The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

 

 

The Business Research Company’s Aircraft Tires Global Market Report 2023 offers crucial insights into the aircraft tires market help businesses analyse and build stronger strategies.

 

 

 

The global aircraft tires market has experienced a robust expansion, witnessing a growth from $1.8 billion in 2022 to $1.89 billion in 2023, with a commendable compound annual growth rate (CAGR) of 5.0%. The journey doesn’t stop here; projections indicate a continued ascent, with the market size anticipated to reach $2.25 billion in 2027, maintaining a steady CAGR of 4.5%.

 

 

In the Skies: Passenger Surge Fuels Market Momentum

• The surge in the number of domestic and international air passengers acts as a significant catalyst for the aircraft tires market.
• The increasing demand for air travel necessitates the production of new aircraft, intensifying the use of aircraft tires.
• Continuous landings per tire to meet growing demands contribute to frequent wear and tear, further driving the market.
• Projections by the International Civil Aviation Organization (ICAO) estimate global airline passengers to reach a staggering 10.5 billion by 2040.
• According to Boeing’s 2020–2039 commercial market outlook, India’s domestic air passenger market is set to double by 2030 from pre-pandemic levels.
• The rising passenger numbers are not just a trend but a robust force propelling the aircraft tires market.

 

 

Titans in Treads: Major Players in the Arena

• The aircraft tires market boasts major players steering its course, including Bridgestone Corporation, Michelin Group, and The Goodyear Tire & Rubber Company.
• These industry leaders play a pivotal role in shaping market dynamics and innovations.
• Their contributions extend to the development of technological advancements, reinforcing their prominence in the competitive landscape.

 

 

Tech Up in the Air: The Rise of Technological Advancements

• Technological advancements emerge as a key trend within the aircraft tires market, showcasing a relentless pursuit of innovation.
• Manufacturers focus on developing tires with extended lifespan, higher resistance, and enhanced efficiency.
• A noteworthy example is Goodyear Tire & Rubber Company’s introduction of TPMS technology for aircraft tug tire manufacturing in May 2021.
• This technology reduces accidents by detecting and mitigating pressure loss or temperature changes, ensuring enhanced safety.
• The marriage of technology and tire manufacturing underscores the industry’s commitment to efficiency and safety.

 

 

Segmentation Snapshot: Unveiling Market Dimensions

• By Product:
  • Radial
  • Bias
• By Platform:
  • Fixed Wing
  • Rotary Wing
• By Application:
  • Wide Body Aircraft
  • Very Large Aircraft
  • Regional Transport Aircraft
  • Narrow Body Aircraft
• By End-user:
  • OEM
  • Retread Tyres
  • Replacement Tyres

 

 

Regional Heights: North America Leads, Asia-Pacific Soars

• In 2022, North America claimed the throne as the largest region in the aircraft tires market, underlining its dominance in the industry.
• The growth narrative takes a turn towards Asia-Pacific, emerging as the fastest-growing market for aircraft tires.
• The regional dynamics signify shifting trends and opportunities, with Asia-Pacific becoming a powerhouse in the aircraft tires market.

 

 

 

Get A Free Sample On The Global Aircraft Tires Market Report:
https://www.thebusinessresearchcompany.com/sample_request?id=5866&type=smp

 

 

 

Read The Full Aircraft Tires Market Report Here:

https://www.thebusinessresearchcompany.com/report/aircraft-tires-global-market-report

 

 

The Aircraft Tires Global Market Report 2023 provides a comprehensive outlook of the aircraft tires market for the historic years (2010 -2021) and ten years forecast (2023 – 2032).The aircraft tires market forecast offers a thorough analysis onaircraft tiresmarket size, aircraft tires market share,prominent players and their strategies.

 

 

 

The Table Of Content For The Aircraft Tires Market Include:
1. Aircraft Tires Market Executive Summary
2. Aircraft Tires Market Segments
3. Aircraft Tires Market Size And Aircraft Tires Market Growth Rate
4. Key Aircraft Tires Market Trends
5. Major Aircraft Tires Market Drivers
……
25. Key Mergers And Acquisitions In The Aircraft Tires Market
26. Top Aircraft Tires Companies
27. Aircraft Tires Market Opportunities And Strategies
28. Aircraft Tires Market, Conclusions And Recommendations
29. Appendix

 

 

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