The “Commercial Aircraft Landing Gear Market“ Report provides comprehensive information on the top of market owners, their annual transactions, the stability of their actions and the strategies used to attract the activity. Commercial Aircraft Landing Gear Market report also highlights some of the rules and regulations that have been established by the governing bodies of some countries that can stimulate and restrict commercial activities in certain parts of the world. The information includes the company profile, annual turnover, the types of products and services they provide, income generation, which provide direction to businesses to take important steps.
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Commercial Aircraft Landing Gear Market study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
The commercial aircraft landing gear market is anticipated to register a CAGR of over 5% during the forecast period.
Increase in the number of orders for new aircraft is primarily driving the market.
Growing demand for lightweight landing gear is forcing manufacturers to adopt new techniques and materials for the parts and components of the landing gear.
New aircraft programs in the Asia-Pacific region will offer new opportunities for the landing gear manufacturers to expand in this region.
Scope of the Report
Landing gear is the undercarriage of an aircraft that offers support when the aircraft is not flying, allowing it to take off, land, and taxi without damage. Commercial aircraft have retractable undercarriages to reduce drag during flight. The study includes the entire landing gear system and parts, such as oleo struts, torque links, actuator, wheel, and axle, among others. Tires are not included within the scope of the study.
Key Market Trends
The Narrow-body Aircraft Segment is Expected to Dominate the Commercial Aircraft Landing Gear Market
In the past decade, low-cost carriers increased their market presence, and they currently hold a share of over 30% in the commercial aviation market. LCC operators prefer single-aisle aircraft, as they operate on shorter routes and also have low-profit margin. With the growing focus on connecting smaller airports to enhance a country’s air network, airlines are procuring narrow-body aircraft and regional jets that are efficient as well as economic on short haul flights. Of the 1,606 aircraft delivered by Airbus and Boeing together in 2018, the majority of the aircraft were narrow-body aircraft. Nose landing gear configuration is similar for a narrow-body and a wide-body aircraft; however, the main landing gear configuration differs. For instance, an A320 family of aircraft has 6 wheels in [1*2]+[2*2] configuration whereas A380 has 22 wheels in [1*2]+[2*4+2*6] configuration.
North America and Europe held a Major Share in the Commercial Aircraft Landing Gear Market in 2018
Boeing and Airbus are the two major commercial aircraft OEMs and they are based in the United States and France, respectively. The US aviation market is a matured market and it currently has the largest aircraft fleet. Majority of the aircraft assembly is carried out in the United States and France. However, in terms of new aircraft demand, the Asia-Pacific market seems to be lucrative. As China has newly introduced its C919 aircraft in the commercial market and has received over 800 orders, a huge demand for landing gear system is anticipated to be generated from this region in the coming years.
Landing gear system is a vital part of the aircraft, and currently, it has no substitutes. With the growing number of orders for new aircraft, a simultaneous demand is likely to be generated for the landing gear system as well. The market is highly competitive and major players are significantly investing in R&D to develop lightweight landing gear systems, which can further reduce the overall weight of the aircraft and make it more fuel-efficient. Héroux-Devtek, Safran, Honeywell International, and Triumph Group are the major players in the commercial aircraft landing gear market.
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Commercial Aircraft Landing Gear Market Analyse according to leading players, Competitive landscape, geographical regions, top manufacturers, types, and applications forecast over a period of 2019 to 2024. Geographically, this report is divided into many key Regions, with production, consumption, revenue (million USD), market share and rate of Commercial Aircraft Landing Gear Market 2019 in these regions, from 2018 to 2024 (forecast), covering: North America, China, Europe, Japan, Southeast Asia, India.
The Objectives of this report are:
- To define, describe, and analyze the Commercial Aircraft Landing Gear market on the basis of product type, application, and region
- To forecast and analyze the size of the Commercial Aircraft Landing Gear market (in terms of value) in six key regions, namely, Asia Pacific, Western Europe, Central & Eastern Europe, North America, the Middle East & Africa, and South America
- To forecast and analyze the Commercial Aircraft Landing Gear market at country-level in each region
- To strategically analyze each submarket with respect to individual growth trends and its contribution to the Commercial Aircraft Landing Gear market
- To analyze opportunities in the Commercial Aircraft Landing Gear market for stakeholders by identifying high-growth segments of the market
Key Questions Answered in Commercial Aircraft Landing Gear market report:
- What will the market size be in 2024 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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Commercial Aircraft Landing Gear Market Report Provides Comprehensive Analysis as Following:
Market segments and sub-segments
Market size & shares
Market trends and dynamics
Market Drivers and Opportunities
Market Analysis and Segmentation
Supply and demand
Technological inventions in Commercial Aircraft Landing Gear trade
Marketing Channel Development Trend
Commercial Aircraft Landing Gear Market Positioning
Distributors/Traders List enclosed in Positioning Commercial Aircraft Landing Gear Market
Commercial Aircraft Landing Gear Market report provides you a visible, one-stop breakdown of the leading product, submarkets and market leader’s revenue forecasts till 2024. In conclusion, Commercial Aircraft Landing Gear Market 2019 report presents the descriptive analysis of the Commercial Aircraft Landing Gear Market Major Key-players, Types, Application and Forecast Period knowledge which is able to function a profitable guide for all the Commercial Aircraft Landing Gear Market competitors.
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