Aircraft Tires Market Overview
Maximize Market Research has published a report on the global Aircraft Tires market, providing a comprehensive overview of the market, its dynamics, regional insights, and competitive landscape. The report is a valuable resource for investors and key players, providing insights that can be used to make informed decisions about the market.
Market Value :
Aircraft Tires Market reached a value of US $ 1.55 Bn. in 2022. Global Aircraft Tires Market size is estimated to grow at a CAGR of 5.1%.
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Aircraft Tires Market Report Scope and Research Methodology
The Aircraft Tires market report provides a comprehensive assessment of the global market, including insights into the industry’s stakeholders. The report includes detailed information on the Aircraft Tires market’s value, revenue, production, and sales. It clearly shows the historical and current status of the market, as well as the forecasted trends and Aircraft Tires market size.
The report employed several research methodologies to understand consumer behavior, including interviews and surveys. MMR’s report is the result of a multi-method study that included Porter’s, PESTLE, and SWOT analyses, as well as a bottom-up approach to estimating the Aircraft Tires market size. Primary and secondary research methodologies were used to collect the data for the Aircraft Tires market report. These methods were used to shed light on the key financial considerations of Aircraft Tires key players.
Aircraft Tires Market Regional Insights
A detailed analysis of all five regions including North America, Asia Pacific, Europe, Middle East and Africa and South America is provided in the Aircraft Tires market report.
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Segmentation :
by Product type
• Radial
• Bias
The aircraft tire market is divided into two segments based on the kind of product: radial and bias. In 2022, the Radial segment accounted for 74.3% of the market, the highest share. Radial type tires’ increased durability and mobility, combined with their smaller weight, are leading to an increase in their use in aircraft construction. Because they offer greater hardness and a more robust composition, radial aviation tires are becoming more and more popular over bias tires. As aircraft fuel prices rise, the necessity for radial tires in the aviation industry is anticipated to increase. Radial tires have the ability to reduce aircraft weight by up to 75 kg, which can lead to significant fuel savings. They are also far lighter than bias tires. These features allow businesses to increase passenger safety, tire life, and fuel efficiency.
by Aircraft type
• VLA
• NBA
• WBA
• RTA
by Platform
• Fixed
• Rotary Wing
by Application
• Commercial
• Defense
• OEM
The aircraft tire market is divided into three segments: OEM, Commercial, and Defense, based on the application. In 2022, the Commercial category accounted for 61% of the market share, the biggest percentage. There are now more flights per hour due to increased passenger air traffic, which shortens maintenance times and puts pressure on airlines to expand their fleet. Due to their enormous backlogs of orders, Boeing and Airbus are both compelled to keep raising the production rates of their main aircraft programs. The market for airplane tires in this market sector is being driven by these factors.
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Key Players:
• Michelin Group
• Bridgestone Corporation
• Goodyear Tire & Rubber Company
• Dunlop Aircraft Tyres Ltd.
• Qingdao Sentury Tire Co., Ltd
• Desser Tire & Rubber Co., LLC
• Guilin Lanyu Aircraft Tire Development Co., Ltd
• Petlas Tire Corporation
• Specialty Tires of America, Inc.
• Sentury Tire
• Wilkerson Company, Inc.
• Aviation Tires & Treads, LLC
• Compagnie Générale Des Établissements Michelin Sca
• Tost GmbH Flugzeuggerateba
• Trelleborg AB
• China National Chemical Corp. Ltd.
Key Questions answered in the Aircraft Tires Market Report are:
- What is the forecast period of the Aircraft Tires market report?
- What was the Aircraft Tires market size in 2022?
- What is the expected Aircraft Tires market size by 2029?
- What is the expected Aircraft Tires market size by the end of the forecast period?
- Which segment in the Aircraft Tires market is expected to grow rapidly during the forecast period?
- Who are the Aircraft Tires key players in the industry?
- What key trends are expected to emerge in the Aircraft Tires market during the forecast period?
- Which region dominated the global Aircraft Tires market?
- Which regional market is expected to grow at a high rate during the forecast period?
Key Offerings:
- A detailed Market Overview
- Market Share, Size & Forecast by Revenue | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis of segments and sub-segments
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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