Press release
Aircraft Pumps Market Grows to $4.48 Billion: Key Drivers, Players, and Trends to Watch
Aircraft Pumps Market
Rapid expansion and modernization of aircraft fleets coupled with advancements in tire technologies, set to propel the global aircraft tires market from $1.96 billion in 2024 to $2.59 billion in 2029, with a compound annual growth rate (CAGR) of 6.0%.
What Is The Projected Market Size Of The Global Aircraft Tires Market And Its Growth Rate?
• The aircraft tires market size has grown considerably in recent years, from $1.96 billion in 2024 to $2.05 billion in 2025, evidencing a compound annual growth rate (CAGR) of 5.0%.
• Growth in the historic period can be attributed to aircraft fleet expansion, global air travel, runway condition monitoring, military modernization, and smart tires.
• Future growth of the aircraft tires market looks promising. It is projected to reach $2.59 billion in 2029 at a compound annual growth rate (CAGR) of 6.0%. Growth in the forecast period will be driven by innovative tire materials, evolving aircraft designs, urban air mobility (UAM), sustainable aviation, space tourism, and exploration.
What Is Driving The Growth In The Aircraft Tires Market?
An increase in domestic and international air passengers is driving the aircraft tires market. This rise necessitates the production of new aircraft to meet passenger demand, subsequently increasing the usage of aircraft tires. Constant wear and tear of tires due to frequent landings further fuels the market. According to the International Civil Aviation Organization (ICAO), the global number of airline passengers is expected to reach 10.5 billion by 2040. Furthermore, the Boeing 2020-2039 commercial market outlook suggests India's domestic air passenger market will double its size by 2030 from pre-pandemic levels. Thus, the spike in domestic and international air passengers is indeed driving the aircraft tires market.
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Who Are the Key Players Driving Aircraft Tires Market Growth?
• 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
What Are The Key Trends In The Aircraft Tires Market?
• Innovative Tire Materials
• Evolving Aircraft Designs
• Urban Air Mobility (UAM)
• Sustainable Aviation
• Space Tourism and Exploration
• Technological Advancements
• Advanced Composite Materials
• High-Speed Landing Gear
• Tire Tread Design
• Noise Reduction Tires
What Are The Segments Of The Global Aircraft Tires Market?
• By Product: Radial, Bias
• By Platform: Fixed Wing, Rotary Wing
• By Application: Wide Body Aircraft, Very Large Aircraft, Regional Transport Aircraft, Narrow Body Aircraft
• By End-user: OEM, Retread Tires, Replacement Tires
Which Region Leads The Aircraft Tires Market?
North America held the largest share of the aircraft tires market in 2024. Furthermore, Asia-Pacific exhibited the fastest growth rate in the same period. The report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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The Aircraft Tires Market Global Market Report covers key aspects:
- Market Size Analysis: Analysis of the Aircraft Tires Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identification of various subsegments within the Aircraft Tires Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examination of individual growth trends and prospects in the Market.
- Market Contribution: Evaluation of contributions of different segments to the overall Aircraft Tires Market growth.
- Growth Drivers: Detailed analysis of key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Aircraft Tires Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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