Bharat Book Bureau Provides the Trending Market Research Report on “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”under Defence Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence and Market reports.
The Aircraft Tires Market size is projected to grow from USD 1.4 Billion in 2022 to USD 1.6 Billion by 2027, at a CAGR of 2.9% from 2022 to 2027. The demand for the installation of lightweight, fuel-efficient tires inside of aircrafts, which would result in weight savings and lower operating and maintenance costs for end users, is what propels the adoption of advanced aircraft tires.
The
Radial Ply Tires segment is projected to dominate market share in the system
segment during the forecast period
Based
on type, the radial ply tires segment is projected to dominate market share
during the forecast period. The market is further segmented into radial ply and
bias ply tires. Improved traction and cut-resistance properties, overall
fuel-efficiency with lower carbon emission, and better technical and design
advancements in terms of light weight and durability are the elements that fuel
the market growth of radial ply tires.
The
Commercial Aviation segment projected to lead Aircraft Tires market during
the forecast period
Based
on Platform, the commercial aviation segment is projected to lead the Aircraft
Tires market during the forecast period. Increase in the demand from airlines
for commercial aircraft in order to satisfy the demand for the air traffic will
influence the market.
The
Fixed-wing segment projected to lead Aircraft Tires market
during forecast period
Based
on Platform, the fixed-wing segment is projected to lead the aircraft tires
market during the forecast period. A growth in intercontinental and long-haul
flight operations will spur demand for fixed-wing aircraft deliveries and,
consequently, influence the aircraft tires industry.
Retreading
segment is expected to account for the largest share in 2022
Based
on End User, the retreading segment is projected to lead the aircraft tires
market during the forecast period. The demand for this segment is being driven
by the less expensive and more environmentally friendly replacement for new
tires. Rethreads also give customers financial advantages owing to lower cost
per mile and environmental advantages due to large raw material reductions,
which will support market expansion.
Main
Landing Gear segment is expected to account for the
largest share in 2022
Based
on Position, the main landing gear segment is projected to lead the aircraft
tires market during the forecast period. The main landing gear tires are more
load- and pressure-rated to endure rough terrain. Additionally, the market
growth of the main landing gear tires is influenced by the increase in demand
for narrow and wide body aircrafts, which typically deploy 4 to 20 tires for
the main landing gears.
North
America is expected to account for the largest share in 2022
The
Aircraft Tires market industry has been studied for North America, Europe, Asia
Pacific, Middle East & Africa, and Latin America. North America accounted
for the largest market share in 2022, and Asia Pacific is projected to witness
the highest CAGR during the forecast period. The increasing need for air travel
in the area is expected to increase demand for commercial and general aviation.
Major airlines will expand their fleet size to satisfy demand, which will have
an impact on the region's market for airplane tires.
Major players operating in the Aircraft Tires market include Michelin (France), Goodyear Tire and Rubber Company (US), Bridgestone Corporation (Japan), Dunlop Aircraft Tyres Ltd. (UK), and Qingdao Sentury Tires Company Limited (China).
Research Coverage:
The
report segments the aircraft tires market based on Type, Aircraft Type,
Platform, End User, Position, and Region. Based on Type, the market is
segmented into Radial, Bias. Based on Aircraft Type, the Aircraft Tires market
is segmented into commercial aviation, business & general aviation and
military aviation. Based on Platform, the market is segmented into Fixed wing
and Rotary Wing. Based on End User, the market is segmented into OEM,
Retreading, Replacement. Based on Position, the market is segmented into Main
Gear & Nose. The Aircraft Tires market has been studied for North America,
Europe, Asia Pacific, Middle East & Africa, and Latin America. The scope of
the report covers detailed information regarding the major factors, such as
drivers, restraints, challenges, and opportunities, influencing the growth of
the aircraft tires market. A detailed analysis of the key industry players has
been done to provide insights into their business overviews; solutions and
services; key strategies; Contracts, partnerships, agreements new product &
service launches, mergers, and acquisitions; and recent developments associated
with the aircraft tires market. Competitive analysis of upcoming startups in
the aircraft tires market ecosystem is covered in this report.
Browse our full report with Table of Content : https://www.bharatbook.com/report/1377859/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
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