Aircraft Wheels Brakes Market Research Report: Information by Wheel Type (Nose Wheel, Main Landing Gear Wheel), by Brake Type (Carbon Brake, Steel Brake), by End-User (OEM, Aftermarket) by Aircraft Type (Commercial Aircraft, Military Aircraft), and by Region - Forecast till 2027 by MRFR
The aircraft wheels brakes market is estimated to register a CAGR of over 7% during the forecast period of 2018 to 2023.
The key players in the global aircraft wheels brakes market are Safran (France), Lufthansa Technik (Germany), Meggitt Aircraft Braking Systems (US), United Technologies (US), AAR (US), Honeywell International (US), PARKER HANNIFIN CORP (US), Beringer-aero (France), Crane Aerospace Electronics (US), and Grove Aircraft Landing Gear Systems Inc. (US).
The aircraft takeoff and landing operations require a robust maintenance and overhaul of the wheels and brakes. They are vital components that are very essential for the aircraft handling operations, such as take-off, landing, and taxiing. The wheels and brakes are essential to all aircraft ground movements as they have to withstand the large temperature, environmental, and force variations, during every flight operation. With a significant increase in the demand for aircraft in the recent years, it is expected that the global market would grow at a rapid pace, during the forecast period.
The global Aircraft Wheels Brakes Market Revenue has been segmented by wheel type, brake type, end-user, aircraft type, and region. On the basis of wheel type, the aircraft wheels brakes market is divided into nose wheel and main landing gear wheel. In 2017, the main landing gear wheel segment dominated the global market and it is also expected to witness the fastest market growth, during the forecast period. This is primarily because the main landing gear wheel enables the aircraft to takeoff, land, and taxi without any damage to the aircraft. On the basis of brake type, the aircraft wheels brakes market is divided into carbon brake and steel brake. In 2017, the carbon brake segment dominated the global market and it is also expected to witness the fastest market growth, during the forecast period.
This is majorly due to the operational advantages of the carbon brakes such as their longer lives, lighter weight as compared to the steel brakes, high-performance capability, and cost-effectiveness. On the basis of end-user, the aircraft wheels brakes market is divided into OEM and aftermarket. In 2017, the OEM segment dominated the global market, as the market is headed by the four large OEMs, namely: United Technologies, Honeywell, Safran, and Meggitt. It is expected that the aftermarket segment would witness the fastest market growth, during the forecast period, as there has been a rapid growth in the demand for aftermarket services of the aircraft wheels and tires, in the recent years. On the basis of aircraft type, the aircraft wheels brakes market is divided into commercial aircraft and military aircraft. In 2017, the commercial aircraft segment dominated the global market, due to the rapid increase in the commercial aircraft deliveries, in the recent years, and it is expected that the military aircraft segment would witness the fastest market growth, during the forecast period.
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The report provides insights on the following pointers:
Chapter 1 Study Coverage
Chapter 2 Executive Summary
Chapter 3 Aircraft Wheels Brakes Market Competitor Landscape by Players
Chapter 4 Aircraft Wheels Brakes Market Size by Type and Application
Chapter 5 Global and Regional Analysis
Chapter 6 Company Profiles, recent developments, and investments
Chapter 7 Market Opportunities, Challenges, Risks and Influences Factors Analysis
Chapter 8 Value Chain and Sales Channels Analysis with breakthrough product developments
Chapter 9 Research Findings and Conclusion
Chapter 10 Methodology/Research Approach