Aircraft Tires Market Size, Share & Growth | Forecast [2031]
Aircraft Tires Market Size, Share & Growth | Forecast [2031]
Segments - Aircraft Tires Market by Aircrafts (Military, Commercial [Narrow-body and Wide-body], Business, Regional, and Helicopter), Product Types (Radial and Bias), End-users (Aftermarket and OEM), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) - Global, Industry Analysis, Growth, Share, Size, Trends, and Forecasts, 2023-2031
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| Report ID :AD-4487
| 4.4 Rating
| 63 Reviews
| 165 Pages
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Report Description
The Global Aircraft Tires Market size was valued at USD 1.73 Billion in 2022 and is expected to surpass USD 3.10 Billion by 2031, expanding at a CAGR of 6.7% during the forecast period, 2023 – 2031. An aircraft tire is used in aircrafts for withstanding heavy loads for short durations. Natural rubber is a key component used for manufacturing aircraft tires, which provide a greater life expectancy and make less susceptible to weathering. The numbers of tires that are required in an aircraft amount to increase with the increasing weight of an aircraft.
The tires help to distribute the weight of an aircraft evenly. The tread patterns on an aircraft tire are designed in a manner that it provides maximum stability in high crosswind conditions, prevents aquaplaning, and provides braking effect. The two types of tires used in aircraft applications are radial tires and bias-ply tires. Aircraft tires are made keeping in the view of ensuring the strict standards and regulations prescribed by the Federal Aviation Administration (FAA) to ensure highly safe and quality tires.
Market Trends, Drivers, Restraints, and Opportunities:
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Increasing government spending on military upgrade and rising demand for commercial aircrafts are key factors fueling the market.
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Rising investment in maintenance, repair, and operations (MRO) activities of aircrafts and shorter replacement cycle of aircraft tires are expected to drive the market in the coming years.
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Increasing cost of aircraft tires and limited number of manufactures are major challenges, which are expected to hamper the market growth.
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Technology advancement that helps to improve safe landing cycle of aircraft tires is anticipated to provide lucrative opportunities for market players during the forecast period.
Scope of Aircraft Tires Market Report
The report on the global aircraft tires market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes |
Details |
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Report Title |
Aircraft Tires Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Aircrafts (Military, Commercial [Narrow-body and Wide-body], Business, Regional, and Helicopter), Product Types (Radial and Bias), and End-users (Aftermarket and OEM) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Desser Holdings LLC; Goodyear Tire & Rubber Company; Bridgestone; Dunlop Aircraft Tyres Limited; Aviation Tires & Treads LLC; Specialty Tires of America; Petlas; MICHELIN.; Qindago Sentury Tire Co. Ltd.; and Wilkerson Company. |
Global Aircraft Tires Market Segment Insights
Commercial aircraft segment is projected to hold significant market share
In the terms of aircrafts, the market is categorized into military, commercial, business, regional, and helicopter. The commercial segment is further divided into narrow-body and wide-body aircrafts. The commercial aircraft segment held considerable share of the market in 2020 and is projected to hold significant market share during the forecast period owing to increasing number of air passengers and rising air traffic due to expansion of commercial airlines. The commercial aircrafts have a very short and frequent landing cycle; due to which, aircraft tires need to be serviced and replaced frequently.
Radial segment held substantial market share in 2020
Based on product types, the aircraft tires market is bifurcated into radial and bias. The radial segment constituted a significant market share in 2020 and is projected to expand at a rapid rate during the forecast period. The segment growth is due to increase in demand for the product types due to its excellent properties such as lighter weight tires, which have higher maneuverability and durability.
Aftermarket segment to grow significantly
On the basis of end-users, the market is segregated into aftermarket and OEM. The aftermarket segment is expected to grow significantly during the forecast period due to increasing demand for wide-body and narrow-body aircrafts for military and commercial purposes. These aircrafts requires constant maintenance and service, thus boosting the segment.
Asia Pacific to dominate the global market
In terms of regions, the global aircraft tires market is classified as into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America constituted a significant share of the market in 2020 due to wide events mergers and acquisitions conducted by the key regional market players. Moreover, increase in demand for low cost carriers (LCCs) is expected to drive the market. The market in Asia Pacific, however, is expected to dominate the global market due to increased focus on product innovation and rising number of international travelers from the region.
Segments
Aircrafts
- Military
- Commercial
- Narrow-body
- Wide-body
- Business
- Regional
- Helicopter
Product Types
- Radial
- Bias
End-users
- Aftermarket
- OEM
Regions
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
Key Players
- Desser Holdings LLC
- Bridgestone
- Goodyear Tire & Rubber Company
- Dunlop Aircraft Tyres Limited
- Aviation Tires & Treads LLC
- Specialty Tires of America
- Petlas
- MICHELIN.
- Qindago Sentury Tire Co. Ltd.
- Wilkerson Company
Competitive Landscape
Key players in the global aircraft tires market are Desser Holdings LLC; Goodyear Tire & Rubber Company; Bridgestone; Dunlop Aircraft Tyres Limited; Aviation Tires & Treads LLC; Specialty Tires of America; Petlas; MICHELIN.; Qindago Sentury Tire Co. Ltd.; and Wilkerson Company. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Aircraft Tires Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Aircraft Tires Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Aircraft Tires Market - Supply Chain
4.5. Global Aircraft Tires Market Forecast
4.5.1. Aircraft Tires Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Aircraft Tires Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Aircraft Tires Market Absolute $ Opportunity
5. Global Aircraft Tires Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Aircraft Tires Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Aircraft Tires Demand Share Forecast, 2019-2026
6. North America Aircraft Tires Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Aircraft Tires Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Aircraft Tires Demand Share Forecast, 2019-2026
7. Latin America Aircraft Tires Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Aircraft Tires Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Aircraft Tires Demand Share Forecast, 2019-2026
8. Europe Aircraft Tires Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Aircraft Tires Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Aircraft Tires Demand Share Forecast, 2019-2026
9. Asia Pacific Aircraft Tires Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Aircraft Tires Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Aircraft Tires Demand Share Forecast, 2019-2026
10. Middle East & Africa Aircraft Tires Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Aircraft Tires Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Aircraft Tires Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Aircraft Tires Market: Market Share Analysis
11.2. Aircraft Tires Distributors and Customers
11.3. Aircraft Tires Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Desser Holdings LLC
11.4.2. Goodyear Tire & Rubber Company
11.4.3. Bridgestone
11.4.4. Dunlop Aircraft Tyres Limited
11.4.5. Aviation Tires & Treads LLC
11.4.6. Specialty Tires of America
Methodology
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