Aircraft Tire Market 2018-2022 Global Key Players: Tires & Treads, LLC, Bridgestone Corporation, Compagnie Générale Des Établissements Michelin Sca, Desser Tire & Rubber Co

This report provides in depth study of “Aircraft Tire Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Licorice Candy Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.

Aircraft Tire Market Information Report by product type (radial and bias), by application (commercial and defense), and by Region - Global Forecast to 2022

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Aircraft Tire Global Market – Overview

The Global Aircraft Tire Market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of Aircraft Tire will grow at a rapid pace over the forecast period. The market is forecasted to witness slow but steady growth by 2027, which will be a surplus growth at a moderate CAGR during the projected period (2016 -2027).

As of 2016, there were more than 22,000 active commercial wide body and narrow body aircraft across the globe. These existing commercial fleets are expected to be replaced by more than 40,000 new aircraft, over the next 20 years, and the global fleet is likely to reach 45,000 aircraft by 2036. Moreover, the high demand for air travel in the emerging regions, such as Asia, Latin America, and the Middle East, leads to an increase in the number of aircraft in these regions. As a result, approximately 22,000 commercial aircraft are expected to be delivered to these regions in the next 20 years. On the other hand, it is expected that over 15,000 commercial aircraft would be delivered in developed regions such as North America and Europe, by 2036.

Moreover, the global military aircraft fleet, as of 2016, was over 53,000, with the US having the largest share (26%) of the military planes, followed by Russia (7%), China (6%), and India (4%). With the increasing defence budgets of a number of countries, there have been high development and procurement of military aircraft, in the recent years.

The expansion of the existing commercial and military aircraft fleets along with the launch of new airlines would result in increased demand in the aircraft tire market in the forthcoming years. Hence, it is expected that the rapid fleet expansion would eventually drive the Aircraft Tire market.

In 2014, the average retirement age of a widebody aircraft, in particular, was around 24 to 25 years. Moreover, in 2012 and 2013, there were around 44 premature retirements of old aircraft, which accounted for more than 4% of the total retirements of widebody planes. At the end of the forecast period, it is anticipated that the aircraft retirements may reach up to 200 a year, primarily due to the growing fuel prices.

For example, the Boeing 747-400 is a maintenance-intensive aircraft. The retirements of such planes will have a huge impact on the Aircraft Tire market. The continued retirements of such aircraft will lead to an expected negatively influence the overall aircraft tire market. These aircraft have low maintenance and repair requirements, which would inhibit the Aircraft Tire market eventually.

In automotive industry, consumer preferences are continuously changing. Across the world, the demand for various factors such as high performance, high efficiency, increased safety, and security are increasing for different automotive applications. At the same time, when it comes to the actual purchase of a vehicle, consumers prefer a model having all of the above mentioned parameters but preferably at a lower cost (price). Due to changing consumer needs across global markets, rapid technological advancements are taking place in Aircraft Tire industry to introduce differentiate products. While considering the above improvements, product pricing (low cost) is given a prominent weightage during initial development phase. This is a big challenge for the manufacturers as a lot of research and development (R&D) activities go into the new product development phase, which requires huge investments.

Industry/ Innovation/ Related News:

June, 2017 - Private equity firm Liberty Hall Capital Partners L.P. acquired Dunlop Aircraft Tyres Ltd. for $135 million from AAC Capital Partners and other shareholders. AAC Capital Partners has been the Birmingham, England-based tire maker's majority owner since 2007.

December, 2016– Bridgestone Corporation announced planned to construct two new manufacturing plants in Thailand. One plant will produce new aircraft tires, while the second plant will produce retread aircraft tires. The total investment will be approximately JPY15.0 billion (USD 150 million*2) and both new plants are scheduled to start production in December 2019. The Bridgestone Group has been operating in Thailand for roughly half a century, and the establishment of new plants in this country is expected to further contribute to its economic and industrial development.

December, 2015 - The Goodyear Tire & Rubber Company was selected by The Boeing Company to provide nose and main landing gear tires for its new 777X aircraft, which is scheduled for delivery in 2020. Building on the success of the Boeing 777 and 787 Dreamliner, the Boeing 777X will be the largest and most efficient twin-engine jet in the world, unmatched in every aspect of performance, according to Boeing officials

June, 2015 - Intralogistics automation specialist, Cimcorp, secured the biggest order in its history from Chinese tire manufacturer, Qingdao Sentury Tire Co Ltd, for a turnkey material handling solution at its new factory in Thailand. The order, valued at nearly 30 million euros, is for a fully automated handling system based on Cimcorp's Dream Factory solution and will cover the handling of PCR (passenger car radial) green tires from the tire-building machines to the curing presses, as well as finished tire sorting, palletizing, warehousing and shipping.

Aircraft Tire Market – Segmentation

The Global Aircraft Tire Market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Product Type : Comprises radial and bias.

Segmentation by Application : Comprises Commercial and Defense

Segmentation by Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Aircraft Tire Market: Regional Analysis

Asia-Pacific region has witness a high growth during the forecast period due to the increasing demand by the commercial airlines segment which indirectly will boost the aircraft tires market. Government spending for infrastructure development, liberalization and GDP growth in these region have resulted in the growth of Asia-Pacific.

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