The Global Aerospace and Defense Wheel Market: Highlights

Stratview Research foresees a strong growth of 5.0% (CAGR) in the aerospace and defense wheel market in the next five years (2016 – 2021), which offers an opportunity to the aerospace and defense industry players to align themselves with the market growth.

There are a number of factors bolstering the growth of wheel market in the aerospace and defense industry. The author of the industry report cited increasing passenger traffic, increasing commercial aircraft deliveries, growing aircraft fleet size, increase in share of wide body aircraft, etc. are some of the key growth drivers of the global aerospace and defense wheel market.

Commercial aircraft is expected to be the growth engine of the wheel market

The author stated that the Commercial aircraft is expected to remain growth engine of the global aerospace and defense wheel market during the forecast period. Both OEM and aftermarket segments are likely to offer healthy opportunity in the next five years.

North America expected to be the dominant and Asia Pacific to be the fastest growing region

North America is expected to remain the largest market for wheels due to manufacturing base of largest commercial OEM, Boeing and also due to increasing retrofit market. However, during the next five years, Asia Pacific is expected to grow at the highest rate.

The key wheel manufacturers are Meggitt Aircraft Braking Systems, Honeywell Aerospace, Parker, Safran Landing Systems (Messier-Buggatti-Dowty), and UTC Aerospace Systems.

New product development, regional expansion, and long term contacts are the key strategies adopted by the key players to gain competitive edge in the market.

Report Features

This industry research report from Stratview Research provides market intelligence in the most comprehensive manner. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the research report:

Market structure: Overview, industry life cycle analysis, supply chain analysis.
Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
Market trend and forecast analysis.
Market segment trend and forecast.
Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
Attractive market segments and associated growth opportunities.
Emerging trends in the wheel market.
Strategic growth opportunities for the existing and new players.
Key success factors.

About Stratview Research

Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences and Oil & Gas.