Commercial Aircraft Landing Gear MRO Market Size (2024 - 2029)

The commercial aircraft landing gear MRO market is anticipated to experience growth due to the rising demand for maintenance and repair services, driven by an increase in air passenger traffic and the expansion of airline fleets. The normalization of air travel post-pandemic has led to a resurgence in aircraft orders, which is expected to boost the market size. As more aircraft enter operation, the need for landing gear maintenance and repair services will grow, contributing to the market's expansion in the coming years.

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Market Size of Commercial Aircraft Landing Gear MRO Industry

Commercial Aircraft Landing Gear MRO Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 5.90 %
Market Concentration Low

Major Players

Commercial Aircraft Landing Gear MRO Market Major Players

*Disclaimer: Major Players sorted in no particular order

Commercial Aircraft Landing Gear MRO Market Analysis

The commercial aircraft landing gear MRO market is projected to register a CAGR of 5.9% during the forecast period.

  • The COVID-19 pandemic had a significant impact on all sectors, including the aviation industry. Due to restrictions on air travel, the overall passenger traffic declined by 60% to 65%. However, as the situation normalized in the fiscal year 2021-2022, the number of air passengers increased, leading to the unfreezing of standby orders of commercial aircraft and an increase in orders from airline companies.
  • As of September 2022, the total traffic measured in revenue passenger kilometers (RPKs) rose by 57.0% compared to September 2021. Global traffic is now at 73.8% of the levels seen in September 2019. This increase in air passenger traffic has led to an expansion of airline companies' aircraft fleets, which, in turn, is expected to directly impact the landing gear MRO market.
  • The rise in air passenger traffic is expected to lead to more frequent flight operations and an increase in the procurement of new aircraft, which will subsequently impact the landing gear MRO market in the coming years. This is because as the number of aircraft in operation increases, there will be a greater need for maintenance and repair services, including landing gear MRO services. As a result, the landing gear MRO market is expected to experience growth in the coming years, with increasing demand for maintenance and repair services.

Commercial Aircraft Landing Gear MRO Industry Segmentation

Landing gears are important, as they provide a suspension system to the aircraft during taxiing, take-off, and landing, while also facilitating braking and direction control through the provisions of integrating supportive systems for the aircraft. The commercial aircraft landing gear MRO includes the maintenance, repair, and overhaul services of commercial aircraft.

The commercial aircraft landing gear MRO market is segmented by landing gear type, aircraft type, MRO type, and geography. By landing gear type, the market is segmented into main landing gear and nose landing gear. By aircraft type, the market is segmented into narrow-body aircraft, wide-body aircraft, and regional aircraft. By MRO type, the market is segmented into replacement and repair. By geography, the market is segmented into North America, Europe, Asia-Pacific, Latin America, the Middle East & Africa.

For each segment, the market sizes and forecasts are done based on value (USD billion)

By Landing Gear Type
Main Landing Gear
Nose Landing Gear
By Aircraft Type
By Aircraft Type
Wide-body Aircraft
Regional Aircraft
By MRO Type
Replacement
Repair
By Geography
North America
United States
Canada
Europe
United Kingdom
France
Germany
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle-East and Africa
Saudi Arabia
United Arab Emirates
Egypt
Rest of Middle-East and Africa
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Commercial Aircraft Landing Gear MRO Market Size Summary

The commercial aircraft landing gear MRO market is poised for growth, driven by the recovery of the aviation industry post-COVID-19. The pandemic initially caused a significant decline in air travel, impacting the demand for maintenance, repair, and overhaul services. However, as air traffic began to recover, airlines expanded their fleets, leading to increased demand for landing gear MRO services. The rise in air passenger traffic and the expansion of aircraft fleets are expected to create a robust market for MRO services in the coming years. This growth is further supported by the increasing procurement of new aircraft and the need for regular maintenance and repair services to ensure operational efficiency and safety.

The market landscape is characterized by a high degree of fragmentation, with numerous players offering a variety of MRO services. Key industry participants include Héroux-Devtek Inc., CIRCOR International Inc., Magellan Aerospace Corporation, Triumph Group Inc., and Safran SA, among others. Strategic agreements and partnerships, such as those between Magellan Aerospace Corporation and Safran Landing Systems, are enhancing the capabilities and offerings within the market. The demand for narrow-body aircraft is anticipated to recover more swiftly than that for wide-body aircraft, with the return of models like the 737 MAX contributing to the growth of the narrow-body segment. Overall, the commercial aircraft landing gear MRO market is set to benefit from the increasing number of aircraft deliveries and the growing investments in the aviation sector.

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Commercial Aircraft Landing Gear MRO Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porters Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Landing Gear Type

      1. 2.1.1 Main Landing Gear

      2. 2.1.2 Nose Landing Gear

    2. 2.2 By Aircraft Type

      1. 2.2.1 By Aircraft Type

      2. 2.2.2 Wide-body Aircraft

      3. 2.2.3 Regional Aircraft

    3. 2.3 By MRO Type

      1. 2.3.1 Replacement

      2. 2.3.2 Repair

    4. 2.4 By Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

      2. 2.4.2 Europe

        1. 2.4.2.1 United Kingdom

        2. 2.4.2.2 France

        3. 2.4.2.3 Germany

        4. 2.4.2.4 Russia

        5. 2.4.2.5 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 India

        3. 2.4.3.3 Japan

        4. 2.4.3.4 South Korea

        5. 2.4.3.5 Rest of Asia-Pacific

      4. 2.4.4 Latin America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Mexico

        3. 2.4.4.3 Rest of Latin America

      5. 2.4.5 Middle-East and Africa

        1. 2.4.5.1 Saudi Arabia

        2. 2.4.5.2 United Arab Emirates

        3. 2.4.5.3 Egypt

        4. 2.4.5.4 Rest of Middle-East and Africa

Commercial Aircraft Landing Gear MRO Market Size FAQs

The Commercial Aircraft Landing Gear MRO Market is projected to register a CAGR of greater than 5.90% during the forecast period (2024-2029)

Héroux-Devtek Inc., CIRCOR International Inc., Magellan Aerospace Corporation, Triumph Group Inc. and Safran SA are the major companies operating in the Commercial Aircraft Landing Gear MRO Market.

Commercial Aircraft Landing Gear MRO Report Snapshots

Commercial Aircraft Landing Gear MRO Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)