The aircraft wheels market in North America is expected to grow from US$ 603.49 million in 2021 to US$ 906.17 million by 2028; it is estimated to grow at a CAGR of 6.0% from 2021 to 2028.
The conventional aircraft wheels are made of magnesium alloys. However, in modern times, manufacturers are increasingly exploring lightweight materials to manufacture aircraft wheels to attain great durability and low maintenance. Also, the aircraft wheels made of lightweight alloys help aircraft manufacturers achieve an optimum fuel efficiency level by reducing the weight of aircraft to some extent. Thus, in the wake of new technological developments in aircraft wheels, the manufacturers are extensively using various types of aluminum alloys to make the wheels lighter and confer better corrosion resistance to them. UTC Aerospace Systems (UTAS) is exploring a silver-based aluminum alloy to develop an aircraft wheel. The strength of new wheels is expected to increase by ~20%. In addition, the new silver-based aluminum alloy is projected to increase damage tolerance by ~70% owing to its stiffness and improved corrosion resistance. The silver-based aluminum variant is also likely to reduce maintenance downtime, alongside making the wheels lighter. Hence, the rising adoption of lightweight alloys to manufacture aircraft wheel drives the growth of the aircraft wheels market.
The US is the worst-hit North American country by the COVID-19 pandemic. The continuous rise in number of infected individuals led governments to impose lockdown across the nation's borders in Q2 and Q3 of 2020. The majority of the manufacturing plants were either temporarily shut or operated with minimum staff; the aircraft OEMs, and associated components product manufacturers witnessed disruption in supply chain. Since the US has a larger density of manufacturers of aircraft, and aircraft-associated technologies and components, than Canada and Mexico, the outbreak has severely affected the production. The lower number of manufacturing staff has resulted in lesser production quantity. Boeing, an aviation giant, has witnessed a significant fall in order and production volumes, which is one of the key factors restraining the aircraft wheels market growth. Apart from Boeing, several other aircraft OEMs such as Bombardier, Textron, and Gulfstream also experienced tremors of COVID-19. From the supply side, the region has higher numbers of aircraft wheels market players. The restricted workforce, supply chain disruptions, and limited order volumes have shaken the aircraft wheels market performance in North America.
The North America aircraft wheels market is segmented on the bases of type, aircraft type, fit type, and end-user. Based on type, the market is segmented into nose wheel and main wheel. In 2020, main wheel segment held the largest share of the market. Main wheel of an aircraft is one of the significant components of landing gears as it facilitates structural strength to aircraft during its landing and takeoff. The main wheels of aircraft are designed in two pieces to make them stiffer and more capable of absorbing the landing forces. Aircraft main wheels are manufactured from either aluminum forgings, aluminum castings, or magnesium castings. Furthermore, the number of main wheels units required in any aircraft is larger than the nose wheels. The main wheels segment is expected register a notable CAGR in the market during the forecast period owing to rise in number of landing and takeoffs of each aircraft due to increased demand of airline services; this propels the maintenance, repairing, and overhauling (MRO) service requirements, thus adding to the demand for wheels.
The North America 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 North America 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 North America aircraft wheels market. Collins Aerospace; Meggitt PLC; Honeywell International Inc.; Parker Hannifin Corporation; BERINGER AERO; Lufthansa Technik; Grove Aircraft Landing Gear System Inc.; MATCO Manufacturing Inc.; and NMG Aerospace 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. North America 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. North America Aircraft wheels market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Up-scaling volumes of aircraft orders and their deliveries
5.1.2 Surging adoption of lightweight alloy to manufacture aircraft wheels
5.2 Market Restraint
5.2.1 Raising life span of aircraft wheels
5.3 Market Opportunity
5.3.1 Advance application of carbon-fiber-reinforced plastic-based wheels for rotary wing aircraft
5.4 Future Trend
5.4.1 Growing use of CFRP composite in aircraft nose wheel manufacturing
5.5 Impact Analysis of Drivers and Restraints
6. North America Aircraft Wheels - Market Analysis
6.1 North America Aircraft Wheels market Overview
6.1.1 North America: Aircraft Wheels Market - Revenue, and Forecast to 2028 (US$ Million)
7. North America Aircraft Wheels Market Analysis - By Type
7.1 Overview
7.1.1 North America: Aircraft Wheels Market, by Type
7.2 Nose Wheel
7.2.1 Overview
7.2.2 Nose Wheel: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
7.3 Main Wheel
7.3.1 Overview
7.3.2 Main Wheel: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
8. North America Aircraft wheels Market Analysis - By Aircraft Type
8.1 Overview
8.1.1 North America: 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. North America Aircraft wheels Market Analysis - By Fit Type
9.1 Overview
9.1.1 North America: 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. North America Aircraft wheels Market Analysis - By End-user
10.1 Overview
10.1.1 North America: 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. North America Aircraft wheels Market - Country Analysis
11.1 North America
11.1.1 North America: Aircraft Wheels Market, by Key Country
11.1.1.1 US: Aircraft Wheels Market - Revenue, and Forecast to 2028 (US$ Million)
11.1.1.1.1 US: Aircraft Wheels Market, by Type
11.1.1.1.2 US: Aircraft Wheels Market, by Aircraft Type
11.1.1.1.3 US: Aircraft Wheels Market, by Fit Type
11.1.1.1.4 US: Aircraft Wheels Market, by End-user
11.1.1.2 Canada: Aircraft Wheels Market - Revenue, and Forecast to 2028 (US$ Million)
11.1.1.2.1 Canada: Aircraft Wheels Market, by Type
11.1.1.2.2 Canada: Aircraft Wheels Market, by Aircraft Type
11.1.1.2.3 Canada: Aircraft Wheels Market, by Fit Type
11.1.1.2.4 Canada: Aircraft Wheels Market, by End-user
11.1.1.3 Mexico: Aircraft Wheels Market - Revenue, and Forecast to 2028 (US$ Million)
11.1.1.3.1 Mexico: Aircraft Wheels Market, by Type
11.1.1.3.2 Mexico: Aircraft Wheels Market, by Aircraft Type
11.1.1.3.3 Mexico: Aircraft Wheels Market, by Fit Type
11.1.1.3.4 Mexico: Aircraft Wheels Market, by End-user
12. North America 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
14.7 Grove Aircraft Landing Gear System Inc
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 MATCO Manufacturing Inc
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 NMG Aerospace
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 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. North America Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
Table 4. North America: Aircraft wheels Market Revenue Share, by Key Country (2020 and 2028)
Table 5. US: Aircraft Wheels Market, by Type -Revenue and Forecast to 2028 (US$ Million)
Table 6. US: Aircraft Wheels Market, by Aircraft Type-Revenue and Forecast to 2028 (US$ Million)
Table 7. US: Aircraft Wheels Market, by Fit Type-Revenue and Forecast to 2028 (US$ Million)
Table 8. US: Aircraft Wheels Market, by End-user-Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: Aircraft Wheels Market, by Type -Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: Aircraft Wheels Market, by Aircraft Type-Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada: Aircraft Wheels Market, by Fit Type-Revenue and Forecast to 2028 (US$ Million)
Table 12. Canada: Aircraft Wheels Market, by End-user-Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico: Aircraft Wheels Market, by Type -Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico: Aircraft Wheels Market, by Aircraft Type-Revenue and Forecast to 2028 (US$ Million)
Table 15. Mexico: Aircraft Wheels Market, by Fit Type-Revenue and Forecast to 2028 (US$ Million)
Table 16. Mexico: Aircraft Wheels Market, by End-user-Revenue and Forecast to 2028 (US$ Million)
Table 17. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Aircraft Wheels Market Segmentation
Figure 2. North America Aircraft Wheels Market Segmentation - By Country
Figure 3. North America Aircraft Wheels Market Overview
Figure 4. North America Aircraft Wheels Market, by Type
Figure 5. North America Aircraft Wheels Market, by Aircraft Type
Figure 6. North America Aircraft Wheels Market, by Fit Type
Figure 7. North America Aircraft Wheels Market, by End-Users
Figure 8. North America Aircraft Wheels Market, by Country
Figure 9. Porter's Five Forces Analysis
Figure 10. Aircraft Wheels market- Ecosystem Analysis
Figure 11. North America Aircraft wheels market Impact Analysis of Drivers and Restraints
Figure 12. North America: Aircraft wheels Market - Revenue and Forecast to 2028 (US$ Million)
Figure 13. North America: 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. North America: 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. North America: AIRCRAFT WHEELS TMARKET 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. North America: 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 North America Aircraft wheels market
Figure 27. North America: Aircraft wheels Market Revenue Share, by Key Country (2020 and 2028)
Figure 28. US: Aircraft Wheels Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 29. Canada: Aircraft Wheels Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 30. Mexico: Aircraft Wheels Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 31. Impact of COVID-19 Pandemic in North America Country Markets
The List of Companies - North America Aircraft Wheels Market
- Collins Aerospace
Global Attack Helicopters Market Develop..
The attack helicopter is a type of armed helicopter. Its mai..
+16467917070US (Toll Free)