U.S.: Aircraft Launching Gear Market 2024

Aircraft Launching Gear Market Size in the U.S.

The U.S. aircraft launching gear market reduced dramatically to $X in 2021, dropping by -19.4% against the previous year. In general, consumption, however, continues to indicate a buoyant increase. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Aircraft Launching Gear Production in the U.S.

In value terms, aircraft launching gear production stood at $X in 2021. Over the period under review, production saw a slight shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 41%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Aircraft Launching Gear Exports

Exports from the U.S.

For the third consecutive year, the United States recorded growth in overseas shipments of aircraft launching gear, deck-arrestor or similar gear and parts thereof, which increased by 5.4% to X tons in 2021. Overall, exports, however, continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2017 when exports increased by 78% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, aircraft launching gear exports declined modestly to $X in 2021. Over the period under review, exports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by 56%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Turkey (X tons) was the main destination for aircraft launching gear exports from the United States, accounting for a 17% share of total exports. Moreover, aircraft launching gear exports to Turkey exceeded the volume sent to the second major destination, Australia (X tons), twofold. The third position in this ranking was held by Japan (X tons), with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey amounted to +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+6.9% per year) and Japan (-8.0% per year).

In value terms, the largest markets for aircraft launching gear exported from the United States were Malaysia ($X), Turkey ($X) and Japan ($X), together accounting for 30% of total exports. These countries were followed by Australia, Singapore, the Netherlands, France, Kenya, Italy, Ghana, Denmark, Israel and Kuwait, which together accounted for a further 32%.

Ghana, with a CAGR of +143.6%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average aircraft launching gear export price amounted to $X per ton, shrinking by -9.8% against the previous year. Overall, the export price saw a noticeable curtailment. The most prominent rate of growth was recorded in 2018 when the average export price increased by 87% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Israel ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Aircraft Launching Gear Imports

Imports into the U.S.

In 2021, the amount of aircraft launching gear, deck-arrestor or similar gear and parts thereof imported into the United States dropped notably to X tons, falling by -69.9% against the previous year's figure. Overall, imports showed a abrupt curtailment. The pace of growth was the most pronounced in 2019 with an increase of 257% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, aircraft launching gear imports declined significantly to $X in 2021. In general, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2018 when imports increased by 72%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Canada (X tons) constituted the largest aircraft launching gear supplier to the United States, with a 60% share of total imports. Moreover, aircraft launching gear imports from Canada exceeded the figures recorded by the second-largest supplier, France (X tons), fourfold. Vietnam (X tons) ranked third in terms of total imports with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Canada amounted to -15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-21.2% per year) and Vietnam (0.0% per year).

In value terms, Canada ($X) constituted the largest supplier of aircraft launching gear, deck-arrestor or similar gear and parts thereof to the United States, comprising 57% of total imports. The second position in the ranking was taken by the UK ($X), with an 11% share of total imports. It was followed by France, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Canada amounted to +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+17.0% per year) and France (-27.5% per year).

Import Prices by Country

The average aircraft launching gear import price stood at $X per ton in 2021, with an increase of 95% against the previous year. In general, the import price showed a prominent increase. The pace of growth was the most pronounced in 2018 when the average import price increased by 287%. Over the period under review, average import prices attained the maximum in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+33.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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