Europe Aircraft Wheels and Brakes Application in Aftermarket

The europe aircraft wheels and brakes application in aftermarket is expected to grow at a cagr of 5.4% from 2022 to 2030. the growth of the market is driven by the increasing demand for aircraft maintenance, repair, and overhaul (mro) services. drivers increasing demand for aircraft mro services: the aging aircraft fleet in europe is driving the demand for aircraft mro services. aircraft wheels and brakes are one of the most critical components of an aircraft, and they need to be regularly maintained and repaired to ensure safe operation. growing fleet size: the fleet size of commercial aircraft in europe is expected to grow at a cagr of 2.7% from 2022 to 2028. this growth will lead to an increased demand for aircraft wheels and brakes in the aftermarket. stringent safety regulations: the aviation industry is highly regulated, and there are strict safety regulations governing the maintenance of aircraft wheels and brakes. this has led to an increased demand for high-quality aircraft wheels and brakes in the aftermarket. instances in 2022, lufthansa technik announced that it had received an order for aircraft wheels and brakes from a major commercial airline for its mro program. the order was for a new type of wheel and brake that is more efficient and reliable than previous models. in 2023, aerfin limited announced that it had developed a new type of aircraft wheel and brake that is designed to improve the safety of aircraft operations. the wheel and brake is equipped with a new anti-skid system that helps to prevent the aircraft from skidding on wet or icy runways. the europe aircraft wheels and brakes application in aftermarket is a competitive market. the major players in the market include lufthansa technik, aerfin limited, and safran landing systems. these companies are constantly developing new technologies and products to improve the performance and reliability of aircraft wheels and brakes.