The landing gear is the part of an aircraft's undercarriage that supports the entire weight of the aircraft during takeoff and landing. Due to persistent extreme stress conditions during its operations, there is a need for timely repair and overhaul at regular intervals for safe and efficient aircraft operations to maintain and improve its performance. To achieve maximum fuel efficiency, aircraft are now fitted with technologically advanced landing gear. During the forecast period, the global aircraft landing gear repair and overhaul market is expected to expand at a significant rate.
The "Global Aircraft Landing Gear MRO Market Analysis to 2028" is a specialized and in-depth study of the aircraft landing gear MRO market with a special focus on the global market trend analysis. The report aims to provide an overview of aircraft landing gear MRO market with detailed market segmentation by gear position, aircraft type, activities, aircraft users, and geography. The global aircraft landing gear MRO market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading aircraft landing gear MRO market players and offers key trends and opportunities in the aircraft landing gear MRO market. MARKET SEGMENTATION
On the basis of gear position, the market is segmented as nose gear and main gear.
on the basis of aircraft type, the market is segmented as fixed wing aircraft and rotary wing aircraft.
Further on basis of activities, the market is segmented as single overhaul, non-destructive testing, machining, tire retreading, and others.
based on aircraft users, the market is segmented as commercial and military.
MARKET DYNAMICS Drivers:
Growing demand for aircraft MRO outsourcing
Rising investments in aircraft MRO services.
Integration of IT and Maintenance and Repair Operations (MRO)
Retirement of old aircrafts and introduction of new advanced models
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The aircraft landing gear MRO market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the aircraft landing gear MRO market in these regions.
IMPACT OF COVID-19 ON AIRCRAFT LANDING GEAR MRO MARKET
COVID-19 severely impacted the aviation industry by the end of 2020 as there were several travel bans and other lockdown related restrictions imposed across the globe. The impact of the pandemic extends to all segments of the aviation and aerospace industry, including aircraft landing gear MRO manufacturers. As a result of travel restrictions and economic slowdown due to the pandemic and the consequent fall in demand, airlines have been focusing on reducing costs and expenses, which includes cutting back on MRO spending. Due to long duration of parked aircrafts, there will be an accelerated rate of aircraft retirements and more efficient and sustainable aircrafts will be deployed. Since more maintenance is required by aircrafts as they age, the replacement of older aircrafts by new ones is further affecting the aircraft landing gear MRO market.
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The reports cover key developments in the aircraft landing gear MRO market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from aircraft landing gear MRO market are anticipated to lucrative growth opportunities in the future with the rising demand for aircraft landing gear MRO market. Below mentioned is the list of few companies engaged in the aircraft landing gear MRO market.
The report also includes the profiles of key aircraft landing gear MRO market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
Global Aerospace Corporation
Hong Kong Aircraft Engineering Company Limited
Sika Interplant Systems Limited
TURKISH TECHNIC INC.
The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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The List of Companies
1. AAR CORPORATION
2. Delta TechOps
4. Global Aerospace Corporation
5. Hong Kong Aircraft Engineering Company Limited
6. Lufthansa Technik
7. RUAG Group
9. Sika Interplant Systems Limited
10. TURKISH TECHNIC INC.