Middle East and Africa 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 the MEA is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The rest of MEA comprises Egypt, Turkey, Iran, Israel, Algeria, Nigeria, and Iraq. According to Stockholm International Peace Research Institute (SIPRI), Saudi Arabia is the largest military spender in MEA, and it invested US$ 57.5 billion in this sector in 2020. Turkey, Israel, Iran, and Algeria are among prominent military spenders in the region, after Saudi Arabia. Over the recent years, the civil aviation sectors in countries such as Saudi Arabia, Qatar, the UAE, and Kuwait have matured. According to the Federal Aviation Administration in the Middle East, the aviation industry is experiencing to grow at annual rate of 10%. Similarly, the African countries are experiencing growth in the aviation industry after rising air passenger count due to advances in the liberalization of air service agreements. The IATA projects are expecting growth in annual passengers by almost 5.9% over the next 20 years, which accounts for more than 300 million additional air passengers. Moreover, the steady growth in passenger traffic and fluctuations in traffic volumes at individual airports are expected to increase the demand for passenger aircraft. Therefore, the aircraft industry is growing sustainably. In addition, government initiatives in trade, tourism, and other transport sectors in different regions are boosting the development and employment in these sectors. A few of the leading aircraft manufacturers in the region are Israel Aerospace Industries, Elbit Systems Ltd., and Turkish Aerospace Industries. To meet the demands of customers, these manufacturers strive to pace up their manufacturing facilities and production lines. This factor is propelling the growth of the aircraft wheels market in MEA. Further, the rise in aircraft fleet would reflect a surge in MRO activities, which is anticipated to bolster the aircraft wheels market growth during the forecast period.
The MEA aircraft wheels market is majorly affected by the disruption in the supply chain. Pertaining to the closure of borders of countries, the supply chain of several components of aircraft have been disturbed. Thus, the demand for aircraft wheels have also has declined significantly. This has resulted in a loss of business among the aircraft wheels market players offering their products to respective customers in the MEA region. South Africa has few aircraft manufacturers; hence, they generate the demand for aircraft wheels in the country. The widespread COVID – 19 viruses have led the manufacturers to suspend their operations or operate with a minimal workforce temporarily. This has weakened the demand for aircraft components, thereby hindering the aircraft wheels market in the country. Additionally, the disruption in the supply chain of aircraft wheels raw materials due to the pandemic, the aircraft wheels business is expected to have an adverse effect on the aircraft wheels market in the country.
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Market Overview and Dynamics
The aircraft wheels market in Middle East & Africa is expected to grow from US$ 93.12 million in 2021 to US$ 119.14 million by 2028; it is estimated to grow at a CAGR of 3.6% from 2021 to 2028. The conventional aircraft wheels are made of magnesium alloys. However, in modern times, manufacturers are increasingly exploring lightweight materials to manufacture aircraft wheels to attain great durability and low maintenance. Also, an aircraft wheel made of lightweight alloys helps an aircraft manufacturer achieve an optimum fuel efficiency level by reducing some portion of aircraft weight. Thus, in the wake of new technological developments in aircraft wheels, the manufacturers are extensively using various types of aluminum alloys to make the wheels light in weight and with better corrosion resistance. For instance, UTC Aerospace Systems (UTAS) is exploring a silver-based aluminum alloy to develop an aircraft wheel. The strength of new wheels made of silver-based aluminum is expected to increase by about 20%. In addition, the new silver-based aluminum alloy is projected to increase damage tolerance by around 70% owing to its stiffness and improved corrosion resistance. The silver-based aluminum variant is also likely to make the aircraft wheel lighter and reduce maintenance downtime. Hence, the rising adoption of lightweight alloys to manufacture aircraft wheel drives the growth of the aircraft wheels market.
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 Middle East & Africa 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; and Lufthansa Technik among others.
Reasons to buy report
- To understand the Middle East & Africa 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 Middle East & Africa aircraft wheels market
- Efficiently plan M&A and partnership deals in Middle East & Africa 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 Middle East & Africa aircraft wheels market
- Obtain market revenue forecast for market by various segments from 2021-2028 in Middle East & Africa region.
Middle East & Africa Aircraft Wheels Market Segmentation
Middle East & Africa Aircraft wheels Market – By Type
- Nose Wheel
- Main Wheel
Middle East & Africa Aircraft Wheels Market – By Aircraft Type
- Fixed Wing Aircraft
- Rotary Wing Aircraft
- UAV
Middle East & Africa Aircraft Wheels Market – By Fit Type
- Line Fit
- Retro Fit
Middle East & Africa Aircraft Wheels Market – By End-user
- Military
- Commercial
Middle East & Africa Aircraft Wheels Market – By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
Middle East & Africa Aircraft wheels market – Companies Mentioned
- Collins Aerospace
- Meggitt PLC
- Honeywell International Inc.
- Parker Hannifin Corporation
- BERINGER AERO
- Lufthansa Technik
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. Middle East & Africa 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. Middle East & Africa Aircraft wheels market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Expanding volumes of aircraft orders and their deliveries
5.1.2 Advanced adoption of lightweight alloy to manufacture aircraft wheels
5.2 Market Restraint
5.2.1 Growing life span of aircraft wheels
5.3 Market Opportunity
5.3.1 Burgeoning application of carbon-fiber-reinforced plastic-based wheels for rotary wing aircraft
5.4 Future Trend
5.4.1 Rising use of CFRP composite in aircraft nose wheel manufacturing
5.5 Impact Analysis of Drivers and Restraints
6. Middle East & Africa Aircraft Wheels – Market Analysis
6.1 Middle East & Africa Aircraft Wheels market Overview
6.1.1 Middle East and Africa: Aircraft wheels Market – Revenue and Forecast to 2028 (US$ Million)
7. Middle East and Africa Aircraft Wheels Market Analysis – By Type
7.1 Overview
7.1.1 Middle East and Africa: 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. Middle East & Africa Aircraft wheels Market Analysis – By Aircraft Type
8.1 Overview
8.1.1 Middle East & Africa: 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. Middle East & Africa Aircraft wheels Market Analysis – By Fit Type
9.1 Overview
9.1.1 Middle East & Africa: 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. Middle East & Africa Aircraft wheels Market Analysis – By End User
10.1 Overview
10.1.1 Middle East & Africa: 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. Middle East & Africa Aircraft wheels Market – Country Analysis
11.1 Overview
11.1.1 MEA: Aircraft Wheels Market, by Key Country
11.1.1.1 South Africa: Aircraft wheels Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 South Africa: Aircraft Wheels Market, by Type
11.1.1.1.2 South Africa: Aircraft Wheels Market, by Aircraft Type
11.1.1.1.3 South Africa: Aircraft Wheels Market, by Fit Type
11.1.1.1.4 South Africa: Aircraft Wheels Market, by End User
11.1.1.2 UAE: Aircraft wheels Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 UAE: Aircraft Wheels Market, by Type
11.1.1.2.2 UAE: Aircraft Wheels Market, by Aircraft Type
11.1.1.2.3 UAE: Aircraft Wheels Market, by Fit Type
11.1.1.2.4 UAE: Aircraft Wheels Market, by End User
11.1.1.3 Saudi Arabia: Aircraft wheels Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 Saudi Arabia: Aircraft Wheels Market, by Type
11.1.1.3.2 Saudi Arabia: Aircraft Wheels Market, by Aircraft Type
11.1.1.3.3 SAUDI ARABIA: Aircraft Wheels Market, by Fit Type
11.1.1.3.4 SAUDI ARABIA: Aircraft Wheels Market, by End User
11.1.1.4 Rest of MEA: Aircraft wheels Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.1 Rest of MEA: Aircraft Wheels Market, by Type
11.1.1.4.2 Rest of MEA: Aircraft Wheels Market, by Aircraft Type
11.1.1.4.3 Rest of MEA: Aircraft Wheels Market, by Fit Type
11.1.1.4.4 Rest of MEA: Aircraft Wheels Market, by End User
12. Middle East & Africa 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
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. Middle East and Africa Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)
Table 4. MEA: Aircraft Wheels Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 5. South Africa: Aircraft Wheels Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. South Africa: Aircraft Wheels Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. SOUTH AFRICA: Aircraft Wheels Market, by Fit Type–Revenue and Forecast to 2028 (US$ Million)
Table 8. South Africa: Aircraft Wheels Market, by End User–Revenue and Forecast to 2028 (US$ Million)
Table 9. UAE: Aircraft Wheels Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. UAE: Aircraft Wheels Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. UAE: Aircraft Wheels Market, by Fit Type–Revenue and Forecast to 2028 (US$ Million)
Table 12. UAE: Aircraft Wheels Market, by End User–Revenue and Forecast to 2028 (US$ Million)
Table 13. Saudi Arabia: Aircraft Wheels Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. Saudi Arabia: Aircraft Wheels Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. SAUDI ARABIA: Aircraft Wheels Market, by Fit Type–Revenue and Forecast to 2028 (US$ Million)
Table 16. SAUDI ARABIA: Aircraft Wheels Market, by End User–Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of MEA: Aircraft Wheels Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of MEA: Aircraft Wheels Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of MEA: Aircraft Wheels Market, by Fit Type–Revenue and Forecast to 2028 (US$ Million)
Table 20. Rest of MEA: Aircraft Wheels Market, by End User–Revenue and Forecast to 2028 (US$ Million)
Table 21. List of Abbreviation
LIST OF FIGURES
Figure 1. Middle East & Africa Aircraft Wheels Market Segmentation
Figure 2. Middle East & Africa Aircraft Wheels Market Segmentation – By Country
Figure 3. Middle East & Africa Aircraft Wheels Market Overview
Figure 4. Middle East & Africa Aircraft Wheels Market, by Type
Figure 5. Middle East & Africa Aircraft Wheels Market, by Aircraft Type
Figure 6. Middle East & Africa Aircraft Wheels Market, by Fit Type
Figure 7. Middle East & Africa Aircraft Wheels Market, by End-Users
Figure 8. Middle East & Africa Aircraft Wheels Market, by Country
Figure 9. Porter’s Five Forces Analysis
Figure 10. Aircraft Wheels market- Ecosystem Analysis
Figure 11. Middle East & Africa Aircraft wheels market Impact Analysis of Drivers and Restraints
Figure 12. Middle East and Africa: Aircraft wheels Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Middle East and Africa: 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. Middle East & Africa: 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. Middle East & Africa: 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. Middle East & Africa: 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 Middle East & Africa Aircraft wheels market
Figure 27. MEA: Aircraft wheels Market Revenue Share, by Key Country (2020 and 2028)
Figure 28. South Africa: Aircraft wheels Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. UAE: Aircraft wheels Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Saudi Arabia: Aircraft wheels Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Rest of MEA: Aircraft wheels Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Impact of COVID-19 Pandemic in Middle East and Africa Countries
- Collins Aerospace
- Meggitt PLC
- Honeywell International Inc.
- Parker Hannifin Corporation
- BERINGER AERO
- Lufthansa Technik
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa 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