The Aircraft Tires Market report, published by Stratview Research is Segmented by Aircraft Type (Commercial Aircraft, Regional Aircraft, Military Aircraft, Helicopter, and General Aviation), by Tire Type (Radial Tire and Bias Tire), by End-User Type (OE and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

Market Insights

The aircraft tires market which accounted for US$ 1.5 billion in 2021, is estimated to register an uncharted growth trajectory by recording a promising CAGR of 6.1% to reach a market value of US$ 2.6 billion in 2027. The recovery trajectory of tires would be different for different regions and aircraft types. 

COVID IMPACT

The COVID-19 outbreak has brought forth several unprecedented challenges before aircraft and airline companies with thousands of planes grounded around the world, devastating their profits and balance sheets, and sending them at least a decade back. Tires, one of the most pivotal parts of an aircraft, endured a heavy decline of over 40% in demand in the year 2020.

The aerospace industry had already started marching toward the path of recovery. However, the emergence of new COVID-19 variants affected its growth trajectories and delayed the overall recovery period.

It is still uncertain when the commercial aerospace industry will hit back its peak level in 2018. However, the entire industry stakeholders are highly resilient and have been accustomed to such fatal market environments. It is anticipated that the commercial aerospace industry stakeholders will emerge again and create gargantuan opportunities before market stakeholders. 

Market Scope

Aircraft tires are difficult to design since they must avoid bursting, to prevent damage to the aircraft. Maintaining stability, carrying huge weight at fast speeds, and giving effective braking capabilities are significant expectations from aircraft tires. As an aircraft's weight increases, the number of tires required grows as the weight must be spread more evenly.

Aircraft tires are designed to carry heavy weights for short periods. Increasing air passenger traffic over the past two eons paired with frequent take-offs landings make the tire a more important and indispensable focus area of the entire aerospace community.

The report estimates the current and future demand for Aircraft Tires Market at the global, regional, as well as country-level. The report also studies all the major suppliers of the market located across the globe. The vital data/information offered in the report can play an important role for the market participants in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies in order to expedite their growth process. This exclusive report is the outcome of an exclusive research methodology including primary research and secondary research.

The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints.
• Market segment trend and forecast.
• Competitive landscape and dynamics.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Key success factors.

Key Players

• Compagnie Generale Des Etablissements Michelin S.C.A.
• Bridgestone Corporation
• The Goodyear Tire Rubber Company
• Dunlop Aircraft Tyres Ltd.
• Mitas a.s. (a Trelleborg A.B. company)
• Kumho Tire Co. Inc.
• Petlas Tire Corporation
• Qingdao Sentury Tire Co., Ltd.
• Specialty Tires of America
• Wilkerson Company, Inc.

About Us

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