Aircraft Wheels Market Size, Share, Growth Analysis, By Type (Commercial Aircraft, Military Aircraft), By Wheel Type (Nose Wheel, Main Landing Gear Wheel), By End-User, By Region - Industry Forecast 2025-2032

Global Aircraft Wheels Market size was valued at USD 4.62 billion in 2023 and is poised to grow from USD 4.95 billion in 2024 to USD 8.64 billion by 2032, growing at a CAGR of 7.2% during the forecast period (2025-2032).

Market insights indicate a significant uptick in aircraft orders over recent years, driven by the surge in commercial aviation and increasing air travel and traffic. This growth presents ample opportunities for aircraft and aerospace parts manufacturers, ranging from small enterprises to larger corporations. Additionally, escalating demands for enhanced military aviation capabilities further boost market prospects. Aircraft wheels, essential for safe take-off and landing, are gaining significant attention as airlines and major industry players prioritize quality components for their fleets. As air passenger traffic continues to rise alongside a critical need for aircraft, the aircraft wheel market is poised for substantial growth during the forecast period, reflecting the broader expansion of the aviation sector.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Aircraft Wheels market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Aircraft Wheels Market Segmental Analysis

Global Aircraft Wheels Market is segmented by Type, Wheel Type, End-User and region. Based on Type, the market is segmented into Commercial Aircraft and Military Aircraft. Based on Wheel Type, the market is segmented into Nose Wheel and Main Landing Gear Wheel. Based on End-User, the market is segmented into OEM and Aftermarket. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Aircraft Wheels Market

The global Aircraft Wheels market is significantly driven by the surge in tourism and travel worldwide, which contributed approximately 5.81 trillion U.S. dollars to the global GDP in 2021. In response to this growth, various governments and organizations are implementing initiatives to boost tourism further. This expansion has created ample opportunities for aircraft manufacturers and the airline sector, leading to an increased demand for aircraft wheels. Moreover, the rising investments in military aviation sectors necessitate high-quality manufacturing, further fueling the demand for aircraft wheels. Consequently, these factors combined serve as major stimulants for the growth of the aircraft wheels market.

Restraints in the Global Aircraft Wheels Market

A significant challenge in the Global Aircraft Wheels market is the potential for unintentional aircraft movements and related ground accidents, often stemming from the failure of airplane wheel chocks. These devices are critical for securing aircraft in place when parked, and any malfunction can lead to dangerous situations, including collisions and damage to the aircraft or surrounding equipment. The reliability of wheel chocks is therefore paramount, and concerns over their performance can hinder market growth. Addressing these vulnerabilities is crucial for ensuring safety and preventing incidents that adversely affect airline operations and overall confidence in civil aviation.

Market Trends of the Global Aircraft Wheels Market

The Global Aircraft Wheels market is experiencing a significant upswing, driven primarily by the rapid growth in the commercial aviation sector. As international travel and tourism rebound, airlines are actively collaborating with manufacturers to address the surging demand for new aircraft. Although the Covid-19 pandemic temporarily stalled growth, the market has rebounded quickly, paving the way for increased investments in aircraft infrastructure. Additionally, rising expenditures in military aviation are contributing to this trend, further propelling the demand for advanced aircraft wheels. This dual focus on commercial and military segments is expected to catalyze sustained market expansion through the forecasted period.