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Commercial Aircraft Landing Gear Market - Growth, Trends, and Forecast (2020 - 2025)

The Market is Segmented by Procurement (Landing Gear Type and Aircraft Type), MRO, and Geography.

Market Snapshot

Study Period:

2017-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

Middle East and Africa

CAGR:

3.5 %

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Market Overview

The commercial aircraft landing gear market is anticipated to register a CAGR of over 3.5% during the forecast period.

  • An increase in the number of orders for new aircraft is primarily driving the market.
  • Growing demand for lightweight landing gear is forcing manufacturers to adopt new techniques and materials for the parts and components of the landing gear.
  • New aircraft programs in the Asia-Pacific region will offer new opportunities for landing gear manufacturers to expand in the region.

Scope of the Report

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. 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. 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.

Procurement
Landing Gear Type
Main Landing Gear
Nose Landing Gear
Aircraft Type
Narrow-body Aircraft
Wide-body Aircraft
Regional Aircraft
Geography
North America
United States
Canada
Europe
Germany
United Kingdom
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle-East & Africa
United Arab Emirates
Saudi Arabia
South Africa
Rest of Middle-East & Africa

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Key Market Trends

The Narrow-body Aircraft Segment is Expected to Dominate the Commercial Aircraft Landing Gear Market

In the past decade, low-cost carriers increased their market presence. 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 have a 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 and economic on short haul flights. Among 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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North America and Europe held a Major Share in the Commercial Aircraft Landing Gear Market in 2019

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 newly introduced its C919 aircraft in the commercial market, it 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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Competitive Landscape

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 THE 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.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Procurement

      1. 5.1.1 Landing Gear Type

        1. 5.1.1.1 Main Landing Gear

        2. 5.1.1.2 Nose Landing Gear

      2. 5.1.2 Aircraft Type

        1. 5.1.2.1 Narrow-body Aircraft

        2. 5.1.2.2 Wide-body Aircraft

        3. 5.1.2.3 Regional Aircraft

    2. 5.2 MRO

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 India

        3. 5.3.3.3 Japan

        4. 5.3.3.4 Rest of Asia-Pacific

      4. 5.3.4 Latin America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Mexico

        3. 5.3.4.3 Rest of Latin America

      5. 5.3.5 Middle-East & Africa

        1. 5.3.5.1 United Arab Emirates

        2. 5.3.5.2 Saudi Arabia

        3. 5.3.5.3 South Africa

        4. 5.3.5.4 Rest of Middle-East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Héroux-Devtek Inc.

      2. 6.2.2 CIRCOR International Inc.

      3. 6.2.3 Magellan Aerospace Corp.

      4. 6.2.4 Triumph Group Inc.

      5. 6.2.5 Safran SA

      6. 6.2.6 United Technologies Corporation (Collins Aerospace)

      7. 6.2.7 Sumitomo Precision Products Co. Ltd

      8. 6.2.8 AAR Corp.

      9. 6.2.9 Liebherr-International Deutschland GmbH

      10. 6.2.10 Honeywell International Inc.

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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