The market for aircraft floor panels witnessed a severe decline of more than -40% in 2020, because of the lockdown and supply chain disruption caused by the outbreak of COVID-19. The year 2021 was projected to be a promising year by some; however, airlines that had intended to replace their floor panels in 2021 were forced to delay or cancel plans due to the financial crisis. This, combined with a production issue in B787 found during the shimming process, caused the market for aircraft floor panels to decline by more than -15% in 2021.

An expected recovery in the aircraft demand to support recovering air passenger traffic, new upcoming aircraft programs, and growing aircraft fleet size collectively turn the headwinds into the tailwinds. Overall, the aircraft floor panel market is estimated to grow at an impressive CAGR of 11.7% during the forecast period to reach a value of US$ 0.69 Billion in 2028.