USD 1704.25 million
Report ID: SQMIG20A2035 | Region: Global | Published Date: June, 2022 | Pages: 262 | Tables: 88 | Figures: 76
Aircraft Wheels Market size was valued at USD 1704.25 million in 2021 and is poised to grow from USD 1823.56 million in 2022 to USD 3103.56 million by 2030, growing at a CAGR of 7.2% in the forecast period (2023-2030).
There has been a rising number of aircraft orders in the past few years. This is attributed to increasing commercial aviation. The increasing number of air travel and air traffic has paved growing opportunities for several small to large scale aircraft and aircraft parts manufacturing houses. Additionally, the need to strengthen the defense and military aviation is leveling the way for higher prospects in military aviation. Aircraft wheels are crucial for aircraft landing and take-off. Wheels bear the weight of aircraft and are the reason for safe landing and take-off. Airlines and Big industry players are looking forward to spending on quality and efficient components for aircraft build-up. With increasing air passenger traffic and the high need for aircraft, the prospects for the Aircraft wheel Market are expected to transcend at a high rate in the forecasted period.
US Aircraft Wheels Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1704.25 million
To get more reports on the above market click here to Buy The Report
The Global Aircraft Wheel Market is segmented based on Construction Type, Application, End-User, and Region. Based on Type it is categorized into Bias and Radial. Based on Application it is categorized into Commercial Aviation, and Military Aviation. Based on End-user it is categorized into Aftermarkets and OEMs. Based on the region it is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Aircraft Wheels Market Analysis by Construction Type
Based on the Construction Type Aircrafts Wheels Market is segmented into two types of Bias and Radial. Radial Wheels Market share is expected to be high in the estimated year. The rising demands owe attention given to the improved landing cycle of aircraft. Radial Wheels are lighter and oriented perpendicularly in the direction of rotation which makes them suitable for landing.
Aircraft Wheels Market Analysis by Application
Based on the Application Aircrafts Wheels Market is segmented into two types of Commercial Aviation, Military Aviation, and Ros. Commercial Aviation Market share is expected to be high in the estimated year. Due to increased travel and tourism, there has been rapid emergence of big to small aircraft manufacturers and airlines. Emerging economies have paved the way for travel and tourism and hence increase in commercial aviation.
To get detailed analysis on other segments, Request For Sample Report
North America is estimated to have the largest Market share in the projected period. The growth in the Market share owes to the presence of established aviation industries in the region. Rising technological advancements to improve the quality of air travel is contributing to the growth of manufacturing firms.
Additionally, Europe is also poised to showcase high Market share and is expected to generate high revenues in the estimated Markets. This again owes to increased needs for air travel and improved aircraft manufacturing facilities.
Asia Pacific region is accounted to have great potential for the Aircraft Wheel Market due to emerging advancements and facilities in airlines, travel and tourism and establishment of several manufacturing firms in India, China, Japan Aircraft and Aircraft parts manufacturing industry like Mitsubishi, Jaxa contributors of huge share.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Aircraft Wheels Market Driver
Aircraft Wheels Market Restraint
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
The Global Aircraft Wheel Market is concentrated, with a few big and small-sized Market participants. Major players are implementing numerous tactics, including mergers and acquisitions, strategic agreements, and contracts ensuring the development and enhancement of quality to maintain a competitive edge in the market.
Top Global Aircraft Wheels Market Players Company Profiles
Aircraft Wheels Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, current initiatives to build Aircraft that could meet the rising demand of travel and tourism needs along with maintaining the quality standards are paving huge prospects for the Aircraft wheel Market. Rising commercial aviation along with decent expenditure in Military aviation is compelling competitors to indulge in strategic collaboration and developments to cater to the needs of the Market.
To get free trial access to our platform which is a one-stop solution for all your data requirements for quicker decision making. This platform allows you to compare Markets, competitors who are prominent in the Market, and megatrends that are influencing the dynamics in the Market. Also, get access to a detailed SkyQuest exclusive matrix.
|Market size value in 2021||USD 1704.25 million|
|Market size value in 2030||USD 1823.56 million|
|Forecast Unit (Value)||USD Million|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Aircraft Wheels Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Aircraft Wheels Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Aircraft Wheels Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Aircraft Wheels Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.