North America aircraft landing gear market is expected to grow from US$ 5.25 Bn in 2018 to US$ 8.56 Bn by the year 2027. This represents a CAGR of 5.7% from the year 2018 to 2027.
The aviation industry is quite dynamic as it adapts quickly with the ever-changing market forces and customer expectations. The macroeconomic trends across North America shape the overall growth outlook of the region’s aviation industry. The three major macro factors that are affecting the growth of the aviation industry include rising demand for air travel, regulatory and infrastructure developments, and technological advancements in aircraft. As per Boeing’s Aviation industry outlook, in the past five years, the year on year traffic growth as measured in revenue passenger kilometers is 6.7% on an average. The low airfares, rising disposable income, and growing travel & tourism market are some of the factors responsible for this growth. The US aviation sector is the most prominent aviation industry in North America. The industry is continuously witnessing a surge in demand for air travel, which is leading the commercial airlines to increase their fleet, which is allowing aircraft manufacturers such as Boeing, Textron, and Gulfstream, among others, to grow their production lines. An increase in aircraft production is catalyzing the demand for landing gear in North America, which is thereby bolstering the growth of aircraft landing gear marketCurrently, the US is dominating the aircraft landing gear market in terms of installation, which in turn boost the demand for aircraft landing gear market. The economy of the US largely depends upon the performance of the aerospace manufacturing industry in the country. The US aerospace industry is the largest in the world, and aerospace manufacturers in the country are considered to be highly competitive in the international market. In the year 2018, the contribution of the aerospace industry by the export sales to the US economy amounted to US$ 151 Bn. The positive trade balance of US$ 88 Bn for fiscal 2018 was the largest for any manufacturing industry in the US. The figure given below highlights the revenue share of Mexico in the North American aircraft landing gear market in the forecast period:
Mexico in North America Aircraft Landing Gear Market Revenue and Forecasts to 2027 (US$ Mn)
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NORTH AMERICA AIRCRAFT LANDING GEAR MARKET - SEGMENTATION
North America Aircraft Landing Gear Market by Type
- Main
- Nose
North America Aircraft Landing Gear Market by Aircraft Type
- Airplanes
- Helicopters
North America Aircraft Landing Gear Market by End-User
- Commercial
- Armed Forces
North America Aircraft Landing Gear Market by Gear Arrangement
- Tricycle
- Tandem
- Tail Wheel
North America Aircraft Landing Gear Market by Country
- US
- Canada
- Mexico
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
US, Canada
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Aircraft Landing Gear Market – By Aircraft Type
1.3.2 North America Aircraft Landing Gear Market – By Gear Arrangement
1.3.3 North America Aircraft Landing Gear Market – By Type
1.3.4 North America Aircraft Landing Gear Market – By End-User
1.3.5 North America Aircraft Landing Gear Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America 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. North America Aircraft Landing Gear Market – Key Industry Dynamics
5.1 Key Market Driver
5.1.1 Growing aviation industry in North America is expected to boost the aircraft landing gear demand
5.2 Key Market Restraint
5.2.1 Challenges related to landing gear design and development may restrain the future growth
5.3 Key Market Opportunity
5.3.1 Increasing popularity of low cost carriers (LCCs) and ultra-low cost carriers (ULCCs) to provide growth opportunities
5.4 Future Trends
5.4.1 Future landing gear technologies will drive the growth in coming years
5.5 Impact Analysis of Drivers and Restraints
6. North America Aircraft Landing Gear Market –Market Analysis
6.1 Overview
6.2 North America Aircraft Landing Gear Market Revenue and Forecasts to 2027 (US$ Mn)
7. North America Aircraft Landing Gear Market– 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. North America Aircraft Landing Gear Market– 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. North America Aircraft Landing Gear Market– Type
9.1 Overview
9.2 North America 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. North America Aircraft Landing Gear Market– End-User
10.1 Overview
10.2 North America 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. North America Aircraft Landing Gear Market – Country Analysis
11.1.1 North America Aircraft Landing Gear Market Breakdown, By Key Country
11.1.1.1 US Aircraft Landing Gear Market Revenue and Forecasts to 2027 (US$ Mn)
11.1.1.1.1 US Aircraft Landing Gear Market Breakdown, By Aircraft Type
11.1.1.1.2 US Aircraft Landing Gear Market Breakdown, By Gear Arrangement
11.1.1.1.3 US Aircraft Landing Gear Market Breakdown, By Type
11.1.1.1.4 US Aircraft Landing Gear Market Breakdown, By End-User
11.1.1.2 Canada Aircraft Landing Gear Market Revenue and Forecasts to 2027 (US$ Mn)
11.1.1.2.1 Canada Aircraft Landing Gear Market Breakdown, By Aircraft Type
11.1.1.2.2 Canada Aircraft Landing Gear Market Breakdown, By Gear Arrangement
11.1.1.2.3 Canada Aircraft Landing Gear Market Breakdown, By Type
11.1.1.2.4 Canada Aircraft Landing Gear Market Breakdown, By End-User
11.1.1.3 Mexico Aircraft Landing Gear Market Revenue and Forecasts to 2027 (US$ Mn)
11.1.1.3.1 Mexico Aircraft Landing Gear Market Breakdown, By Aircraft Type
11.1.1.3.2 Mexico Aircraft Landing Gear Market Breakdown, By Gear Arrangement
11.1.1.3.3 Mexico Aircraft Landing Gear Market Breakdown, By Type
11.1.1.3.4 Mexico 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. North America Aerospace Forging Market Revenue and Forecasts to 2027 (US$ Mn)
Table 2. North America Aircraft Landing Gear Market Revenue and Forecasts to 2027 – By Aircraft Type (US$ Mn)
Table 3. North America Aircraft Landing Gear Market Revenue and Forecasts to 2027 – By Gear Arrangement (US$ Mn)
Table 4. North America Aircraft Landing Gear Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 5. North America Aircraft Landing Gear Market Revenue and Forecasts to 2027 – By End-User (US$ Mn)
Table 6. US Aircraft Landing Gear Market Revenue and Forecasts to 2027 – By Aircraft Type (US$ Mn)
Table 7. US Aircraft Landing Gear Market Revenue and Forecasts to 2027 – By Gear Arrangement (US$ Mn)
Table 8. US Aircraft Landing Gear Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 9. US Aircraft Landing Gear Market Revenue and Forecasts to 2027 – By End-User (US$ Mn)
Table 10. Canada Aircraft Landing Gear Market Revenue and Forecasts to 2027 – By Aircraft Type (US$ Mn)
Table 11. Canada Aircraft Landing Gear Market Revenue and Forecasts to 2027 – By Gear Arrangement (US$ Mn)
Table 12. Canada Aircraft Landing Gear Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 13. Canada Aircraft Landing Gear Market Revenue and Forecasts to 2027 – By End-User (US$ Mn)
Table 14. Mexico Aircraft Landing Gear Market Revenue and Forecasts to 2027 – By Aircraft Type (US$ Mn)
Table 15. Mexico Aircraft Landing Gear Market Revenue and Forecasts to 2027 – By Gear Arrangement (US$ Mn)
Table 16. Mexico Aircraft Landing Gear Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 17. Mexico Aircraft Landing Gear Market Revenue and Forecasts to 2027 – By End-User (US$ Mn)
Table 18. Glossary of Terms, Aircraft Landing Gear Market
LIST OF FIGURES
Figure 1. North America Aircraft Landing Gear Market Segmentation
Figure 2. North America Aircraft Landing Gear Market Segmentation – Country
Figure 3. North America Aircraft Landing Gear Market Overview
Figure 4. Airplanes aircraft type held the largest share in North America aircraft landing gear market (2018)
Figure 5. Tricycle gear arrangement held the largest share in North America aircraft landing gear market (2018)
Figure 6. Main type of landing gear represented the largest share in North America aircraft landing gear market (2018)
Figure 7. Commercial end-user is the largest as well as the fastest growing end-user in North America aircraft landing gear market (2018)
Figure 8. North America Aircraft Landing Gear Market- Leading Country Markets ($Mn)
Figure 9. North America Aircraft Landing Gear Market, Industry Landscape
Figure 10. Aircraft Landing Gear Market - Porter’s Five Forces
Figure 11. North America Impact Analysis of Drivers and Restraints Pertaining to Aircraft Landing Gear Market
Figure 12. North America Aircraft Landing Gear Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 13. North America Aircraft Landing Gear Market Breakdown, By Aircraft Type, 2018 & 2027 (%)
Figure 14. North America Helicopters Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 15. North America Airplanes Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 16. Aircraft Landing Gear Market Breakdown, By Gear Arrangement, 2018 & 2027 (%)
Figure 17. North America Tricycle Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 18. North America Tandem Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 19. North America Tail Wheel Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 20. North America Aircraft Landing Gear Market Breakdown, By Type, 2018 & 2027 (%)
Figure 21. North America Main Landing Gear Market Revenue and Forecasts to 2027(US$ Mn)
Figure 22. North America Nose Landing Gear Market Revenue and Forecasts to 2027(US$ Mn)
Figure 23. North America Aircraft Landing Gear Market Breakdown, By End-User, 2018 & 2027 (%)
Figure 24. North America Commercial Market Revenue and Forecasts to 2027(US$ Mn)
Figure 25. North America Armed Forces Market Revenue and Forecasts to 2027(US$ Mn)
Figure 26. North America Aircraft Landing Gear Market Breakdown, By Key Country, 2018 & 2027(%)
Figure 27. US Aircraft Landing Gear Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 28. Canada Aircraft Landing Gear Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 29. Mexico Aircraft Landing Gear Market Revenue and Forecasts to 2027 (US$ Mn)
The List of Companies
- 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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