Global Commercial Aircraft Wheels Market 2019-2023

Below are some of the key findings from the commercial aircraft wheels industry analysis

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Global commercial aircraft wheels industry overview

Commercial aircraft wheels industry growth is expected to rise over the next five years, driven by the growing demand for commercial aircraft across the globe. The global commercial aviation industry is expanding rapidly in tandem with increasing air traffic at both international and domestic levels. Several emerging economies from the APAC region are driving the growth of the commercial aviation market, owing to the surge in domestic and international air travel which is boosting the demand for narrow-body aircraft. Factors such as improving socio-economic conditions and social infrastructure coupled with high demand from Tier-2 and Tier-3 cities and increased affordability of traveling by air are expected to boost the growth of commercial aviation in APAC countries.

The demand for wide-body aircraft is also forecasted to rise significantly over the next five years, especially in the Middle-East, which will fuel the growth of the global commercial aircraft wheels market. With rapid technological advancements, high-performance magnesium alloys are being increasingly used to enhance the structural rigidity and lower the weight of aircraft wheels. The greater use of high-performance magnesium alloys in aircraft wheel manufacturing will drive the commercial aircraft wheels market to grow at a CAGR of close to 4% during the forecast period.

Top commercial aircraft wheel companies covered in this market research report

The commercial aircraft wheels market is reasonably fragmented. Many established commercial aircraft wheel companies are vying for their share of the global commercial aircraft wheels market, and the new players must differentiate themselves to gain vital traction over their peers. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this commercial aircraft wheels industry analysis report will allow the clients to identify new growth opportunities and design innovative strategies for improving their share in the market.

The report offers a complete analysis of various commercial aircraft wheel manufacturers including:

• Héroux-Devtek
• Honeywell International
• LIEBHERR
• Meggitt
• Safran
• United Technologies

Commercial aircraft wheels market segmentation based on geographic regions

• Americas
• APAC
• EMEA

With a complete study of the growth opportunities for the commercial aircraft wheel companies, our industry research analysts have estimated the Americas will contribute to the highest growth of this market throughout the forecast period. The presence of the US, one of the largest aviation markets in the world with considerable demand for domestic and international air travel is one of the primary reasons for high growth of the commercial aircraft wheels market in this region.

Commercial aircraft wheels market segmentation based on application type

• Narrow body aircraft
• Wide body aircraft
• Regional jets

The narrow body aircraft application segment will account for the largest share in the commercial aircraft wheels market. Additionally, the report also provides an accurate prediction of the contribution of the various product segments to the growth of the commercial aircraft wheels market size.

Key highlights of the global commercial aircraft wheels market for the forecast years 2019-2023:

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the commercial aircraft wheels market during the next five years
• Precise estimation of the global commercial aircraft wheels market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the commercial aircraft wheels industry across various geographies such as the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on factors that will challenge the growth of commercial aircraft wheel companies

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