What is Aerospace Tire Market?
Aircraft tires are manufactured to absorb extremely heavy pressure for a short duration. It works under extreme conditions, carrying up to 340 tons and accelerating at around 250 km/hour at takeoff. Especially the Asia Pacific region is seeing a huge demand for low-cost aircraft carriers. Also, countries including China, South Korea, India, and Indonesia are expected to play a major role in supporting the growth of the regional and global markets of the aerospace tire industry during the forecast period.
|High Growth Market||Asia Pacific|
|Unit||Value (USD Million)|
|Key Companies Profiled||Goodyear (United States), Michelin (France), Dunlop Aircraft Tyres (United Kingdom), Bridgestone (Japan), Mitas (Czechia), Specialty Tires of America Inc. (United States), Qingdao Sentury Tire Co (China), Petlas (Turkey), Dunlop Aircraft Tyres Ltd (United Kingdom) and Desser Tire & Rubber Co (United States)|
The market study is being classified by Type (Radial Ply Tires and Bias Ply Tires (Bias Ply Tires, Tubeless Tyres)), by Application (Commercial Aircraft, Regional Aircraft, General Aviation and Military Aircraft) and major geographies with country level break-up. According to AMA, the Global Aerospace Tire market is expected to see steady growth rate.
Goodyear (United States), Michelin (France), Dunlop Aircraft Tyres (United Kingdom), Bridgestone (Japan), Mitas (Czechia), Specialty Tires of America Inc. (United States), Qingdao Sentury Tire Co (China), Petlas (Turkey), Dunlop Aircraft Tyres Ltd (United Kingdom) and Desser Tire & Rubber Co (United States) are some of the key players profiled in the study.
The landscape is highly competitive in the aerospace tire industry due to the number of players. The players are focusing on investing more in Launching Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Analyst at AMA have segmented the market study of Global Aerospace Tire market by Type, Application and Region. On the basis of Type, Radial Ply Tires are dominating the market in the year 2021 where as Bias Ply Tires stood as second largest market share.
On the basis of geography, the market of Aerospace Tire has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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.
- Growth of Aerospace Industry Fuelled by Exploding Air Travel Industry
- Rising Military Expenditure Worldwide
- Aerospace Industry Showing Robust Recovery and Fast Catching Up to its Pre-Pandemic Demand Levels
- Regulatory Guidelines on the Aerospace Tire Storage
- Increasing Demand for Military Aircrafts in Developed and Developing Economies
- Rising Business Activities coupled with Increasing Disposable Income
- High Cost Associated with the Aerospace Tire
Market Leaders and some development strategies
In 2020, Japan Airlines and Bridgestone Collaborate to help realize greater accuracy in aircraft tire management and maintenance plans by using tire wear prediction technologies. The transaction involves J-AIR, which operates regional routes for the JAL Group out of Osaka International Airport in Japan. The collaboration increased accuracy will reduce wheel and tire inventories and improve the efficiency of aircraft maintenance programs.
Local aviation authority regulations may address limits to tire and tube storage humidity limits. Care should be taken that tires do not come in contact with oil, gasoline, jet fuel, hydraulic fluids, or similar hydrocarbons. Rubber is attacked by these in varying degrees. All tires and tubes should be inspected immediately upon receipt for shipping and handling damage.
Key Target AudienceAerospace Tire Manufacturers, Aerospace Tire Suppliers and Distributors, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Aerospace Tire Market?
"Growth of Aerospace Industry Fuelled by Exploding Air Travel Industry
" is seen as one of major growth factors of Aerospace Tire Market in years to come.
2. Can we have customized study for Aerospace Tire Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global Aerospace Tire Market?
will lead Aerospace Tire Market in coming years.