Aircraft Landing Gear MRO Market to 2030 - Size, Growth, Share
[Research Report] The aircraft landing gear MRO market size was valued at US$ 4,343.97 million in 2022 and is projected to reach US$ 5,392.01 million by 2030; it is estimated to register a CAGR of 2.7% from 2022 to 2030. The aircraft landing gear MRO market forecast is estimated on the basis of various secondary and primary research findings such as key company publications, association data, and databases.
Analyst Perspective:
The aircraft landing gear MRO market has witnessed sluggish growth in the past few years. This is mainly due to the slowdown in aircraft operations worldwide caused by the COVID-19 pandemic. Also, the recovery of the airline industry is witnessing slow growth in terms of aircraft MRO demand. However, one of the major factors driving the market is the rising air passenger traffic across different regions. Another major factor boosting the market growth includes the rising number of global aircraft fleets, which is ultimately generating new demand for landing gear MRO services across different airlines worldwide.
Market Overview:
The aircraft landing gear MRO market is likely to register stable growth in the coming years. However, the market is moderately fragmented, with the presence of a large number of players operating across different regions. Moreover, the expected deliveries of commercial aircraft in the next 20 years are likely to generate new opportunities for the market vendors during the forecast period. According to the major aircraft OEMs, i.e., Airbus and Boeing, more than 40,000 commercial aircraft are expected to be delivered by the end of 2042. Further, the growth in procurement of military aircraft is bolstering the aircraft landing gear MRO market across different regions. In addition, the constant tensions among countries such as Russia-Ukraine, China-Taiwan, Israel-Palestine, US-China, India-Pakistan, India-China, etc, are also encouraging the procurement of military aircraft and helicopters. Such tensions among the countries are due to the rising geopolitical competition among different countries for strengthening their respective armed forces for which they are procuring advanced technologies and adding value to their respective air forces. Such factors have been pushing the deployment of military aircraft, helicopters, and UAVs in larger numbers, which is further catalyzing the aircraft landing gear MRO market across different regions.
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Aircraft Landing Gear MRO Market: Strategic Insights
Market Size Value in US$ 4,343.97 million in 2022 Market Size Value by US$ 5,392.01 million by 2030 Growth rate CAGR of 2.7% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Aircraft Landing Gear MRO Market: Strategic Insights
Market Size Value in | US$ 4,343.97 million in 2022 |
Market Size Value by | US$ 5,392.01 million by 2030 |
Growth rate | CAGR of 2.7% from 2022 to 2030 |
Forecast Period | 2022-2030 |
Base Year | 2022 |
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Rising Number of Contracts for Landing Gear MRO Drives Aircraft Landing Gear MRO Market Growth
Several airlines operating across different regions have been collaborating with different MRO players to extend their existing contracts or to provide them with new contracts for landing gear MRO. A few examples are mentioned below:
- In February 2024, Liebherr-Aerospace and Japan Airlines (JAL) signed a long-term service contract for the overhaul of landing gears.
- In October 2023, Safran Landing Systems signed a five-year contract with airline company Wizz Air to carry out the Maintenance, Repair, and Overhaul (MRO) operations on 57 aircraft of its A320 family fleet.
- In March 2023, Emirates and Lufthansa Technik AG signed two major contracts regarding comprehensive Maintenance, Repair & Overhaul (MRO) services for Airbus A380 long-range aircraft, of which the Dubai-based airline is by far the world’s largest operator.
- In September 2022, Revima Asia Pacific entered into a 2-year agreement for the B737 NG Landing Gear overhaul.
- In July 2022, Triumph Group, Inc. (TRIUMPH) and Moog Inc entered into a 4-year agreement to provide MRO solutions for Boeing 787 landing gear and cargo door actuation control systems through Moog's Aftermarket Total Support Program (MTS) for an Asia Pacific operator.
- In November 2021, Safran Landing Systems signed a 5-year contract with Gulf Air, Bahrain’s national airline, to carry out maintenance operations on the landing gear of six Airbus A321s and one A320.
Such a growing number of MRO contracts for landing gear MRO services fuels the aircraft landing gear MRO market growth across the globe.
Segmental Analysis:
Based on aircraft type, the market is divided into fixed wing and rotary wing. The fixed wing segment held a larger aircraft landing gear MRO market share in 2022, accounting for 69.9%, and is expected to reach 68.4% by 2030. One of the major factors responsible for the fixed wing segment growth in the aircraft landing gear MRO market is the presence of the largest fleet compared to rotary wing aircraft worldwide. Moreover, the growing fleet of fixed wing commercial and military aircraft is another major factor likely to generate new opportunities for the market vendors in the coming years. Further, the expected fixed wing commercial aircraft deliveries in the next 20 years are likely to provide new opportunities for market vendors in the coming years. Such factors are catalyzing the fixed wing segment growth in the market.
Regional Analysis:
The North America aircraft landing gear MRO market was valued at US$ 1,678.30 million in 2022 and is projected to reach US$ 3,016.69 million by 2030; it is expected to register a CAGR of 7.6% from 2022 to 2030. North America region some of the major aircraft landing gear MRO market players such as Global Aerospace Corporation, Aviatechnik Corporation, AAR Corp, Safran, Aerospace Rotables, Landing Gear Technologies LLC, and Jet Landing Systems that have their respective MRO facilities across different parts of the region and keeps catering to new demands for landing gear MRO from their respective facilities. This factor is contributing to the aircraft landing gear MRO market growth across the region. Further, the US accounted for the largest aircraft landing gear MRO market share in the market in North America. This is mainly due to the presence of the mentioned aircraft landing gear MRO companies and the presence of some of the major aircraft OEMs i.e. Boeing, Airbus, Textron, Lockheed Martin, Northrop Grumman Corporation, etc. Such companies are also contributing to the aircraft landing gear MRO market growth across the North America region.
Key Player Analysis:
The aircraft landing gear MRO market report includes the company profiles of the players such as Safran, AAR Corp, Magellan Aerospace Corporation, Circor International Inc, Triumph Group Inc, Lufthansa Technik, ST Engineering, Meggitt Plc, Liebherr-International Deutschland GmbH, and Honeywell International Inc. The aircraft landing gear MRO market analysis is carried out by identifying and evaluating key players in the market across different regions. Among the mentioned market players—Safran, AAR Corp, Magellan Aerospace Corporation, Circor International Inc, and Triumph Group Inc are the top aircraft landing gear MRO market players owing to the diversified services portfolio offered.
Aircraft Landing Gear MRO Market Report Scope
Recent Developments:
The aircraft landing gear MRO market report includes an analysis carried out by identifying and evaluating key players in the market. Inorganic and organic strategies such as new contracts, mergers, and acquisitions are highly adopted by companies in the aircraft landing gear MRO market. For instance, in 2021, KP Aviation announced the merger with Aircraft Landing Systems (ALS), a premier landing gear MRO company based in Hialeah Florida. In addition, in August 2021, Atlanta-based Precision Aviation Group, Inc. (PAG) announced the acquisition of Trace Aviation (TA) o Jackson, Mississippi. Similarly, in October 2022, the Adani Group announced that it will acquire MRO company Air Works Group in a bid to strengthen its civil aviation portfolio in the coming years. The report includes growth prospects owing to the current aircraft landing gear MRO market trends and their foreseeable impact during the forecast period.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Aircraft Type, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Safran, AAR Corp, Magellan Aerospace Corporation, Circor International Inc, and Triumph Group are some of the key market players operating in the global aircraft landing gear MRO market.
Retrofitting of older aircraft fleet is one of the major trends expected to drive the market in the coming years.
Asia Pacific is expected to account for the largest share during the forecast period and it is likely to retain its dominance during the forecast period as well.
Expected deliveries of commercial aircraft over the next 20 years is one of the key factors likely to generate new opportunities for market vendors during the forecast period.
Rising Aircraft MRO Industry; Rising Number of Contracts for Aircraft MRO Operations; and Rising Procurement of Military Aircraft in Larger Numbers are contributing to the growth of aircraft landing gear MRO market.
1. Introduction
1.1 Scope of the Study
1.2 Market Definition, Assumptions and Limitations
1.3 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness Analysis
3. Research Methodology
4. Aircraft Landing Gear MRO Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. Aircraft Landing Gear MRO Market - Key Market Dynamics
5.1 Key Market Drivers
5.2 Key Market Restraints
5.3 Key Market Opportunities
5.4 Future Trends
5.5 Impact Analysis of Drivers and Restraints
6. Aircraft Landing Gear MRO Market - Global Market Analysis
6.1 Aircraft Landing Gear MRO - Global Market Overview
6.2 Aircraft Landing Gear MRO - Global Market and Forecast to 2031
7. Aircraft Landing Gear MRO Market – Revenue Analysis (USD Million) – By Type, 2020-2030
7.1 Overview
7.2 Nose Landing Gear
7.3 Main Landing Gear
8. Aircraft Landing Gear MRO Market – Revenue Analysis (USD Million) – By Aircraft Type, 2020-2030
8.1 Overview
8.2 Fixed Wing
8.3 Rotary Wing
9. Aircraft Landing Gear MRO Market – Revenue Analysis (USD Million) – By End User, 2020-2030
9.1 Overview
9.2 Commercial
9.3 Military
10. Aircraft Landing Gear MRO Market - Revenue Analysis (USD Million), 2020-2030 – Geographical Analysis
10.1 North America
10.1.1 North America Aircraft Landing Gear MRO Market Overview
10.1.2 North America Aircraft Landing Gear MRO Market Revenue and Forecasts to 2031
10.1.3 North America Aircraft Landing Gear MRO Market Revenue and Forecasts and Analysis - By Type
10.1.4 North America Aircraft Landing Gear MRO Market Revenue and Forecasts and Analysis - By Aircraft Type
10.1.5 North America Aircraft Landing Gear MRO Market Revenue and Forecasts and Analysis - By End User
10.1.6 North America Aircraft Landing Gear MRO Market Revenue and Forecasts and Analysis - By Countries
10.1.6.1 United States Aircraft Landing Gear MRO Market
10.1.6.1.1 United States Aircraft Landing Gear MRO Market, by Type
10.1.6.1.2 United States Aircraft Landing Gear MRO Market, by Aircraft Type
10.1.6.1.3 United States Aircraft Landing Gear MRO Market, by End User
10.1.6.2 Canada Aircraft Landing Gear MRO Market
10.1.6.2.1 Canada Aircraft Landing Gear MRO Market, by Type
10.1.6.2.2 Canada Aircraft Landing Gear MRO Market, by Aircraft Type
10.1.6.2.3 Canada Aircraft Landing Gear MRO Market, by End User
10.1.6.3 Mexico Aircraft Landing Gear MRO Market
10.1.6.3.1 Mexico Aircraft Landing Gear MRO Market, by Type
10.1.6.3.2 Mexico Aircraft Landing Gear MRO Market, by Aircraft Type
10.1.6.3.3 Mexico Aircraft Landing Gear MRO Market, by End User
Note - Similar analysis would be provided for below mentioned regions/countries
10.2 Europe
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 United Kingdom
10.2.5 Russia
10.2.6 Rest of Europe
10.3 Asia-Pacific
10.3.1 Australia
10.3.2 China
10.3.3 India
10.3.4 South Korea
10.3.5 Indonesia
10.3.6 Rest of Asia-Pacific
10.4 Middle East and Africa
10.4.1 South Africa
10.4.2 Saudi Arabia
10.4.3 U.A.E
10.4.4 Rest of Middle East and Africa
10.5 South and Central America
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Rest of South and Central America
11. Industry Landscape
11.1 Mergers and Acquisitions
11.2 Agreements, Collaborations, Joint Ventures
11.3 New Product Launches
11.4 Expansions and Other Strategic Developments
12. Competitive Landscape
12.1 Heat Map Analysis by Key Players
12.2 Company Positioning and Concentration
13. Aircraft Landing Gear MRO Market - Key Company Profiles
13.1 Safran
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
Note - Similar information would be provided for below list of companies
13.2 AAR Corp
13.3 Magellan Aerospace Corporation
13.4 Circor International Inc
13.5 Triumph Group Inc
13.6 Lufthansa Technik
13.7 ST Engineering
13.8 Meggitt Plc
13.9 Liebherr-International Deutschland GmbH
13.10 Honeywell International Inc
14. Appendix
14.1 Glossary
14.2 About The Insight Partners
14.3 Market Intelligence Cloud
The List of Companies - Aircraft Landing Gear MRO Market
- Safran
- AAR Corp
- Magellan Aerospace Corporation
- Circor International Inc
- Triumph Group Inc
- Lufthansa Technik
- ST Engineering
- Meggitt Plc
- Liebherr-International Deutschland GmbH
- Honeywell International Inc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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