China Aircraft Wheels Market Revenue

The china aircraft wheels market revenue is growing at a cagr of 7.6% from 2022 to 2030. the growth of the market is being driven by the following factors: increasing demand for commercial aircraft: the chinese commercial aircraft fleet is expected to grow significantly in the coming years, which will drive demand for aircraft wheels and brakes. rising focus on safety and reliability: aircraft wheels and brakes are critical safety components, and there is a growing focus on ensuring that they are reliable and safe. this is driving demand for innovative new technologies, such as carbon brakes and fiber-reinforced plastic wheels. growing domestic production: china is a major producer of aircraft wheels and brakes, and the domestic production is expected to grow in the coming years. instances: in 2022, china aircraft industry corporation (avic) announced that it had received a ¥500 million contract from comac to supply wheels and brakes for the c919 commercial aircraft. in 2021, avic chengdu aircraft industry group announced that it had won a ¥300 million contract from boeing to supply wheels and brakes for the 737 max aircraft. in 2020, avic harbin aircraft industry group announced that it had received a ¥200 million contract from airbus to supply wheels and brakes for the a320neo aircraft. overall, the china aircraft wheels market is expected to continue to grow in the coming years, driven by the factors mentioned above. in addition to the factors mentioned above, the china aircraft wheels market is also expected to benefit from the following: the government's support for the aerospace industry. the increasing focus on research and development in the aerospace industry. the growing demand for aircraft spare parts in the chinese market. overall, the china aircraft wheels market is a promising market with good growth prospects.