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Commercial Aircraft Landing Gear Market 2023 Report By Key Companies, Regional Analysis And Forecast 2032
Commercial Aircraft Landing Gear Market
Commercial Aircraft Landing Gear Market Size, Growth Rate, And Forecast
The global commercial aircraft landing gear market size grew from $8.15 billion in 2022 to $8.57 billion in 2023 at a compound annual growth rate (CAGR) of 5.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The commercial aircraft landing gear market size is expected to grow to $10.76 billion in 2027 at a CAGR of 5.9%.
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Commercial Aircraft Landing Gear Market Drivers
The growing demand for aircraft is expected to propel the growth of the commercial aircraft landing gears market. Aviation provides a rapid global transportation network, fostering economic growth, job creation, and promoting international trade and tourism. The increased passenger and freight air transport demand have increased the purchase of new aircraft by air transportation and cargo service providers across the globe. The rapid growth in sales of aircraft is expected to boost the demand for landing gears, as they are a vital component in each aircraft.
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Commercial Aircraft Landing Gear Market Segments
• By Gear Position: Main Landing, Nose Landing
• By Aircraft Type: Fixed Wing, Rotary Wing
• By End-User: Commercial, Armed Forces
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the commercial aircraft landing gear market.
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Commercial Aircraft Landing Gear Market Key Players
Major competitors in the commercial aircraft landing gear market include CIRCOR Aerospace, Inc., Héroux-Devtek Inc., Honeywell Aerospace, Liebherr Group, Magellan Aerospace Corporation, Safran Landing Systems, Triumph Group, Inc., Meggitt PLC.
The Business Research Company's "Global Commercial Aircraft Landing Gear Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Commercial Aircraft Landing Gear Market Include:
1. Executive Summary
2. Commercial Aircraft Landing Gear Market Characteristics
3. Commercial Aircraft Landing Gear Market Trends And Strategies
4. Commercial Aircraft Landing Gear Market - Macro Economic Scenario
5. Commercial Aircraft Landing Gear Market Size And Growth
……
26. Africa Commercial Aircraft Landing Gear Market
27. Commercial Aircraft Landing Gear Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Commercial Aircraft Landing Gear Market
29. Commercial Aircraft Landing Gear Market Future Outlook and Potential Analysis
30. Appendix
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