Aircraft tires are computer-designed,
sophisticated, and multi-component products, which are produced using various
materials such as steel, rubber, fabric, and chemicals. They are designed to
carry heavy loads at high speeds in the smallest & lightest configuration
possible. Proper selection & maintenance of tires significantly increase
the safety & performance of an aircraft. Aircraft tire tread pattern is
designed to enable stability in high crosswind conditions to expand traction
and grip and channel water away to prevent hydroplaning. The normal life span
of the commercial aircraft tires is around 250 and 300 landings, whereas for
military fighter plane tires is between 20 and 50 landings.
According to study, “Aircraft
Tire Market Information Report by Product Type (Bias Ply, Radial Ply),
By Aircraft Type (Commercial Aircraft, Military Aircraft, Business &
General Aviation Aircraft), By End-User (Aftermarket, OEM) and by Region -
Global Forecast to 2023” the key companies operating in the aircraft tire market
are Dunlop Aircraft Tyres Ltd., Bridgestone Corporation, Wilkerson Company
Inc., Desser Tire & Rubber Co. LLC, Petlas Tire Corp., Qingdao Sentury Tire
Co. Ltd., The Goodyear Tire & Rubber Company, Aviation Tires & Treads
LLC, Specialty Tires of America, Inc., Michelin, Desser Tire & Rubber Co.
Based on product type, aircraft tire market is
segmented into radial type and bias type. The radial segment dominates the
market owing to growth in innovations in the tire industry to deliver advanced
durability & maneuverability and to minimize tire weight. Based on tire
assembly, market is segmented into tubed tires and tubeless tires. Based on
tire tread, market is segmented into retreated tires and new treaded tires.
Based on aircraft platform type, market is segmented into rotary wing aircrafts
and fixed wing aircrafts. Based on distribution channels, market is segmented
into Maintenance, Repair, and Overhaul (MRO) and Original Equipment
Manufacturers (OEMs). In addition, based on application, market is segmented
into military aviation and commercial aviation. Commercial aviation segment
includes wide body aircraft, narrow body aircraft, very large aircraft and
regional transport aircraft.
The aircraft tire market is driven by frequent
wear & tear of tires, followed by increase in demand for new aircraft and
rise in developments in tire manufacturing. However, high cost of aviation
tires and limited number of manufacturers may impact the market. Moreover, high
growth in emerging markets and rise in scope for new airlines & tire
manufacturers in Asia are key opportunities for market.
Based on geography, the North-American region
holds major share, followed by European region in aircraft tire market owing to
presence of major aircraft OEMs, tire manufacturers, tier players, raw material
suppliers, and airlines in the region. The Asian-Pacific region is predicted to
witness considerable growth rate due to increase in number of domestic &
international air passengers and rise in disposable income coupled with growth in
business activities over the forecast period. In upcoming year, it is expected
that future of the market will be bright on account of surge in number of
budget airlines and relaxation in regulation in the aviation industry during
the forecast period. The market is probable to reach the value of US $1,525.6
million by the end of 2023 by growing at a CAGR of 4.29% during the forecast
period (2018-2023).
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