North America Aircraft Landing Gear Market Overview and Growth by 2027

North America aircraft landing gear market is expected to grow from US$ 5.25 Bn in 2018 to US$ 8.56 Bn by the year 2027. This represents a CAGR of 5.7% from the year 2018 to 2027.

The aviation industry is quite dynamic as it adapts quickly with the ever-changing market forces and customer expectations. The macroeconomic trends across North America shape the overall growth outlook of the region’s aviation industry. The three major macro factors that are affecting the growth of the aviation industry include rising demand for air travel, regulatory and infrastructure developments, and technological advancements in aircraft. As per Boeing’s Aviation industry outlook, in the past five years, the year on year traffic growth as measured in revenue passenger kilometers is 6.7% on an average. The low airfares, rising disposable income, and growing travel & tourism market are some of the factors responsible for this growth. The US aviation sector is the most prominent aviation industry in North America. The industry is continuously witnessing a surge in demand for air travel, which is leading the commercial airlines to increase their fleet, which is allowing aircraft manufacturers such as Boeing, Textron, and Gulfstream, among others, to grow their production lines. An increase in aircraft production is catalyzing the demand for landing gear in North America, which is thereby bolstering the growth of aircraft landing gear market

Currently, the US is dominating the aircraft landing gear market in terms of installation, which in turn boost the demand for aircraft landing gear market. The economy of the US largely depends upon the performance of the aerospace manufacturing industry in the country. The US aerospace industry is the largest in the world, and aerospace manufacturers in the country are considered to be highly competitive in the international market. In the year 2018, the contribution of the aerospace industry by the export sales to the US economy amounted to US$ 151 Bn. The positive trade balance of US$ 88 Bn for fiscal 2018 was the largest for any manufacturing industry in the US. The figure given below highlights the revenue share of Mexico in the North American aircraft landing gear market in the forecast period:

Mexico in North America Aircraft Landing Gear Market Revenue and Forecasts to 2027 (US$ Mn)

NORTH AMERICA AIRCRAFT LANDING GEAR MARKET - SEGMENTATION

North America Aircraft Landing Gear Market by Type

• Main
• Nose

North America Aircraft Landing Gear Market by Aircraft Type

• Airplanes
• Helicopters

North America Aircraft Landing Gear Market by End-User

• Commercial
• Armed Forces

North America Aircraft Landing Gear Market by Gear Arrangement

• Tricycle
• Tandem
• Tail Wheel

North America Aircraft Landing Gear Market by Country

• US
• Canada
• Mexico

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.

North America Aircraft Landing Gear Report Scope