1. Market Research
  2. > Aerospace and Defense
  3. > Aerospace
  4. > Aviation
  5. > Aircraft Market Trends
Asia Pacific Aircraft Floor Panel Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Aircraft Type, Material Type, Sales Channel, and End User

Asia Pacific Aircraft Floor Panel Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Aircraft Type, Material Type, Sales Channel, and End User

  • December 2020
  • 126 pages
  • ID: 6004125
  • Format: PDF
  • The Insight Partners
Up to $1000 off Until Feb 28th 2021

Summary

Table of Contents

Search Inside

The APAC aircraft floor panel market is expected to grow from US$ 109.99 million in 2019 to US$ 183.00 million by 2027; it is estimated to grow at a CAGR of 8.6% from 2020 to 2027.
Rising demand for air freighter fleet is expected to escalate the APAC aircraft floor panel market.The air freight business across the APAC region is surging at an exponential rate, thereby driving the orders and shipment of freighter aircraft models across APAC.

The wide body freighters dominated the air freight industry over the years, thus boosting the procurement volumes of aircraft floor panels.The flooring of any freighter aircraft is manufactured with ultimate precaution and accuracy, as the floor panels need to carry heavier loads than passenger aircraft cargo compartments.

Moreover, the strength and rigidity of these floor panels is of utmost importance.Several cargo carriers are procuring narrow body freighters and are also converting the existing narrow body passenger aircraft to freighter aircraft.

The Boeing B737 series aircraft fleet is also anticipated to experience strong demand for passenger-to-freighter conversion, which would allow several aircraft floor panel market players across APAC and aftermarket players to witness higher demand for their products and services. These developments would propel the APAC aircraft floor panel market in the coming years. The mounting demand for freighter aircraft—also leading to surge in passenger-to-freighter conversion—would escalate the need for suitable floor panels in the coming years, thereby driving the APAC aircraft floor panel market.
APAC, especially China and India, is highly affected due to COVID-19 outbreak.China is one of the leading aerospace manufacturing countries in the region and has been one of APAC’s most affected country.

Due to this, the manufacturing facilities have been witnessing severe conditions in aircraft and aircraft component manufacturing facilities.India, Japan, and South Korea are still combating the virus.

However, the countries have eased the lockdown measures, which is reflecting the restart of manufacturing facilities.Nonetheless, the remarkably lower volumes of air travel passengers have slowed down the demand for various components among the OEMs and aftermarket players regionally and internationally.

This has been negatively affecting the aircraft floor panels market. Several airlines in the region have retired their wide body jets and narrow body jets, which were prime customers of aftermarket products and services. This factor is anticipated to inhibit the aircraft floor panel market for the next few months.
Based on sales channel, the aftermarket segment led the APAC aircraft floor panel market in 2019.The market for spare parts, accessories, and component is known as aftermarket.

Floor panels can experience damage because of regular wear-and-tear, abnormal loading, or impacts.This is generally the case for heavy-use areas including cargo holds and passenger entryways.

While it is normal for floor panels to experience damage during their service life, prompt detection is significant in identifying any airworthiness concerns and to ensure the damage does not rise beyond safe and repairable limits.The panel manufacturing system is built for efficiency so it is faster and less costly to make a new panel than to repair a damaged one.

A rise in commercial and regional airliners is expected to increase the use of aircraft floor panels, which would boost the demand for spare parts from aftermarket due to damage floor panel experience during their service life. This, in turn, is likely to drive the APAC aircraft floor panel market.
The overall APAC aircraft floor panel market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the APAC aircraft floor panel market.

The process also serves the purpose of obtaining overview and forecast for the APAC aircraft floor panel market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants who typically take part in such a process include industry experts, such as VPs, business development managers, aircraft floor panel market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the APAC aircraft floor panel market. Aeropair Ltd; Aim Altitude UK Ltd.; Avcorp Industries Inc.; Collins Aerospace, a Raytheon Technologies Corporation company; Eco Earth solutions; Euro Composite S.A.; Safran S.A; Singapore Technologies Engineering Ltd; The Gill Corporation; and The Nordam Group LLC are among a few players operating in the APAC aircraft floor panel market.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
20% Off

$3000

  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Africa Aviation MRO Market - Growth, Trends, and Forecasts (2020 - 2025)

  • $ 3750
  • January 2021
  • 199 pages

The Africa aviation MRO market is anticipated to register a CAGR of 5.44% during the forecast period. - The African aviation industry lags compared to the rest of the world in terms of both aviation demand ...

  • Africa
  • World
  • Aircraft
  • Aviation
  • Industry analysis
  • Air Passenger Traffic
  • Aircraft Fleet Size

ref:plp2020

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on