Europe Aircraft Wheels MRO Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Wheel Type (Nose Wheel and Main Wheel), Aircraft Type (Narrowbody Aircraft, Widebody Aircraft, General Aviation Aircraft, Military Aircraft, and Helicopter), and Technology (Inspection, Non-destructive Testing, Machining, and Others)

Code: TIPRE00026096 | Pages: 110 | Industry: Aerospace and Defense | Date: Nov 2021
Covid

Market Introduction

The aircraft wheels MRO market in Europe is further segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. With more than 20,000 flights a day and ~500 million passengers flying every year, Europe has the world’s busiest airspace. The region is a tourism hotspot and a home to several business capitals, which makes air travel a preferred means of transport. Further, high GDP per capita, well-established aerospace infrastructure, and favorable aviation-related economic policies are among the prime factors driving the aviation industry in the region, which subsequently driving the aircraft wheels MRO market. The demand for modern aircraft in the commercial and military aircraft fleets in the region is also bolstering the market for aircraft wheels MRO market growth. The airlines in Europe need to adhere to the stringent rules and regulations set by European Aviation Safety Agency (EASA) to ensure passenger safety. Aircraft MRO aids in the maintenance process, thereby improving the reliability and productivity of the aircraft. Further, various inorganic and organic strategies adopted by market players, such as partnerships and acquisitions, are fueling the aircraft wheels MRO market growth in Europe. These strategies help them establish strong relationships with other suppliers. For example, Lufthansa Technik, the largest MRO service provider in Germany, teamed up with Collins Aerospace, a US-based aerospace and defense products supplier, to provide maintenance services for the main landing gear of the Airbus A380. In March 2020, TP Aerospace opened its first wheels MRO workshop in Moscow, Russia. In January 2021, Bombardier completed the acquisition of 160,000 sq. ft. MRO facility in Berlin, Germany, which from Lufthansa Technik and ExecuJet Aviation Group. In June 2021, Airbus Helicopter announced the acquisition of ZF Luftfahrttechnik to strengthen its MRO capabilities. Moreover, in March 2019, SR Technics announced the renewal of its wheels services contract with SWISS.

In case of COVID-19, Europe is highly affected specially France and Russia. The region is expected to suffer an economic hit due to the lack of revenue from various industries, as several other countries such as the UK, Germany, and Italy has also recorded the large no. of coronavirus cases. Additionally, with the outbreak of another variant of COVID-19 in the UK, the aircraft wheels MRO market is expected to get hampered. European countries have a substantial number of airline operators across respective territories. Owing to the severity of the situation, the aircraft wheels MRO manufacturers operating in the countries are experiencing substantially lesser orders, which is hampering the aircraft MRO manufacturer’s business. This, in turn, is ultimately negatively affecting the aircraft wheels MRO market in the region. The A380 passenger aircraft were discontinued during the COVID-19 pandemic as most of these aircraft were grounded due to their high passenger capacity and low fuel efficiency, compared to smaller aircraft. The vacant seats and low passenger count shifted the airlines toward narrow-body aircraft. Airbus A380 is one of the largest revenue-generating aircraft for the MRO market; hence, its discontinuation due to the COVID-19 crisis in 2020 has affected the market growth. For instance, in February 2021, Lufthansa Group also initiated the strategy to replace A380 and 747 with new smaller type aircraft due to consequence of the low air transportation in 2020.


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Market Overview and Dynamics

The Europe aircraft wheels MRO market is expected to grow from US$ 168.12 million in 2021 to US$ 261.47 million by 2028; it is estimated to grow at a CAGR of 6.5% from 2021 to 2028. With the rapidly growing aviation industry from the last few years, the demand for aircraft wheels MRO services is also increasing. Emerging economies in the region are showcasing a significant rise in the adoption of MRO services for the components of commercial and military aircraft, including aircraft wheels. The well-established MRO hubs produce large revenues from the services provided for aircraft wheels. Further, several airlines observe substantial growth in passenger counts, which is compelling them to operate their aircraft fleet for extended periods. The flying frequency is directly proportional to the demand for MRO activities, involving the repair or replacement of wheels and other aircraft components. Additionally, countries such as UK, Germany, and Russia are witnessing a surge in aircraft wheels MRO services due to the rise in demand for passenger airline services. Thus, the growth in the number of aircraft MRO service providers and increase in aircraft fleet volumes is creating a favorable business environment for the aircraft wheels MRO market players and driving the Europe market growth.

Key Market Segments

In terms of wheel type, the main wheel segment accounted for the largest share of the Europe aircraft wheels MRO market in 2020. In terms of aircraft type, the narrowbody aircraft segment held a larger market share of the Europe aircraft wheels MRO market in 2020. Further, the non-destructive testing segment held a larger share of the Europe aircraft wheels MRO market based on technology in 2020.  

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the Europe aircraft wheels MRO market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are AAR CORP, Air Atlanta Aviaservices, AMETEK Inc., Lufthansa Technik, Röder Präzision GmbH, Technic Aviation, TP Aerospace., and World Aero.

Reasons to buy report

  • To understand the Europe aircraft wheels MRO 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 MRO market
  • Efficiently plan M&A and partnership deals in Europe aircraft wheels MRO 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 MRO market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region

Europe Aircraft Wheels MRO Market Segmentation

Europe Aircraft Wheels MRO Market - By Wheel Type

  • Nose Wheel
  • Main Wheel

Europe Aircraft Wheels MRO Market - By Aircraft Type

  • Narrowbody Aircraft
  • Widebody Aircraft   
  • General Aviation Aircraft
  • Military Aircraft
  • Helicopter

Europe Aircraft Wheels MRO Market - By Technology

  • Inspection
  • Non-destructive Testing
  • Machining
  • Others

Europe Aircraft Wheels MRO Market - By Country

  • France
  • Germany
  • UK
  • Italy
  • Russia 
  • Rest of Europe

Europe Aircraft Wheels MRO Market - Company Profiles 

  • AAR CORP
  • Air Atlanta Aviaservices
  • AMETEK Inc. 
  • Lufthansa Technik
  • Röder Präzision GmbH
  • Technic Aviation
  • TP Aerospace.
  • World Aero

TABLE OF CONTENTS

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 MRO 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 MRO Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Escalating Demand of Passenger Airline Services

5.1.2        Surging MRO Activities in Several Economies

5.2         Market Restraints

5.2.1        Evolving Specifications of Aircraft Wheels

5.3         Market Opportunities

5.3.1        Rising Strategic Tie-Ups for Defense Aircraft Wheels MRO Services

5.4         Future Trends

5.4.1        Growing Partnerships, Acquisitions, and Strategic Collaborations

5.5         Impact Analysis of Drivers and Restraints

6.           Aircraft Wheels MRO Market – Europe Analysis

6.1         Europe Aircraft Wheels MRO Market Overview

6.2         Europe Aircraft Wheel MRO Market Revenue Forecast and Analysis

7.           Europe Aircraft Wheels MRO Market Analysis – By Wheel Type

7.1         Overview

7.2         Europe Aircraft Wheels MRO Market, By Wheel Type (2020 and 2028)

7.3         Nose Wheel

7.3.1        Overview

7.3.2        Nose Wheel: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

7.4         Main Wheel

7.4.1        Overview

7.4.2        Main Wheel: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

8.           Europe Aircraft Wheels MRO Market Analysis – By Aircraft Type

8.1         Overview

8.2         Europe Aircraft Wheels MRO Market, by Aircraft Type (2020 and 2028)

8.3         Narrowbody Aircraft

8.3.1        Overview

8.3.2        Narrowbody Aircraft: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

8.4         Widebody Aircraft

8.4.1        Overview

8.4.2        Widebody Aircraft: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

8.5         General Aviation Aircraft

8.5.1        Overview

8.5.2        General Aviation Aircraft: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

8.6         Military Aircraft

8.6.1        Overview

8.6.2        Military Aircraft: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

8.7         Helicopter

8.7.1        Overview

8.7.2        Helicopter: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

9.           Europe Aircraft Wheels MRO Market Analysis – By Technology

9.1         Overview

9.2         Europe Aircraft Wheels MRO Market, By Technology (2020 and 2028)

9.3         Inspection

9.3.1        Overview

9.3.2        Inspection: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

9.4         Non-destructive Testing

9.4.1        Overview

9.4.2        Non-destructive Testing: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

9.5         Machining

9.5.1        Overview

9.5.2        Machining: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

9.6         Others

9.6.1        Overview

9.6.2        Others: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

10.        Europe Aircraft Wheels MRO Market – Country Analysis

10.1      Overview

10.1.1     Europe: Aircraft Wheels MRO Market, by Key Country

10.1.1.1       Germany: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1       Germany: Aircraft Wheels MRO Market, By Wheel Type

10.1.1.1.2       Germany: Aircraft Wheels MRO Market, by Aircraft Type

10.1.1.1.3       Germany: Aircraft Wheels MRO Market, by Technology

10.1.1.2       UK: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1       UK: Aircraft Wheels MRO Market, By Wheel Type

10.1.1.2.2       UK: Aircraft Wheels MRO Market, by Aircraft Type

10.1.1.2.3       UK: Aircraft Wheels MRO Market, by Technology

10.1.1.3       France: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1       France: Aircraft Wheels MRO Market, By Wheel Type

10.1.1.3.2       France: Aircraft Wheels MRO Market, by Aircraft Type

10.1.1.3.3       France: Aircraft Wheels MRO Market, by Technology

10.1.1.4       Italy: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.4.1       Italy: Aircraft Wheels MRO Market, By Wheel Type

10.1.1.4.2       Italy: Aircraft Wheels MRO Market, by Aircraft Type

10.1.1.4.3       Italy: Aircraft Wheels MRO Market, by Technology

10.1.1.5       Russia: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.5.1       Russia: Aircraft Wheels MRO Market, By Wheel Type

10.1.1.5.2       Russia: Aircraft Wheels MRO Market, by Aircraft Type

10.1.1.5.3       Russia: Aircraft Wheels MRO Market, by Technology

10.1.1.6       Rest of Europe: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.6.1       Rest of Europe: Aircraft Wheels MRO Market, By Wheel Type

10.1.1.6.2       Rest of Europe: Aircraft Wheels MRO Market, by Aircraft Type

10.1.1.6.3       Rest of Europe: Aircraft Wheels MRO Market, by Technology

11.        Europe Aircraft Wheels MRO Market - COVID-19 Impact Analysis

11.1      Europe: Impact Assessment of COVID-19 Pandemic

12.        Industry Landscape

12.1      Overview

12.2      Market Initiative

13.        Company Profiles

13.1      AAR CORP

13.1.1     Key Facts

13.1.2     Business Description

13.1.3     Products and Services

13.1.4     Financial Overview

13.1.5     SWOT Analysis

13.1.6     Key Developments

13.2      Air Atlanta Aviaservices

13.2.1     Key Facts

13.2.2     Business Description

13.2.3     Products and Services

13.2.4     Financial Overview

13.2.5     SWOT Analysis

13.2.6     Key Developments

13.3      AMETEK Inc.

13.3.1     Key Facts

13.3.2     Business Description

13.3.3     Products and Services

13.3.4     Financial Overview

13.3.5     SWOT Analysis

13.3.6     Key Developments

13.4      Lufthansa Technik

13.4.1     Key Facts

13.4.2     Business Description

13.4.3     Products and Services

13.4.4     Financial Overview

13.4.5     SWOT Analysis

13.4.6     Key Developments

13.5      Röder Präzision GmbH

13.5.1     Key Facts

13.5.2     Business Description

13.5.3     Products and Services

13.5.4     Financial Overview

13.5.5     SWOT Analysis

13.5.6     Key Developments

13.6      Technic Aviation

13.6.1     Key Facts

13.6.2     Business Description

13.6.3     Products and Services

13.6.4     Financial Overview

13.6.5     SWOT Analysis

13.6.6     Key Developments

13.7      TP Aerospace.

13.7.1     Key Facts

13.7.2     Business Description

13.7.3     Products and Services

13.7.4     Financial Overview

13.7.5     SWOT Analysis

13.7.6     Key Developments

13.8      World Aero

13.8.1     Key Facts

13.8.2     Business Description

13.8.3     Products and Services

13.8.4     Financial Overview

13.8.5     SWOT Analysis

13.8.6     Key Developments

14.        Appendix

14.1      About The Insight Partners

14.2      Word Index

LIST OF TABLES

Table 1.             Europe Aircraft Wheels MRO Market Revenue and Forecast to 2028 (US$ Million)

Table 2.             Europe: Aircraft Wheels MRO Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 3.             Germany: Aircraft Wheels MRO Market, By Wheel Type – Revenue and Forecast to 2028 (US$ Million)

Table 4.             Germany: Aircraft Wheels MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)

Table 5.             Germany: Aircraft Wheels MRO Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 6.             UK: Aircraft Wheels MRO Market, By Wheel Type – Revenue and Forecast to 2028 (US$ Million)

Table 7.             UK: Aircraft Wheels MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)

Table 8.             UK: Aircraft Wheels MRO Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 9.             France: Aircraft Wheels MRO Market, By Wheel Type – Revenue and Forecast to 2028 (US$ Million)

Table 10.          France: Aircraft Wheels MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)

Table 11.          France: Aircraft Wheels MRO Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 12.          Italy: Aircraft Wheels MRO Market, By Wheel Type – Revenue and Forecast to 2028 (US$ Million)

Table 13.          Italy: Aircraft Wheels MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)

Table 14.          Italy: Aircraft Wheels MRO Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 15.          Russia: Aircraft Wheels MRO Market, By Wheel Type – Revenue and Forecast to 2028 (US$ Million)

Table 16.          Russia: Aircraft Wheels MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)

Table 17.          Russia: Aircraft Wheels MRO Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 18.          Rest of Europe: Aircraft Wheels MRO Market, By Wheel Type – Revenue and Forecast to 2028 (US$ Million)

Table 19.          Rest of Europe: Aircraft Wheels MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)

Table 20.          Rest of Europe: Aircraft Wheels MRO Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 21.          List of Abbreviation

LIST OF FIGURES

Figure 1.           Europe Aircraft Wheels MRO Market Segmentation

Figure 2.           Europe Aircraft Wheels MRO Market Segmentation – By Country

Figure 3.           Europe Aircraft Wheels MRO Market Overview

Figure 4.           Europe Aircraft Wheels MRO Market, By Wheel Type

Figure 5.           Europe Aircraft Wheels MRO Market, By Aircraft Type

Figure 6.           Europe Aircraft Wheels MRO Market, By Technology

Figure 7.           Europe Aircraft Wheels MRO Market, By Country

Figure 8.           Porter’s Five Forces Analysis

Figure 9.           Europe Aircraft wheel MRO Market- Ecosystem Analysis

Figure 10.        Europe Aircraft wheel MRO Market Impact Analysis of Drivers and Restraints

Figure 11.        Europe Aircraft Wheels MRO Market Revenue Forecast and Analysis (US$ Million)

Figure 12.        Europe Aircraft Wheels MRO Market Revenue Share, by Wheel Type (2020 and 2028)

Figure 13.        Europe Nose Wheel: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14.        Europe Main Wheel: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15.        Europe Aircraft Wheels MRO Market Revenue Share, by Aircraft Type (2020 and 2028)

Figure 16.        Europe Narrowbody Aircraft: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17.        Europe Widebody Aircraft: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18.        Europe General Aviation Aircraft: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19.        Europe Military Aircraft: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20.        Europe Helicopter: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21.        Europe Aircraft Wheels MRO Market Revenue Share, by Technology (2020 and 2028)

Figure 22.        Europe Inspection: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.        Europe Non-destructive Testing: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        Europe Machining: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25.        Europe Others: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26.        Europe: Aircraft Wheels MRO Market Revenue Overview, by Country (2020) (US$ Mn)

Figure 27.        Europe: Aircraft Wheels MRO Market Revenue Share, by Key Country (2020 and 2028)

Figure 28.        Germany: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29.        UK: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30.        France: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31.        Italy: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32.        Russia: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33.        Rest of Europe: Aircraft Wheels MRO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 34.        Impact of COVID-19 Pandemic in Europe Country Markets

  1. AAR CORP
  2. Air Atlanta Aviaservices
  3. AMETEK Inc.
  4. Lufthansa Technik
  5. Röder Präzision GmbH
  6. Technic Aviation
  7. TP Aerospace.
  8. World Aero
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe aircraft wheels MRO 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 MRO 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 MRO 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  
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