Aircraft wheels market

Aircraft Wheels Market Gain Impetus due to the
Growing Demand over 2028
©2015 Future Market Insights, All Rights Reserved
Report Id : REP-GB-7150
Status : Ongoing
Category : Automotive & Transportation

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Aircraft Wheels Market: Introduction
Aircraft wheels are generally overlooked yet important component of an aircraft landing gear system
providing the necessary structural strength and support to the tyres. These components take up the
major load of an aircraft during taxing, take-off and landing. It has become imperative in the current
scenario that aircraft wheels be made as light as possible while still retaining maximum structural
strength in order to achieve low fuel consumption. Modern aircraft wheels are typically manufactured by
casting or forging process employing two part structure that are combined together to form a wheel.
Aircraft wheels differ slightly in design from automotive wheels owing to the fact these have to
accommodate multiple disc brake variants.
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Aircraft Wheels Market
©2015 Future Market Insights, All Rights Reserved 4

Aircraft Wheels Market: Dynamics
Affordability, high disposable income among the consumers and increase in number of airports are some
of the primary reasons that has influenced the growth of air travel across numerous economies. The
demand for air travel is likely to increase in the upcoming years on the backdrop of increasing number of
working class population and general need of cheap conveyance from one place to another. As per the
reports published by two major aircraft manufacturers, the demand for new commercial aircrafts is
expected to improve by more than two hundred percent in the next twenty years coupled by above
average growth of passengers which can lead to fruitful prospects for the aircraft wheels market. More
than half of the global population are expected to travel by air at least once in 2018 as per reports
published by IATA (International Air Transport Association) leading to airline operators to order more
aircrafts further strengthening the growth of aircraft wheels market. Sales of aircraft wheels through the
aftermarket segment is also estimated to register a positive growth owing to improvements witnessed in
aircraft MRO ((Maintenance, Repair and Overhaul) services further benefitting the growth of aircraft
wheels market. Another factor that has been the driving force of aircraft wheels market is the trend of
major airline operators to regularly lease their aged aircraft fleet to smaller operators, who in turn resort
to total refurbishment of the aircraft.

It is no secret that aircraft manufactures takes up a large chunk of lead time, monetary investments,
planning among others. These factors can affect the production of aircraft leading to increased order to
delivery ratio creating backlogs. This can act as a restraint to the growth of aircraft wheels leading to
delayed delivery of the components and payments. Another that cannot be undermined is the lack of
well-knit supply chain that can deter the growth of the aircraft wheels market in the forecast period.
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Aircraft Wheels Market: Market Participants
Below are some of the players in the global Aircraft Wheels market, identified within the value chain:
United Technologies Corporation,Beringer Aero U.S.A., Inc.,Honeywell International Inc.,Parker Hannifin
Corporation,Aircraft Landing Gear Systems Inc. & Meggitt PLC
The above are some of the largest operators in the market providing aircraft wheels to the original
equipment manufacturers while small scale players contribute a very small percentage to the total
aircraft wheels market.
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Aircraft wheels market

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