South America Aircraft Wheels Market Drivers and Forecasts by 2028

Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028

South 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)

Report Date : Oct 2021
Report Code : TIPRE00025317

Category : Aerospace and Defense
Status : Published

Available Report Formats :
No. of Pages : 134

Page Updated: Oct 2021

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The aircraft wheels market in South America is expected to grow from US$ 174.07 million in 2021 to US$ 243.55 million by 2028; it is estimated to grow at a CAGR of 4.9% from 2021 to 2028.

The conventional aircraft wheels are made of magnesium alloys. However, in modern times, manufacturers are increasingly exploring lightweight materials to manufacture aircraft wheels to attain great durability and low maintenance. Also, an aircraft wheel made of lightweight alloys helps an aircraft manufacturer achieve an optimum fuel efficiency level by reducing some portion of aircraft weight. Thus, in the wake of new technological developments in aircraft wheels, the manufacturers are extensively using various types of aluminum alloys to make the wheels light in weight and with better corrosion resistance. For instance, UTC Aerospace Systems (UTAS) is exploring a silver-based aluminum alloy to develop an aircraft wheel. The strength of new wheels made of silver-based aluminum is expected to increase by about 20%. In addition, the new silver-based aluminum alloy is projected to increase damage tolerance by around 70% owing to its stiffness and improved corrosion resistance. The silver-based aluminum variant is also likely to make the aircraft wheel lighter and reduce maintenance downtime. Hence, the rising adoption of lightweight alloys to manufacture aircraft wheel drives the growth of the aircraft wheels market.

Brazil has the highest number of COVID-19 cases, followed by Peru, Chile, Colombia, and Ecuador, among others. South America's government has taken an array of actions to protect their citizens and contain COVID-19's spread. Brazil is the largest spender in the aerospace industry and is the only modern aircraft manufacturing country in the region. Owing to this, the demand for components related to aircraft 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 the country has impaired the supply chain in Brazil. This has weakened the demand for several components, including aircraft wheels. Thus, the outbreak of COVID-19 has had a harsh impact on the South American aircraft wheels market, especially in Brazil.

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 South America aircraft wheels market. The South America aircraft wheels market is expected to grow at a good CAGR during the forecast period.
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South America Aircraft Wheels Market Segmentation

South America Aircraft wheels Market – By Type

Nose Wheel
Main Wheel

South America Aircraft Wheels Market – By Aircraft Type

Fixed Wing Aircraft
Rotary Wing Aircraft
UAV

South America Aircraft Wheels Market – By Fit Type

Line Fit
Retro Fit

South America Aircraft Wheels Market – By End-user

Military
Commercial

South America Aircraft Wheels Market – By Country

Brazil
Argentina
Rest of SAM

South America Aircraft wheels market – Companies Mentioned

Collins Aerospace
Meggitt PLC
Honeywell International Inc.
Parker Hannifin Corporation
BERINGER AERO
Lufthansa Technik

South America Aircraft Wheels Report Scope

Report Attribute	Details
Market size in 2021	US$ 174.07 Million
Market Size by 2028	US$ 243.55 Million
Global CAGR (2021 - 2028)	4.9%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Type Main Wheel and Nose Wheel By Aircraft Type Fixed Wing Aircraft Rotary Wing Aircraft UAV By Fit Type Line Fit and Retrofit By End-User Commercial and Military
Regions and Countries Covered	South and Central America Brazil Argentina Rest of South and Central America
Market leaders and key company profiles	Collins Aerospace Meggitt PLC Honeywell International Inc. Parker Hannifin Corporation BERINGER AERO Lufthansa Technik

Research Manager

Naveen Chittaragi

Associate Vice President,
Market Research & Consulting

Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

What are the South America Aircraft Wheels Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

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