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The market is segmented by Procurement (Landing Gear Type, Aircraft Type), MRO, and Geography.
Fastest Growing Market:
Middle East and Africa
The commercial aircraft landing gear market is anticipated to register a CAGR of over 3.5% during the forecast period.
The landing gear is the undercarriage of an aircraft that offers support when the aircraft is not flying, allowing it to take off, land, and taxi without damage. Commercial aircraft have retractable undercarriages to reduce drag during flight. The study includes the entire landing gear system and parts, such as oleo struts, torque links, actuator, wheel, and axle, among others. Tires are not included within the scope of the study. The study includes the entire landing gear system and parts, such as oleo struts, torque links, actuator, wheel, and axle, among others. Tires are not included within the scope of the study. The market study also includes Maintenance, Repair, and Overhaul operations of landing gear systems. The market scope does not include the landing gear doors and tires of the aircraft. The military and general aviation aircraft are excluded from the market study.
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In the past decade, low-cost carriers increased their market presence, and they currently hold a share of over 30% in the commercial aviation market. LCC operators prefer single-aisle aircraft, as they operate on shorter routes and also have low-profit margin. With the growing focus on connecting smaller airports to enhance a country’s air network, airlines are procuring narrow-body aircraft and regional aircraft that are efficient as well as economic on short haul flights. Of the 1,606 aircraft delivered by Airbus and Boeing together in 2018, the majority of the aircraft were narrow-body aircraft. Nose landing gear configuration is similar for a narrow-body and a wide-body aircraft; however, the main landing gear configuration differs. For instance, an A320 family of aircraft has 6 wheels in [1*2]+[2*2] configuration whereas A380 has 22 wheels in [1*2]+[2*4+2*6] configuration.
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Boeing and Airbus are the two major commercial aircraft OEMs and they are based in the United States and France, respectively. The US aviation market is a matured market and it currently has the largest aircraft fleet. The majority of the aircraft assembly is carried out in the United States and France. However, in terms of new aircraft demand, the Asia-Pacific market seems to be lucrative. As China has newly introduced its C919 aircraft in the commercial market and has received over 800 orders, a huge demand for landing gear system is anticipated to be generated from this region in the coming years.
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Landing gear system is a vital part of the aircraft, and currently, it has no substitutes. With the growing number of orders for new aircraft, a simultaneous demand is likely to be generated for the landing gear system as well. The market is highly competitive and major players are significantly investing in R&D to develop lightweight landing gear systems, which can further reduce the overall weight of the aircraft and make it more fuel-efficient. Héroux-Devtek Inc., Safran SA, Honeywell International Inc., and Triumph Group are the major players in the commercial aircraft landing gear market.
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.1 Landing Gear Type
184.108.40.206 Main Landing Gear
220.127.116.11 Nose Landing Gear
5.1.2 Aircraft Type
18.104.22.168 Narrow-body Aircraft
22.214.171.124 Wide-body Aircraft
126.96.36.199 Regional Aircraft
5.3.1 North America
188.8.131.52 United States
184.108.40.206 United Kingdom
220.127.116.11 Rest of Europe
18.104.22.168 Rest of Asia-Pacific
5.3.4 Latin America
22.214.171.124 Rest of Latin America
5.3.5 Middle-East and Africa
126.96.36.199 United Arab Emirates
188.8.131.52 Saudi Arabia
184.108.40.206 South Africa
220.127.116.11 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Héroux-Devtek Inc.
6.2.2 CIRCOR International, Inc.
6.2.3 Magellan Aerospace Corp
6.2.4 Triumph Group Inc
6.2.5 Safran SA
6.2.6 United Technologies Corporation (Collins Aerospace)
6.2.7 Sumitomo Precision Products Co., Ltd.
6.2.8 AAR Corp.
6.2.9 Liebherr-International Deutschland GmbH
6.2.10 Honeywell International Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability