Scope of the Study
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.
The market study is being classified and major geographies with country level break-up. and may see market size of USD228.45 Million by 2024.
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 profiled in the study.
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Aircraft Flooring market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Aircraft Flooring market by Type, Application and Region.
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). If we see Market by Aircraft Type, the sub-segment i.e. Narrow Body will boost the Aircraft Flooring market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Nomex Honeycomb will boost the Aircraft Flooring market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. OEM will boost the Aircraft Flooring market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Upsurging Air Traffic across the Globe
- Increasing Need to Reduce gross Airplane Weight to improve fuel efficiency
- Growing Adoption of Chemical-Resistant and Fire-Retardant Materials for Aircraft Flooring
- Introduction to Light Weight and Strengthened Aircraft Floorings
- Comparatively Expensive than Basic Flooring Units
- Production Capacity Limitations Since it depends on Aircraft Manufacturing
- Increasing International Trades leading to Increased Demand
- Continues Technological Advancements in Aircraft Flooring Development
- Negligible Manufacturing Tolerance in case of Aircraft Flooring and Similar Equipment
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.
Key Target AudienceAircraft 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
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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