Press release
2025-2034 Aircraft Tires Market Outlook: Key Drivers, Emerging Challenges, and Strategic Insights
Aircraft Tires
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What Will the Aircraft Tires Industry Market Size Be by 2025?_x000D_
The market for aircraft tires has been progressively expanding over the past few years. The market size is projected to rise from $1.96 billion in 2024 to $2.03 billion in 2025, with a compound annual growth rate (CAGR) of 3.9%. This growth in the historical period can be credited to factors such as the augmentation of the aircraft fleet, worldwide air travel, runway condition surveillance, modernization of the military, and the implementation of smart tires._x000D_
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What's the Long-Term Growth Forecast for the Aircraft Tires Market Size Through 2029?_x000D_
The market size of aircraft tires is projected to experience robust expansion in the coming years, escalating to $2.52 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 5.5%. The surge in this prognosis period is linked to creative tire substances, emerging aircraft blueprints, urban air mobility (uam), eco-friendly aviation, space tourism, and exploration. Key trends within this projection period encompasses solutions grounded in technology, sophisticated composite materials, high-velocity landing equipment, tire tread patterns, along with tires that reduce noise._x000D_
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https://www.thebusinessresearchcompany.com/report/aircraft-tires-global-market-report_x000D_
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What Are the Key Growth Drivers Fueling the Aircraft Tires Market Expansion?_x000D_
The growth in the aircraft tires market is fueled by the increasing volume of both domestic and international air travelers. The surge in domestic and international travelers implicates the necessity for producing new planes to accommodate that demand, which subsequently causes an increased usage of aircraft tires. The constant landings also lead to quicker tire wear and tear, stimulating market growth. The International Civil Aviation Organization (ICAO), for instance, predicts that the worldwide total of airline passengers will hit 10.5 billion by 2040. Moreover, the Boeing 2020-2039 commercial market forecast expects India's internal air passenger market to precisely double by 2030 from the levels seen before the pandemic. Consequently, the upsurge in domestic and international air travelers is propelling the aircraft tires market._x000D_
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What Are the Key Trends Driving Aircraft Tires Market Growth?_x000D_
The aircraft tires market is increasingly influenced by technological progress. The primary focus for manufacturers of aircraft tires is now on producing tires with increased lifespan, superior resistance, and improved efficiency. For example, the Changchun Institute of Applied Chemistry of the Chinese Academy of Sciences, a leading aviation tire research centre in China, introduced the bionic synthetic rubber aviation tire in December 2023. These innovative tires provide over 35% enhanced service life compared to conventional aviation tires made of natural rubber, especially in severe operational conditions. They adopt the molecular structure and key chemical components from natural rubber, which results in enhanced performance and sustainable attributes._x000D_
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How Is the Aircraft Tires Market Segmented?_x000D_
The aircraft tires market covered in this report is segmented - _x000D_
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1) By Product: Radial, Bias_x000D_
2) By Platform: Fixed Wing, Rotary Wing_x000D_
3) By Application: Wide Body Aircraft, Very Large Aircraft, Regional Transport Aircraft, Narrow Body Aircraft_x000D_
4) By End-user: OEM, Retread Tires, Replacement Tires_x000D_
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Subsegments:_x000D_
1) By Radial Tires: Radial Aircraft Tires for Commercial Jets, Radial Aircraft Tires for Military Aircraft, Radial Aircraft Tires for General Aviation _x000D_
2) By Bias Tires: Bias Aircraft Tires for Commercial Jets, Bias Aircraft Tires for Military Aircraft, Bias Aircraft Tires for General Aviation _x000D_
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Which Companies Are Leading the Charge in Aircraft Tires Market Innovation?_x000D_
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 _x000D_
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Which Regions Are Leading the Global Aircraft Tires Market in Revenue?_x000D_
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._x000D_
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3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks._x000D_
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