Aircraft Tires Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2082

The Business Research Company offers in-depth market insights through Aircraft Tires Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The aircraft tires market size has grown strongly in recent years. It will grow from $1.88 billion in 2023 to $1.97 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to aircraft fleet expansion, global air travel, runway condition monitoring, military modernization, smart tires,.

The aircraft tires market size is expected to see strong growth in the next few years. It will grow to $2.41 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to innovative tire materials, evolving aircraft designs, urban air mobility (uam), sustainable aviation, space tourism and exploration. Major trends in the forecast period include technological advancements, advanced composite materials, high-speed landing gear, tire tread design, noise reduction tires.

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Market Segmentation:
The main aircraft tire products include radial tires and bias tires. A radial tire, also called a radial-ply tire, is a particular design of vehicle tire in which the cord plies are arranged at 90 degrees to the direction of travel, or radially, which is the centre of the tire. The different aircraft tire platforms include fixed wing and rotary wing. Aircraft tires are used for applications in wide-body aircraft, very large aircraft, regional transport aircraft, and narrow-body aircraft. The aircraft tires market end-users include OEMs, retread tires, and replacement tires.

Major Driver - Surging Air Travel Demand Fuelling Aircraft Tires Market Growth
The rising number of domestic and international air passengers is driving the aircraft tires market. The increase in domestic and international air passengers means the production of new aircraft needs to be done to meet the demand, which increases the usage of aircraft tires and also the frequent wear and tear of tires due to the continuous landing per tyre to meet the demands, further drives the market. For instance, according to the International Civil Aviation Organization (ICAO), the global number of airline passengers is expected to reach 10.5 billion by the year 2040. Also, according to the Boeing 2020-2039 commercial market outlook, India's domestic air passenger market is expected to double its size by 2030 from the pre-pandemic levels. Hence, the rising number of domestic and international air passengers drives the aircraft tires market.

Competitive Landscape:
Major companies operating in the aircraft tires market include Bridgestone Corporation, Michelin Group, 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, Aviation Tires & Treads LLC, Trelleborg AB, China National Tire & Rubber Co., Tost GmbH Flugzeuggeratebau, Compagnie Generale Des Etablissements Michelin, Polymer Enterprises Inc., Maxam Tire North America Inc., Stomil-Poznan SA, Airframes Alaska Co., Condor Flugdienst GmbH, Aero Tyre Trading FZC, Michelin Aircraft Tire Company, Techking Tires Limited, Nokian Tyres plc, Titan International Inc., Jenoptik AG

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Top Trend - Advancements In Aircraft Tire Technology And Safety
Technological advancements are a key trend gaining popularity in the aircraft tires market. Aircraft tire manufacturers are focusing on the development of tyres that have a longer life, higher resistance, and are more efficient. For instance, in May 2021, Goodyear Tire & Rubber Company, a US-based tyre manufacturing company, launched TPMS technology for aircraft tug tyre manufacturing. This technology helps reduce accidents by reducing any loss in pressure or a temperature change.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Aircraft Tires Market Characteristics
3. Aircraft Tires Market Trends And Strategies
4. Aircraft Tires Market - Macro Economic Scenario
5. Aircraft Tires Market Size And Growth
…..
27. Aircraft Tires Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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