According to the latest research by SkyQuest Technology, the Global Aircraft Wheel Market was valued at USD 1.25 Billion in 2021, and it is expected to reach USD 2.86 Billion by 2028, with a CAGR of 14.76 % during the forecast period of 2022 – 2028.
The research provides up-to-date aircraft wheel market analysis of the current market landscape, latest aircraft wheel market trends, aircraft wheel market drivers, and overall market insight.
Global Aircraft Wheel Market is estimated to witness a significant surge during the forecasted period. Increasing Commercial aviation and significant expenditures made in Military aviation have envisaged a way for Aircraft Wheel Market. Lesser firms worldwide placed aircraft Orders worth over 76 billion U.S. dollars to Airbus in June 2021.
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Aircraft wheels are crucial to aircraft landing and taking off. The wheels are significant to the landing gear system and need to be of good quality and strength to bear the aircraft weight. An Aircraft wheel needs to be lightweight and strong enough to take the entire weight of the airplane. Owing to environmental conditions, climatic changes the aircraft needs to be well equipped for an emergency landing. Radial Aircraft wheels are said to be suitable for landing due to its lightweight, perpendicular orientation in the direction of wheel rotation and fuel efficiency. Several aftermarket OEMs are investing in quality products and leveraging ways to meet industry manufacturing demand which thereby increases the market prospects for Aircraft Wheel Market.
Report Findings
· Drivers- Rapid growth in tourism and travel driving air travel demand hence, leading the Global Aircraft Wheel Market growth
· Restraint- Stringent laws and regulations to hold the growth potential of small-sized enterprises
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What does this Global Aircraft Wheel Study Deliver?
· Market Estimation for 20+ Countries
· Market scenario by region, sub-region, and country
· Customization on Segments, Regions, and Company Profiles
· 100+ tables, 150+ Figures
· Global, Regional, and Country specific Global Aircraft Wheel market Trends
· Comprehensive Mapping of Aircraft Wheel Industry Parameters
· Attractive Investment Proposition
· Competitive Strategies Adopted by Leading Global Aircraft Wheel market Players
List of Key Players of Secure Logistics Market
· Collins Aerospace (US)
· Zlin Aircraft a.s (Czech Republic.)
· MATCO Manufacturing Inc (US)
· Lufthansa Technik (Germany)
· Parker Hannifin Corporation (US)
· Meggitt PLC(US)
· Honeywell International Inc (US)
· NMG Aerospace (US)
· Crane Aerospace & Electronics (US)
· United Technologies Corporation (US)
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