Aerospace Wheel and Brake Market is Likely to Grow at 5.0% CAGR Over the Next Five Years

This report, from Stratview Research, studies the aerospace and defense wheel and brake market over the period 2010 to 2021.

Launching announcement of a new research report on Aerospace Wheel and Brake Market which is projected to grow at 5.0% CAGR by 2021- forecasted by Stratview Research. The study provides an in-depth analysis by Aircraft Type (Commercial Aircraft, Regional Aircraft, General Aircraft, and Military Aircraft), by Product Type (Wheel, Carbon Brake, and Steel Brake), by End Use (OEM, Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2016 – 2021.

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Aerospace and Defense Wheel and Brake Market: Highlights

The aerospace and defense wheel and brake market offers a good growth opportunity and is likely to grow at 5.0% CAGR during the forecast period of 2016 to 2021. Increasing passenger traffic, increasing commercial aircraft deliveries, growing aircraft fleet size, increase in share of wide body aircraft, etc. are some of the key growth drivers of the global aerospace and defense wheel and brake market.

Commercial aircraft is expected to remain growth engine of the global aerospace and defense wheel and brake market during the forecast period. Both OEM and aftermarket segments are likely to offer healthy opportunity in the next five years. Among the brake types, carbon brakes are expected to provide a robust growth opportunity in the global aerospace and defense brakes market due to their excellent performance

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North America is expected to remain the largest market for wheels and brakes due to manufacturing base of largest commercial OEM, Boeing and increasing retrofit market. However, during the next five years, Asia Pacific is expected to grow at the highest rate.

The supply chain of this market comprises raw material suppliers, wheel and brake manufacturers, distributors, Aircraft OEMs, and Airlines. The key aerospace OEMs are Boeing, Airbus, Bombardier, Embraer, ATR, and Mitsubishi Heavy Industries and key airlines are Lufthansa, Delta Air, Air China, and Singapore Airlines.

The wheel and brake market is a highly consolidated market. The key wheel and brake manufacturers are Meggitt Aircraft Braking Systems, Honeywell Aerospace, Parker, Safran Landing Systems (Messier-Buggatti-Dowty), and UTC Aerospace Systems. New product development, regional expansion, and long term contacts are the key strategies adopted by the key players to gain competitive edge in the market.

Report Features

The report provides diverse market intelligence with maximum business value. It gives a condemnatory understanding of the market dynamics and enables strategic decision making for the existing market players as well as those willing to enter the market. The key features include the
->industry life cycle and the supply chain analysis of the market structure.
->SWOT analysis, Porter's five forces analysis and Growth Drivers and constraints.
->Market trend and the forecast analysis.
->Forecast of the market segment trend.
->Competitive landscape and dynamics of Market share, product portfolio, product launches, etc.
->Emerging trends of attractive market segments and associated growth opportunities
->Strategic growth opportunities for the existing and new players.

To browse through our range of reports in the Aerospace & Defence industry, refer to the following link:
https://www.stratviewresearch.com/market-reports/Aerospace-Defense.html

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This release was published on openPR.