Global Aircraft Tires
Market Report
2024
Aircraft tires market size is USD 1.4 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 2.9% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global aircraft tires market size is USD 1.4 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 2.9% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Aircraft Tires Market Sales Revenue 2024 | $ 1.4 Billion |
Global Aircraft Tires Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 2.9% |
Market Split by Type |
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Market Split by Aircraft |
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Market Split by Platform |
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Market Split by End-User |
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Market Split by Position |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Aircraft Tires industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Aircraft Tires Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Aircraft tires are designed to meet the specific demands of the aviation sector and are specifically manufactured for use in airplanes. They are crucial to the safety and efficiency of an aircraft, even when traveling at high speeds and in many types of weather. Factors like the expansion of the worldwide aircraft fleet, stricter safety regulations, and the ever-increasing volume of air traffic are propelling the need for aircraft tires. Several other factors are propelling the market forward, including the rising need for aircraft for a range of defense roles, both combat and non-combat and the increased investments in aviation infrastructure development by governments. Airline fleets are constantly being replenished with newer, more fuel-efficient models and larger ones to accommodate the increasing number of passengers. The need for aircraft tires is rising as a direct result of this expansion in the coming years.
Expanding market for commercial aircraft- A larger percentage of the world’s population will soon be able to afford to fly. More people are able to afford to travel by air, both domestically and internationally, because of rising salaries and the expansion of the middle class in developing nations. Expanding their fleets and replacing older, less fuel-efficient planes with newer, more sophisticated versions is how airlines are responding to this increasing demand. As a result of these upgrades and expansions, aircraft tires are in high demand. Aircraft tires are in high demand due to rising defense and military aircraft spending in several countries.
One major factor limiting market growth is the development of aircraft tires, which is a costly endeavor due to the high standards of durability, safety, and performance that are required. If the economy is in a recession, maintenance of aircraft tires will be delayed, which is expected to limit the aircraft tire market.
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In March 2024, Goodyear Tire & Rubber Company introduced two new RangeMax tires, the RangeMaxTM RTD™ ULT and the RangeMaxTM RSA® ULT, today. New Goodyear RangeMax tires are a steer-drive combination that offers superior traction, mileage, and range* for delivery and pickup vehicles operating in regional areas, irrespective of their powertrain. Regional work vehicles powered by electric, gas, or diesel can use these tires.
Top Companies Market Share in Aircraft Tires Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America emerged as the dominant region in the aircraft tire market because it has become sustainable with the employment of state-of-the-art technologies. In addition, the ever-increasing demand for aircraft tires is fueled by the rising number of people taking to the skies and the subsequent expansion of airline fleets to meet this need. In addition, the market is expected to be driven by the rising spending of the U.S. government on efficient and high-quality aircraft tires.
Asia-Pacific stands out as the fastest-growing region in the aircraft tire market because of the strict rules and regulations regarding safety. An increase in the number of people wanting to fly has led to a rise in the number of planes being ordered. Aircraft tires are expected to be in high demand over the forecast period due to Asia-Pacific's increased military spending on fighter aircraft development and procurement, which will contribute to the market's expansion.
The current report Scope analyzes Aircraft Tires Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Aircraft Tires Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Aircraft Tires Industry growth. Aircraft Tires market has been segmented with the help of its Type, Aircraft Platform, and others. Aircraft Tires market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, radial-ply tires are the dominant category because of their cutting-edge technological and aesthetic improvements. These include lower carbon emissions, improved fuel efficiency, higher traction, and cut resistance, overall durability, and lightweight. These features are why radial-ply tires have replaced bias-ply in many aircraft.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Aircraft Tires Industry. Request a Free Sample PDF!
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Aircraft Tires from 2019 to 2031. This will also help to analyze the demand for Aircraft Tires across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Aircraft of Aircraft Tires are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Senior Analyst at Cognitive Market Research
I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.
I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building. I fulfill data requirements with thorough research and analytics. ME and My research team provide intelligence on industry stats, market structure, company profiles/Competition Analysis, Forecast Mapping, and Recently started providing the COVID-19 Impact Analysis.
Specialties: Industry research, Company analysis, Location Strategy, Tech Research, Change Management, Process Improvement, Peer Group Benchmarking, Startup Ecosystem, Crypto Research, COVID19 Impact Analysis, etc.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Aircraft Tires Market is witnessing significant growth in the near future.
In 2023, the Radial-ply Tires segment accounted for noticeable share of global Aircraft Tires Market and is projected to experience significant growth in the near future.
The Commercial Aviation segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Michelin (France) , Bridgestone Corporation (Japan) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Safety, efficacy, and reliability are of the utmost importance in the aviation sector, where the aircraft tire industry plays a critical role. Aircraft tires are designed to endure a variety of extreme conditions, such as high speeds, hefty loads, and varying weather conditions.
https://www.epa.gov/regulatory-information-sector/construction-sector-naics-23
https://www.usace.army.mil/Missions/Civil-Works/Engineering-and-Construction/
https://www.abs.gov.au/statistics/industry/building-and-construction
https://business.gov.au/planning/industry-information/construction-industry
https://www.usitc.gov/research_and_analysis/tradeshifts/2021/footwear
Disclaimer:
Type | Radial-ply Tires, Bias-ply Tires |
Aircraft | Commercial Aviation, Military Aviation, Business and General Aviation |
Platform | Fixed-wing aircraft, Rotary-wing aircraft |
End-User | OEMs, Replacement, Retreading |
Position | Main-landing Tire, Nose-landing Tire |
List of Competitors | Michelin (France), Goodyear Tire and Rubber Company (US), Bridgestone Corporation (Japan), Dunlop Aircraft Tyres Ltd. (UK), Qingdao Sentury Tires Company Limited (China) |
This chapter will help you gain GLOBAL Market Analysis of Aircraft Tires. Further deep in this chapter, you will be able to review Global Aircraft Tires Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Aircraft Analysis 2019 -2031
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Chapter 12 Market Split by Platform Analysis 2019 -2031
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Chapter 13 Market Split by End-User Analysis 2019 -2031
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Chapter 14 Market Split by Position Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Aircraft Tires market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Radial-ply Tires have a significant impact on Aircraft Tires market? |
What are the key factors affecting the Radial-ply Tires and Bias-ply Tires of Aircraft Tires Market? |
What is the CAGR/Growth Rate of Commercial Aviation during the forecast period? |
By type, which segment accounted for largest share of the global Aircraft Tires Market? |
Which region is expected to dominate the global Aircraft Tires Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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