The latest report by IMARC Group, titled “Aircraft Tire Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, offers a comprehensive analysis of the industry, which comprises insights on the global aircraft tire market report. The global market size reached US$ 2.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.43% during 2023-2028.
Aircraft tires are specialized types of tires specifically designed to withstand the unique demands of aviation operations. They are engineered to endure extreme pressure, temperature variations, and heavy loads, all while providing the necessary traction for takeoffs and landings. Crafted using high-quality rubber compounds and reinforced materials, these tires are built to offer resilience against the wear and tear of rapid acceleration and deceleration on the runway. They are crucial for the safe and efficient operation of the aircraft and for enhancing the overall performance by ensuring proper ground handling and load distribution. As a result, aircraft tires find extensive applications as an essential component in various types of aircraft, ranging from commercial airliners and cargo planes to military jets and general aviation aircraft.
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Aircraft Tires Market Trends and Drivers:
The global aircraft tire market is primarily driven by the continuous growth in air travel and the expansion of fleet sizes among commercial airlines. In addition, advancements in tire technology, such as the development of eco-friendly and more durable materials, are supporting the market growth. Furthermore, the rising focus on safety protocols and regulations by aviation authorities worldwide is leading to a heightened emphasis on regular tire maintenance and timely replacements, thereby catalyzing product demand. Besides this, the advent of more fuel-efficient aircraft models necessitates the development of lightweight yet robust tires, which is also contributing to market growth.
Report Segmentation:
The report has segmented the market into the following categories:
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 (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Competitors Landscape with Key Players:
- 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.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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