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North America Aircraft Wheels Market

2021

North America 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: TIPRE00025277 | No. of Pages: 132 | Category: Aerospace and Defense | Status: Published

Market Insights

North America Aircraft Wheels Market Market to Grow at a CAGR of 6.0% to reach US$ 906.17 million from 2021 to 2028

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The aircraft wheels market in North America is expected to grow from US$ 603.49 million in 2021 to US$ 906.17 million by 2028; it is estimated to grow at a CAGR of 6.0% from 2021 to 2028.


The demand for aircraft is rising across the world owing to the rapidly growing airline industry in the developing economies due to continuously increasing demand for passenger airline services. In addition, the aviation industry is undergoing expansion at a rapid pace, recording significant production volumes and deliveries of aircraft (commercial and military) fleets. Specifically, the commercial aviation industry has witnessed tremendous growth in the past few years with the emergence of new low-cost carriers (LCCs) and fleet expansion strategies adopted by the full-service carriers (FSCs). Further, commercial aviation is surging owing to the mounting number of air travel passengers and aircraft procurements. This surge in aircraft production boosts the demand for aircraft wheels. The production volumes of aircraft are continuously rising to bridge the gap between its demand and supply. For instance, Boeing and Airbus received new aircraft orders of 1,008 and 831 in 2018 and 2019, respectively and delivered 806 and 800 aircraft in the given respective years. However, in 2020, the number of aircraft orders and deliveries dipped due to the COVID-19 outbreak. On the other side, with the huge backlogs of aircraft delivery and with the fresh receiving orders, the North America Aircraft Wheels market is expected to pull back its growth in the post-pandemic era. Furthermore, the demand for line fit wheels is growing with the rising production of aircraft as the main landing gear system consists of multiple wheels. The detailed chart of required wheels for the respective aircraft model is given below in Table 1. Also, Table 2 highlights the count of orders and deliveries of Airbus and Boeing in 2018, 2019, and 2020 along with the total production of military aircraft in the given years.

The US is the worst-hit country in North America. The continuous growth of infected individuals has led the government to impose lockdown across the nation's borders during Q2 and Q3 of 2020. The majority of the manufacturing plants either were temporarily shut or operated with minimum staff; the aircraft OEMs and aircraft components and associated product manufacturers witnessed disruption in supply chain; these are some of the North American countries' critical issues. Since the US has a larger density of aircraft manufacturers and aircraft associated technology and component manufacturers, followed by Canada and Mexico. The outbreak of the virus has severely affected the production of each. The lower number of manufacturing staff has resulted in lesser production quantity. From the aircraft OEM’s perspective, Boeing, the aviation giant in the region, has witnessed a significant fall in orders and production, which is one of the key restraining factors for the aircraft line fit wheels market. Apart from Boeing, several other aircraft OEMs such as Bombardier, Textron, and Gulfstream, among others, also experienced tremors of COVID–19 on their orders and production lines. From the supply side, the region has higher numbers of aircraft wheels market players. The restricted workforce, disruption in the supply chain, and limited volumes of orders have sternly shaken the aircraft wheels market players in the region.

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 North America aircraft wheels market. The North America aircraft wheels market is expected to grow at a good CAGR during the forecast period.

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North America Aircraft Wheels Market Segmentation

North America Aircraft wheels Market – By Type

  • Nose Wheel
  • Main Wheel

North America Aircraft Wheels Market – By Aircraft Type

  • Fixed Wing Aircraft
  • Rotary Wing Aircraft
  • UAV

North America Aircraft Wheels Market – By Fit Type

  • Line Fit
  • Retro Fit

North America Aircraft Wheels Market – By End-user

  • Military
  • Commercial

North America Aircraft Wheels Market – By Country

  • US
  • Canada
  • Mexico

North America Aircraft wheels market – Companies Mentioned

  • Collins Aerospace
  • Meggitt PLC
  • Honeywell International Inc.
  • Parker Hannifin Corporation
  • BERINGER AERO
  • Lufthansa Technik
  • Grove Aircraft Landing Gear System Inc
  • MATCO Manufacturing Inc
  • NMG Aerospace

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 – 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. North America Aircraft wheels market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Up-scaling volumes of aircraft orders and their deliveries

5.1.2 Surging adoption of lightweight alloy to manufacture aircraft wheels

5.2 Market Restraint

5.2.1 Raising life span of aircraft wheels

5.3 Market Opportunity

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

5.4 Future Trend

5.4.1 Growing use of CFRP composite in aircraft nose wheel manufacturing

5.5 Impact Analysis of Drivers and Restraints

6. North America Aircraft Wheels – Market Analysis

6.1 North America Aircraft Wheels market Overview

6.1.1 North America: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)

7. North America Aircraft Wheels Market Analysis – By Type

7.1 Overview

7.1.1 North America: Aircraft Wheels Market, by Type

7.2 Nose Wheel

7.2.1 Overview

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

7.3 Main Wheel

7.3.1 Overview

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

8. North America Aircraft wheels Market Analysis – By Aircraft Type

8.1 Overview

8.1.1 North America: 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. North America Aircraft wheels Market Analysis – By Fit Type

9.1 Overview

9.1.1 North America: 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. North America Aircraft wheels Market Analysis – By End-user

10.1 Overview

10.1.1 North America: 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. North America Aircraft wheels Market – Country Analysis

11.1 North America

11.1.1 North America: Aircraft Wheels Market, by Key Country

11.1.1.1 US: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)

11.1.1.1.1 US: Aircraft Wheels Market, by Type

11.1.1.1.2 US: Aircraft Wheels Market, by Aircraft Type

11.1.1.1.3 US: Aircraft Wheels Market, by Fit Type

11.1.1.1.4 US: Aircraft Wheels Market, by End-user

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

11.1.1.2.1 Canada: Aircraft Wheels Market, by Type

11.1.1.2.2 Canada: Aircraft Wheels Market, by Aircraft Type

11.1.1.2.3 Canada: Aircraft Wheels Market, by Fit Type

11.1.1.2.4 Canada: Aircraft Wheels Market, by End-user

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

11.1.1.3.1 Mexico: Aircraft Wheels Market, by Type

11.1.1.3.2 Mexico: Aircraft Wheels Market, by Aircraft Type

11.1.1.3.3 Mexico: Aircraft Wheels Market, by Fit Type

11.1.1.3.4 Mexico: Aircraft Wheels Market, by End-user

12. North America 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

14.7 Grove Aircraft Landing Gear System Inc

14.7.1 Key Facts

14.7.2 Business Description

14.7.3 Products and Services

14.7.4 Financial Overview

14.7.5 SWOT Analysis

14.7.6 Key Developments

14.8 MATCO Manufacturing Inc

14.8.1 Key Facts

14.8.2 Business Description

14.8.3 Products and Services

14.8.4 Financial Overview

14.8.5 SWOT Analysis

14.8.6 Key Developments

14.9 NMG Aerospace

14.9.1 Key Facts

14.9.2 Business Description

14.9.3 Products and Services

14.9.4 Financial Overview

14.9.5 SWOT Analysis

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

Table 4. North America: Aircraft wheels Market Revenue Share, by Key Country (2020 and 2028)

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

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

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

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

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

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

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

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

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

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

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

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

Table 17. List of Abbreviation

LIST OF FIGURES

Figure 1. North America Aircraft Wheels Market Segmentation

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

Figure 3. North America Aircraft Wheels Market Overview

Figure 4. North America Aircraft Wheels Market, by Type

Figure 5. North America Aircraft Wheels Market, by Aircraft Type

Figure 6. North America Aircraft Wheels Market, by Fit Type

Figure 7. North America Aircraft Wheels Market, by End-Users

Figure 8. North America Aircraft Wheels Market, by Country

Figure 9. Porter’s Five Forces Analysis

Figure 10. Aircraft Wheels market- Ecosystem Analysis

Figure 11. North America Aircraft wheels market Impact Analysis of Drivers and Restraints

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

Figure 13. North America: 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. North America: 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. North America: AIRCRAFT WHEELS TMARKET 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. North America: 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 North America Aircraft wheels market

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

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

Figure 29. Canada: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 30. Mexico: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 31. Impact of COVID-19 Pandemic in North America Country Markets

  1. Collins Aerospace                                                           
  2. Meggitt PLC                                                                     
  3. Honeywell International Inc.                                        
  4. Parker Hannifin Corporation                                        
  5. BERINGER AERO
  6. Lufthansa Technik                                                           
  7. Grove Aircraft Landing Gear System Inc                      
  8. MATCO Manufacturing Inc                                             
  9. NMG Aerospace
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America 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 North America 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 North America 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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