Aircraft Tires Market: Global Industry Analysis and Forecast (2021-2027) Trends, Statistics, Dynamics, Segmentation by Product type, Aircraft type, Platform, Application, and Region.

The Aircraft Tires Market reached a value of US $ 1.41 Bn. in 2020. Global Aircraft Tires Market size is estimated to grow at a CAGR of 5.1%.

Aircraft Tires Market Overview:

An aircraft tires are a specialized wheel created to deliver aircraft stability and to sustain heavy loads at high speeds. The tires are made of nylon, steel, natural and synthetic rubber, and radial and bias-ply tires are two of the most prevalent types of aviation tires. The number of tires necessary for aircraft increases as the aircraft's weight increases, as the weight must be distributed more uniformly. The tread patterns on aircraft tires are designed to aid stability in high crosswind conditions, channel water away to avoid hydroplaning and provide braking power. A normal aircraft tire can support a load of 38 tonnes. It can meet the ground 500 times before having a re-tread, which it can do seven times throughout the life of the item. Aircraft Tires Market To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analyzed especially with the impact of lockdown by region.

Aircraft Tires Market Dynamics:

The Aircraft tires market is showing northward direction growth, thanks to the growing need for new generation aircraft in the commercial and military sectors, which is one of the major reasons for the growth of the Aircraft Tire Market. The commercial sector has seen a growth in air travel, therefore organizations are planning to expand their locations and routes, which is driving demand for new aircraft, which in turn boost the aircraft tires market growth. In addition, the increased investments in the air defense sector as a result of escalating geopolitical tensions across the globe are expected to fuel the aircraft tires market growth during the forecast period. The new technology in aircraft tires allows them to sustain extraordinarily severe weights for short periods of time. The improved passenger travel experience, as well as regional airlines with higher traffic and revenues, are major driving Aircraft Tires market growth across the globe. Increasing Air Passenger traffic across the globe: According to the International Civil Aviation Organization's (ICAO) annual global statistics, the total number of commuters carried on scheduled flights increased by 3.65 % to 4.38 billion in 2019. The Asia-Pacific region has seen the most passenger traffic in 2019. The International Air Transport Association (IATA), the number of passengers traveling by commercial aircraft reached more than 4 billion in 2018, and this current trend in air travel estimated that passenger numbers are expected to reach 8.2 billion by 2037. However, rising raw materials (rubber, cord, nylon, steel, etc.) prices, are a major hurdle to the Aircraft Tire Market's growth. Tires are highly influenced by a wide range of weather conditions, require specific skills and extensive training to operate, and it is subject to legal constraints imposed by various countries, which are expected to hamper the growth of the aircraft tires market during the forecast period.

Aircraft Tires Market Segment Analysis:

Based on the Product type, the Aircraft Tires Market is segmented into Radial and Bias. The Radial segment held the largest market share, accounting for 74.3% in 2020. The lighter weight along with high durability and mobility of radial type tires are increasing their uses in the manufacturing of aircraft. Radial aircraft tires are increasingly being favored over Bias tires as it offers high hardness and a more robust composition. The need for radial tires in the aircraft industry is expected to increase as aircraft fuel prices rise. Radial tires are substantially lighter than bias tires, with the potential to lower aircraft weight by up to 75 kg, resulting in significant fuel savings. These aspects enable companies to improve fuel efficiency, tire life, and passenger comfort, resulting in higher usage of radial tires in the aircraft industry, which in turn fuels the aircraft tires market growth for this segment. Aircraft Tires MarketBased on the Application, the Aircraft Tires Market is segmented into Commercial, Defense, and OEM. The Commercial segment held the largest market share, accounting for 61% in 2020. Increased passenger air traffic has resulted in more flights per hour, which reduces maintenance time and puts pressure on airlines to increase their fleet. Both Boeing and Airbus have massive order backlogs, which are forcing them to continually increase the production rates of their core aircraft programs. These factors are driving the aircraft tires market for this segment. Aircraft Tires Market

Aircraft Tires Market Regional Insights:

Asia Pacific region held the largest market share accounted for 38% in 2020. The region’s growth is attributed to the growing tourism in countries, like China, India, Indonesia, Singapore, Thailand, and Vietnam among others, is booting the aircraft passenger traffic in the region. The demand for low-cost airlines (LCCs) from China and India has boosted demand for single-aisle aircraft like the Boeing 737 and Airbus A320, which is expected to drive the aircraft tires market in the region. North America region is expected to witness significant growth at a CAGR of 5.47% during the forecast period. The region's growth is attributed to the presence of a large number of aircraft manufacturers in the region. In addition, the region also has a large fleet of commercial, regional, business, and military aircraft, which is expected to fuel the demand for tires. The objective of the report is to present a comprehensive analysis of the Aircraft Tires Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Aircraft Tires Market dynamic, structure by analyzing the market segments and projecting the Aircraft Tires Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Aircraft Tires Market make the report investor’s guide.

Global Aircraft Tires Market Scope: Inquiry Before Buying

Global Aircraft Tires Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 59.95 Bn.
Forecast Period 2021 to 2027 CAGR: 5.1% Market Size in 2027: US $ 89.37 Bn.
Segments Covered: by Product type • Radial • Bias
by Aircraft type • VLA • NBA • WBA • RTA
by Platform • Fixed • Rotary Wing
by Application • Commercial • Defense • OEM

Global Aircraft Tires Market by Region

• North America • Europe • Asia Pacific • Latin America • The Middle East and Africa

Global Aircraft Tires Market Key Players

Michelin Group • Bridgestone Corporation • Goodyear Tire & Rubber Company • Dunlop Aircraft Tyres Ltd. • Qingdao Sentury Tire Co., Ltd • Desser Tire & Rubber Co., LLC • Guilin Lanyu Aircraft Tire Development Co., Ltd • Petlas Tire Corporation • Specialty Tires of America, Inc. • Sentury Tire • Wilkerson Company, Inc. • Aviation Tires & Treads, LLC • Compagnie Générale Des Établissements Michelin Sca • Tost GmbH Flugzeuggerateba • Trelleborg AB • China National Chemical Corp. Ltd. Frequently Asked Questions: 1] What segments are covered in the Aircraft Tires Market report? Ans. The segments covered in the Aircraft Tires Market report are based on Product type, Aircraft type, Platform, and Application. 2] Which region is expected to hold the highest share in the Aircraft Tires Market? Ans. The Asia Pacific region is expected to hold the highest share in the Aircraft Tires Market. 3] What is the market size of the Aircraft Tires Market by 2027? Ans. The market size of the Aircraft Tires Market by 2027 is US $ 2.0 Bn. 4] What is the forecast period for the Aircraft Tires Market? Ans. The Forecast period for the Aircraft Tires Market is 2020-2027. 5] What was the market size of the Aircraft Tires Market in 2020? Ans. The market size of the Aircraft Tires Market in 2020 was US $ 1.41Bn.
1. Global Aircraft Tires Market Size: Research Methodology 2. Global Aircraft Tires Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Aircraft Tires Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Aircraft Tires Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Aircraft Tires Market Size Segmentation 4.1. Global Aircraft Tires Market Size, by Product type (2020-2027) • Radial • Bias 4.2. Global Aircraft Tires Market Size, by Aircraft type (2020-2027) • VLA • NBA • WBA • RTA 4.3. Global Aircraft Tires Market Size, by Platform (2020-2027) • Fixed • Rotary Wing 4.4. Global Aircraft Tires Market Size, by Application (2020-2027) • Commercial • Defense • OEM 5. North America Aircraft Tires Market (2020-2027) 5.1. Global Aircraft Tires Market Size, by Product type (2020-2027) • Radial • Bias 5.2. Global Aircraft Tires Market Size, by Aircraft type(2020-2027) • VLA • NBA • WBA • RTA 5.3. Global Aircraft Tires Market Size, by Platform (2020-2027) • Fixed • Rotary Wing 5.4. Global Aircraft Tires Market Size, by Application (2020-2027) • Commercial • Defense • OEM 5.5. North America Aircraft Tires Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Aircraft Tires Market (2020-2027) 6.1. European Aircraft Tires Market, by Product type (2020-2027) 6.2. European Aircraft Tires Market, by Aircraft type (2020-2027) 6.3. European Aircraft Tires Market, by Platform (2020-2027) 6.4. European Aircraft Tires Market, by Application (2020-2027) 6.5. European Aircraft Tires Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Aircraft Tires Market (2020-2027) 7.1. Asia Pacific Aircraft Tires Market, by Product type (2020-2027) 7.2. Asia Pacific Aircraft Tires Market, by Aircraft type (2020-2027) 7.3. Asia Pacific Aircraft Tires Market, by Platform (2020-2027) 7.4. Asia Pacific Aircraft Tires Market, by Application (2020-2027) 7.5. Asia Pacific Aircraft Tires Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Aircraft Tires Market (2020-2027) 8.1. The Middle East and Africa Aircraft Tires Market, by Product type (2020-2027) 8.2. The Middle East and Africa Aircraft Tires Market, by Aircraft type (2020-2027) 8.3. The Middle East and Africa Aircraft Tires Market, by Platform (2020-2027) 8.4. The Middle East and Africa Aircraft Tires Market, by Application (2020-2027) 8.5. The Middle East and Africa Aircraft Tires Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Aircraft Tires Market (2020-2027) 9.1. Latin America Aircraft Tires Market, by Product type (2020-2027) 9.2. Latin America Aircraft Tires Market, by Aircraft type (2020-2027) 9.3. Latin America Aircraft Tires Market, by Platform (2020-2027) 9.4. Latin America Aircraft Tires Market, by Application (2020-2027) 9.5. Latin America Aircraft Tires Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Michelin Group 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Bridgestone Corporation 10.3. Goodyear Tire & Rubber Company 10.4. Dunlop Aircraft Tyres Ltd. 10.5. Qingdao Sentury Tire Co., Ltd 10.6. Desser Tire & Rubber Co., LLC 10.7. Guilin Lanyu Aircraft Tire Development Co., Ltd 10.8. Petlas Tire Corporation 10.9. Specialty Tires of America, Inc. 10.10. Sentury Tire 10.11. Wilkerson Company, Inc. 10.12. Aviation Tires & Treads, LLC 10.13. Compagnie Générale Des Établissements Michelin Sca 10.14. Tost GmbH Flugzeuggerateba 10.15. Trelleborg AB 10.16. China National Chemical Corp. Ltd.

About This Report

Report ID 27423
Category Aerospace and Defense
Published Date Jan 2020
Updated Date Dec 2021
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