South America Aircraft Wheels and Brakes Application in Aftermarket

The south america aircraft wheels and brakes application in aftermarket is expected to grow at a cagr of 4.0% from 2022 to 2030. the growth of the market is driven by the increasing demand for aircraft maintenance, repair, and overhaul (mro) services, as well as the aging aircraft fleet in the region. drivers increasing demand for aircraft mro services: the aging aircraft fleet in south america 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. aging aircraft fleet: the average age of the aircraft fleet in south america is increasing. this is driving the demand for aircraft mro services, including the replacement of worn or damaged wheels and brakes. expansion of the aftermarket: the aftermarket for aircraft wheels and brakes is also expanding in south america. this is due to the increasing number of aircraft operators in the region, as well as the growing demand for aircraft mro services. instances in 2022, aar corp. announced that it had received an order for aircraft wheels and brakes from a major commercial airline in brazil. the order was for a new type of wheel and brake that is more efficient and reliable than previous models. in 2023, lufthansa technik announced that it had opened a new aircraft mro facility in chile. the facility will offer a wide range of services, including the repair and overhaul of aircraft wheels and brakes. the south america aircraft wheels and brakes application in aftermarket is a competitive market. the major players in the market include aar corp., lufthansa technik, and safran landing systems. these companies are constantly developing new technologies and products to improve the performance and reliability of aircraft wheels and brakes.