NEW YORK, Dec. 12, 2016 /PRNewswire/ -- The future of the global commercial aerospace landing gear market looks good with opportunities in the commercial aircraft, regional aircraft, and business jet. The global commercial aerospace landing gear market is expected to reach an estimated $2.8 billion by 2021 at a CAGR of 4.1% from 2016 to 2021. The major drivers of growth for this market are increasing deliveries of aircraft and upcoming aircraft programs leading to growth in demand for commercial aerospace landing gear.
Emerging trends, which have a direct impact on the dynamics of the industry, include the introduction of electric brakes and increasing usage of lightweight materials in landing gear manufacturing.
A total of 31 figures / charts and 15 tables are provided in this 80-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this report, download the report brochure.
The study includes a forecast for the growth opportunities in the global commercial aerospace landing gear market by aircraft type, landing gear type, and region as follows:
By Aircraft Type (Value $ million from 2010 to 2021):
- Commercial Aircraft
- Regional Aircraft
- Business Jet
By Landing Gear Type (Value $ million 2015):
- Main Landing Gear
- Nose Landing Gear
By Region (Value $ million from 2010 to 2021):
The Rest of the World
Messier-Bugatti-Dowty, UTC Aerospace Systems, Liebherr, and Héroux-Devtek are among the major manufacturers of commercial aerospace landing gear. Of these, several are seeking mergers and acquisitions as strategic initiatives to drive growth.
On the basis of its comprehensive research, Lucintel forecasts that the commercial aircraft segment is expected to show above average growth during the forecast period of 2016 to 2021.
Within the global commercial aerospace landing gear market, main landing gear is the largest segment as an aircraft landing gear arrangement contains two main landing gears and a nose landing gear.
North America is expected to remain the largest region because the major customers of landing gear such as Boeing, Bombardier, Cessna Aircraft, and Gulfstream Aerospace are located in this region.
This report answers the following 11 key questions:
Q.1 What are some of the potential, high-growth opportunities for the global commercial aerospace landing gear market by landing gear type (Main Landing Gear and Nose Landing Gear), aircraft type (Commercial Aircraft, Regional Aircraft, and Business Jet), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges in this market?
Q.5 What are the business risks and threats of this market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are some of the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 How is the competitive rivalry and threat of substitution in this market?
Q.11 What M&A activity has occurred in the last 5 years?
Lucintel has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team.
The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors' financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel's professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted in the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts in the market. Some of the raw material suppliers in global commercial aerospace landing gear market are Alcoa, Hexcel, RTI International Metals, Harper International, Airport Metals (Australia) Pty Ltd., and others. Some of the commercial aerospace landing gear manufacturers in this market are Messier-Bugatti-Dowty, UTC Aerospace Systems, Héroux-Devtek, Liebherr, Circor Aerospace, SPP Canada Aircraft and others. These companies manufacture main landing gear and nose landing gear.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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