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.
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.
*All our reports are customizable as per customer requirements
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:
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.
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.
*All our reports are customizable as per customer requirements
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
- Commercial
- Military
- Others
- 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
Aircraft Landing Gear Repair Overhaul MARKET STUDY GLOBAL MARKET ANALYSIS, INSIGHTS AND FORECAST, 2020-2027
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Aircraft Landing Gear Repair Overhaul Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Segment 1
- 5.2.1. Sub-Segment 1
- 5.2.2. Sub-Segment 2
- 5.3. Market Analysis, Insights and Forecast – By Segment 2
- 5.3.1. Sub-Segment 1
- 5.3.2. Sub-Segment 2
- 5.3.3. Sub-Segment 3
- 5.3.4. Others
- 5.4. Market Analysis, Insights and Forecast – By Segment 3
- 5.4.1. Sub-Segment 1
- 5.4.2. Sub-Segment 2
- 5.4.3. Sub-Segment 3
- 5.4.4. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Latin America
- 5.5.3. Europe
- 5.5.4. Asia Pacific
- 5.5.5. Middle East and Africa
6. North America Aircraft Landing Gear Repair Overhaul Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Segment 1
- 6.2.1. Sub-Segment 1
- 6.2.2. Sub-Segment 2
- 6.3. Market Analysis, Insights and Forecast – By Segment 2
- 6.3.1. Sub-Segment 1
- 6.3.2. Sub-Segment 2
- 6.3.3. Sub-Segment 3
- 6.3.4. Others
- 6.4. Market Analysis, Insights and Forecast – By Segment 3
- 6.4.1. Sub-Segment 1
- 6.4.2. Sub-Segment 2
- 6.4.3. Sub-Segment 3
- 6.4.4. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Latin America Aircraft Landing Gear Repair Overhaul Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Segment 1
- 7.2.1. Sub-Segment 1
- 7.2.2. Sub-Segment 2
- 7.3. Market Analysis, Insights and Forecast – By Segment 2
- 7.3.1. Sub-Segment 1
- 7.3.2. Sub-Segment 2
- 7.3.3. Sub-Segment 3
- 7.3.4. Others
- 7.4. Market Analysis, Insights and Forecast – By Segment 3
- 7.4.1. Sub-Segment 1
- 7.4.2. Sub-Segment 2
- 7.4.3. Sub-Segment 3
- 7.4.4. Others
- 7.5. Insights and Forecast – By Country
- 7.5.1. Brazil
- 7.5.2. Mexico
- 7.5.3. Rest of Latin America
8. Europe Aircraft Landing Gear Repair Overhaul Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Segment 1
- 8.2.1. Sub-Segment 1
- 8.2.2. Sub-Segment 2
- 8.3. Market Analysis, Insights and Forecast – By Segment 2
- 8.3.1. Sub-Segment 1
- 8.3.2. Sub-Segment 2
- 8.3.3. Sub-Segment 3
- 8.3.4. Others
- 8.4. Market Analysis, Insights and Forecast – By Segment 3
- 8.4.1. Sub-Segment 1
- 8.4.2. Sub-Segment 2
- 8.4.3. Sub-Segment 3
- 8.4.4. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. UK
- 8.5.2. Germany
- 8.5.3. France
- 8.5.4. Italy
- 8.5.5. Spain
- 8.5.6. Russia
- 8.5.7. Rest of Europe
9. Asia Pacific Aircraft Landing Gear Repair Overhaul Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Segment 1
- 9.2.1. Sub-Segment 1
- 9.2.2. Sub-Segment 2
- 9.3. Market Analysis, Insights and Forecast – By Segment 2
- 9.3.1. Sub-Segment 1
- 9.3.2. Sub-Segment 2
- 9.3.3. Sub-Segment 3
- 9.3.4. Others
- 9.4. Market Analysis, Insights and Forecast – By Segment 3
- 9.4.1. Sub-Segment 1
- 9.4.2. Sub-Segment 2
- 9.4.3. Sub-Segment 3
- 9.4.4. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. China
- 9.5.2. India
- 9.5.3. Japan
- 9.5.4. Australia
- 9.5.5. South East Asia
- 9.5.6. Rest of Asia Pacific
10. Middle East & Africa Aircraft Landing Gear Repair Overhaul Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Segment 1
- 10.2.1. Sub-Segment 1
- 10.2.2. Sub-Segment 2
- 10.3. Market Analysis, Insights and Forecast – By Segment 2
- 10.3.1. Sub-Segment 1
- 10.3.2. Sub-Segment 2
- 10.3.3. Sub-Segment 3
- 10.3.4. Others
- 10.4. Market Analysis, Insights and Forecast – By Segment 3
- 10.4.1. Sub-Segment 1
- 10.4.2. Sub-Segment 2
- 10.4.3. Sub-Segment 3
- 10.4.4. Others
- 10.5. Market Analysis, Insights and Forecast – By Country
- 10.5.1. GCC
- 10.5.2. South Africa
- 10.5.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2018
- 11.2. Key Industry Developments
- 11.3. Company Profile
- 11.3.1. Company 1
- 11.3.1.1. Business Overview
- 11.3.1.2. Segment 1 & Service Offering
- 11.3.1.3. Overall Revenue
- 11.3.1.4. Geographic Presence
- 11.3.1.5. Recent Development
- 11.3.2. Company 2
- 11.3.3. Company 3
- 11.3.4. Company 4
- 11.3.5. Company 5
- 11.3.6. Company 6
- 11.3.7. Company 7
- 11.3.8. Company 8
- 11.3.9. Company 9
- 11.3.10. Company 10
- 11.3.11. Company 11
- 11.3.12. Company 12
- 11.3.1. Company 1
Research Process
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
