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Aircraft Wheels Market

2021

Aircraft Wheels Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Main Wheel and Nose Wheel), Aircraft Type (Fixed Wing Aircraft, Rotary Wing Aircraft, and UAV), Fit Type (Line Fit and Retrofit), and End User (Commercial and Military)

Publication Month: Sep 2021 | Report Code: TIPRE00021704 | No. of Pages: 172 | Category: Aerospace and Defense | Status: Published

Market Insights

Aircraft Wheels Market to Grow at a CAGR of 7.2% to reach US$ 2,769.54 Million from 2020 to 2028

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The aircraft wheels market is expected to grow from US$ 1,704.25 million in 2021 to US$ 2,769.54 million by 2028; it is estimated to grow at a CAGR of 7.2% during 2021–2028.

There is an increase in orders for new commercial aircraft across the world. For instance, Delta Airlines placed an order of 95 A220 aircraft, out of which 12 A220 aircraft were supplied in May 2020, and the rest are scheduled to be delivered by the end of 2023. United Airlines is focusing on replacing some of its aging Boeing 767s and 757s with new-generation aircraft, such as Boeing 787 or long-range A321LR. Also, Frontier Airlines has ~175 A320 family aircraft on orders. Therefore, the increasing orders for new aircraft are positively favoring the aircraft wheels’ business across the world and subsequently propelling the growth of the aircraft wheels market. However, the COVID-19 pandemic severely affected the market due to the shutdown of the global economy and subsequently lowered the productivity of aircraft manufacturing plants in the first two quarters of 2020. Continuous growth in the number of COVID-19 confirmed patients compelled governments and other authorities to impose complete or partial restrictions on cargo transportation, which has disrupted the supply chains of raw material for aircraft wheels. These conditions hindered the overall business of aircraft wheels market players.

Impact of COVID-19 Pandemic on Aircraft Wheels Market

The COVID-19 outbreak has significantly affected the world and is continuing to shatter several countries. Until the outbreak, the aerospace industry was experiencing substantial growth in terms of production. Despite huge backlogs from aircraft manufacturers, the global aviation industry witnessed a significant rise in the number of passengers count and an increase in aircraft procurement before the pandemic.
Unfortunately, the COVID-19 outbreak has decimated the demand for aircraft globally, which reflected significantly lower volumes of orders among aircraft manufacturers and resulted in a lower number of productions. The decline in production volumes adversely affected the businesses of various component manufacturers and associated technologies. Thus, the aircraft wheels market players' businesses have been severely affected by destabilization in aircraft production.
During the widespread of COVID-19 virus, the entire commercial aviation industry came to a halt with minimal resources to foresee the future. Several production units in the US, France, Russia, and China were temporarily paused to adhere to the government rules in respect to lockdown and physical distancing. The aircraft manufacturers witnessed a significant reduction in demand for most of the aircraft models, especially, commercial aircraft models. The decrease in aircraft production and assembly has affected the demand for aircraft wheels, resulting in lower revenue generation. This factor negatively impacted the aircraft wheels market.

Lucrative Regions for Aircraft Wheels Providers

Lucrative Regions for Aircraft Wheels Providers

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Aircraft Wheels Market Insights
Rising Volumes of Aircraft Orders and Their Deliveries Fuels Growth of Aircraft Wheels Market

The demand for aircraft is rising across the world, owing to the rapidly growing airline industry in the developing economies because of the continuously increasing demand for passenger airline services. In addition, the aviation industry is undergoing expansion at a rapid pace, recording significant production volumes and deliveries of aircraft (commercial and military) fleets. Specifically, the commercial aviation industry has witnessed tremendous growth in the past few years with the emergence of new low-cost carriers (LCCs) and fleet expansion strategies adopted by the full-service carriers (FSCs). Further, there is a surge in commercial aviation, owing to the mounting number of air travel passengers and aircraft procurements. This surge in aircraft production is boosting the demand for aircraft wheels.

Type-Based Market Insights

Based on type, the Aircraft Wheels market is segmented into main wheel and nose wheel. In 2020, the main wheel segment accounted for the largest share in the market.

Aircraft Wheels Market, by Type, 2020 and 2028 (%)

Aircraft Wheels Market, by Type, 2020 and 2028 (%)

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Aircraft Type-Based Market Insights

Based on aircraft type, the aircraft wheels market has been segmented into fixed wing aircraft, rotary wing aircraft, and unmanned aerial vehicle (UAV). In 2020, the fixed wing aircraft segment accounted for the largest share in the market.

Strategic Insights

The players operating in the aircraft wheels market are adopting strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

  • In May 2021, Raytheon Technologies' Collins Aerospace business updated the wheels and brakes of the US Navy's C-130 Hercules military transport aircraft and KC-130T tanker.
  • In June 2019, Meggitt PLC, a renowned international business that specializes in high-performance components and subsystems for the aerospace, defense, and certain energy markets, was chosen to deliver brake and wheel modifications for the present and future ATR72 fleets.

The global aircraft wheels market has been segmented as mentioned below:

By Type

  • Nose Wheel
  • Main Wheel

By Technology

  • Fixed Wing Aircraft
  • Rotary Wing Aircraft
  • UAV

By Fit Type

  • Line Fit
  • Retro Fit

By End User

  • Military
  • Commercial

By Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of APAC
  • Middle East & Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA
  • South America (SAM)
    • Brazil
    • Argentina
    • Rest of SAM

Company Profiles

  • Collins Aerospace
  • Meggitt PLC
  • Honeywell International Inc
  • Parker Hannifin Corporation
  • BERINGER AERO
  • Lufthansa Technik
  • Grove Aircraft Landing Gear System Inc
  • MATCO Manufacturing Inc
  • NMG Aerospace
  • Zlin Aircraft a.s.

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Aircraft Wheels market Landscape

4.1 Market Overview

4.2 Porter’s Five Forces Analysis

4.2.1 Bargaining Power of Buyers

4.2.2 Bargaining Power of Suppliers

4.2.3 Threat to New Entrants

4.2.4 Threat to Substitutes

4.2.5 Competitive Rivalry

4.3 Ecosystem Analysis

4.4 Expert Opinions

5. Aircraft Wheels market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Rising Volumes of Aircraft Orders and Their Deliveries

5.1.2 Growing Adoption of Lightweight Alloy to Manufacture Aircraft wheels

5.2 Market Restraint

5.2.1 Increased Life Span of Aircraft wheels

5.3 Market Opportunity

5.3.1 Rising Application of Carbon-Fiber-Reinforced Plastic-Based Wheels for Rotary Wing Aircraft

5.4 Future Trend

5.4.1 Increasing Use of CFRP Composite in Aircraft Nose Wheel Manufacturing

5.5 Impact Analysis of Drivers And Restraints

6. Aircraft Wheels – Global Market Analysis

6.1 Global Aircraft Wheels Market Overview

6.2 Global Aircraft Wheels Market Revenue Forecast and Analysis

6.3 Market Positioning – Five Key Players

7. Aircraft Wheels Market Analysis – By Type

7.1 Overview

7.2 Aircraft Wheels Market , By Type (2020 And 2028)

7.3 Nose Wheel

7.3.1 Overview

7.3.2 Nose Wheel: Aircraft Wheels Market Revenue and Forecast To 2028 (US$ Million)

7.4 Main Wheel

7.4.1 Overview

7.4.2 Main Wheel: Aircraft Wheels Market Revenue and Forecast To 2028 (US$ Million)

8. Global Aircraft Wheels Market Analysis – By Aircraft Type

8.1 Overview

8.2 Aircraft Wheels Market , By Aircraft Type (2020 And 2028)

8.3 Fixed Wing Aircraft

8.3.1 Overview

8.3.2 Fixed Wing Aircraft: Aircraft Wheels Market Revenue and Forecast To 2028 (US$ Million)

8.4 Rotary Wing Aircraft

8.4.1 Overview

8.4.2 Rotary Wing Aircraft: Aircraft Wheels Market Revenue and Forecast To 2028 (US$ Million)

8.5 UAV

8.5.1 Overview

8.5.2 UAV: Aircraft Wheels Market Revenue and Forecast To 2028 (US$ Million)

9. Global Aircraft Wheels Market Analysis – By Fit Type

9.1 Overview

9.2 Aircraft Wheels Market , By Fit Type (2020 and 2028)

9.3 Line Fit

9.3.1 Overview

9.3.2 Line Fit: Aircraft Wheels Market Revenue and Forecast To 2028 (US$ Million)

9.4 Retro Fit

9.4.1 Overview

9.4.2 Retro Fit: Aircraft Wheels Market Revenue and Forecast To 2028 (US$ Million)

10. Global Aircraft Wheels Market Analysis – By End User

10.1 Overview

10.2 Aircraft Wheels Market , By End User (2020 and 2028)

10.3 Military

10.3.1 Overview

10.3.2 Military: Aircraft Wheels Market Revenue and Forecast To 2028 (US$ Million)

10.4 Commercial

10.4.1 Overview

10.4.2 Commercial : Aircraft Wheels Market Revenue and Forecast To 2028 (US$ Million)

11. Aircraft wheels Market – Geographic Analysis

11.1 Overview

11.2 North America: Aircraft Wheels Market

11.2.1 North America: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)

11.2.2 North America: Aircraft Wheels Market, by Type

11.2.3 North America: Aircraft Wheels Market, by Aircraft Type

11.2.4 North America: Aircraft Wheels Market, by Fit Type

11.2.5 North America: Aircraft Wheels Market, by End User

11.2.6 North America: Aircraft Wheels Market, by Key Country

11.2.6.1 US: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)

11.2.6.1.1 US: Aircraft Wheels Market, by Type

11.2.6.1.2 US: Aircraft Wheels Market, by Aircraft Type

11.2.6.1.3 US: Aircraft Wheels Market, by Fit Type

11.2.6.1.4 US: Aircraft Wheels Market, by End User

11.2.6.2 Canada: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)

11.2.6.2.1 Canada: Aircraft Wheels Market, by Type

11.2.6.2.2 Canada: Aircraft Wheels Market, by Aircraft Type

11.2.6.2.3 Canada: Aircraft Wheels Market, by Fit Type

11.2.6.2.4 Canada: Aircraft Wheels Market, by End User

11.2.6.3 Mexico: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)

11.2.6.3.1 Mexico: Aircraft Wheels Market, by Type

11.2.6.3.2 Mexico: Aircraft Wheels Market, by Aircraft Type

11.2.6.3.3 Mexico: Aircraft Wheels Market, by Fit Type

11.2.6.3.4 Mexico: Aircraft Wheels Market, by End User

11.3 Europe: Aircraft Wheels Market

11.3.1 Europe: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)

11.3.2 Europe: Aircraft Wheels Market, by Type

11.3.3 Europe: Aircraft Wheels Market, by Aircraft Type

11.3.4 Europe: Aircraft Wheels Market, by Fit Type

11.3.5 Europe: Aircraft Wheels Market, by End User

11.3.6 Europe: Aircraft Wheels Market, by Key Country

11.3.6.1 France: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)

11.3.6.1.1 France: Aircraft Wheels Market, by Type

11.3.6.1.2 France: Aircraft Wheels Market, by Aircraft Type

11.3.6.1.3 France: Aircraft Wheels Market, by Fit Type

11.3.6.1.4 France: Aircraft Wheels Market, by End User

11.3.6.2 Germany: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)

11.3.6.2.1 Germany: Aircraft Wheels Market, by Type

11.3.6.2.2 Germany: Aircraft Wheels Market, by Aircraft Type

11.3.6.2.3 Germany: Aircraft Wheels Market, by Fit Type

11.3.6.2.4 Germany: Aircraft Wheels Market, by End User

11.3.6.3 UK: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)

11.3.6.3.1 UK: Aircraft Wheels Market, by Type

11.3.6.3.2 UK: Aircraft Wheels Market, by Aircraft Type

11.3.6.3.3 UK: Aircraft Wheels Market, by Fit Type

11.3.6.3.4 UK: Aircraft Wheels Market, by End User

11.3.6.4 Italy: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)

11.3.6.4.1 Italy: Aircraft Wheels Market, by Type

11.3.6.4.2 Italy: Aircraft Wheels Market, by Aircraft Type

11.3.6.4.3 Italy: Aircraft Wheels Market, by Fit Type

11.3.6.4.4 Italy: Aircraft Wheels Market, by End User

11.3.6.5 Russia: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)

11.3.6.5.1 Russia: Aircraft Wheels Market, by Type

11.3.6.5.2 Russia: Aircraft Wheels Market, by Aircraft Type

11.3.6.5.3 Russia: Aircraft Wheels Market, by Fit Type

11.3.6.5.4 Russia: Aircraft Wheels Market, by End User

11.3.6.6 Rest of Europe: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)

11.3.6.6.1 Rest of Europe: Aircraft Wheels Market, by Type

11.3.6.6.2 Rest of Europe: Aircraft Wheels Market, by Aircraft Type

11.3.6.6.3 Rest of Europe: Aircraft Wheels Market, by Fit Type

11.3.6.6.4 Rest of Europe: Aircraft Wheels Market, by End User

11.4 APAC: Aircraft Wheels Market

11.4.1 APAC: Aircraft Wheels Market – Revenue and Forecast to 2028 (US$ Million)

11.4.2 APAC: Aircraft Wheels Market, by Type

11.4.3 APAC: Aircraft Wheels Market, by Aircraft Type

11.4.4 APAC: Aircraft Wheels Market, by Fit Type

11.4.5 APAC: Aircraft Wheels Market, BY END USER

11.4.6 APAC: Aircraft Wheels Market, by Key Country

11.4.6.1 China: Aircraft Wheels Market – Revenue and Forecast to 2028 (US$ Million)

11.4.6.1.1 China: Aircraft Wheels Market, by Type

11.4.6.1.2 China: Aircraft Wheels Market, by Aircraft Type

11.4.6.1.3 China: Aircraft Wheels Market, by Fit Type

11.4.6.1.4 China: Aircraft Wheels Market, by End User

11.4.6.2 Japan: Aircraft Wheels Market – Revenue and Forecast to 2028 (US$ Million)

11.4.6.2.1 Japan: Aircraft Wheels Market, by Type

11.4.6.2.2 Japan: Aircraft Wheels Market, by Aircraft Type

11.4.6.2.3 Japan: Aircraft Wheels Market, by Fit Type

11.4.6.2.4 Japan: Aircraft Wheels Market, by End User

11.4.6.3 India: Aircraft Wheels Market – Revenue and Forecast to 2028 (US$ Million)

11.4.6.3.1 India: Aircraft Wheels Market, by Type

11.4.6.3.2 India: Aircraft Wheels Market, by Aircraft Type

11.4.6.3.3 India: Aircraft Wheels Market, by Fit Type

11.4.6.3.4 India: Aircraft Wheels Market, by End User

11.4.6.4 South Korea: Aircraft Wheels Market – Revenue and Forecast to 2028 (US$ Million)

11.4.6.4.1 South Korea: Aircraft Wheels Market, by Type

11.4.6.4.2 South Korea: Aircraft Wheels Market, by Aircraft Type

11.4.6.4.3 South Korea: Aircraft Wheels Market, by Fit Type

11.4.6.4.4 South Korea: Aircraft Wheels Market, by End User

11.4.6.5 Australia: Aircraft Wheels Market – Revenue and Forecast to 2028 (US$ Million)

11.4.6.5.1 Australia: Aircraft Wheels Market, by Type

11.4.6.5.2 Australia: Aircraft Wheels Market, by Aircraft Type

11.4.6.5.3 Australia: Aircraft Wheels Market, by Fit Type

11.4.6.5.4 Australia: Aircraft Wheels Market, by End User

11.4.6.6 Rest of APAC: Aircraft Wheels Market – Revenue and Forecast to 2028 (US$ Million)

11.4.6.6.1 Rest of APAC: Aircraft Wheels Market, by Type

11.4.6.6.2 Rest of APAC: Aircraft Wheels Market, by Aircraft Type

11.4.6.6.3 Rest of APAC: Aircraft Wheels Market, by Fit Type

11.4.6.6.4 Rest of APAC: Aircraft Wheels Market, by End User

11.5 MEA: Aircraft Wheels Market

11.5.1 MEA: Aircraft Wheels Market – Revenue and Forecast to 2028 (US$ Million)

11.5.2 MEA: Aircraft Wheels Market, by Type

11.5.3 MEA: Aircraft Wheels Market, by Aircraft Type

11.5.4 MEA: Aircraft Wheels Market, by Fit Type

11.5.5 MEA: Aircraft Wheels Market, BY END USER

11.5.6 MEA: Aircraft Wheels Market, by Key Country

11.5.6.1 South Africa: Aircraft Wheels Market – Revenue and Forecast to 2028 (US$ Million)

11.5.6.1.1 South Africa: Aircraft Wheels Market, by Type

11.5.6.1.2 South Africa: Aircraft Wheels Market, by Aircraft Type

11.5.6.1.3 South Africa: Aircraft Wheels Market, by Fit Type

11.5.6.1.4 South Africa: Aircraft Wheels Market, by End User

11.5.6.2 UAE: Aircraft Wheels Market – Revenue and Forecast to 2028 (US$ Million)

11.5.6.2.1 UAE: Aircraft Wheels Market, by Type

11.5.6.2.2 UAE: Aircraft Wheels Market, by Aircraft Type

11.5.6.2.3 UAE: Aircraft Wheels Market, by Fit Type

11.5.6.2.4 UAE: Aircraft Wheels Market, by End User

11.5.6.3 Saudi Arabia: Aircraft Wheels Market – Revenue and Forecast to 2028 (US$ Million)

11.5.6.3.1 Saudi Arabia: Aircraft Wheels Market, by Type

11.5.6.3.2 Saudi Arabia: Aircraft Wheels Market, by Aircraft Type

11.5.6.3.3 SAUDI ARABIA: Aircraft Wheels Market, by Fit Type

11.5.6.3.4 SAUDI ARABIA: Aircraft Wheels Market, by End User

11.5.6.4 Rest of MEA: Aircraft Wheels Market – Revenue and Forecast to 2028 (US$ Million)

11.5.6.4.1 Rest of MEA: Aircraft Wheels Market, by Type

11.5.6.4.2 Rest of MEA: Aircraft Wheels Market, by Aircraft Type

11.5.6.4.3 Rest of MEA: Aircraft Wheels Market, by Fit Type

11.5.6.4.4 Rest of MEA: Aircraft Wheels Market, by End User

11.6 SAM: Aircraft Wheels Market

11.6.1 SAM: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)

11.6.2 SAM: Aircraft Wheels Market, by Type

11.6.3 SAM: Aircraft Wheels Market, by Aircraft Type

11.6.4 SAM: Aircraft Wheels Market, by Fit Type

11.6.5 SAM: Aircraft Wheels Market, BY END USER

11.6.6 SAM: Aircraft Wheels Market, by Key Country

11.6.6.1 Brazil: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)

11.6.6.1.1 Brazil: Aircraft Wheels Market, by Type

11.6.6.1.2 Brazil: Aircraft Wheels Market, by Aircraft Type

11.6.6.1.3 Brazil: Aircraft Wheels Market, by Fit Type

11.6.6.1.4 Brazil: Aircraft Wheels Market, by End User

11.6.6.2 Argentina: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)

11.6.6.2.1 Argentina: Aircraft Wheels Market, by Type

11.6.6.2.2 Argentina: Aircraft Wheels Market, by Aircraft Type

11.6.6.2.3 Argentina: Aircraft Wheels Market, by Fit Type

11.6.6.2.4 Argentina: Aircraft Wheels Market, by End User

11.6.6.3 Rest of SAM: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)

11.6.6.3.1 Rest of SAM: Aircraft Wheels Market, by Type

11.6.6.3.2 Rest of SAM: Aircraft Wheels Market, by Aircraft Type

11.6.6.3.3 Rest of SAM: Aircraft Wheels Market, by Fit Type

11.6.6.3.4 Rest of SAM: Aircraft Wheels Market, by End User

12. Aircraft wheels market - Covid-19 Impact Analysis

12.1 Overview

12.1.1 North America: Impact Assessment of COVID-19 Pandemic

12.1.2 Europe: Impact Assessment of COVID-19 Pandemic

12.1.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic

12.1.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic

12.1.5 South America: Impact Assessment of COVID-19 Pandemic

13. Industry Landscape

13.1 Overview

13.2 Market Initiative

13.3 Merger and Acquisition

13.4 New Development

14. COMPANY PROFILES

14.1 Collins Aerospace

14.1.1 Key Facts

14.1.2 Business Description

14.1.3 Products and Services

14.1.4 Financial Overview

14.1.5 SWOT Analysis

14.1.6 Key Developments

14.2 Meggitt PLC

14.2.1 Key Facts

14.2.2 Business Description

14.2.3 Products and Services

14.2.4 Financial Overview

14.2.5 SWOT Analysis

14.2.6 Key Developments

14.3 Honeywell International Inc.

14.3.1 Key Facts

14.3.2 Business Description

14.3.3 Products and Services

14.3.4 Financial Overview

14.3.5 SWOT Analysis

14.3.6 Key Developments

14.4 Parker Hannifin Corporation

14.4.1 Key Facts

14.4.2 Business Description

14.4.3 Products and Services

14.4.4 Financial Overview

14.4.5 SWOT Analysis

14.4.6 Key Developments

14.5 BERINGER AERO

14.5.1 Key Facts

14.5.2 Business Description

14.5.3 Products and Services

14.5.4 Financial Overview

14.5.5 SWOT Analysis

14.5.6 Key Developments

14.6 Lufthansa Technik

14.6.1 Key Facts

14.6.2 Business Description

14.6.3 Products and Services

14.6.4 Financial Overview

14.6.5 SWOT Analysis

14.6.6 Key Developments

14.7 Grove Aircraft Landing Gear System Inc

14.7.1 Key Facts

14.7.2 Business Description

14.7.3 Products and Services

14.7.4 Financial Overview

14.7.5 SWOT Analysis

14.7.6 Key Developments

14.8 MATCO Manufacturing Inc

14.8.1 Key Facts

14.8.2 Business Description

14.8.3 Products and Services

14.8.4 Financial Overview

14.8.5 SWOT Analysis

14.8.6 Key Developments

14.9 NMG Aerospace

14.9.1 Key Facts

14.9.2 Business Description

14.9.3 Products and Services

14.9.4 Financial Overview

14.9.5 SWOT Analysis

14.9.6 Key Developments

14.10 Zlin Aircraft a.s.

14.10.1 Key Facts

14.10.2 Business Description

14.10.3 Products and Services

14.10.4 Financial Overview

14.10.5 SWOT Analysis

14.10.6 Key Developments

15. Appendix

15.1 About The Insight Partners

15.2 Word Index

LIST OF TABLES

Table 1. Aircraft Models and Required Number of Wheels

Table 2. Boeing and Airbus: Aircraft Order and Delivery Data, 2018, 2019, and 2020

Table 3. Global Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)

Table 4. North America: Aircraft Wheels Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 5. North America: Aircraft Wheels Market, by Aircraft Type– Revenue and Forecast to 2028 (US$ Million)

Table 6. North America: Aircraft Wheels Market, by Fit Type – Revenue and Forecast to 2028 (US$ Million)

Table 7. NORTH AMERICA: Aircraft Wheels Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 8. North America: Aircraft Wheels Market Revenue Share, by Key Country (2020 and 2028)

Table 9. US: Aircraft Wheels Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 10. US: Aircraft Wheels Market, by Aircraft Type–Revenue and Forecast to 2028 (US$ Million)

Table 11. US: Aircraft Wheels Market, by Fit Type–Revenue and Forecast to 2028 (US$ Million)

Table 12. US: Aircraft Wheels Market, by End User–Revenue and Forecast to 2028 (US$ Million)

Table 13. Canada: Aircraft Wheels Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 14. Canada: Aircraft Wheels Market, by Aircraft Type–Revenue and Forecast to 2028 (US$ Million)

Table 15. Canada: Aircraft Wheels Market, by Fit Type–Revenue and Forecast to 2028 (US$ Million)

Table 16. Canada: Aircraft Wheels Market, by End User–Revenue and Forecast to 2028 (US$ Million)

Table 17. Mexico: Aircraft Wheels Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 18. Mexico: Aircraft Wheels Market, by Aircraft Type–Revenue and Forecast to 2028 (US$ Million)

Table 19. Mexico: Aircraft Wheels Market, by Fit Type–Revenue and Forecast to 2028 (US$ Million)

Table 20. Mexico: Aircraft Wheels Market, by End User–Revenue and Forecast to 2028 (US$ Million)

Table 21. Europe: Aircraft Wheels Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 22. Europe: Aircraft Wheels Market, by Aircraft Type– Revenue and Forecast to 2028 (US$ Million)

Table 23. Europe: Aircraft Wheels Market, by Fit Type – Revenue and Forecast to 2028 (US$ Million)

Table 24. Europe: Aircraft Wheels Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 25. Europe: Aircraft Wheels Market Revenue Share, by Key Country (2020 and 2028)

Table 26. France: Aircraft Wheels Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 27. France: Aircraft Wheels Market, by Aircraft Type–Revenue and Forecast to 2028 (US$ Million)

Table 28. France: Aircraft Wheels Market, by Fit Type–Revenue and Forecast to 2028 (US$ Million)

Table 29. France: Aircraft Wheels Market, by End User–Revenue and Forecast to 2028 (US$ Million)

Table 30. Germany: Aircraft Wheels Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 31. Germany: Aircraft Wheels Market, by Aircraft Type–Revenue and Forecast to 2028 (US$ Million)

Table 32. Germany: Aircraft Wheels Market, by Fit Type–Revenue and Forecast to 2028 (US$ Million)

Table 33. Germany: Aircraft Wheels Market, by End User–Revenue and Forecast to 2028 (US$ Million)

Table 34. UK: Aircraft Wheels Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 35. UK: Aircraft Wheels Market, by Aircraft Type–Revenue and Forecast to 2028 (US$ Million)

Table 36. UK: Aircraft Wheels Market, by Fit Type–Revenue and Forecast to 2028 (US$ Million)

Table 37. UK: Aircraft Wheels Market, by End User–Revenue and Forecast to 2028 (US$ Million)

Table 38. Italy: Aircraft Wheels Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 39. Italy: Aircraft Wheels Market, by Aircraft Type–Revenue and Forecast to 2028 (US$ Million)

Table 40. Italy: Aircraft Wheels Market, by Fit Type–Revenue and Forecast to 2028 (US$ Million)

Table 41. Italy: Aircraft Wheels Market, by End User–Revenue and Forecast to 2028 (US$ Million)

Table 42. Russia: Aircraft Wheels Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 43. Russia: Aircraft Wheels Market, by Aircraft Type–Revenue and Forecast to 2028 (US$ Million)

Table 44. Russia: Aircraft Wheels Market, by Fit Type–Revenue and Forecast to 2028 (US$ Million)

Table 45. Russia: Aircraft Wheels Market, by End User–Revenue and Forecast to 2028 (US$ Million)

Table 46. Rest of Europe: Aircraft Wheels Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 47. Rest of Europe: Aircraft Wheels Market, by Aircraft Type–Revenue and Forecast to 2028 (US$ Million)

Table 48. Rest of Europe: Aircraft Wheels Market, by Fit Type–Revenue and Forecast to 2028 (US$ Million)

Table 49. Rest of Europe: Aircraft Wheels Market, by End User–Revenue and Forecast to 2028 (US$ Million)

Table 50. APAC: Aircraft Wheels Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 51. APAC: Aircraft Wheels Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)

Table 52. APAC: Aircraft Wheels Market, by Fit Type – Revenue and Forecast to 2028 (US$ Million)

Table 53. APAC: Aircraft Wheels Market, BY END USER – Revenue and Forecast to 2028 (US$ Million)

Table 54. APAC: Aircraft Wheels Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 55. China: Aircraft Wheels Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 56. China: Aircraft Wheels Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)

Table 57. CHINA: Aircraft Wheels Market, by Fit Type–Revenue and Forecast to 2028 (US$ Million)

Table 58. China: Aircraft Wheels Market, by End User–Revenue and Forecast to 2028 (US$ Million)

Table 59. Japan: Aircraft Wheels Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 60. Japan: Aircraft Wheels Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)

Table 61. JAPAN: Aircraft Wheels Market, by Fit Type–Revenue and Forecast to 2028 (US$ Million)

Table 62. Japan: Aircraft Wheels Market, by End User–Revenue and Forecast to 2028 (US$ Million)

Table 63. India: Aircraft Wheels Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 64. India: Aircraft Wheels Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)

Table 65. INDIA: Aircraft Wheels Market, by Fit Type–Revenue and Forecast to 2028 (US$ Million)

Table 66. India: Aircraft Wheels Market, by End User–Revenue and Forecast to 2028 (US$ Million)

Table 67. South Korea: Aircraft Wheels Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 68. South Korea: Aircraft Wheels Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)

Table 69. SOUTH KOREA: Aircraft Wheels Market, by Fit Type–Revenue and Forecast to 2028 (US$ Million)

Table 70. South Korea: Aircraft Wheels Market, by End User–Revenue and Forecast to 2028 (US$ Million)

Table 71. Australia: Aircraft Wheels Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 72. Australia: Aircraft Wheels Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)

Table 73. AUSTRALIA: Aircraft Wheels Market, by Fit Type–Revenue and Forecast to 2028 (US$ Million)

Table 74. Australia: Aircraft Wheels Market, by End User–Revenue and Forecast to 2028 (US$ Million)

Table 75. Rest of APAC: Aircraft Wheels Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 76. Rest of APAC: Aircraft Wheels Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)

Table 77. REST OF APAC: Aircraft Wheels Market, by Fit Type–Revenue and Forecast to 2028 (US$ Million)

Table 78. Rest of APAC: Aircraft Wheels Market, by End User–Revenue and Forecast to 2028 (US$ Million)

Table 79. MEA: Aircraft Wheels Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 80. MEA: Aircraft Wheels Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)

Table 81. MEA: Aircraft Wheels Market, by Fit Type – Revenue and Forecast to 2028 (US$ Million)

Table 82. MEA: Aircraft Wheels Market, BY END USER – Revenue and Forecast to 2028 (US$ Million)

Table 83. MEA: Aircraft Wheels Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 84. South Africa: Aircraft Wheels Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 85. South Africa: Aircraft Wheels Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)

Table 86. SOUTH AFRICA: Aircraft Wheels Market, by Fit Type–Revenue and Forecast to 2028 (US$ Million)

Table 87. South Africa: Aircraft Wheels Market, by End User–Revenue and Forecast to 2028 (US$ Million)

Table 88. UAE: Aircraft Wheels Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 89. UAE: Aircraft Wheels Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)

Table 90. UAE: Aircraft Wheels Market, by Fit Type–Revenue and Forecast to 2028 (US$ Million)

Table 91. UAE: Aircraft Wheels Market, by End User–Revenue and Forecast to 2028 (US$ Million)

Table 92. Saudi Arabia: Aircraft Wheels Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 93. Saudi Arabia: Aircraft Wheels Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)

Table 94. SAUDI ARABIA: Aircraft Wheels Market, by Fit Type–Revenue and Forecast to 2028 (US$ Million)

Table 95. SAUDI ARABIA: Aircraft Wheels Market, by End User–Revenue and Forecast to 2028 (US$ Million)

Table 96. Rest of MEA: Aircraft Wheels Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 97. Rest of MEA: Aircraft Wheels Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)

Table 98. Rest of MEA: Aircraft Wheels Market, by Fit Type–Revenue and Forecast to 2028 (US$ Million)

Table 99. Rest of MEA: Aircraft Wheels Market, by End User–Revenue and Forecast to 2028 (US$ Million)

Table 100. SAM: Aircraft Wheels Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 101. SAM: Aircraft Wheels Market, by Aircraft Type– Revenue and Forecast to 2028 (US$ Million)

Table 102. SAM: Aircraft Wheels Market, by Fit Type – Revenue and Forecast to 2028 (US$ Million)

Table 103. SAM: Aircraft Wheels Market, BY END USER – Revenue and Forecast to 2028 (US$ Million)

Table 104. SAM: Aircraft Wheels Market, by Powertrain Type – by Country (UNITS IN MILLION)

Table 105. Brazil: Aircraft Wheels Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 106. Brazil: Aircraft Wheels Market, by Aircraft Type–Revenue and Forecast to 2028 (US$ Million)

Table 107. Brazil: Aircraft Wheels Market, by Fit Type–Revenue and Forecast to 2028 (US$ Million)

Table 108. Brazil: Aircraft Wheels Market, by End User–Revenue and Forecast to 2028 (US$ Million)

Table 109. Argentina: Aircraft Wheels Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 110. Argentina: Aircraft Wheels Market, by Aircraft Type–Revenue and Forecast to 2028 (US$ Million)

Table 111. Argentina: Aircraft Wheels Market, by Fit Type–Revenue and Forecast to 2028 (US$ Million)

Table 112. Argentina: Aircraft Wheels Market, by End User–Revenue and Forecast to 2028 (US$ Million)

Table 113. Rest of SAM: Aircraft Wheels Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 114. Rest of SAM: Aircraft Wheels Market, by Aircraft Type–Revenue and Forecast to 2028 (US$ Million)

Table 115. Rest of SAM: Aircraft Wheels Market, by Fit Type–Revenue and Forecast to 2028 (US$ Million)

Table 116. Rest of SAM: Aircraft Wheels Market, by End User–Revenue and Forecast to 2028 (US$ Million)

Table 117. List of Abbreviation

LIST OF FIGURES

Figure 1. Aircraft Wheels Market Segmentation

Figure 2. Aircraft Wheels Market Segmentation – By Geography

Figure 3. Global Aircraft Wheels Market Overview

Figure 4. Aircraft Wheels Market, by Type

Figure 5. Aircraft Wheels Market, by Aircraft Type

Figure 6. Aircraft Wheels Market, by Fit Type

Figure 7. Aircraft Wheels Market, by End-Users

Figure 8. Aircraft Wheels Market, by Geography

Figure 9. Porter’s Five Forces Analysis

Figure 10. Aircraft Wheels Market- Ecosystem Analysis

Figure 11. Aircraft Wheels Market Impact Analysis of Drivers and Restraints

Figure 12. Geographic Overview of Aircraft Wheels Market

Figure 13. Global Aircraft Wheels Market Revenue Forecast and Analysis (US$ Million)

Figure 14. Aircraft Wheels Market , By Type (2020 and 2028)

Figure 15. Nose Wheel: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)

Figure 16. Main Wheel: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)

Figure 17. Aircraft Wheels Market , By Aircraft Type (2020 and 2028)

Figure 18. Fixed Wing Aircraft: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)

Figure 19. Rotary Wing Aircraft: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)

Figure 20. UAV: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)

Figure 21. Aircraft Wheels Market , By Oil Pump Product (2020 and 2028)

Figure 22. Line Fit: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)

Figure 23. Retro Fit: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)

Figure 24. Aircraft Wheels Market , By End User (2020 and 2028)

Figure 25. Military: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)

Figure 26. Commercial : Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)

Figure 27. Aircraft Wheels Market Revenue Share, by Region (2020 and 2028)

Figure 28. North America: Aircraft Wheels Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29. North America: Aircraft Wheels Market Revenue Share, by Type (2020 and 2028)

Figure 30. North America: Aircraft Wheels Market REVENUE SHARE, BY AIRCRAFT TYPE (2020 AND 2028)

Figure 31. NORTH AMERICA: AIRCRAFT WHEELS TMARKET REVENUE SHARE, BY FIT TYPE (2020 AND 2028)

Figure 32. NORTH AMERICA: Aircraft Wheels Market REVENUE SHARE, BY END USER (2020 AND 2028)

Figure 33. NORTH AMERICA: Aircraft Wheels Market Revenue Share, by Key Country (2020 and 2028)

Figure 34. US: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 35. Canada: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 36. Mexico: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 37. Europe: Aircraft Wheels Market – Revenue and Forecast to 2028 (US$ Million)

Figure 38. Europe: Aircraft Wheels Market Revenue Share, by Type (2020 and 2028)

Figure 39. Europe: Aircraft Wheels Market REVENUE SHARE, BY AIRCRAFT TYPE (2020 AND 2028)

Figure 40. Europe: AIRCRAFT WHEELS TMARKET REVENUE SHARE, BY FIT TYPE (2020 AND 2028)

Figure 41. Europe: Aircraft Wheels Market REVENUE SHARE, BY END USER (2020 AND 2028)

Figure 42. Europe: Aircraft Wheels Market Revenue Share, by Key Country (2020 and 2028)

Figure 43. France: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 44. Germany: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 45. UK: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 46. Italy: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 47. Russia: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 48. Rest of Europe: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 49. APAC: Aircraft Wheels Market – Revenue and Forecast to 2028 (US$ Million)

Figure 50. APAC: Aircraft Wheels Market Revenue Share, by Type (2020 and 2028)

Figure 51. APAC: Aircraft Wheels Market Revenue Share, by Aircraft Type (2020 and 2028)

Figure 52. APAC: Aircraft Wheels Market Revenue Share, by Fit Type (2020 and 2028)

Figure 53. APAC: Aircraft Wheels Market Revenue Share, by End User (2020 and 2028)

Figure 54. APAC: Aircraft Wheels Market Revenue Share, by Key Country (2020 and 2028)

Figure 55. China: Aircraft Wheels Market – Revenue and Forecast to 2028 (US$ Million)

Figure 56. Japan: Aircraft Wheels Market – Revenue and Forecast to 2028 (US$ Million)

Figure 57. India: Aircraft Wheels Market – Revenue and Forecast to 2028 (US$ Million)

Figure 58. South Korea: Aircraft Wheels Market – Revenue and Forecast to 2028 (US$ Million)

Figure 59. Australia: Aircraft Wheels Market – Revenue and Forecast to 2028 (US$ Million)

Figure 60. Rest of APAC: Aircraft Wheels Market – Revenue and Forecast to 2028 (US$ Million)

Figure 61. MEA: Aircraft Wheels Market – Revenue and Forecast to 2028 (US$ Million)

Figure 62. MEA: Aircraft Wheels Market Revenue Share, by Type (2020 and 2028)

Figure 63. MEA: Aircraft Wheels Market Revenue Share, by Aircraft Type (2020 and 2028)

Figure 64. MEA: Aircraft Wheels Market Revenue Share, by Fit Type (2020 and 2028)

Figure 65. MEA: Aircraft Wheels Market Revenue Share, by End User (2020 and 2028)

Figure 66. MEA: Aircraft Wheels Market Revenue Share, by Key Country (2020 and 2028)

Figure 67. South Africa: Aircraft Wheels Market – Revenue and Forecast to 2028 (US$ Million)

Figure 68. UAE: Aircraft Wheels Market – Revenue and Forecast to 2028 (US$ Million)

Figure 69. Saudi Arabia: Aircraft Wheels Market – Revenue and Forecast to 2028 (US$ Million)

Figure 70. Rest of MEA: Aircraft Wheels Market – Revenue and Forecast to 2028 (US$ Million)

Figure 71. SAM: Aircraft Wheels Market – Revenue and Forecast to 2028 (US$ Million)

Figure 72. SAM: Aircraft Wheels Market Revenue Share, by Type (2020 and 2028)

Figure 73. SAM: Aircraft Wheels Market Revenue Share, by Aircraft Type(2020 and 2028)

Figure 74. SAM: Aircraft Wheels Market Revenue Share, by Fit Type (2020 and 2028)

Figure 75. SAM: Aircraft Wheels Market Revenue Share, by End User (2020 and 2028)

Figure 76. SAM: Aircraft Wheels Market Revenue Share, by Key Country (2020 and 2028)

Figure 77. Brazil: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 78. Argentina: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 79. Rest of SAM: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 80. Impact of COVID-19 Pandemic in North America Country Markets

Figure 81. Impact of COVID-19 Pandemic in Europe Country Markets

Figure 82. Impact of COVID-19 Pandemic in APAC Country Markets

Figure 83. Impact of COVID-19 Pandemic in Middle East and Africa Countries

Figure 84. Impact of COVID-19 Pandemic in South America Countries

The List of companies - Aircraft Wheels Market

  1. Collins Aerospace
  2. Meggitt PLC
  3. Honeywell International Inc
  4. Parker Hannifin Corporation
  5. BERINGER AERO
  6. Lufthansa Technik
  7. Grove Aircraft Landing Gear System Inc
  8. MATCO Manufacturing Inc
  9. NMG Aerospace
  10. Zlin Aircraft a.s.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the aircraft wheels market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the aircraft wheels market thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth US market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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Frequently Asked Questions

North America is the largest revenue generator in the aircraft wheels market compared to the other regions. The region comprises a significantly large number of aircraft (commercial, military, and general aviation) manufacturers and major aircraft maintenance, repairing, and overhauling (MRO) services providers. The presence of both in the region, especially in the US, boosts the growth of the aircraft wheels market in the region

The demand for aircraft is rising across the world owing to the rapidly growing airline industry in the developing economies due to continuously increasing demand for passenger airline services. In addition, the aviation industry is undergoing expansion at a rapid pace, recording significant production volumes and deliveries of aircraft (commercial and military) fleets. Specifically, the commercial aviation industry has witnessed tremendous growth in the past few years with the emergence of new low-cost carriers (LCCs) and fleet expansion strategies adopted by the full-service carriers (FSCs). Further, commercial aviation is surging owing to the mounting number of air travel passengers and aircraft procurements. This surge in aircraft production boosts the demand for aircraft wheels.

The commercial segment led the end user segment. The commercial segment of the aircraft wheels market growth is attributed to the rising demand for aircraft in developing economies and the increasing number of airline companies worldwide.

Raytheon Technologies Corporation, Meggitt Plc, Honeywell International Inc., Parker Hannifin Corporation, Safran, are the five key players in the global aircraft wheels market. These companies have shown consistent growth in revenue and larger volumes of sales. In addition, the well-established top five players are offering a comprehensive product portfolio and have a prominent presence in terms of share in the global market.

The aircraft wheels market is expected to grow at a CAGR of 7.2% during the forecast period. To improve the overall investor interface experience and stay ahead in the competitive market landscape, aircraft wheels providers are anticipated to increase the number of solutions during the forecast period. Further, with the introduction of carbon-fiber-reinforced plastic-based wheels in rotary wing aircraft, the market is expected to flourish further in the coming years with an opportunity to penetrate the rotary wing aircraft wheels.

By fit type, the line fit segment is expected to grow at the fastest CAGR during the forecast period. Line fit segment of aircraft wheels market is expected to gain a notable market share due to rising airline services in developing economies owing to the increasing disposable income among the consumers, low air fare, and growing airports. Further, the line fit segment will continue to grow its business due to the rising procurement of military aircraft by several countries.

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