Global Aircraft Tires Market Size, growth rate, and general attractiveness

Global Aircraft Tires Market
Global Aircraft Tires Market

The Global Aircraft Tires Market study provides a crucial view of the aircraft tires market based on the product, platform, distribution channel, application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2022 to 2028. The regional segment comprises the current and forecast demand for the Middle East and Africa, North America, Asia Pacific, Latin America, and Europe.

Some major players of the global aircraft tires market are Goodyear Tire & Rubber Company, Bridgestone Corporation, Michelin, Dunlop Aircraft Tyres Ltd., Wilkerson Company, Inc., Desser Tire & Rubber Co., Petlas Tire Corporation, Qingdao Sentury Tire, Aviation Tires & Treads, and Specialty Tires of America, Inc.

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Aircraft tires are specifically designed to withstand heavy load. The number of tires required for an aircraft increases with the increase in the aircraft weight. The measure for aircraft tires is the number of landings and not mileage. The average life of commercial aircraft tires is between 250 and 300 landings, whereas, for military fighter plane tires, it is between 20 and 50 landings.

The global aircraft tires market is expected to grow notably in the future, due to the ever-increasing commercial airline sector. In 2017, the commercial airline sector made a revenue of about USD 755 billion in comparison to USD 721 billion in 2015. Furthermore, the overall passenger traffic increased by 0.5% and reached 8% in 2017. By the end of 2019, this sector is estimated to reach USD 885 billion.

In 2016, it was estimated that airplanes carried around 3.8 billion passengers on scheduled services, i.e., an increase of 7% from 2015. This rise in passengers will fuel the demand for new aircrafts of huge capacity, which, in turn, will drive the global aircraft tires market in the years ahead.

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This report segments the global aircraft tires market into:

Global Aircraft Tires Market: Product Analysis

  • Bias
  • Radial

Global Aircraft Tires market: Platform Analysis

  • Rotary Wing
  • Fixed Wing

Global Aircraft Tires Market: Distribution Channel Analysis

  • Original Equipment Manufacturers (OEMs)
  • Maintenance, Repair, and Overhaul (MRO)

Global Aircraft Tires market: Application Analysis

  • Commercial Aircrafts
  • Military Aircrafts
  • Helicopters
  • Spacecraft
  • Others

Global Aircraft Tires market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

However, strict regulations and a limited number of manufacturers are anticipated to have an adverse effect over the aircraft tires market growth on a global scale. Alternatively, technological advancements in the manufacturing process will open new avenues for the aircraft tires market globally in the future.

North America is anticipated to hold a considerable share of the global aircraft tires market over the forecast time period. The U.S. is considered as a prime contributor to the upsurge of the North American aircraft tires market in the future, owing to the rising investments made in aerospace and defense sectors. The European region is expected to witness significant growth in the demand for aircraft tires due to the increasing number of aircrafts and the presence of top aircraft manufacturers, such as the United Aircraft Corporation and Airbus.

The global aircraft tires market is segmented on the basis of product, platform, distribution channel, and application. Based on the product, the global aircraft tires market is bifurcated into radial and bias. The radial segment is anticipated to hold a significant market share over the estimated time period.

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The platform segment comprises a rotary wing and fixed wing. By distribution channel, the aircraft tires market includes original equipment manufacturers (OEMs) and maintenance, repair, & overhaul (MRO).

The original equipment manufacturers (OEMs) segment is projected to rise at a notable rate in the future, owing to the rising number of aircrafts manufactured.

The application segment comprises commercial aircrafts, military aircrafts, helicopters, spacecraft, and others.

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