Aircraft Tire Market to Reach US$37.22 Billion by 2031 Amid Rising Aviation Demands - Persistence Market Research

The global aircraft tire market is witnessing robust growth, fueled by increasing air traffic, a rising number of commercial aircraft deliveries, and the growing importance of tire durability and performance in aviation safety. According to Persistence Market Research, the aircraft tire market size is expected to grow from US$19.12 billion in 2024 to US$37.22 billion by 2031, recording a healthy CAGR of 6.2% during the forecast period.

This significant growth trajectory is largely driven by expanding fleets of commercial and defense aircraft across key economies. Among various segments, radial ply tires are gaining rapid traction due to their enhanced operational lifespan, fuel efficiency benefits, and better heat dissipation. From a regional standpoint, North America currently leads the market owing to the presence of major aircraft OEMs, robust aviation infrastructure, and a high frequency of air travel. The U.S., in particular, dominates due to its strong defense sector and commercial airline operations.

On the other hand, Asia Pacific is projected to be the fastest-growing region during the forecast period, thanks to booming air passenger traffic in countries like China and India, aggressive fleet expansion by local airlines, and rising defense budgets. Coupled with government initiatives to enhance regional air connectivity, this surge is laying a strong foundation for the aircraft tire market's growth.

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✅ Key Highlights from the Report

➤ The aircraft tire market is projected to reach US$37.22 Bn by 2031, expanding at a CAGR of 6.2%.
➤ Radial ply tires are rapidly gaining market share due to performance and durability advantages.
➤ North America leads the market owing to its mature aviation industry and high air traffic volumes.
➤ Asia Pacific is set to grow fastest, driven by increased commercial aviation activity and defense spending.
➤ OEM sales channels dominate due to continuous aircraft deliveries from major manufacturers.
➤ The commercial aviation segment remains the primary end user for aircraft tires globally.

✅ Market Segmentation: Insights by Aircraft Type, Ply, and Sales Channel

The aircraft tire market is broadly segmented based on aircraft type, ply type, and sales channels. By aircraft type, the market encompasses narrowbody aircraft, small widebody, medium/large widebody aircraft, propeller aircraft, helicopters, defense and homeland security aircraft, and freighters. Among these, narrowbody aircraft account for a significant market share, driven by their high utilization in short-to-medium haul flights and growing preference by low-cost carriers.

Defense and homeland security aircraft also form a vital segment, particularly in regions such as North America and the Middle East, where military modernization and fleet upgrades are prominent. As air forces across the globe invest in enhancing the readiness of their fleets, demand for high-performance and durable tires in this category remains strong.

By ply type, the market is segmented into bias ply and radial ply. While bias ply tires have traditionally dominated the market due to their robust load-bearing capacity, radial ply tires are steadily gaining popularity. Radial technology offers lighter weight, greater heat dissipation, and extended tire life, which can reduce operational costs for airlines. As a result, more OEMs and MRO (maintenance, repair, and overhaul) providers are shifting toward radial options.

In terms of sales channels, OEM continues to dominate due to the continuous roll-out of new aircraft, especially in commercial aviation. However, the aftermarket segment is also experiencing significant growth as airlines increasingly prioritize preventive maintenance and timely tire replacements to ensure safety and regulatory compliance.

✅ Regional Insights: Growth Trends Across Global Markets

North America continues to command a major share in the aircraft tire market, driven by the presence of major aircraft manufacturers like Boeing, and a strong airline industry with one of the highest passenger traffic volumes globally. The region also benefits from a mature defense sector, which supports consistent demand for military aircraft tires.

In contrast, Asia Pacific is rapidly emerging as the fastest-growing market. Countries such as China, India, and Indonesia are seeing rapid expansion in commercial airline services, with increasing investments in both domestic and international connectivity. The surge in middle-class air travelers and defense modernization programs is further accelerating the need for new aircraft and maintenance services, thereby boosting demand for aircraft tires.

✅ Market Drivers Fueling Industry Expansion

One of the major drivers for the aircraft tire market is the global increase in air passenger traffic, especially in emerging economies. As more people opt for air travel, airlines are expanding their fleets to meet this demand, directly fueling the need for new aircraft tires. Additionally, rising military budgets across the globe are leading to the procurement of new aircraft, increasing maintenance cycles and tire replacement frequencies.

The push toward lightweight and fuel-efficient components in aviation also supports the adoption of advanced radial tires, which reduce weight and improve fuel economy. OEMs are working closely with tire manufacturers to incorporate innovative materials and designs that meet both safety and performance standards.

✅ Market Restraints Hindering Growth

Despite the promising outlook, the market faces several challenges. High manufacturing costs and complex regulatory requirements for aircraft tires can slow down innovation and limit the entry of new players. The strict quality and safety standards mandated by aviation authorities mean that R&D and certification processes are often time-consuming and expensive.

Additionally, raw material price volatility affects profit margins for manufacturers. Aircraft tires must be constructed using highly specialized materials such as aramid fibers and heat-resistant rubber compounds, and fluctuations in the supply or cost of these materials can negatively impact production costs and pricing strategies.

✅ Emerging Market Opportunities

There are significant opportunities emerging in the aftermarket segment, particularly with the growing focus on tire retreading and recycling. Retreading aircraft tires not only reduces operational costs but also aligns with global sustainability efforts. As airlines face mounting pressure to reduce carbon footprints, the demand for eco-friendly and cost-efficient tire solutions is expected to rise.

Further, the market is seeing rising interest in smart tire technologies, such as sensors embedded in tires to monitor pressure, temperature, and tread wear in real time. These technologies enhance safety and maintenance planning, offering a new growth avenue for innovative players.

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✅ Frequently Asked Questions (FAQs)

➤ How Big is the Aircraft Tire Market?
➤ Who are the Key Players in the Global Market for Aircraft Tires?
➤ What is the Projected Growth Rate of the Aircraft Tire Market?
➤ What is the Market Forecast for Aircraft Tires for 2032?
➤ Which Region is estimated to dominate the Aircraft Tire Industry through the Forecast Period?

✅ Company Insights: Leading Market Players

✦ Bridgestone Corporation
✦ Goodyear Tire & Rubber Company
✦ Compagnie Générale des Établissements Michelin
✦ Dunlop Aircraft Tyres Limited
✦ Polymer Enterprises Inc.
✦ Maxam Tire International
✦ Specialty Tires of America
✦ Petlas Tire Corporation
✦ Aviation Tires & Treads

✅ Recent Developments in the Market

■ In 2023, Michelin unveiled its new ultra-lightweight aircraft tire, designed specifically for next-gen electric aircraft.
■ Bridgestone expanded its aviation tire plant in Tokyo to meet rising global OEM and aftermarket demand.

By keeping up with shifting technologies, evolving safety norms, and sustainability trends, stakeholders in the aircraft tire industry are well-positioned to capitalize on the market's dynamic growth potential. With rising air travel and new aircraft being deployed globally, the industry is set to roll forward with momentum through 2031 and beyond.

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