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Europe Aircraft Wheels and Brakes Market

2021

Aerospace and Defense Europe Aircraft Wheels and Brakes ...

Europe Aircraft Wheels and Brakes Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Braking System, Wheels, and Brakes), Fit Type (Line Fit and Retro Fit), and End User (Defense and Commercial)

Publication Month: Oct 2021 | Report Code: TIPRE00025211 | No. of Pages: 88 | Category: Aerospace and Defense | Status: Published

Market Insights

Europe Aircraft Wheels and Brakes Market to Grow at a CAGR of 8.0% to reach US$ 3,431.28 million from 2021 to 2028

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The aircraft wheels and brakes market in Europe is expected to grow from US$ 2,003.82 million in 2021 to US$ 3,431.28 million by 2028; it is estimated to grow at a CAGR of 8.0% from 2021 to 2028.


The UK, Germany, and Russia are major economies in Europe. Escalating demand for passenger airline services is the major factor driving the growth of the Europe aircraft wheels and brakes market. Commercial airline traffic has increased at a noteworthy rate in the past few months, after a notable decrease in COVID-19 cases in many parts of the world. Further, a rise in passenger airline operations highlights the need for additional aircraft to reduce the operational burden of existing fleets, thus compelling the airline companies to procure new aircraft fleets. In June 2021, United Airlines, Inc. rolled out its purchase order of 200 Boeing 737 (including 50 B737 Max 8s and 150 737 Max 10s) and 70 Airbus 321 Neo fleet. Similarly, Indigo Airlines received 44 A320 Neo aircraft in January 2020, and it is yet to receive more than 250 aircraft models. Hence, the rising production and procurement of new aircraft fleets, in response to the growing demand for passenger airline services, is boosting the adoption of aircraft wheels and brakes, thereby driving the market growth, which is further anticipated to drive the market in Europe.

The air transport sector plays an important role in economic growth and employment in many European countries. With the COVID-19 outbreak, the production and sales of aircraft wheels and brake came to a sudden halt in the most part of Europe. The collapse of demand side severely impacted the EU aerospace sector and reduced international trade, thereby putting the economies in deep crisis. The European aerospace industry began to witness airspace inefficiencies, activity delays, and declining flight counts with the initial spread of COVID-19. The global passenger volume contracted by 60.5%, and total cost of infrastructure declined by 45.4% in 2020, increasing unit costs. This reduced demand has severely impacted the regional aircraft wheels and brake market. The EU aerospace industry is anticipated to recover gradually due to a slower economic recovery and the importance of international services. As per the IATA estimates, Europe faced net loss of ~US$ 26.9 billion in 2020. In 2021, net losses are estimated to lower down to US$ 11.9 billion.However, the European aircraft manufacturing giant, Airbus, foresees faster recovery of the aviation industry and aircraft manufacturing. According to the company, the global and European aviation industry is expected to reach pre-COVID levels during 2023–2025. Owing to this, the company has been ramping up its production volumes to be capable of delivering a large number of orders. Airbus plans to produce 900 Airbus A320 family aircraft models per year by 2025, with 64 per month by 2023 and 75 units per month by 2025. The announcement of such strategies indicates a promising scenario for the growth of the manufacturers of aircraft components, including wheels and brakes.

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Europe Aircraft Wheels and Brakes Market Segmentation

Europe Aircraft Wheels and Brakes Market – By Component

  • Braking System
  • Wheels
  • Brakes

Europe Aircraft Wheels and Brakes Market – By Fit Type

  • Line Fit
  • Retro Fit

Europe Aircraft Wheels and Brakes Market – By End User

  • Defense
  • Commercial

Europe Aircraft Wheels and Brakes Market – By Country

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

Europe Aircraft Wheels and Brakes Market – Companies Mentioned

  • BERINGER AERO
  • Collins Aerospace
  • Crane Aerospace & Electronics
  • Honeywell International Inc.
  • Meggitt PLC
  • Parker Hannifin Corporation
  • Safran

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. Europe Aircraft Wheels and Brakes Market Landscape

4.1 Market Overview

4.2 Porter’s Five Forces Analysis

4.3 Ecosystem Analysis

5. Europe Aircraft Wheels and Brakes – Market Dynamics

5.1 Market Drivers

5.1.1 Surge in Use of Durable, Lightweight, Sturdy Carbon Brakes

5.1.2 Escalating Demand for Passenger Airline Services

5.2 Market Restraints

5.2.1 Recall of B737 Max and Discontinuation of A380 and B747 Manufacturing

5.3 Market Opportunities

5.3.1 Burgeoning Demand for MRO Activities in Emerging Economies

5.4 Future Trends

5.4.1 Electric Brakes and Fiber-Reinforced Plastic Wheels

5.5 Impact Analysis of Drivers and Restraints

6. Aircraft Wheels and Brakes Market – Europe Market Analysis

6.1 Europe Aircraft Wheels and Brakes Market Overview

6.2 Europe Aircraft Wheels and Brakes Market Revenue Forecast and Analysis

7. Europe Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 – Component

7.1 Overview

7.2 Europe Aircraft Wheels and Brakes Market, By Component (2020 & 2028)

7.3 Braking Systems

7.3.1 Overview

7.3.2 Braking System: Europe Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)

7.4 Wheels

7.4.1 Overview

7.4.2 Wheels: Europe Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)

7.5 Brakes

7.5.1 Overview

7.5.2 Brakes: Europe Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)

8. Europe Aircraft Wheels and Brakes Market Analysis and Forecast to 2028 – Fit Type

8.1 Overview

8.2 Europe Aircraft Wheels and Brakes Market, By Fit Type (2020 & 2028)

8.3 Line Fit

8.3.1 Overview

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

8.4 Retro Fit

8.4.1 Overview

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

9. Europe Aircraft Wheels and Brakes Market Analysis and Forecast to 2028 – End User

9.1 Overview

9.2 Europe Aircraft Wheels and Brakes Market, By End User (2020 & 2028)

9.3 Defense

9.3.1 Overview

9.3.2 Defense: Europe Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)

9.4 Commercial

9.4.1 Overview

9.4.2 Commercial: Europe Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)

10. Europe Aircraft Wheels and Brakes Market – Country Analysis

10.1 Europe: Aircraft Wheels and Brakes Market

10.1.1 Europe: Aircraft Wheels and Brakes Market, by Key Country

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

10.1.2.1 France: Aircraft Wheels and Brakes Market, by Component

10.1.2.2 France: Aircraft Wheels and Brakes Market, by Fit Type

10.1.2.3 France: Aircraft Wheels and Brakes Market, by End User

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

10.1.3.1 Germany: Aircraft Wheels and Brakes Market, by Component

10.1.3.2 Germany: Aircraft Wheels and Brakes Market, by Fit Type

10.1.3.3 Germany: Aircraft Wheels and Brakes Market, by End User

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

10.1.4.1 Italy: Aircraft Wheels and Brakes Market, by Component

10.1.4.2 Italy: Aircraft Wheels and Brakes Market, by Fit Type

10.1.4.3 Italy: Aircraft Wheels and Brakes Market, by End User

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

10.1.5.1 UK: Aircraft Wheels and Brakes Market, by Component

10.1.5.2 UK: Aircraft Wheels and Brakes Market, by Fit Type

10.1.5.3 UK: Aircraft Wheels and Brakes Market, by End User

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

10.1.6.1 Russia: Aircraft Wheels and Brakes Market, by Component

10.1.6.2 Russia: Aircraft Wheels and Brakes Market, by Fit Type

10.1.6.3 Russia: Aircraft Wheels and Brakes Market, by End User

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

10.1.7.1 Rest of Europe: Aircraft Wheels and Brakes Market, by Component

10.1.7.2 Rest of Europe: Aircraft Wheels and Brakes Market, by Fit Type

10.1.7.3 Rest of Europe: Aircraft Wheels and Brakes Market, by End User

11. Europe Aircraft Wheels and Brakes Market - COVID-19 Impact Analysis

11.1 Europe: Impact Assessment of COVID-19 Pandemic

12. Industry Landscape

12.1 Overview

12.2 Market Initiative

12.3 Merger and Acquisition

13. Company Profiles

13.1 BERINGER AERO

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 Collins Aerospace

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 Honeywell International Inc.

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 Meggitt PLC

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 Parker Hannifin Corporation

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 Safran

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

13.7 Crane Aerospace & Electronics

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Word Index

LIST OF TABLES

Table 1. Europe Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)

Table 2. Europe: Aircraft Wheels and Brakes Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 3. France: Aircraft Wheels and Brakes Market, by Component – Revenue and Forecast to 2028 (US$ Million)

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

Table 5. France: Aircraft Wheels and Brakes Market, by End User – Revenue and Forecast to 2028 (US$ Million)

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

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

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

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

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

Table 11. Italy: Aircraft Wheels and Brakes Market, by End User – Revenue and Forecast to 2028 (US$ Million)

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

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

Table 14. UK: Aircraft Wheels and Brakes Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 15. Russia: Aircraft Wheels and Brakes Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 16. Russia: Aircraft Wheels and Brakes Market, by Fit Type – Revenue and Forecast to 2028 (US$ Million)

Table 17. Russia: Aircraft Wheels and Brakes Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 18. Rest of Europe: Aircraft Wheels and Brakes Market, by Component – Revenue and Forecast to 2028 (US$ Million)

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

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

Table 21. List of Abbreviation

LIST OF FIGURES

Figure 1. Europe Aircraft Wheels and Brakes Market Segmentation

Figure 2. Europe Aircraft Wheels and Brakes Market Segmentation – By Country

Figure 3. Europe Aircraft Wheels and Brakes Market Overview

Figure 4. Europe Aircraft Wheels and Brakes Market, by Component

Figure 5. Europe Aircraft Wheels and Brakes Market, by Fit Type

Figure 6. Europe Aircraft Wheels and Brakes Market, By Country

Figure 7. Europe Aircraft Wheels and Brakes Market - Porter’s Five Forces Analysis

Figure 8. Europe Aircraft Wheels and Brakes Market: Ecosystem Analysis

Figure 9. Europe Aircraft Wheels and Brakes Market: Impact Analysis of Drivers and Restraints

Figure 10. Europe Aircraft Wheels and Brakes Market Revenue Forecast and Analysis (US$ Million)

Figure 11. Europe Aircraft Wheels and Brakes Market, by Component (2020 & 2028)

Figure 12. Braking System: Europe Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)

Figure 13. Wheels: Europe Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)

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

Figure 15. Europe Aircraft Wheels and Brakes Market, By Fit Type (2020 & 2028)

Figure 16. Line Fit: Europe Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)

Figure 17. Retro Fit: Europe Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)

Figure 18. Europe Aircraft Wheels and Brakes Market, By End User (2020 & 2028)

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

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

Figure 21. Europe: Aircraft Wheels and Brakes Market – Revenue by Country to 2028 (US$ Million)

Figure 22. Europe: Aircraft Wheels and Brakes Market Revenue Share, by Key Country (2020 & 2028)

Figure 23. France: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)

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

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

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

Figure 27. Russia: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28. Rest of Europe: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29. Impact of COVID-19 Pandemic in Europe Country Markets

  1. BERINGER AERO
  2. Collins Aerospace
  3. Crane Aerospace & Electronics
  4. Honeywell International Inc.
  5. Meggitt PLC
  6. Parker Hannifin Corporation
  7. Safran
  • To understand the Europe aircraft wheels and brakes market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe aircraft wheels and brakes market
  • Efficiently plan M&A and partnership deals in Europe aircraft wheels and brakes market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe aircraft wheels and brakes market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region
TIPRE00025211
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