Top 10 Aircraft Wheels & Brakes Market Companies Analysis to 2031

The aircraft wheels & brakes market size is projected to reach US$ 15.40 billion by 2031 from US$ 8.22 billion in 2023. The market is expected to register a CAGR of 8.2% during 2023-2031. The rising adoption of electric brakes and fiber-reinforced plastic wheels is likely to remain a key trend in the market.

Key segments that contributed to the derivation of the aircraft wheels & brakes market: analysis are component, fit type, and end user.
Based on component, the aircraft wheels & brakes market: is segmented into braking system, wheels, and brakes. The brakes segment held a larger market share in 2023.
Based on fit type, the aircraft wheels & brakes market: is segmented into line fit and retrofit. The retrofit segment held a larger market share in 2023.
Based on end user, the aircraft wheels & brakes market: is segmented into defense and commercial. The commercial segment held a larger market share in 2023.

Asia Pacific has dominated the market in 2023 followed by North America and Europe regions. Further, Asia Pacific is also likely to witness highest CAGR in the coming years. China dominated the Asia Pacific aircraft wheels & brakes market in 2023. The demand for wheels and brakes market in China is mainly driven by the demand generated from MRO operations for the large number of fleet. For instance, in 2024, the commercial aircraft fleet across China stood at 4,126 which is further likely to reach around 6,429 aircraft by 2034. Moreover, according to the Airbus forecasts, more than 9,000 aircraft are likely to be delivered across China during 2023 to 2042. Such factors are likely to generate new opportunities for market vendors in the coming years.

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Key Companies:
• Beringer Aero
• Collins Aerospace
• Honeywell International Inc.
• Meggitt PLC
• Parker Hannifin Corporation
• Safran
• MATCO Manufacturing Inc
• JAY-Em Aerospace and Machine, Inc.
• Grove Aircraft Landing Gear System Inc

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This release was published on openPR.