Global Aircraft Landing Gear Repair Overhaul Market Forecast 2029

Market Overview

The global Aircraft Landing Gear Repair Overhaul Market was valued at $4.2 billion in 2020 and is expected to reach $5.7 billion by 2029, growing at a CAGR of 3.8% during the forecast period. The market is driven by factors such as the increasing number of airlines and aircraft operating globally, and the growing demand for air travel. However, the high cost of landing gear repairs and the lack of trained personnel is restraining the growth of the market. This study provides an overview of the global aircraft landing gear repair & overhaul market, with a detailed analysis of market size, growth drivers, restraints, opportunities, and trends. The report includes a detailed segmentation of the market by component, application, end-user, and geography.

The global aircraft landing gear repair & overhaul market has been segmented based on type, platform, end-user, and region. On the basis of type, the market has been divided into nose landing gear, main landing gear, and tail landing gear. The nose landing gear segment is expected to grow at the highest CAGR during the forecast period owing to its crucial role in providing support to aircraft during take-off and taxi operations. Based on the platform, the global aircraft landing gear repair & overhaul market has been classified into fixed-wing and rotary-wing. The fixed-wing segment is expected to lead the market due to the growing fleet size of commercial passenger jets worldwide. On the basis of end-user, the global aircraft landing gear repair & overhaul market has been divided into airlines and MRO providers. The MRO providers segment is anticipated to grow at a higher CAGR than that of airlines during the forecast period as they are responsible for carrying out major maintenance activities such as engine repairs, airframe repairs, and component replacements/repairs on behalf of airlines or other customers.

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Market drivers

The global aircraft landing gear repair and overhaul market is growing at a considerable pace owing to the increasing number of commercial airlines and air traffic. The rising demand for air travel has resulted in an upsurge in the number of commercial airlines, which is a key driver of the aircraft landing gear repair and overhaul market. In addition, the increasing air traffic is also anticipated to drive the demand for aircraft landing gear repair and overhaul services.

The growth of the aviation industry is another significant factor that is propelling the growth of the aircraft landing gear repair and overhaul market. The expansion of the aviation industry is directly linked to the growth of the economy, as it provides various opportunities for trade and commerce. Moreover, the aviation industry also supports tourism by providing air transport facilities to tourist destinations. This is expected to create a positive impact on the growth of the aircraft landing gear repair and overhaul market over the forecast period.

The commercial aviation sector is projected to grow at a rapid pace over the forecast period due to factors such as increased air traffic, a rise in disposable incomes, and growth in tourism. This is expected to directly translate into increased demand for aircraft maintenance and repairs, which in turn will drive the demand for aircraft landing gear repair and overhaul services.

Covid-19 Impact on Aircraft Landing Gear Repair Overhaul Market

As the COVID-19 pandemic continues its effect around the world, many defense and aerospace companies are facing its impact during this time around the world. For instance, commercial aviation companies in the U.S., France, Germany, and Canada are facing disruption in the production process and reduced demand as workforces stay at home, passengers stop traveling, and delay in the delivery of new aircraft. Analysts expect a drop from 3,000 to 4,000 aircraft during the pandemic period. On the defense side, contractors operating in the sector are in a better position, hence the impact of the pandemic is likely low in the short to mid-term. However, low demand due to budget constraints affects production as in aircraft manufacturing.

Report Includes

An overview of the global Aircraft Landing Gear Repair Overhaul market, and related technologies and developments. Analyses of global market trends, with historical data from 2018, 2019, and 2020 estimates and projections of CAGRs through 2029. It also includes breakdowns of the overall Aircraft Landing Gear Repair Overhaul market along with various segments, and by geographic region. Analysis of the stakeholder value chain in the Aircraft Landing Gear Repair Overhaul market and comprehensive profiles of leading companies in the industry

Report Scope

The report forecasts the size of the Aircraft Landing Gear Repair Overhaul market for components from 2022 through 2029
The Executive Summary provides a snapshot of key findings of the report. The introduction chapter includes research scope, market segmentation, research methodology, and definitions and assumptions. It involves extreme rigorous scientific methods, tools and techniques to estimate the market size. Exhaustive secondary research is being carried out to collect information related to the market, the parent market, and the peer market. Primary research is undertaken to validate the assumptions, findings, and sizing with the industry experts professionals across the value chain of the market. Both top-down and bottom-up approaches are employed to estimate the complete market size.

The chapter on market dynamics includes market drivers, restraints, and opportunities which helps familiarise with market potential and upcoming opportunities. The chapter on key insights includes emerging trends from major countries, latest technological advancement, regulatory landscape, SWOT analysis, and porters five forces analysis. This chapter provides detailed insights into the market, which derives the market trends, changing phase of investments, scope of profit potential, and helps to take appropriate business decisions. The chapter on competitive analysis includes profiling of leading companies in the global market to map the leading companies and their focus of interest in the market.

After deriving the market size from the market size estimation process, the total market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments, the data triangulation and market breakdown procedures is being used. The data triangulation is carried out by studying various factors and trends from demand and supply perspectives.

Segmentation Analysis:

There are three main segments of the aircraft landing gear repair and overhaul market: commercial, military, and general aviation.

The commercial segment is by far the largest, accounting for over 60% of the total market. This segment is expected to grow at a healthy pace over the next five years, driven by increasing air travel and new aircraft deliveries.

The military segment is the second largest, accounting for just under 30% of the total market. This segment is projected to grow at a slower pace than the commercial segment due to cuts in defense spending in many countries around the world.

The general aviation segment is the smallest, accounting for less than 10% of the total market. This segment is forecast to grow at a similar rate to the commercial segment over the next five years.

Global Aircraft Landing Gear Repair Overhaul Market Competitive Analysis:
Key players in the Global Aircraft Landing Gear Repair Overhaul market are AAR Corporation (US), Air France Industries KLM Engineering & Maintenance (France), Delta TechOps (US), FL Technics (Lithuania), Hong Kong Aircraft Engineering Company Limited (Hong Kong), Lufthansa Technik AG (Germany), RUAG Group (Switzerland), Safran (France), Singapore Technologies Engineering Ltd (Singapore), and Turkish Technic Inc. (Turkey) among other players.

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This study forecasts revenue and volume growth at global, regional, and country levels from 2018 to 2029. The Global Aircraft Landing Gear Repair Overhaul market is distributed on the basis of the below-mentioned segments:

Global Aircraft Landing Gear Repair Overhaul market, By Type:

• Fixed-Wing
• Rotary-Wing

Global Aircraft Landing Gear Repair Overhaul market, By Application:

• Commercial
• Military
• Others

Global Aircraft Landing Gear Repair Overhaul market, By Region:

• North America
  • US
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East and Africa
  • GCC
  • South Africa
  • Rest of Middle East and Africa

Research objectives:

• To study and analyze the global Aircraft Landing Gear Repair Overhaul market size by key regions/countries, product type and application, history data from 2018 to 2020, and forecast to 2029.
• To understand the structure of Aircraft Landing Gear Repair Overhaul market by identifying its various sub segments.
• Focuses on the key global Aircraft Landing Gear Repair Overhaul players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
• To analyze the Aircraft Landing Gear Repair Overhaul with respect to individual growth trends, future prospects, and their contribution to the total market.
• To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
• To project the size of Aircraft Landing Gear Repair Overhaul submarkets, with respect to key regions (along with their respective key countries).
• To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
• To strategically profile the key players and comprehensively analyze their growth strategies.
• To strategically profile the key players and comprehensively analyze their growth strategies.

The report lists the major players in the regions and their respective market share on the basis of global revenue. It also explains their strategic moves in the past few years, investments in product innovation, and changes in leadership to stay ahead in the competition. This will give the reader an edge over others as a well-informed decision can be made looking at the holistic picture of the market.

Key questions answered in this report

• What will the market size be in 2029 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Table of Contents: Aircraft Landing Gear Repair Overhaul Market

• Part 1: Overview of Aircraft Landing Gear Repair Overhaul Market
• Part 2: Aircraft Landing Gear Repair Overhaul Carts: Global Market Status and Forecast by Regions
• Part 3: Global Market Status and Forecast by Types
• Part 4: Global Market Status and Forecast by Downstream Industry
• Part 5: Market Driving Factor Analysis
• Part 6: Market Competition Status by Major Manufacturers
• Part 7: Major Manufacturers Introduction and Market Data
• Part 8: Upstream and Downstream Market Analysis
• Part 9: Cost and Gross Margin Analysis
• Part 10: Marketing Status Analysis
• Part 11: Market Report Conclusion
• Part 12: Aircraft Landing Gear Repair Overhaul: Research Methodology and Reference

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