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Aircraft Tire Market is likely to witness a healthy CAGR of 5.2% Over the Next Five Years

05-31-2019 08:48 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Stratview Research

Aircraft Tire Market is likely to witness a healthy CAGR of 5.2%

Stratview Research has launched a new research report on Aircraft Tire Market. The report segments the market in the most intelligent way, giving a holistic and detailed view of the market.

The forecast of the market size has been segmented by –
• by End-Use Industry Type (Aerospace, Defense, and Others),
• by Application Type (Tooling, Airframe, Nacelles, and Others),
• by Reinforcement Type (Unidirectional and Fabrics),
• by Curing Type (Autoclave, Out of Autoclave, and Other BMI Prepegs),
• by Region
• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Aircraft Tire market.
Years considered for this report –
 base year 2019
 trend period 2013 – 2018
 forecast period 2019 – 2024

Go through the detailed scope:-https://www.stratviewresearch.com/toc/433/Aircraft-Tire-Market.html

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Get a free sample of the report:-https://www.stratviewresearch.com/Request-Sample/433/Aircraft-Tire-Market.html

Increasing production rates of the commercial aircraft programs

The aircraft tire market is likely to witness a healthy CAGR of 5.2% during the forecast period. There are several factors bolstering the demand for tires in the aircraft industry including increasing production rates of the key commercial aircraft programs in order to support rising passenger air traffic, advancements in the tire technology, and short life of aircraft tires coupled with rising aircraft fleet size.

Boeing anticipated that there would be the total deliveries of 40,410 commercial aircraft worth US$ 6.24 trillion in the global marketplace during 2018-2037. Asia-Pacific and Europe would be the biggest demand generators with a combined share of 64.7% of the total commercial aircraft deliveries during 2018-2037. This factor alone secures a sustainable demand for tires in both segments, OE as well as aftermarket, in the foreseen future.

Radial tire to witness a higher growth

Based on the product type, the market is segmented as radial tire and bias tire. The radial tire segment is expected to witness a higher growth during the forecast period. Innovations in the tire industry to minimize tire weight and to deliver advanced durability and maneuverability are the major factors driving the radial tire segment. These factors help companies to achieve better fuel efficiency, longer life of tires, and a comfortable ride to passengers, leading to a higher adoption of radial tires in the aircraft industry.

Commercial aircraft will continue to lead the market

Based on the aircraft type, the market is segmented as commercial aircraft, general aviation, regional aircraft, military aircraft, and helicopter. The commercial aircraft segment will continue to lead the market during the forecast period. Increasing passenger air traffic has led to an increased flight hour, which reduces the maintenance time and is also putting pressure on airlines to increase aircraft fleet. Both, Boeing and Airbus, have a huge pile of order backlogs, which are driving the companies to incessantly increase the production rates of their key aircraft programs and to come up with fuel-efficient variants.

North America to remain the largest market

North America currently leads the demand for aircraft tires, owing to the fact that the region is the manufacturing capital of the aircraft industry with the presence of major aircraft OEMs, tier players, tire manufacturers, raw material suppliers, and airlines. The USA is the growth engine of the market, driven by a large base of the commercial aircraft fleet. The country is also having the largest fleet of regional aircraft, military aircraft, and general aviation.

Europe, the second largest market, is also estimated to generate a healthy demand for tires in the coming five years, driven by Airbus’ key aircraft programs, such as A320 including the neo variants and A350XWB. Other aircraft segments, such as regional aircraft and helicopters, are also likely to witness healthy growth rates during the same period.

Asia-Pacific is likely to depict the highest growth rate during the same period, driven by China, and Japan. Both countries would remain the growth engines of the region’s market for aircraft tires over the next five years,
supported by upcoming indigenous commercial and regional aircraft: COMAC C919 and Mitsubishi MRJ; increasing defense budget of China, and an opening of assembly plants of Boeing and Airbus in China. India is currently
generating a relatively small opportunity but is likely to be a new growth engine of the region's market in the coming five years.

Top Market Players

Some of the aircraft tire manufacturers are Bridgestone Corporation, Compagnie Générale Des Établissements Michelin Sca, 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, and Aviation Tires & Treads, LLC.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. 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, Porter’s five forces analysis, SWOT analysis
 Market trend and forecast analysis
 Market segment trend and forecast
 Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
 Attractive market segments and associated growth opportunities
 Emerging trends
 Strategic growth opportunities for the existing and new players
 Key success factors.

Research Methodology

This report studies the global Aircraft Tire market, keeping in mind the interest of all the stakeholders across the value chain. The rich quality of insights is outcome of -
 Extensive secondary research,
 Rigorous primary interviews with more than 15 industry stakeholders across the value chain.
 Validation and triangulation of data with Stratview Research’s internal database and statistical tools.
 More than 1000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

Click Here for Other Reports from Stratview Research in the Chemicals & Materials Industry: https://www.stratviewresearch.com/market-reports/Aerospace-Defense.html

Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.

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Suite 2600,
Detroit, Michigan, MI 48243
United States of America
Phone No. +1-313-307-4176
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