Aircraft Gears Market to Grow with a CAGR of 5.47% during 2025-2030
The growth in air travel, advancements in aircraft technology, and
increasing defense spending are the factors driving the market in the forecast
period.
According to TechSci Research report, “Aircraft Gears Market – Global
Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F”, The Global Aircraft Gears Market was valued at USD 361.6 Million in 2024 and is expected to reach USD 494.6 Million by 2030 with a CAGR of 5.47% during the forecast period. The global market for aircraft gears is witnessing consistent growth due
to rising air travel and continuous advancements in aircraft technology. Gears
play a vital role in various aircraft systems, including engines, landing
gears, and APUs, making them essential for the performance of modern fleets. As
air travel expands, aircraft manufacturers are focused on improving the
efficiency, reliability, and fuel economy of their systems. Recent technological developments are driving significant changes in the
aircraft gears market. There has been a shift towards designing gears that
enhance the overall functionality of aircraft by reducing friction and
improving system efficiency. The incorporation of advanced materials, such as
composites and titanium alloys, enables the production of lightweight yet
highly durable components. These innovations contribute to lower maintenance
costs and increase operational lifespan, offering significant advantages to
both manufacturers and airlines.
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Aircraft Gears Market Is Segmented
by Platform, Gear Type, Application, End User and By Region.
The global aircraft gears
market is divided into two primary segments based on the end user: Original
Equipment Manufacturer (OEM) and Aftermarket. The OEM segment involves the
production and supply of gears during the manufacturing of new aircraft. OEMs
focus on providing high-quality, reliable gears that meet strict performance
and regulatory standards, ensuring they function effectively in the complex
systems of modern aircraft. This segment primarily deals with the demand from
aircraft manufacturers for the integration of gears into newly designed models,
as well as retrofitting older models with updated components for enhanced
performance. The Aftermarket segment, on the other hand, encompasses the sale
and supply of replacement gears and related services for existing aircraft.
This segment plays a vital role in the aviation industry, as aircraft operators
require continuous maintenance and repair services to ensure the longevity and
reliability of their fleets. Aftermarket suppliers focus on offering
high-quality replacement parts, repair services, and modifications to keep the
aircraft operating efficiently. The aftermarket market is driven by the need
for regular maintenance, the replacement of worn-out components, and upgrades
to meet evolving technological standards. Both segments are
interconnected, as OEMs provide the foundation for aircraft gear systems, while
the Aftermarket supports the long-term performance of these systems throughout
the lifespan of the aircraft. As aircraft fleets age and technology evolves, the
demand for aftermarket services and replacement parts remains steady,
complementing the growth of the OEM sector. These two segments together drive
the ongoing development of the global aircraft gears market, with each catering
to different stages in the lifecycle of an aircraft, from initial manufacturing
to ongoing operational support.
In 2024, the Asia-Pacific region is expected to
experience the fastest growth in the global aircraft gears market. The surge in
demand can be attributed to the rapid expansion of the aviation sector across
key countries such as China, India, and Japan. These countries are witnessing
significant increases in air travel and a rising need for modernized fleets,
driving demand for both new aircraft and replacement parts. The growing middle
class in these regions, coupled with a booming tourism industry, is further
fueling the need for more efficient and reliable aircraft systems. The rise in infrastructure development and the
establishment of new airports across the region are creating opportunities for
aircraft manufacturers and suppliers to tap into emerging markets. As the
aviation industry continues to expand, aircraft operators are investing in
fleet upgrades, which in turn boosts the demand for high-quality gears in both
OEM and aftermarket segments. Technological advancements in materials and
manufacturing processes are also contributing to market growth, allowing for
the production of more efficient, lightweight, and durable components. As Asia-Pacific countries focus on enhancing their
aerospace capabilities, the region is expected to maintain a strong growth
trajectory in the aircraft gears market, driven by the increasing demand for
air travel and the ongoing modernization of aircraft fleets.
Major Market Players
Operating in Global Aircraft Gears Market Are:
- CIRCLE & GEAR MACHINE CO., INC.
- AMERICAN GEAR, INC.
- HANLOO CO. LTD.
- RILEY GEAR CORP
- AMERICAN PRECISION GEAR CO., INC.
- WM BERG INC.
- SHANGHAI BELON MACHINERY CO., LTD.
- TRIUMPH GROUP
- BATOM CO., LTD.
- Arrow Gear LLC
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The increasing demand for advanced and efficient
aerospace technologies, especially in the development of lightweight and
high-performance aircraft, is driving the growth of the aircraft gear market.
Manufacturers are focused on creating aircraft that deliver improved fuel
efficiency, durability, and reduced environmental impact, which is boosting the
demand for innovative gear solutions. Stricter regulations aimed at reducing
carbon emissions and enhancing overall aircraft performance are further accelerating
the need for precise and reliable gear components. As the aerospace industry
moves toward more sustainable and fuel-efficient designs, the demand for
advanced aircraft gears that can support lightweight and composite materials is
expected to rise. This shift is anticipated to significantly contribute to the
market's growth in the coming years, said Mr. Karan Chechi, Research Director
of TechSci Research, a research-based global management consulting firm.
“Aircraft Gears Market– Global
Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Platform
(Commercial Aviation and Military Aviation), By Gear Type (Spur Gears, Bevel
Gears, Helical Gears, Rack and Pinion Gears, and Others), By Application
(Auxiliary Power Unit, Actuators, Pumps, Air Conditioning Compressors, and
Others), By End User (Original Equipment Manufacturer (OEM) and Aftermarket),
By Region, By Competition, 2020-2030F”, assesses the market's future growth
potential and provides data on market size, trends, and forecasts. It aims to
offer comprehensive market insights, helping decision-makers make informed
investment choices. The report also highlights emerging trends, key drivers,
challenges, and opportunities in the Global Aircraft Gears Market.
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