Europe Aircraft Wheels Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Main Wheel and Nose Wheel), Aircraft Type (Fixed Wing Aircraft, Rotary Wing Aircraft, and UAV), Fit Type (Line Fit and Retrofit), and End-User (Commercial and Military)
Market Introduction
The aircraft wheels market in Europe is segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. In the region, France and Russia are the biggest aircraft manufacturing hubs. Aviation is among the largest industries, which contribute massively to the GDP of the region. Owing to high GDP per capita, air travel is considered the most preferred means of travel among the European population. Furthermore, the presence of robust technological infrastructure and favorable economic conditions have paved the way for the aerospace and aviation industries to flourish in Europe. All these factors are propelling the growth of the aircraft wheels market in Europe. Europe houses manufacturing facilities of a few major aircraft manufacturers, such as Dassault Aviation Airbus, Leonardo, and Thales Group. The presence of such leading players has paved the growth path for military and civil aircraft and helicopters. The existence of various aircraft and helicopter manufacturers in the region is one of the key driving factors for the growth of the aircraft wheels market. As per the Data by European Union Air Transport Statistics and Fight Global 2019, there are over 20,000 flights a day and ~1,000 million passengers flying every year in Europe. Therefore, Europe is considered the world’s busiest airspace. The airlines in the European countries, irrespective of full service or low-cost airlines, are facing extreme pressure for air travel. This is influencing the companies to procure a high number of aircraft.
In Europe, several countries have been experiencing a continuous surge in the number of infected individuals. The European aviation industry is composed of aircraft OEMs, component suppliers, airlines, and MRO service providers. The outbreak of the COVID–19 viruses has affected each aviation business stakeholders' business in the region. Several airlines in the region have postponed the pending aircraft fleet's procurement dates to manage their current operational costs during COVID times and post-COVID times. This move by the airlines has led the aircraft OEMs and component suppliers to suffer economic loss. This factor has had a negative result on the European and international aircraft wheels market players. Airbus, the leading and forerunner in Europe's aircraft production volume, delivered 566 aircraft in 2020, compared to 863 aircraft in 2019. Apart from Airbus, other aircraft OEMs such as Dassault Aviation, Leonardo, Sukhoi, Tupolev, and Ilyushin, among others also faced severe challenge in delivering substantial number of aircraft models to respective customers. This affected the growth aircraft wheels market as the demand for these components declined among the European aircraft manufacturers mentioned above. France, Italy, the UK, and Russia, are among the key countries that have higher number of aircraft manufacturers as well as the worst-hit countries. The severe accentuation in spread of virus has harshly affected the regions aviation stakeholders.
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Market Overview and Dynamics
The aircraft wheels market in Europe is expected to grow from US$ 457.06 million in 2021 to US$ 782.65 million by 2028; it is estimated to grow at a CAGR of 8.0% from 2021 to 2028. With the introduction of carbon-fiber-reinforced composite, aircraft wheel manufacturers are extensively using the material to design and manufacture an aircraft nose wheel. The material is known for its high stiffness and strength, which makes it compatible with an aircraft nose wheel. In addition, the composite material is lighter in weight than aluminum and magnesium alloy. Hence, the carbon-fiber-reinforced plastic (CFRP) based wheel is expected to reduce the mass density of an aircraft. This will result in lower fuel consumption and the aircraft can be operated economically. Also, the range or payload can be increased. At present, aircraft wheel manufacturers are developing aircraft wheels made of CFRP composite. For instance, Fraunhofer LBF is using the CFRP composite to develop nose wheels for an Airbus A320 aircraft. Hence, in the coming years, aircraft wheel manufacturers are expected to use CFRP material increasingly to manufacture aircraft nose wheels. Hence, the rise in use of CFRP composite material for manufacturing aircraft nose wheels are anticipated to grow among aircraft wheel manufacturers and become future trend.
Key Market Segments
In terms of type, the main wheel segment held a larger share in 2020. Based on aircraft type, fixed wing aircraft segment held the largest share in 2020. Based on fit type, retro fit segment held the largest share in 2020. Based on end-user, commercial segment held the largest share in 2020
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the aircraft wheels market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Collins Aerospace; Meggitt PLC; Honeywell International Inc.; Parker Hannifin Corporation; BERINGER AERO; Lufthansa Technik; and Zlin Aircraft a.s among others.
Reasons to buy report
- To understand the Europe aircraft wheels market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe aircraft wheels market
- Efficiently plan M&A and partnership deals in Europe aircraft wheels market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe aircraft wheels market
- Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.
Europe Aircraft Wheels Market Segmentation
Europe Aircraft wheels Market – By Type
- Nose Wheel
- Main Wheel
Europe Aircraft Wheels Market – By Aircraft Type
- Fixed Wing Aircraft
- Rotary Wing Aircraft
- UAV
Europe Aircraft Wheels Market – By Fit Type
- Line Fit
- Retro Fit
Europe Aircraft Wheels Market – By End-user
- Military
- Commercial
Europe Aircraft Wheels Market – By Country
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
Europe Aircraft wheels market – Companies Mentioned
- Collins Aerospace
- Meggitt PLC
- Honeywell International Inc.
- Parker Hannifin Corporation
- BERINGER AERO
- Lufthansa Technik
- Zlin Aircraft a.s
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Aircraft wheels – Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Europe Aircraft wheels market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Boosting volumes of aircraft orders and their deliveries
5.1.2 Raising adoption of lightweight alloy to manufacture aircraft wheels
5.2 Market Restraint
5.2.1 Upgrading life span of aircraft wheels
5.3 Market Opportunity
5.3.1 Broadening application of carbon-fiber-reinforced plastic-based wheels for rotary wing aircraft
5.4 Future Trend
5.4.1 Expanding use of CFRP composite in aircraft nose wheel manufacturing
5.5 Impact Analysis of Drivers and Restraints
6. Europe Aircraft Wheels – Market Analysis
6.1 Europe Aircraft Wheels market Overview
6.1.1 Europe: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)
7. Europe Aircraft Wheels Market Analysis – By Type
7.1 Overview
7.1.1 Europe: Aircraft Wheels Market, by Type
7.2 Nose Wheel
7.2.1 Overview
7.2.2 Nose Wheel: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
7.3 Main Wheel
7.3.1 Overview
7.3.2 Main Wheel: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
8. Europe Aircraft wheels Market Analysis – By Aircraft Type
8.1 Overview
8.1.1 Europe: Aircraft Wheels Market, by Aircraft Type
8.2 Fixed Wing Aircraft
8.2.1 Overview
8.2.2 Fixed Wing Aircraft: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
8.3 Rotary Wing Aircraft
8.3.1 Overview
8.3.2 Rotary Wing Aircraft: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
8.4 UAV
8.4.1 Overview
8.4.2 UAV: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
9. Europe Aircraft wheels Market Analysis – By Fit Type
9.1 Overview
9.1.1 Europe: Aircraft Wheels Market, by Fit Type
9.2 Line Fit
9.2.1 Overview
9.2.2 Line Fit: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
9.3 Retro Fit
9.3.1 Overview
9.3.2 Retro Fit: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
10. Europe Aircraft wheels Market Analysis – By End-user
10.1 Overview
10.1.1 Europe: Aircraft Wheels Market, by End-user
10.2 Military
10.2.1 Overview
10.2.2 Military: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
10.3 Commercial
10.3.1 Overview
10.3.2 Commercial: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
11. Europe Aircraft wheels Market – Country Analysis
11.1 Overview
11.1.1 Europe: Aircraft Wheels Market, by Key Country
11.1.1.1 France: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)
11.1.1.1.1 France: Aircraft Wheels Market, by Type
11.1.1.1.2 France: Aircraft Wheels Market, by Aircraft Type
11.1.1.1.3 France: Aircraft Wheels Market, by Fit Type
11.1.1.1.4 France: Aircraft Wheels Market, by End-user
11.1.1.2 Germany: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)
11.1.1.2.1 Germany: Aircraft Wheels Market, by Type
11.1.1.2.2 Germany: Aircraft Wheels Market, by Aircraft Type
11.1.1.2.3 Germany: Aircraft Wheels Market, by Fit Type
11.1.1.2.4 Germany: Aircraft Wheels Market, by End-user
11.1.1.3 UK: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)
11.1.1.3.1 UK: Aircraft Wheels Market, by Type
11.1.1.3.2 UK: Aircraft Wheels Market, by Aircraft Type
11.1.1.3.3 UK: Aircraft Wheels Market, by Fit Type
11.1.1.3.4 UK: Aircraft Wheels Market, by End-user
11.1.1.4 Italy: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)
11.1.1.4.1 Italy: Aircraft Wheels Market, by Type
11.1.1.4.2 Italy: Aircraft Wheels Market, by Aircraft Type
11.1.1.4.3 Italy: Aircraft Wheels Market, by Fit Type
11.1.1.4.4 Italy: Aircraft Wheels Market, by End-user
11.1.1.5 Russia: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)
11.1.1.5.1 Russia: Aircraft Wheels Market, by Type
11.1.1.5.2 Russia: Aircraft Wheels Market, by Aircraft Type
11.1.1.5.3 Russia: Aircraft Wheels Market, by Fit Type
11.1.1.5.4 Russia: Aircraft Wheels Market, by End-user
11.1.1.6 Rest of Europe: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)
11.1.1.6.1 Rest of Europe: Aircraft Wheels Market, by Type
11.1.1.6.2 Rest of Europe: Aircraft Wheels Market, by Aircraft Type
11.1.1.6.3 Rest of Europe: Aircraft Wheels Market, by Fit Type
11.1.1.6.4 Rest of Europe: Aircraft Wheels Market, by End-user
12. Europe Aircraft wheels market – Covid-19 Impact Analysis
12.1 Overview
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Merger and Acquisition
13.4 New Development
14. COMPANY PROFILES
14.1 Collins Aerospace
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Meggitt PLC
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Honeywell International Inc.
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Parker Hannifin Corporation
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 BERINGER AERO
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Lufthansa Technik
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Zlin Aircraft a.s.
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. Aircraft Models and Required Number of Wheels
Table 2. Boeing and Airbus: Aircraft Order and Delivery Data, 2018, 2019, and 2020
Table 3. Europe Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
Table 4. Europe: Aircraft wheels Market Revenue Share, by Key Country (2020 and 2028)
Table 5. France: Aircraft Wheels Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 6. France: Aircraft Wheels Market, by Aircraft Type–Revenue and Forecast to 2028 (US$ Million)
Table 7. France: Aircraft Wheels Market, by Fit Type–Revenue and Forecast to 2028 (US$ Million)
Table 8. France: Aircraft Wheels Market, by End-user–Revenue and Forecast to 2028 (US$ Million)
Table 9. Germany: Aircraft Wheels Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 10. Germany: Aircraft Wheels Market, by Aircraft Type–Revenue and Forecast to 2028 (US$ Million)
Table 11. Germany: Aircraft Wheels Market, by Fit Type–Revenue and Forecast to 2028 (US$ Million)
Table 12. Germany: Aircraft Wheels Market, by End-user–Revenue and Forecast to 2028 (US$ Million)
Table 13. UK: Aircraft Wheels Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 14. UK: Aircraft Wheels Market, by Aircraft Type–Revenue and Forecast to 2028 (US$ Million)
Table 15. UK: Aircraft Wheels Market, by Fit Type–Revenue and Forecast to 2028 (US$ Million)
Table 16. UK: Aircraft Wheels Market, by End-user–Revenue and Forecast to 2028 (US$ Million)
Table 17. Italy: Aircraft Wheels Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 18. Italy: Aircraft Wheels Market, by Aircraft Type–Revenue and Forecast to 2028 (US$ Million)
Table 19. Italy: Aircraft Wheels Market, by Fit Type–Revenue and Forecast to 2028 (US$ Million)
Table 20. Italy: Aircraft Wheels Market, by End-user–Revenue and Forecast to 2028 (US$ Million)
Table 21. Russia: Aircraft Wheels Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 22. Russia: Aircraft Wheels Market, by Aircraft Type–Revenue and Forecast to 2028 (US$ Million)
Table 23. Russia: Aircraft Wheels Market, by Fit Type–Revenue and Forecast to 2028 (US$ Million)
Table 24. Russia: Aircraft Wheels Market, by End-user–Revenue and Forecast to 2028 (US$ Million)
Table 25. Rest of Europe: Aircraft Wheels Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 26. Rest of Europe: Aircraft Wheels Market, by Aircraft Type–Revenue and Forecast to 2028 (US$ Million)
Table 27. Rest of Europe: Aircraft Wheels Market, by Fit Type–Revenue and Forecast to 2028 (US$ Million)
Table 28. Rest of Europe: Aircraft Wheels Market, by End-user–Revenue and Forecast to 2028 (US$ Million)
Table 29. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Aircraft Wheels Market Segmentation
Figure 2. Europe Aircraft Wheels Market Segmentation – By Country
Figure 3. Europe Aircraft Wheels Market Overview
Figure 4. Europe Aircraft Wheels Market, by Type
Figure 5. Europe Aircraft Wheels Market, by Aircraft Type
Figure 6. Europe Aircraft Wheels Market, by Fit Type
Figure 7. Europe Aircraft Wheels Market, by End-Users
Figure 8. Europe Aircraft Wheels Market, by Country
Figure 9. Porter’s Five Forces Analysis
Figure 10. Aircraft Wheels market- Ecosystem Analysis
Figure 11. Europe Aircraft wheels market Impact Analysis of Drivers and Restraints
Figure 12. Europe: Aircraft wheels Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Europe: Aircraft wheels Market Revenue Share, by Type (2020 and 2028)
Figure 14. Nose Wheel: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Main Wheel: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Europe: Aircraft Wheels Market Revenue Share, by Aircraft Type (2020 and 2028)
Figure 17. Fixed Wing Aircraft: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Rotary Wing Aircraft: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. UAV: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe: Aircraft Wheels Market Revenue Share, by Fit Type (2020 and 2028)
Figure 21. Line Fit: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Retro Fit: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Europe: Aircraft Wheels Market Revenue Share, by End-user (2020 and 2028)
Figure 24. Military: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Commercial: Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Geographic Overview of Europe Aircraft wheels market
Figure 27. Europe: Aircraft wheels Market Revenue Share, by Key Country (2020 and 2028)
Figure 28. France: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 29. Germany: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 30. UK: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 31. Italy: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 32. Russia: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 33. Rest of Europe: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 34. Impact of COVID-19 Pandemic in Europe Country Markets
- Collins Aerospace
- Meggitt PLC
- Honeywell International Inc.
- Parker Hannifin Corporation
- BERINGER AERO
- Lufthansa Technik
- Zlin Aircraft a.s.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe aircraft wheels market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Europe aircraft wheels market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the aircraft wheels market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution