Aircraft Tire Market Forecasts to 2028 – Global Analysis By Aircraft Type (Commercial, Helicopter, Aviation), Structure (Radial Ply, Bias Ply), Product (Tubeless, Tube), End User (Repair & Overhaul, Aftermarket) and By Geography
According to Stratistics MRC, the Global Aircraft Tire Market is accounted for $1.40 billion in 2020 and is expected to reach $2.29 billion by 2028 growing at a CAGR of 6.3% during the forecast period. Rising demand for aircraft, increasing production rates of the key commercial aircraft programs in order to support rising passenger air traffic, frequent replacement requirements are driving the market growth. However, stringent aviation regulations and the high cost of aviation tires are hampering the growth of the market.
An aircraft tire refers to a specialized wheel that is designed to provide stability to the aircraft and withstand heavy loads at high speeds. Aircraft tires are made from natural rubber and are designed to withstand extreme load during airplane landing. A high-end tire can prevent potential aircraft tire explosion.
Based on the structure type, the radial ply segment is going to have lucrative growth during the forecast period owing to the efforts to reduce tire weight and provide tires that have higher durability and maneuverability. This improves their life along with providing a comfortable ride and reducing fuel consumption. By geography, Asia Pacific is going to have high growth during the forecast period due to the growing tourism in countries, the rise in disposable income coupled with increasing business activity leading to rising number of domestic and international air passengers and increasing military spending, fueled by growing political tension in the region.
Some of the key players profiled in the Aircraft Tire Market include Wilkerson Aircraft Tires, The Goodyear Tire & Rubber Company, Specialty Tires Of America, Inc., Dunlop Aircraft Tyres Limited, Qingdao Sentury Tire Co., Ltd., Petlas, Martins Industries, Desser Tire & Rubber Co., LLC, China National Tire & Rubber Co., Ltd., Bridgestone Corporation, Sentury Tire and Michelin Group.
Estimated Market Size in 2020:
USD 1.40 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 2.29 billion
Tables, Graphs& Figures
Platform, Aircraft Type, Structure Type, Position, Component, Product, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
Aircraft Types Covered:
• Commercial Aircraft
• Propeller Aircraft
• Military Aircraft
• Defense and Homeland Security Aircraft
• Business & General Aviation Aircraft
Structure Types Covered:
• Radial Ply
• Bias Ply
End Users Covered:
• Tire Manufacturer/Original Equipment Manufacturers
• Repair & Overhaul
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Aircraft Tire Market is majorly driven by increasing production rates of the key commercial aircraft programs in order to support rising passenger air traffic, rising demand for aircraft and frequent replacement requirements.
The radial ply segment is growing at a highest CAGR due to the efforts to decrease tire weight and provide tires that have higher durability and maneuverability. This enhances their life along with providing a comfortable ride and reducing fuel consumption.
North America dominated with a significant market share due to the manufacturing capital of the aircraft industry with the presence of major aircraft OEMs, tier players, tire manufacturers, raw material suppliers, and airlines.
Asia Pacific market is growing at a highest CAGR owing to the rise in disposable income coupled with increasing business activity leading to rising number of domestic and international air passengers, growing tourism in countries, and increasing military spending, fueled by growing political tension in the region.
Key players in Aircraft Tire Market include Wilkerson Aircraft Tires, The Goodyear Tire & Rubber Company, Specialty Tires Of America, Inc., Dunlop Aircraft Tyres Limited, Qingdao Sentury Tire Co., Ltd., Petlas, Martins Industries, Desser Tire & Rubber Co., LLC, China National Tire & Rubber Co., Ltd., Bridgestone Corporation, Sentury Tire and Michelin Group.
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