Global Aircraft Tires Market : Demand, Trends, Growth Factors, and Forecast 2021-2030

According to the report published by Allied Market Research, the global aircraft tires market generated $1.52 billion in 2020, and is projected to reach $2.85 billion by 2030, witnessing a CAGR of 6.7% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.

Asia-Pacific dominates the market, in terms of revenue, followed by North America, Europe, and LAMEA. U.S. dominated the global aircraft tires market share in North America in 2020, owing to increase in R&D activities; technological developments by key players; and rapid adoption of innovative technologies in making durable and long-lasting aircraft tires. Asia-Pacific is expected to grow at a significant rate during the forecast period, owing to rise in air passenger traffic across different nations in the region along with huge defense spending by prominent countries such as China, India, and Japan.

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Based on type, the bias segment held the highest market share in 2020, holding nearly two-thirds of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the same segment is estimated to register the highest CAGR of 6.9% from 2021 to 2030. The report also include radial segment.

Based on distribution, the OEM segment held the largest market share in 2020, holding more than three-fifths of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the same segment is projected to register the highest CAGR of 6.9% from 2021 to 2030. The report also include replacement segment.

Based on region, Asia-Pacific contributed to the highest share in terms of revenue in 2020, holding one-third of the global aircraft tires market, and is estimated to continue its dominant share by 2030. Moreover, Asia-Pacific region is projected to manifest the fastest CAGR of 8.4% during the forecast period. The report also includes North America, LAMEA, and Europe.

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Key Findings Of The Study :

By type, the bias segment is expected to register a significant growth during the forecast period.

On the basis of application, the commercial aviation segment is anticipated to exhibit significant growth in future.

Depending on distribution, the OEM segment is projected to lead the global aircraft tires market.

Region-wise, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

Key Players l

Aviation Tires & Treads, LLC
Bridgestone Corporation
Desser Holdings LLC
Dunlop Aircraft Tires Limited
The Goodyear Tire and Rubber Company
Compagnie Generale Des Etablissements Michelin
Petlas
Qingdao Sentury Tire Co., Ltd.
Specialty Tires of America
Wilkerson Company, Inc.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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