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Asia Pacific Aircraft Wheels Market

2021

Asia Pacific Aircraft Wheels Market Forecast to 2028 - COVID-19 Impact and Regional 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: Oct 2021 | Report Code: TIPRE00025315 | No. of Pages: 126 | Category: Aerospace and Defense | Status: Published

Market Insights

Asia Pacific Aircraft Wheels Market to Grow at a CAGR of 9.7% to reach US$ 718.03 million Million from 2021 to 2028

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The aircraft wheels market in Asia Pacific is expected to grow from US$ 376.52 million in 2021 to US$ 718.03 million by 2028; it is estimated to grow at a CAGR of 9.7% from 2021 to 2028.


Presently, the majority of helicopters wheels are made of metallic light-alloy materials, such as aluminum or magnesium. However, wheels made of carbon-fiber-reinforced plastic (CFRP) are ~30%–40% less in weight than aluminum or magnesium alloy wheels. CFRP wheels are expected to offer improved corrosion resistance and noise, vibration, and harshness (NVH) performance. Also, these wheels are stiffer with improved fatigue life, which will extend their life. Manufacturers have already initiated the designing of CFRP-based wheels for rotary wing aircraft. For instance, in January 2021, Carbon Three-Sixty, a aircraft wheels manufacturing company, began to develop CFRP-based wheels for rotary wing aircraft. The company is expected to complete the wheel designing in the next 18 months. These composite wheels will also be interchangeable with existing wheels to make them suitable for retrofit applications. Hence, 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.

The COVID-19 outbreak has resulted in a massive financial loss in the Asia Pacific region. The governments in Asia Pacific countries have been continuously taking possible steps to reduce its effects by announcing lockdown and physical distancing measures (post lockdown), which has negatively affecting the aircraft manufacturing sector. China is one of the leading aerospace manufacturing countries in the region and has been one of Asia Pacific's most affected countries during Q1 and Q2 of 2020. Due to this, the manufacturing facilities have been witnessing severe conditions in aircraft and aircraft component manufacturing facilities. The Airbus and Boeing manufacturing facilities in China were shut down for a longer period, which has negatively influenced the demand for aircraft wheels. Further, India, Australia, Japan, and South Korea are still combating the virus. However, the countries have eased the lockdown measures, which is reflecting the restart of manufacturing facilities. Nonetheless, the remarkable lower volumes of air travel passengers have slowed down the demand for various components among the OEMs regionally and internationally. This has been negatively affecting the aircraft wheels market.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific aircraft wheels market. The Asia Pacific aircraft wheels market is expected to grow at a good CAGR during the forecast period.

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Asia Pacific Aircraft Wheels Market Segmentation

Asia Pacific Aircraft wheels Market – By Type

  • Nose Wheel
  • Main Wheel

Asia Pacific Aircraft Wheels Market – By Aircraft Type

  • Fixed Wing Aircraft
  • Rotary Wing Aircraft
  • UAV

Asia Pacific Aircraft Wheels Market – By Fit Type

  • Line Fit
  • Retro Fit

Asia Pacific Aircraft Wheels Market – By End-user

  • Military
  • Commercial

Asia Pacific Aircraft Wheels Market – By Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC

Asia Pacific Aircraft wheels market – Companies Mentioned

  • Collins Aerospace
  • Meggitt PLC
  • Honeywell International Inc.
  • Parker Hannifin Corporation
  • BERINGER AERO
  • Lufthansa Technik

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. Asia Pacific 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. Asia Pacific Aircraft wheels market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Elevating volumes of aircraft orders and their deliveries

5.1.2 Thriving adoption of lightweight alloy to manufacture aircraft wheels

5.2 Market Restraint

5.2.1 Widening life span of aircraft wheels

5.3 Market Opportunity

5.3.1 Amplifying application of carbon-fiber-reinforced plastic-based wheels for rotary wing aircraft

5.4 Future Trend

5.4.1 Accelerated use of CFRP composite in aircraft nose wheel manufacturing

5.5 Impact Analysis of Drivers and Restraints

6. Asia Pacific Aircraft Wheels – Market Analysis

6.1 Asia Pacific Aircraft Wheels market Overview

6.1.1 Asia Pacific: Aircraft wheels Market – Revenue and Forecast to 2028 (US$ Million)

7. Asia Pacific Aircraft Wheels Market Analysis – By Type

7.1 Overview

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

7.2.1 Asia Pacific: Aircraft Wheels Market, by Type

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. Asia Pacific Aircraft wheels Market Analysis – By Aircraft Type

8.1 Overview

8.1.1 Asia Pacific: Aircraft Wheels Market, by Aircraft Type

8.2 Fixed Wing Aircraft

8.2.1 Overview

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

8.3 Rotary Wing Aircraft

8.3.1 Overview

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

8.4 UAV

8.4.1 Overview

8.4.2 UAV: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)

9. Asia Pacific Aircraft wheels Market Analysis – By Fit Type

9.1 Overview

9.1.1 Asia Pacific: Aircraft Wheels Market, by Fit Type

9.2 Line Fit

9.2.1 Overview

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

9.3 Retro Fit

9.3.1 Overview

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

10. Asia Pacific Aircraft wheels Market Analysis – By End User

10.1 Overview

10.1.1 Asia Pacific: Aircraft Wheels Market, By End User

10.2 Military

10.2.1 Overview

10.2.2 Military: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)

10.3 Commercial

10.3.1 Overview

10.3.2 Commercial: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)

11. Asia Pacific Aircraft wheels Market – Country Analysis

11.1 Overview

11.1.1 Asia Pacific: Aircraft Wheels Market, by Key Country

11.1.1.1 China: Aircraft wheels Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.1.1 China: Aircraft Wheels Market, by Type

11.1.1.1.2 China: Aircraft Wheels Market, by Aircraft Type

11.1.1.1.3 China: Aircraft Wheels Market, by Fit Type

11.1.1.1.4 China: Aircraft Wheels Market, by End User

11.1.1.2 Japan: Aircraft wheels Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.2.1 Japan: Aircraft Wheels Market, by Type

11.1.1.2.2 Japan: Aircraft Wheels Market, by Aircraft Type

11.1.1.2.3 Japan: Aircraft Wheels Market, by Fit Type

11.1.1.2.4 Japan: Aircraft Wheels Market, by End User

11.1.1.3 India: Aircraft wheels Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.3.1 India: Aircraft Wheels Market, by Type

11.1.1.3.2 India: Aircraft Wheels Market, by Aircraft Type

11.1.1.3.3 India: Aircraft Wheels Market, by Fit Type

11.1.1.3.4 India: Aircraft Wheels Market, by End User

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

11.1.1.4.1 South Korea: Aircraft Wheels Market, by Type

11.1.1.4.2 South Korea: Aircraft Wheels Market, by Aircraft Type

11.1.1.4.3 South Korea: Aircraft Wheels Market, by Fit Type

11.1.1.4.4 South Korea: Aircraft Wheels Market, by End User

11.1.1.5 Australia: Aircraft wheels Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.5.1 Australia: Aircraft Wheels Market, by Type

11.1.1.5.2 Australia: Aircraft Wheels Market, by Aircraft Type

11.1.1.5.3 Australia: Aircraft Wheels Market, by Fit Type

11.1.1.5.4 Australia: Aircraft Wheels Market, by End User

11.1.1.6 Rest of Asia Pacific: Aircraft wheels Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.6.1 Rest of Asia Pacific: Aircraft Wheels Market, by Type

11.1.1.6.2 Rest of Asia Pacific: Aircraft Wheels Market, by Aircraft Type

11.1.1.6.3 Rest of Asia Pacific: Aircraft Wheels Market, by Fit Type

11.1.1.6.4 Rest of Asia Pacific: Aircraft Wheels Market, by End User

12. Asia Pacific Aircraft wheels market – Covid-19 Impact Analysis

12.1 Overview

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

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. Asia Pacific Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)

Table 4. Asia Pacific: Aircraft Wheels Market, by Country – Revenue and Forecast to 2028 (US$ Million)

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

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

Table 7. CHINA: Aircraft Wheels Market, by Fit Type–Revenue and Forecast to 2028 (US$ Million)

Table 8. China: Aircraft Wheels Market, by End User–Revenue and Forecast to 2028 (US$ Million)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Table 25. Rest of Asia Pacific: Aircraft Wheels Market, by Type – Revenue and Forecast to 2028 (US$ Million)

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

Table 27. REST OF Asia Pacific: Aircraft Wheels Market, by Fit Type–Revenue and Forecast to 2028 (US$ Million)

Table 28. Rest of Asia Pacific: Aircraft Wheels Market, by End User–Revenue and Forecast to 2028 (US$ Million)

Table 29. List of Abbreviation

LIST OF FIGURES

Figure 1. Asia Pacific Aircraft Wheels Market Segmentation

Figure 2. Asia Pacific Aircraft Wheels Market Segmentation – By Country

Figure 3. Asia Pacific Aircraft Wheels Market Overview

Figure 4. Asia Pacific Aircraft Wheels Market, by Type

Figure 5. Asia Pacific Aircraft Wheels Market, by Aircraft Type

Figure 6. Asia Pacific Aircraft Wheels Market, by Fit Type

Figure 7. Asia Pacific Aircraft Wheels Market, by End-Users

Figure 8. Asia Pacific Aircraft Wheels Market, by Country

Figure 9. Porter’s Five Forces Analysis

Figure 10. Aircraft Wheels market- Ecosystem Analysis

Figure 11. Asia Pacific Aircraft wheels market Impact Analysis of Drivers and Restraints

Figure 12. Asia Pacific: Aircraft wheels Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13. Asia Pacific: Aircraft wheels Market Revenue Share, by Type (2020 and 2028)

Figure 14. Nose Wheel: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)

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

Figure 16. Asia Pacific: Aircraft wheels Market Revenue Share, by Aircraft Type (2020 and 2028)

Figure 17. Fixed Wing Aircraft: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)

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

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

Figure 20. Asia Pacific: Aircraft wheels Market Revenue Share, by Fit Type (2020 and 2028)

Figure 21. Line Fit: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)

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

Figure 23. Asia Pacific: Aircraft wheels Market Revenue Share, by End User (2020 and 2028)

Figure 24. Military: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)

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

Figure 26. Geographic Overview of Asia Pacific Aircraft wheels market

Figure 27. Asia Pacific: Aircraft wheels Market Revenue Share, by Key Country (2020 and 2028)

Figure 28. China: Aircraft wheels Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29. Japan: Aircraft wheels Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30. India: Aircraft wheels Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31. South Korea: Aircraft wheels Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32. Australia: Aircraft wheels Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33. Rest of Asia Pacific: Aircraft wheels Market – Revenue and Forecast to 2028 (US$ Million)

Figure 34. Impact of COVID-19 Pandemic in Asia Pacific Country Markets

  1. Collins Aerospace                                                           
  2. Meggitt PLC                                                                     
  3. Honeywell International Inc.                                        
  4. Parker Hannifin Corporation                                        
  5. BERINGER AERO
  6. Lufthansa Technik                                                    
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific 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 Asia Pacific 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 Asia Pacific market trends and outlook coupled with the factors driving the aircraft wheels 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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