The aircraft wheels market in South America is expected to grow from US$ 174.07 million in 2021 to US$ 243.55 million by 2028; it is estimated to grow at a CAGR of 4.9% from 2021 to 2028.
The demand for aircraft is rising across the world owing to the rapidly growing airline industry in the developing economies due to continuously increasing demand for passenger airline services. In addition, the aviation industry is undergoing expansion at a rapid pace, recording significant production volumes and deliveries of aircraft (commercial and military) fleets. Specifically, the commercial aviation industry has witnessed tremendous growth in the past few years with the emergence of new low-cost carriers (LCCs) and fleet expansion strategies adopted by the full-service carriers (FSCs). Further, commercial aviation is surging owing to the mounting number of air travel passengers and aircraft procurements. This surge in aircraft production boosts the demand for aircraft wheels. The production volumes of aircraft are continuously rising to bridge the gap between its demand and supply. For instance, Boeing and Airbus received new aircraft orders of 1,008 and 831 in 2018 and 2019, respectively and delivered 806 and 800 aircraft in the given respective years. However, in 2020, the number of aircraft orders and deliveries dipped due to the COVID-19 outbreak. On the other side, with the huge backlogs of aircraft delivery and with the fresh receiving orders, the market is expected to pull back its growth in the post-pandemic era. Furthermore, the demand for line fit wheels is growing with the rising production of aircraft as the main landing gear system consists of multiple wheels. The detailed chart of required wheels for the respective aircraft model is given below in Table 1. Also, Table 2 highlights the count of orders and deliveries of Airbus and Boeing in 2018, 2019, and 2020 along with the total production of military aircraft in the given years.
Brazil has reported the highest number of COVID-19 cases in South America, followed by Peru, Chile, Colombia, and Ecuador, among others. Governments of these countries have taken several actions to protect people and contain COVID-19's spread. Brazil is the largest spender in the aerospace industry and is the only modern aircraft manufacturing country in the region. A majority of the components are imported from the US, China, and European countries. The slowdown in commercial and military aircraft production in the country has impaired the supply chain in Brazil. This has weakened the demand for several components, including aircraft wheels. Thus, the outbreak of COVID-19 has had a harsh impact on the South American aircraft wheels market.
The Europe aircraft wheels market is segmented on the bases of type, aircraft type, fit type, and end-user. Based on aircraft type, the aircraft wheels market is segmented into fixed wing aircraft, rotary wing aircraft, and UAV. The rotary wing aircraft is expected to register the highest CAGR in the market during the forecast period. Rotary wing type aircraft type segment includes military choppers and passenger helicopters. Rotary wing aircraft type is growing at significant rate owing to rising application of helicopters in military, tourism, and medical emergency services are some key factors for its growth. In addition to this, rotary wing aircraft is growing its market share by attracting more passengers by improving its technologies such as better sound proofing and air conditioning amenities inside the helicopter. Also, the rising procurement of chopper by various country's armed forces are propelling the segment growth in aircraft wheel market.
The South 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 South 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 South America 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. South 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. South America Aircraft Wheels market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Burgeoning volumes of aircraft orders and their deliveries
5.1.2 Ramping adoption of lightweight alloy to manufacture aircraft wheels
5.2 Market Restraint
5.2.1 Expanded life span of aircraft wheels
5.3 Market Opportunity
5.3.1 Boosting application of carbon-fiber-reinforced plastic-based wheels for rotary wing aircraft
5.4 Future Trend
5.4.1 Up-scaling use of CFRP composite in aircraft nose wheel manufacturing
5.5 Impact Analysis of Drivers and Restraints
6. South America Aircraft Wheels - Market Analysis
6.1 South America Aircraft Wheels market Overview
6.1.1 South America Aircraft Wheels Market - Revenue, and Forecast to 2028 (US$ Million)
7. South America Aircraft Wheels Market Analysis - By Type
7.1 Overview
7.1.1 South 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. South America Aircraft Wheels Market Analysis - By Aircraft Type
8.1 Overview
8.1.1 South 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. South America Aircraft Wheels Market Analysis - By Fit Type
9.1 Overview
9.1.1 South 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. South America Aircraft Wheels Market Analysis - By End User
10.1 Overview
10.1.1 South 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. South America Aircraft Wheels Market - Country Analysis
11.1 Overview
11.1.1 South America Aircraft Wheels Market, by Key Country
11.1.1.1 Brazil: Aircraft Wheels Market - Revenue, and Forecast to 2028 (US$ Million)
11.1.1.1.1 Brazil: Aircraft Wheels Market, by Type
11.1.1.1.2 Brazil: Aircraft Wheels Market, by Aircraft Type
11.1.1.1.3 Brazil: Aircraft Wheels Market, by Fit Type
11.1.1.1.4 Brazil: Aircraft Wheels Market, by End User
11.1.1.2 Argentina: Aircraft Wheels Market - Revenue, and Forecast to 2028 (US$ Million)
11.1.1.2.1 Argentina: Aircraft Wheels Market, by Type
11.1.1.2.2 Argentina: Aircraft Wheels Market, by Aircraft Type
11.1.1.2.3 Argentina: Aircraft Wheels Market, by Fit Type
11.1.1.2.4 Argentina: Aircraft Wheels Market, by End User
11.1.1.3 Rest of SAM: Aircraft Wheels Market - Revenue, and Forecast to 2028 (US$ Million)
11.1.1.3.1 Rest of SAM: Aircraft Wheels Market, by Type
11.1.1.3.2 Rest of SAM: Aircraft Wheels Market, by Aircraft Type
11.1.1.3.3 Rest of SAM: Aircraft Wheels Market, by Fit Type
11.1.1.3.4 Rest of SAM: Aircraft Wheels Market, by End User
12. South 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
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. South America Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
Table 4. South America Aircraft Wheels Market, by Powertrain Type - by Country (UNITS IN MILLION)
Table 5. Brazil: Aircraft Wheels Market, by Type -Revenue and Forecast to 2028 (US$ Million)
Table 6. Brazil: Aircraft Wheels Market, by Aircraft Type-Revenue and Forecast to 2028 (US$ Million)
Table 7. Brazil: Aircraft Wheels Market, by Fit Type-Revenue and Forecast to 2028 (US$ Million)
Table 8. Brazil: Aircraft Wheels Market, by End User-Revenue and Forecast to 2028 (US$ Million)
Table 9. Argentina: Aircraft Wheels Market, by Type -Revenue and Forecast to 2028 (US$ Million)
Table 10. Argentina: Aircraft Wheels Market, by Aircraft Type-Revenue and Forecast to 2028 (US$ Million)
Table 11. Argentina: Aircraft Wheels Market, by Fit Type-Revenue and Forecast to 2028 (US$ Million)
Table 12. Argentina: Aircraft Wheels Market, by End User-Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of SAM: Aircraft Wheels Market, by Type -Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of SAM: Aircraft Wheels Market, by Aircraft Type-Revenue and Forecast to 2028 (US$ Million)
Table 15. Rest of SAM: Aircraft Wheels Market, by Fit Type-Revenue and Forecast to 2028 (US$ Million)
Table 16. Rest of SAM: Aircraft Wheels Market, by End User-Revenue and Forecast to 2028 (US$ Million)
Table 17. List of Abbreviation
LIST OF FIGURES
Figure 1. South America Aircraft Wheels Market Segmentation
Figure 2. South America Aircraft Wheels Market Segmentation - By Country
Figure 3. South America Aircraft Wheels Market Overview
Figure 4. South America Aircraft Wheels Market, by Type
Figure 5. South America Aircraft Wheels Market, by Aircraft Type
Figure 6. South America Aircraft Wheels Market, by Fit Type
Figure 7. South America Aircraft Wheels Market, by End-Users
Figure 8. South America Aircraft Wheels Market, by Country
Figure 9. Porter's Five Forces Analysis
Figure 10. Aircraft Wheels market- Ecosystem Analysis
Figure 11. South America Aircraft wheels market Impact Analysis of Drivers and Restraints
Figure 12. South America Aircraft wheels Market - Revenue and Forecast to 2028 (US$ Million)
Figure 13. South 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. South 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. South America 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. South 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 South America Aircraft wheels market
Figure 27. South America Aircraft wheels Market Revenue Share, by Key Country (2020 and 2028)
Figure 28. Brazil: Aircraft Wheels Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 29. Argentina: Aircraft Wheels Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 30. Rest of SAM: Aircraft Wheels Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 31. Impact of COVID-19 Pandemic in South America Countries
The List of Companies - South America Aircraft Wheels Market
- Collins Aerospace
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