North America Aircraft Floor Panel Market Report 2021-2031 by Scope, Segmentation, Dynamics, and Competitive Analysis

Description

List of Tables

The North American aircraft floor panel market is projected to grow significantly, reaching approximately USD 348.91 million by 2031, up from USD 225.68 million in 2024, with a compound annual growth rate (CAGR) of 6.4% during the period from 2024 to 2031.

Executive Summary and Market Analysis

The demand for aircraft floor panels in North America is primarily driven by the increasing air passenger traffic, the necessity for enhanced operability and performance, and the ongoing need for maintenance, repair, and replacement of various aircraft components. According to the Bureau of Transportation Statistics (BTS), US airlines transported over 89.7 million passengers in June 2024, indicating a robust aviation sector that is expected to maintain profitability due to sustained air travel.

In response to this demand, several US companies are innovating advanced floor panel solutions aimed at reducing aircraft weight and improving fuel efficiency. For example, The Gill Corporation received a contract in August 2022 to boost production of fabricated floor panels for Boeing's 777, 777X, and 787 aircraft. Additionally, TGC has been involved in multiple contracts for the Boeing 787 program since 2014, providing lightweight composite sandwich panels made from Nomex and aluminum honeycomb materials for various Boeing aircraft models.

As of 2023, North America had over 8,000 operational commercial aircraft, a number expected to rise to around 10,000 by 2033. This growth in the aircraft fleet will further increase the demand for aircraft floor panels, particularly from major maintenance, repair, and overhaul (MRO) companies. The ongoing emphasis on maintenance spending and the adoption of innovative materials for aircraft components are key factors propelling the market forward. For instance, in March 2022, Airbus's subsidiary Satair launched a new aircraft floor panel product designed to address the limitations of traditional solutions, thereby reducing weight and downtime during repairs.

Market Segmentation

The North American aircraft floor panel market can be segmented based on aircraft type, material type, application, and end use:

By Aircraft Type: The market is divided into narrow-body aircraft, wide-body aircraft, general aviation, and others, with narrow-body aircraft holding the largest market share in 2024.
By Material Type: The market is categorized into aluminum honeycomb and Nomex honeycomb, with Nomex honeycomb leading in market share in 2024.
By Application: The market is split between commercial aviation and military aviation, with commercial aviation dominating in 2024.
By End Use: The market is divided into original equipment manufacturers (OEMs) and aftermarket, with OEMs holding a larger share in 2024.

Market Outlook

The surge in orders for general aviation aircraft and helicopters in 2022 and 2023 has led to increased deliveries, with the General Aviation Manufacturers Association (GAMA) reporting 3,050 airplanes and 1,020 helicopters delivered in 2023, marking growth rates of 9% and 9.9%, respectively. This trend is expected to continue, further driving the demand for aircraft floor panels as the number of general aviation aircraft increases.

Country Insights

The North American aircraft floor panel market includes the US, Canada, and Mexico, with the US accounting for the largest market share in 2024. Airlines are focused on modernizing their fleets and enhancing passenger experiences, which has led to increased MRO spending. For instance, in January 2023, SupplyCore secured a USD 375 million contract for MRO services from the Defense Logistics Agency, highlighting the significant defense budget that supports frequent MRO activities. Additionally, in June 2023, Collins Aerospace entered a multi-year contract with Envoy Air to provide comprehensive MRO services for their fleet, further emphasizing the importance of MRO in the aircraft floor panel market.

Company Profiles

Key players in the aircraft floor panel market include Singapore Technologies Engineering Ltd, Collins Aerospace, Safran SA, Triumph Group Inc, The Gill Corporation, and others. These companies are pursuing strategies such as expansion, product innovation, and mergers and acquisitions to enhance their market presence and offer cutting-edge products to their customers.

Product Code: TIPRE00017239

1. Introduction

1.1 Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macroeconomic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country-level data:

4. North America Aircraft Floor Panel Market Landscape

4.1 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
- 4.3.1 Raw Material Suppliers
- 4.3.2 Aircraft Floor Panel Suppliers
- 4.3.3 End Users
- 4.3.4 List of Vendors in the Value Chain

5. North America Aircraft Floor Panel Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Growing Number of General Aviation Aircraft and Helicopter Deliveries
- 5.1.2 Rising Number of Orders and Production of Narrow Body Aircraft
5.2 Restraints:
- 5.2.1 Increase in Geopolitical Events to Hinder Supply Chain of Aircraft Components
5.3 Opportunities
- 5.3.1 Surge in Global Aircraft Fleet Size
- 5.3.2 Upcoming Aircraft Deliveries
5.4 Future Trends:
- 5.4.1 Usage of Lightweight Materials
- 5.4.2 Retrofitting of Older Aircraft Fleet
5.5 Impact of Drivers and Restraints:

6. Aircraft Floor Panel Market - North America Market Analysis

6.1 North America Aircraft Floor Panel Market Revenue (US$ Million), 2021-2031
6.2 North America Aircraft Floor Panel Market Forecast Analysis

7. North America Aircraft Floor Panel Market Analysis - by Aircraft Type

7.1 Narrow Body Aircraft
- 7.1.1 Overview
- 7.1.2 Narrow Body Aircraft: North America Aircraft Floor Panel Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.2 Wide Body Aircraft
- 7.2.1 Overview
- 7.2.2 Wide Body Aircraft: North America Aircraft Floor Panel Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.3 General Aviation
- 7.3.1 Overview
- 7.3.2 General Aviation: North America Aircraft Floor Panel Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.4 Others
- 7.4.1 Overview
- 7.4.2 Others: North America Aircraft Floor Panel Market - Revenue and Forecast, 2021-2031 (US$ Million)

8. North America Aircraft Floor Panel Market Analysis - by Material Type

8.1 Aluminum Honeycomb
- 8.1.1 Overview
- 8.1.2 Aluminum Honeycomb: North America Aircraft Floor Panel Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.2 Nomex Honeycomb
- 8.2.1 Overview
- 8.2.2 Nomex Honeycomb: North America Aircraft Floor Panel Market - Revenue and Forecast, 2021-2031 (US$ Million)

9. North America Aircraft Floor Panel Market Analysis - by Application

9.1 Commercial Aviation
- 9.1.1 Overview
- 9.1.2 Commercial Aviation: North America Aircraft Floor Panel Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.2 Military Aviation
- 9.2.1 Overview
- 9.2.2 Military Aviation: North America Aircraft Floor Panel Market - Revenue and Forecast, 2021-2031 (US$ Million)

10. North America Aircraft Floor Panel Market Analysis - by End Use

10.1 OEMs
- 10.1.1 Overview
- 10.1.2 OEMs: North America Aircraft Floor Panel Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.2 Aftermarket
- 10.2.1 Overview
- 10.2.2 Aftermarket: North America Aircraft Floor Panel Market - Revenue and Forecast, 2021-2031 (US$ Million)

11. North America Aircraft Floor Panel Market - Country Analysis

11.1 North America
- 11.1.1 North America Aircraft Floor Panel Market - Revenue and Forecast Analysis - by Country
  - 11.1.1.1 North America Aircraft Floor Panel Market - Revenue and Forecast Analysis - by Country
  - 11.1.1.2 United States: North America Aircraft Floor Panel Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 11.1.1.2.1 United States: North America Aircraft Floor Panel Market Share - by Aircraft Type
    - 11.1.1.2.2 United States: North America Aircraft Floor Panel Market Share - by Material Type
    - 11.1.1.2.3 United States: North America Aircraft Floor Panel Market Share - by Application
    - 11.1.1.2.4 United States: North America Aircraft Floor Panel Market Share - by End Use
  - 11.1.1.3 Canada: North America Aircraft Floor Panel Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 11.1.1.3.1 Canada: North America Aircraft Floor Panel Market Share - by Aircraft Type
    - 11.1.1.3.2 Canada: North America Aircraft Floor Panel Market Share - by Material Type
    - 11.1.1.3.3 Canada: North America Aircraft Floor Panel Market Share - by Application
    - 11.1.1.3.4 Canada: North America Aircraft Floor Panel Market Share - by End Use
  - 11.1.1.4 Mexico: North America Aircraft Floor Panel Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 11.1.1.4.1 Mexico: North America Aircraft Floor Panel Market Share - by Aircraft Type
    - 11.1.1.4.2 Mexico: North America Aircraft Floor Panel Market Share - by Material Type
    - 11.1.1.4.3 Mexico: North America Aircraft Floor Panel Market Share - by Application
    - 11.1.1.4.4 Mexico: North America Aircraft Floor Panel Market Share - by End Use

12. Competitive Landscape

12.1 Heat Map Analysis by Key Players
12.2 Company Positioning and Concentration

13. Industry Landscape

13.1 Overview
13.2 Market Initiative
13.3 Product Development

14. Company Profiles

14.1 Singapore Technologies Engineering 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 Collins Aerospace
- 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 Safran SA
- 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 Triumph Group Inc
- 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 Latecoere SA
- 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 The Gill Corporation
- 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 Nordam Group LLC
- 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 Aeropair Ltd
- 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 The Boeing Co
- 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
14.10 VINCORION Advanced Systems GmbH
- 14.10.1 Key Facts
- 14.10.2 Business Description
- 14.10.3 Products and Services
- 14.10.4 Financial Overview
- 14.10.5 SWOT Analysis
- 14.10.6 Key Developments
14.11 JCB Aero
- 14.11.1 Key Facts
- 14.11.2 Business Description
- 14.11.3 Products and Services
- 14.11.4 Financial Overview
- 14.11.5 SWOT Analysis
- 14.11.6 Key Developments
14.12 Jones Metal Products
- 14.12.1 Key Facts
- 14.12.2 Business Description
- 14.12.3 Products and Services
- 14.12.4 Financial Overview
- 14.12.5 SWOT Analysis
- 14.12.6 Key Developments
14.13 Geven spa
- 14.13.1 Key Facts
- 14.13.2 Business Description
- 14.13.3 Products and Services
- 14.13.4 Financial Overview
- 14.13.5 SWOT Analysis
- 14.13.6 Key Developments
14.14 LMI Aerospace
- 14.14.1 Key Facts
- 14.14.2 Business Description
- 14.14.3 Products and Services
- 14.14.4 Financial Overview
- 14.14.5 SWOT Analysis
- 14.14.6 Key Developments
14.15 Eco Earth solutions
- 14.15.1 Key Facts
- 14.15.2 Business Description
- 14.15.3 Products and Services
- 14.15.4 Financial Overview
- 14.15.5 SWOT Analysis
- 14.15.6 Key Developments
14.16 Euro Composite S.A.
- 14.16.1 Key Facts
- 14.16.2 Business Description
- 14.16.3 Products and Services
- 14.16.4 Financial Overview
- 14.16.5 SWOT Analysis
- 14.16.6 Key Developments

15. Appendix

15.1 About The Insight Partners