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South America Aircraft Wheels Market

2021

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)

Publication Month: Oct 2021 | Report Code: TIPRE00025317 | No. of Pages: 134 | Category: Aerospace and Defense | Status: Published

Market Insights

South America Aircraft Wheels Market to Grow at a CAGR of 4.9% to reach US$ 243.55 million Million from 2021 to 2028

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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

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 – 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. South America Aircraft Wheels market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Burgeoning volumes of aircraft orders and their deliveries

5.1.2 Ramping adoption of lightweight alloy to manufacture aircraft wheels

5.2 Market Restraint

5.2.1 Expanded life span of aircraft wheels

5.3 Market Opportunity

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

5.4 Future Trend

5.4.1 Up-scaling use of CFRP composite in aircraft nose wheel manufacturing

5.5 Impact Analysis of Drivers and Restraints

6. South America Aircraft Wheels – Market Analysis

6.1 South America Aircraft Wheels market Overview

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

7. South America Aircraft Wheels Market Analysis – By Type

7.1 Overview

7.1.1 South 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. South America Aircraft Wheels Market Analysis – By Aircraft Type

8.1 Overview

8.1.1 South 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. South America Aircraft Wheels Market Analysis – By Fit Type

9.1 Overview

9.1.1 South 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. South America Aircraft Wheels Market Analysis – By End User

10.1 Overview

10.1.1 South 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. South America Aircraft Wheels Market – Country Analysis

11.1 Overview

11.1.1 South America Aircraft Wheels Market, by Key Country

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

11.1.1.1.1 Brazil: Aircraft Wheels Market, by Type

11.1.1.1.2 Brazil: Aircraft Wheels Market, by Aircraft Type

11.1.1.1.3 Brazil: Aircraft Wheels Market, by Fit Type

11.1.1.1.4 Brazil: Aircraft Wheels Market, by End User

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

11.1.1.2.1 Argentina: Aircraft Wheels Market, by Type

11.1.1.2.2 Argentina: Aircraft Wheels Market, by Aircraft Type

11.1.1.2.3 Argentina: Aircraft Wheels Market, by Fit Type

11.1.1.2.4 Argentina: Aircraft Wheels Market, by End User

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

11.1.1.3.1 Rest of SAM: Aircraft Wheels Market, by Type

11.1.1.3.2 Rest of SAM: Aircraft Wheels Market, by Aircraft Type

11.1.1.3.3 Rest of SAM: Aircraft Wheels Market, by Fit Type

11.1.1.3.4 Rest of SAM: Aircraft Wheels Market, by End User

12. South 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

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

Table 4. South America Aircraft Wheels Market, by Powertrain Type – by Country (UNITS IN MILLION)

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

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

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

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

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

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

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

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

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

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

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

Table 16. Rest of SAM: Aircraft Wheels Market, by End User–Revenue and Forecast to 2028 (US$ Million)

Table 17. List of Abbreviation

LIST OF FIGURES

Figure 1. South America Aircraft Wheels Market Segmentation

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

Figure 3. South America Aircraft Wheels Market Overview

Figure 4. South America Aircraft Wheels Market, by Type

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

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

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

Figure 8. South America Aircraft Wheels Market, by Country

Figure 9. Porter’s Five Forces Analysis

Figure 10. Aircraft Wheels market- Ecosystem Analysis

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

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

Figure 13. South 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. South 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. South America Aircraft wheels Market 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. South 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 South America Aircraft wheels market

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

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

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

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

Figure 31. Impact of COVID-19 Pandemic in South America Countries

  1. Collins Aerospace                                                           
  2. Meggitt PLC                                                                     
  3. Honeywell International Inc.                                        
  4. Parker Hannifin Corporation                                        
  5. BERINGER AERO
  6. Lufthansa Technik                                                           
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South 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 South 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 South 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  
TIPRE00025317
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