North America 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)

Code: TIPRE00025277 | Pages: 132 | Industry: Aerospace and Defense | Date: Oct 2021
Covid

Market Introduction

North America is the largest aerospace market in the world owing to the presence of military and commercial aircraft manufactures and MRO service providers. Due to the positive outlook toward the adoption of new technologies coupled with the presence of a skilled workforce, favorable economic policies, and high GDP per capita, the North American aerospace industry has flourished. A few of the leading aircraft manufacturers operating in the region are Northrop Grumman, Gulfstream Aerospace, Boing, Textron, Bombardier, and Lockheed Martin. The manufacturers of wheels and suppliers of these aircraft companies have their manufacturing facilities across the region. Each manufacturing facility produces noteworthy volumes of wheels for various aircraft models. This factor is driving the growth of the aircraft wheels market in North America and is projected to offer growth opportunities for the market players during the forecast period. Canadian and US-based airlines, such as Delta Air Lines, American Airlines, Air Canada, United Airlines, and Southwest Airlines, have placed numerous orders for commercial aircraft that are scheduled to be delivered between 2021 and 2025. For instance, Delta Airlines placed an order of 95 A220 aircraft, out of which 12 A220 aircraft were supplied in May 2020 and the rest are scheduled to be delivered by the end of 2023. United Airlines is focusing on replacing some of its aging Boeing 767s and 757s with new-generation aircraft, such as Boeing 787 or long-range A321LR. Also, Frontier Airlines has ~175 A320 family aircraft on orders. Such developments and rising orders for commercial aircraft are positively favoring the line fit aircraft wheel businesses in North America and subsequently propelling the growth of the aircraft wheels market.

The US is the worst-hit country in North America. The continuous growth of infected individuals has led the government to impose lockdown across the nation's borders during Q2 and Q3 of 2020. The majority of the manufacturing plants either were temporarily shut or operated with minimum staff; the aircraft OEMs and aircraft components and associated product manufacturers witnessed disruption in supply chain; these are some of the North American countries' critical issues. Since the US has a larger density of aircraft manufacturers and aircraft associated technology and component manufacturers, followed by Canada and Mexico. The outbreak of the virus has severely affected the production of each. The lower number of manufacturing staff has resulted in lesser production quantity. From the aircraft OEM’s perspective, Boeing, the aviation giant in the region, has witnessed a significant fall in orders and production, which is one of the key restraining factors for the aircraft line fit wheels market. Apart from Boeing, several other aircraft OEMs such as Bombardier, Textron, and Gulfstream, among others, also experienced tremors of COVID–19 on their orders and production lines. From the supply side, the region has higher numbers of aircraft wheels market players. The restricted workforce, disruption in the supply chain, and limited volumes of orders have sternly shaken the aircraft wheels market players in the region.


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Market Overview and Dynamics

The aircraft wheels market in North America is expected to grow from US$ 603.49 million in 2021 to US$ 906.17 million by 2028; it is estimated to grow at a CAGR of 6.0% from 2021 to 2028. Presently, the majority of helicopters wheels are made of metallic light-alloy materials, such as aluminum or magnesium. However, wheels made of carbon-fiber-reinforced plastic (CFRP) are ~30%–40% less in weight than aluminum or magnesium alloy wheels. CFRP wheels are expected to offer improved corrosion resistance and noise, vibration, and harshness (NVH) performance. Also, these wheels are stiffer with improved fatigue life, which will extend their life. Manufacturers have already initiated the designing of CFRP-based wheels for rotary wing aircraft. For instance, in January 2021, Carbon Three-Sixty, an aircraft wheels manufacturing company, began to develop CFRP-based wheels for rotary wing aircraft. The company is expected to complete the wheel designing in the next 18 months. These composite wheels will also be interchangeable with existing wheels to make them suitable for retrofit applications. Hence, with the introduction of carbon-fiber-reinforced plastic-based wheels in rotary wing aircraft, the market is expected to flourish further in the coming years with an opportunity to penetrate the rotary wing aircraft wheels.

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 North America 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; Grove Aircraft Landing Gear System Inc.; MATCO Manufacturing Inc.; and NMG Aerospace among others. 

Reasons to buy report

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

North America Aircraft Wheels Market Segmentation

 

North America Aircraft wheels Market – By Type

  • Nose Wheel
  • Main Wheel

North America Aircraft Wheels Market – By Aircraft Type

  • Fixed Wing Aircraft
  • Rotary Wing Aircraft
  • UAV

North America Aircraft Wheels Market – By Fit Type

  • Line Fit
  • Retro Fit

North America Aircraft Wheels Market – By End-user

  • Military
  • Commercial

 

North America Aircraft Wheels Market – By Country

  • US
  • Canada  
  • Mexico     

North America Aircraft wheels market – Companies Mentioned

  • Collins Aerospace                                                           
  • Meggitt PLC                                                                     
  • Honeywell International Inc.                                        
  • Parker Hannifin Corporation                                        
  • BERINGER AERO
  • Lufthansa Technik                                                           
  • Grove Aircraft Landing Gear System Inc                      
  • MATCO Manufacturing Inc                                             
  • NMG Aerospace                          

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.            North America 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.            North America Aircraft wheels market – Key Market Dynamics

5.1       Market Drivers

5.1.1        Up-scaling volumes of aircraft orders and their deliveries

5.1.2        Surging adoption of lightweight alloy to manufacture aircraft wheels

5.2       Market Restraint

5.2.1        Raising life span of aircraft wheels

5.3       Market Opportunity

5.3.1        Advance application of carbon-fiber-reinforced plastic-based wheels for rotary wing aircraft

5.4       Future Trend

5.4.1        Growing use of CFRP composite in aircraft nose wheel manufacturing

5.5       Impact Analysis of Drivers and Restraints

6.            North America Aircraft Wheels – Market Analysis

6.1       North America Aircraft Wheels market Overview

6.1.1        North America: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)

7.            North America Aircraft Wheels Market Analysis – By Type

7.1       Overview

7.1.1        North America: 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.            North America Aircraft wheels Market Analysis – By Aircraft Type

8.1       Overview

8.1.1        North America: 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.            North America Aircraft wheels Market Analysis – By Fit Type

9.1       Overview

9.1.1        North America: 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.         North America Aircraft wheels Market Analysis – By End-user

10.1    Overview

10.1.1     North America: 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.         North America Aircraft wheels Market – Country Analysis

11.1    North America

11.1.1     North America: Aircraft Wheels Market, by Key Country

11.1.1.1   US: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)

11.1.1.1.1    US: Aircraft Wheels Market, by Type

11.1.1.1.2    US: Aircraft Wheels Market, by Aircraft Type

11.1.1.1.3    US: Aircraft Wheels Market, by Fit Type

11.1.1.1.4    US: Aircraft Wheels Market, by End-user

11.1.1.2   Canada: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)

11.1.1.2.1    Canada: Aircraft Wheels Market, by Type

11.1.1.2.2    Canada: Aircraft Wheels Market, by Aircraft Type

11.1.1.2.3    Canada: Aircraft Wheels Market, by Fit Type

11.1.1.2.4    Canada: Aircraft Wheels Market, by End-user

11.1.1.3   Mexico: Aircraft Wheels Market – Revenue, and Forecast to 2028 (US$ Million)

11.1.1.3.1    Mexico: Aircraft Wheels Market, by Type

11.1.1.3.2    Mexico: Aircraft Wheels Market, by Aircraft Type

11.1.1.3.3    Mexico: Aircraft Wheels Market, by Fit Type

11.1.1.3.4    Mexico: Aircraft Wheels Market, by End-user

12.         North America 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    Grove Aircraft Landing Gear System Inc

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

14.8    MATCO Manufacturing Inc

14.8.1     Key Facts

14.8.2     Business Description

14.8.3     Products and Services

14.8.4     Financial Overview

14.8.5     SWOT Analysis

14.8.6     Key Developments

14.9    NMG Aerospace

14.9.1     Key Facts

14.9.2     Business Description

14.9.3     Products and Services

14.9.4     Financial Overview

14.9.5     SWOT Analysis

14.9.6     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.            North America Aircraft Wheels Market Revenue and Forecast to 2028 (US$ Million)

Table 4.            North America: Aircraft wheels Market Revenue Share, by Key Country (2020 and 2028)

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

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

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

Table 8.            US: Aircraft Wheels Market, by End-user–Revenue and Forecast to 2028 (US$ Million)

Table 9.            Canada: Aircraft Wheels Market, by Type –Revenue and Forecast to 2028 (US$ Million)

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

Table 11.          Canada: Aircraft Wheels Market, by Fit Type–Revenue and Forecast to 2028 (US$ Million)

Table 12.          Canada: Aircraft Wheels Market, by End-user–Revenue and Forecast to 2028 (US$ Million)

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

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

Table 15.          Mexico: Aircraft Wheels Market, by Fit Type–Revenue and Forecast to 2028 (US$ Million)

Table 16.          Mexico: Aircraft Wheels Market, by End-user–Revenue and Forecast to 2028 (US$ Million)

Table 17.          List of Abbreviation

LIST OF FIGURES

Figure 1.           North America Aircraft Wheels Market Segmentation

Figure 2.           North America Aircraft Wheels Market Segmentation – By Country

Figure 3.           North America Aircraft Wheels Market Overview

Figure 4.           North America Aircraft Wheels Market, by Type

Figure 5.           North America Aircraft Wheels Market, by Aircraft Type

Figure 6.           North America Aircraft Wheels Market, by Fit Type

Figure 7.           North America Aircraft Wheels Market, by End-Users

Figure 8.           North America Aircraft Wheels Market, by Country

Figure 9.           Porter’s Five Forces Analysis

Figure 10.        Aircraft Wheels market- Ecosystem Analysis

Figure 11.        North America Aircraft wheels market Impact Analysis of Drivers and Restraints

Figure 12.        North America: Aircraft wheels Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13.        North America: 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.        North America: 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.        North America: AIRCRAFT WHEELS TMARKET 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.        North America: 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 North America Aircraft wheels market

Figure 27.        North America: Aircraft wheels Market Revenue Share, by Key Country (2020 and 2028)

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

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

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

Figure 31.        Impact of COVID-19 Pandemic in North America Country Markets

  1. Collins Aerospace                                                           
  2. Meggitt PLC                                                                     
  3. Honeywell International Inc.                                        
  4. Parker Hannifin Corporation                                        
  5. BERINGER AERO
  6. Lufthansa Technik                                                           
  7. Grove Aircraft Landing Gear System Inc                      
  8. MATCO Manufacturing Inc                                             
  9. NMG Aerospace
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America 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 North America 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 North America 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  
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