The future of the global aircraft wheels and brakes market looks promising with opportunities in the OEM and aftermarket markets. The global aircraft wheels and brakes market is expected to reach an estimated $6 billion by 2030 with a CAGR of 6.8% from 2024 to 2030. The major drivers for this market are growing demand for air travel, carriers' quick fleet expansion, and the rising number of new aircraft deliveries.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the aircraft wheels and
brakes market by wheel type (nose wheel and main landing gear wheel), brake
type (carbon brake and steel brake), end use (OEM, aftermarket, and others),
and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and
why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market
and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market, nose
wheel and main landing gear wheel are the major segments of aircraft wheels and
brakes market by wheel type.
Lucintel forecasts that
main landing gear wheel will remain the larger segment over the forecast period
because the aircraft use their main landing gear wheel a lot during parking,
taxiing, taking off, and landing.
Within this market, OEM
is expected to witness the higher growth due to the shift toward economical
living and environmental concern prompted OEMs to increase the bar for weight
reduction.
North America will
remain the largest region over the forecast period due to the enormous number
of aircraft produced for both military and civilian applications and the rising
number of air travelers.
Boeing, Airbus,
Bombardier, Embraer, and Mitsubishi Heavy Industries are the major suppliers in
the aircraft wheels and brakes market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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