the airlines to retrofit the aircraft fleet with newer technologies. Thus, the integration of advanced and modern technologies into older aircraft fleets is expected to bring new trends into the aircraft floor panel market in the coming years.
Key segments that contributed to the derivation of the aircraft floor panel market analysis are aircraft type, material type, application, and end use.
The geographic scope of the aircraft floor panel market report is mainly divided into five main regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America dominated the aircraft floor panel market in 2024; it is likely to continue its dominance during the forecast period. The US, Canada, and Mexico are the major economies in North America. Asia Pacific is likely to register the highest CAGR during the forecast period of 2025-2031. The increasing demand for aircraft floor panels is primarily driven by the rapid growth of aircraft MRO services in Asia Pacific. Numerous global players are expanding their MRO facilities across APAC. For instance, in July 2022, Safran AB (one of the leading suppliers of key aircraft components, including landing gear, wheels and brakes, and wiring) announced an investment of US$ 305 million in India to expand its MRO activities in the region. The company is planning to invest US$ 204.15 million in one of the largest MRO facilities in the world in Hyderabad, India. Several aircraft MRO companies are investing in Asia Pacific to increase their service capabilities. For instance, in February 2023, O Collins Aerospace, an aviation avionics manufacturer, invested more than US$ 27 million to double the size of its aircraft MRO operations in Xiamen, China, and quadruple its facility size in Selangor, Malaysia. The additional capacity increased the demand for several aircraft components, including floor panels, airframes, and others.
APAC has had a strong import of advanced commercial aircraft in the past few years owing to an increase in international travelers in countries such as India, China, Japan, and Taiwan. Owing to the increasing number of aircraft and airports, the demand for aircraft floor panel products is likely to increase during the forecast period. The region is expected to account for ~40% of the future airline production to cater to the aircraft demand. The growing number of airports and the increasing regional flight connections among Asian nations are boosting the demand for aircraft floor panels.
In addition, Southeast Asian countries have witnessed growth in the overall aviation industry in recent years. The rising demand for new aircraft from Southeast Asian countries is driving the aircraft floor panel market growth. For instance, in November 2024, Vietnam Airlines ordered 50 aircraft in 2025 with Boeing as the top contractor. Vietnam Airlines invested more than US$ 7.8 billion to procure 50 aircraft from different manufacturers across the globe.
The regional trends and factors influencing the Aircraft Floor Panel Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Aircraft Floor Panel Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2024 | US$ 649.35 Million |
| Market Size by 2031 | US$ 1,027.23 Million |
| Global CAGR (2025 - 2031) | 6.8% |
| Historical Data | 2021-2023 |
| Forecast period | 2025-2031 |
| Segments Covered |
By Aircraft Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Aircraft Floor Panel Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Aircraft Floor Panel Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The aircraft floor panel market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the aircraft floor panel market are listed below:
Comtek Advanced Structures Ltd., a Latecoere Company (Comtek), has been awarded the design-build contract for composite floors on the De Havilland Aircraft of Canada Limited (De Havilland Canada) De Havilland Canadair 515. The scope includes the complete flooring system for cabin and cockpit areas. (Comtek Advanced Structures Ltd, Press Release, 2024)
The Gill Corporation (TGC) announced it had been awarded a production contract extension with Boeing to supply fabricated floor panel assemblies for the Boeing 777, 777X, and 787 programs. The company provides the "drop-in ready" kitted chipsets directly to Boeing. TGC was initially awarded the tier 1 contract for the 787 program in 2014, followed by fabrication contracts for the 777 and 777X programs, all of which utilized TGC's lightweight, high-performance composite sandwich panels. (The Gill Corporation, Press Release, 2022)
The "Aircraft Floor Panel Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
The List of Companies - Aircraft Floor Panel Market
The commercial aviation segment led the aircraft floor panels market with a significant share in 2024.
North America is anticipated to have largest share in aircraft floor panels market.
Usage of Lightweight Materials; and Retrofitting of Older Aircraft Fleet are some of the key trends in the aircraft floor panels market.
The key companies operating in the aircraft floor panels market include Singapore Technologies Engineering Ltd, Collins Aerospace, Safran SA, Triumph Group Inc, Latecoere SA, The Gill Corporation, Nordam Group LLC, Aeropair Ltd., The Boeing Co., VINCORION Advanced Systems GmbH, JCB Aero, Jones Metal Products, Geven Spa, LMI Aerospace, Eco Earth Solutions, and Euro Composite SA
Growing Number of General Aviation Aircraft and Helicopter Deliveries; and The Rising Number of Orders and Production of Narrow Body Aircraft are some of the major factor propelling the growth of aircraft floor panels market.
The aircraft floor panels market was valued at US$ 649.35 million in 2024 and is projected to reach US$ 1,027.23 million by 2031; it is expected to register a CAGR of 6.8% during 2025–2031.
The aircraft floor panels market is expected to reach US$ 1,027.23 million by 2031.