Europe Was the Largest Region in the Aircraft Landing Gear Market, Accounting For 6.4% of the Market In 2020

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The Europe Aircraft Landing Gear market is growing along with the Aerospace and Defence industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.

Europe’s aircraft landing gear market is expected to grow from US$ 3.42 Bn in 2020 to US$ 5.88 Bn by the year 2027. This represents a CAGR of 6.4% from the year 2020 to 2027.

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France is dominating the aircraft landing gear market in terms of installation, which in turn boosts the demand for aircraft landing gear market. The aerospace manufacturing sector of France is one of the most important sectors for the economy of the country, which is the world’s sixth-largest economy. The aerospace sector generated revenues amounting to US$ 55.10 Bn in 2018, backed by the presence of some of the world’s largest airplane manufacturers.

These factors are expected to offer broad growth opportunities in the Aerospace and Defense industry and this is expected to cause the demand for Aircraft Landing Gear in the market.

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EUROPE AIRCRAFT LANDING GEAR MARKET – SEGMENTATION

Europe Aircraft Landing Gear Market by Type

  • Main
  • Nose

Europe Aircraft Landing Gear Market by Aircraft Type

  • Airplanes
  • Helicopters

Europe Aircraft Landing Gear Market by End-User

  • Commercial
  • Armed Forces

Europe Aircraft Landing Gear Market by Gear Arrangement

  • Tricycle
  • Tandem
  • Tail Wheel

Europe Aircraft Landing Gear Market by Country

  • Germany
  • France
  • UK
  • Russia
  • Rest of Europe

Companies Mentioned

  • AAR Corp.
  • Circor International, Inc.
  • Collins Aerospace
  • GKN Aerospace Services Limited
  • Héroux-Devtek Inc.
  • Liebherr Group
  • Magellan Aerospace Corporation
  • Safran S.A.
  • Sumitomo Precision Products Co., Ltd.
  • Triumph Group Inc.

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