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How has the aircraft tires market grown in recent years?

The size of the aircraft tires market has seen robust growth in the recent past. The market value is anticipated to rise from $1.96 billion in 2024 to $2.05 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.0%. The growth during the historical period is due to factors such as aircraft fleet expansion, increased global air travel, monitoring of runway conditions, modernization of the military, and the development of smart tires.

How is the aircraft tires market size expected to evolve during the forecast period?

In the coming years, the aircraft tires market is projected to experience robust expansion. The market value is forecasted to reach $2.59 billion by 2029, registering a compound annual growth rate (CAGR) of 6.0%. This anticipated growth can be ascribed to factors such as the innovation in tire materials, changes in aircraft designs, the rise of urban air mobility (uam), advancements in sustainable aviation, and the emergence of space tourism and exploration. The forecasted period will also see major trends such as technological progresses, advanced composite materials development, high-speed landing gear, tire tread design evolution and noise minimising tires.

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Which key drivers are propelling the aircraft tires market’s growth?

The aircraft tires market is being stimulated by the increasing volumes of both domestic and international air passengers. This surge in air travellers necessitates the manufacture of additional aircraft to cater to this demand, leading to an increased need for aircraft tires. The frequent replacement of tires resulting from continuous landings also contributes to driving this market upwards. For example, forecasts from the International Civil Aviation Organization (ICAO) project the worldwide airline passenger count to rise to 10.5 billion by 2040. Similarly, projections from Boeing’s 2020-2039 commercial market outlook anticipate that India’s internal air passenger market will be twice the size it was before the pandemic by 2030. Therefore, the escalating figures of both domestic and international air passengers fuel the expansion of the aircraft tires market.

What are the market segments in the aircraft tires industry?

The aircraft tires market covered in this report is segmented –

1) By Product: Radial, Bias

2) By Platform: Fixed Wing, Rotary Wing

3) By Application: Wide Body Aircraft, Very Large Aircraft, Regional Transport Aircraft, Narrow Body Aircraft

4) By End-user: OEM, Retread Tires, Replacement Tires

Subsegments:

1) By Radial Tires: Radial Aircraft Tires for Commercial Jets, Radial Aircraft Tires for Military Aircraft, Radial Aircraft Tires for General Aviation

2) By Bias Tires: Bias Aircraft Tires for Commercial Jets, Bias Aircraft Tires for Military Aircraft, Bias Aircraft Tires for General Aviation

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Which leading companies are shaping the growth of the aircraft tires market?

Major companies operating in the aircraft tires market include Bridgestone Corporation, Michelin Group, The Goodyear Tire & Rubber Company, Dunlop Aircraft Tyres Ltd., Qingdao Sentury Tire Co. Ltd., Wilkerson Company Inc., Desser Tire & Rubber Co. LLC, Specialty Tires of America, Petlas Tire Corporation, Aviation Tires & Treads LLC, Trelleborg AB, China National Tire & Rubber Co., Tost GmbH Flugzeuggeratebau, Compagnie Generale Des Etablissements Michelin, Polymer Enterprises Inc., Maxam Tire North America Inc., Stomil-Poznan SA, Airframes Alaska Co., Condor Flugdienst GmbH, Aero Tyre Trading FZC, Michelin Aircraft Tire Company, Techking Tires Limited, Nokian Tyres plc, Titan International Inc., Jenoptik AG

What key trends are currently impacting the aircraft tires market’s development?

In the aircraft tires market, the adoption of technological advances has become a prominent trend. Manufacturers in this arena are zeroing in on creating tires that boast increased life span, superior resistance, and enhanced efficiency. For example, in December 2023, the Changchun Institute of Applied Chemistry of the Chinese Academy of Sciences, an aviation tire science center based in China, introduced a bionic synthetic rubber aviation tire. This novel bionic synthetic rubber tire offers a service life that is over 35% longer than conventional aviation tires composed of natural rubber, particularly in extreme operational conditions. This technology emulates the molecular composition and crucial chemical elements of natural rubber, ensuring superior performance attributes and sustained sustainability.

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Which geographic areas are influencing the growth of the aircraft tires market?

North America was the largest region in the aircraft tires market in 2024. Asia-Pacific was the fastest growing market in aircraft tires market. The regions covered in the aircraft tires market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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