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(Transportation-News.com, February 01, 2019 ) Stratview Research has published a new research report on Aerospace and Defense Wheel Market. This extensive report by Stratview Research analyses the growth of Aerospace and Defense Wheel Market over the trend period of 2010 to 2015 and forecast period of 2016 to 2021 under the following segments - ● by Aircraft Type (Commercial Aircraft, Regional Aircraft, and Others) ● by End-use Type (OEM and Aftermarket) ● and by Region (North America, Europe, Asia-Pacific, and RoW)
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OEM and aftermarket segments to offer healthy opportunity in the market
The aerospace and defense wheel market offers a good growth opportunity and is likely to grow at 5.0% CAGR during the forecast period of 2016 to 2021. 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 aerospace and defense wheel market. Commercial aircraft is expected to remain growth engine of the 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 to remain the largest market
North America is expected to remain the largest market for wheels due to manufacturing base of largest commercial OEM, Boeing and increasing retrofit market. However, during the next five years, Asia Pacific is expected to grow at the highest rate.
The supply chain of this market comprises raw material suppliers, wheel manufacturers, distributors, Aircraft OEMs, and Airlines. The key aerospace OEMs are Boeing, Airbus, Bombardier, Embraer, ATR, and Mitsubishi Heavy Industries and key airlines are Lufthansa, Delta Air, Air China, and Singapore Airlines.
Top market players
The aerospace and defense wheel market is a highly consolidated market. 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.
Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.
Stratview Research
Ritesh Gandecha
+1-313-307-4176
sales@stratviewresearch.com
Source: EmailWire.Com
Source: EmailWire.com
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