Industry Background:
Aircraft wheels are generally overlooked yet important component of an aircraft landing gear system providing the necessary structural strength and support to the tyres. These components take up the major load of an aircraft during taxing, take-off and landing. It has become imperative in the current scenario that aircraft wheels be made as light as possible while still retaining maximum structural strength in order to achieve low fuel consumption. Aircraft wheels differ slightly in design from automotive wheels owing to the fact these have to accommodate multiple disc brake variants.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Safran (France), UTC (United States), Meggit (United Kingdom), Honeywell (United States), Parker Hannifin (United States), Beringer Aero U.S.A., Inc. (United States), Héroux-Devtek (Canada), LIEBHERR (Germany), Michelin Aircraft Tire Company (United States), The Goodyear Tire & Rubber Company (United States) and Dunlop Aircraft Tires (United Kingdom) |
This growth is primarily driven by Greater application of 3D manufacturing techniques.
Globally, a noticeable market trend is evident Narrow-body aircraft segment expected to dominate the Commercial Aircraft Major Manufacturers, such as Safran (France), UTC (United States), Meggit (United Kingdom), Honeywell (United States), Parker Hannifin (United States), Beringer Aero U.S.A., Inc. (United States), Héroux-Devtek (Canada), LIEBHERR (Germany), Michelin Aircraft Tire Company (United States), The Goodyear Tire & Rubber Company (United States) and Dunlop Aircraft Tires (United Kingdom), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The market appears to be fragmented and with the presence of several companies including Safran and United Technologies, the competitive environment is quite intense. Factors such as the greater application of 3D manufacturing techniques and the growing developments in the manufacturing, will provide considerable growth opportunities to commercial aircraft wheels manufactures.
Key Developments in the Market:
19th December 2018: Boeing has purchase 80% of Embraer's commercial aircraft division. They have approved the terms of their proposed joint venture.
In November 2021, Honeywell Launched two new resillient navigation system .the system will provide multiple layers of protection that allowed continueed operation In GNSS .Honeywell is a fortune 100 technology company that delivers industry specific solution that include aerospace product and service .
Influencing Trend:
Narrow-body aircraft segment expected to dominate the Commercial Aircraft
Market Growth Drivers:
Greater application of 3D manufacturing techniques
Challenges:
Accurate determination of the tire/wheel interface pressure distribution under various loading conditions
Restraints:
The nose gear tends to be weaker than the main gear
Opportunities:
Increase in number of airports
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Aircraft Wheels Market
- Analysis about New Entrants in Aircraft Wheels Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Aircraft Wheels Study Sheds Light on
The Aircraft Wheels Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Aircraft Wheels industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Aircraft Wheels industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.