North America Aircraft Landing Gear Market to 2027 - AAR, Circor International, Collins Aerospace, GKN Aerospace Services

North America aircraft landing gear market is expected to grow from US$ 5.25 Bn in 2018 to US$ 8.56 Bn by the year 2027. This represents a CAGR of 5.7% from the year 2018 to 2027.

The aviation industry is quite dynamic as it adapts quickly with the ever-changing market forces and customer expectations. The macroeconomic trends across North America shape the overall growth outlook of the region's aviation industry. The three major macro factors that are affecting the growth of the aviation industry include rising demand for air travel, regulatory and infrastructure developments, and technological advancements in aircraft. As per Boeing's Aviation industry outlook, in the past five years, the year on year traffic growth as measured in revenue passenger kilometers is 6.7% on an average. The low airfares, rising disposable income, and growing travel & tourism market are some of the factors responsible for this growth. The US aviation sector is the most prominent aviation industry in North America. The industry is continuously witnessing a surge in demand for air travel, which is leading the commercial airlines to increase their fleet, which is allowing aircraft manufacturers such as Boeing, Textron, and Gulfstream, among others, to grow their production lines. An increase in aircraft production is catalyzing the demand for landing gear in North America, which is thereby bolstering the growth of aircraft landing gear market.

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Companies Mentioned
o AAR Corp.
o Circor International, Inc.
o Collins Aerospace
o GKN Aerospace Services Limited
o Héroux-Devtek Inc.
o Liebherr Group
o Magellan Aerospace Corporation
o Safran S.A.
o Sumitomo Precision Products Co., Ltd.
o Triumph Group Inc.

Currently, the US is dominating the aircraft landing gear market in terms of installation, which in turn boost the demand for aircraft landing gear market. The economy of the US largely depends upon the performance of the aerospace manufacturing industry in the country. The US aerospace industry is the largest in the world, and aerospace manufacturers in the country are considered to be highly competitive in the international market. In the year 2018, the contribution of the aerospace industry by the export sales to the US economy amounted to US$ 151 Bn. The positive trade balance of US$ 88 Bn for fiscal 2018 was the largest for any manufacturing industry in the US.

NORTH AMERICA AIRCRAFT LANDING GEAR MARKET - SEGMENTATION
North America Aircraft Landing Gear Market by Type
o Main
o Nose
North America Aircraft Landing Gear Market by Aircraft Type
o Airplanes
o Helicopters
North America Aircraft Landing Gear Market by End-User
o Commercial
o Armed Forces
North America Aircraft Landing Gear Market by Gear Arrangement
o Tricycle
o Tandem
o Tail Wheel
North America Aircraft Landing Gear Market by Country
o US
o Canada
o Mexico

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Table of Content:

1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Aircraft Landing Gear Market - By Aircraft Type
1.3.2 North America Aircraft Landing Gear Market - By Gear Arrangement
1.3.3 North America Aircraft Landing Gear Market - By Type
1.3.4 North America Aircraft Landing Gear Market - By End-User
1.3.5 North America Aircraft Landing Gear Market - By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Aircraft Landing Gear 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 Threats of Substitutes
4.2.4 Threats of New Entrants
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. North America Aircraft Landing Gear Market - Key Industry Dynamics
5.1 Key Market Driver
5.1.1 Growing aviation industry in North America is expected to boost the aircraft landing gear demand
5.2 Key Market Restraint
5.2.1 Challenges related to landing gear design and development may restrain the future growth
5.3 Key Market Opportunity
5.3.1 Increasing popularity of low cost carriers (LCCs) and ultra-low cost carriers (ULCCs) to provide growth opportunities
5.4 Future Trends
5.4.1 Future landing gear technologies will drive the growth in coming years
5.5 Impact Analysis of Drivers and Restraints

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