Germany Aircraft Wheels Market Revenue

The germany aircraft wheels market revenue is expected to grow at a cagr of 8.1% from 2022 to 2030. the growth of the market is being driven by the following factors: increasing adoption of carbon brakes: carbon brakes are lighter and more durable than traditional steel brakes, which can help to improve fuel efficiency and reduce emissions. they are also more resistant to wear and tear, which can extend the life of the brakes. growing demand for commercial aircraft: the global 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 electric brakes and fiber-reinforced plastic wheels. instances: in 2022, safran landing systems, a french company with a major presence in germany, announced that it had received a €50 million contract from airbus to supply wheels and brakes for the a320neo aircraft family. in 2021, messier-bugatti-dowty, another french company with a strong presence in germany, announced that it had won a €30 million contract from boeing to supply wheels and brakes for the 787 dreamliner aircraft. in 2020, goodrich corporation, a us company, announced that it had received a €20 million contract from embraer to supply wheels and brakes for the e190 and e195 aircraft. overall, the germany 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 germany aircraft wheels market is also expected to benefit from the following: the presence of a strong aerospace industry in germany. the government's support for the aerospace industry. the increasing focus on research and development in the aerospace industry. overall, the germany aircraft wheels market is a promising market with good growth prospects.