Aircraft Tires Market Size, Opportunities, Company Profile, Developments and Outlook 2029

[Akash Ra]

Aircraft Tires Market Overview:

The Aircraft Tires Market analysis provides a full insight into the competition, including the market share and company profiles of the key worldwide rivals. The scope of the research covers a thorough investigation of the Aircraft Tires Market, as well as the causes for variances in the industry’s growth in different regions.

The Aircraft Tires Market reached a value of US $ 1.55 Bn. in 2022. Global Aircraft Tires Market size is estimated to grow at a CAGR of 5.1%.

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Market Scope:

Following the completion of market engineering, which comprised market statistics calculations, estimations of market size, market projections, market breakdown, and data triangulation, major primary research was conducted to obtain information and verify and validate critical numbers. Top-down and bottom-up strategies, as well as several data triangulation procedures, were often used throughout the market engineering process to perform market estimating and forecasting for the overall market segments and sub-segments discussed in this research. In order to give vital information throughout the report, extensive qualitative and quantitative analysis is done on all data gathered throughout the market engineering process.

Segmentation:

by Product type

• Radial
• Bias

The Aircraft Tyres Market is divided into Radial and Bias segments based on the Product type. In 2022, the Radial market category accounted for 74.3% of the overall market. The usage of radial type tyres in the manufacture of aircraft is growing due to their reduced weight, excellent durability, and mobility. Due to their higher hardness and more durable composition, radial aircraft tyres are becoming more and more popular over bias tyres. As the cost of aviation fuel rises, there will be a greater requirement for radial tyres in the aircraft industry. Radial tyres have the potential to reduce aircraft weight by up to 75 kg, which would result in significant fuel savings. Radial tyres are also far lighter than bias tyres. Due to these factors, businesses are able to increase fuel efficiency, tyre life, and passenger

by Aircraft type

• VLA
• NBA
• WBA
• RTA

by Platform

• Fixed
• Rotary Wing

by Application

• Commercial
• Defense
• OEM

Based 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 2022. 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.

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Key Players:

Primary and secondary research is used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.

• The biggest players in the Aircraft Tires Market are as follows:

• 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.

Regional Analysis:

Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Aircraft Tires Market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.

COVID-19 Impact Analysis on Aircraft Tires Market:

End-user industries where Aircraft Tires Market is utilized saw a dip in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant decrease in the revenues of businesses working in these industries and, as a result, in demand for Aircraft Tires Market manufacturers, influencing the development of the Aircraft Tires Market in 2020. End-user business demand for Aircraft Tires Market has declined significantly as a result of lockdowns and an increase in COVID-19 events worldwide.

Key Questions Answered in the Aircraft Tires Market Report are:

In 2021, which segment held the highest proportion of the Aircraft Tires Market?

What is the Aircraft Tires Market’s competitive landscape?

What are the primary drivers assisting the Aircraft Tires Market growth?

Which region has the most market share in the Aircraft Tires Market?

What will be the Aircraft Tires Market’s CAGR throughout the projected period?

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