Europe's aircraft landing gear market is expected to grow from US$ 3.42 Bn in 2018 to US$ 5.88 Bn by the year 2027. This represents a CAGR of 6.4% from the year 2018 to 2027.
The inclining curve of air travel is continuously climbing across geographies, which is leading to the increased production of aircraft from manufacturers such as Airbus and Boeing. The commercial airplanes are anticipated to maintain continuous growth over the coming years, regardless of various challenges faced by commercial airlines such as uncertain fuel prices and other regulatory changes in multiple countries. In addition to this, the increasing investments in defense equipment across countries due to unpredictable geopolitical tensions are expected to drive the demand for military aircraft during the forecast period of 2019 to 2027. All these factors and trends are anticipated to fuel the demand for aircraft landing gear and offer future growth opportunities for market players operating in the aircraft landing gear market. The landing gear is one of the crucial subsystems of an aircraft that supports the entire weight of a plane during landing, take-off, and other ground operations. The type and design of a landing gear system depend on the aircraft type and its potential use. A typical landing gear system consists of various components such as brakes, controls, shock absorbers, retraction systems, and warning devices, among many others.Currently, France is dominating the aircraft landing gear market in terms of installation, which in turn boosts the demand for aircraft landing gear market. The aerospace manufacturing sector of France is one of the most important sectors for the economy of the country, which is the world's sixth-largest economy. The aerospace sector generated revenues amounting to US$ 55.10 Bn in 2018, backed by the presence of some of the world's largest airplane manufacturers. Airbus, Dassault Aviation, ATR, and Daher are the largest aerospace manufacturers present in the France market. The Safran Group, which is one of the leading manufacturers and providers of aircraft landing gear systems, has bagged several contracts with the Airbus Group. Liebherr Group is another major manufacturer of landing gear systems having a noteworthy presence in France. The defense expenditure of the country amounted to US$ 63.8 Bn in 2018, out of which close to 50% of the budget share was allocated for equipment manufacturing. France is the second-largest exporter of aerospace equipment globally after the US. All these factors put together bring ample opportunities for aircraft landing gear in the region. The figure is given below highlights the revenue share of Rest of Europe in the Europe aircraft landing gear market in the forecast period:
Rest of Europe Aircraft Landing Gear Market Revenue and Forecasts to 2027 (US$ Mn)
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EUROPE AIRCRAFT LANDING GEAR MARKET - SEGMENTATION
Europe Aircraft Landing Gear Market by Type
- Main
- Nose
Europe Aircraft Landing Gear Market by Aircraft Type
- Airplanes
- Helicopters
Europe Aircraft Landing Gear Market by End-User
- Commercial
- Armed Forces
Europe Aircraft Landing Gear Market by Gear Arrangement
- Tricycle
- Tandem
- Tail Wheel
Europe Aircraft Landing Gear Market by Country
- Germany
- France
- UK
- Russia
- Rest of Europe
Companies Mentioned
- AAR Corp.
- Circor International, Inc.
- Collins Aerospace
- GKN Aerospace Services Limited
- Héroux-Devtek Inc.
- Liebherr Group
- Magellan Aerospace Corporation
- Safran S.A.
- Sumitomo Precision Products Co., Ltd.
- Triumph Group Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Aircraft Type, Gear Arrangement, Type, End-User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
UK, Germany, France, Italy, Russia
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Aircraft Landing Gear Market – By Aircraft Type
1.3.2 Europe Aircraft Landing Gear Market – By Gear Arrangement
1.3.3 Europe Aircraft Landing Gear Market – By Type
1.3.4 Europe Aircraft Landing Gear Market – By End-User
1.3.5 Europe Aircraft Landing Gear Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Aircraft Landing Gear 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 Threats of Substitutes
4.2.4 Threats of New Entrants
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Europe Aircraft Landing Gear Market – Key Industry Dynamics
5.1 Key Market Driver
5.1.1 Growing volume of passengers and growing aviation industry
5.2 Key Market Restraint
5.2.1 Challenges related to the design and development may restrain the future growth
5.3 Key Market Opportunity
5.3.1 Growing popularity of low cost carriers (LCCs) and ultra-low cost carriers (ULCCs) to create lucrative business opportunities
5.4 Future Trends
5.4.1 Development of advanced technologies for landing gears is expected to drive the growth in coming years
5.5 Impact Analysis of Drivers and Restraints
6. Europe Aircraft Landing Gear Market –Market Analysis
6.1 Overview
6.2 Europe Aircraft Landing Gear Market Revenue and Forecasts To 2027 (US$ Mn)
7. Europe Aircraft Landing Gear Market Analysis – By Aircraft Type
7.1 Overview
7.2 Aircraft Landing Gear Market Breakdown, By Aircraft Type, 2018 & 2027
7.3 Helicopters
7.3.1 Overview
7.3.2 Helicopters Market Revenue and Forecasts to 2027 (US$ Mn)
7.4 Airplanes
7.4.1 Overview
7.4.2 Airplanes Market Revenue and Forecasts to 2027 (US$ Mn)
8. Europe Aircraft Landing Gear Market Analysis – By Gear Arrangement
8.1 Overview
8.2 Aircraft Landing Gear Market Breakdown, By Gear Arrangement, 2018 & 2027
8.3 Tricycle
8.3.1 Overview
8.3.2 Tricycle Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 Tandem
8.4.1 Overview
8.4.2 Tandem Market Revenue and Forecasts to 2027 (US$ Mn)
8.5 Tail Wheel
8.5.1 Overview
8.5.2 Tail Wheel Market Revenue and Forecasts to 2027 (US$ Mn)
9. Europe Aircraft Landing Gear Market Revenue and Forecasts To 2027– Type
9.1 Overview
9.2 Aircraft Landing Gear Market Breakdown, By Type, 2018 & 2027
9.3 Main Landing Gear
9.3.1 Overview
9.3.2 Main Landing Gear Market Forecast and Analysis
9.4 Nose Landing Gear
9.4.1 Overview
9.4.2 Nose Landing Gear Market Forecast and Analysis
10. Europe Aircraft Landing Gear Market Revenue and Forecasts To 2027– End-User
10.1 Overview
10.2 Aircraft Landing Gear Market Breakdown, By End-User, 2018 & 2027
10.3 Commercial
10.3.1 Overview
10.3.2 Commercial Market Forecast and Analysis
10.4 Armed Forces
10.4.1 Overview
10.4.2 Armed Forces Market Forecast and Analysis
11. Europe Aircraft Landing Gear Market – Country Analysis
11.1.1 Europe Aircraft Landing Gear Market Breakdown, By Key Country
11.1.1.1 France Aircraft Landing Gear Market Revenue and Forecasts to 2027 (US$ Mn)
11.1.1.1.1 France Aircraft Landing Gear Market Breakdown, By Aircraft Type
11.1.1.1.2 France Aircraft Landing Gear Market Breakdown, By Gear Arrangement
11.1.1.1.3 France Aircraft Landing Gear Market Breakdown, By Type
11.1.1.1.4 France Aircraft Landing Gear Market Breakdown, By End-User
11.1.1.2 Germany Aircraft Landing Gear Market Revenue and Forecasts to 2027 (US$ Mn)
11.1.1.2.1 Germany Aircraft Landing Gear Market Breakdown, By Aircraft Type
11.1.1.2.2 Germany Aircraft Landing Gear Market Breakdown, By Gear Arrangement
11.1.1.2.3 Germany Aircraft Landing Gear Market Breakdown, By Type
11.1.1.2.4 Germany Aircraft Landing Gear Market Breakdown, By End-User
11.1.1.3 Russia Aircraft Landing Gear Market Revenue and Forecasts to 2027 (US$ Mn)
11.1.1.3.1 Russia Aircraft Landing Gear Market Breakdown, By Aircraft Type
11.1.1.3.2 Russia Aircraft Landing Gear Market Breakdown, By Gear Arrangement
11.1.1.3.3 Russia Aircraft Landing Gear Market Breakdown, By Type
11.1.1.3.4 Russia Aircraft Landing Gear Market Breakdown, By End-User
11.1.1.4 UK Aircraft Landing Gear Market Revenue and Forecasts to 2027 (US$ Mn)
11.1.1.4.1 UK Aircraft Landing Gear Market Breakdown, By Aircraft Type
11.1.1.4.2 UK Aircraft Landing Gear Market Breakdown, By Gear Arrangement
11.1.1.4.3 UK Aircraft Landing Gear Market Breakdown, By Type
11.1.1.4.4 UK Aircraft Landing Gear Market Breakdown, By End-User
11.1.1.5 Rest of Europe Aircraft Landing Gear Market Revenue and Forecasts to 2027 (US$ Mn)
11.1.1.5.1 Rest of Europe Aircraft Landing Gear Market Breakdown, By Aircraft Type
11.1.1.5.2 Rest of Europe Aircraft Landing Gear Market Breakdown, By Gear Arrangement
11.1.1.5.3 Rest of Europe Aircraft Landing Gear Market Breakdown, By Type
11.1.1.5.4 Rest of Europe Aircraft Landing Gear Market Breakdown, By End-User
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition
12.4 New Development
13. Aircraft Landing Gear Market – Company Profiles
13.1 AAR Corporation
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 CIRCOR 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 Collins Aerospace
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 GKN Aerospace Services Limited
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 Héroux-Devtek Inc.
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
13.6 Liebherr Group
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Magellan Aerospace Corporation
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Safran S.A.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Sumitomo Precision Products Co., Ltd.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Triumph Group, Inc.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary
LIST OF TABLES
Table 1. Europe Aerospace Forging market Revenue and Forecasts to 2027 (US$ Mn)
Table 2. Europe Aircraft Landing Gear Market Revenue and Forecasts to 2027 – By Aircraft Type (US$ Mn)
Table 3. Europe Aircraft Landing Gear Market Revenue and Forecasts to 2027 – By Gear Arrangement (US$ Mn)
Table 4. Europe Aircraft Landing Gear Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 5. Europe Aircraft Landing Gear Market Revenue and Forecasts to 2027 – By End-User (US$ Mn)
Table 6. Europe Aircraft Landing Gear Market Revenue and Forecasts to 2027 – By Country (US$ Mn)
Table 7. France Aircraft Landing Gear Market Revenue and Forecasts to 2027 – By Aircraft Type (US$ Mn)
Table 8. France Aircraft Landing Gear Market Revenue and Forecasts to 2027 – By Gear Arrangement (US$ Mn)
Table 9. France Aircraft Landing Gear Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 10. France Aircraft Landing Gear Market Revenue and Forecasts to 2027 – By End-User (US$ Mn)
Table 11. Germany Aircraft Landing Gear Market Revenue and Forecasts to 2027 – By Aircraft Type (US$ Mn)
Table 12. Germany Aircraft Landing Gear Market Revenue and Forecasts to 2027 – By Gear Arrangement (US$ Mn)
Table 13. Germany Aircraft Landing Gear Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 14. Germany Aircraft Landing Gear Market Revenue and Forecasts to 2027 – By End-User (US$ Mn)
Table 15. Russia Aircraft Landing Gear Market Revenue and Forecasts to 2027 – By Aircraft Type (US$ Mn)
Table 16. Russia Aircraft Landing Gear Market Revenue and Forecasts to 2027 – By Gear Arrangement (US$ Mn)
Table 17. Russia Aircraft Landing Gear Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 18. Russia Aircraft Landing Gear Market Revenue and Forecasts to 2027 – By End-User (US$ Mn)
Table 19. UK Aircraft Landing Gear Market Revenue and Forecasts to 2027 – By Aircraft Type (US$ Mn)
Table 20. UK Aircraft Landing Gear Market Revenue and Forecasts to 2027 – By Gear Arrangement (US$ Mn)
Table 21. UK Aircraft Landing Gear Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 22. UK Aircraft Landing Gear Market Revenue and Forecasts to 2027 – By End-User (US$ Mn)
Table 23. Rest of Europe Aircraft Landing Gear Market Revenue and Forecasts to 2027 – By Aircraft Type (US$ Mn)
Table 24. Rest of Europe Aircraft Landing Gear Market Revenue and Forecasts to 2027 – By Gear Arrangement (US$ Mn)
Table 25. Rest of Europe Aircraft Landing Gear Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 26. Rest of Europe Aircraft Landing Gear Market Revenue and Forecasts to 2027 – By End-User (US$ Mn)
Table 27. Glossary of Terms, Aircraft Landing Gear Market
LIST OF FIGURES
Figure 1. Europe Aircraft Landing Gear Market Segmentation
Figure 2. Europe Aircraft Landing Gear Market Segmentation – Country
Figure 3. Europe Aircraft Landing Gear Market Overview
Figure 4. Airplanes aircraft type held the largest share in Europe aircraft landing gear market (2018)
Figure 5. Tricycle gear arrangement held the largest share in Europe aircraft landing gear market (2018)
Figure 6. Main type of landing gear represented the largest share in Europe aircraft landing gear market (2018)
Figure 7. Commercial end-user is the largest as well as the fastest growing end-user in Europe aircraft landing gear market (2018)
Figure 8. France held the largest share in Europe aircraft landing gear market (2018)
Figure 9. Europe Aircraft Landing Gear Market- Leading Country Markets ($Mn)
Figure 10. Europe Aircraft Landing Gear Market, Industry Landscape
Figure 11. Aircraft Landing Gear Market - Porter’s Five Forces
Figure 12. Impact Analysis of Drivers and Restraints Pertaining to Aircraft Landing Gear Market
Figure 13. Europe Aircraft Landing Gear Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 14. Europe Aircraft Landing Gear Market Breakdown, By Aircraft Type, 2018 & 2027 (%)
Figure 15. Europe Helicopters Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 16. Europe Airplanes Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 17. Europe Aircraft Landing Gear Market Breakdown, By Gear Arrangement, 2018 & 2027 (%)
Figure 18. Europe Tricycle Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 19. Europe Tandem Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 20. Europe Tail Wheel Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 21. Europe Aircraft Landing Gear Market Breakdown, By Type, 2018 & 2027 (%)
Figure 22. Europe Main Landing Gear Market Revenue And Forecasts To 2027(US$ Mn)
Figure 23. Europe Nose Landing Gear Market Revenue And Forecasts To 2027(US$ Mn)
Figure 24. Europe Aircraft Landing Gear Market Breakdown, By End-User, 2018 & 2027 (%)
Figure 25. Europe Commercial Market Revenue And Forecasts To 2027(US$ Mn)
Figure 26. Europe Armed Forces Market Revenue And Forecasts To 2027(US$ Mn)
Figure 27. Europe Aircraft Landing Gear Market Breakdown, By Key Country, 2018 & 2027(%)
Figure 28. France Aircraft Landing Gear Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 29. Germany Aircraft Landing Gear Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 30. Russia Aircraft Landing Gear Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 31. UK Aircraft Landing Gear Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 32. Rest of Europe Aircraft Landing Gear Market Revenue and Forecasts to 2027 (US$ Mn)
The List of Companies - Europe Aircraft Landing Gear Market
- AAR Corp.
- Circor International, Inc.
- Collins Aerospace
- GKN Aerospace Services Limited
- Héroux-Devtek Inc.
- Liebherr Group
- Magellan Aerospace Corporation
- SAFRAN S.A.
- Sumitomo Precision Products Co., Ltd.
- Triumph Group 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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