North America 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: TIPRE00026098 | Pages: 95 | Industry: Aerospace and Defense | Date: Nov 2021
Covid

Market Introduction

The aircraft wheels MRO market in North America is further segmented into the US, Canada, and Mexico. North America has the world’s largest aviation industry. Air travel is a preferred mode of travel in the US and Canada due to high GDP per capita, favorable governments policies, and matured aerospace industry ecosystem, which is a prime factor contributing to the growth of aerospace industry in the region. Maintenance, repair, and overhaul (MRO) are among the complex operations that must comply with stringent and specific criteria specified by airworthiness authorities, which decide whether an aircraft is airworthy. The end users of commercial and military aircraft spend tremendous amounts every year to meet these specifications, which account for a significant portion of their overall operating costs. The aircraft wheels MRO market in North America is expected to be driven by a rise in air passenger traffic; an urge to improve operability and performance; and the need for disassembling, replacing, testing, and repairing aircraft wheels. With the purchase of new aircraft, airlines and defense agencies routinely sign several contracts and agreements with aircraft MRO service providers. According to the International Air Transport Association (IATA), the total number of new passengers will rise over the next 20 years, increasing the need for MRO services for aircraft fleet upgrades. In June 2021, JetBlue Airways announced its partnership with Airbus for a long-term Flight Hour Services component MRO contract. Moreover, Precision Aviation Group, Inc., one of the major MRO service providers, announced the acquisition of Trace Aviation, a widely recognized organization for MRO capabilities on King Air/1900 landing gear assemblies. Furthermore, MRO service providers in North America are continually focusing on the creative integration of technologies such as digital MRO technology, which add to the effectiveness and efficiency of MRO activities. Moreover, the presence of a significant number of regional as well as international aircraft wheel MRO market players is further contributing to the market growth in North America.

The continuous growth of COVID-19 infected individuals led the government to impose lockdown across the North American countries in 2020. Most of the manufacturing plants were temporarily shut or operating with minimum staff; the supply chain of components and parts was disrupted. Since the US has a larger density of aircraft OEMs, component manufacturers, and airports, the outbreak severely affected production and revenue generation. The lower number of manufacturing staff resulted in lesser production quantity. On the other hand, the suspension of air travel resulted in a loss for the airlines, restricting the demand for airline-associated services. This factor stalled the revenue generation stream of the aircraft wheels MRO market. 


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Market Overview and Dynamics

The North America aircraft wheels MRO market is expected to grow from US$ 226.72 million in 2021 to US$ 327.39 million by 2028; it is estimated to grow at a CAGR of 5.4% from 2021 to 2028.  Surging strategic tie-ups for defense aircraft wheels MRO services is expected to catalyze the North America aircraft wheels MRO market. At present, various armed forces are also significantly increasing military aircraft fleets to strengthen their air defense. Similarly, in April 2021, the US Air Force formed a strategic tie-up with Collins Aerospace for adopting wheels retrofitting services for its 70 B-52s aircraft. The increasing number of strategic tie-ups between aircraft MRO service providing companies and armed forces of various countries are expected to create opportunities for the North America aircraft wheels MRO market growth in coming years. Moreover, growing fleet sizes of military aircraft are further creating lucrative opportunities for MRO servicing players to grow their businesses across North America region.

Key Market Segments

In terms of wheel type, the main wheel segment accounted for the largest share of the North America aircraft wheels MRO market in 2020. In terms of aircraft type, the narrowbody aircraft segment held a larger market share of the North America aircraft wheels MRO market in 2020.   Further, the non-destructive testing segment held a larger share of the North America 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 North America 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, AeroRepair Corp., AMETEK Inc., Lufthansa Technik, and TP Aerospace.

Reasons to buy report

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

North America Aircraft Wheels MRO Market Segmentation

North America Aircraft Wheels MRO Market - By Wheel Type

  • Nose Wheel
  • Main Wheel

North America Aircraft Wheels MRO Market - By Aircraft Type

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

North America Aircraft Wheels MRO Market - By Technology

  • Inspection
  • Non-destructive Testing
  • Machining
  • Others

North America Aircraft Wheels MRO Market - By Country

  • US
  • Canada
  • Mexico       

North America Aircraft Wheels MRO Market - Company Profiles 

  • AAR CORP
  • AeroRepair Corp.
  • AMETEK Inc.
  • Lufthansa Technik
  • TP Aerospace.

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.           North America 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.           North America Aircraft Wheels MRO Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Rising Demand of Passenger Airline Services

5.1.2        Growing MRO Activities in Several Economies

5.2         Market Restraints

5.2.1        Issues Related to Evolving Specifications of Aircraft Wheels

5.3         Market Opportunities

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

5.4         Future Trends

5.4.1        Increasing Partnerships, Acquisitions, and Strategic Collaborations

5.5         Impact Analysis of Drivers and Restraints

6.           Aircraft Wheels MRO Market – North America Analysis

6.1         North America Aircraft Wheels MRO Market Overview

6.2         North America Aircraft Wheel MRO Market Revenue Forecast and Analysis

7.           North America Aircraft Wheels MRO Market Analysis – By Wheel Type

7.1         Overview

7.2         North America 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.           North America Aircraft Wheels MRO Market Analysis – By Aircraft Type

8.1         Overview

8.2         North America 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.           North America Aircraft Wheels MRO Market Analysis – By Technology

9.1         Overview

9.2         North America 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.        North America Aircraft Wheels MRO Market – Country Analysis

10.1      Overview

10.1.1     North America: Aircraft Wheels MRO Market, by Key Country

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

10.1.1.1.1       US: Aircraft Wheels MRO Market, By Wheel Type

10.1.1.1.2       US: Aircraft Wheels MRO Market, by Aircraft Type

10.1.1.1.3       US: Aircraft Wheels MRO Market, by Technology

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

10.1.1.2.1       Canada: Aircraft Wheels MRO Market, By Wheel Type

10.1.1.2.2       Canada: Aircraft Wheels MRO Market, by Aircraft Type

10.1.1.2.3       Canada: Aircraft Wheels MRO Market, by Technology

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

10.1.1.3.1       Mexico: Aircraft Wheels MRO Market, By Wheel Type

10.1.1.3.2       Mexico: Aircraft Wheels MRO Market, by Aircraft Type

10.1.1.3.3       Mexico: Aircraft Wheels MRO Market, by Technology

11.        North America Aircraft Wheels MRO Market - COVID-19 Impact Analysis

11.1      North America: Impact Assessment of COVID-19 Pandemic

12.        Industry Landscape

12.1      Overview

12.2      Market Initiative

12.3      Merger and Acquisition

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      AeroRepair Corp.

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      TP Aerospace.

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

14.        Appendix

14.1      About The Insight Partners

14.2      Word Index

LIST OF TABLES

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

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

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

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

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

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

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

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

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

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

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

Table 12.          List of Abbreviation

LIST OF FIGURES

Figure 1.           North America Aircraft Wheels MRO Market Segmentation

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

Figure 3.           North America Aircraft Wheels MRO Market Overview

Figure 4.           North America Aircraft Wheels MRO Market, By Wheel Type

Figure 5.           North America Aircraft Wheels MRO Market, By Aircraft Type

Figure 6.           North America Aircraft Wheels MRO Market, By Technology

Figure 7.           North America Aircraft Wheels MRO Market, By Country

Figure 8.           Porter’s Five Forces Analysis

Figure 9.           North America Aircraft wheel MRO Market- Ecosystem Analysis

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

  1. AAR CORP
  2. AeroRepair Corp.
  3. AMETEK Inc.
  4. Lufthansa Technik
  5. TP 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 MRO market.  
  • Highlights key business priorities in order to assist companies to realign their business strategies
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  • 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 MRO market, as well as those hindering it 
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