Aircraft tires are a crucial component for all types of planes, designed to withstand the substantial weight and stress during takeoff and landing. Their durability and high-quality materials are essential to ensure extended tire life. These tires come in various sizes and materials, tailored to different aircraft types, offering attributes such as longevity, reliability, and superior control. The global demand for air travel, especially in the Asia Pacific and the Middle East, is driving the growth of commercial and military aircraft fleets in several nations. Boeing predicts a 3.1% growth in commercial fleets and a 4.0% increase in airline traffic between 2022 and 2040. The Asia Pacific region is expected to see the fastest growth at 4.2%. As aviation depends on aircraft tires for safe operations, the industry must invest in advanced manufacturing facilities and technology to ensure high-quality tire production.
The COVID-19 pandemic had a significant impact on the aviation industry, leading to reduced air travel demand and subsequently affecting the aircraft tire market. During the pandemic, air traffic plummeted, significantly impacting tire demand. Within the aircraft tire market, radial-ply tires dominate, thanks to their technological advancements, lightweight design, durability, improved traction, and fuel efficiency. While bias-ply tires are still popular in military aircraft due to their strong casing and long lifespan.
Among the various sectors in the aircraft tire market, commercial aviation holds the largest share. This is attributed to the growth of airline fleets, which require lightweight and durable tires to enhance safety and fuel efficiency, especially as passenger traffic increases globally. In terms of aircraft platforms, fixed-wing aircraft take the lead. The growth of international air travel and air passenger traffic drives the demand for fixed-wing aircraft, making them the dominant segment in the aircraft tire market. Fixed-wing aircraft are favored for long-distance operations, as they can fly at high altitudes and cover extensive distances without frequent refueling.
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Regional Analysis
North America is dominating the significant market growth during the forecast period owing to the rise in domestic players in modern aircraft tire systems. Because of the US government’s emphasis on air passenger safety during the previous five years, the aerospace and aviation sector in the US has boosted its investment. The United States is also investing in the innovation of aircraft tires. Major US-based market participants, such as Goodyear Tire and Rubber Co., are spending heavily on the discovery of alternative sources of natural rubber to reduce their reliance on exports. All of these factors contribute to the growth of the region’s Aircraft Tires market.
Key Players
- Aviation Tires & Treads, LLC
- Bridgestone Corporation
- Desser Holdings LLC
- Dunlop Aircraft Tires Limited
- The Goodyear Tire and Rubber Company
- Compagnie Generale Des Etablissements Michelin
- Other key venders
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Recent Developments
· In September 2022, Kumho Tyres (South Korea) received recognition with the Red Dot Design Award in Germany for its ‘Airborne Tire,’ an electric tire built for urban air mobility solutions.
Reasons to Acquire
- The radial-ply tires segment is dominating the market with the largest market share over the forecast period.
- The commercial aviation segment is influencing the largest market share over the forecast period.
- The Fixed-wing segment is influencing the largest market share over the forecast period.
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Competitive analysis:
The competitive analysis section of Global Aircraft Tires Market research report provides a detailed study of the competitive landscape within the market. It aims to identify and assess key market players, their strategies, and their impact on overall market dynamics. Each company’s profile provides insight into its business profile, product portfolio, geographic presence, and recent developments. This information helps stakeholders to gain a comprehensive understanding of market participants and their capabilities.
In addition, competitive analysis examines the market share held by each major player and assesses their position within the market. Assessing relative market strength considers factors such as revenue, market capitalization, and market share growth over time. By understanding the distribution of market shares, industry participants can identify key players and their market power.
Browse key industry insights spread across 200 pages with 120 market data tables and figures & charts from the report on The “Global Online Movie Ticketing Services Market Size, Share, and COVID-19 Impact Analysis, By Platform (PC and Mobile), By Application (Cinema, Entertainment Place, Shopping Malls, and Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032.”
Outline of Major Chapters:
- Chapter 1: Introduces the definition of Aircraft Tires, market overview.
- Chapter 2: market size in revenue and volume.
- Chapter 3: Detailed analysis of Aircraft Tires manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
- Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
- Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
- Chapter 6: Sales of Aircraft Tires in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
- Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
- Chapter 8: Global Aircraft Tires capacity by region & country.
- Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
- Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
- Chapter 11: The main points and conclusions of the report.
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