Aircraft Landing Gear MRO Market

The aircraft landing gear MRO market was valued at approximately US$ 4.60 billion in 2024 and is anticipated to grow to US$ 5.93 billion by 2031, reflecting a projected CAGR of 3.36% from 2031 to 2031. This market forecast is based on a combination of primary and secondary research, including key company reports, industry association data, and various databases.

Analyst Perspective:

The aircraft landing gear MRO market has experienced slow growth in recent years, primarily due to a decline in global aircraft operations stemming from the COVID-19 pandemic. The recovery of the airline sector is also progressing slowly in terms of MRO demand for aircraft. However, a significant driver for the market is the increasing air passenger traffic across various regions. Additionally, the growing global fleet of aircraft is creating new demand for landing gear MRO services among airlines worldwide.

Market Overview:

The aircraft landing gear MRO market is expected to see steady growth in the upcoming years. The market is somewhat fragmented, with numerous players operating in different regions. Furthermore, the anticipated delivery of commercial aircraft over the next two decades is likely to present new opportunities for market participants during the forecast period. Major aircraft manufacturers like Airbus and Boeing project that over 40,000 commercial aircraft will be delivered by 2042. Additionally, the increase in military aircraft procurement is supporting the growth of the aircraft landing gear MRO market across various regions. Ongoing geopolitical tensions, such as those between Russia and Ukraine, China and Taiwan, and others, are driving countries to enhance their military capabilities, leading to increased procurement of military aircraft and helicopters. This trend is further stimulating the demand for landing gear MRO services across different regions.

Strategic Insights

Market Driver:

Increase in Contracts for Landing Gear MRO Fuels Market Growth

Numerous airlines around the world are partnering with various MRO providers to renew existing contracts or establish new ones for landing gear MRO services. Some notable examples include:

• In February 2024, Liebherr-Aerospace and Japan Airlines (JAL) entered into a long-term service agreement for landing gear overhauls.
• In October 2023, Safran Landing Systems secured a five-year contract with Wizz Air for MRO operations on 57 aircraft from its A320 family fleet.
• In March 2023, Emirates and Lufthansa Technik AG signed two significant contracts for comprehensive MRO services for Airbus A380 long-range aircraft, with Emirates being the largest operator globally.
• In September 2022, Revima Asia Pacific signed a two-year agreement for the overhaul of B737 NG landing gear.
• In July 2022, Triumph Group, Inc. and Moog Inc. entered into a four-year agreement to provide MRO solutions for Boeing 787 landing gear and cargo door actuation control systems through Moog's Aftermarket Total Support Program (MTS) for an Asia Pacific operator.
• In November 2021, Safran Landing Systems signed a five-year contract with Gulf Air to perform maintenance on the landing gear of six Airbus A321s and one A320.

The increasing number of MRO contracts for landing gear services is driving growth in the aircraft landing gear MRO market globally.

Segmental Analysis:

The market is segmented by aircraft type into fixed wing and rotary wing categories. The fixed wing segment accounted for a significant share of the aircraft landing gear MRO market in 2022, with 69.9%, and is projected to decrease slightly to 68.4% by 2030. The growth of the fixed wing segment is largely attributed to the larger fleet size compared to rotary wing aircraft globally. Additionally, the expanding fleet of both commercial and military fixed wing aircraft is expected to create new opportunities for market vendors in the coming years. The anticipated deliveries of fixed wing commercial aircraft over the next two decades will also provide further opportunities for market growth.

Regional Analysis:

The North American region is home to several key players in the aircraft landing gear MRO market, including Global Aerospace Corporation, Aviatechnik Corporation, AAR Corp, Safran, Aerospace Rotables, Landing Gear Technologies LLC, and Jet Landing Systems, all of which operate MRO facilities that meet the rising demand for landing gear MRO services. The US holds the largest share of the North American aircraft landing gear MRO market, primarily due to the presence of these companies and major aircraft OEMs such as Boeing, Airbus, Textron, Lockheed Martin, and Northrop Grumman Corporation, all contributing to market growth in the region.

Key Player Analysis:

The report on the aircraft landing gear MRO market includes profiles of key players such as Safran, AAR Corp, Magellan Aerospace Corporation, Circor International Inc, Triumph Group Inc, Lufthansa Technik, ST Engineering, Meggitt Plc, Liebherr-International Deutschland GmbH, and Honeywell International Inc. The analysis identifies and evaluates these key players across various regions. Among these, Safran, AAR Corp, Magellan Aerospace Corporation, Circor International Inc, and Triumph Group Inc stand out as leading players in the aircraft landing gear MRO market due to their diverse service offerings.

Aircraft Landing Gear MRO Market Report Scope

Recent Developments:

The report includes an analysis of key players in the aircraft landing gear MRO market, highlighting both inorganic and organic strategies such as new contracts, mergers, and acquisitions. For example, in 2021, KP Aviation announced its merger with Aircraft Landing Systems (ALS), a leading landing gear MRO company based in Hialeah, Florida. Additionally, in August 2021, Precision Aviation Group, Inc. (PAG) acquired Trace Aviation in Jackson, Mississippi. Similarly, in October 2022, the Adani Group announced its acquisition of MRO company Air Works Group to enhance its civil aviation portfolio in the coming years. The report outlines growth prospects based on current trends in the aircraft landing gear MRO market and their anticipated impact during the forecast period.