Aircraft Landing Gear Repair and Overhaul Market Research Report – Forecast to 2023

Aircraft Landing Gear Repair and Overhaul Market Research Report By Forecast To 2023

Industry Survey, Growth, Competitive Landscape and Forecasts to 2023

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Aircraft Landing Gear Repair and Overhaul Market Research Report - Forecast to 2023 Global Aircraft Landing Gear Repair and Overhaul Market Research Report Information: Type (Services), End-user (Industrial, Commercial, ResAircraft Landing Gear Repair & Overhaul Market by Aircraft Type (Fixed, Rotary-Wing), Application (Commercial, Military), Component (Landing Gear Steering System, Actuation System, Others), Gear Position (Main, Nose Landing), & by Region-Forecast Till 2023idential), By Region – Forecast Till 2023 An undercarriage of the aircraft that is entitled to sustain the entire weight related to the aircraft during take-off and landing is known as landing gear. The landing gear undergo heavy stresses and loads during take-off and landing of the aircraft. This results in wear and tear of the landing gears, and thus, need repair and overhaul in fixed time intervals. If the aircraft landing gears maintenance is not carried out regularly, it can affect the working of the landing gears and indirectly hamper the overall efficiency of the aircraft. Presently, technologically advanced landing gears are equipped in aircraft to achieve optimum fuel efficiency.

The drivers of this market are the rise in growth of air traffic and airline industry, rising focus of airline companies on ensuring flight safety, and demand for maintenance of advanced lightweight landing gears. However, the requirement for highly advanced maintenance machines and equipment, inaccessibility of repair and overhaul parts, and high maintenance costs of the landing gear are the challenges faced in the market. The challenge for the major companies in this market is the growing business of small/local maintenance service providers.

Based on aircraft type, the aircraft landing gear repair and overhaul market has been segmented into fixed-wing and rotarywing aircraft. The rotary-wing segment is projected to grow at the fastest rate in this market during the forecast period. The growth of the rotary-wing segment can be attributed to the increasing demand for helicopters from the military sector. Due to this increasing demand, the need for landing gear repair and overhaul will be rising during the forecast period.

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Aircraft Landing Gear Repair and Overhaul Market Research Report - Forecast to 2023 The aviation sector is expected to witness substantial growth due to the increased manufacturing of next-generation aircraft. Improvements in the global economic conditions have led to a rise in the global air passenger traffic. In the past few years, there has been a sudden rise in the number of commercial aircraft to fulfill the increasing air traffic. This growth in the number of commercial aircraft is expected to drive the aircraft landing gear repair and overhaul market.

Nearly 80% of main landing gear overhauls will be performed on Boeing and Airbus jets, roughly 60% of these will be in Boeing models, and about 20% in Airbus jets. However, the market for landing gear repair and overhaul is changing as older aircraft services is replaced with newer advanced services. As a result, the major challenge for these service providers is to equip the technologically advanced service systems.

There is an increased number of air travel across short routes among countries, such as the U.S. and Canada in North America. In addition, regions such as Europe and the Middle East & Africa show prominent growth rate due to the fastpaced growth in the airline industry. As a result, the market growth for repair and overhaul of aircraft landing gear will rise during the forecast period.

Europe is expected to grow substantially in the global aircraft landing gear repair and overhaul market during the forecast period. Since, Europe has a presence of major companies, such as Airbus, Air Safran and Lufthansa Technik. These companies offers major repair and overhaul services for the planes. The rise in the number of aircraft, it is expected that there would be larger participation of the regional companies, in providing maintenance, repair, and overhaul services for the aircraft landing gear. The aircraft landing gear repair and overhaul market is estimated to witness a CAGR of more than 6% during the forecast period from 2018 to 2023.

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Aircraft Landing Gear Repair and Overhaul Market Research Report Forecast to 2023

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Aircraft Landing Gear Repair and Overhaul Market Research Report - Forecast to 2023 Key Players The key players in the aircraft landing gear repair and overhaul market are Lufthansa Technik (Germany), Safran (France), Delta TechOps (U.S.), AAR (U.S.), ATI Aviation Services (U.S.), Sunvair (U.S.), Aeropol Aviation Services Corp. (Canada), SUNAIR Technic (U.S.), Aero Precision Repair & Overhaul Co., Inc. (U.S.), Czech Airlines Technics, a.s. (Czech Republic), Landing Gear Technologies, LLC (U.S.), Liebherr (Germany), American Equipment Company (U.S.), and RUAG Group (Switzerland).

The report for Global Aircraft Landing Gear Repair and Overhaul Market by Market Research Future covers extensive primary research. This is accompanied with a detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.

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