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South America Aircraft Wheels and Brakes Market

2021

South 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: TIPRE00025219 | No. of Pages: 74 | Category: Aerospace and Defense | Status: Published

Market Insights

South America Aircraft Wheels and Brakes Market to Grow at a CAGR of 4.9% to reach US$ 1,067.77 million from 2021 to 2028

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The aircraft wheels and brakes market in South America is expected to grow from US$ 763.13 million in 2021 to US$ 1,067.77 million by 2028; it is estimated to grow at a CAGR of 4.9% from 2021 to 2028.


BrazilandArgentina are major economies in South America. Burgeoning demand for MRO activities in emerging economies is the major factor driving the growth of the South America aircraft wheels and brakes market. With the rapidly growing aviation industry from the past few years, the demand for airline MRO services is also increasing. Emerging economies, such as those in SAM, are highly focused on extending MRO services to commercial as well as military aircrafts. Economic growth, increasing air passengers, and growing aviation infrastructure spending in SAM countries are the major factors driving the growth of the aircraft MRO services, which is subsequently providing lucrative opportunities for the growth of the aircraft wheels and brakes market. According to the International Air Transport Association, the total number of new passengers would increase to over 7.2 billion the next 20 years compare to 1.8 billion passengers travelled globally through airline in 2020, and it would further increase the fleet size and the demand for MRO activities for upgrading the aircraft fleet. The rising number of middle-class travelers is the main factor contributing to air travel growth in the region. The growth of air travel is positively impacting the growth of MRO facilities in the above mentioned countries, which is thereby catalyzing the aircraft wheels and brakes market, which is further anticipated to drive the market in South America.

In South America Brazil has the highest number of COVID-19 cases, followed by Peru, Chile, Colombia, and Ecuador, among others. Governments of South American countries has taken all necessary actions to protect their citizens and control the COVID-19 spread. Brazil is the largest spender in the aerospace industry and the only modern aircraft manufacturing country in the region. Owing to this, the demand for components and aircraft related systems and technologies is at an all-time high in the country. In addition, the majority of the components are imported from the US, China, and European countries. The slowdown in commercial and military aircraft production in these countries has impaired the supply chain in Brazil. This has weakened the demand for several components, including wheels and brakes.

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South America Aircraft Wheels and Brakes Market Segmentation

South America Aircraft Wheels and Brakes Market – By Component

  • Braking System
  • Wheels
  • Brakes

South America Aircraft Wheels and Brakes Market – By Fit Type

  • Line Fit
  • Retro Fit

South America Aircraft Wheels and Brakes Market – By End User

  • Defense
  • Commercial

South America Aircraft Wheels and Brakes Market – By Country

  • Brazil
  • Argentina
  • Rest of South America

South America Aircraft Wheels and Brakes Market-Companies Mentioned

  • Collins Aerospace
  • 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. South America Aircraft Wheels and Brakes Market Landscape

4.1 Market Overview

4.2 Porter’s Five Forces Analysis

4.3 Ecosystem Analysis

5. South America Aircraft Wheels and Brakes – Market Dynamics

5.1 Market Drivers

5.1.1 Rising Use of Durable, Lightweight, Sturdy Carbon Brakes

5.1.2 Surge in 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 – South America Market Analysis

6.1 South America Aircraft Wheels and Brakes Market Overview

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

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

7.1 Overview

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

7.3 Braking Systems

7.3.1 Overview

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

7.4 Wheels

7.4.1 Overview

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

7.5 Brakes

7.5.1 Overview

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

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

8.1 Overview

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

8.3 Line Fit

8.3.1 Overview

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

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

9.1 Overview

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

9.3 Defense

9.3.1 Overview

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

9.4 Commercial

9.4.1 Overview

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

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

10.1 SAM: Aircraft Wheels and Brakes Market

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

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

10.1.2.1 Brazil: Aircraft Wheels and Brakes Market, by Component

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

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

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

10.1.3.1 Argentina: Aircraft Wheels and Brakes Market, by Component

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

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

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

10.1.4.1 Rest of SAM: Aircraft Wheels and Brakes Market, by Component

10.1.4.2 Rest of SAM: Aircraft Wheels and Brakes Market, by Fit Type

10.1.4.3 Rest of SAM: Aircraft Wheels and Brakes Market, by End User

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

11.1 South America: 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 Collins Aerospace

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 Honeywell International Inc.

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 Meggitt PLC

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 Parker Hannifin Corporation

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 Safran

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

14. Appendix

14.1 About The Insight Partners

14.2 Word Index

LIST OF TABLES

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

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

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

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

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

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

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

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

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

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

Table 11. Rest of SAM: 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. South America Aircraft Wheels and Brakes Market Segmentation

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

Figure 3. South America Aircraft Wheels and Brakes Market Overview

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 26. Impact of COVID-19 Pandemic in South America Countries

  1. Collins Aerospace
  2. Honeywell International Inc.
  3. Meggitt PLC
  4. Parker Hannifin Corporation
  5. Safran
  • To understand the South 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 South America aircraft wheels and brakes market
  • Efficiently plan M&A and partnership deals in South 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 South America aircraft wheels and brakes market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in South America region
TIPRE00025219
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