Aircraft Tires Market Size, Share, Trends, Growth 2032

Aircraft Tires Market

Aircraft Tires Market By Product (Bias and Radial), By Platform (Rotary Wing and Fixed Wing), By Distribution Channel (Original Equipment Manufacturers and Maintenance, Repair & Overhaul), And By Application (Commercial Aircrafts, Military Aircrafts, Helicopters, Spacecraft, and Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024-2032

Category: Automotive Report Format : PDF Pages: 148 Report Code: ZMR-680 Published Date: Mar-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 2.81 Billion USD 4.26 Billion 4.70% 2023

The global aircraft tires market size was evaluated at $2.81 billion in 2023 and is slated to hit $4.26 billion by the end of 2032 with a CAGR of nearly 4.70% between 2024 and 2032.

The assessment of aircraft tires market dynamics gives a brief insight into the drivers and restraints of the aircraft tires market along with their impact on the demand in the years to come. Additionally, the report also includes the study of opportunities available in the aircraft tires market on a global level.

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Aircraft Tires Market: Growth Factors

In 2017, the total aircraft movement increased by 2.4% from the year 2016. Furthermore, initiatives taken by governments of numerous countries to promote tourism are fueling the demand for air travel. This can be observed as the annual number of international passengers increased by 8.4% from 2016 to 2017. Considering the increasing number of passengers at a global level, the number of aircraft is bound to rise.

Aircraft manufacturers, such as Airbus and Boeing, are manufacturing new aircraft annually. In the year 2018, Airbus and Boeing declared that they aimed to manufacture 848 and 857 aircraft, respectively that year. In 2017, Airbus and Boeing received 776 and 912 orders for aircrafts. Thus, the demand for aircraft tires is projected to rise over the coming years, thus fuelling the global aircraft tires market.

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.

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The report gives a transparent view of the aircraft tires market. We have included a detailed competitive scenario and portfolio of leading vendors operating in the market. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Aircraft Tires Market: Segmentation

The study provides a crucial view of the aircraft tires market based on the product, platform, distribution channel, application, and region.

Based on 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. The platform segment comprises 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.

All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

Aircraft Tires Market : Report Scope

Report Attributes Report Details
Report Name Aircraft Tires Market Research Report
Market Size in 2023 USD 2.81 Billion
Market Forecast in 2032 USD 4.26 Billion
Growth Rate CAGR of 4.70%
Number of Pages 215
Key Companies Covered 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.
Segments Covered By Product, By Platform, By Distribution Channel, By Application and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

The regional segment comprises the current and forecast demand for the Middle East and Africa, North America, Asia Pacific, Latin America, and Europe.

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.

Aircraft Tires Market: Competitive Space

The global aircraft tires market profiles key players such as:

  • 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
  • Specialty Tires of America, Inc

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

Table Of Content

Methodology

FrequentlyAsked Questions

Specialized tires intended for use on aircraft, such as airplanes and specific varieties of helicopters, are referred to as aircraft tires. By bearing the vehicle's weight throughout launch, landing, and the approximated distance, these tires are vital to the safe and efficient operation of an aircraft. Tires utilized in aircraft deviate substantially from those utilized in other vehicles, predominantly attributable to the distinctive requirements and circumstances of the aviation industry.
 

The proliferation of commercial flights and the general demand for air travel are substantial factors influencing the expansion of the aircraft tire market. A surge in air travel, propelled by variables including tourism and economic expansion, may result in an increased need for replacement tires and new aircraft. Aviation companies and airlines may choose to make investments in the modernization or expansion of their aircraft fleets. This may increase the demand for technologically advanced aircraft tires with enhanced fuel efficiency, performance, and durability.

The global aircraft tires market size was evaluated at $2.81 billion in 2023 and is slated to hit $4.26 billion by the end of 2032.

The global aircraft tires market with a CAGR of nearly 4.70% between 2024 and 2032.

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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