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Aircraft Landing Gear Repair and Overhaul Market

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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
Aircraft Landing Gear Repair and Overhaul Market Research Report Information - Global Forecast till 2023
Aircraft Landing Gear Repair
and Overhaul Market
Research Report Information Global Forecast till 2023
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Copyright © 2017 Market Research Future.
Aircraft Landing Gear Repair and Overhaul Market Research Report Information - Global Forecast till 2023
VIEW REPORT
PRESS RELEASE
SAMPLE REPORT
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Copyright © 2017 Market Research Future.
Aircraft Landing Gear Repair and Overhaul Market Research Report Information - Global Forecast till 2023
Summary:
According to Market Research Future (MRFR), the global aircraft landing gear repair and overhaul market is poised
to touch exponential valuation by 2023.
Market Overview:
The aircraft landing gear repair & overhaul market is growing rapidly due to the growing investments in aircraft
MRO services. The new maintenance and planning models in the aircraft industry are prompting airlines and landing
gear repair and overhaul providers to look at into each part of every asset with utmost care. The aircraft landing gear
repair & overhaul market is estimated to witness substantial growth during the forecast period.
In its recently published analysis, MRFR also asserts that the market is expected to register a CAGR over 4.62%
throughout the forecast period (2017 – 2023). Rising air travels is one of the key factors driving the demand for
landing gear MRO activities, increasing the demand for in-service aircraft.
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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Aircraft Landing Gear Repair and Overhaul Market Research Report Information - Global Forecast till 2023
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.
Segmentation:
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.
Competitive Dashboard:
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Copyright © 2017 Market Research Future.
Aircraft Landing Gear Repair and Overhaul Market Research Report Information - Global Forecast till 2023
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.
Industry/ Innovation/ Related News:
August 02, 2019 -Saudi Arabian Military Industries (SAMI), a state-owned defense company, announced the
acquisition of a major stake in Aircraft Accessories & Components Co Ltd. (AACC Saudi Arabia), a leading
aircraft repair firm. In addition to expand SAMI’s reach across the Middle East & North Africa (MENA), the
acquisition would also help it to expand the scope of its services, investments in national capabilities, and access to
new markets.
Majority stake ownership in AACC will expand SAMI’s scope of operations to cover the repair and overhauling of
civilian aircraft landing gear, increasing the NDT capabilities and enhancing the capabilities for maintenance of
helicopters, in addition to other services. This move comes in line with SAMI’s continuous initiatives to support
efforts to localize the defense sector in the Kingdom.
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Savni
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