Helicopter Wheels Market: Introduction
In Helicopters, there are mainly two types of landing gears that includes Wheels and Skids. Skids are used with smaller sized helicopter, where light weight of the helicopter is required. Conversely, wheels are used with larger and powerful helicopters. Helicopter wheels provide significant forwards speed which skids cannot. Another advantage for helicopter wheels is that wheels can taxi without flying which is considered to be a safer option during engine failure. Owing to several benefits including better ground handling, higher load carrying capacity, provides rolling landing and take-offs and others, the demand for Helicopter Wheels is estimated to increase at a significant pace. This, in turn, may contribute to the growing market of Helicopter Wheels across the globe during the forecast period.
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Helicopter Wheels Market: Dynamics
As the growing number of air passenger is paving the way for the demand for new Helicopters, the continuous rise in air passenger growth is estimated to be the key factor driving the growth of the global Helicopter Wheels market where the sales of Helicopter Wheels is directly proportional to the sales and fleet of Helicopters. Rising demand for new Helicopters will drive the demand for Helicopter Wheels in First Fit Assembly segment during the forecast period. Increasing deliveries of helicopters is substantially contributing to the global Helicopter fleet size. With rising number of Helicopters in use, the demand for repair, service and maintenance of various components, parts and systems including wheels is estimated to significantly drive the Retro fit assembly segment of global Helicopter Wheels market during the forecast period.
The market players have to face certain challenges in the global Helicopter Wheels market. Firstly, the skids are quite cheaper in cost and requires less maintenance while wheels are lot more expensive than skids as they require separate tyres, dampers, ball bearing nd other components. Also, it is relatively easier to land on skids as they offer more support as compared to wheel which provides support on only three points which may result in difficulty in uneven terrain. This in turn is estimated to be the key factor restraining the use of wheels in Helicopters, subsequently impacting the growth of the global Helicopter Wheels market during the forecast period.
Helicopter Wheels Market: Regional Outlook
Attributing to the high rate of industrialization in emerging economies such as China and India and ASEAN, the global GDP is projected to register steady growth during the forecast period. Moreover, recovering economies such as Brazil and Russia, Italy and Spain are anticipated to project significant opportunities in the aerospace industry, subsequently contributing to the global Helicopter Wheels market during the forecast period. North America aerospace industry is expected to witness significant growth in the global market, on account of significant Helicopter fleet. North America will be followed by the Europe Helicopter Wheels market owing to increasing number of airlines in the region. Furthermore, increasing demand for commercial helicopters in energy, law enforcement and paramilitary application is expected to create significant opportunities for the manufacturers in the Helicopter Wheels market
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Helicopter Wheels Market: Key Participants
There are limited number of manufacturers operating in the Helicopter Wheels market. Examples of some of the market participants identified across the value chain of the global Helicopter Wheels market include:
- Aero Wheel and Brake Service Corporation
- Safron Group
- Collins Aerospace
- Beringer Aero
- Honeywell Aerospace