Aircraft Tires Market Size, Share & Industry Analysis, By Product (Radial, Bias), By Platform (Fixed Wing, Rotary Wing), By Application (Wide-Body Aircraft, Very Large Aircraft, Regional Transport Aircraft, Narrow Body Aircraft), By End-User (Commercial, Military & Defense) And Regional Forecast 2023-2030

An aircraft tire is an essential body part of every aircraft. The aircraft tires are designed in such as way so that they can be able to endure a heavy load of aircraft during flight take-off and landing. The strong and durable tires do not get easily damaged because of the helpless landing or changing climate conditions. Therefore, tires' durability and material quality should be high to improve the overall survivability of aircraft tires. Moreover, overall design and estimation are fundamental to making aircraft tires. A large portion of the aircraft tires is handcrafted that are made with extraordinary details. Currently, there are different sizes, and material-based tires are available in the market. Also, there are a lot of varieties in these aircraft tires appropriate for different types of aircraft. The tires accompany highlights like sturdiness, dependability, and unprecedented control.

Nowadays, the global aviation market witnesses an increase in air travel demand, which ramps up the production of new aircraft to meet rising demand. This factor is expected to increase the demand for aircraft tires at an impressive speed. In addition, the growing military spending on the procurement of modern military aircraft in developed and developing regions is further driving the aircraft tire demand. The demand for value aircraft tires will additionally push the general market development during the forecast period.

Key Market Driver -

• Growing land per tires trend offers more growth potential for the market. • Growth in air travel demand to aid growth • Rising procurement of modern military Aircraft to drive market growth

Key Market Restraint -

• Stringent government rules in regards to aircraft tires arrangement limits the market development. • Continuous increase in raw material prices.

Market Segmentation:

Based on product, the aircraft market is segmented into radial and bias. The radial aircraft tires are tough and low weight which are well known in the aircraft business. These tires are known for their eco-friendly performance. In the bias segment, the heap limit is excellent in the tires. The tire provides security and high-speed highlights. It is a tire that can get overheat yet can work with no harm. The low-weight and exceptionally sturdy tires are famous in the aircraft business. They are known for their powerful presentation and eco-friendly highlights. By platform, the market is bifurcated into fixed-wing and rotary-wing. Based on application, the market is divided into wide-body aircraft, very large aircraft, regional transport aircraft, and narrow-body aircraft. Based on end-user, the market is classified into commercial aircraft and military & defense aircraft. Based on geography, the market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.

Key Players Covered:

The major companies included in the global aircraft tires market report are Dunlop Aircraft Tyres Ltd (The U.K.), Speciality Tires of America (The U.S.), Bridgestone Corporation (Japan), The Goodyear Tires & Rubber Company (The U.S.), Qingdao Century Tires Co., Ltd (China), Desser Tires & Rubber Co., LLC (The U.S.), Wilkerson Company, Inc (The U.S.), Aviation Tires & Treads, LLC (The U.S.), MICHELIN (France), China National Tire & Rubber Co., Ltd (China) and among others.

Key Insights

• Number of aircraft delivered during 2017-2020


• New aircraft order


• Impact of COVID-19 on aircraft tires market

Regional Analysis:

The global aircraft tires market is divided into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The market in North America held the dominant share in the base year. This large share is accredited to the large aviation industry in the region and the presence of several market players in the U.S., such as Speciality Tires of America, Desser Tires & Rubber Co., LLC, and Aviation Tires & Treads, LLC, among others.

Europe registered the second-largest share in the aircraft tires market due to the booming European aviation sector and the rising air traffic. The airline authorities in Europe are increasing their fleet count and total flight take-off and landings to meet rising air passenger traffic. This factor helps to expand the market size. Moreover, many military and aircraft programs, such as Airbus key aircraft program, boost the production of A320 and A350XWB aircraft on a large scale due to the promising aircraft demand in the European market.

The market in Asia Pacific is anticipated to witness remarkable growth in the airplane tires market during the forecast period. This growth is attributed to the increase in demand for air travel, increasing demand for new aircraft. Furthermore, the increasing military spending on the development and procurement of fighter aircraft by India is propelling the demand for aircraft tires during the forecast period. In 2020, the Indian government enacted USD 72.9 billion for military expenditure.

The army deployment in the middle east and in africa is high. Eventually, the demand for fighter aircraft is increasing in this area, which directly increases the demand for aircraft tires.

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Segmentation

Aircraft Tires Market Industry Developments

• In June 2020, Japan Airlines and Bridgestone Corporation announced that they have collaborated to use  tire wear prediction technologies to help realize greater accuracy in aircraft tire management and maintenance plans.


• In October 2020, The Goodyear Tire & Rubber Company announced to expand their distribution network by adding KADEX Aero Supply as an aviation distributor.