Aerospace And Defense Wheel Market Report
Aerospace and Defense Wheel Market is Segmented by Aircraft Type (Commercial Aircraft, Regional Aircraft, General Aircraft, and Military Aircraft), by End Use (OEM, Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Aerospace and Defense Wheel Market is Segmented by Aircraft Type (Commercial Aircraft, Regional Aircraft, General Aircraft, and Military Aircraft), by End Use (OEM, Aftermarket), and by Region (North Am...
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
The global aerospace and defense wheel market offers a good growth opportunity and is likely to grow at >5% CAGR during the forecast period of 2020 to 2025. Increasing passenger traffic, increasing commercial aircraft deliveries, growing aircraft fleet size, increase in share of wide body aircraft, etc. are some of the key growth drivers of the global aerospace and defense wheel market.
Commercial aircraft is expected to remain growth engine of the global aerospace and defense wheel market during the forecast period. Both OEM and aftermarket segments are likely to offer healthy opportunity in the next five years.
North America is expected to remain the largest market for wheels due to manufacturing base of largest commercial OEM, Boeing and increasing retrofit market. However, during the next five years, Asia Pacific is expected to grow at the highest rate.
Trend & Forecast Period
>5% CAGR During 2020-2025
North America, Europe, Asia-Pacific, Rest of the World
Figures & Tables
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The market is segmented in the following ways:
The supply chain of this market comprises raw material suppliers, wheel manufacturers, distributors, Aircraft OEMs, and Airlines.
The key aerospace OEMs are-
and key airlines are-
The global aerospace and defense wheel market is a highly consolidated market.
The key wheel manufacturers are-
New product development, regional expansion, and long term contacts are the key strategies adopted by the key players to gain competitive edge in the market.
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This report, from Stratview Research, studies the aerospace and defense wheel market over the period 2014 to 2025. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Driven by a number of factors like Increasing passenger traffic & increasing commercial aircraft deliveries, the aerospace and defense wheel market is expected to witness an impressive growth of 5.0% CAGR During 2016-21.
Meggitt Aircraft Braking Systems, Honeywell Aerospace, Parker, Safran Landing Systems (Messier-Buggatti-Dowty), and UTC Aerospace Systems. are among the key players in the aerospace and defense wheel market.
North America is expected to remain the largest market during the forecast period of 2016-21.
Some of the factors driving the growth of aerospace & defense wheel market are increasing passenger traffic, increasing commercial aircraft deliveries, growing aircraft fleet size, increase in share of wide body aircraft, etc.
Commercial aircraft is expected to remain growth engine in the aerospace & defense wheel market in the coming years.
The supply chain of aerospace & defense wheel market comprises raw material suppliers, wheel manufacturers, distributors, Aircraft OEMs, and Airlines.
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