Aircraft Tires Market worth $1.6 Billion by 2027 at a CAGR of 2.9%

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Aircraft Tires Market worth 1.6 Billion by 2027
at a CAGR of 2.9
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 need for aircraft modernization to
improve operating safety and fuel economy is the
factor propelling the adoption of Aircraft Tires
that will ultimately lower operational costs.
Modern Aircraft Tires systems are factory
installed in new generation aircraft. The
airlines and other end users
are undertaking a fleet to
modernization initiative

• upgrade the older aircraft fleet with modern
  Aircraft Tires systems to match the service
  capabilities of the next generation aircraft.
• Download PDF Brochure _at_
• https//www.marketsandmarkets.com/pdfdownloadNew.a
  sp?id163712012
• Based on the Type, the radial-ply segment of the
  market is projected to dominate market share as
  the demand for lightweight and durable tires
  offering higher fuel- efficiency increases.
  Additionally, to fulfill demand, the major
  airline is increasing the size of their fleet,
  which is equipped with radial-ply tires to
  increase operational efficiency. The development
  of enhanced durable and cut-resistant radial
  tires has driven this market.
• Based on Aircraft Type, the commercial aviation
  segment is projected to dominate market share
  due to the increasing fleet size of narrow-body,
  wide-body and regional transportation aircraft
  on a global level, owing to increasing passenger
  traffic which is anticipated to result in
  increased demand for commercial aircraft, which
  will support the expansion of the aircraft tires
  market. Furthermore, international tourism
  especially after the Covid-19 pandemic will fuel
  the demand for commercial aircrafts, therefore
  increasing the requirement of aircraft tires.
• Based on Platform, the fixed-wing aircraft
  segment of the market dominates market share on
  account of the increasing number of deliveries to
  effectively cater to the rapidly growing
  passenger traffic. The fixed-wing aircraft are a
  popular and optimal choice of aircrafts for
  long-haul flight operations due to their
  capability to cover larger

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distances without refuelling requirements.
Increase in deliveries of fixed-wing aircrafts
will drive the aircraft tires market. Based on
End User, the Retreading segment of aircraft
tires market is set to dominate the major share
for the forecasted period. Lower costs of
manufacturing and ensured airworthiness of
retread tires is driving many commercial airlines
to opt for the retread segment. Retreading also
ensures reduced carbon emissions during the
process which is why it is becoming a popular
choice amongst the players of the aircraft tires
market. Based on Position, the Main Landing Gear
segment is set to witness the highest market
share for the forecasted period owing to
increasing airframe structure and load of the
aircrafts, which calls for increased number of
main landing tires to distribute the load of the
aircraft on the ground. The increase in number of
aircraft deliveries around the globe, especially
wide-body aircrafts which can employ up to 24
main landing tires is set to drive the aircraft
tires market. Based on Region, 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
market for aircraft tires in the commercial and
business aviation sectors in these regions is
expected to benefit from the rising demand for
air travel while the escalation of global
geopolitical rift is driving the race for
superiority in terms of military capabilities,
evident from enhanced defence expenditure and
investments in the modernization of various
defence equipment of countries such as the US.
Additionally, the increased investment in the
RD sector by the major OEMs to develop the
technologically advanced aircraft tires systems
to meet the future aviation industry demand. Ask
for Sample Report _at_ https//www.marketsandmarkets.
com/requestsampleNew.asp?id163712012
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