Discover trends, market shifts, and competitive outlooks for the aircraft tires industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

#What Are the Key Projections for the CAGR of the Aircraft Tires Market Size From 2025 to 2034?

In recent years, the size of the aircraft tires market has significantly expanded. The $1.96 billion market in 2024 is forecasted to increase to $2.05 billion in 2025, with a compound annual growth rate (CAGR) of 5.0%. The historical growth can be associated with factors like the expansion of the aircraft fleet, rise in global air travel, runway condition monitoring, military modernization, and the emergence of smart tires.

Expectations are high for the aircraft tires market to experience significant expansion in the coming years. The market is anticipated to reach $2.59 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.0%. The surge during the forecast period is credited to factors such as novel tire materials, emerging aircraft designs, urban air mobility (UAM), eco-friendly aviation, and the burgeoning interest in space tourism and exploration. The forecast period also observes major advancements in technology, advanced composite materials, high-speed landing gears, updated tire tread designs, and tires designed to reduce noise.

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What Are the Core Market Drivers Propelling Growth in the Aircraft Tires Industry?

The burgeoning count of both domestic and international air voyagers contributes to the expansion of the aircraft tires industry. With the surge in air passengers, both domestically and internationally, there is a heightened need for new aircraft production to cater to this demand. This raises the consumption of aircraft tires and also the recurrent wear and tear due to the ceaseless landings, which in turn propels the market. For example, the International Civil Aviation Organization (ICAO) anticipates the global tally of airline passengers to touch 10.5 billion by 2040. Additionally, Boeing’s commercial market outlook for 2020-2039 predicts a twofold increase in India’s domestic air passenger market by 2030 compared to the levels before the pandemic. The increased count of domestic and international air passengers therefore acts as a stimulant for the aircraft tires market.

How Is the Aircraft Tires Market Segmented?

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 Regions Are Driving the Next Phase of the Aircraft Tires Market Growth?

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.

What Key Market Trends and Innovations Are Shaping the Future of the Aircraft Tires Industry?

One significant trend gaining traction in the aircraft tires market is the advancement in technology. To create more efficient tires with greater resistance and extended lifespan, aircraft tire producers are heavily concentrating on innovation. For instance, in December 2023, the Changchun Institute of Applied Chemistry of the Chinese Academy of Sciences, an aviation tire science centre in China, introduced bionic synthetic rubber aviation tire. Compared to the traditional aviation tires made from natural rubber, these new bionic synthetic rubber tires offer over 35% improved service life, especially under extreme operational conditions. The technology is based on replicating the key chemical components and molecular structure of natural rubber, which results in enhanced performance but at the same time ensures sustainability.

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How Is the Aircraft Tires Market Defined and What Are Its Core Parameters?

Aircraft tire refers to a rubber ring that is fitted over a road vehicle’s wheel rim to increase traction, lessen road shocks, and support the weight of the aircraft while it is on the ground. It also provides the traction needed for braking and stopping. Aircraft tires are generally made of rubber and are an essential and main body part for every aircraft.

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