What is Aviation Tires Market?
The global aviation tires market is expected to grow at a significant pace during the forecast period, according to the AMA study. The growing commercial aircraft production & deliveries due to rising passenger traffic, the rising adoption of lightweight tires, and the growing adoption of military UAVs are expected to be some of the major factors aiding into the growth of market.
Highlights from Aviation Tires Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Aviation Tires & Treads, LLC. (United States), Bridgestone Corporation (Japan), Desser Tire & Rubber Co., LLC (United States), Dunlop Aircraft Tyres Ltd. (United Kingdom), MICHELIN (France), Petlas Tire Corporation (Turkey), Qingdao Sentury Tire Co., Ltd. (China), Specialty Tires of America Inc. (United States), The Goodyear Tire & Rubber Company (United States) and Wilkerson Company, Inc. (United States) |
The vendors in this market are majorly focusing on development of new & innovative aviation tires to cater to market's demand to remain competitive in the global market. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Aviation Tires market throughout the forecasted period.
Aviation Tires & Treads, LLC. (United States), Bridgestone Corporation (Japan), Desser Tire & Rubber Co., LLC (United States), Dunlop Aircraft Tyres Ltd. (United Kingdom), MICHELIN (France), Petlas Tire Corporation (Turkey), Qingdao Sentury Tire Co., Ltd. (China), Specialty Tires of America Inc. (United States), The Goodyear Tire & Rubber Company (United States) and Wilkerson Company, Inc. (United States) are some of the key players profiled in the study. Aviation Tires Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Commercial Aircraft, Military, Helicopters, General Aviation and UAVs |
Type | Radial Tires and Bias Tires |
End Users | OEMs,Aftermarket |
Material | Rubber,Nylon,Cord,Steel |
On the basis of geography, the market of Aviation Tires has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Innovations in the Tire Industry to Minimize Tire Weight
Market Growth Drivers:
Rising Commercial Aircraft Production & Deliveries Due to the Growing Worldwide Passenger Traffic, Growing Demand for Lightweight Tires and Rising Adoption of Large Sized Military UAVs
Challenges:
The Outbreak of COVID-19 Leading to Challenges from Aftermarket Customers which is Reducing the Demand for Aviation Tires Due to Cancellation of Numerous Flights Across the World for an Uncertain Period of Time
Restraints:
Requirement of Periodic Maintenance to Ensure Safety and Aircraft Tire Performance
Opportunities:
Expected Deliveries of More than 38,000 Commercial Aircraft Across the World During the Next 20 Years
Market Leaders & Development Strategies
In April 2022, Bridgestone Americas, a global leader in tires and sustainable mobility solutions, partnered with carbon capture and conversion (CCT) company LanzaTech NZ, Inc. (LanzaTech) to dispose of end-of-life tire waste. The two companies will jointly develop the first dedicated end-of-life tire recycling process, leveraging LanzaTech's proprietary CCT technology to create a path toward tire material circularity and decarbonization of new tire production.
In November 2019, Dunlop Aircraft Tires announced that it has planned to build a new manufacturing facility with an investment worth USD 70.9 million for aircraft tire manufacturing in Indonesia.
Regulations Regarding Life-cycle of Materials Used in Aviation Tires