At CAGR of 2.9%, Aircraft Tires Market Size is Anticipated to Gain USD 1.6 Bn by 2027
Chicago, Dec. 05, 2022 (GLOBE NEWSWIRE) — Aircraft Tires Market by Type (Radial-ply and Bias-ply), Aircraft Type (Business and General Aviation, Commercial Aviation, Military Aviation), Platform (Fixed-wing and Rotary-wing aircraft), Position, End-User, and Region – Global Forecast to 2027″, Aerospace Manufacturers are developing enhanced Aircraft Tires that are fuel-efficient and durable. There is the adoption of sustainable Aircraft Tires systems, which are environment friendly and have reduced carbon emissions while providing an optimal tread life.
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Aircraft Tires Market Report Scope:
| Report Metric | Details |
| Market Size Value in 2022 | USD 1.4 Billion |
| Revenue Forecast in 2027 | USD 1.6 Billion |
| Growth Rate | 2.9% |
| Market size available for years | 2018-2027 |
| Base year considered | 2021 |
| Forecast period | 2022-2027 |
| Forecast units | Value (USD Million/USD Billion) |
| Segments covered | By Type, Aircraft Type, Platform, End User, Position and By Region |
| Geographies covered |
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| Companies covered |
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“Browse in-depth TOC on “Aircraft Tires Industry“
237– Tables
43 – Figures
205 – Pages
Michelin
Michelin is a world-leader in aircraft tires and related technologies. The company focuses on strategies such as contracts and new product developments to expand its customer base and product portfolio. The company offers a wide range of Aircraft Tires products that are fuel-efficient and meet the needs of both military and civil aviation. The company has a well-established strong supply chain network across the world.
Bridgestone Corporation
Bridgestone Corporation is another major player in the Aircraft Tires market. It has a strong product portfolio to cater to the needs of the defense & commercial aircraft sector. The company operates through two segments: Tires and Diversified Products. The company has a strong presence in North America. Additionally, it provides auto maintenance services and retread products. Sports equipment, bicycles, financial services, and industrial and chemical products under the Diversified Products category.
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The break-up of profile of primary participants in the Aircraft Tires market:
- By Company Type: Tier 1 – 55%, Tier 2 – 25%, and Tier 3 – 20%
- By Designation: C Level – 50%, Director Level – 25%, Others-25%
- By Region: North America – 60%, Europe – 20%, Asia Pacific – 10%, Middle East – 5%, and Latin America – 5%.
What are some of the technological advancements in the market?
The Aircraft Tires market is being revolutionized by the advent of alternative sources of natural rubber, composite-based tire materials, wireless-sensing technologies, solutions for the Urban Air Mobility sector, development of light-weight and fuel-efficient technologies, that are designed to elevate the level of safety in an aircraft while providing longer tread life.
Prominent companies that provide aircraft tires, private and small enterprises, distributors/suppliers/retailers, and end customers (airlines, air forces, and MROs) are the key stakeholders in the aircraft tires market ecosystem. Investors, funders, academic researchers, distributors, service providers, and defence procurement authorities are the major influencers in the aircraft tires market.
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