The aircraft tires global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Aircraft Tires Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The aircraft tires market size has grown strongly in recent years. It will grow from $1.88 billion in 2023 to $1.97 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to aircraft fleet expansion, global air travel, runway condition monitoring, military modernization, smart tires,.
The aircraft tires market size is expected to see strong growth in the next few years. It will grow to $2.41 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to innovative tire materials, evolving aircraft designs, urban air mobility (uam), sustainable aviation, space tourism and exploration. Major trends in the forecast period include technological advancements, advanced composite materials, high-speed landing gear, tire tread design, noise reduction tires.
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Scope Of Aircraft Tires Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Aircraft Tires Market Overview
Market Drivers –
The rising number of domestic and international air passengers is driving the aircraft tires market. The increase in domestic and international air passengers means the production of new aircraft needs to be done to meet the demand, which increases the usage of aircraft tires and also the frequent wear and tear of tires due to the continuous landing per tyre to meet the demands, further drives the market. For instance, according to the International Civil Aviation Organization (ICAO), the global number of airline passengers is expected to reach 10.5 billion by the year 2040. Also, according to the Boeing 2020–2039 commercial market outlook, India’s domestic air passenger market is expected to double its size by 2030 from the pre-pandemic levels. Hence, the rising number of domestic and international air passengers drives the aircraft tires market.
Market Trends –
Technological advancements are a key trend gaining popularity in the aircraft tires market. Aircraft tire manufacturers are focusing on the development of tyres that have a longer life, higher resistance, and are more efficient. For instance, in May 2021, Goodyear Tire & Rubber Company, a US-based tyre manufacturing company, launched TPMS technology for aircraft tug tyre manufacturing. This technology helps reduce accidents by reducing any loss in pressure or a temperature change.
The aircraft tires market covered in this report is segmented –
1) By Product: Radial, Bias
2) By Platform: Fixed Wing, Rotary Wing
3) By Application: Wide Body Aircraft, Very Large Aircraft, Regional Transport Aircraft, Narrow Body Aircraft
4) By End-user: OEM, Retread Tires, Replacement Tires
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Regional Insights –
North America was the largest region in the aircraft tires market in 2023. Asia-Pacific was the fastest growing market in aircraft tires market. The regions covered in the aircraft tires market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the aircraft tires market include Bridgestone Corporation, Michelin Group, The Goodyear Tire & Rubber Company, Dunlop Aircraft Tyres Ltd., Qingdao Sentury Tire Co. Ltd., Wilkerson Company Inc., Desser Tire & Rubber Co. LLC, Specialty Tires of America, Petlas Tire Corporation, Aviation Tires & Treads LLC, Trelleborg AB, China National Tire & Rubber Co., Tost GmbH Flugzeuggeratebau, Compagnie Generale Des Etablissements Michelin, Polymer Enterprises Inc., Maxam Tire North America Inc., Stomil-Poznan SA, Airframes Alaska Co., Condor Flugdienst GmbH, Aero Tyre Trading FZC, Michelin Aircraft Tire Company, Techking Tires Limited, Nokian Tyres plc, Titan International Inc., Jenoptik AG
Table of Contents
1. Executive Summary
2. Aircraft Tires Market Report Structure
3. Aircraft Tires Market Trends And Strategies
4. Aircraft Tires Market – Macro Economic Scenario
5. Aircraft Tires Market Size And Growth
…..
27. Aircraft Tires Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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