Global Aircraft Wheels Market Growth 2023-2029

Global Aircraft Wheels Market Growth 2023-2029

Aircraft wheels are an important component of a landing gear system. With tires mounted upon them, they support the entire weight of the aircraft during taxi, takeoff, and landing. The typical aircraft wheel is lightweight, strong, and made from aluminum alloy. Some magnesium alloy wheels also exist. Early aircraft wheels were of single piece construction, much the same as the modern automobile wheel. As aircraft tires were improved for the purpose they serve, they were made stiffer to better absorb the forces of landing without blowing out or separating from the rim. Stretching such a tire over a single piece wheel rim was not possible. A two-piece wheel was developed. Early two-piece aircraft wheels were essentially one-piece wheels with a removable rim to allow mounting access for the tire. These are still found on older aircraft. Later, wheels with two nearly symmetrical halves were developed. Nearly all modern aircraft wheels are of this two piece construction.

LPI (LP Information)' newest research report, the “Aircraft Wheels Industry Forecast” looks at past sales and reviews total world Aircraft Wheels sales in 2022, providing a comprehensive analysis by region and market sector of projected Aircraft Wheels sales for 2023 through 2029. With Aircraft Wheels sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Aircraft Wheels industry.

This Insight Report provides a comprehensive analysis of the global Aircraft Wheels landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Aircraft Wheels portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Aircraft Wheels market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Aircraft Wheels and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Aircraft Wheels.

The global Aircraft Wheels market size is projected to grow from US$ 61 million in 2022 to US$ 77 million in 2029; it is expected to grow at a CAGR of 77 from 2023 to 2029.

Safran, UTC, Meggitt, Honeywell and Parker Hannifin are the leaders of the Aircraft Wheels industry, which take about 75% market share. Asia Pacific is the major region of the global market, which takes about 35% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Aircraft Wheels market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Main Wheel
Nose Wheel

Segmentation by application
Civil Aircraft
Military Aircraft

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Safran
UTC
Meggit
Honeywell
Parker Hannifin

Key Questions Addressed in this Report

What is the 10-year outlook for the global Aircraft Wheels market?

What factors are driving Aircraft Wheels market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Aircraft Wheels market opportunities vary by end market size?

How does Aircraft Wheels break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.