Global Aerospace & Defense Wheel Market Likely to Experience a Healthy Growth of 5% CAGR During 2016 to 2021

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DETROIT, MI, USA, October 13, 2016 / -- Stratview Research announces the addition of a new market research report on Global Aerospace and Defense Wheel Market by Aircraft Type (Commercial Aircraft, Regional Aircraft, General Aircraft, and Military Aircraft), by End Use (OEM, Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2016 – 2021
This market report from Stratview Research studies the aerospace and defense wheel market over the period 2010 to 2021. The research report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The Global Aerospace and Defense Wheel Market: Highlights

Stratview Research foresees a strong growth of 5.0% (CAGR) in the aerospace and defense wheel market in the next five years (2016 – 2021), which offers an opportunity to the aerospace and defense industry players to align themselves with the market growth.
There are a number of factors bolstering the growth of wheel market in the aerospace and defense industry. The author of the industry report cited increasing passenger traffic, increasing commercial aircraft deliveries, growing aircraft fleet size, increase in share of wide body aircraft, etc. are some of the key growth drivers of the global aerospace and defense wheel market.
Commercial aircraft is expected to be the growth engine of the wheel market
The author stated that the Commercial aircraft is expected to remain growth engine of the global aerospace and defense wheel market during the forecast period. Both OEM and aftermarket segments are likely to offer healthy opportunity in the next five years.
North America expected to be the dominant and Asia Pacific to be the fastest growing region
North America is expected to remain the largest market for wheels due to manufacturing base of largest commercial OEM, Boeing and also due to increasing retrofit market. However, during the next five years, Asia Pacific is expected to grow at the highest rate.
The key wheel manufacturers are Meggitt Aircraft Braking Systems, Honeywell Aerospace, Parker, Safran Landing Systems (Messier-Buggatti-Dowty), and UTC Aerospace Systems.
New product development, regional expansion, and long term contacts are the key strategies adopted by the key players to gain competitive edge in the market.

Report Features

This industry research report from Stratview Research provides market intelligence in the most comprehensive manner. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the research report:
•Market structure: Overview, industry life cycle analysis, supply chain analysis.
•Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
•Market trend and forecast analysis.
•Market segment trend and forecast.
•Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
•Attractive market segments and associated growth opportunities.
•Emerging trends.
•Strategic growth opportunities for the existing and new players.
•Key success factors.

Stratview Research has a number of high value market reports in the global aerospace & defense industry. Please refer to the following link to browse through our reports:
Other Reports from Stratview Research in the Aerospace & Defense Industry

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Ritesh Gandecha
Stratview Research
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