Report : North America Helicopter Landing Gear Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type ( Skids and Wheels ), Material ( Aluminum Landing Gear Set, Steel Landing Gear Set, Composite Landing Gear Set, and Titanium Landing Gear Set ), and Application ( Civil Helicopter and Military Helicopter )
Skids Segment to Dominate North America Helicopter Landing Gear Market during 2020–2028
According to a new market research study on “North America Helicopter Landing Gear Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Material, and Application” is expected to reach US$ 1,626.67 million by 2028 from 1,245.82 US$ million in 2021. The market is estimated to grow at a CAGR of 3.9% from 2021 to 2028. The report provides trends prevailing in the North America helicopter landing gear market along with the drivers and restraints pertaining to the market growth. Increase in helicopter production is the major factor driving the growth of the North America helicopter landing gear market. However, issues associated with landing gear design and development hinders the growth of North America helicopter landing gear market.
The North America helicopter landing gear market is segmented into Type, material, and application. Based on type, the helicopter landing gear are segmented into skids and wheeled. The skids segment held the largest market share in 2020. Based on material, the helicopter landing gear market is segmented into aluminum landing gear set, steel landing gear set, composite landing gear set, and titanium landing gear set. The composite landing gear set segment dominated the market in 2020. Based on application, the helicopter landing gear market is segmented into civil helicopter and military helicopter. Military helicopter segment held the largest market share in 2020.
North America is known for having the highest rate of advanced technology adoption due to favorable government policies that foster innovation and enhance infrastructural abilities. As a result, every factor affecting the region's industrial performance obstructs its economic development. The US has become the world's worst-affected country due to the COVID-19 outbreak, causing governments to impose several limitations on industrial, commercial, and public activities in the country in attempt to contain the disease's spread. Despite the stoppage of activity in several industries, the closure of major manufacturing units, and people’s reluctance about joining the work floors, governments of several Countries in North America have maintained their defense spending levels. For instance, the defense spending in the US reached US$ 778 billion in 2020, with a yearly increase on 4.4%. As a result, the COVID-19 pandemic and its consequences are posing a minimal impact on the helicopter landing gear market in North America.
APPH; CIRCOR AEROSPACE, INC.; Dart Aerospace; Eurocarbon B.V.; LIEBHERR-INTERNATIONAL DEUTSCHLAND GMBH; Safran; ST ENGINEERING; and Trelleborg Group are among the leading companies in the North America helicopter landing gear market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Liebherr-Canada announced the opening of a new branch in Sudbury, to enhance service to customers throughout northern Ontario. This continues Liebherr’s expansion in the Canadian market.
The report segments the North America Helicopter Landing Gear Market follows:
North America Helicopter Landing Gear Market – By Type
North America Helicopter Landing Gear Market – By Material
- Aluminum Landing Gear Set
- Steel Landing Gear Set
- Composite Landing Gear Set
- Titanium Landing Gear Set
North America Helicopter Landing Gear Market – By Application
- Civil Helicopter
- Military Helicopter
North America Helicopter Landing Gear Market – By Country
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