Global Aircraft Tires Market

Aircraft Tires Market Size, Share, Growth Analysis, By Construction(Bias/Ply tires, and Radial tires), By Aircraft(Commercial, Narrow-body) - Industry Forecast 2024-2031

Report ID: SQMIG20A2208 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 66 | Figures: 64

Aircraft Tires Market News

  • In April 2022, Goodyear tires announced their intention to manufacture military aircraft tires using rubber sourced from dandelions, as part of their sustainable materials initiative. These tires will be made from the specific Taraxacum kok-saghyz dandelion species.
  • In May 2022, ChemChina's aircraft tire subsidiary, Shuguang Rubber Industry Research & Design Institute, partnered with engineering company Haohua Chemical Science & Technology to establish a new production facility for civil aviation tires.
  • In May 2022, Shuguang Rubber Industry Research & Design Institute disclosed their plan to invest USD 96 million in an aviation tire manufacturing facility in collaboration with Haohua Chemical Science & Technology, targeting an annual output of approximately 50,000 aircraft tires.
  • In July 2022, Bridgestone revealed its plans to streamline aircraft tire retreading manufacturing in the Asia-Pacific region. To optimize production, they consolidated the manufacturing of retread aircraft tires at their Chonburi, Thailand facility (BAMT), which previously housed Bridgestone Aircraft Tire Company Asia (BAA).
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FAQs

Aircraft Tires Market size was valued at USD 2.33 billion in 2021 and is poised to grow from USD billion 2.46 in 2022 to USD 3.77 billion by 2030, growing at a CAGR of 5.5% in the forecast period (2023-2030).

The aviation tires market is characterized by intense competition among key players. Established tire manufacturers, along with emerging companies, vie for market share through product innovation, advanced technology integration, and expanding their distribution networks. Major companies focus on offering a wide range of high-quality aviation tires that cater to various aircraft types, meeting the stringent safety and performance requirements of the aviation industry. Additionally, strategic partnerships, mergers, and acquisitions are common strategies to strengthen market presence and achieve a competitive edge. The market's competitive landscape is driven by a constant pursuit of excellence and customer-centric solutions to remain at the forefront of this rapidly evolving industry. 'Michelin (France)', 'Goodyear Tire and Rubber Company (US)', 'Bridgestone Corporation (Japan)', 'Dunlop Aircraft Tyres Ltd. (UK)', 'Qingdao Sentury Tires Company Limited (China)', 'Wilkerson Aircraft Tires (US)', 'Petlas Tire Corporation (Turkey)', 'Aviation Tires and Treads, LLC (US)', 'Specialty Tires of America (US)'

The growing preference for air travel as a mode of transportation, fueled by factors such as economic expansion and globalization, has led to a rise in passenger air travel. This has resulted in a higher demand for commercial aircraft, consequently driving the need for aviation tires.

Increasing Demand for Fuel-Efficient Tires:

The aircraft tires market is analyzed based on its regional presence, which includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. In North America, the commercial aviation segment is the dominant segment of the aviation tires market. This is primarily due to the presence of a large number of major airlines, extensive air travel networks, and a robust demand for passenger and cargo transportation across the region. The well-established aviation industry in North America, including the United States and Canada, has led to a consistent and substantial demand for high-quality aircraft tires to support the growing fleet of commercial airplanes.

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Global Aircraft Tires Market

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