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

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)