Aircraft Floor Panel Market is expected to reach US$ 1,027.23 Million by 2031

Growing Production of Single Aisle Aircraft to Fuel Aircraft Floor Panel Market Growth During Forecast Period

According to our latest study, "Aircraft Floor Panel Market Size and Forecast (2021–2031), Global and Regional Share, Trend, and Growth Opportunity Analysis – by Aircraft Type, Material Type, Application, End Use, and Geography," the market was valued at US$ 649.35 million in 2024 and is expected to reach US$ 1,027.23 million by 2031; it is estimated to record a CAGR of 6.8% from 2025 to 2031. The report includes growth prospects owing to the current aircraft floor panel market trends and their foreseeable impact during the forecast period.

The increasing demand for new aircraft orders across the airlines, military forces, and government and private agencies drives the aircraft floor panel market growth. In 2023, according to the Federal Aviation Administration, the number of general aviation aircraft deliveries manufactured in the US increased to 2,104 units, an increase of 7.7% compared to 2022. The active general aviation fleets had ~209,540 aircraft in 2022, an increase of 0.2% compared to 2021. The increasing number of aircraft shipments across the globe has created a massive demand for aircraft floor panels. The aircraft floor panels reduce the overall weight of the aircraft and enhance its fuel efficiency. 

Aircraft Floor Panel Market Analysis — by Region

Source: The Insight Partners Analysis

The rising demand for air travel worldwide is encouraging aircraft manufacturers such as Airbus and Boeing to increase their production volumes and offer maintenance services for these aircraft as well. Airbus and Boeing are the leading aircraft manufacturers that utilize different types of aircraft floor panels. With the constant growth in air traffic, carriers are more liable to maintain the optimum condition of the aircraft to extend their life span; otherwise, they would have to procure new aircraft. MRO service providers are constantly seeking upgrades and procurement of newer lightweight materials for their newer aircraft as well as retrofitting the upgraded materials on the older aircraft fleets. The aircraft floor panel made from aluminum and other composite lightweight materials with a honeycomb structure is widely used by aircraft manufacturers across the globe.

The aerospace and defense industry across the globe encompasses several well-established aircraft original equipment manufacturers (OEMs) accounting for a substantially large market share in the respective aircraft market. Since there is availability of a large number of aircraft flooring solution manufacturers in the market, small as well as big brands, the aircraft manufacturers have a substantial bargaining power to procure aircraft floor panels with high quality at a competitive price. As a result, the bargaining power of buyers in the aircraft floor panel market is inclined toward buyers due to their functional requirements and the presence of a substantial number of suppliers. Pertaining to the high demand for flooring solutions among aircraft manufacturers, the bargaining power of suppliers is high at this point. However, the increase in the number of small-scale, well-recognized suppliers having significant contracts from leading aircraft OEMs is expected to decrease the bargaining power of suppliers to a moderate level.

The report includes the global aircraft floor panel market forecast by aircraft type, material type, application, and end use. Based on aircraft type, the market is segmented into narrow body aircraft, wide body aircraft, general aviation, and others. Based on material type, the market is segmented into aluminum honeycomb and Nomex honeycomb. Based on application, the global aircraft floor panel market is segmented into commercial aviation and military aviation. Based on end use, the market is segmented into OEMs and aftermarket. The global aircraft floor panel market has also been analyzed based on five major regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America. 

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 are among the key players profiled during the aircraft floor panel market report. In addition to these players, several other essential market players have also been studied and analyzed to get a holistic view of the global aircraft floor panel market and its ecosystem.

The scope of the aircraft floor panel market report focuses on North America (US, Canada, and Mexico), Europe (Germany, France, Italy, UK, Russia, and Rest of Europe), Asia Pacific (Australia, China, India, Japan, South Korea, and Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, UAE, Rest of MEA), and South America (Brazil, Argentina, Rest of SAM). North America accounted for the largest aircraft floor panel market share in 2024, followed by Europe and Asia Pacific, respectively.

The North America aircraft floor panel market is segmented into the US, Canada, and Mexico. 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 minimized the weight and downtime needed for repairs and replacements across all aisles, passenger areas, and galleys.

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