Global Aircraft Landing Gear Market Soars to New Heights
The global aircraft landing gear market is expected to grow from $13,348.5 million in 2023 to $19,538.5 million in 2027 at a compound annual growth rate (CAGR) of 10.4%, according to a new report from The Business Research Company...
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The global aircraft landing gear market is further expected to grow to $30,523.2 million in 2032 at a compound annual growth rate (CAGR) of 9.3%. The global aircraft landing gear market is fragmented, with a large number of players. The top ten competitors in the market made up to 27% of the total market. Safran S.A. was the largest competitor with 6.94% share of the market, followed by others. Key aircraft landing gear manufacturers in the market include: Player-adopted strategies in the aircraft landing gear industry include enhancing business operations through the launch of new products, strengthening business activities through strategic mergers, and expanding operational capabilities through strategic acquisitions. For instance, as strategic acquisition, Héroux-Devtek Inc., the third largest player in the market, acquired Spain-based Compañia Española de Sistemas Aeronáuticos, S.A. (CESA), a subsidiary of Airbus SE, for a purchase price of 137 million euros (approximately $206 million). The acquisition also broadened Héroux-Devtek's range of goods and services to include hydraulic and actuation systems and enhanced its portfolio with new technologies like electromechanical actuation. This will enable the company to expand its market reach in Europe, get vital information on a number of crucial aircraft programs and take use of its relationships with Airbus and other major clients. The following strategies have been identified for generating new business opportunities: Learn more in-depth about the future opportunities in the aircraft landing gear market through The Business Research Company’s Aircraft Landing Gear Market 2023, which provides strategists, marketers and senior management with the critical information they need to assess the market. The Business Research Company is a market intelligence firm that excels in company, market, and consumer research. Located globally, it has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology. Find the company on LinkedIn, Twitter, Facebook, or YouTube for more.
The global aircraft landing gear market is expected to grow from $13,348.5 million in 2023 to $19,538.5 million in 2027 at a compound annual growth rate (CAGR) of 10.4%, according to a new report from The Business Research Company titled The Aircraft Landing Gear Global Market Report 2023.The Market Landscape
Top Aircraft Landing Gear Companies
Key Business Strategies
Aircraft Landing Gear Market Research Report
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