Aircraft Wheels Market Size And Forecast by 2031
Aircraft wheels market size is valued at USD 77.89 million by 2028 and is expected to grow at a compound annual growth rate of 3.30% over the forecast period of 2021 to 2028. . Aircraft Wheels Market report provides a holistic evaluation of the market. The report offers comprehensive analysis of Size, Share, Scope, Demand, Growth, Value, Opportunities, Industry Statistics, Industry Trends, Industry Share, Revenue Analysis, Revenue Forecast, Future Scope, Challenges, Growth Drivers, leaders, graph, insights, Research Report, companies, overview, outlook and factors that are playing a substantial role in the market.
Global Aircraft Wheels Market Segmentation Analysis
Global Aircraft Wheels Market, By Type (Nose Wheels, Main Landing Gear Wheels), Application (Narrow Body Aircraft, Wide Body Aircraft, Very Large Body Aircraft, Regional Aircraft), Distribution Channel (Original Equipment Manufacturer (OEM), Aftermarket), Country (U.S., copyright, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
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Which are the top companies operating in the Aircraft Wheels Market?
The “Global Aircraft Wheels Market ”study report will provide a valuable insight with an emphasis on the global market. The report profiles noticeable organizations working in the water purifier showcase and the triumphant methodologies received by them. It likewise reveals insights about the share held by each organization and their contribution to the Aircraft Wheels Market extension. This Aircraft Wheels Market report provides the information of the Top 10 Companies in Aircraft Wheels Market in the market their business strategy, financial situation etc.
**Segments**
- By Aircraft Type: Commercial Aircraft, Military Aircraft, Business Jet, Helicopter
- By Product Type: Main Wheels, Nose Wheels
- By Material: Magnesium Alloy, Aluminum Alloy, Carbon Fiber
- By End-User: OEM, Aftermarket
The aircraft wheels market witnessed a significant impact in 2020 due to the COVID-19 pandemic, which led to a decline in air travel and subsequently affected new aircraft deliveries. However, as the industry gradually recovers, the market is expected to showcase steady growth between 2021 and 2028. Commercial aircraft are anticipated to dominate the market, driven by increasing air passenger traffic and fleet expansion by airlines. The demand for lightweight and durable wheels, particularly made from materials such as magnesium alloy and carbon fiber, is also expected to rise in the coming years.
**Market Players**
- Safran Landing Systems
- Honeywell International Inc.
- Meggitt PLC
- Collins Aerospace
- Parker Hannifin Corp.
- CAE Inc.
- Heroux-Devtek Inc.
- Magellan Aerospace Corporation
These key market players have a strong presence in the aircraft wheels market, with a focus on innovation, product development, and strategic partnerships. Collaborations with aircraft manufacturers and airlines for the development of advanced wheels are key strategies employed by these companies to maintain their competitive edge in the market. Additionally, investments in research and development activities to enhance the performance and efficiency of aircraft wheels are expected to drive growth and expansion opportunities for these players in the forecast period.
In conclusion, the global aircraft wheels market is poised for steady growth post-pandemic, driven by the recovery of the aviation sector and increasing demand for new aircraft across commercial, military, and business jet segments. The focus on lightweight materials and advanced technologies is anticipated to shape the market landscape, with key players leading the way in innovation and strategic initiatives to meet evolving industry requirements.
https://www.databridgemarketresearch.com/reports/global-aircraftThe aircraft wheels market is a critical component of the aviation industry, encompassing various segments such as commercial aircraft, military aircraft, business jets, and helicopters. Each segment has unique requirements and demands for aircraft wheels based on factors like structural design, load-bearing capacity, and material composition. Commercial aircraft, being a major driver of the market, are expected to lead the growth trajectory as air travel rebounds post the COVID-19 pandemic. The surge in air passenger traffic and the need for fleet expansion are anticipated to fuel the demand for high-quality wheels that offer a balance of strength and lightweight characteristics.
In terms of product type, the market is segmented into main wheels and nose wheels, each playing a specific role in the landing and take-off operations of an aircraft. The material used in aircraft wheels is a crucial factor in determining performance and durability. Materials such as magnesium alloy, aluminum alloy, and carbon fiber are preferred for their strength-to-weight ratio, corrosion resistance, and overall performance benefits. The shift towards lightweight materials, particularly carbon fiber, is expected to gain traction as manufacturers prioritize fuel efficiency and operational cost savings.
The end-user segmentation of the aircraft wheels market into OEM and aftermarket reflects the diverse customer base and service requirements within the aviation industry. OEMs are the primary users of aircraft wheels, integrating them into new aircraft during manufacturing processes. On the other hand, the aftermarket segment caters to replacement and maintenance needs, offering repair and overhaul services to ensure the continued airworthiness of aircraft wheels throughout their lifecycle. The aftermarket segment is anticipated to witness growth opportunities as airlines and operators focus on operational efficiency and safety standards.
Key market players such as Safran Landing Systems, Honeywell International Inc., and Collins Aerospace hold significant market share and influence due to their innovative product offerings, strategic partnerships, and continuous investment in research and development. These companies are at the forefront of developing advanced wheels that meet evolving industry requirements for performance, reliability, and safety. Collaborations with aircraft manufacturers and airlines further strengthen their market position**Market Players**
- BERINGER AERO
- Collins Aerospace, a Raytheon Technologies company
- Honeywell International Inc
- Safran
- Lufthansa Technik
- Parker Hannifin Corp
- Crane Aerospace & Electronics
- The Goodyear Tire & Rubber Company
- Grove Aircraft Landing Gear Systems Inc
- Magnum Aviation Pvt. Ltd
- NMG Aerospace
- Trelleborg AB
- Horizon Aerospace Pvt. Ltd
- AeroSavvy
- Bridgestone Corporation
- MICHELIN
- THE TIMKEN COMPANY
- Dunlop Aircraft Tyres Limited
- Rotable Repairs Ltd
- Meggitt PLC
The global aircraft wheels market, segmented by various categories such as aircraft type, product type, material, and end-users, is expected to witness steady growth in the forecast period post the pandemic impact. Commercial aircraft, being the major contributor to market expansion, will likely lead the growth as air travel demand rebounds. The surge in air passenger traffic and the need for fleet expansion will drive the demand for high-quality wheels, with lightweight and durable materials like magnesium alloy and carbon fiber gaining preference for improved performance and fuel efficiency.
In addition, the segmentation by product type into main and nose wheels highlights the critical roles these components play in aircraft operations. The choice of materials, including magnesium alloy, aluminum alloy, and carbon fiber, significantly impacts the strength, weight, and longevity of the wheels. The market trend towards lightweight
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Overview of the Aircraft Wheels Market Research Report
The Aircraft Wheels Market research report commences with an in-depth overview covering definitions, applications, product/service launches, developments, challenges, and regional analysis. The forecast underlines robust growth fueled by increasing consumption in diverse markets. Furthermore, the report delves into current market trends and key characteristics.
Objectives of the Report
Conduct a comprehensive investigation to forecast the value and volume of the Aircraft Wheels Market.
Analyze and project market shares for major segments within the Aircraft Wheels Market.
Depict the evolving landscape of the Aircraft Wheels Market across global regions.
Examine and assess micro markets, their contributions, and growth potential within the Aircraft Wheels Market.
Provide accurate insights into the factors driving the growth of the Aircraft Wheels Market.
Offer a detailed analysis of key strategies adopted by major companies, such as R&D, collaborations, agreements, partnerships, acquisitions, mergers, new product launches, and other strategic initiatives.
Market Overview
The study concentrates on the present state of the Aircraft Wheels Market, evaluating key statistics including CAGR, gross margin, revenue, pricing, production growth rate, volume, value, market share, and year-over-year growth. This thorough analysis is conducted using the latest primary and secondary research methods. Leading company profiles are scrutinized based on factors like the markets they serve, production, revenues, market shares, recent developments, and gross profit margins. The report also provides a detailed exploration of market drivers, constraints, opportunities, challenges, and trends within the market dynamics section.
Table of Contents:
Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
Market Purview
Report DescriptionMarket Definition and Scope
Executive Summary
Market Snapshot, By Type
Market Snapshot, By Application
Market Snapshot, By Region
Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Market Opportunities
And more...
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