Los Angeles, CA -- (SBWire) -- 04/13/2019 --Aircraft wheels are an important component of a landing gear system. With tires mounted upon them, they support the entire weight of the aircraft during taxi, takeoff, and landing. The typical aircraft wheel is lightweight, strong, and made from aluminum alloy. Some magnesium alloy wheels also exist. Early aircraft wheels were of single piece construction, much the same as the modern automobile wheel.
As aircraft tires were improved for the purpose they serve, they were made stiffer to better absorb the forces of landing without blowing out or separating from the rim. Stretching such a tire over a single piece wheel rim was not possible. A two-piece wheel was developed. Early two-piece aircraft wheels were essentially one-piece wheels with a removable rim to allow mounting access for the tire. These are still found on older aircraft. Later, wheels with two nearly symmetrical halves were developed. Nearly all modern aircraft wheels are of this two piece construction.
The global average price of aircraft wheels is stable from 2012 to 2016. With the change of global economy and raw material price, aircraft wheels prices will be in slowly decreasing trend in the following five years.
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Market competition is very intense. Safran, UTC, Meggitt, Honeywell, and Parker Hannifin are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.
The global Aircraft Wheels market was 54 million US$ in 2018 and is expected to 71 million US$ by the end of 2025, growing at a CAGR of 3.3% between 2019 and 2025.
This report studies the Aircraft Wheels market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Aircraft Wheels in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Safran
UTC
Meggit
Honeywell
Parker Hannifin
By the product type, the market is primarily split into
Main Wheel
Nose Wheel
By the end users/application, this report covers the following segments
Civil Aircraft
Military Aircraft
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Global Aircraft Wheels Market Anticipated to Earn US $71 Mn by 2025
The Aircraft Wheels Market report contains a complete product overview and its scope in the market to define the key terms and provide the clients a holistic idea of the market and its tendency.