Aircraft Tire Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Aircraft Tire Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • August 2021 •
  • 146 pages •
  • Report ID: 5917319 •
  • Format: PDF
The global aircraft tire market reached a value of US$ 1.56 Billion in 2020. Looking forward, the analyst expects the market to grow at a CAGR of 4.5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

An aircraft tire refers to a specialized wheel that is designed to provide stability to the aircraft and withstand heavy loads at high speeds. The tires are manufactured using nylon, steel and natural and artificial rubber and some of the common types of aircraft tires include radial and bias-ply tires. The radial tires consist of perpendicular fiber stands that are fixed at the tire sidewall in the direction of rotation to minimize bidirectional and sidewall flexibility. On the other hand, a bias-ply tire consists of fabric bias that can stretch on the bias and is placed across the direction of rotation and sidewall.

The significant growth in the commercial aviation and defense industries is one of the key factors driving the growth of the market. With the increasing air traffic across the globe, there is a growing need for highly efficient flight safety mechanisms, including tires, to ensure maximum passenger safety. Aeronautical manufactures are emphasizing on producing light-weight aircraft tires that are integrated with improved braking systems, which is providing a boost to the market growth. Additionally, advancements in tire manufacturing technologies, such as the utilization of next-generation materials, synthetic elastomer rubber and cross-linkable rubber, are acting as another growth-inducing factor. These materials are highly durable and aid in enhancing the overall fuel-efficiency of the aircraft by minimizing the weight of the tire. Other factors, including the growing demand for aircraft for various combat and non-combat operations in the defense sector, along with the increasing government investments in the aviation infrastructure, are projected to drive the market further.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global aircraft tire market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on product type, platform, sector and application.

Breakup by Product Type:
Radial
Bias

Breakup by Platform:
Fixed Wing
Rotary Wing

Breakup by Sector:
OEM
Replacement

Breakup by Application:
Commercial Aircraft
Narrow Body Aircraft
Wide Body Aircraft
Very Large Aircraft
Regional Transport Aircraft
Non-Commercial Aircraft

Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Aviation Tires, Bridgestone Corporation, Desser Tire & Rubber Co., Dunlop Aircraft Tyres Ltd., Goodyear Tire & Rubber Co., Michelin, Petlas Tire Corporation, Qingdao Sentury Tire Co. Ltd., Specialty Tires of America, Wilkerson Company Inc. (Wco) Ltd., etc.