The global commercial aircraft landing gear market is anticipated to grow at a significant CAGR of 7.8% during the forecast period (2024-2031). The rising demand from North American fleet operators plays a pivotal role in propelling the commercial aircraft landing gear market, creating a favorable business environment for manufacturers in the region. North America hosts a significant presence of airlines and aircraft fleet operators, with major industry leaders such as American Airlines, Southwest Airlines, Delta Airlines and United Airlines. These airlines manage extensive domestic and international networks, demanding a significant fleet of aircraft and the corresponding landing gear systems.
Additionally, the companies are strategically engaging in collaborations to enhance and leverage their approach within the commercial aviation sector. In January 2024, CORE Industrial Partners, a manufacturing, industrial technology, and industrial services-focused private equity firm, completed an investment in Aviation Concepts, LLC, a provider of mission-critical, rotable components to the aftermarket commercial aviation industry. CORE planed a strategic investment in Aviation Concepts, leveraging its 30+ years of experience and partnership approach in commercial aviation. The company's differentiated model aligned with CORE's focus on the robust aviation parts and MRO sector.
Browse the full report description of “Commercial Aircraft Landing Gear Market Size, Share & Trends Analysis Report by Landing Gear Type (Main Landing Gear and Nose Landing Gear), and by Aircraft Type (Narrowbody, Widebody, and Regional Jet) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/commercial-aircraft-landing-gear-market
Furthermore, the rising investments in aviation infrastructure across North America support the growth of the commercial aircraft fleet, subsequently driving the demand for landing gear systems. For instance, in January 2024, the US Department of Transportation’s Federal Aviation Administration (FAA) granted $243.7 million in Fiscal Year (FY) 2024 Airport Infrastructure Grants (AIG) under the Bipartisan Infrastructure Law. The funding supports modernization and safety improvements in airports across 37 states, fostering job creation and enhancing America's aviation infrastructure.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Landing Gear Type
o By Aircraft Type
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
Competitive Landscape- AAR CORP., Honeywell International Inc., Parker Meggitt (Parker-Hannifin Corp.), RTX Corp., and Safran SA among others.
Key questions addressed by the report
Global Commercial Aircraft Landing Gear Market Report Segment
By Landing Gear Type
By Aircraft Type
Global Commercial Aircraft Landing Gear Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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