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Aerospace Floor Panels Market: Key Players are Zodiac Aerospace, Triumph, Avcorp, EFW, Rockwell Collins
- 1. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Aerospace Floor Panels Market By Application, Growth Potential & Forecast, 2018 – 2024
- 2. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Reduction in gross airplane weight to improve fuel efficiency will drive the aerospace floor panels market size from 2018 to 2024. Properties including high stiffness and strength-weight ratio to meet structural strength will advocate its usage in cabin interiors. Companies are developing chemical resistant and fire-retardant materials to ensure passenger safety in case of any in-flight fire. As per International Air Transport Association (IATA), annual air passengers in 2017 increased from 4.1 billion to 4.3 billion as compared to 2017. Aircraft manufacturers such as Airbus and Bombardier have enhanced their production capacity to overcome past backlog. In 2017, aircraft production grew by 4% to meet the rising consumer demand. These factors will positively influence aerospace floor panels market share during forecast period. Commercial aircraft segment will contribute around 84% of overall revenue with significant growth in overall aerospace industry till 2024. Rising annual spending and disposable income has amplified air traffic and increased international and domestic fleets. Key Insights from Aerospace Floor Panels Market:
- 3. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Regional jet segment will register over 5.5% growth with increase in regional jets to fulfill aircraft gap between turbo prop and single aisle long range airplanes thereby accelerating product demand. Nomex honeycomb will witness 2.8% CAGR till 2024 owing to increase in commercial aircraft demand. Properties including high fire resistance, stiffness, lightweight, thermal stability, excellent dielectric properties and superior strength will boost its utilization during forecast period. OEM will witness around 2% CAGR till 2024 owing to panel installation during cabin fabrication to reduce overall aircraft weight and ensure passenger safety. Industry players have undergone strategic alliance with airplane manufacturers to ensure continuous product supply. Increase in commercial and regional airliners will support aerospace floor panels market growth over forecast period. Aftermarket share will foresee robust growth with rise in retrofit and refurbishment activities. Continued...
- 4. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Latest Research Report On Aerospace Floor Panels Market @ https://www.gminsights.com/industry-analysis/aerospace-floor-panels-market Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2716
- 5. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com U.S. Aerospace Floor Panels Market, By Aircrafts, 2017 & 2024, (Units)
- 6. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com • Advanced Custom Manufacturing, • Euro Composites, • Aim Altitude, • EnCore Group, • Nordam Group, • The Gill Corporation, • Zodiac Aerospace, • Triumph Group, • Avcorp Corporation, EFW Major Companies in Aerospace Floor Panels Market:
- 7. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Industry Coverage
- 8. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com North America holds the major aerospace floor panels market share with presence of aircraft manufacturers such as Falcon, Lockheed Martin, Boeing, Bombardier and Airbus. Europe will register substantial growth with increasing air traffic. In 2018, Europe recorded around 5% passenger traffic increase in comparison with 2017 further supporting the product demand. Middle East and Africa will witness growth owing to progress with prevailing travel and tourism industry. Regional Insights in Aerospace Floor Panels Market:
- 9. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Stay In Touch Website: www.gminsights.com Social Media: