Aircraft Wheels and Brakes Market Report: Trends, Forecast and Competitive Analysis to 2030

Aircraft Wheels and Brakes Trends and Forecast

The future of the global aircraft wheels and brakes market looks promising with opportunities in the OEM and aftermarket markets. The global aircraft wheels and brakes market is expected to reach an estimated $6.4 billion by 2030 with a CAGR of 6.8% from 2024 to 2030. The major drivers for this market are growing demand for air travel, carriers' quick fleet expansion, and the rising number of new aircraft deliveries.

A more than 150-page report is developed to help in your business decisions.

Aircraft Wheels and Brakes by Segment

The study includes a forecast for the global aircraft wheels and brakes by wheel type, brake type, end use, and region.

Aircraft Wheels and Brakes Market by Wheel Type [Shipment Analysis by Value from 2018 to 2030]:

• Nose Wheel
• Main Landing Gear Wheel

Aircraft Wheels and Brakes Market by Brake Type [Shipment Analysis by Value from 2018 to 2030]:

• Carbon Brake
• Steel Brake

Aircraft Wheels and Brakes Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• OEM
• Aftermarket
• Others

Aircraft Wheels and Brakes Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Aircraft Wheels and Brakes Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies aircraft wheels and brakes companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the aircraft wheels and brakes companies profiled in this report include-

• Boeing
• Airbus
• Bombardier
• Embraer
• Mitsubishi Heavy Industries

Aircraft Wheels and Brakes Market Insights

Lucintel forecasts that main landing gear wheel will remain the larger segment over the forecast period because the aircraft use their main landing gear wheel a lot during parking, taxiing, taking off, and landing.

North America will remain the largest region over the forecast period due to the enormous number of aircraft produced for both military and civilian applications and the rising number of air travelers.

Features of the Global Aircraft Wheels and Brakes Market

Market Size Estimates: Aircraft wheels and brakes market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Aircraft wheels and brakes market size by wheel type, brake type, end use, and region in terms of value ($B).

Regional Analysis: Aircraft wheels and brakes market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different wheel type, brake type, end use, and regions for the aircraft wheels and brakes market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the aircraft wheels and brakes market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the aircraft wheels and brakes market size?

Answer: The global aircraft wheels and brakes market is expected to reach an estimated $15.5 billion by 2030.

Q2. What is the growth forecast for aircraft wheels and brakes market?

Answer: The global aircraft wheels and brakes market is expected to grow with a CAGR of 6.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the aircraft wheels and brakes market?

Answer: The major drivers for this market are growing demand for air travel, carriers' quick fleet expansion, and the rising number of new aircraft deliveries.

Q4. What are the major segments for aircraft wheels and brakes market?

Answer: The future of the global aircraft wheels and brakes market looks promising with opportunities in the OEM and aftermarket markets.

Q5. Who are the key aircraft wheels and brakes market companies?

Answer: Some of the key aircraft wheels and brakes companies are as follows.

• Boeing
• Airbus
• Bombardier
• Embraer
• Mitsubishi Heavy Industries

Q6. Which aircraft wheels and brakes market segment will be the largest in future?

Answer: Lucintel forecasts that main landing gear wheel will remain the larger segment over the forecast period because the aircraft use their main landing gear wheel a lot during parking, taxiing, taking off, and landing.

Q7. In aircraft wheels and brakes market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to the enormous number of aircraft produced for both military and civilian applications and the rising number of air travelers.

Q8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the aircraft wheels and brakes market by wheel type (nose wheel and main landing gear wheel), brake type (carbon brake and steel brake), end use (OEM, aftermarket, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?