Report ID: SQMIG20A2035
Aircraft Wheels Market Size, Share, Growth Analysis, By Construction Type(Bias, Radial), By Application(Commercial Aviation, Military Aviation, Ros), By End-User(Aftermarket, OEMs), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20A2035 |
Region:
Global |
Published Date: April, 2024
Pages:
262
|
Tables:
88 |
Figures:
76
Aircraft Wheels Market Insights
Aircraft Wheels Market size was valued at USD 1704.25 million in 2019 and is poised to grow from USD 1823.56 million in 2023 to USD 3103.56 million by 2031, growing at a CAGR of 7.2% in the forecast period (2024-2031).
There has been a rising number of aircraft orders in the past few years. This is attributed to increasing commercial aviation. The increasing number of air travel and air traffic has paved growing opportunities for several small to large scale aircraft and aircraft parts manufacturing houses. Additionally, the need to strengthen the defense and military aviation is leveling the way for higher prospects in military aviation. Aircraft wheels are crucial for aircraft landing and take-off. Wheels bear the weight of aircraft and are the reason for safe landing and take-off. Airlines and Big industry players are looking forward to spending on quality and efficient components for aircraft build-up. With increasing air passenger traffic and the high need for aircraft, the prospects for the Aircraft wheel Market are expected to transcend at a high rate in the forecasted period.
US Aircraft Wheels Market is poised to grow at a sustainable CAGR for the next forecast year.
Aircraft Wheels Market Report Snapshots
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