According to a new market report published by
Lucintel, the future of the global commercial aerospace landing gear market
looks good with opportunities in the commercial aircraft,
regional aircraft, and business jet. The
global commercial aerospace landing gear market is expected to reach an
estimated $2.8 billion by 2021 at a CAGR of 4.1% from 2016 to 2021. The major
drivers of growth for this market are increasing
deliveries of aircraft and upcoming aircraft programs leading to
growth in demand for commercial aerospace landing gear.
In this
market, commercial aircraft, regional aircraft, and business jets are the major
segments of landing gear by aircraft type. On
the basis of its comprehensive research, Lucintel forecasts that the commercial
aircraft segment is expected to show above average growth during the forecast
period of 2016 to 2021.
Within the global commercial aerospace landing
gear market, main landing gear is the largest segment as an aircraft landing
gear arrangement contains two main landing gears and a nose landing gear.
North America is expected to remain the
largest region because the major customers of landing gear such as Boeing,
Bombardier, Cessna Aircraft, and Gulfstream Aerospace are located in this
region.
Europe is expected to witness the highest growth
over the forecast period due to development of new aircraft, such as A350XWB,
A380, and A320Neo which will increase the demand for landing gear in this
region.
For business expansion, Lucintel’s
report suggests new product development to introduce lightweight landing gear. The report further suggests the development of
partnerships with customers to create win-win situations and the development of
low-cost solutions for customers.
Emerging
trends, which have a direct impact on the dynamics of the industry, include the
introduction of electric brakes and increasing usage of lightweight materials
in landing gear manufacturing. Messier-Bugatti-Dowty, UTC Aerospace Systems,
Liebherr, and Héroux-Devtek are among the major manufacturers of
commercial aerospace landing gear. Of these, several are seeking mergers and
acquisitions as strategic initiatives to drive growth.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed growth opportunities in the
global commercial aerospace landing gear market by landing gear type, aircraft
type, and region, and has compiled a comprehensive research report entitled, “Growth
Opportunities in the Global Commercial Aerospace landing Gear Market 2016-2021:
Trends, Forecast, and Market Analysis.” This Lucintel report serves as a springboard for growth strategy by
provides a comprehensive data and analysis on trends, key drivers, and
directions. The study includes a forecast for the growth opportunities in the
global commercial aerospace landing gear market by aircraft type, landing gear
type, and region as follows:
By Aircraft
Type (Value $ million from 2010 to 2021):
·
Commercial
Aircraft
·
Regional
Aircraft
·
Business
Jet
By Landing
Gear Type (Value $ million 2015):
·
Main
Landing Gear
·
Nose
Landing Gear
By Region (Value $ million from 2010 to 2021):
·
North America
·
Europe
·
Asia Pacific
·
The Rest of the World
This
84-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings
include Aerospace
Report, Defense
Market Report, SWOT Matrix, Due Diligence
and Mergers
& Acquisitions.
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.
For further information, visit www.lucintel.com.
This
report answers the following 11 key questions:
Q.1 What are some of the potential, high-growth
opportunities for the global commercial aerospace landing gear market by
landing gear type (Main Landing Gear and Nose Landing Gear), aircraft type
(Commercial Aircraft, Regional Aircraft, and Business Jet), 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 drivers and challenges in this market?
Q.5 What
are the business risks and threats of this market?
Q.6 What are the emerging trends in this market
and 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 being implemented by key players for business
growth?
Q.10 How is the competitive
rivalry and threat of substitution in this market?
Q.11 What M&A activity has occurred in the
last 5 years?
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