“As per the regulations outlined by Federal Aviation Administration’ (FAA) of the United States. The body’s advisory circular (AC) provides recommended tire care and maintenance practices needed to assure the safety of support personnel and the continued airworthiness of aircraft. Specifically, this AC provides guidance on the installation, inflation, maintenance, and removal of aircraft tires. In addition, this AC provides guidance on those operational practices necessary to maintain safe aircraft operations. This AC is not mandatory and does not constitute a regulation. It is issued for guidance purposes and to outline acceptable tire maintenance and operational practices.”
The article cited AMA's "Global Aircraft Tire Market Study" explored substantial growth of %. According to the report, Rising Focus on Designing Low Weight Aircraft Tire
is one of the primary growth factors for the market. Increasing International Air Traffic Owing To Influx of Air Travelers Led To Rise in Demand of Aircraft Tires
is also expected to contribute significantly to the Aircraft Tire market. Overall, Commercial [Narrow Body Aircraft, Wide Body Aircraft, Very Large Aircraft, Regional Transport Aircraft]
applications of Aircraft Tire, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The By Platform, such as Fixed Wing, is boosting the Aircraft Tire market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The End User, such as OEM Tires, is boosting the Aircraft Tire market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Aircraft Tire market identified that the demand is rising in many different parts of the world as "Increasing Demand for Military Aircraft from Emerging Economies
". Furthermore, some recent industry insights like "In February 2019, Bridgestone an auto and truck parts manufacturer in Japan receives certification from Boeing for its radial tires to be used as the main tires on the 737 MAX 9 a narrow body aircraft series by Boeing Commercial Airplanes (BCA)." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Aircraft Tire market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2022 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Aircraft Tire market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Aircraft Tire market size is calculated using market estimation process, the Aircraft Tire market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Aircraft Tire market size has been validated using both top-down and bottom-up approaches.