Global Aviation Tires Market Top Leading Players with Strategies and Forecast 2022-2028

The global aviation tires market is anticipated to grow at a CAGR of 4.0% during the forecast period (2022-2028). An aviation tire or tire is designed to withstand extremely heavy loads for short durations. The number of tires required for aircraft increases with the weight of the aircraft, as the weight of the airplane needs to be distributed more evenly. There are also several sizes of aviation tires. It is a piece of equipment that demands a high level of safety and quality. The majority of aviation tires are developed as per fixed standards. Aircraft tire standards are governed by the Federal Aviation Administration (FAA). Aviation tires experience wear during take-off, landing, and taxing. Takeoff is mainly responsible for tire wear owing to the fact that while taking off, the airplane has a full fuel load and the tires are pre-heated by taxing. With the demand for air traveling returning to pre-COVID levels, the airlines are expanding their route and airlines' new domestic routes. These are some factors that will increase the growth of the global aviation tires market due to the procurement of new tires. Additionally, the growing demand for new generation aircraft in the military has also increased the demand for new tires.

The market is segmented based on the type and application. Based on the type, the market is sub-segmented into radial and bias. A radial tire is a particular design of a vehicular tire. Radial tire in aviation allow the sidewall and the tread area to work independently of each other. A bias tire has the fabric bias oriented with and across the direction of rotation and the sidewall. Bias tires in aviation has the ability to tackle rough roads without sacrificing ride comfort.
Some major players in the market include Bridgestone Corp., The Goodyear Tire & Rubber Co., and Michelin, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in April 2021, Air Premia Inc. selected Michelin as the exclusive tire supplier for its entire Boeing 787-9 fleet. Under the agreement, the company equipped the airline's Boeing 787-9 fleet with MICHELIN AIR X tires that feature its patented Near Zero Growth (NZG) technology. Additionally, in May 2021, Michelin entered into a three-year supply agreement with MJets GmbH to provide General Aviation tires.

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Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028

• Segment Covered-
o By Type
o By Sales
o By End-User

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- Bridgestone Corp., The Goodyear Tire and Rubber Co., and Michelin, among others.

Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

A full report of Global Aviation Tires Market is available at:
https://orionmarketreports.com/global-aviation-tires-market/101255/

Global Aviation Tires Market Report by Segment

By Type
• Radial
• Bias

By Sales
• OEM
• Aftermarket

By End User
• Commercial Aviation
• Military Aviation
• General Aviation

Global Aviation Tires Market Report by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa

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This release was published on openPR.