-- Aircraft Landing Gear Repair and Overhaul Market Synopsis
The global aircraft landing gear repair & overhaul market is presumed to experience 6 % CAGR during the forecast period (2018-2023) owing to the growth in the airline industry, asserts Market Research Future (MRFR). Landing gear refers to the undercarriage of the aircraft entitled to sustain the entire weight associated with aircraft during take-off or landing.
The landing gear undergoes heavy stress and loads during take-off and landing which results in the wear and tear of the gears, and thus it needs repair and overhaul in fixed time intervals. To achieve optimum fuel efficiency, technologically advanced landing gears are equipped.
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Competitive Dashboard
The major players operating the global market are:
• American Equipment Company (U.S.)
• Safran (France)
• Lufthansa Technik (Germany)
• Aero Precision Repair & Overhaul Co. Inc. (U.S.)
• Czech Airlines Technics, SUN-AIR Technic (U.S.)
• Delta TechOps (U.S.)
• Liebherr (Germany)
• Sunvair (U.S.)
• RUAG Group (Switzerland)
• Aeropol Aviation Services Corp. (Canada)
• ATI Aviation Services (U.S.)
• Landing Gear Technologies LLC (U.S.)
• AAR (U.S.)
Industry Updates
November 06, 2018: Revima has planned to establish a landing-gear overhaul facility near Bangkok, which is scheduled to open in 2020. The shop will be located in Chon Buri, and initially concentrate on serving landing gears for Boeing 737s and Airbus A320-family jets.
Drivers and Constraints Impacting the Market
With the growth in airline and air traffic industry, the global aircraft landing gear repair and overhaul market are presumed to flourish. Also, the increasing focus of airline companies to ensure the safety of flight coupled with the demand for maintenance of lightweight landing gears is some of the major factors influencing the market growth for landing gears positively. Moreover, the growing defense and military budget coupled with rising demand for advanced aircrafts are likely to augment the market for aircraft landing gear repair and overhaul across the globe.
On the flip side, high maintenance cost of landing gears, requirement for highly advanced maintenance equipment and machines, and inaccessibility of repair and overhaul parts are some of the major factors impeding the market growth over the review period.
Global Aircraft Landing Gear Repair & Overhaul Market: Segmental Analysis
The global aircraft landing gear repair & overhaul market has been segmented on the basis of aircraft type, component, application, gear position, and region.
By mode of aircraft type, the global aircraft landing gear repair & overhaul market has been segmented into rotary-wing and fixed. Among these, the rotary-wing segment is considered to expand at the fastest rate owing to the growing demand for helicopters from the military sector.
By mode of application, the global aircraft landing gear repair & overhaul market has been segmented into military and commercial. Among these, the commercial segment accounts for the largest market share. The growth is attributed to the growing production of commercial aircrafts in order to meet the demand of increasing air passengers.
By mode of component, the global aircraft landing gear repair & overhaul market has been segmented into actuation system, landing gear steering system, and others.
By mode of gear position, the global aircraft landing gear repair & overhaul market has been segmented into nose and main landing. Among these, the main landing gear is considered to account for the largest market share owing to the high adoption of gear in all types of aircrafts. Moreover, improved supply chain facilities and developing a long-term partnership with clients also influence the market globally.
Regional Insights
Geographically, the global aircraft landing gear repair & overhaul market span across regions namely, Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa.
Among all the regions, Europe is presumed to expand at a substantial rate during the forecast period. The growth can be majorly attributed to the presence of major companies such as Air Safran, Airbus, and Lufthansa Technik. Such major companies offer major repair and overhaul services for the airplanes. Moreover, the increasing number of aircrafts expects larger participation of regional companies to offer maintenance, overhaul, and repair services for the aircraft landing gear.
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Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Threat of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power of Buyers
3.2 Value Chain/supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Continued.........
List of Tables
Table 1 Global Aircraft Landing Gear Repair and Overhaul Market: by Region, 2018-2023
Table 2 North America Aircraft Landing Gear Repair and Overhaul Market: by Country, 2018-2023
Table 3 Europe Aircraft Landing Gear Repair and Overhaul Market: by Country, 2018-2023
Table 4 Asia-pacific Aircraft Landing Gear Repair and Overhaul Market: by Country, 2018-2023
Table 5 Middle East & Africa Aircraft Landing Gear Repair and Overhaul Market: by Country, 2018-2023
Table 6 Latin America Aircraft Landing Gear Repair and Overhaul Market: by Country, 2018-2023
Table 7 Global Aircraft Landing Gear Repair and Overhaul Market, by Aircraft Type, 2018-2023
Table 8 North America Aircraft Landing Gear Repair and Overhaul Market, by Aircraft Type, 2018-2023
Table 9 Europe Aircraft Landing Gear Repair and Overhaul Market, by Aircraft Type, 2018-2023
Table 10 Asia-pacific Aircraft Landing Gear Repair and Overhaul Market by Aircraft Type, 2018-2023
Continued........
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