Global Aircraft Wheels Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Construction Type;

Bias and Radial.

By Application;

Commercial Aviation and Military Aviation.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn865129842 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Aircraft Wheels Market (USD Million), 2020 - 2030

In the year 2023, the Global Aircraft Wheels Market was valued at USD 1,970.80 million. The size of this market is expected to increase to USD 3,210.51 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 7.2%.

The increasing number of air travel and air traffic has paved growing opportunities for several small to large scale aircraft and aircraft parts manufacturing houses. Additionally, the need to strengthen the defense and military aviation is leveling the way for higher prospects in military aviation. Aircraft wheels are crucial for aircraft landing and take-off. Wheels bear the weight of aircraft and are the reason for safe landing and take-off. Airlines and Big industry players are looking forward to spending on quality and efficient components for aircraft build-up. With increasing air passenger traffic and the high need for aircraft, the prospects for the Aircraft wheel Market are expected to transcend at a high rate in the forecasted period.

Key drivers shaping the dynamics of the Global Aircraft Wheels Market include the rising demand for air travel, stringent safety regulations, advancements in materials and manufacturing processes, and the increasing focus on operational efficiency and sustainability. Moreover, the market is influenced by factors such as aircraft fleet modernization initiatives, evolving customer preferences, and the growing emphasis on cost-effectiveness and lifecycle management.

As stakeholders within the aviation industry strive to address these challenges and opportunities, the Aircraft Wheels Market continues to witness significant innovation and investment. From the integration of lightweight materials to improve fuel efficiency, to the development of advanced braking systems for enhanced safety, manufacturers and suppliers are at the forefront of driving progress and meeting the evolving needs of the aerospace sector.

In this dynamic landscape, understanding the trends, drivers, and challenges within the Global Aircraft Wheels Market is crucial for stakeholders across the aviation value chain. By staying abreast of market developments and embracing innovative solutions, industry players can navigate the complexities of the modern aviation landscape and contribute to the continued growth and advancement of the Aircraft Wheels Market on a global scale.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Construction Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Aircraft wheels Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Aircraft Fleet Expansion and Modernization

        2. Stringent Safety Regulations

        3. Focus on Fuel Efficiency and Sustainability

      2. Restraints
        1. Competition from Alternate Technologies

        2. Long Certification Process

      3. Opportunities
        1. Modernization and Upgradation Projects

        2. Expansion of the Business Jet and Regional Aircraft

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Aircraft Wheels Market, By Construction Type, 2022 - 2032 (USD Million)
      1. Bias
      2. Radial
    2. Global Aircraft Wheels Market, By Application, 2022 - 2032 (USD Million)
      1. Commercial Aviation
      2. Military Aviation
    3. Global Aircraft Wheels Market, By Geography, 2022 - 2032 (USD Million)
      1. North America

        1. United States

        2. Canada

      2. Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Spain

        6. Nordic

        7. Benelux

        8. Rest of Europe

      3. Asia Pacific

        1. Japan

        2. China

        3. India

        4. Australia & New Zealand

        5. South Korea

        6. ASEAN (Association of South East Asian Countries)

        7. Rest of Asia Pacific

      4. Middle East & Africa

        1. GCC

        2. Israel

        3. South Africa

        4. Rest of Middle East & Africa

      5. Latin America

        1. Brazil

        2. Mexico

        3. Argentina

        4. Rest of Latin America

  6. Competitive Landscape
    1. Company Profiles
      1. Safran Landing Systems

      2. Honeywell International Inc

      3. Collins Aerospace (UTC)

      4. Magellan Aerospace Corporation

      5. Meggitt PLC

      6. Beringer Aero

      7. GKN Aerospace

      8. Parker Hannifin Corporation

      9. Dunlop Aircraft Tyres Ltd

      10. Michelin Aircraft Tyre

      11. Goodyear Tire & Rubber Co

      12. Aircraft Spruce and Specialty Co

      13. Dart Aerospace

      14. B/E Aerospace, Inc

      15. Hutchinson Aerospace & Industry

      16. Rosen Aviation

      17. UTC Aerospace Systems

      18. Grove Aircraft Landing Gear Systems Inc

      19. Desser Tire & Rubber Co. LLC

      20. General Aviation Modifications Inc

  7. Analyst Views
  8. Future Outlook of the Market