Aircraft Tire Market is expected to lead by Asia Pacific Region by 2030F
An increasing
number of aircraft in developing countries and development in tire technologies
and material drives the global aircraft tire market through 2028.
According
to TechSci Research report, “Aircraft Tire Market- Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast,
2018-2030F”, Global Aircraft tire demand is rising in developing
countries. Tire for an aircraft is designed to support extremely heavy
loads during take-off, landing, and parking. Manufacturers face a problem in
developing tires that have low-temperature running, heat-resistant materials,
and still, meet tire service requirements. Tire prototypes that imitate
take-off, landing, are put through tests. Only after the tires have completed
all necessary testing and met the requirements established by the aircraft's
manufacturer and the aviation authorities are they made available for
production.
Fuse plugs are another component of aircraft tires;
they melt at a particular temperature. Tires typically overheat if maximum
braking is employed during an emergency landing or failed take-off. The fuses
provide a safer failure mechanism that reduces tire explosions by managing tire
deflation, hence limiting damage to neighbouring objects and aircraft.
The civil aviation tire division of ChemChina is to
establish a new factory with a capacity of 50,000 brand-new aircraft tires and
50,000 retread tires. Bridgestone Corporation and Japan Airlines (JAL)
announced the use of tire wear prediction technologies. The need for technical
integration forces tire producers to spend more money on R&D. As a result,
there are more investments being made in the aircraft tire sector.
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The
government of several countries actively finances and
supports the aviation tire business. The need for military aircraft is also very
high in the defence sector. Additionally, the demand for UAVs and aircraft
carrying armaments is growing. The demand for aircraft from various markets is
the main factor driving the industry. Major companies are investing in
expanding their capacity to produce aircraft tires in order to meet the rising
demand. In response to the rising demand for low-cost air travel, most airlines
are increasing the number of aircraft travel per day, driving the demand for
aircraft tires internationally.
The global aircraft
tire market is segmented by end user, aircraft type, type, distribution channel, region, and competitive landscape. On the
basis of end user, the market is segmented into commercial aircraft, general
aviation aircraft, and military aircraft. The commercial aircraft segment is further divided
into passenger and cargo. The general
aviation aircraft segment is divided into piston, turboprop, business jet. The military
aircraft segment is divided into cargo/bomber, fighter, trainer. Based on the aircraft
type, the market is segmented into fixed wing aircraft and rotary wing
aircraft. Based on type, the market is segmented into radial and bias. Based on
distribution channel it is divided into aftermarket and OEM. The market
analysis also segmented by region among Asia-Pacific, Europe, North America,
South America, Middle East & Africa.
Some of the major companies operating in the global aircraft tire market
include:
- Bridgestone Corporation
- Goodyear Tire and Rubber Company
- Specialty Tires of America Inc.
- Dunlop Aircraft Tyres Limited
- Michelin
- Desser Tire & Rubber Co. LLC
- Wilkerson Company Inc
- Aviation Tires & Treads LLC
- SAIC
- Petlas Tire Corporation
These are the key players
developing advanced technologies and launching new products to stay competitive
in the market. Other competitive strategies include mergers with tech firms,
new product developments, and marketing activities to increase customer outreach.
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“The
global aircraft tire market is majorly driven by increasing air traffic and
increasing investment in research and development of material and design.
Furthermore, the Asia-Pacific region is likely to lead the market as many
developing countries prefer air travel for transportation. Also, it is
anticipated that Asia-Pacific will maintain its lead in the coming years.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
“Aircraft Tire
Market – Global Industry Size, Share, Trends, Opportunity, and Forecast,
2018-2030F Segmented
By End User (Commercial Aircraft
(Passenger, Cargo), General Aviation Aircraft (Piston, Turboprop,
Business Jet), Military Aircraft (Cargo/Bomber, Fighter, Trainer)), By Aircraft
Type (Fixed Wing Aircraft, Rotary Wing Aircraft), By Type (Radial, Bias), By
Distribution Channel (OEM, Aftermarket), By Region,” has evaluated the future growth potential of global aircraft
tire market and provides statistics & information on market size, structure
and future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the global aircraft tire market.
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