Global Aircraft Tires Market – Market Outlook & Trends
Global Aircraft Tires Market, assessed at USD 1.1 billion in
2019, is estimated to reach USD 1.48 billion by 2026, at a CAGR of 4.3 % over
the forecast period.
The growing demand for commercial aviation and military aircraft
drives the development of the aircraft tires market. Besides, the rise in
universal air passengers due to surge in disposable income and expansion in
business operations are likely to enhance the market growth in the coming
years. On the other hand, strict regulations and an inadequate number of
producers confine market development. Moreover, increasing technical progress
in the manufacturing process is expected to provide a profitable opportunity
for its growth. The procurement of newer generation aircraft in the military
and commercial sectors is one of the primary factors behind the growth of the aircraft
Several airlines are expanding their operations, covering new
travel destinations and routes to meet the demand for growing air travel. The
commercial segment is more likely to register the highest CAGR during this
period under consideration. However, the long-term agreements among the
existing top players in the market may act as entry barriers for new players.
Global Aircraft Tires Market – Overview
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 possible configuration.
An aircraft tire is a cultured, computer-designed, and
multi-constituent product. Aircraft tires are produced using various kinds of
materials. However, the primary raw constituents include rubber, steel, fabric,
and chemicals. Aircraft tire tread patterns are designed and developed to allow
stability in high crosswind circumstances, improve traction and grip, and
channel water away to avoid hydroplaning. Proper assortment and maintenance of
tires significantly increase the safety and performance of an aircraft.
Ø Increasing demand for aircraft tires in the commercial aviation
and defense industry.
geo-political tension has led to augmented investment in the defense sector, as
numerous countries want security and authority in air defense. Moreover, the
volume of air passengers worldwide is growing due to increasing disposable
income and expanding business operations. It, in turn, is driving the global
aircraft tire market in recent years. Besides, the surge in the number of
events of air crashes has made the airlines wary about the functioning of
various components used in air crafts, including tires, as some of these air
accidents occur due to mechanical faults of tires. FAA has addressed the issue
and has provided guidelines related to the project of aircraft. These
guidelines mention aircraft tires as a recurrent accessory to be maintained
with frequent inspection and replacements to assure smooth functioning of
aircraft. In turn, it will induce the demand for the same in the coming
Ø Advancement in Technology
progression in aircraft serves as support in falling mass, facilitates
successful landings and increases life span. It aids in reducing the
functioning cost, and thus provides impetus to the demand for advanced aircraft
tires worldwide. Up-gradation and construction of international airports in
emerging countries are driving 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 contain an electronic pressure sensor that detects the
inflation pressure and recovers ground maintenance. Innovation in attached
tires is triggering the competition for aircraft tire creators and raising the
acceptance of related tires across the sphere.
Global Aircraft Tires Market – Segmentation
In terms of application, the global aircraft tire market can be
segregated 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, large 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 overall efficiency. It, in turn, will increase
the request for aircraft tires during the prediction period.
Based on product type, the aircraft tire market can be divided
into radial and bias segments. The bias tires segment dominated the market. It
provides an old form of the tire in which piles are enfolded into the tire to
provide essential strength. However, most modern aircraft employ radial tires.
The piles of radial tires are detected at a 90-degree angle along with the
rotation of the tire. This flexibility improves the tire's capability to
provide more significant contactual support to lift the high load with a
minimum twist. The added advantages of radial tires are likely to draw forth
demand and, its market is estimated to expand rapidly during the forecast
In terms of geography, the global aircraft tire market can be
segmented into North America, Europe, Asia Pacific, Middle East & Africa
(MEA), and Latin America. The Asia Pacific held a considerable share of the
market, and it is likely to uphold its position in the market during the
Asia-Pacific is anticipated to experience the highest growth
during the prediction period. Airlines in this region are actively involved in
acquiring newer generation aircraft. The rising tourism in countries like South
Korea, Malaysia, China, India, Indonesia, Singapore, Thailand, Australia, and
Vietnam, has expanded the passenger transportation of this area. The aviation
market in the Asia-Pacific region is predicted to run ahead of the North
American aviation market in the next few years. The poor connectivity among the
metros and B-tier cities presents lucrative opportunities for development in
the general aviation section of the area. Seeing viable opportunities in the
aviation market of Asia-Pacific, some companies are extending their operations
in this region. Moreover, escalating military spending fueled by rising
political tension in the region, on-going procurements of military aircraft,
and the growing manufacturing capabilities of the region reassure the market
growth during the prediction period.
The key players in market are Dunlop 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.Lt
In 2016, Changi East Airport of
Singapore invested USD 7.5 billion in a project, expanding passenger and runway
In July 2016, Michelin and
Aviall, US-based aviation parts and after sale-service providing company
collaborated to improve the services and maintenance of aircraft tires.
The significant acquisitions and expansions of aircraft tire
manufacturers indicate the bright future of this aircraft tire industry.
Scope of The Report
Historical data – 2016-2019
Base Year – 2019
2020 – 2026
Revenue in USD Million
U.S, Canada, Germany, UK, France,
Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, South Korea
UAE, South Africa, Saudi Arabia.
Application, By Aircraft Type, By Product Type, End-User, by
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. (China) and other prominent players
By Aircraft Type
Ø WBA & RTA
By Product Type
Ø Fixed Wing
Ø Rotary Wing
Ø North America
Ø Asia Pacific
Ø South America
Ø Middle East & Africa
The objective of the Study:
Ø To analyze and forecast the Global Aircraft Tires Market size of
the market in terms of value.
Ø To scrutinize market segmentation and estimate the market size,
in terms of value, based on the region and other segments.
Ø To segment the Global Aircraft Tires Market into five regions:
North America, Europe, Asia Pacific, Middle East, South America, and their
Ø To outline, categorize, and project the Global Aircraft Tires
Market based on the Application, By Aircraft Type, By Product Type, End-User,
by Platform, and by Regional.
Ø To examine competitive developments in terms of Application, By
Aircraft Type, By Product Type, End-User, by Platform, and by Regional within
the Global Aircraft Tires Market.
Ø To highlight the impact analysis of the factors affecting the
market dynamics such as growth drivers.
Ø To strategically profile the key players and comprehensively
analyze their market shares and detail the competitive landscape of the market.
Business Questions Answered 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 classification?
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
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 Detail Analysis of Five Additional Companies
Ø Additional country analysis
Ø Detailed segment analysis