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Aircraft Tire Market size was valued at USD 2.50 Billion in 2022 and is projected to reach USD 3.79 Billion by 2030, growing at a CAGR of 6.5% from 2023 to 2030.
The defense and commercial aviation sectors’ rapid expansion is one of the main reasons propelling the market’s growth. There is a rising demand for highly effective flight safety devices, including tires, to provide the highest level of passenger safety. Aerospace manufacturers are prioritizing the development of lightweight aircraft tires with enhanced braking systems, accelerating market expansion. The Global Aircraft Tire Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors playing a substantial role in the market.
In addition, there has been a significantly increasing demand for newer generation of aircraft in military and commercial sectors along with the extensive rise on R&D activities of innovated aircrafts tires that offers high convenient and comfort to the travelers, are also expected to boost the growth of the aircraft tires market over the next coming years. For instance, in April 2022, Goodyear Tires, announced to produce military aircraft tires containing rubber, that is made up of dandelions. The company is working with The US Department of Defense to develop tires from the natural rubber. Moreover, exponentially growing technologically advanced infrastructure and ongoing research projects in association with various international universities and numerous prominent vendors all over the world, for the development and enhancement of aircraft tires, while addressing the safety issues associated with them, will likely to create lucrative growth opportunities for the market.
The preference for air travel as a mode of transportation is increasing due to global economic expansion. In response to the increased demand for low-cost air travel, which is driving demand for aircraft tires internationally, most airlines are increasing the number of aircraft that fly daily. Due to the increase in passenger air travel and escalating worries about passenger safety, the replacement rate of present aircraft tires has increased over the last year. This has fueled the explosive expansion of the global aircraft tire industry. The need for aviation tires and the retread tire business is increasing as more and more new airlines, in addition to existing ones, are joining the global market for commercial aircraft.
The government has generously funded and supported the aircraft tire business. Additionally, there is a huge need for military aircraft in the defense sector. Additionally, the demand for UAVs and aircraft carrying armaments is growing. The demand for airplanes from various markets is the industry’s main factor. Major corporations are investing in expanding their capacity to produce airplane tires to meet the rising demand. As a result of the considerations above, it is projected that the growth of aircraft tires will intensify in the coming years.
Aircraft tires are subjected to intense temperatures and pressures. Aircraft tires experience wear during takeoff, landing, and taxiing. Takeoff is mainly responsible for tire wear attributed to the fact that while taking off, the airplane has full fuel load and the tires are pre-heated by taxiing. Moreover, the specific number of landings-per-tire is affected by variable factors such weather, hard landings, cross-wind landings, anti-skid action, and rough or damaged runway surfaces. Other excessive operating conditions, such as high energy braking, high-speed taxiing, and high-speed cornering all have an effect on the condition of the rubber surrounding the tire’s core, even creating differences in tire condition from one set of landing gear to another on the same airplane. Thus, there is a need for frequent tire replacement or retreading, which propels the growth of the aircraft tires market.
Report Coverage
Global Aircraft Tires research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Aircraft Tires report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Aircraft Tires competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Aircraft Tires market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Aircraft Tires market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Aircraft Tires market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Bridgestone Corporation, Goodyear Tire and Rubber Company, Specialty Tires of America Inc., Dunlop Aircraft Tyres Limited, Michelin, Qingdao Century Tires, Desser Tires & Rubber Co., LLC, Wilkerson Company, Aviation Tires & Treads, LLC, China National Tire & Rubber Co., Ltd, Sentury Tires Company Limited, Petlas Tire Corporation, THE GOODYEAR TIRE AND RUBBER COMPANY, COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Aircraft Tires market based on the below-mentioned segments:
Global Aircraft Tires Market, By Type
Radial
Bias
Global Aircraft Tires market, By Application
Commercial Aviation
Military Aviation
Global Aircraft Tires Market, By Distribution
OEM
Replacement
Global Aircraft Tires market, Regional Analysis
The defense and commercial aviation sectors’ rapid expansion is one of the main reasons propelling the market’s growth. There is a rising demand for highly effective flight safety devices, including tires, to provide the highest level of passenger safety. Aerospace manufacturers are prioritizing the development of lightweight aircraft tires with enhanced braking systems, accelerating market expansion. The Global Aircraft Tire Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors playing a substantial role in the market.
In addition, there has been a significantly increasing demand for newer generation of aircraft in military and commercial sectors along with the extensive rise on R&D activities of innovated aircrafts tires that offers high convenient and comfort to the travelers, are also expected to boost the growth of the aircraft tires market over the next coming years. For instance, in April 2022, Goodyear Tires, announced to produce military aircraft tires containing rubber, that is made up of dandelions. The company is working with The US Department of Defense to develop tires from the natural rubber. Moreover, exponentially growing technologically advanced infrastructure and ongoing research projects in association with various international universities and numerous prominent vendors all over the world, for the development and enhancement of aircraft tires, while addressing the safety issues associated with them, will likely to create lucrative growth opportunities for the market.
The preference for air travel as a mode of transportation is increasing due to global economic expansion. In response to the increased demand for low-cost air travel, which is driving demand for aircraft tires internationally, most airlines are increasing the number of aircraft that fly daily. Due to the increase in passenger air travel and escalating worries about passenger safety, the replacement rate of present aircraft tires has increased over the last year. This has fueled the explosive expansion of the global aircraft tire industry. The need for aviation tires and the retread tire business is increasing as more and more new airlines, in addition to existing ones, are joining the global market for commercial aircraft.
The government has generously funded and supported the aircraft tire business. Additionally, there is a huge need for military aircraft in the defense sector. Additionally, the demand for UAVs and aircraft carrying armaments is growing. The demand for airplanes from various markets is the industry’s main factor. Major corporations are investing in expanding their capacity to produce airplane tires to meet the rising demand. As a result of the considerations above, it is projected that the growth of aircraft tires will intensify in the coming years.
Aircraft tires are subjected to intense temperatures and pressures. Aircraft tires experience wear during takeoff, landing, and taxiing. Takeoff is mainly responsible for tire wear attributed to the fact that while taking off, the airplane has full fuel load and the tires are pre-heated by taxiing. Moreover, the specific number of landings-per-tire is affected by variable factors such weather, hard landings, cross-wind landings, anti-skid action, and rough or damaged runway surfaces. Other excessive operating conditions, such as high energy braking, high-speed taxiing, and high-speed cornering all have an effect on the condition of the rubber surrounding the tire’s core, even creating differences in tire condition from one set of landing gear to another on the same airplane. Thus, there is a need for frequent tire replacement or retreading, which propels the growth of the aircraft tires market.
Report Coverage
Global Aircraft Tires research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Aircraft Tires report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Aircraft Tires competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Aircraft Tires market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Bridgestone Corporation, Goodyear Tire and Rubber Company, Specialty Tires of America Inc., Dunlop Aircraft Tyres Limited, Michelin, Qingdao Century Tires, Desser Tires & Rubber Co., LLC, Wilkerson Company, Aviation Tires & Treads, LLC, China National Tire & Rubber Co., Ltd, Sentury Tires Company Limited, Petlas Tire Corporation, THE GOODYEAR TIRE AND RUBBER COMPANY, COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Aircraft Tires Market from 2021 to 2030.
- Market Forecast for Aircraft Tires Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Aircraft Tires competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Aircraft Tires
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Aircraft Tires market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Aircraft Tires market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Bridgestone Corporation, Goodyear Tire and Rubber Company, Specialty Tires of America Inc., Dunlop Aircraft Tyres Limited, Michelin, Qingdao Century Tires, Desser Tires & Rubber Co., LLC, Wilkerson Company, Aviation Tires & Treads, LLC, China National Tire & Rubber Co., Ltd, Sentury Tires Company Limited, Petlas Tire Corporation, THE GOODYEAR TIRE AND RUBBER COMPANY, COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN.
Primary Target Market
- Market Players of Aircraft Tires
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Aircraft Tires market based on the below-mentioned segments:
Global Aircraft Tires Market, By Type
Radial
Bias
Global Aircraft Tires market, By Application
Commercial Aviation
Military Aviation
Global Aircraft Tires Market, By Distribution
OEM
Replacement
Global Aircraft Tires market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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