Press release
Aircraft Tire Market 2022 Share, Size, Growth, Trends and Forecast 2027
The global aircraft tire market reached a value of US$ 2.5 Billion in 2021. An aircraft tire is an essential component that supports the weight of an aircraft and provides the necessary friction for braking and stopping. It is made using steel, fabric, and rubber that can carry heavy loads at high speeds in different operating conditions. It also offers high electrical conductivity to protect the electronic component of the aircraft from damage, which is caused by friction during takeoff and landing.
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Market Trends
At present, the growing global population and inflating disposable incomes of individuals are resulting in the increasing adoption of aircraft for traveling. This represents one of the key factors positively influencing the market. In line with this, governments of various countries are extensively investing in defense machinery to upgrade their military fleet. This, in confluence with rising geopolitical tensions, is propelling the market growth across the globe. Aircraft operators are focusing on various preventive measures to facilitate minimum turbulence in aircraft during takeoff and landing. As a result, they are incorporating tires that can withstand various stress factors, such as centrifugal force, traction wave, tension, and temperature, which is creating a favorable market outlook. Furthermore, an increasing focus on industrial automation to streamline manufacturing processes and lower manufacturing costs by incorporating computer-aided designs and analysis is stimulating the growth of the market growth. Looking forward, IMARC Group expects the market to reach US$ 3.5 Billion by 2027, exhibiting a CAGR of 5.57% during 2022-2027.
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The report has segmented the market on the basis of product type, platform, sector, application, end-use industry and geography.
Breakup by Product Type:
Radial
Bias
Breakup by Platform:
Fixed Wing
Rotary Wing
Breakup by Sector:
OEM
Replacement
Breakup by Application:
Commercial Aircraft
Narrow Body Aircraft
Wide Body Aircraft
Very Large Aircraft
Regional Transport Aircraft
Non-Commercial Aircraft
Breakup by Geography:
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
Note: We are updating our reports, if you want the report with the latest primary and secondary data (2023-2028) including industry trends, market size and competitive landscape, etc. click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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