The commercial aviation and defense industries are both seeing an increase in demand for aircraft tires. The global Aircraft Tire market is expected to rise at a considerable rate in the forecast period. As geopolitical tensions rise, more money is being invested in the military sector, as several countries vie for air defense superiority. Furthermore, due to rising disposable income and increased commercial activity, the number of worldwide aviation passengers is expanding. As a result, the global Aircraft Tire market has been booming in recent years. Furthermore, there has been an increase in the number of air crash incidents recently. Some of these air accidents are caused by tire malfunctions. The FAA has addressed the problem and adopted suitable airplane design requirements. This necessitates regular replacement of aircraft tires, which has been a major driver of the aircraft tire market's growth in recent decades.
On the negative side, the manufacture of aircraft tires necessitates the use of a vast variety of raw materials, including nylon cable, steel, and synthetic or natural rubber. The rising price of rubber is a stumbling block to the aircraft tires market's progress. During the projection period, rising raw material costs are projected to restrict demand for aircraft tires.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Equipment Type, Power Source, Application, and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Bridgestone, Michelin, Goodyear, Dunlop aircraft tire. |
Covid-19 Impact on Aircraft Tire Market
As the COVID-19 pandemic continuing its effect around the world, many defense and aerospace companies are facing its impact during this time around the world. For instance, commercial aviation companies in the U.S., France, Germany, and Canada are facing disruption in the production process and reduced demand as workforces staying at home, passengers stop traveling, and delay in delivery of new aircraft. Analysts expecting a drop from 3,000 to 4,000 aircraft during the pandemic period. On the defense side, contractors operating in the sector are in a better position, hence the impact of the pandemic is likely low in the short to mid-term. However, low demand due to budget constraints affecting the production as in aircraft manufacturing.
Aircraft Tire Market Segment Overview
Based on Application, the Commercial segment held the largest share in the global aircraft tire market and the segment is estimated to maintain its dominant position during the forecast period. The need for aircraft tires is increasing as the frequency of air travel increases, as well as the need to maintain safety precautions. To fulfill safety standards, aircraft tires are changed regularly, which is expected to increase demand for aircraft tires throughout the projected period. Commercial aircraft manufacturers seek to install lightweight tires to improve overall efficiency in the competitive aviation market.
Aircraft Tire Market, By Application
- Commercial
- Wide Body Aircraft
- Very Large Aircraft
- Narrow Body Aircraft
- Regional Transport Aircraft
- Defense
· Radial
· Bias
Aircraft Tire Market Regional Overview
In terms of region, Asia Pacific accounted for a considerable share of the market, and it is expected to remain so during the projection period. India, China, and South Korea are among the many developing economies in the Asia Pacific. The increase in domestic and international flight passengers in this region is due to a rise in disposable income combined with increased commercial activity. As a result, the aircraft tire market is expected to grow during the forecast period. The aircraft tire market in the region is predicted to be propelled by a relaxation of aviation regulations and an increase in the number of low-cost carriers.
Aircraft Tire Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Aircraft Tire Market, Key Players
· Bridgestone
· Michelin
· Goodyear
· Dunlop aircraft tire
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the Aircraft Tire market?
Q2. What are the restraining factors for the Aircraft Tire market?
Q3. Which segment is projected to hold the largest share in the Aircraft Tire Market. ?
Q4. Which region holds the largest share in the Aircraft Tire market?
Q5. Which are the prominent players in the Aircraft Tire Market?
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Aircraft Tire Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Application
- 5.2.1. Commercial
- 5.2.1.1. Wide Body Aircraft
- 5.2.1.2. Very Large Aircraft
- 5.2.1.3. Narrow Body Aircraft
- 5.2.1.4. Regional Transport Aircraft
- 5.2.2. Defense
- 5.2.1. Commercial
- 5.3. Market Analysis, Insights and Forecast – By Product Type
- 5.3.1. Radial
- 5.3.2. Bias
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Aircraft Tire Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Application
- 6.2.1. Commercial
- 6.2.1.1. Wide Body Aircraft
- 6.2.1.2. Very Large Aircraft
- 6.2.1.3. Narrow Body Aircraft
- 6.2.1.4. Regional Transport Aircraft
- 6.2.2. Defense
- 6.2.1. Commercial
- 6.3. Market Analysis, Insights and Forecast – By Product Type
- 6.3.1. Radial
- 6.3.2. Bias
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Aircraft Tire Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Application
- 7.2.1. Commercial
- 7.2.1.1. Wide Body Aircraft
- 7.2.1.2. Very Large Aircraft
- 7.2.1.3. Narrow Body Aircraft
- 7.2.1.4. Regional Transport Aircraft
- 7.2.2. Defense
- 7.2.1. Commercial
- 7.3. Market Analysis, Insights and Forecast – By Product Type
- 7.3.1. Radial
- 7.3.2. Bias
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Aircraft Tire Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Application
- 8.2.1. Commercial
- 8.2.1.1. Wide Body Aircraft
- 8.2.1.2. Very Large Aircraft
- 8.2.1.3. Narrow Body Aircraft
- 8.2.1.4. Regional Transport Aircraft
- 8.2.2. Defense
- 8.2.1. Commercial
- 8.3. Market Analysis, Insights and Forecast – By Product Type
- 8.3.1. Radial
- 8.3.2. Bias
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Aircraft Tire Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Application
- 9.2.1. Commercial
- 9.2.1.1. Wide Body Aircraft
- 9.2.1.2. Very Large Aircraft
- 9.2.1.3. Narrow Body Aircraft
- 9.2.1.4. Regional Transport Aircraft
- 9.2.2. Defense
- 9.2.1. Commercial
- 9.3. Market Analysis, Insights and Forecast – By Product Type
- 9.3.1. Radial
- 9.3.2. Bias
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Bridgestone
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Michelin
- 10.6. Goodyear
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
