Aircraft Tires Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities

The Aircraft Tires Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Aircraft Tires Market?
The size of the aircraft tires market has seen significant growth in previous years. The market value is projected to increase from $1.96 billion in 2024 to $2.05 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 5.0%. Factors such as aircraft fleet expansion, global air travel, runway condition surveillance, military modernization, and smart tires, contributed to this growth during the historical period.

Predictions suggest a robust expansion in the aircraft tires market over the forthcoming years, with an estimated valuation of $2.59 billion by 2029, maintaining a compound annual growth rate (CAGR) of 6.0%. The anticipated growth in this tenure is linked to the advancements in tire materials, progressive aircraft structures, urban air mobility (uam), eco-friendly aviation, space tourism, and exploration. The forecast period further points to the prevalence of trends like technological progression, use of advanced composite materials, high-speed landing gear designs, innovative tire tread patterns, and noise reduction in tires.

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What Are the Different Aircraft Tires Market Segments?
The aircraft tires market covered in this report is segmented -

1) By Product: Radial, Bias
2) By Platform: Fixed Wing, Rotary Wing
3) By Application: Wide Body Aircraft, Very Large Aircraft, Regional Transport Aircraft, Narrow Body Aircraft
4) By End-user: OEM, Retread Tires, Replacement Tires

Subsegments:
1) By Radial Tires: Radial Aircraft Tires for Commercial Jets, Radial Aircraft Tires for Military Aircraft, Radial Aircraft Tires for General Aviation
2) By Bias Tires: Bias Aircraft Tires for Commercial Jets, Bias Aircraft Tires for Military Aircraft, Bias Aircraft Tires for General Aviation

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What Are the Primary Drivers Shaping the Aircraft Tires Market?
The aircraft tires market is being propelled by the growing figures of domestic and international air passengers. This spike in air travel necessitates the manufacture of new aircraft to cater to the demand, subsequently escalating the utilization and frequency of wear and tear of aircraft tires due to continuous landings. This further fuels the market growth. For instance, the International Civil Aviation Organization (ICAO) predicts that the worldwide airline passenger count will hit 10.5 billion by 2040. Moreover, the Boeing 2020-2039 commercial market outlook anticipates that India's domestic air passenger market will expand to twice its size by 2030, compared to pre-pandemic levels. Therefore, the escalating figures of domestic and international air passengers are driving the growth of the aircraft tires market.

Which Companies Are Leading in the Aircraft Tires Market?
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

What Are the Major Trends Shaping the Aircraft Tires Market?
Innovations in technology are a leading trend gaining traction in the aircraft tires market. The emphasis for aircraft tire manufacturers is on creating tires with greater durability, superior resistance, and improved efficiency. For example, in December 2023, China's Changchun Institute of Applied Chemistry of the Chinese Academy of Sciences, a renowned aviation tire science centre, introduced a bionic synthetic rubber aviation tire. These innovative bionic synthetic rubber tires boast a service life that is over 35% longer than traditional aviation tires made from natural rubber, particularly in extreme operating conditions. By mimicking the molecular structure and main chemical constituents of natural rubber, the technology facilitates superior performance traits while keeping sustainable practices in mind.

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What Are the Top Revenue-Generating Geographies in the Aircraft Tires Market?
North America was the largest region in the aircraft tires market in 2024. Asia-Pacific was the fastest growing market in aircraft tires market. The regions covered in the aircraft tires market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Aircraft Tires Market?
2. What is the CAGR expected in the Aircraft Tires Market?
3. What Are the Key Innovations Transforming the Aircraft Tires Industry?
4. Which Region Is Leading the Aircraft Tires Market?

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