Europe Aircraft Landing Gear Market 2027 By Aircraft Type, Gear Arrangement, Type, End-User,

Europe's aircraft landing gear market is expected to grow from US$ 3.42 Bn in 2018 to US$ 5.88 Bn by the year 2027. This represents a CAGR of 6.4% from the year 2018 to 2027.

The inclining curve of air travel is continuously climbing across geographies, which is leading to the increased production of aircraft from manufacturers such as Airbus and Boeing. The commercial airplanes are anticipated to maintain continuous growth over the coming years, regardless of various challenges faced by commercial airlines such as uncertain fuel prices and other regulatory changes in multiple countries. In addition to this, the increasing investments in defense equipment across countries due to unpredictable geopolitical tensions are expected to drive the demand for military aircraft during the forecast period of 2019 to 2027. All these factors and trends are anticipated to fuel the demand for aircraft landing gear and offer future growth opportunities for market players operating in the aircraft landing gear market. The landing gear is one of the crucial subsystems of an aircraft that supports the entire weight of a plane during landing, take-off, and other ground operations. The type and design of a landing gear system depend on the aircraft type and its potential use. A typical landing gear system consists of various components such as brakes, controls, shock absorbers, retraction systems, and warning devices, among many others.

Currently, 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. Airbus, Dassault Aviation, ATR, and Daher are the largest aerospace manufacturers present in the France market. The Safran Group, which is one of the leading manufacturers and providers of aircraft landing gear systems, has bagged several contracts with the Airbus Group. Liebherr Group is another major manufacturer of landing gear systems having a noteworthy presence in France. The defense expenditure of the country amounted to US$ 63.8 Bn in 2018, out of which close to 50% of the budget share was allocated for equipment manufacturing. France is the second-largest exporter of aerospace equipment globally after the US. All these factors put together bring ample opportunities for aircraft landing gear in the region. The figure is given below highlights the revenue share of Rest of Europe in the Europe aircraft landing gear market in the forecast period:

Rest of Europe Aircraft Landing Gear Market Revenue and Forecasts to 2027 (US$ Mn)

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Europe Aircraft Landing Gear Strategic Insights
Strategic insights for the Europe Aircraft Landing Gear provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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Europe Aircraft Landing Gear Report Scope

Report Attribute	Details
Market size in 2018	US$ 3.42 Billion
Market Size by 2027	US$ 5.88 Billion
Global CAGR (2018 - 2027)	6.4%
Historical Data	2016-2017
Forecast period	2019-2027
Segments Covered	By Aircraft Type Airplanes Helicopters By Gear Arrangement Tricycle Tandem Tail Wheel By Type Main Nose By End-User Commercial Armed Forces
Regions and Countries Covered	Europe UK Germany France Russia Italy Rest of Europe
Market leaders and key company profiles	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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Europe Aircraft Landing Gear Regional Insights

The geographic scope of the Europe Aircraft Landing Gear refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.