Global Aircraft Tire Market Size By Product (Radial, Bias), By Platform (Fixed Wing, Rotary Wing), By End-User (Commercial, Military & Defense), By Geographic Scope And Forecast

Aircraft Tire Market Size And Forecast

Aircraft Tire Market size was valued at USD 2.46 Billion in 2024 and is projected to reach USD 3.77 Billion by 2031, growing at a CAGR of 5.5% during the forecast period 2024-2031.

The Aircraft Tire Market encompasses the global demand for tires specifically designed for aircraft, including commercial, military, and general aviation applications. These tires are crucial components of an aircraft’s landing gear system, providing essential support during takeoff, landing, and taxiing operations. They are engineered to withstand high loads, extreme temperatures, and diverse operating conditions while ensuring optimal safety and performance.

Global Aircraft Tire Market Definition

Imagine your aircraft as a giant, heavy bird. The tires are its feet, designed to carry its colossal weight briefly. But as the plane gets heavier, we need more and more tires to spread the load evenly, just like how a bird needs more feet to support its weight when it grows. Aircraft tires aren't just plain and boring. They have special patterns on their surface, like grooves, that help them cut through the air and keep the plane steady even when there are strong winds blowing sideways. These patterns also help drain water away from the tire, which is super important because we don't want the plane to skid and slide like a hockey puck on ice. Another cool thing about aircraft tires is that they have these special plugs inside the wheels. These plugs are made of a special material that melts when the tire gets too hot. Why? Because sometimes, when planes have to make emergency landings or abort takeoffs, they need to use their brakes really hard, which can cause the tires to heat up dangerously. If the tires get too hot, they can burst like a balloon. But these plugs act like safety valves, melting and releasing air from the tire in a controlled way, preventing an explosion and keeping the plane safe.

Global Aircraft Tire Market Overview

Air travel is becoming more and more popular as the world's economy grows. With more people jetting around the world, airlines need more planes to meet the demand. This is good news for aircraft tire makers. To keep up with the demand for affordable air travel, airlines are focusing on low-cost options. This means they're buying more tires that are not as expensive. But the increased number of budget airlines isn't the only reason for the growing need for aircraft tires. Passengers are also flying more frequently, and with more people in the air, safety concerns are on the rise. As a result, airlines are replacing their tires more often. All of these factors have led to a boom in the global aircraft tire industry. New airlines are popping up all the time, and existing airlines are expanding their fleets. This means more planes, more tires, and more business for tire makers.

The government has generously funded and supported the aircraft tire business. Additionally, there is a huge need for military aircraft in the defense sector. Additionally, the demand for UAVs and aircraft carrying armaments is growing. The demand for airplanes from various markets is the industry’s main factor. Major corporations are investing in expanding their capacity to produce airplane tires to meet the rising demand. As a result of the considerations above, it is projected that the growth of aircraft tires will intensify in the coming years.

Global Aircraft Tire Market Segmentation Analysis

The Global Aircraft Tire Market is segmented on the basis of Product, Platform, End-User, and Geography.

Aircraft Tire Market, By Product

• Radial
• Bias

Based on Product, The market is segmented into Radial and Bias. The Radial segment is anticipated to dominate the Global Aircraft Tire Market. The aviation industry widely recognizes radial aircraft tires as solid and light. The environmentally beneficial performance of these tires is well-known.

Aircraft Tire Market, By Platform

• Fixed Wing
• Rotary Wing

Based on Platform, The market is segmented into Fixed Wing and Rotary Wing. Compared to fixed-wing, rotary-wing aircraft can hover, take off, land vertically, and swiftly change direction.

Aircraft Tire Market, By End-User

• Commercial
• Military & Defense

Based on End-User, The market is segmented into Commercial and Military & Defense. The Commercial segment is anticipated to dominate the Global Aircraft Tire Market. The increasing number of commercial airplanes transporting people across numerous nations due to rising air passenger traffic worldwide is one of the market trends for aircraft tires. With the increased use of commercial airplanes, the likelihood of tire wear and tear is skyrocketing, driving up demand for aftermarket tires.

Aircraft Tire Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Regional Analysis, The Global Aircraft Tire Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America will hold the largest Global Aircraft Tire Market owing to the rapidly expanding spending in the aircraft and aviation industries, especially in countries such as the US and Canada, where governments are highly focused on and mindful of the passenger’s security and accessibility.

Key Players

The “Global Aircraft Tire Market” study report will provide valuable insight emphasizing the global market. The major players in the market are Bridgestone Corporation, Goodyear Tire and Rubber Company, Specialty Tires of America Inc., Dunlop Aircraft Tyres Limited, Michelin, Qingdao Century Tires, Desser Tires & Rubber Co., LLC, Wilkerson Company, Aviation Tires & Treads, LLC, China National Tire & Rubber Co., Ltd, Sentury Tires Company Limited, Petlas Tire Corporation.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.

Key Developments

• In July 2022, Bridgestone announced intentions to combine part of its manufacturing for retreading airplane tires in Asia-Pacific. It has merged BAA (Bridgestone Aircraft Tyre Company Asia) production into its Chonburi, Thailand, plant (BAMT), which now produces retreaded aircraft tires, to optimize the production of retreaded aircraft tires in the Asia-Pacific area.
• In April 2022, Goodyear Tyres disclosed plans to use dandelion-derived rubber to create tires for military aircraft. Goodyear will create military aviation tires from a home supply of natural rubber made from dandelion seeds to generate tires from all sustainable materials. The Taraxacum kok-saghyz, a particular dandelion, will be used to make the tires.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Aircraft Tire Market. We cover the major impacting factors driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Aircraft Tire Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Report Scope

Analyst’s Take

Get ready for aircraft tires to take flight! In the years to come, they're expected to soar higher and higher. Why? Because there are more people hopping on planes, airlines are getting bigger, and tire technology is getting better. And that's not all. Safety and efficiency are now more important than ever, and tires play a big role in both. Plus, airlines are embracing planes that are lighter and use less fuel, which means even more opportunities for tire companies. Of course, there are always going to be some bumps in the road, like changes in the price of materials and the economy. But overall, it's a smooth ride for the aircraft tire market. Companies are working hard on new designs, better tires, and teaming up to stay ahead of the competition. So, buckle up and get ready for a market that's taking off!

Research Methodology of Market Research

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Reasons to Purchase this Report

Market Analysis We'll break down the market into different groups based on factors like income and demographics. We'll provide estimates of the market value in each of these segments and sub-segments. Growth Projections We'll pinpoint specific regions and segments that are expected to grow the fastest. We'll also identify the factors driving this growth. Geographic Focus We'll examine where the product or service is consumed and identify the factors affecting its popularity in each region. Competitive Landscape We'll rank the major players in the market and highlight their new product launches, partnerships, and acquisitions over the past five years. Company Profiles We'll provide in-depth information on the major players, including their business strategies, product offerings, and strengths and weaknesses. Market Outlook We'll analyze the current and future trends in the industry, including growth opportunities, challenges, and drivers of change. Industry Analysis We'll use Porter's Five Forces analysis to identify the competitive forces shaping the market. We'll also explore the value chain and market dynamics. Growth Opportunities We'll identify areas where the market is expected to expand in the coming years. Tailored Support Your purchase comes with six months of analyst support to answer any questions you have about the market.

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