Aircraft Flooring Market Scope
Over the past few decades, global air traffic has been increased drastically which has ultimately upsurged the demand for aircraft spare parts as well as equipment. The aircraft manufactures primarily aim to minimize the aircraft weight so that they can improve the efficiency of the vehicle. Thus, it has ultimately upsurged the demand for lightweight aircraft flooring. Moreover, with increasing passenger safety, the demand for chemical-resistant and fire-retardant flooring has been escalated over the forecasted period.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Cooper Standard Automotive Inc. (United States), Avcorp Industries Inc. (Canada), Rockwell Collins (United States), Euro-Composites Corporation (United States), Encore Capital Group, Inc. (United States), The Gill Corporation (United States), Triumph Composite Systems Inc. (United States), Zodiac Aerospace (France) and Luminator Technology Group (United States) |
CAGR | % |
"According to AMA, the Global Aircraft Flooring market is expected to see growth rate of % and may see market size of USD228.45 Million by 2028."Aircraft Flooring market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Aircraft Flooring market throughout the predicted period.
Cooper Standard Automotive Inc. (United States), Avcorp Industries Inc. (Canada), Rockwell Collins (United States), Euro-Composites Corporation (United States), Encore Capital Group, Inc. (United States), The Gill Corporation (United States), Triumph Composite Systems Inc. (United States), Zodiac Aerospace (France) and Luminator Technology Group (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Aircraft Flooring market by Type and Region with country level break-up.
On the basis of geography, the market of Aircraft Flooring has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
On January 25, 2019, "Avcorp Industries Inc." (the “Company” or “Avcorp”) has announced that the Company and its wholly-owned subsidiary Avcorp Composite Fabrication Inc. have reached to a settlement with all the “SGL Parties” including HITCO Carbon Composites, SGL Carbon LLC, and SGL Carbon SE. This settlement corresponds to all claims related to alleged deficiencies in HITCO’s non-destructive inspection processes in exchange for the payment of an undisclosed settlement payment and mutual releases among the Avcorp Parties and SGL Parties.
On January 14, 2019, a leading global supplier of systems and components for the automotive industry, " Cooper-Standard Holdings Inc." has agreed to supply the recently introduced 2020 Ford Explorer with sealing and fluid transfer systems, including Fortrex lightweight elastomeric material.
Influencing Trend:
Growing Adoption of Chemical-Resistant and Fire-Retardant Materials for Aircraft Flooring and Introduction to Light Weight and Strengthened Aircraft Floorings
Market Growth Drivers:
Upsurging Air Traffic across the Globe and Increasing Need to Reduce gross Airplane Weight to improve fuel efficiency
Challenges:
Negligible Manufacturing Tolerance in case of Aircraft Flooring and Similar Equipment
Restraints:
Comparatively Expensive than Basic Flooring Units and Production Capacity Limitations Since it depends on Aircraft Manufacturing
Opportunities:
Increasing International Trades leading to Increased Demand and Continues Technological Advancements in Aircraft Flooring Development
Key Target Audience
Aircraft Flooring Manufacturers, Aircraft Flooring Distributors and Traders, Aircraft Manufacturing Industry Associations, Government Agencies, Research and Development Institutes, Aerospace Industry Associations, Upstream and Downstream Buyers and Others