Press release
Aircraft Landing Gear Industry Growth Outlook: 8.7% CAGR and $22.08 Billion by 2029
Aircraft Landing Gear Market
What Is the Long-Term Growth Forecast for the Aircraft Landing Gear Market Size 2025?
The market for aircraft landing gear has seen impressive growth in recent years. Its growth is anticipated to rise from $14.46 billion to $15.81 billion between 2024 and 2025, with a compound annual growth rate (CAGR) of 9.3%. Several factors account for the growth during the historical period including the escalating adoption of robust, lightweight landing gear, rising raw material prices, increasing rates of air travel, considerable economic expansion in emerging markets, and escalated military expenditure.
What CAGR is Forecasted for the Aircraft Landing Gear Market Through 2029?
In the near future, it is projected that the aircraft landing gear market will exhibit strong growth, reaching a value of $22.08 billion by 2029 with a compound annual growth rate (CAGR) of 8.7%. The anticipated growth in this timeframe is due to factors such as a surge in passenger air traffic, growing urbanisation, and an increase in demand for fresh fighter jets in developing nations. Key trends projected for the forecast period involve 3D printed landing gears, active landing gears, the expansion of new facilities, creation of innovative technological solutions, an emphasis on mergers and acquisitions, advanced landing gears, partnerships and collaborations, and a focus on strategic investment to broaden product portfolios.
Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/aircraft-landing-gear-global-market-report
What Are the Critical Factors Driving Aircraft Landing Gear Market Development?
The aircraft landing gear market is poised for growth, propelled by the heightened procurement of contemporary-generation aircraft. A surge in global demand for commercial and cargo aircraft, as well as escalating investments in defense equipment across various nations, is raising the requirement for landing gear. This trend foretells a positive impact on the aircraft landing gear market. For example, the International Air Transport Association, a trade organization for global airlines based in Canada, reported in December 2023 that the number of new aircraft deliveries is set to spike notably with 1,777 anticipated in 2024 and a further increase to 2,075 by 2025. Therefore, the accelerated procurement of modern-generation aircraft is fueling the expansion of the aircraft landing market.
Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5776&type=smp
How Does the Aircraft Landing Gear Market Break Down Across Major Segments?
The aircraft landing gear market covered in this report is segmented -
1) By Gear Type: Main Landing Gear, Nose Landing Gear
2) By Aircraft Type: Fixed Wing, Rotary Wing
3) By End User: OEM, Aftermarket
Subsegments:
1) By Main Landing Gear: Tricycle Gear, Tailwheel Gear, Nose Landing Gear
2) By Nose Landing Gear: Single Wheel Nose Gear, Dual Wheel Nose Gear
What Are the Major Trends Transforming the Aircraft Landing Gear Industry?
The aircraft landing gear market is witnessing a trend among prominent corporations who are emphasizing on technological enhancements such as electric nose landing gear actuators. The purpose of this shift is to amplify efficiency, lessen weight, and foster the transition towards eco-friendly aviation. An electric nose landing gear actuator is designed to control the guidance and expansion/contraction of aircraft's nose landing gear by utilizing electricity instead of the conventional hydraulic systems. For illustration, Safran Landing Systems, an aircraft landing gear manufacturer based in France - known for designing, developing and manufacturing all varieties of aircraft landing gear, wheels, and brakes, along with providing customer support services - disclosed its pathbreaking electric nose landing gear actuator in July 2022 at the Farnborough International Airshow. This newly created system, powered by an electric motor pump and substituting the usual hydraulic systems with electro-hydrostatic actuators, not only boosts actuation power, decreases weight and eases maintenance complications, but also corresponds to Safran's devotion to sustainability and production of reduced carbon aviation solutions.
Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=5776&type=smp
Which Players Are Driving Innovation in the Aircraft Landing Gear Market?
Major companies operating in the aircraft landing gear market include Safran S.A., Raytheon Technologies Corporation, Heroux-Devtek Inc, Melrose Industries plc, Parker Hannifin Corporation, Triumph Group Inc., Liebherr-International AG, Sumitomo Precision Products Co. Ltd., AAR Corp., Eaton Corporation, Aircraft Landing Gear Co. Ltd, SPP Nagasaki Engineering Co. Ltd, Kawasaki Aerospace Company, AVIC Aircraft Landing Gear Co. Ltd, Commercial Aircraft Corporation of China Ltd, Meggitt PLC, Airbus S.A.S, ZF Luftfahrttechnik, ThyssenKrupp AG, United Aircraft Corporation, IRKUT Corporation, PZL Warszawa, Sukhoi, Collins Aerospace, Magellan Aerospace Corporation, Boeing Co.
Which Regions Are Driving Global Aircraft Landing Gear Market Expansion?
North America was the largest region in the aircraft landing gear market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aircraft landing gear market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Aircraft Landing Gear Industry Growth Outlook: 8.7% CAGR and $22.08 Billion by 2029 here
News-ID: 4253977 • Views: …
More Releases from The Business Research Company
Trends in Growth, Segment Analysis, and Competitive Strategies Influencing the M …
The meal replacement market is gaining significant momentum as consumer preferences shift toward convenient and health-focused nutrition solutions. With rising awareness about preventive healthcare and personalized diets, this sector is set for considerable expansion. Let's explore how the market size is expected to evolve, who the key players are, emerging trends, and the main segments driving this growth.
Projected Growth Trajectory of the Meal Replacement Market Size
The meal replacement…
Leading Companies Reinforcing Their Presence in the Malted Barley Market
The malted barley industry is positioned for steady expansion as demand grows across various sectors. With increasing interest from craft brewers and functional food producers, this market is set to experience meaningful growth driven by innovation and sustainability efforts. Let's dive into the current market size, key players shaping the industry, trends influencing its trajectory, and detailed segment insights.
Projected Market Size and Growth Outlook of the Malted Barley Market …
Future Perspective: Key Trends Shaping the Low-calorie Food Market up to 2030
The low-calorie food market is poised for significant expansion as consumer preferences shift toward healthier eating habits and more personalized nutrition options. Advances in product innovation and supportive regulatory frameworks are expected to drive rapid growth over the coming years. Here's an overview of the market size, key players, emerging trends, and segmentation shaping this evolving industry.
Projected Expansion of the Low-calorie Food Market Size Through 2030
The low-calorie food…
Competitive Landscape: Leading Companies and New Entrants in the Liquid Nutritio …
The liquid nutritional supplement sector is on the rise, driven by evolving consumer preferences and innovations in health and wellness. With growing awareness about personalized nutrition and preventive healthcare, this market is set to witness substantial growth over the coming years. Let's explore the market's projected size, major players, emerging trends, and key segments shaping this dynamic industry.
Projected Market Value and Growth Trajectory of the Liquid Nutritional Supplement Market …
More Releases for Gear
Revolutionizing Success in the Gear Racks Market: Latest Trends, Technological A …
The Gear Racks Market research study is a professional report with premium insights into the size of the business, current patterns, drivers, risks, potential outcomes, and major segments. The Industry Report forecasts the future growth of the market based on precise assumptions. Furthermore, based on input from industry experts, the report provides actionable insights into the Gear Racks Market's future growth to assist readers in developing effective strategies. The research…
Global Aircraft Landing Gear Market By Type: Nose Landing Gear, Main Landing Gea …
The airplane's landing gear supports the entire weight of the aircraft during landing and landing procedures. They are attached to the main structural elements of the airplane. The type of equipment required depends on the design and planned use of the aircraft. Most trolleys have wheels to make it easier to move them over uneven surfaces, like the floor. Other objects also include skids, such as the tail portion of…
Abstract of Speed Changer, Industrial High-Speed Drive, and Gear Market 2019 by …
The Speed Changer, Industrial High-Speed Drive, and Gear Market report provides detailed information on past, present and future market trends including the development rate, capacities, growth drivers, technologies and the capital structure. The Speed Changer, Industrial High-Speed Drive, and Gear Market report aims to provide comprehensive details to help market players and consultants to understand the on-going scenario of the Speed Changer, Industrial High-Speed Drive, and Gear market. The Speed…
Gear Racks Market Size, Status, Top Emerging Trends, Growth and Business Opportu …
A new business intelligence report released by Up Market Research on “Global Gear Racks Market”. Report provides a comprehensive market analysis with future prospects to 2026. Report focuses on the major drivers and restraints providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.
Get Sample Copy Of This Report @
https://www.upmarketresearch.com/home/requested_sample/108986
The report contains 119 pages which highly exhibit on current market analysis scenario, upcoming…
Hurtle Gear
Hurtle Gear is your one-stop shop for all motorcycle parts, products and accessories. Beautiful products and brilliant service.
Hurtle Gear is your one-stop shop for all motorcycle parts, products and accessories. Beautiful products and brilliant service.
Hurtle Gear
3/4 Mummery Crescent
Bunbury
Western Australia
6230…
Global Worm Gear Drives Market Price, Sales, Gross Margin, Growth Rate by Timken …
A worm drive is a gear arrangement in which a worm (which is a gear in the form of a screw) meshes with a worm gear (which is similar in appearance to a spur gear).
Like other gear arrangements, a worm drive can reduce rotational speed or transmit higher torque. A worm is an example of a screw, one of the six simple machines.
Download Sample Report of Worm Gear Drives Market…
