Considering the economic change due to COVID-19 and Russia-Ukraine War Influence, the global Aircraft Tires market is projected to reach USD 2928.7 million by 2028 from an estimated USD 2467.1 million in 2022, at a CAGR of 2.9% during 2023 and 2028.
Due to the growing airline network and global increase in demand for both military and commercial aircraft, the market for aviation tires has recently experienced significant growth. Furthering the adoption of radial ply aviation tires among well-known manufacturers is growing environmental concerns. This has helped the Aircraft Tires market to expand.
An increase in air passenger traffic across the globe is expected to fuel the Aircraft Tires market. This would trigger a huge increase in global demand for brand-new aircraft, directly affecting the market for aviation tires. Thus, it is projected that increased air traffic will fuel the market for aircraft tires throughout the forecast period.
An increase in procurement of military aircraft amid the rise in geopolitical tensions is expected to drive the growth of the Aircraft Tires market. Worldwide, numerous nations are buying military aircraft. It is anticipated that these advances would enhance demand for new military aircraft. During the projected period, this is anticipated to fuel the Aircraft Tires market.
Extreme pressures and temperatures are applied to aircraft tires. Tire wear on aircraft occurs during takeoff, landing, and taxiing. Tire wear is primarily attributable to takeoff because the aircraft is fully fueled and the tires have been preheated during taxiing. The condition of the rubber surrounding the tire's core is affected by other extreme operating circumstances, including high-energy braking, high-speed taxiing, and high-speed cornering. These circumstances can even lead to variations in tire conditions between different sets of landing gear on the same airplane. As a result, there is a constant need for tire replacement or retreading, which fuels the market for aircraft tires to develop. This will further fuel the growth of the Aircraft Tires market.
Based on type, Bias is expected to be the most lucrative segment.
Based on application, Commercial Aircraft is expected to be the most lucrative segment.
Based on region, Asia-Pacific is expected to be the most lucrative segment. USA is the largest Aircraft Tires market with about 40% market share. Europe is a follower, accounting for about 33% market share.
The key manufacturers are Michelin, Goodyear, Bridgestone, Dunlop, Shuguang Rubber etc. Top 3 companies occupied about 88% market share.
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
COVID-19 and Russia-Ukraine War Influence Analysis
The readers in the section will understand how the Aircraft Tires market scenario changed across the globe during the pandemic, post-pandemic and Russia-Ukraine War. The study is done keeping in view the changes in aspects such as demand, consumption, transportation, consumer behavior, supply chain management, export and import, and production. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come.
This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Aircraft Tires market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
This report will help stakeholders to understand the global industry status and trends of Aircraft Tires and provides them with information on key market drivers, restraints, challenges, and opportunities.
This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
This report stays updated with novel technology integration, features, and the latest developments in the market
This report helps stakeholders to understand the COVID-19 and Russia-Ukraine War Influence on the Aircraft Tires industry.
This report helps stakeholders to gain insights into which regions to target globally
This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Aircraft Tires
This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
| Report Metric | Details |
| Report Name | Aircraft Tires Market |
| The market size in 2022 | USD 2467.1 Million |
| The revenue forecast in 2028 | USD 2928.7 Million |
| Growth Rate | Compound Annual Growth Rate (CAGR) of 2.9% from 2023 to 2028 |
| Market size available for years | 2023-2028 |
| Forecast units | Value (USD) |
| Segments covered | By Type, Application & Regions |
| Report coverage | Revenue & volume forecast, company share, competitive landscape, growth factors, and trends |
| Geographic regions covered | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Ans. The global Aircraft Tires market is projected to reach USD 2928.7 million by 2028 from an estimated USD 2467.1 million in 2022, at a CAGR of 2.9% during 2023 and 2028.
Ans. The global Aircraft Tires market is expected to grow at a compound annual growth rate of 2.9% from 2023 to 2028.
Ans. The key manufacturers are Michelin, Goodyear, Bridgestone, Dunlop, Shuguang Rubber etc. Top 3 companies occupied about 88% market share.
Ans. Yes, ChapterWise report available for the Aircraft Tires Market.
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