Press release
Soaring High: Commercial Aircraft Landing Gear Market Predicts Significant Growth in the Forecast Period
Commercial Aircraft Landing Gear Market
Growth Surge from $9.94 billion to an Estimated $15.36 billion
What Is The Projected Market Size Of The Global Commercial Aircraft Landing Gear Market And Its Growth Rate?
The commercial aircraft landing gear market has been experiencing robust growth in recent years. Some key statistics include:
• Market size was $9.94 billion in 2024.
• It will rise to $10.8 billion in 2025, with a compound annual growth rate (CAGR) of 8.7%.
• Growth can be attributed to aging fleets, air travel growth, regional expansion, and increasing concerns of consumer safety.
• The market is predicted to expand to $15.36 billion in 2029 at a CAGR of 9.2%.
• Factors such as aircraft fleet expansion, fuel efficiency and environmental concerns, market shift towards wide-body aircraft, and increasing automation are expected to be potent growth drivers.
What Is Driving The Growth In The Commercial Aircraft Landing Gear Market?
The commercial aircraft landing gear market is driven by the growing demand for aircraft, mainly due to the burgeoning air travel industry. The rapid global transportation network that aviation provides boosts economic growth, promotes international trade and tourism, and creates jobs. Increased passenger and freight air transport demand have led to increased purchases of new aircraft by air transportation and cargo service providers. The rise in aircraft sales is expected to boost demand for landing gear, a vital aircraft component. Therefore, the increasing demand for aircraft is expected to stimulate demand for commercial aircraft landing gears.
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Who Are the Key Players Driving Commercial Aircraft Landing Gear Market Growth?
Key players in the commercial aircraft landing gear market include:
• AAR Corp.
• Circor Aerospace Inc.
• Heroux-Devtek Inc.
• Honeywell Aerospace
• Liebherr-International AG
• Safran Landing Systems
• Triumph Group Inc.
• GKN Ltd.
• Magellan Aerospace Corporation
• Aerospace Industrial Development Corporation
• Sumitomo Precision Products Co. Ltd.
What Are The Key Trends In The Commercial Aircraft Landing Gear Market?
Key trends in the market include:
• Technological advancements
• Introduction of new aircraft models
• Adoption of 3D printing and additive manufacturing
• Use of lightweight materials
• Development of retractable landing gear
• Shift towards electric actuation
What Are The Segments Of The Global Commercial Aircraft Landing Gear Market?
The market is segmented by:
• Gear Position: Main Landing, Nose Landing
• Aircraft Type: Fixed Wing, Rotary Wing
• End-User: Commercial, Armed Forces
Which Region Leads The Commercial Aircraft Landing Gear Market?
North America was the largest region in the commercial aircraft landing gear market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Commercial Aircraft Landing Gear Market Global Market Report?
- Market Size Analysis: Analyze the Commercial Aircraft Landing Gear Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Commercial Aircraft Landing Gear Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Commercial Aircraft Landing Gear Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Commercial Aircraft Landing Gear Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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