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Aircraft Wheels Market Report
Aircraft Wheels Market, Dynamics, and Market Analysis
The aircraft wheels market size is expected to reach USD 72.5 million in the foreseeable future.
United Technologies Corporation (The U.S), Beringer Aero U.S.A., Inc. (The U.S), Honeywell International Inc. (The U.S), Parker Hannifin Corporation (The U.S), Aircraft Landing Gear Systems Inc. (The U.S), Meggitt PLC (UK), Magnum Aviation (India), NMG Aerospace (The U.S), Crane Aerospace & Electronics (The U.S) and Grove Aircraft Landing Gear Systems Inc. (The U.S) are among the key players in the aircraft wheels market.
The aircraft wheels market is expected to witness an impressive growth of 3.5% CAGR in the coming years.
Rapid growth of the aviation industry across geographies, Increasing air traffic in developing countries coupled with the rising per capita disposable income of the consumers, growing tourism industry across geographies are the factors driving the growth of aircraft wheels market.
The civil aircraft segment accounted for the largest market share in 2020 and is projected to register significant growth.
North America accounted for the largest market share in 2020 and is projected to grow at a significant CAGR.
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