Commercial Aircraft Landing Gear Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 3.14 Billion |
| Market Size (2029) | USD 5.37 Billion |
| CAGR (2024 - 2029) | 11.31 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Commercial Aircraft Landing Gear Market Analysis
The Commercial Aircraft Landing Gear Market size is estimated at USD 3.14 billion in 2024, and is expected to reach USD 5.37 billion by 2029, growing at a CAGR of 11.31% during the forecast period (2024-2029).
The expansion of major airlines' fleet sizes and the rapid growth of the commercial aviation sector are expected to drive demand for new airliners and, as a result, landing gear. Due to the increased production of next-generation aircraft, the civil aviation sector is expected to grow significantly. Improvements in global economic conditions increased global air passenger traffic.
Airlines across developed economies, such as the US and Germany, face growing competition from LCCs, as these carriers are transforming older, fuel-inefficient airplanes with new economic single-aisle models. Moreover, increased demand for replacing aging airliners, especially in emerging markets, is expected to further drive the need for commercial airplanes over the forecast period.
However, challenges such as increasing energy costs, expensive raw materials, and US dollar inflation are expected to restrain the industry's growth in the future.
Airplane manufacturers now use lightweight materials, electronic technologies, and innovative solutions to optimize overall aircraft performance during touchdowns and reduce aircraft downtime. These new systems require a lower degree of maintenance than their traditional counterparts. The increasing need for more fuel-efficient and eco-friendly airliners to replace the older ones is expected to drive the industry over the forecast period.
Commercial Aircraft Landing Gear Market Trends
The Main Landing Gear Segment to Dominate the Market During the Forecasted Period
The main landing gear bears the weight of the aircraft during the first impact. Hence, the number of tires used in them is higher than the nose landing gears. The main landing gear manufacturing involves more costs due to a higher number of parts compared to the nose landing gears. Thus, the revenues from this segment are much higher than the nose landing gears segment. Widebody aircraft and large freighter aircraft are the main revenue generators for the segment, as they require large main landing gear equipment to support the weight of the aircraft.
Furthermore, the cost of purchasing new landing gear, the cost of MRO (maintenance, repair, and operations), and aftermarket costs for the multi-bogey landing gear used in widebody aircraft are high. For instance, in the A380, the world's largest commercial aircraft, the main landing gear consists of 20 wheels in total. In September 2022, Revima Asia Pacific announced that it had signed a 2-year agreement with Luxair for the provision of a B737 NG landing gear overhaul. With the increase in air passenger traffic, airlines started operating on all major routes and also added new routes, thus, in turn, creating a new demand for the commercial landing gear market.
Asia-Pacific is Expected to Register the Highest CAGR During the Forecast Period
Asia-Pacific is anticipated to register the highest growth rate during the forecast period. This is mainly due to the increasing investments from India and China in the aviation sector and the rising demand for commercial aircraft due to increased air traffic. According to IATA, Asia-Pacific Airlines posted a 126.1% rise in full-year international 2023 traffic compared to 2022. Capacity rose 101.8%, and the load factor climbed 9.0 percentage points to 83.1%. December 2023 traffic rose 56.9% compared to December 2022.
In September 2022, Triumph Group's Product Support business in Chonburi, Thailand (TASA), extended its contract with Airbus to continue providing repair station services for Airbus Proprietary Parts. Satair, an Airbus services company and leader in the commercial aerospace aftermarket manages the business.
In November 2022, China Aviation Supplies (CASC) officially signed a bulk purchasing agreement for 140 Airbus jets. The order worth USD 17 billion deal comprised CASC's pre-existing orders. Also, in July 2022, Airbus confirmed the signature of multiple aircraft orders with Air China, China Eastern, China Southern, and Shenzhen Airlines for a total of 292 A320 family aircraft. It demonstrated an extremely positive recovery momentum for the Chinese aviation market.
Such an immense order for aircraft is expected to drive high demand for landing gears to be installed on these aircraft, leading to an exponential rise in market growth opportunities during the forecast period.
Commercial Aircraft Landing Gear Industry Overview
The market for commercial aircraft landing gear is consolidated due to the presence of few players in the market. The market includes landing gear system suppliers, component providers, landing gear integrators, and MRO providers. Safran SA, Raytheon Technologies Corporation, Honeywell International Inc., AAR CORP., and Parker Meggitt (Parker-Hannifin Corporation) are prominent players in the market. The market is forecasted to consolidate during the forecast period on account of inorganic growth via mergers and acquisitions to create MRO conglomerates and enhance service quality. On this note, in September 2022, Parker Aerospace announced that it acquired Meggitt PLC for USD 7.8 billion.
Landing gear suppliers are also investing in the research and development of advanced lightweight landing gear systems (to increase the fuel efficiency of aircraft), noise-reducing devices, and electric landing gear systems (to reduce carbon emissions from aircraft). In collaboration with JAXA, Kawasaki Heavy Industries, and Mitsubishi Aircraft Corporation, SPP is involved in FQUROH (flight demonstration of quiet technology to reduce noise from high-lift configurations). It aims to design and manufacture noise-reduction devices attached to the main landing gear.
Commercial Aircraft Landing Gear Market Leaders
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Safran SA
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Honeywell International Inc.
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AAR CORP.
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Parker Meggitt (Parker-Hannifin Corporation)
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RTX Corporartion
*Disclaimer: Major Players sorted in no particular order
Commercial Aircraft Landing Gear Market News
- March 2023: Emirates, the Dubai-based airline and the world's largest operator of Airbus A380 long-range aircraft, recently signed two major contracts for comprehensive Maintenance, Repair, and Overhaul (MRO) services with Lufthansa Technik AG. According to the agreement, Lufthansa Technik will provide Emirates with highly flexible extra capacity for A380 base maintenance, such as C-checks and overhaul of the airline's double-deck flagships' main landing gears.
- July 2022: Ethiopian Airlines announced that it signed a contract with Boeing Global Services. The contract includes a landing gear exchange program for 19 Boeing V787 models and a five-year contract for airplane health management services.
- April 2022: Liebherr Aerospace and Airbus signed a contract for their long-term collaboration to jointly design key features of the landing gear for Airbus' future requirements.
Commercial Aircraft Landing Gear Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Challenges
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Landing Gear Type
- 5.1.1 Main Landing Gear
- 5.1.2 Nose Landing Gear
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5.2 Aircraft Type
- 5.2.1 Narrowbody
- 5.2.2 Widebody
- 5.2.3 Regional Jet
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.2 Europe
- 5.3.2.1 United Kingdom
- 5.3.2.2 France
- 5.3.2.3 Germany
- 5.3.2.4 Italy
- 5.3.2.5 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 China
- 5.3.3.2 India
- 5.3.3.3 Japan
- 5.3.3.4 South Korea
- 5.3.3.5 Rest of Asia-Pacific
- 5.3.4 Latin America
- 5.3.4.1 Brazil
- 5.3.4.2 Mexico
- 5.3.4.3 Rest of Latin America
- 5.3.5 Middle East and Africa
- 5.3.5.1 United Arab Emirates
- 5.3.5.2 Saudi Arabia
- 5.3.5.3 South Africa
- 5.3.5.4 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Vendor Market Share
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6.2 Company Profiles
- 6.2.1 Heroux-Devtek Inc.
- 6.2.2 CIRCOR International Inc.
- 6.2.3 Magellan Aerospace Corp.
- 6.2.4 Triumph Group Inc.
- 6.2.5 Safran SA
- 6.2.6 RTX Corporation
- 6.2.7 Sumitomo Precision Products Co. Ltd.
- 6.2.8 AAR CORP.
- 6.2.9 Liebherr-International Deutschland GmbH
- 6.2.10 Honeywell International Inc.
- 6.2.11 Revima Group
- 6.2.12 Parker Meggitt (Parker-Hannifin Corporation)
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Commercial Aircraft Landing Gear Industry Segmentation
Landing gears provide a suspension system to the aircraft during taxiing, take-off, and landing while facilitating braking and direction control through the provisions of integrating supportive systems for the aircraft.
The commercial aircraft landing gear market is segmented by landing gear type, aircraft type, and geography. By landing gear type, the market is segmented into nose landing gear and main landing gear. The market is segmented by aircraft type into narrowbody, widebody, and regional jets. The report also covers the market sizes and forecasts for the commercial aircraft landing gear market in major countries across different regions. The market size is provided for each segment in terms of value (USD).
| Landing Gear Type | Main Landing Gear | |
| Nose Landing Gear | ||
| Aircraft Type | Narrowbody | |
| Widebody | ||
| Regional Jet | ||
| Geography | North America | United States |
| Canada | ||
| Geography | Europe | United Kingdom |
| France | ||
| Germany | ||
| Italy | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Latin America | Brazil |
| Mexico | ||
| Rest of Latin America | ||
| Geography | Middle East and Africa | United Arab Emirates |
| Saudi Arabia | ||
| South Africa | ||
| Rest of Middle East and Africa |
Commercial Aircraft Landing Gear Market Research FAQs
How big is the Commercial Aircraft Landing Gear Market?
The Commercial Aircraft Landing Gear Market size is expected to reach USD 3.14 billion in 2024 and grow at a CAGR of 11.31% to reach USD 5.37 billion by 2029.
What is the current Commercial Aircraft Landing Gear Market size?
In 2024, the Commercial Aircraft Landing Gear Market size is expected to reach USD 3.14 billion.
Who are the key players in Commercial Aircraft Landing Gear Market?
Safran SA, Honeywell International Inc., AAR CORP., Parker Meggitt (Parker-Hannifin Corporation) and RTX Corporartion are the major companies operating in the Commercial Aircraft Landing Gear Market.
Which is the fastest growing region in Commercial Aircraft Landing Gear Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Commercial Aircraft Landing Gear Market?
In 2024, the North America accounts for the largest market share in Commercial Aircraft Landing Gear Market.
What years does this Commercial Aircraft Landing Gear Market cover, and what was the market size in 2023?
In 2023, the Commercial Aircraft Landing Gear Market size was estimated at USD 2.78 billion. The report covers the Commercial Aircraft Landing Gear Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Commercial Aircraft Landing Gear Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
What are the emerging technologies shaping the future of Commercial Aircraft Landing Gear Market?
The emerging technologies shaping the future of the Commercial Aircraft Landing Gear Market are a) Advancements in materials b) Automation for maintenance tasks c) Sensor integration for enhanced performance monitoring
What are the challenges faced by new entrants in the Commercial Aircraft Landing Gear Market?
The challenges faced by new entrants in the Commercial Aircraft Landing Gear Market are a) High R&D costs b) Stringent regulations c) Competition from established players in the market
Aircraft Landing Gear Repair and Overhaul Industry Report
The commercial aircraft landing gear industry is experiencing significant growth, fueled by the demand for advanced, lightweight systems to boost fuel efficiency and operational performance. This surge is linked to the global aviation sector's expansion and the need for new airliners with technologically advanced landing gears. The market benefits from increased air traffic and airline industry growth, with a notable demand for narrow-body, single-aisle aircraft, especially among low-cost carriers for short-range flights. The airplane landing gear market is also seeing innovations, such as lighter composites and titanium materials, aimed at reducing weight and enhancing efficiency. Despite challenges in meeting regulatory and safety standards, opportunities in electric and noise-reducing systems signal a promising future for the market. Additionally, the Aircraft Landing Gear Repair and Overhaul market is analyzed by Mordor Intelligence™, offering insights into market share, size, revenue growth, and a forecast outlook, available as a free report PDF download, highlighting the industry's dynamic nature and growth potential.
