DUBLIN--(BUSINESS WIRE)--The "Middle East and Africa Aircraft Floor Panel Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Aircraft Type, Material Type, Sales Channel, and End User" report has been added to ResearchAndMarkets.com's offering.
Wide Body Aircrafts Segment to Dominate MEA Aircraft Floor Panel Market during 2019-2027
MEA Aircraft Floor Panel Market is expected to reach US$ 47.63 million by 2027 from US$ 33.96 million in 2019. The market is estimated to grow at a CAGR of 5.4% from 2020 to 2027.
The report provides trends prevailing in the MEA aircraft floor panel market along with the drivers and restraints pertaining to the market growth. Mounting emphasis on use of lightweight materials and increasing demand for air freighter fleet are the major factor driving the growth of the MEA aircraft floor panel market. However, Boeing's disappointment from B737 max and cancellation of A380 program hinder the growth of MEA aircraft floor panel market.
In case of COVID-19, MEA is highly affected specially the UAE and Iran. The MEA aircraft floor panels market is majorly affected by the disruption in the supply chain. Pertaining to the closure of countries' borders, the supply chain of several components and parts has been disturbed.
The demand for advanced aircraft components, including aircraft floor panels for line fitting and retrofitting activities on military aircraft fleet and general aviation fleet among the aircraft manufacturers, military forces, and MRO service providers, has weakened over the past couple of months. This has resulted in a loss of business among the aircraft floor panel market players offering their products to respective customers in the MEA region.
Additionally, several airlines have postponed or canceled the procurement or orders of scheduled aircraft. South Africa has few aircraft manufacturers, which produce general aviation piston aircraft. The widespread COVID-19 viruses have led the manufacturers to suspend their operations or operate with a minimal workforce temporarily. This has weakened the demand for aircraft floor panels, thereby hindering the country's aircraft floor panel market.
Aim Altitude UK Ltd.; Collins Aerospace, a Raytheon Technologies Corporation company; Euro Composite S.A.; Safran S.A; Singapore Technologies Engineering Ltd; The Gill Corporation are among the leading companies in the MEA aircraft floor panel market.
The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2019, Euro Composite S.A. announced to invest 160 million euro in developing and expanding its Luxembourg site over the next 10 years.
Key Topics Covered:
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.2 Secondary Research
3.3 Primary Research
4. MEA Aircraft Floor Panel Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.3 Ecosystem Analysis
5. MEA Aircraft Floor Panel Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Aircraft Orders and Delivery Volumes
5.1.2 Mounting Emphasis on Use of Lightweight Materials
5.2 Market Restraint
5.2.1 Boeing's Disappointment from B737 Max and Cancellation of A380 Program
5.3 Market Opportunities
5.3.1 Burgeoning Adoption of Wide-Body Jets and Business Jets
5.4.1 Increasing Demand for Air Freighter Fleet
5.5 Impact Analysis of Drivers and Restraints
6. Aircraft Floor Panel Market - MEA Analysis
6.2 MEA Aircraft Floor Panel Market - Revenue and Forecast to 2027 (US$ million)
6.3 Market Positioning - Players Ranking
7. MEA Aircraft Floor Panel Market Analysis - By Aircraft Type
7.1.1 MEA Aircraft Floor Panel Market Breakdown, by Aircraft Type, 2019 & 2027
7.2 Wide body Aircraft
7.3 Narrow body Aircraft
7.4 General Aviation
8. MEA Aircraft Floor Panel Market Analysis - By Material Type
8.2 MEA Aircraft Floor Panel Market Breakdown, by Material Type, 2019 & 2027
8.3 Aluminum Honeycomb
8.4 Nomex Honeycomb
9. MEA Aircraft Floor Panel Market Analysis - By Sales Channel
9.2 MEA Aircraft floor panel Market Breakdown, by Sales Channel, 2019 & 2027
10. MEA Aircraft Floor Panel Market Analysis - By End User
10.2 MEA Aircraft floor panel Market Breakdown, by End User, 2019 & 2027
11. MEA Aircraft Floor Panel Market - Country Analysis
12. Impact of COVID-19 Outbreak
12.1 MEA: Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.2 Market Initiative
14. Company Profiles
- Aim Altitude UK Ltd.
- Collins Aerospace, a Raytheon Technologies Corporation company
- Euro Composite S.A.
- Safran S.A
- Singapore Technologies Engineering Ltd
- The Gill Corporation
For more information about this report visit https://www.researchandmarkets.com/r/r6mbp5