Aircraft Tires Market 2020-2026; Growth Forecast & Industry Share Report

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Aircraft Tires Market Share, Trend Growth
Forecast to 2026
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Key Insights Aircraft Tires Market

• Rising expenditure regarding MRO activities are
  expected to propel the aircraft tires market in
  the coming years. While it is noted that
  commercial air travel has slowed down due to
  COVID-19 pandemic, the industry is expected to
  bounce back considerably as soon as the situation
  is under control. This would further lead to
  continuation of the air travel passenger number
  growth trend, thereby leading to market growth.
• Furthermore, once the spread of COVID-19 is under
  control, air traffic is expected to pick up
  significantly across the world, which will lead
  to substantial market growth in the estimated
  time period. The number of air passengers carried
  globally by air transport registered nearly 4
  billion in 2018 and will continue to grow in the
  coming years. These patterns will fuel the need
  for additional airplanes in the coming years,
  thereby leading to increase in product demand.
• According to a research report by Global Market
  Insights Inc., aircraft tires market is likely to
  exceed 3.5 billion through 2026.

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Continued

• The radial tires segment is anticipated to grow
  at 3.9 during the forecast time period because
  of the growing requirement for extending the tire
  substitution cycles and demand for lightweight
  and durable components. Radial tires are built by
  using fiber strands that are inclined at an angle
  of 90 in relation to the sidewalls of the tires.
  
• Meanwhile, tube tires segment will hold a minimal
  share of the total market during the estimated
  time frame owing to their higher weight as
  compared to tubeless tires. Tube tires have been
  used in small and medium airplanes in the past
  years. But, due to modernization in the tire
  construction and benefits regarding tubeless
  products, a shift in the focus of manufacturers
  is expected in the coming years.

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Major Companies Aircraft Tires Market

• Goodyear
• Bridgestone
• Dunlop Tires
• Michelin
• Specialty Tires of America
• WILKERSON COMPANY INC.
• Desser

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Regional Aircraft Tires Market

• From a regional perspective, APAC is anticipated
  to register a substantial growth in the market
  for aircraft tires owing to the growing
  investment towards building new aircraft MRO
  facilities in the region. In addition, the region
  is also expected to witness increasing
  penetration of low-cost airliners along with
  increasing number of air travel passengers.

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