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 share. 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.
An aircraft tire is a specialized, rugged tire designed exclusively for the demanding conditions of aviation. These tires play a crucial role in ensuring safe takeoffs, landings, and taxiing of aircraft. Unlike typical automobile tires, aircraft tires are engineered to handle extreme loads, often supporting aircraft weighing several tons. They are constructed with multiple layers of reinforced materials to withstand high speeds, heavy loads, and the impact forces experienced during landings. Additionally, aircraft tires are inflated to precise pressures, carefully monitored, and replaced at specific intervals to maintain integrity. At present, aircraft tires are gaining immense traction across the globe due to the expanding aviation industry and the need for advanced, high-performance tire technology to ensure safety and efficiency in air travel.
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Aircraft Tire Market Trends and Drivers:
The global aircraft tire market is primarily driven by the increasing air travel and the proliferation of commercial and military fleets that necessitate continuous replacement and maintenance of aircraft tires. Moreover, numerous advancements in tire technology, including the development of innovative materials and tire designs that improve performance and durability, are propelling the market growth. Additionally, the rise of low-cost carriers and regional air travel has escalated the need for aircraft tires. Furthermore, the heightening focus on fuel efficiency in aviation has escalated the demand for advanced lightweight and low-rolling-resistance aircraft tires, thereby 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
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- 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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