Aircraft Wheels Market Regional Analysis

Skyquest Technology's expert advisors have carried out comprehensive global market analysis on the aircraft wheels market, covering regional industry trends and market insights. Our team of analysts have conducted in-depth primary and secondary research to provide regional industry analysis and forecast of aircraft wheels market across North America, South America, Europe, Asia, the Middle East, and Africa.

Aircraft Wheels Market Regional Insights

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.

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Global Aircraft Wheels Market size was valued at USD 4.62 billion in 2023 and is poised to grow from USD 4.95 billion in 2024 to USD 8.64 billion by 2032, growing at a CAGR of 7.2% during the forecast period (2025-2032). 

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. 'Safran Landing Systems (France) ', 'Collins Aerospace (USA) ', 'Honeywell Aerospace (USA) ', 'Parker Hannifin Corporation (USA) ', 'Boeing Company (USA) ', 'Airbus SE (Netherlands) ', 'Liebherr-Aerospace (Germany) ', 'Goodrich Corporation (USA) ', 'Kaman Corporation (USA) ', 'Howmet Aerospace (USA) ', 'Sumitomo Precision Products Co., Ltd. (Japan) ', 'GKN Aerospace (UK) ', 'Triumph Group, Inc. (USA) ', 'Moog Inc. (USA) ', 'Bombardier Inc. (Canada) ', 'Embraer S.A. (Brazil) '

There has been a rapid growth in tourism and travel across the globe. Travel and tourism contributed around 5.81 trillion U.S. dollars in 2021 to the Global GDP. Governments and Organisations are taking initiatives to propel tourism. The rapid growth in tourism has paved the way for various Aircraft manufacturing firms and the airline industry. Additionally rising expenditures in Military aviation drive the need for quality manufacturers thereby increasing the demand for Aircraft wheels.

Commercial aviation segment is witnessing rapid growth. Increased travel and tourism across nations is enticing airlines and manufacturers to collaborate and leverage ways to meet rising demand of aircrafts. The Covid 19 became a reason for slow down, but the Market reinvigorated rapidly and is poisoning ways for various expenditure in aircrafts. Along with this the expenditure in military aviation is also becoming a trending factor to elevate the Market growth or Aircraft wheels in the forecasted period.

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.

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Global Aircraft Wheels Market
Aircraft Wheels Market

Report ID: SQMIG20A2035

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