Selbyville, DE -- (SBWIRE) -- 11/12/2018 -- North America aerospace floor panels market holds major share owing to presence of major aircraft manufacturers including Lockheed Martin, Falcon, Boeing, Airbus and Bombardier. Europe region will foresee significant growth with constant increase in air passengers. In 2018, Europe witnessed over 5% rise in passenger traffic as compared to 2017. Latin America market is at nascent stage and will register healthy growth with owing to low air fare to attract more customers.

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Major aerospace floor panels market players include Rockwell Collins, Advanced Custom Manufacturing, EFW, Euro Composites, Avcorp Corporation, Aim Altitude, Triumph Group, EnCore Group, Zodiac Aerospace, Nordam Group and Gill Corporation.

Initiatives such as reduction in aircraft weight to enhance fuel efficiency will drive aerospace floor panels market growth during forecast period. Properties such as high strength to weight ratio and stiffness to improve cabins structural strength will spur its adoption. Companies are installing fire-retardant and chemical resistant materials to reduce fatalities and injuries during any accident. OEMs are replacing solid metals with honeycomb panels offering higher rigidity and lower weight. These initiatives will positively influence aerospace floor panels market.

OEM will register 2% growth with requirement of floor panel installation to confirm passenger safety and reduce aircraft weight. Industry players are undergoing strategic coalition with major aircraft manufacturers to increase market share. For instance, Rockwell Collins and Comlux have signed five-year agreement to provide retrofit facilities for business jets. Continuous rise in regional and commercial aircraft fleets will further support industry growth over projected timeline. Aftermarket segment will witness strong growth with increasing refurbishment activities in commercial and regional aircrafts.

Commercial aircraft will account for over 84% of total revenue till 2024 with substantial growth in global aviation industry. Rising per capita and annual income has augmented air passenger traffic resulting an increase in domestic and international fleet size. Growth in aircraft production facilities in regions such as Europe and North America will fuel aerospace floor panels market by 2024.

Nomex honeycomb segment will register gains at over 2% during the forecast period with increase in airplane demand. Properties such as high stiffness, fire resistance, lightweight, better dielectric properties, thermal stability, superior strength and dielectric properties will enhance aircraft flooring market demand. Product availability in different thickness and cell size sufficing customer demand will further boost aerospace floor panels market.

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Aluminum honeycomb materials will witness sturdy growth owing to high strength to weight ratio. Non-absorbent and high recyclable properties of aluminum decreases product cost. It imparts superior strength to structures that further enhances component life. Competitive cost in comparison with other materials will fuel aluminum honeycomb demand over the forecast period. Titanium honeycomb aerospace floor panels market segment will foresee growth with better corrosion resistance and strength as compared to stainless steel and aluminum.

Table of Content:

Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Aerospace Floor Panels Industry Insights
Chapter 4. Aerospace Floor Panels Market, By Aircraft
Chapter 5. Aerospace Floor Panels Market, By Raw Material
Chapter 6. Aerospace Floor Panels Market, By Distribution Channel
Chapter 7. Aerospace Floor Panels Market, By Region
Chapter 8 Company Profiles

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Related Report:

United States Aerospace Floor Panels Market Report 2018

In this report, the United States Aerospace Floor Panels market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.

https://www.marketstudyreport.com/reports/united-states-aerospace-floor-panels-market-report-2018/?utm_source=RR-PSR

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