Aircraft Tire Market Report: Trends, Forecast and Competitive Analysis to 2030
2 – 3 business days after placing order
Aircraft Tire Trends and Forecast
The future of the global aircraft tire market looks promising with opportunities in the OEMs, replacement, and retreading markets. The global aircraft tire market is expected to reach an estimated $1.6 billion by 2030 with a CAGR of 2.6% from 2024 to 2030. The major drivers for this market are increasing number of commercial and military aviation fleets, surge in air travel, and growing investments by governments in aviation infrastructure development.
Lucintel forecasts that radial-ply tires will remain the larger segment over the forecast period due to improved technical and design advancements in terms of light-weight and durability.
Within this market, OEMs will remain the largest segment due to the growth in aircraft deliveries around the globe.
North America will remain the largest region over the forecast period due to significantly growing domestic players in advanced aircraft tires systems.
Emerging Trends in the Aircraft Tire Market
Emerging technologies, performance and sustainability trends are driving change in the aircraft tire market. With evolution in aviation industry, focus is geared towards enhancing tyre durability, safety and environment impact. The market landscape is undergoing changes due to innovations in material technology, manufacturing processes and tire design. Key stakeholders must be aware of these trends in order to remain competitive and meet the growing needs of modern aviation.
Recent Developments in the Aircraft Tire Market
The aircraft tire market has been experiencing recent changes that mirror significant advances made in technology, materials and manufacturing processes. As the aviation industry is growing and changing, there is a constant urge to improve tire performance, safety and sustainability. Major changes include new tire designs, new materials ,smart technologies integration and improvements in manufacturing methods among others. These shifts are transforming the market landscape ,improving operating efficiency and meeting emerging aviation requirements.
Strategic Growth Opportunities for Aircraft Tire Market
The market for aircraft tires is undergoing significant growth, driven by developments in technology, increasing demand for efficient and responsible options, as well as changing industry requirements. Commercial aviation, military space craft, regional jets, business jets and unmanned aerial vehicles (UAV) applications are crucial to the direction of future expansion. Each of these applications is characterized by its own potential for growth which has been influenced by such trends like new innovations in technology; environmental regulations; and market dynamics. To this end it is important that stakeholders must identify and exploit these dynamics to maximize their presence on the market.
Aircraft Tire Market Driver and Challenges
The growth of the aircraft tire market is determined by a complex web of technological, economic, and regulatory factors. Advances in technology are driving better performance and durability, while economic issues affect investment decisions and the behavior of markets. The requirements for safety and environmental friendliness also contribute to some extent. In this context, understanding these drivers and challenges is essential for stakeholders in order to effectively build their market strategies, seize opportunities, overcome potential difficulties.
The factors responsible for driving the aircraft tire market include:
1. Technological Advancements: Technological innovations remain critical catalysts of the growth witnessed in aircraft tires markets. This comes through advances such as use of lightweight materials that have high tensile strength or enhanced treads that enhance tire performance, safety and fuel efficiency. Smart tire technologies using sensors for real time monitoring improve efficiency during operation and promote safety among others. These developments conform to emerging airline preferences resulting in improved tires that perform even greater roles (as well as increased market opportunities).
2. Increasing Air Travel Demand: The post-pandemic surge in global air travel has led to an increase in demand for new airplanes which equally implies demand for new airplane tires. There is also an increasing need for advanced high-performance tires due to fleet expansions by airlines as they seek more fuel-efficient planes. This increased demand stimulates the market for new tire technologies and replacements thus supporting overall expansion within the aircraft tire sector.
3. Focus on Sustainability: Developments like environmental concerns have made it possible for there to be a growing focus on how they can change things regarding relationships between man-made items used on planes that are not sustainable. Apart from eco-friendly materials used by manufacturers while making tyres with low pollution during disposal stages. In addition, the use recycled parts reduces carbon emissions during manufacturing thereby meeting worldwide development policy aims giving room for green conscious individuals whose interest lies in tyre products.
4. Military and Defense Spending: Increased military budgets coupled with global modernization efforts are driving demand for specialty aircraft tires. The military aerospace sector requires high-performance, durable tires capable of withstanding extreme conditions. Investments in advanced military aircraft and unmanned systems create opportunities for manufacturers to supply tires that meet rigorous specifications, driving growth in the defense segment of the market.
5. Expansion of Fleet Modernization: Another major driver is fleet modernization as airlines look to bring their fleets up-to-date and take advantage of more efficient aircrafts that require sophisticated tyres. The move towards such modernization has increased the demand for better quality and performance-enhancing tyres thereby giving a market space for those firms that can come up with new ideas.
Challenges in the aircraft tire market are:
1. Regulatory Compliance: One challenge faced by tire companies in this industry is strict compliance with safety and environmental regulations. There are various standards on tire performance, safety requirements, and environmental pollution levels that need to be met among others which could prove costly to comply with through complex certification processes. These regulatory requirements will require companies to maintain competitiveness while still ensuring their survival.
2. Economic Fluctuations: Economic fluctuation or uncertainty may cause a reduction in investments and consumer spending hence affecting the market for aircraft tires. Economic downturns can lead to reduced demand for new aircraft and tire replacements, affecting overall market growth. It is therefore imperative that these changes be managed against the backdrop of unstable economic environments so as not only do they survive but also grow.
3. Supply Chain Disruptions: The airline tire market is exposed to challenges in the form of supply chain disruptions arising from matters like political and geopolitical issues, natural hazards, or pandemics. Disruptions in the supply of raw materials and components can result in production delays as well as increased costs. In order to mitigate such risks and ensure sustained production and supply, it is necessary to develop resilient supply chains and diversify sourcing strategies.
Major influences on the aircraft tire market include technological advancements, higher air travel demand rates, a focus on sustainability, military allocations, fleet overhauls or modernization initiatives etc. However, regulatory compliance bottlenecks as well as economic fluctuations and disruptions in the supply chains are some of the challenges that also influence this market. These drivers together with other factors determine growth prospects and operational approaches which define market dynamics. With these drivers addressed and obstacles overcome within this industry stakeholders will better navigate the market trends that are emerging thereby ensuring their contribution towards its overall development and resilience levels.
List of Aircraft Tire Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies aircraft tire companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the aircraft tire companies profiled in this report include-
The study includes a forecast for the global aircraft tire by type, aircraft type, platform, end use, and region.
Aircraft Tire Market by Type [Shipment Analysis by Value from 2018 to 2030]:
The aircraft tire market is fast changing due to improvements in materials, technology and production. These developments are indicative of wider trends for aerospace innovation such as composite integration, better durability and efficiency with regard to the growing need for more reliable eco-friendly solutions. The aircraft tire market is witnessing substantial growth globally, driven by increased demand from various industries such as OEMs, replacement, and retreading. Major players in the market are expanding their operations and forming strategic partnerships to strengthen their positions. Below content highlights recent developments by major aircraft tire producers in key regions: the USA, China, Germany, India, and Japan.
Market Size Estimates: Aircraft tire market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Aircraft tire market size by various segments, such as by type, aircraft type, platform, end use, and region in terms of value ($B).
Regional Analysis: Aircraft tire market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, aircraft types, platforms, end uses, and regions for the aircraft tire market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the aircraft tire market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
If you are looking to expand your business in this or adjacent markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more.
FAQ
Q1. What is the aircraft tire market size?
Answer: The global aircraft tire market is expected to reach an estimated $1.6 billion by 2030.
Q2. What is the growth forecast for aircraft tire market?
Answer: The global aircraft tire market is expected to grow with a CAGR of 2.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the aircraft tire market?
Answer: The major drivers for this market are increasing number of commercial and military aviation fleets, surge in air travel, and growing investments by governments in aviation infrastructure development.
Q4. What are the major segments for aircraft tire market?
Answer: The future of the aircraft tire market looks promising with opportunities in the OEMs, replacement, and retreading markets.
Q5. Who are the key aircraft tire market companies?
Answer: Some of the key aircraft tire companies are as follows:
Answer: Lucintel forecasts that radial-ply tires will remain the larger segment over the forecast period due to improved technical and design advancements in terms of light-weight and durability.
Q7. In aircraft tire market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to significantly growing domestic players in advanced aircraft tires systems.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the aircraft tire market by type (radial-ply tires and bias-ply tires), aircraft type (commercial aviation, military aviation, and business & general aviation), platform (fixed-wing aircraft and rotary-wing aircraft), end use (OEMs, replacement, and retreading), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Aircraft Tire Market, Aircraft Tire Market Size, Aircraft Tire Market Growth, Aircraft Tire Market Analysis, Aircraft Tire Market Report, Aircraft Tire Market Share, Aircraft Tire Market Trends, Aircraft Tire Market Forecast, Aircraft Tire Companies, write Lucintel analyst at email: [email protected]. We will be glad to get back to you soon.
Market Report
Aircraft Tire Trends and Forecast
The future of the global aircraft tire market looks promising with opportunities in the OEMs, replacement, and retreading markets. The global aircraft tire market is expected to reach an estimated $1.6 billion by 2030 with a CAGR of 2.6% from 2024 to 2030. The major drivers for this market are increasing number of commercial and military aviation fleets, surge in air travel, and growing investments by governments in aviation infrastructure development.
Lucintel forecasts that radial-ply tires will remain the larger segment over the forecast period due to improved technical and design advancements in terms of light-weight and durability.
Within this market, OEMs will remain the largest segment due to the growth in aircraft deliveries around the globe.
North America will remain the largest region over the forecast period due to significantly growing domestic players in advanced aircraft tires systems.
Emerging Trends in the Aircraft Tire Market
Emerging technologies, performance and sustainability trends are driving change in the aircraft tire market. With evolution in aviation industry, focus is geared towards enhancing tyre durability, safety and environment impact. The market landscape is undergoing changes due to innovations in material technology, manufacturing processes and tire design. Key stakeholders must be aware of these trends in order to remain competitive and meet the growing needs of modern aviation.
- Advanced Materials and Technology: In this regard, the development of improved rubber compounds and advanced materials like high-strength composites have transformed aircraft tire performance by increasing durability, reducing weight, and fuel efficiency. Innovations such as temperature-proofed materials or wear-resistant materials that make tires last longer under extremely harsh conditions are also contributing to this trend. Advanced materials also help address modern-aviation’s needs for higher-performance operations while maintaining the much-needed reliability of its components.
- Increased Focus on Sustainability: Aircraft tire manufacturers are increasingly becoming more environmentally friendly with their choice of raw material and production processes for reduction in carbon emissions through recycling initiatives which involve biodegradable tyre compounds for manufacturing purposes. As governments introduce regulations aimed at promoting green solutions within respective industries, companies are making efforts to incorporate sustainable practices into their operational framework so as to improve environmental management.
- Enhanced Durability and Safety Features: Tire engineering and design has been focused on enhancing durability as well as safety through introducing features such as reinforced sidewalls; advanced tread patterns; impact resistance among others that improves tire performance lifespan. Additionally, better real-time condition assessment systems including advanced monitoring systems have been installed so as to improve operational safety while lowering risk of tire failure incidences. These advancements address the need for reliable high-performance tires in demanding aviation environments.
- Integration of Smart Technologies: The integration of smart technologies such as sensors or telemetry systems continues to increase across different airplane tires. They provide real-time data concerning pressure level, temperature level etc., thus making it possible for preventive maintenance actions. Smart technologies are critical for operations efficiency through timely provision of data that predicts tire performance, identifies potential problems and ensures that they do not escalate into complete failures. This trend enhances safety and reduces maintenance costs by enabling more informed decision-making.
- Growth of the Retrofit and Replacement Market: In order to put new efficient aircraft tires on their fleets, airlines have been opting for retrofitting/replacement in the retrofit or replacement market. The need to remain at peak performance and safety levels is what drives demand for replacement tires. Moreover, fleet operators are encouraged to retrofit older aircrafts with advanced tire designs and technologies as well. This trend signifies continued investment in fleet modernization in an attempt to improve operational efficiency while reducing lifecycle costs.
Recent Developments in the Aircraft Tire Market
The aircraft tire market has been experiencing recent changes that mirror significant advances made in technology, materials and manufacturing processes. As the aviation industry is growing and changing, there is a constant urge to improve tire performance, safety and sustainability. Major changes include new tire designs, new materials ,smart technologies integration and improvements in manufacturing methods among others. These shifts are transforming the market landscape ,improving operating efficiency and meeting emerging aviation requirements.
- Introduction of Advanced Materials: Recent advancements in aircraft tire materials have led to the development of high-performance composites and specialized rubber compounds. These substances make tires last longer, weigh less and boost fuel economy. Others like heat resistant or wear resistant compounds contribute to longer living tread life under most hostile conditions. Utilization of advanced stuffs helps meet increasing demands for reliable aircraft tires which are environmentally friendly as well as operational.
- Advancements in Manufacturing Techniques: Several developments are being made on techniques for manufacturing aircraft tires including precision molding and advanced curing methods among others. They help enhance the consistency and quality of tires, lower production costs as well as boost general functionality. Also there can be such integration possibilities as complex step patterns or more sophisticated structural elements resulting into improved traction, stability and safeness This makes manufacturing processes more dependable producing better tyre products of high quality for air transport purposes.
- Development of Eco-Friendly Tires: There is a growing focus on developing eco-friendly aircraft tires that minimize environmental impact. It also encompasses using recyclable rubbers or biodegradable compounds alongside energy-efficient methods when making these types of tires .With regards to global sustainability goals; this way eco-friendly tires aim at reducing carbon emissions together with waste. This development addresses concerns over the environment by helping the industry meet regulatory requirements for greener solutions to growing demand both from consumers and from regulators .
- Integration of Smart Technologies: The introduction of smart technologies into airplane tires is changing the market dynamics significantly. Sensors telemetry systems are being integrated into the tires to provide real-time monitoring of tire pressure, temperature and wear. This allows for predictive maintenance and early problem detection, thereby enhancing operational safety. Smart technologies improve tire management by providing critical information aiding in decision-making, and preventing probable failures. This way airlines can reduce costs on maintaining their aircrafts’ wheels.
- Expansion of Retrofit and Replacement Market: More retrofits or replacements are being made in the market for old airplane tires as many airlines and operators seek to upgrade their fleets. Recent technological innovations have even led to an increase in the need for changing older tyres so as to improve on performance and safety .This is fueled by desire for availing better efficiency at lower lifecycle cost levels. The growing retrofit market reflects continuous investments into fleet modernization coupled with maintaining high standards of operational reliability.
Strategic Growth Opportunities for Aircraft Tire Market
The market for aircraft tires is undergoing significant growth, driven by developments in technology, increasing demand for efficient and responsible options, as well as changing industry requirements. Commercial aviation, military space craft, regional jets, business jets and unmanned aerial vehicles (UAV) applications are crucial to the direction of future expansion. Each of these applications is characterized by its own potential for growth which has been influenced by such trends like new innovations in technology; environmental regulations; and market dynamics. To this end it is important that stakeholders must identify and exploit these dynamics to maximize their presence on the market.
- Commercial Airlines: The commercial airline business presents a plethora of opportunities due to global air travel recovery coupled with expanding airline capacities. The need to have advanced tires that provide better performance and longer life span because there is an increase in demand for fuel-efficient planes. Improved tire materials and tread design are some of the technological developments aimed at meeting safety, efficiency and sustainability needs of planes. This segment offers companies the opportunity to supply high-performance tires that meet the ever-changing needs of airlines while contributing to the overall development within this industry.
- Military Aerospace: In addition to other key attributes associated with investment in modernized defense systems including sophisticated missile systems among others, the military aerospace sector also presents immense opportunities due to increased expenditure on advanced fighter aircrafts. The army requires specific tires that are able to perform under harsh conditions and still be reliable across various operational scenarios. Tires with superior resistance features including improved load bearing capacities could be developed towards improving durability. Stakeholders can profit from more orders as well as contracts if they invent innovative solutions customized for specific military uses because this sector emphasizes technological advances alongside efficiency in its operations.
- Regional Aircrafts: Growing demand for intra-regional flights particularly among emerging economies is pushing up regional aircrafts markets globally. In order words airlines operating such airplanes require tires which give them a combination of good performance characteristics with cost effectiveness and durability. Opportunities in this area cover the supply of tires which save fuel and maintenance expenses vis-?-vis particular regional aircraft types. The needs of this section of the market can be addressed through innovations in tire design as well as materials, both of which will help sustain the growth rate of regional aviation while ensuring that smaller planes can operate efficiently.
- Business Jets: The business jet segment has been expanding due to increased investment by companies and private individuals in private air travel. It is important to have a tire that would offer superior performance, comfort, and safety for high-end aircrafts. This is another niche market where there is an opportunity for development of high quality tiers with superior ride qualities, reduced noise levels and extended service life expectancy. A range of innovative ideas specific to business jets like advanced materials or customized styling could enable firms to reach out for some potential customers as well as match up the customer’s expectations on luxury and passenger flying experience.
- Unmanned Aerial Vehicles (UAVs):Across military, commercial as well as recreation UAV applications different demands exist within a given market owing to its dynamic nature. There are opportunities in this area such as developing tires that fit specific requirements associated with UAV such as lightweight construction or resilience across different environments. Modern tire technologies such as self-sensing systems can increase efficiency and reliability within UAV operations since they adapt with changing terrain conditions much faster than traditional tires. As drone technology continues to evolve, there will be a need for specialized tires that cater for various field requirements in this emerging industry.
Aircraft Tire Market Driver and Challenges
The growth of the aircraft tire market is determined by a complex web of technological, economic, and regulatory factors. Advances in technology are driving better performance and durability, while economic issues affect investment decisions and the behavior of markets. The requirements for safety and environmental friendliness also contribute to some extent. In this context, understanding these drivers and challenges is essential for stakeholders in order to effectively build their market strategies, seize opportunities, overcome potential difficulties.
The factors responsible for driving the aircraft tire market include:
1. Technological Advancements: Technological innovations remain critical catalysts of the growth witnessed in aircraft tires markets. This comes through advances such as use of lightweight materials that have high tensile strength or enhanced treads that enhance tire performance, safety and fuel efficiency. Smart tire technologies using sensors for real time monitoring improve efficiency during operation and promote safety among others. These developments conform to emerging airline preferences resulting in improved tires that perform even greater roles (as well as increased market opportunities).
2. Increasing Air Travel Demand: The post-pandemic surge in global air travel has led to an increase in demand for new airplanes which equally implies demand for new airplane tires. There is also an increasing need for advanced high-performance tires due to fleet expansions by airlines as they seek more fuel-efficient planes. This increased demand stimulates the market for new tire technologies and replacements thus supporting overall expansion within the aircraft tire sector.
3. Focus on Sustainability: Developments like environmental concerns have made it possible for there to be a growing focus on how they can change things regarding relationships between man-made items used on planes that are not sustainable. Apart from eco-friendly materials used by manufacturers while making tyres with low pollution during disposal stages. In addition, the use recycled parts reduces carbon emissions during manufacturing thereby meeting worldwide development policy aims giving room for green conscious individuals whose interest lies in tyre products.
4. Military and Defense Spending: Increased military budgets coupled with global modernization efforts are driving demand for specialty aircraft tires. The military aerospace sector requires high-performance, durable tires capable of withstanding extreme conditions. Investments in advanced military aircraft and unmanned systems create opportunities for manufacturers to supply tires that meet rigorous specifications, driving growth in the defense segment of the market.
5. Expansion of Fleet Modernization: Another major driver is fleet modernization as airlines look to bring their fleets up-to-date and take advantage of more efficient aircrafts that require sophisticated tyres. The move towards such modernization has increased the demand for better quality and performance-enhancing tyres thereby giving a market space for those firms that can come up with new ideas.
Challenges in the aircraft tire market are:
1. Regulatory Compliance: One challenge faced by tire companies in this industry is strict compliance with safety and environmental regulations. There are various standards on tire performance, safety requirements, and environmental pollution levels that need to be met among others which could prove costly to comply with through complex certification processes. These regulatory requirements will require companies to maintain competitiveness while still ensuring their survival.
2. Economic Fluctuations: Economic fluctuation or uncertainty may cause a reduction in investments and consumer spending hence affecting the market for aircraft tires. Economic downturns can lead to reduced demand for new aircraft and tire replacements, affecting overall market growth. It is therefore imperative that these changes be managed against the backdrop of unstable economic environments so as not only do they survive but also grow.
3. Supply Chain Disruptions: The airline tire market is exposed to challenges in the form of supply chain disruptions arising from matters like political and geopolitical issues, natural hazards, or pandemics. Disruptions in the supply of raw materials and components can result in production delays as well as increased costs. In order to mitigate such risks and ensure sustained production and supply, it is necessary to develop resilient supply chains and diversify sourcing strategies.
Major influences on the aircraft tire market include technological advancements, higher air travel demand rates, a focus on sustainability, military allocations, fleet overhauls or modernization initiatives etc. However, regulatory compliance bottlenecks as well as economic fluctuations and disruptions in the supply chains are some of the challenges that also influence this market. These drivers together with other factors determine growth prospects and operational approaches which define market dynamics. With these drivers addressed and obstacles overcome within this industry stakeholders will better navigate the market trends that are emerging thereby ensuring their contribution towards its overall development and resilience levels.
List of Aircraft Tire Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies aircraft tire companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the aircraft tire companies profiled in this report include-
- Michelin
- Goodyear Tire & Rubber Company
- Bridgestone
- Dunlop Aircraft Tyres
- Qingdao Sentury Tires Company
- Wilkerson Aircraft Tires
- Petals Tire
The study includes a forecast for the global aircraft tire by type, aircraft type, platform, end use, and region.
Aircraft Tire Market by Type [Shipment Analysis by Value from 2018 to 2030]:
- Radial-Ply Tires
- Bias-Ply Tires
- Commercial Aviation
- Military Aviation
- Business & General Aviation
- Fixed-Wing Aircrafts
- Rotary-Wing Aircrafts
- OEMs
- Replacement
- Retreading
- North America
- Europe
- Asia Pacific
- The Rest of the World
The aircraft tire market is fast changing due to improvements in materials, technology and production. These developments are indicative of wider trends for aerospace innovation such as composite integration, better durability and efficiency with regard to the growing need for more reliable eco-friendly solutions. The aircraft tire market is witnessing substantial growth globally, driven by increased demand from various industries such as OEMs, replacement, and retreading. Major players in the market are expanding their operations and forming strategic partnerships to strengthen their positions. Below content highlights recent developments by major aircraft tire producers in key regions: the USA, China, Germany, India, and Japan.
- United States: The US market has been witnessed remarkable progress especially in technology and sustainability in Aircraft Tire market. Tire manufacturers like Goodyear and Michelin are engaged in developing advanced materials as well as designs which add value to both durability and functionality. The innovations include use of light high-strength composites for weight reduction whilst improving tread pattern for better grip and fuel efficiency rates. Otherwise also there is increasing concern on how environmental friendliness could be achieved by reducing the impact of tyre manufacturing process on environment through recycling techniques. These developments have been expedited by demand for increased productivity from airplanes with reduced emissions.
- China: In China today, investments are being made into technology facilities as well as production capabilities that would help support their expanding aircraft tire market. Among them Cheng Shin Rubber or Qingdao Sentury Tire companies produce tires that aim at improving their customers’ flight experience through employing sophisticated material science based concepts besides modernized manufacturing procedures respectively. There is great emphasis on innovative aspects of tire robustness and safety meant for both internal requirements plus international competitiveness. This situation has been worsened because Chinese now make tires capable of resisting violent climatic conditions a fact that demonstrates Chinas significance within world aviation industry mainly concerning artificial wheels.
- Germany: In Germany advancements that have taken place involve use of technology along with focus on performance plus safety. The best examples would be Continental or Dunlop companies which offer high-performance aircraft tires having enhanced lifespan together with improved efficiency. Here, the innovations involve using advanced compounds and tread designs that increase tire wear life as well as safety in different operating environments. That is why these developments align with the nation’s broader focus on technological superiority and environmental friendliness within space.
- India: India's aircraft tyre market is progressing towards realization of increased output capacity coupled with improved technology. By investing in this advanced manufacturing capability such as MRF or Apollo Tyres companies want to enhance quality of their tyres. Recently adopted materials and technologies have been able to improve durability rates together with security aspects of an underlying tyre. Also India is working towards meeting international standards/certifications so as to become more competitive globally. Aircrafts also looking for good quality, reliable domestic tires thereby putting pressure on Indian carriers to develop new products locally.
- Japan: A strong emphasis on innovation and quality defines Japan’s aircraft tire market. Major manufacturers like Bridgestone and Yokohama are developing aircraft tires using the most current technologies and materials. These include the integration of advanced rubber compounds, tread patterns that aim to enhance tire performance, as well as safety improving factors. The Japanese government also aims at making their production process for tires more environmentally friendly. All these developments are born out of necessity to meet modern aviation requirements for high-performance tires which can contribute to fuel efficiency and ensure safe aircraft operations.
Market Size Estimates: Aircraft tire market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Aircraft tire market size by various segments, such as by type, aircraft type, platform, end use, and region in terms of value ($B).
Regional Analysis: Aircraft tire market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, aircraft types, platforms, end uses, and regions for the aircraft tire market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the aircraft tire market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
If you are looking to expand your business in this or adjacent markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more.
FAQ
Q1. What is the aircraft tire market size?
Answer: The global aircraft tire market is expected to reach an estimated $1.6 billion by 2030.
Q2. What is the growth forecast for aircraft tire market?
Answer: The global aircraft tire market is expected to grow with a CAGR of 2.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the aircraft tire market?
Answer: The major drivers for this market are increasing number of commercial and military aviation fleets, surge in air travel, and growing investments by governments in aviation infrastructure development.
Q4. What are the major segments for aircraft tire market?
Answer: The future of the aircraft tire market looks promising with opportunities in the OEMs, replacement, and retreading markets.
Q5. Who are the key aircraft tire market companies?
Answer: Some of the key aircraft tire companies are as follows:
- Michelin
- Goodyear Tire & Rubber Company
- Bridgestone
- Dunlop Aircraft Tyres
- Qingdao Sentury Tires Company
- Wilkerson Aircraft Tires
- Petlas Tire
Answer: Lucintel forecasts that radial-ply tires will remain the larger segment over the forecast period due to improved technical and design advancements in terms of light-weight and durability.
Q7. In aircraft tire market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to significantly growing domestic players in advanced aircraft tires systems.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the aircraft tire market by type (radial-ply tires and bias-ply tires), aircraft type (commercial aviation, military aviation, and business & general aviation), platform (fixed-wing aircraft and rotary-wing aircraft), end use (OEMs, replacement, and retreading), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Aircraft Tire Market, Aircraft Tire Market Size, Aircraft Tire Market Growth, Aircraft Tire Market Analysis, Aircraft Tire Market Report, Aircraft Tire Market Share, Aircraft Tire Market Trends, Aircraft Tire Market Forecast, Aircraft Tire Companies, write Lucintel analyst at email: [email protected]. We will be glad to get back to you soon.
Market Report
1. EXECUTIVE SUMMARY
2. GLOBAL AIRCRAFT TIRE MARKET : MARKET DYNAMICS
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. MARKET TRENDS AND FORECAST ANALYSIS FROM 2018 TO 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Aircraft Tire Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Aircraft Tire Market by Type
3.3.1: Radial-Ply Tires
3.3.2: Bias-Ply Tires
3.4: Global Aircraft Tire Market by Aircraft Type
3.4.1: Commercial Aviation
3.4.2: Military Aviation
3.4.3: Business & General Aviation
3.5: Global Aircraft Tire Market by Platform
3.5.1: Fixed-Wing Aircrafts
3.5.2: Rotary-Wing Aircrafts
3.6: Global Aircraft Tire Market by End Use
3.6.1: OEMs
3.6.2: Replacement
3.6.3: Retreading
4. MARKET TRENDS AND FORECAST ANALYSIS BY REGION FROM 2018 TO 2030
4.1: Global Aircraft Tire Market by Region
4.2: North American Aircraft Tire Market
4.2.1: North American Aircraft Tire Market by Type: Radial-Ply Tires and Bias-Ply Tires
4.2.2: North American Aircraft Tire Market by End Use: OEMs, Replacement, and Retreading
4.3: European Aircraft Tire Market
4.3.1: European Aircraft Tire Market by Type: Radial-Ply Tires and Bias-Ply Tires
4.3.2: European Aircraft Tire Market by End Use: OEMs, Replacement, and Retreading
4.4: APAC Aircraft Tire Market
4.4.1: APAC Aircraft Tire Market by Type: Radial-Ply Tires and Bias-Ply Tires
4.4.2: APAC Aircraft Tire Market by End Use: OEMs, Replacement, and Retreading
4.5: ROW Aircraft Tire Market
4.5.1: ROW Aircraft Tire Market by Type: Radial-Ply Tires and Bias-Ply Tires
4.5.2: ROW Aircraft Tire Market by End Use: OEMs, Replacement, and Retreading
5. COMPETITOR ANALYSIS
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. GROWTH OPPORTUNITIES AND STRATEGIC ANALYSIS
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Aircraft Tire Market by Type
6.1.2: Growth Opportunities for the Global Aircraft Tire Market by Aircraft Type
6.1.3: Growth Opportunities for the Global Aircraft Tire Market by Platform
6.1.4: Growth Opportunities for the Global Aircraft Tire Market by End Use
6.1.5: Growth Opportunities for the Global Aircraft Tire Market by Region
6.2: Emerging Trends in the Global Aircraft Tire Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Aircraft Tire Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Aircraft Tire Market
6.3.4: Certification and Licensing
7. COMPANY PROFILES OF LEADING PLAYERS
7.1: Michelin
7.2: Goodyear Tire & Rubber Company
7.3: Bridgestone
7.4: Dunlop Aircraft Tyres
7.5: Qingdao Sentury Tires Company
7.6: Wilkerson Aircraft Tires
7.7: Petlas Tire
2. GLOBAL AIRCRAFT TIRE MARKET : MARKET DYNAMICS
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. MARKET TRENDS AND FORECAST ANALYSIS FROM 2018 TO 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Aircraft Tire Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Aircraft Tire Market by Type
3.3.1: Radial-Ply Tires
3.3.2: Bias-Ply Tires
3.4: Global Aircraft Tire Market by Aircraft Type
3.4.1: Commercial Aviation
3.4.2: Military Aviation
3.4.3: Business & General Aviation
3.5: Global Aircraft Tire Market by Platform
3.5.1: Fixed-Wing Aircrafts
3.5.2: Rotary-Wing Aircrafts
3.6: Global Aircraft Tire Market by End Use
3.6.1: OEMs
3.6.2: Replacement
3.6.3: Retreading
4. MARKET TRENDS AND FORECAST ANALYSIS BY REGION FROM 2018 TO 2030
4.1: Global Aircraft Tire Market by Region
4.2: North American Aircraft Tire Market
4.2.1: North American Aircraft Tire Market by Type: Radial-Ply Tires and Bias-Ply Tires
4.2.2: North American Aircraft Tire Market by End Use: OEMs, Replacement, and Retreading
4.3: European Aircraft Tire Market
4.3.1: European Aircraft Tire Market by Type: Radial-Ply Tires and Bias-Ply Tires
4.3.2: European Aircraft Tire Market by End Use: OEMs, Replacement, and Retreading
4.4: APAC Aircraft Tire Market
4.4.1: APAC Aircraft Tire Market by Type: Radial-Ply Tires and Bias-Ply Tires
4.4.2: APAC Aircraft Tire Market by End Use: OEMs, Replacement, and Retreading
4.5: ROW Aircraft Tire Market
4.5.1: ROW Aircraft Tire Market by Type: Radial-Ply Tires and Bias-Ply Tires
4.5.2: ROW Aircraft Tire Market by End Use: OEMs, Replacement, and Retreading
5. COMPETITOR ANALYSIS
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. GROWTH OPPORTUNITIES AND STRATEGIC ANALYSIS
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Aircraft Tire Market by Type
6.1.2: Growth Opportunities for the Global Aircraft Tire Market by Aircraft Type
6.1.3: Growth Opportunities for the Global Aircraft Tire Market by Platform
6.1.4: Growth Opportunities for the Global Aircraft Tire Market by End Use
6.1.5: Growth Opportunities for the Global Aircraft Tire Market by Region
6.2: Emerging Trends in the Global Aircraft Tire Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Aircraft Tire Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Aircraft Tire Market
6.3.4: Certification and Licensing
7. COMPANY PROFILES OF LEADING PLAYERS
7.1: Michelin
7.2: Goodyear Tire & Rubber Company
7.3: Bridgestone
7.4: Dunlop Aircraft Tyres
7.5: Qingdao Sentury Tires Company
7.6: Wilkerson Aircraft Tires
7.7: Petlas Tire
