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North America Aircraft Wheels and Brakes Market

2021

North America 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: TIPRE00025215 | No. of Pages: 87 | Category: Aerospace and Defense | Status: Published

Market Insights

North America Aircraft Wheels and Brakes Market to Grow at a CAGR of 6.0% to reach US$ 3,972.81 million from 2021 to 2028

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The aircraft wheels and brakes market in North America is expected to grow from US$ 2,645.80 million in 2021 to US$ 3,972.81 million by 2028; it is estimated to grow at a CAGR of 6.0% from 2021 to 2028.


The US, Canada, and Mexico are major economies in North America. Increasing use of durable, lightweight, sturdy carbon brakes is the major factor driving the growth of the North America aircraft wheels and brakes market. The aircraft manufacturing industry has been reliant on steel-based brakes over the decades; however, in the recent years, the industry players have extensively shifted their focus toward carbon brakes. This is mainly attributed to the low weight and greater durability of carbon. The lighter weight of carbon brakes helps manufacturers in keeping the weight of aircraft models lower than those with traditional brakes; the lightweight aircraft fleets operate with greater fuel efficiency and lowered CO2 emissions. Aircraft weight and CO2 emissions are the two critical parameters of focus in the aircraft manufacturing industry. Moreover, carbon brakes facilitate cost-saving as the sturdier nature of carbon offers brakes additional strength along with an ability to operate in adverse environments. Further, carbon brakes require lesser maintenance as they can handle ~2,000 landings on average. Hence, carbon brakes are being used extensively in modern aircraft models to reduce overall operational costs, including brakes maintenance, repairing, and overhaul (MRO) costs. Carbon brakes are compatible with all modern commercial and military aircraft models, which enable the retrofitting of carbon brakes with ease. Hence, these brakes find applications in the MRO activities of older aircraft fleets, which require maintenance. Thus, the escalating adoption of carbon brakes into commercial and military aircraft is fueling the aircraft wheels and brakes market growth, which is further anticipated to drive the market in North America.

In North America, the US witnessed the most severe impact of COVID-19 in 2020. The aircraft wheels and brake manufacturers and service providers in the region are affected due to imposition of nationwide lockdowns and travel restrictions, shutdown of production facilities, and shortage of employees. The massive outbreak created both a health crisis and an economic crisis in the North American countries, especially in the US, which also led to major disruptions in the aerospace industry, impacting supply chains, manufacturing, product sales, and so on. The COVID-19 pandemic has directly and indirectly impacted the industry’s short-term and long-term strategies. The pandemic has caused huge havoc in the airlines industry in North America due to huge net losses and delayed recovery. The aircraft industry in North America was one of the strongest performers in the pre-crisis period, however, IATA reports an estimated loss of ~US$ 45.8 billion in 2020 in the region. Nevertheless, in 2021, following the recovery, the net profit margin of the North American aerospace industry is anticipated to improve to –6.8% from –41.4% in 2020. The presence of large domestic markets is anticipated to drive the improvement. Recovery in demands for passenger, cargo, and military aircraft fleet is anticipated to boost manufacturing and sales of the aircraft wheels and brakes in the coming financial quarters.

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North America Aircraft Wheels and Brakes Market Segmentation

North America Aircraft Wheels and Brakes Market – By Component

  • Braking System
  • Wheels
  • Brakes

North America Aircraft Wheels and Brakes Market – By Fit Type

  • Line Fit
  • Retro Fit

North America Aircraft Wheels and Brakes Market – By End User

  • Defense
  • Commercial

North America Aircraft Wheels and Brakes Market – By Country

  • US
  • Canada
  • Mexico

North America Aircraft Wheels and Brakes Market – Companies Mentioned

  • BERINGER AERO
  • Collins Aerospace
  • Crane Aerospace & Electronics
  • Grove Aircraft Landing Gear System Inc
  • Honeywell International Inc.
  • JAY-Em Aerospace and Machine, Inc.
  • MATCO Manufacturing 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. North America Aircraft Wheels and Brakes Market Landscape

4.1 Market Overview

4.2 Porter’s Five Forces Analysis

4.3 Ecosystem Analysis

5. North America Aircraft Wheels and Brakes – Market Dynamics

5.1 Market Drivers

5.1.1 Increasing Use of Durable, Lightweight, Sturdy Carbon Brakes

5.1.2 Growing 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

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 – North America Market Analysis

6.1 North America Aircraft Wheels and Brakes Market Overview

6.2 North America Aircraft Wheels and Brakes Market Revenue Forecast and Analysis

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

7.1 Overview

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

7.3 Braking Systems

7.3.1 Overview

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

7.4 Wheels

7.4.1 Overview

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

7.5 Brakes

7.5.1 Overview

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

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

8.1 Overview

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

8.3 Line Fit

8.3.1 Overview

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

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

9.1 Overview

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

9.3 Defense

9.3.1 Overview

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

9.4 Commercial

9.4.1 Overview

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

10. North America Aircraft Wheels and Brakes Market – Country Analysis

10.1 North America: Aircraft Wheels and Brakes Market

10.1.1 North America: Aircraft Wheels and Brakes Market, by Key Country

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

10.1.2.1 US: Aircraft Wheels and Brakes Market, by Component

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

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

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

10.1.3.1 Canada: Aircraft Wheels and Brakes Market, by Component

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

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

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

10.1.4.1 Mexico: Aircraft Wheels and Brakes Market, by Component

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

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

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

11.1 Overview

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 MATCO Manufacturing Inc

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

13.8 JAY-Em Aerospace and Machine, Inc.

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Products and Services

13.8.4 Financial Overview

13.8.5 SWOT Analysis

13.8.6 Key Developments

13.9 Grove Aircraft Landing Gear System Inc

13.9.1 Key Facts

13.9.2 Business Description

13.9.3 Products and Services

13.9.4 Financial Overview

13.9.5 SWOT Analysis

13.9.6 Key Developments

13.10 Crane Aerospace & Electronics

13.10.1 Key Facts

13.10.2 Business Description

13.10.3 Products and Services

13.10.4 Financial Overview

13.10.5 SWOT Analysis

13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Word Index

LIST OF TABLES

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

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

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

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

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

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

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

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

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

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

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

Table 12. List of Abbreviation

LIST OF FIGURES

Figure 1. North America Aircraft Wheels and Brakes Market Segmentation

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

Figure 3. North America Aircraft Wheels and Brakes Market Overview

Figure 4. North America Aircraft Wheels and Brakes Market, by Component

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

Figure 6. North America Aircraft Wheels and Brakes Market, By Country

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

Figure 8. North America Aircraft Wheels and Brakes Market: Ecosystem Analysis

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 26. Impact of COVID-19 Pandemic in North America Country Markets

  1. BERINGER AERO
  2. Collins Aerospace
  3. Crane Aerospace & Electronics
  4. Grove Aircraft Landing Gear System Inc
  5. Honeywell International Inc.
  6. JAY-Em Aerospace and Machine, Inc.
  7. MATCO Manufacturing Inc
  8. Meggitt PLC
  9. Parker Hannifin Corporation
  10. Safran
  • To understand the North America 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 North America aircraft wheels and brakes market
  • Efficiently plan M&A and partnership deals in North America 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 North America aircraft wheels and brakes market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.
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