Aircraft Landing Gear Repair and Overhaul Market - Growth and Recent Trends by Forecast to 2023

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

Global Aircraft Landing Gear Repair and Overhaul Market: Information by Aircraft Type (Fixed-Wing, Rotary-Wing), Application (Commercial, Military), Component (Landing Gear Steering, Actuation), Gear Position (Main, Nose Landing), Region—Forecast till 2023

The increasing demand for outsourcing of landing gear MRO and advancements in related technologies are some of the significant growth propellers. Service providers are trying their best to match pace with the latest industry standards, with the help of advanced technologies.

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Encouraged by the phenomenal growth opportunities demonstrated by the market, many new aircraft landing gears repair & overhaul service providing companies have been formed in recent years. This subsequently increases the participation of tier-II or tier-III companies in the market.

Segments:

The report is segmented into five key market dynamics to widen the scope of understanding,

By Aircraft Type: Fixed-Wing and Rotary-Wing.

By Component: Landing Gear Steering System and Actuation System, among others.

By Gear Position: Main Landing Gear and Nose Landing Gear.

By Application: Commercial and Military.

By Region: Asia Pacific, North America, Europe, and the Rest-of-the-World.

Regional Analysis:

North America is estimated to remain the largest region in the global aircraft landing gear repair and overhaul market throughout the forecast period. Augmenting demand for MRO of aircraft landing gear from the US and Canada is significantly driving the regional market growth. Increasing numbers of aircraft in the region are expected to create additional opportunities for players in the aircraft landing gear repair & overhaul market.

Moreover, collaborations between aircraft landing gear MRO companies are boosting the market growth. The aircraft landing gear repair and overhaul market in North America is expected to register over 4.24% CAGR throughout the forecast period. The presence of various third-party landing gear MRO companies and major airlines has led to increase in the size of the aircraft landing gear repair and overhauls market.

The Asia Pacific region is another lucrative market for aircraft landing gear repair and overhaul market due to the promising market for the international long-haul flights, relying heavily on the small and medium wide-body aircraft. Moreover, the region is a hub for aircraft landing gear repair and overhaul service providers, such as ST Aerospace, GMF AeroAsia, and HAECO, who are supporting the regional market growth.

The aircraft landing gear repair and overhaul market in the European region is anticipated to witness an upsurge in demand led by the continuous maintenance conducted on single-aisle jets in the region. Aviation market in Europe is substantially large with a number of operational aircraft and business jets. Also, the rise in demand for new aircraft, alongside the increasing aircraft landing gear, MRO would provide additional impetus to the regional market growth.

Major Players:

Players leading the global aircraft landing gear repair and overhaul market include Air France Industries KLM Engineering & Maintenance (France), AAR Corporation (US), Delta TechOps (US), Hong Kong Aircraft Engineering Company Limited (Hong Kong), FL Technics (Lithuania), Lufthansa Technik AG (Germany), Safran (France), RUAG Group (Switzerland), Turkish Technic Inc. (Turkey), and ST Aerospace (Singapore), among others

Also Read: https://www.marketresearchfuture.com/reports/naval-vessels-mro-market-4587

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