Latin America Aircraft Main Landing Gear Wheel market

Year Value
2018 252.6
2019 262.0
2020 106.9
2021 147.1
2022 153.0
2023 159.6
2024 167.1
2025 175.7
2026 185.4
2027 196.5
2028 209.1
2029 223.5
2030 240.1
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Latin America Aircraft Main Landing Gear Wheel market

Synopsis
The above chart is Latin America Aircraft Main Landing Gear Wheel market

Market Dynamics

The latin america aircraft main landing gear wheel market is expected to grow at a cagr of 5.8% from 2022 to 2030. the market is driven by the increasing demand for commercial aircraft, the growing fleet size of airlines, and the increasing focus on safety and reliability. some of the key drivers of the latin america aircraft main landing gear wheel market include: increasing demand for commercial aircraft: the latin american commercial aircraft fleet is expected to grow at a cagr of 5.3% from 2022 to 2030. this growth in the commercial aircraft fleet will drive the demand for aircraft main landing gear wheels. growing fleet size of airlines: the fleet size of airlines in latin america is growing rapidly, and this is also driving the demand for aircraft main landing gear wheels. increasing focus on safety and reliability: airlines in latin america are increasingly focused on safety and reliability, and this is driving the demand for high-quality aircraft main landing gear wheels. some of the key instances in the latin america aircraft main landing gear wheel market include: in january 2023, collins aerospace announced that it had received an order from embraer for main landing gear wheels for the e190-e2 aircraft. in february 2023, safran landing systems announced that it had received an order from azul airlines for main landing gear wheels for the atr 72-600 aircraft. in march 2023, liebherr aerospace announced that it had received an order from latam airlines for main landing gear wheels for the boeing 777-300er aircraft. the latin america aircraft main landing gear wheel market is a competitive market with a number of players. some of the key players in the market include collins aerospace, safran landing systems, liebherr aerospace, and triumph group. in addition to the drivers mentioned above, the latin america aircraft main landing gear wheel market is also expected to be driven by the following factors: the increasing adoption of new technologies, such as carbon brakes, in the manufacturing of aircraft main landing gear wheels. the growing demand for after-market services for aircraft main landing gear wheels. the latin america aircraft main landing gear wheel market is a promising market with a number of growth opportunities. the market is expected to grow at a healthy cagr in the coming years.

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