A recent report published by Infinium Global Research on commercial aircraft landing gear market provides in-depth analysis of segments and sub-segments in the global as well as regional commercial aircraft landing gear market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional commercial aircraft landing gear market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global commercial aircraft landing gear market. According to the report, the global commercial aircraft landing gear market is projected to grow at a CAGR of 5.9% over the forecast period of 2019-2025.
The landing gear is one of the most visible systems on aircraft. Aircraft landing gear consists of wheels equipped with simple shock absorbers, or more advanced air/oil oleo struts, for runway and rough terrain landing. An important role of the landing gear system is to absorb aircraft load during the landing and provide a suspension system while take-off and landing. It needs to be retractable to provide acceptable aerodynamic loading also carries the primary braking system as well to provide an all wheels on the ground steering system.
The growing number of fleets production and growing demand for aircraft as a way of transportation are the driving factor for the growth of the global commercial aircraft landing gear market. Rising demand for the unmanned aerial vehicles and commercial aircraft fuels the growth of the commercial aircraft landing gear market. On the other hand, lack of safety regulation and high research and development cost of the product may hamper the growth of the global commercial aircraft landing gear market. Strict government regulations regarding air traffic management are also one of the restraining factors for the growth of the commercial aircraft landing gear market. Furthermore, technological advancement in the aviation industry creates an opportunity for the growth of the global commercial aircraft landing gear market.
Geographically, North America region dominates by the largest market share in the commercial aircraft landing gear market due to the presence of multiple airport and demand for the production of lightweight aircraft. The U.S is accounted for the largest market share followed by Canada and Mexico. Moreover, the Asia Pacific region expected to boost the growth of the commercial aircraft landing gear market in the forecast period due to the low cost for the commercial carriers and growing demand in the tourism sector. In Asia-Pacific, China holds the highest share followed by Japan and India.
The report on global commercial aircraft landing gear market covers segments such as type, aircraft type, and application. On the basis of type, the sub-markets include main landing gear, and nose landing gear. On the basis of aircraft type, the sub-markets include narrow-body, regional jet, wide-body, and other aircraft types. On the basis of application, the sub-markets include commercial aviation, military aviation, business aviation, and other applications.
The report provides profiles of the companies in the market such as CIRCOR International, Inc., Eaton Corporation plc, The Liebherr Group, Magellan Aerospace Corporation, United Technologies Corporation, Triumph Group, Inc., Safran S.A., GKN Aerospace Services Ltd., Aerospace Turbine Rotables, Inc. (AeTR), Héroux-Devtek Inc., and Other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of commercial aircraft landing gear market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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