Europe Aircraft Wheel Braking System Market was valued at USD 1.3 Billion in 2022 and is projected to reach USD 2.0 Billion by 2030, growing at a CAGR of 6.0% from 2024 to 2030.
The European aircraft wheel and brake Maintenance, Repair, and Overhaul (M.R.O.) market is experiencing significant growth, propelled by a surge in air travel and an expanding fleet of aircraft. In 2022, the market was valued at approximately US$ 3.13 billion and is projected to reach US$ 4.95 billion by 2033, reflecting a Compound Annual Growth Rate (CAGR) of 4.6% during the forecast period. This growth underscores the critical role of efficient wheel and brake systems in ensuring the safety and reliability of air travel across the continent.
**Key Drivers of Market Growth**
Increase in Air Passenger Traffic: A notable rise in passenger numbers has led to more frequent flights, thereby intensifying the demand for maintenance services for aircraft wheels and brakes.
Aging Aircraft Fleet: Many aircraft are approaching the end of their operational lifespan, necessitating more frequent and comprehensive maintenance to uphold safety standards.
Technological Advancements: The adoption of lightweight and durable materials in wheel and brake manufacturing has enhanced performance but requires specialized M.R.O. services to manage these advanced components effectively.
**Market Segmentation**
The European aircraft wheel and brake M.R.O. market is primarily divided into two segments:
Commercial Sector: Dominated by narrow-body aircraft, this sector benefits from the high demand for passenger travel, particularly in countries like Germany, the United Kingdom, and Spain. Narrow-body aircraft are projected to account for 68.7% of the market share in 2023, with an estimated absolute dollar opportunity of US$ 1.28 billion between 2023 and 2033.
Defense Sector: While smaller in comparison, the defense sector maintains a steady demand for wheel and brake M.R.O. services, driven by the need to support military aircraft operations.
**Leading Countries in M.R.O. Services**
Germany, the United Kingdom, and Spain are at the forefront of the European aircraft wheel and brake M.R.O. market. Their prominence is attributed to the presence of major Original Equipment Manufacturers (OEMs) and a robust network of independent M.R.O. service providers. These countries are expected to collectively hold a 45% market share in 2023, reflecting their pivotal role in the region's aviation industry.
**Service Provider Landscape**
OEMs are projected to lead the market in terms of revenue generation, with an estimated absolute dollar opportunity of US$ 1.06 billion from 2023 to 2033. Their expertise and access to proprietary technologies position them as primary providers of specialized wheel and brake maintenance services.
**Industry Outlook**
The European aircraft wheel and brake M.R.O. market is poised for continued growth, driven by increasing air travel, fleet expansion, and technological advancements in aircraft components. Airlines and M.R.O. providers must adapt to these changes by investing in specialized services and staying abreast of evolving maintenance requirements to ensure the safety and efficiency of air operations across Europe.
Get an In-Depth Research Analysis of the Europe Aircraft Wheel Braking System Market Size And Forecast [2025-2032]
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Safran Group
Parker Hannifin
Liebherr Group
Meggitt Aerospace Limited
Goodrich Corporation
Honeywell International
Inc.
UTC Aerospace Systems
Crane Aerospace & Electronics
Advent Aircraft Systems
Changsha Xin Aircraft Wheel Brake Co.
Ltd.
XI'AN Aviation BRAKE Technology Co.
Ltd.
Beijing Bei Mo Gao Ke Friction Material Co.
Ltd.
Hunan Boyun New Materials Co.
Ltd.
Avic Aviation High-Technology Co.
Ltd.
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Aircraft Wheel Braking System Market
Commercial Aircraft
Military Aircraft
General Aviation Aircraft
Single Wheel
Dual Wheel
Multi-Wheel
Hydraulic Braking System
Electric Braking System
Carbon Braking System
Air Braking System
Manual Braking System
Automatic Braking System
Power-Assisted Braking System
Steel
Aluminum
Composite Materials
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Europe Aircraft Wheel Braking System Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Aircraft Wheel Braking System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Aircraft Wheel Braking System Market, By Type
6. Europe Aircraft Wheel Braking System Market, By Application
7. Europe Aircraft Wheel Braking System Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Aircraft Wheel Braking System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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