Aircraft Tires Market Growth Factors and Industry Expansion Strategies 2026 By Top Leaders Bridgestone, Dunlop, Michelin and Goodyear Tire and Rubber Company

The global aircraft tires market is projected to witness exponential growth owing to increasing spending on aircraft MRO services. Rising number of air passengers and surging air traffic across the world is fueling the demand for aircraft tires. Reports claim that the number of passengers traveling via air transport across the world reached around 4 billion in 2018, figures that are expected to grow further over 2026.

Furthermore, once the spread of COVID-19 is under control, air traffic is expected to pick up significantly across the world, which will lead to substantial market growth in the estimated time period. The number of air passengers carried globally by air transport registered nearly 4 billion in 2018 and will continue to grow in the coming years. These patterns will fuel the need for additional airplanes in the coming years, thereby leading to increase in product demand.

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The demand for radial tires has surge at an exponential rate in recent years as these tires extend the average landing cycle of an aircraft. Estimates suggest that the segment may grow at 3.9% over the years to come. Development trends such as these would increase the demand for aircraft tires, expanding its industry growth. On this note, Global Market Insights, Inc., estimates global aircraft tires market may exceed a valuation of $3.5 billion through 2026.

In terms of product, the market for aircraft tires is bifurcated into tubeless and tube tires. Of these two, the tube tires segment is projected to gain sizable traction due to its higher weight in comparison with the tubeless counterpart.

Tube tires have seen large application in medium and small airplanes. However, ongoing modernization in the tire manufacturing sector and a few crucial advantages offered by tubeless tires may shift manufacturer’s perspective over the coming years.

With respect to platform, wheeled rotary aircraft are projected to foresee significant growth and faster deployment in comparison with other platforms owing to increasing need for higher speed aircraft globally. Mounting concerns towards fuel saving would play a major role in the proliferation of wheeled rotary aircraft, thereby pushing segment share over the coming years.

From a regional perspective, APAC is anticipated to register a substantial growth in the market for aircraft tires owing to the growing investment towards building new aircraft MRO facilities in the region. In addition, the region is also expected to witness increasing penetration of low-cost airliners along with increasing number of air travel passengers.

Overall, the aforementioned trends are likely to offer an array of business growth opportunities for aircraft tires market. Some of the prominent players majorly contributing to the market landscape include Dunlop, Goodyear, Bridgestone, Michelin, and Specialty Tires of America among others.

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Partial Chapter of the Table of Content
Chapter 4 Global Aircraft Tires Market, By Constrcution
4.1 Global aircraft tires market, constrcution insights
4.2 Bias/ply tires
4.2.1 Market estimates and forecast, 2016 - 2026, (Units) (USD Million)
4.2.2 Market estimates & forecast, by region, 2016-2026, (Units) (USD Million)
4.3 Radial tires
4.3.1 Market estimates and forecast, 2016 - 2026, (Units) (USD Million)
4.3.2 Market estimates & forecast, by region, 2016-2026, (Units) (USD Million)
Chapter 5 Global Aircraft Tires Market, By Product
5.1 Global aircraft tires market, product insights
5.2 Tube tires
5.2.1 Market estimates and forecast, 2016 - 2026, (Units) (USD Million)
5.2.2 Market estimates & forecast, by region, 2016-2026, (Units) (USD Million)
5.3 Tubeless tires
5.3.1 Market estimates and forecast, 2016 - 2026, (Units) (USD Million)
5.3.2 Market estimates & forecast, by region, 2016-2026, (Units) (USD Million)

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