Middle East & Africa Aircraft Floor Panel Market Report 2021-2031 by Scope, Segmentation, Dynamics, and Competitive Analysis

Description

List of Tables

The aircraft floor panel market in the Middle East and Africa (MEA) is projected to grow from USD 33.60 million in 2024 to USD 42.27 million by 2031, reflecting a compound annual growth rate (CAGR) of 3.3% during this period.

Executive Summary and Market Analysis

The MEA region has experienced a surge in air traffic, leading to increased capacity from major airlines. However, the region's limited economic activity may hinder the airline industry's growth in the near future. While Gulf countries like Saudi Arabia and the UAE are economically advanced, many African nations are still developing. The demand for new aircraft from major airlines in the MEA is a key driver for the aircraft floor panel market. For example, in October 2024, Saudi Arabian Riyadh Airlines announced plans to purchase 60 Airbus A321 neo jets, which utilize the Gillfloor 4809 ultra-lightweight floor panel made from carbon fiber reinforced epoxy honeycomb.

Countries in the Middle East, particularly the UAE, Saudi Arabia, and Turkey, invest heavily in new defense aircraft and maintenance, repair, and overhaul (MRO) activities for their existing fleets. The growth of airports and the aviation sector is further propelling the demand for aircraft floor panels. The Federal Aviation Administration reported a 10% annual growth in the Middle East's aviation industry in 2023. In Africa, the operational commercial aircraft fleet exceeded 1,000 in 2023 and is expected to reach approximately 1,500 by 2033, driving the need for aircraft floor panels. However, economic and political challenges in Africa may limit local traffic growth and opportunities in the aircraft floor panel market.

Market Segmentation Analysis

The Middle East and Africa aircraft floor panel market can be segmented by 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. Narrow body aircraft held the largest market share in 2024.
By Material Type: The market is categorized into aluminum honeycomb and Nomex honeycomb, with Nomex honeycomb dominating in 2024.
By Application: The market is split between commercial aviation and military aviation, with commercial aviation holding a larger share in 2024.
By End Use: The market is divided into original equipment manufacturers (OEMs) and aftermarket, with the aftermarket leading in 2024.

Market Outlook

Aircraft floor panels significantly contribute to the overall weight of an aircraft due to their volume and number. The adoption of lightweight composite materials for floor panels, which require adhesives instead of traditional fasteners, is on the rise. These lightweight materials enhance fuel efficiency, extend range, improve strength-to-weight ratios, reduce structural stress, and offer better corrosion resistance, inspection ease, optimized design, and passenger comfort. These advantages are expected to drive the adoption of lightweight aircraft floor panels among manufacturers globally.

Country Insights

The aircraft floor panel market in the MEA includes countries such as South Africa, Saudi Arabia, the UAE, and others. Saudi Arabia is the leading market in 2024, recognized for its significant role in the global aviation sector. The country's efforts to enhance its aviation industry, particularly through Saudi Vision 2030, have led to consistent growth in passenger numbers, necessitating the procurement of new aircraft. This increase in passengers has resulted in longer operational hours for aircraft, leading to higher demand for MRO services and lightweight floor panels.

Saudi Arabia's military expenditures are also substantial, with a large fleet of US-manufactured military aircraft requiring regular maintenance, further boosting the demand for aircraft floor panels. Recent collaborations, such as the one between Saudia Aerospace Engineering Industries (SAEI) and Lufthansa Technik, aim to enhance component support for their fleet, which includes numerous Boeing aircraft. Additionally, significant contracts, like the one awarded to John Cockerill for a new MRO facility, highlight the ongoing investment in the aviation sector.

In May 2024, Saudi Arabia's airlines placed a substantial order for approximately 105 Airbus aircraft, marking a significant investment in the aviation sector and driving demand for aircraft floor panels.

Company Profiles

Key players in the aircraft floor panel market include Singapore Technologies Engineering Ltd, Collins Aerospace, Safran SA, Triumph Group Inc, Latecose SA, The Gill Corporation, The Nordam Group LLC, Aeropair Ltd, The Boeing Company, VINCORION Advanced Systems GmbH, JCB Aero, Jones Metal Products, Geven spa, LMI Aerospace, Eco Earth Solutions, and Euro Composite S.A. These companies are pursuing strategies such as expansion, product innovation, and mergers and acquisitions to enhance their market presence and offer innovative solutions.

Product Code: TIPRE00017244

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. Middle East and Africa 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. Middle East and Africa Aircraft Floor Panel Market - Key Market Dynamics

5.1 Middle East and Africa Aircraft Floor Panel Market - Key Market Dynamics
5.2 Market Drivers
- 5.2.1 Growing Number of General Aviation Aircraft and Helicopter Deliveries
- 5.2.2 Rising Number of Orders and Production of Narrow Body Aircraft
5.3 Restraints:
- 5.3.1 Increase in Geopolitical Events to Hinder Supply Chain of Aircraft Components
5.4 Opportunities
- 5.4.1 Surge in Global Aircraft Fleet Size
- 5.4.2 Upcoming Aircraft Deliveries
5.5 Future Trends:
- 5.5.1 Usage of Lightweight Materials
- 5.5.2 Retrofitting of Older Aircraft Fleet
5.6 Impact of Drivers and Restraints:

6. Aircraft Floor Panel Market - Middle East and Africa Market Analysis

6.1 Middle East and Africa Aircraft Floor Panel Market Revenue (US$ Million), 2021-2031
6.2 Middle East and Africa Aircraft Floor Panel Market Forecast Analysis

7. Middle East and Africa Aircraft Floor Panel Market Analysis - by Aircraft Type

7.1 Narrow Body Aircraft
- 7.1.1 Overview
- 7.1.2 Narrow Body Aircraft: Middle East and Africa 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: Middle East and Africa Aircraft Floor Panel Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.3 General Aviation
- 7.3.1 Overview
- 7.3.2 General Aviation: Middle East and Africa Aircraft Floor Panel Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.4 Others
- 7.4.1 Overview
- 7.4.2 Others: Middle East and Africa Aircraft Floor Panel Market - Revenue and Forecast, 2021-2031 (US$ Million)

8. Middle East and Africa Aircraft Floor Panel Market Analysis - by Material Type

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

9. Middle East and Africa Aircraft Floor Panel Market Analysis - by Application

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

10. Middle East and Africa Aircraft Floor Panel Market Analysis - by End Use

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

11. Middle East and Africa Aircraft Floor Panel Market - Country Analysis

11.1 Middle East and Africa
- 11.1.1 Middle East and Africa Aircraft Floor Panel Market - Revenue and Forecast Analysis - by Country
  - 11.1.1.1 Middle East and Africa Aircraft Floor Panel Market - Revenue and Forecast Analysis - by Country
  - 11.1.1.2 South Africa: Middle East and Africa Aircraft Floor Panel Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 11.1.1.2.1 South Africa: Middle East and Africa Aircraft Floor Panel Market Share - by Aircraft Type
    - 11.1.1.2.2 South Africa: Middle East and Africa Aircraft Floor Panel Market Share - by Material Type
    - 11.1.1.2.3 South Africa: Middle East and Africa Aircraft Floor Panel Market Share - by Application
    - 11.1.1.2.4 South Africa: Middle East and Africa Aircraft Floor Panel Market Share - by End Use
  - 11.1.1.3 Saudi Arabia: Middle East and Africa Aircraft Floor Panel Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 11.1.1.3.1 Saudi Arabia: Middle East and Africa Aircraft Floor Panel Market Share - by Aircraft Type
    - 11.1.1.3.2 Saudi Arabia: Middle East and Africa Aircraft Floor Panel Market Share - by Material Type
    - 11.1.1.3.3 Saudi Arabia: Middle East and Africa Aircraft Floor Panel Market Share - by Application
    - 11.1.1.3.4 Saudi Arabia: Middle East and Africa Aircraft Floor Panel Market Share - by End Use
  - 11.1.1.4 United Arab Emirates: Middle East and Africa Aircraft Floor Panel Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 11.1.1.4.1 United Arab Emirates: Middle East and Africa Aircraft Floor Panel Market Share - by Aircraft Type
    - 11.1.1.4.2 United Arab Emirates: Middle East and Africa Aircraft Floor Panel Market Share - by Material Type
    - 11.1.1.4.3 United Arab Emirates: Middle East and Africa Aircraft Floor Panel Market Share - by Application
    - 11.1.1.4.4 United Arab Emirates: Middle East and Africa Aircraft Floor Panel Market Share - by End Use
  - 11.1.1.5 Rest of Middle East and Africa: Middle East and Africa Aircraft Floor Panel Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 11.1.1.5.1 Rest of Middle East and Africa: Middle East and Africa Aircraft Floor Panel Market Share - by Aircraft Type
    - 11.1.1.5.2 Rest of Middle East and Africa: Middle East and Africa Aircraft Floor Panel Market Share - by Material Type
    - 11.1.1.5.3 Rest of Middle East and Africa: Middle East and Africa Aircraft Floor Panel Market Share - by Application
    - 11.1.1.5.4 Rest of Middle East and Africa: Middle East and Africa 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