Europe Aircraft Landing Gear Market 2027 By Aircraft Type, Gear Arrangement, Type, End-User,

Europe Aircraft Landing Gear Market to 2027 - Regional Analysis and Forecasts by Aircraft Type (Airplanes and Helicopters); Gear Arrangement (Tricycle, Tandem, and Tail Wheel); Type (Main and Nose); End-User (Commercial and Armed Forces)

Publication Month : Nov 2019

  • Report Code : TIPRE00007405
  • Category : Aerospace and Defense
  • Status : Published
  • No. of Pages : 152
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Europe's aircraft landing gear market is expected to grow from US$ 3.42 Bn in 2018 to US$ 5.88 Bn by the year 2027. This represents a CAGR of 6.4% from the year 2018 to 2027.

The inclining curve of air travel is continuously climbing across geographies, which is leading to the increased production of aircraft from manufacturers such as Airbus and Boeing. The commercial airplanes are anticipated to maintain continuous growth over the coming years, regardless of various challenges faced by commercial airlines such as uncertain fuel prices and other regulatory changes in multiple countries. In addition to this, the increasing investments in defense equipment across countries due to unpredictable geopolitical tensions are expected to drive the demand for military aircraft during the forecast period of 2019 to 2027. All these factors and trends are anticipated to fuel the demand for aircraft landing gear and offer future growth opportunities for market players operating in the aircraft landing gear market. The landing gear is one of the crucial subsystems of an aircraft that supports the entire weight of a plane during landing, take-off, and other ground operations. The type and design of a landing gear system depend on the aircraft type and its potential use. A typical landing gear system consists of various components such as brakes, controls, shock absorbers, retraction systems, and warning devices, among many others.

Currently, France is dominating the aircraft landing gear market in terms of installation, which in turn boosts the demand for aircraft landing gear market. The aerospace manufacturing sector of France is one of the most important sectors for the economy of the country, which is the world's sixth-largest economy. The aerospace sector generated revenues amounting to US$ 55.10 Bn in 2018, backed by the presence of some of the world's largest airplane manufacturers. Airbus, Dassault Aviation, ATR, and Daher are the largest aerospace manufacturers present in the France market. The Safran Group, which is one of the leading manufacturers and providers of aircraft landing gear systems, has bagged several contracts with the Airbus Group. Liebherr Group is another major manufacturer of landing gear systems having a noteworthy presence in France. The defense expenditure of the country amounted to US$ 63.8 Bn in 2018, out of which close to 50% of the budget share was allocated for equipment manufacturing. France is the second-largest exporter of aerospace equipment globally after the US. All these factors put together bring ample opportunities for aircraft landing gear in the region. The figure is given below highlights the revenue share of Rest of Europe in the Europe aircraft landing gear market in the forecast period:

Rest of Europe Aircraft Landing Gear Market Revenue and Forecasts to 2027 (US$ Mn)

The figure is highlights the revenue share of Rest of Europe in the Europe aircraft landing gear market in the forecast period
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EUROPE AIRCRAFT LANDING GEAR MARKET - SEGMENTATION

Europe Aircraft Landing Gear Market by Type

  • Main
  • Nose

Europe Aircraft Landing Gear Market by Aircraft Type

  • Airplanes
  • Helicopters

Europe Aircraft Landing Gear Market by End-User

  • Commercial
  • Armed Forces

Europe Aircraft Landing Gear Market by Gear Arrangement

  • Tricycle
  • Tandem
  • Tail Wheel

Europe Aircraft Landing Gear Market by Country

  • Germany
  • France
  • UK
  • Russia
  • Rest of Europe

Companies Mentioned

  • AAR Corp.
  • Circor International, Inc.
  • Collins Aerospace
  • GKN Aerospace Services Limited
  • Héroux-Devtek Inc.
  • Liebherr Group
  • Magellan Aerospace Corporation
  • Safran S.A.
  • Sumitomo Precision Products Co., Ltd.
  • Triumph Group Inc. 
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Aircraft Type, Gear Arrangement, Type, End-User

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

UK, Germany, France, Italy, Russia

The List of Companies - Europe Aircraft Landing Gear Market

  1. AAR Corp.
  2. Circor International, Inc.
  3. Collins Aerospace
  4. GKN Aerospace Services Limited
  5. Héroux-Devtek Inc.
  6. Liebherr Group
  7. Magellan Aerospace Corporation
  8. SAFRAN S.A.
  9. Sumitomo Precision Products Co., Ltd.
  10. Triumph Group Inc.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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