The Worldwide Aircraft Tires Industry is Projected to Reach $1.6 Billion by 2027
DUBLIN, Nov. 18, 2022 /PRNewswire/ -- The "Aircraft Tires Market by Type (Radial-ply and Bias-ply), Aircraft Type (Business and General Aviation, Commercial Aviation, Military Aviation), Platform (Fixed-wing and Rotary-wing aircraft), Position, End-User, and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The Aircraft Tires Market size is projected to grow from USD 1.4 Billion in 2022 to USD 1.6 Billion by 2027, at a CAGR of 2.9% from 2022 to 2027.
The Radial Ply Tires segment is projected to dominate market share in the system segment during the forecast period
Based on type, the radial ply tires segment is projected to dominate market share during the forecast period. The market is further segmented into radial ply and bias ply tires. Improved traction and cut-resistance properties, overall fuel-efficiency with lower carbon emission, and better technical and design advancements in terms of light weight and durability are the elements that fuel the market growth of radial ply tires.
The Commercial Aviation segment projected to lead Aircraft Tires market during the forecast period
Based on Platform, the commercial aviation segment is projected to lead the Aircraft Tires market during the forecast period. Increase in the demand from airlines for commercial aircraft in order to satisfy the demand for the air traffic will influence the market.
The Fixed-wing segment projected to lead Aircraft Tires market during forecast period
Based on Platform, the fixed-wing segment is projected to lead the aircraft tires market during the forecast period. A growth in intercontinental and long-haul flight operations will spur demand for fixed-wing aircraft deliveries and, consequently, influence the aircraft tires industry.
Retreading segment is expected to account for the largest share in 2022
Based on End User, the retreading segment is projected to lead the aircraft tires market during the forecast period. The demand for this segment is being driven by the less expensive and more environmentally friendly replacement for new tires. Rethreads also give customers financial advantages owing to lower cost per mile and environmental advantages due to large raw material reductions, which will support market expansion.
Main Landing Gear segment is expected to account for the largest share in 2022
Based on Position, the main landing gear segment is projected to lead the aircraft tires market during the forecast period. The main landing gear tires are more load- and pressure-rated to endure rough terrain. Additionally, the market growth of the main landing gear tires is influenced by the increase in demand for narrow and wide body aircrafts, which typically deploy 4 to 20 tires for the main landing gears.
North America is expected to account for the largest share in 2022
The Aircraft Tires market industry has been studied for North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America accounted for the largest market share in 2022, and Asia Pacific is projected to witness the highest CAGR during the forecast period. The increasing need for air travel in the area is expected to increase demand for commercial and general aviation. Major airlines will expand their fleet size to satisfy demand, which will have an impact on the region's market for airplane tires.
Major players operating in the Aircraft Tires market include Michelin (France), Goodyear Tire and Rubber Company (US), Bridgestone Corporation (Japan), Dunlop Aircraft Tyres Ltd. (UK), and Qingdao Sentury Tires Company Limited (China).
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities for Players in Aircraft Tires Market
4.2 Aircraft Tires Market, by End-user
4.3 Aircraft Tires Market, by Aircraft Type
4.4 Aircraft Tires Market, by Type
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Large Existing and Growing Commercial and Military Aviation Fleets
5.2.1.2 Growth in Air Travel
5.2.1.3 Energy Efficiency and Reduced Carbon Emissions
5.2.2 Restraints
5.2.2.1 Stringent Aviation Regulations
5.2.2.2 High Cost of Tires
5.2.3 Opportunities
5.2.3.1 High Growth in Emerging Markets
5.2.3.2 Growth of Uam and Aam Solutions
5.2.4 Challenges
5.2.4.1 Reductions in Weight and Cost
5.3 Trends/Disruptions Impacting Customers' Businesses
5.3.1 Revenue Shift and New Revenue Pockets for Aviation Tire Manufacturers
5.4 Trade Analysis
5.4.1 Import Scenario of Aircraft Tires-2021
5.4.2 Export Scenario of Aircraft Tires -2021
5.5 Pricing Analysis
5.6 Market Ecosystem
5.6.1 Prominent Companies
5.6.2 Private and Small Enterprises
5.6.3 End-users
5.7 Value Chain Analysis
5.8 Technology Analysis
5.8.1 Material Innovation
5.9 Case Study Analysis
5.9.1 Enhanced Tread Patterns to Improve Tire Life
5.10 Porter's Five Forces Model
5.10.1 Aircraft Tires Market: Porter's Five Forces Analysis
5.10.2 Threat of New Entrants
5.10.3 Threat of Substitutes
5.10.4 Bargaining Power of Suppliers
5.10.5 Bargaining Power of Buyers
5.10.6 Intensity of Competitive Rivalry
5.11 Key Stakeholders and Buying Criteria
5.11.1 Key Stakeholders in Buying Process
5.11.2 Buying Criteria
5.12 Key Conferences and Events in 2022-2023
5.13 Tariff Regulatory Landscape for Aerospace Industry
6 Industry Trends
6.1 Introduction
6.2 Supply Chain Analysis
6.3 Industry Trends
6.3.1 Increasing Preference for Radial Tires
6.3.2 Development of Intelligent Aircraft Tires
6.3.3 Development of Economical and Environment-Friendly Aircraft Tires
6.4 Impact of Mega Trends
6.5 Innovations and Patent Registrations
7 Aircraft Tires, by Type
7.1 Introduction
7.2 Radial Ply
7.3 Bias Ply
8 Aircraft Tires Market, by Aircraft Type
8.1 Introduction
8.2 Commercial Aviation
8.2.1 Narrow Body
8.2.1.1 Rising Domestic Travel to Increase Demand
8.2.2 Wide Body
8.2.2.1 Increased Focus on Long-Haul Routes to Drive Demand
8.2.3 Regional Transport Aviation
8.2.3.1 Links Underserved and Unserved Tier Ii Cities
8.3 Business and General Aviation
8.3.1 Business Jets
8.3.1.1 Growth of Private Aviation Companies to Drive Demand
8.3.2 Light & Ultralight Aircraft
8.3.2.1 Reduced Operating and Maintenance Costs
8.4 Military Aviation
8.4.1 Combat Aircraft
8.4.1.1 Backed by Development Projects and Higher Military Spending
8.4.2 Transport Aircraft
8.4.2.1 Growing Military Use to Drive Demand
8.4.3 Special Mission Aircraft
8.4.3.1 Enhanced Warfare Tactics and Strategies
8.4.4 Helicopters
8.4.4.1 Increased Focus on Military Applications and Border Security
8.4.5 Trainer Aircraft
8.4.5.1 Increasing Complexity of Modern Aircraft
9 Aircraft Tires Market, by Platform
9.1 Introduction
9.2 Fixed-Wing
9.2.1 Driven by Increased Aviation Traffic and Fleet Size
9.3 Rotary-Wing
9.3.1 Rising Popularity Due to Operational Capabilities
10 Aircraft Tires Market, by End-user
10.1 Introduction
10.2 Original Equipment Manufacturer (Oem)
10.2.1 Increasing Need for New Aircraft Drives Growth
10.3 Replacement
10.3.1 Frequent Replacement Due to Increased Complexity of Operations and Landing Cycles
10.4 Retreading
10.4.1 Inexpensive and Cleaner Alternative to New Tires
11 Aircraft Tires Market, by Position
11.1 Introduction
11.2 Nose Landing Gear
11.2.1 Provides Stable Operations
11.3 Main Landing Gear
11.3.1 Handles Harsh Operational Conditions
12 Regional Analysis
13 Competitive Landscape
13.1 Introduction
13.2 Market Share Analysis, 2021
13.3 Revenue Analysis of Top 5 Market Players, 2021
13.4 Company Evaluation Quadrant
13.4.1 Stars
13.4.2 Emerging Leaders
13.4.3 Pervasive Players
13.4.4 Participants
13.5 Startups/Sme Evaluation Quadrant
13.5.1 Progressive Companies
13.5.2 Responsive Companies
13.5.3 Dynamic Companies
13.5.4 Starting Blocks
13.5.5 Competitive Benchmarking
13.6 Competitive Scenario
13.6.1 Deals
13.6.2 Product Launches
14 Company Profiles
14.1 Introduction
14.2 Manufacturers
14.2.1 Bridgestone Corporation
14.2.2 Goodyear Tire and Rubber Company
14.2.3 Michelin
14.2.4 Dunlop Aircraft Tyres Ltd.
14.2.5 Qingdao Sentury Tire Co. Ltd.
14.2.6 Specialty Tires of America, Inc.
14.2.7 Petlas Tire Corporation
14.2.8 Aviation Tires and Treads, LLC
14.2.9 Pgz Stomil Poznan S.A.
14.2.10 Guilin Lanyu Aircraft Tire Development Co. Ltd.
14.3 Distributors
14.3.1 Desser Aerospace
14.3.2 Wilkerson Aircraft Tires
14.3.3 Watts Aviation Aircraft Tires
14.3.4 Aircraft Spruce and Specialty
14.3.5 Boeing Distribution Services Inc. (Formerly Aviall)
15 Appendix
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