The aircraft wheels market in Asia Pacific is expected to grow from US$ 376.52 million in 2021 to US$ 718.03 million by 2028; it is estimated to grow at a CAGR of 9.7% from 2021 to 2028.
With the introduction of carbon-fiber-reinforced composite, aircraft wheel manufacturers are extensively using this material to design and manufacture an aircraft nose wheel. The material is known for its high stiffness and strength, which makes it compatible with an aircraft nose wheel. In addition, the composite material is lighter in weight than aluminum and magnesium alloy. Hence, the CFRP based wheels are anticipated to reduce the mass density of aircraft. This will result in lower fuel consumption and economic operations of aircraft, which further allows the aircraft manufacturers to increase the range or payload. Fraunhofer LBF is using the CFRP composites to develop nose wheels for Airbus A320 aircraft. Hence, the use of CFRP composite material for manufacturing aircraft nose wheels is anticipated emerge as a significant trend among aircraft wheel manufacturers.
The COVID-19 outbreak has resulted in a massive financial loss in Asia Pacific. The governments in Asia Pacific countries have been continuously taking possible steps to reduce its effects by announcing lockdown and physical distancing measures (post lockdown), which has been hindering the aircraft manufacturing industry. China is one of the leading aerospace manufacturing countries in the region, and it was also one of most affected countries in Asia Pacific during Q1 and Q2 of 2020. Due to this, aircraft and aircraft component manufacturing facilities in the country experience severe effects. Airbus and Boeing manufacturing facilities in China were shut down for a longer period. Further, India, Australia, Japan, and South Korea are still combating the virus. However, the countries have eased the lockdown measures, which is reflecting the resumption of manufacturing facilities. Nonetheless, the remarkable lower volumes of air travel passengers is still contributing to the lower demands for various components among the aircraft OEMs.
The Asia Pacific aircraft wheels market is segmented on the bases of type, aircraft type, fit type, and end-user. Based on fit type, the market is segmented into line fit and retrofit. In 2020, the retrofit segment held a larger share in the market. The retrofitting of wheels is planned at certain intervals to ensure an optimum level of safety of aircraft. The growth of the market for the retrofit segment is attributed to the rising demand for aircraft maintenance, repairing and overhauling (MRO) services. Furthermore, the rising MRO services in developing countries is expected to foster the demand for retrofit as the given countries are experiencing significant demand for airline services.
The Asia Pacific aircraft wheels market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast of the Asia Pacific aircraft wheels market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data as well as to gain more analytical insights into the topic. The participants typically involved in this process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Asia Pacific aircraft wheels market. Collins Aerospace; Meggitt PLC; Honeywell International Inc.; Parker Hannifin Corporation; BERINGER AERO; and Lufthansa Technik are among the leading companies operating in the market in this region.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Aircraft wheels - Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Asia Pacific Aircraft wheels market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Elevating volumes of aircraft orders and their deliveries
5.1.2 Thriving adoption of lightweight alloy to manufacture aircraft wheels
5.2 Market Restraint
5.2.1 Widening life span of aircraft wheels
5.3 Market Opportunity
5.3.1 Amplifying application of carbon-fiber-reinforced plastic-based wheels for rotary wing aircraft
5.4 Future Trend
5.4.1 Accelerated use of CFRP composite in aircraft nose wheel manufacturing
5.5 Impact Analysis of Drivers and Restraints
6. Asia Pacific Aircraft Wheels - Market Analysis
6.1 Asia Pacific Aircraft Wheels market Overview
6.1.1 Asia Pacific: Aircraft wheels Market - Revenue and Forecast to 2028 (US$ Million)
7. Asia Pacific Aircraft Wheels Market Analysis - By Type
7.1 Overview
7.2 Aircraft Wheels Market, By Type (2020 And 2028)
7.2.1 Asia Pacific: Aircraft Wheels Market, by Type
7.3 Nose Wheel
7.3.1 Overview
7.3.2 Nose Wheel: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
7.4 Main Wheel
7.4.1 Overview
7.4.2 Main Wheel: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
8. Asia Pacific Aircraft wheels Market Analysis - By Aircraft Type
8.1 Overview
8.1.1 Asia Pacific: Aircraft Wheels Market, by Aircraft Type
8.2 Fixed Wing Aircraft
8.2.1 Overview
8.2.2 Fixed Wing Aircraft: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
8.3 Rotary Wing Aircraft
8.3.1 Overview
8.3.2 Rotary Wing Aircraft: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
8.4 UAV
8.4.1 Overview
8.4.2 UAV: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
9. Asia Pacific Aircraft wheels Market Analysis - By Fit Type
9.1 Overview
9.1.1 Asia Pacific: Aircraft Wheels Market, by Fit Type
9.2 Line Fit
9.2.1 Overview
9.2.2 Line Fit: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
9.3 Retro Fit
9.3.1 Overview
9.3.2 Retro Fit: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
10. Asia Pacific Aircraft wheels Market Analysis - By End User
10.1 Overview
10.1.1 Asia Pacific: Aircraft Wheels Market, By End User
10.2 Military
10.2.1 Overview
10.2.2 Military: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
10.3 Commercial
10.3.1 Overview
10.3.2 Commercial: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
11. Asia Pacific Aircraft wheels Market - Country Analysis
11.1 Overview
11.1.1 Asia Pacific: Aircraft Wheels Market, by Key Country
11.1.1.1 China: Aircraft wheels Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 China: Aircraft Wheels Market, by Type
11.1.1.1.2 China: Aircraft Wheels Market, by Aircraft Type
11.1.1.1.3 China: Aircraft Wheels Market, by Fit Type
11.1.1.1.4 China: Aircraft Wheels Market, by End User
11.1.1.2 Japan: Aircraft wheels Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 Japan: Aircraft Wheels Market, by Type
11.1.1.2.2 Japan: Aircraft Wheels Market, by Aircraft Type
11.1.1.2.3 Japan: Aircraft Wheels Market, by Fit Type
11.1.1.2.4 Japan: Aircraft Wheels Market, by End User
11.1.1.3 India: Aircraft wheels Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 India: Aircraft Wheels Market, by Type
11.1.1.3.2 India: Aircraft Wheels Market, by Aircraft Type
11.1.1.3.3 India: Aircraft Wheels Market, by Fit Type
11.1.1.3.4 India: Aircraft Wheels Market, by End User
11.1.1.4 South Korea: Aircraft wheels Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.1 South Korea: Aircraft Wheels Market, by Type
11.1.1.4.2 South Korea: Aircraft Wheels Market, by Aircraft Type
11.1.1.4.3 South Korea: Aircraft Wheels Market, by Fit Type
11.1.1.4.4 South Korea: Aircraft Wheels Market, by End User
11.1.1.5 Australia: Aircraft wheels Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.5.1 Australia: Aircraft Wheels Market, by Type
11.1.1.5.2 Australia: Aircraft Wheels Market, by Aircraft Type
11.1.1.5.3 Australia: Aircraft Wheels Market, by Fit Type
11.1.1.5.4 Australia: Aircraft Wheels Market, by End User
11.1.1.6 Rest of Asia Pacific: Aircraft wheels Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.6.1 Rest of Asia Pacific: Aircraft Wheels Market, by Type
11.1.1.6.2 Rest of Asia Pacific: Aircraft Wheels Market, by Aircraft Type
11.1.1.6.3 Rest of Asia Pacific: Aircraft Wheels Market, by Fit Type
11.1.1.6.4 Rest of Asia Pacific: Aircraft Wheels Market, by End User
12. Asia Pacific Aircraft wheels market - Covid-19 Impact Analysis
12.1 Overview
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Merger and Acquisition
13.4 New Development
14. COMPANY PROFILES
14.1 Collins Aerospace
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Meggitt PLC
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Honeywell International Inc.
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Parker Hannifin Corporation
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 BERINGER AERO
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Lufthansa Technik
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. Aircraft Models and Required Number of Wheels
Table 2. Boeing and Airbus: Aircraft Order and Delivery Data, 2018, 2019, and 2020
Table 3. Asia Pacific Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
Table 4. Asia Pacific: Aircraft Wheels Market, by Country - Revenue and Forecast to 2028 (US$ Million)
Table 5. China: Aircraft Wheels Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 6. China: Aircraft Wheels Market, by Aircraft Type - Revenue and Forecast to 2028 (US$ Million)
Table 7. CHINA: Aircraft Wheels Market, by Fit Type-Revenue and Forecast to 2028 (US$ Million)
Table 8. China: Aircraft Wheels Market, by End User-Revenue and Forecast to 2028 (US$ Million)
Table 9. Japan: Aircraft Wheels Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 10. Japan: Aircraft Wheels Market, by Aircraft Type - Revenue and Forecast to 2028 (US$ Million)
Table 11. JAPAN: Aircraft Wheels Market, by Fit Type-Revenue and Forecast to 2028 (US$ Million)
Table 12. Japan: Aircraft Wheels Market, by End User-Revenue and Forecast to 2028 (US$ Million)
Table 13. India: Aircraft Wheels Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 14. India: Aircraft Wheels Market, by Aircraft Type - Revenue and Forecast to 2028 (US$ Million)
Table 15. INDIA: Aircraft Wheels Market, by Fit Type-Revenue and Forecast to 2028 (US$ Million)
Table 16. India: Aircraft Wheels Market, by End User-Revenue and Forecast to 2028 (US$ Million)
Table 17. South Korea: Aircraft Wheels Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 18. South Korea: Aircraft Wheels Market, by Aircraft Type - Revenue and Forecast to 2028 (US$ Million)
Table 19. SOUTH KOREA: Aircraft Wheels Market, by Fit Type-Revenue and Forecast to 2028 (US$ Million)
Table 20. South Korea: Aircraft Wheels Market, by End User-Revenue and Forecast to 2028 (US$ Million)
Table 21. Australia: Aircraft Wheels Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 22. Australia: Aircraft Wheels Market, by Aircraft Type - Revenue and Forecast to 2028 (US$ Million)
Table 23. AUSTRALIA: Aircraft Wheels Market, by Fit Type-Revenue and Forecast to 2028 (US$ Million)
Table 24. Australia: Aircraft Wheels Market, by End User-Revenue and Forecast to 2028 (US$ Million)
Table 25. Rest of Asia Pacific: Aircraft Wheels Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 26. Rest of Asia Pacific: Aircraft Wheels Market, by Aircraft Type - Revenue and Forecast to 2028 (US$ Million)
Table 27. REST OF Asia Pacific: Aircraft Wheels Market, by Fit Type-Revenue and Forecast to 2028 (US$ Million)
Table 28. Rest of Asia Pacific: Aircraft Wheels Market, by End User-Revenue and Forecast to 2028 (US$ Million)
Table 29. List of Abbreviation
LIST OF FIGURES
Figure 1. Asia Pacific Aircraft Wheels Market Segmentation
Figure 2. Asia Pacific Aircraft Wheels Market Segmentation - By Country
Figure 3. Asia Pacific Aircraft Wheels Market Overview
Figure 4. Asia Pacific Aircraft Wheels Market, by Type
Figure 5. Asia Pacific Aircraft Wheels Market, by Aircraft Type
Figure 6. Asia Pacific Aircraft Wheels Market, by Fit Type
Figure 7. Asia Pacific Aircraft Wheels Market, by End-Users
Figure 8. Asia Pacific Aircraft Wheels Market, by Country
Figure 9. Porter's Five Forces Analysis
Figure 10. Aircraft Wheels market- Ecosystem Analysis
Figure 11. Asia Pacific Aircraft wheels market Impact Analysis of Drivers and Restraints
Figure 12. Asia Pacific: Aircraft wheels Market - Revenue and Forecast to 2028 (US$ Million)
Figure 13. Asia Pacific: Aircraft wheels Market Revenue Share, by Type (2020 and 2028)
Figure 14. Nose Wheel: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Main Wheel: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Asia Pacific: Aircraft wheels Market Revenue Share, by Aircraft Type (2020 and 2028)
Figure 17. Fixed Wing Aircraft: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Rotary Wing Aircraft: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. UAV: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Asia Pacific: Aircraft wheels Market Revenue Share, by Fit Type (2020 and 2028)
Figure 21. Line Fit: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Retro Fit: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Asia Pacific: Aircraft wheels Market Revenue Share, by End User (2020 and 2028)
Figure 24. Military: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Commercial: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Geographic Overview of Asia Pacific Aircraft wheels market
Figure 27. Asia Pacific: Aircraft wheels Market Revenue Share, by Key Country (2020 and 2028)
Figure 28. China: Aircraft wheels Market - Revenue and Forecast to 2028 (US$ Million)
Figure 29. Japan: Aircraft wheels Market - Revenue and Forecast to 2028 (US$ Million)
Figure 30. India: Aircraft wheels Market - Revenue and Forecast to 2028 (US$ Million)
Figure 31. South Korea: Aircraft wheels Market - Revenue and Forecast to 2028 (US$ Million)
Figure 32. Australia: Aircraft wheels Market - Revenue and Forecast to 2028 (US$ Million)
Figure 33. Rest of Asia Pacific: Aircraft wheels Market - Revenue and Forecast to 2028 (US$ Million)
Figure 34. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
The List of Companies - Asia Pacific Aircraft Wheels Market
- Collins Aerospace
Portable Military Equipment Market Forec..
MARKET OVERVIEW
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