Global Aircraft Tires Market was prized
at USD 1.1 billion in 2019, and it is predictable to reach USD 1.48 billion by
2026, at a CAGR of 4.3 %, over the forecast period.
The reasons such as growth in demand for
commercial aviation and military aircraft drive the development of the aircraft
tires market. Besides, the rise in universal air passengers due to surge in
disposable income and growth in business actions is predictable to increase the
market growth in approaching years. On the other hand, strict regulations and
an incomplete number of producers confine market development. Moreover, a rise
in technical progressions in the manufacturing process is expected to provide a
profitable opportunity for the growth of the market. The procurement of newer generation aircraft
in the military and commercial sectors is one of the major causes of the growth
of the aircraft tires market.
Airlines are making procedures for
functioning in new ends and travel routes with the intent of growing air
travel. This is predictable to make the commercial section register the highest
CAGR during the prediction period. The long-term agreements with the existing
top players in the market are predicted to act as a fence for the entry of new
players into the market.
Global Aircraft Tires Market – Overview
aircraft tire is a cultured, computer-designed, and multi-constituent product.
Aircraft tires are produced using numerous materials. However, the primary raw
constituents include rubber, steel, fabric, and chemicals. Proper assortment
and maintenance of tires significantly increase the safety and performance of
an aircraft. Aircraft tire tread patterns are designed to allow stability in
high crosswind circumstances to improve traction and grip and channel water
away to avoid hydroplaning. Aircraft tires play an essential role in the
aircraft presentation and are designed to carry heavy loads at high speeds in
the minimum and lightest configuration possible.
Demand for aircraft tires increasing in
the commercial aviation and defense industry.
in geo-political tension has led to augmented savings in the defense sector, as
numerous countries want authority in air defense. Moreover, the number of
worldwide air passengers is growing due to increasing disposable income and
development in business activity. This, in turn, has been pouring the global
aircraft tire market in current years. Besides, freshly, there has been an
increasing number of events of air crashes. Some of these air accidents occur
due to mechanical faults of tires. FAA has addressed the issue and applied
proper strategies related to the project of aircraft. This leads to the
recurrent auxiliary of aircraft tires, and this is a prime factor for the
growth of the aircraft tire market in recent decades.
Advancement in Technology
Technically progression in aircraft tires is
serving in falling mass, offer successful landings, and long life span—this
aids in decreasing the functioning cost, thus pushing the request for advanced
aircraft tires worldwide. Up-gradation and construction of international
airports in emerging countries are pouring the global aircraft tire market. The
application of IoT in aircraft tires is transforming the airplane tire market
across the globe. Aircraft engineering company Safran and aircraft tire manufacturing
company Michelin presented connected tires for the aeronautical industry in
2017. These tires are contained with an electronic pressure sensor, which will
detect the inflation pressure and recover the ground maintenance. Innovation in
connected tires is triggering the competition for aircraft tire creators and
raising the acceptance of related tires across the sphere.
Global Aircraft Tires Market:
terms of application, the global aircraft tire market can be fragmented into
the commercial and defense segment. The business application section of
aircraft tires can be further sub-divided into wide-body aircraft, regional
transport aircraft, huge aircraft, and narrow-body aircraft. The commercial
part held a substantial share of the aircraft tire market, and the segment is
expected to keep its leading position in the market during the prediction
period. Rising frequency in air travel and the requirement to uphold safety
methods increase the demand for aircraft tires. Aircraft tires are altered on a
steady basis to meet the safety standard, which is estimated to raise the
request for aircraft tire during the estimated period. In the competitive
aviation industry, commercial aircraft makers prefer to install lightweight
tires to increase complete efficiency. This, in turn, is predictable to
increase the request for aircraft tires during the prediction period.
the basis of product type, the aircraft tire market can be divided into radial
and bias. The bias tires segment conquered the market. This is an old form of
the tire, and piles are enfolded into the tire to provide obligatory strength.
Though, most modern aircraft engage radial tires. Piles of radial tires are
detected at a 90-degree angle with the course of the revolution of the tire. This
flexibility improves the power of the tire by providing greater contact to lift
the high load with a minimum twist. The added gains of radial tires are
projected to increase its market share during the forecast period. The radial
tires section is expected to enlarge fast during the forecast period.
terms of geography, the global aircraft tire market can be segmented into North
America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin
America. Asia Pacific held a considerable share of the market and it is likely
to uphold its position in the market during the prediction period.
Global Aircraft Tires Market:
Asia-Pacific is expected to have the uppermost
growth during the prediction period. Airlines in this region are participating
in acquiring newer generation aircraft. The rising tourism in countries like
South Korea, Malaysia, China, India, Indonesia, Singapore, Thailand, Australia,
and Vietnam, has augmented the passenger transportation of this area. The
aviation market in the Asia-Pacific region is predictable to move ahead of the
North American aviation market in the next few years. Detecting possible in the
aviation market of Asia-Pacific, some companies are increasing their operations
in this region. Also, the poor connectivity amid the metros and smaller cities
has led to the development in the general aviation section of the area. With
increasing military spending, fueled by rising political tension in the region,
on-going procurements of military aircraft, and the growing manufacturing
capabilities of the region boost the growth of the area during the prediction
Aircraft Tyres Limited (UK), Bridgestone Corporation (Japan), Michelin Group
(France), The Goodyear Tire & Rubber Company (US), Petlas (Turkey), Desser
Tire & Rubber Co., LLC (US), Specialty Tires of America, Inc. (US), Sentury
Tire (China), WILKERSON COMPANY, INC. (US), and Qingdao Sentury Tire Co., Ltd.
2016, Changi East Airport of Singapore invested USD 7.5 billion in project
which will increase the passenger capacity and expand the runway.
July 2016, Michelin and Aviall, a U.S. based aviation parts and aftermarket
service provider collaborated to improve the services and maintenance of
aircraft tires. The immense acquisitions and expansion of aircraft tire
manufacturers are showcasing the expected bright light of this aircraft tire
By Aircraft Type
WBA & RTA
By Product Type
By End User
Ø By Region
Middle East & Africa
The objective of the Study:
analyze and forecast the Global Aircraft Tires Market size of the market in
terms of value.
examine the careful market segmentation and forecast the market size, in terms
of value, based on the region by segmenting.
- The Global
Aircraft Tires Market segmented into five regions, namely, North America,
Europe, Asia Pacific, Middle East, South America, and their leading countries.
outline, categorized, and forecast the Global Aircraft Tires Market based on
the Application, By Aircraft Type, By Product Type, End User, by Platform and
examine competitive developments like by Application, By Aircraft Type, By
Product Type, End User, by Platform and by Regional within the Global Aircraft
highlight the impact analysis of the factors affecting the market dynamics such
as growth drivers.
strategically profile the key players and comprehensively analyze their market
shares along with detailing the competitive landscape for market leaders.
Business Questions Answer by the Report
Ø How will the
market drivers, restraints, and opportunities affect the market dynamics?
Ø What will be the
market size in terms of value and volume and market statistics with a detailed
Ø Which segment
dominates the market or region, and one will be the fastest - growing, and why?
Ø A comprehensive
survey of the competitive landscape and the market participant players
Ø Analysis of
strategy adopted by the key player and their impact on other players.
Customization Scope for the Client
satisfaction is our first and last priority, and that is why BlueWeave
Consulting offers customization according to Company’s specific needs. The
following customization options are available for the report:
Additional Company Information
Ø With five
additional company detail analysis
Ø Detailed segment