Market Research Future Insights

According to MRFR analysis, aircraft wheels & brakes market is expected to register a CAGR of 7.3% from 2023 to 2032 and hold a value of over USD 8.11 Billion by 2032.

The aircraft wheels and brakes market refers to the industry involved in the manufacturing, distribution, and maintenance of wheels and brakes specifically designed for aircraft. Wheels and brakes are crucial components of an aircraft’s landing gear system and play a vital role in safe takeoff, landing, and ground operations. In commercial and military aircraft, the wheels and brakes are subjected to high levels of stress, heat, and wear due to the substantial weight and speed of the aircraft. These components need to meet strict performance and safety standards to ensure the smooth and reliable operation of the aircraft.

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Key Players

Boeing, Airbus, Bombardier, Embraer, ATR, Mitsubishi Heavy Industries

Market Segmentation

Aircraft Wheels & Brakes market has been segmented into Wheel Type, Brake Type, and end-user.

By Wheel Type: Nose Wheel, Main Landing Gear Wheel

By Brake Type: Carbon Brake, Steel Brake

By End-User: OEM, Aftermarket, By Aircraft Type, Commercial Aircraft, Military Aircraft

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Regional Analysis

North America is one of the leading regions in the aircraft wheels and brakes market. The presence of major aircraft manufacturers, such as Boeing and Airbus, along with a large number of airlines, contributes to the demand for wheels and brakes. The region is also home to several key suppliers and manufacturers of aircraft wheels and brakes systems. The market in North America is driven by factors such as fleet expansion, modernization of existing aircraft, and the demand for fuel-efficient and lightweight wheels and brakes.

Europe is another significant region in the aircraft wheels and brakes market. Countries like Germany, France, and the United Kingdom have a strong aerospace industry and are major contributors to the market. The presence of leading aircraft manufacturers and suppliers in Europe drives the demand for wheels and brakes. Additionally, the increasing focus on eco-friendly and sustainable aviation further boosts the market growth in the region.

The Asia Pacific region is experiencing significant growth in the aircraft wheels and brakes market. The rising air travel demand in countries like China and India, along with the increasing number of low-cost carriers, is driving the market growth in this region. The emergence of indigenous aircraft manufacturing companies and the expansion of existing airlines contribute to the demand for wheels and brakes systems. Moreover, the growing emphasis on regional connectivity and infrastructure development in Asia Pacific further propels the market growth.

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