Aircraft Tire Market
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.
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Report Coverage |
Details |
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Published Year: |
2021 |
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Estimated Market Size in 2020: |
USD 1.40 billion |
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Estimated Period: |
2020 |
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Compound Annual Growth Rate (CAGR) from 2020 to 2028: |
6.3% |
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Predicted 2028 Value: |
USD 2.29 billion |
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Forecast Years: |
2021-2028 |
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Tables, Graphs& Figures |
218 |
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Chapters Covered: |
Platform, Aircraft Type, Structure Type, Position, Component, Product, End User and Region |
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Core Drivers and Opportunities: |
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Restraining Factors & Market Threats: |
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Platforms Covered:
• Rotary-Wing
• Fixed-Wing
Aircraft Types Covered:
• Commercial Aircraft
• Spacecraft
• Propeller Aircraft
• Military Aircraft
• Helicopter
• Freighters
• Defense and Homeland Security Aircraft
• Business & General Aviation Aircraft
Structure Types Covered:
• Radial Ply
• Bias Ply
Positions Covered:
• Nose/Tail
• Main
Components Covered:
• Tread
• Sidewall
• Liner
• Bead
Products Covered:
• Tubeless
• Tube
End Users Covered:
• Tire Manufacturer/Original Equipment Manufacturers
• Repair & Overhaul
• Aftermarket
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
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.
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Aircraft Tire Market, By Platform
5.1 Introduction
5.2 Rotary-Wing
5.3 Fixed-Wing
6 Global Aircraft Tire Market, By Aircraft Type
6.1 Introduction
6.2 Commercial Aircraft
6.2.1 Wide Body Aircraft (Twin Aisle Aircraft)
6.2.2 Very Large Aircraft
6.2.3 Regional Transport Aircraft
6.2.4 Narrow Body Aircraft (Single Aisle Aircraft)
6.3 Spacecraft
6.4 Propeller Aircraft
6.5 Military Aircraft
6.6 Helicopter
6.7 Freighters
6.8 Defense and Homeland Security Aircraft
6.9 Business & General Aviation Aircraft
7 Global Aircraft Tire Market, By Structure Type
7.1 Introduction
7.2 Radial Ply
7.3 Bias Ply
8 Global Aircraft Tire Market, By Position
8.1 Introduction
8.2 Nose/Tail
8.3 Main
9 Global Aircraft Tire Market, By Component
9.1 Introduction
9.2 Tread
9.3 Sidewall
9.4 Liner
9.5 Bead
10 Global Aircraft Tire Market, By Product
10.1 Introduction
10.2 Tubeless
10.3 Tube
11 Global Aircraft Tire Market, By End User
11.1 Introduction
11.2 Tire Manufacturer/Original Equipment Manufacturers
11.3 Repair & Overhaul
11.4 Aftermarket
12 Global Aircraft Tire Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
14 Company Profiling
14.1 Wilkerson Aircraft Tires
14.2 The Goodyear Tire & Rubber Company
14.3 Specialty Tires Of America, Inc.
14.4 Dunlop Aircraft Tyres Limited
14.5 Qingdao Sentury Tire Co., Ltd.
14.6 Petlas
14.7 Martins Industries
14.8 Desser Tire & Rubber Co., LLC
14.9 China National Tire & Rubber Co., Ltd.
14.10 Bridgestone Corporation
14.11 Sentury Tire
14.12 Michelin Group
List of Tables
1 Global Aircraft Tire Market Outlook, By Region (2019-2028) ($MN)
2 Global Aircraft Tire Market Outlook, By Platform (2019-2028) ($MN)
3 Global Aircraft Tire Market Outlook, By Rotary-Wing (2019-2028) ($MN)
4 Global Aircraft Tire Market Outlook, By Fixed-Wing (2019-2028) ($MN)
5 Global Aircraft Tire Market Outlook, By Aircraft Type (2019-2028) ($MN)
6 Global Aircraft Tire Market Outlook, By Commercial Aircraft (2019-2028) ($MN)
7 Global Aircraft Tire Market Outlook, By Wide Body Aircraft (Twin Aisle Aircraft) (2019-2028) ($MN)
8 Global Aircraft Tire Market Outlook, By Very Large Aircraft (2019-2028) ($MN)
9 Global Aircraft Tire Market Outlook, By Regional Transport Aircraft (2019-2028) ($MN)
10 Global Aircraft Tire Market Outlook, By Narrow Body Aircraft (Single Aisle Aircraft) (2019-2028) ($MN)
11 Global Aircraft Tire Market Outlook, By Spacecraft (2019-2028) ($MN)
12 Global Aircraft Tire Market Outlook, By Propeller Aircraft (2019-2028) ($MN)
13 Global Aircraft Tire Market Outlook, By Military Aircraft (2019-2028) ($MN)
14 Global Aircraft Tire Market Outlook, By Helicopter (2019-2028) ($MN)
15 Global Aircraft Tire Market Outlook, By Freighters (2019-2028) ($MN)
16 Global Aircraft Tire Market Outlook, By Defense and Homeland Security Aircraft (2019-2028) ($MN)
17 Global Aircraft Tire Market Outlook, By Business & General Aviation Aircraft (2019-2028) ($MN)
18 Global Aircraft Tire Market Outlook, By Structure Type (2019-2028) ($MN)
19 Global Aircraft Tire Market Outlook, By Radial Ply (2019-2028) ($MN)
20 Global Aircraft Tire Market Outlook, By Bias Ply (2019-2028) ($MN)
21 Global Aircraft Tire Market Outlook, By Position (2019-2028) ($MN)
22 Global Aircraft Tire Market Outlook, By Nose/Tail (2019-2028) ($MN)
23 Global Aircraft Tire Market Outlook, By Main (2019-2028) ($MN)
24 Global Aircraft Tire Market Outlook, By Component (2019-2028) ($MN)
25 Global Aircraft Tire Market Outlook, By Tread (2019-2028) ($MN)
26 Global Aircraft Tire Market Outlook, By Sidewall (2019-2028) ($MN)
27 Global Aircraft Tire Market Outlook, By Liner (2019-2028) ($MN)
28 Global Aircraft Tire Market Outlook, By Bead (2019-2028) ($MN)
29 Global Aircraft Tire Market Outlook, By Product (2019-2028) ($MN)
30 Global Aircraft Tire Market Outlook, By Tubeless (2019-2028) ($MN)
31 Global Aircraft Tire Market Outlook, By Tube (2019-2028) ($MN)
32 Global Aircraft Tire Market Outlook, By End User (2019-2028) ($MN)
33 Global Aircraft Tire Market Outlook, By Tire Manufacturer/Original Equipment Manufacturers (2019-2028) ($MN)
34 Global Aircraft Tire Market Outlook, By Repair & Overhaul (2019-2028) ($MN)
35 Global Aircraft Tire Market Outlook, By Aftermarket (2019-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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