Aircraft Tire Market - Trends Forecast Till 2028

Market Overview

A tire in an aircraft is designed and manufactured in such a way that it is able to withstand extremely high loads for short duration of time. The number of tires in an aircraft is characterised by the weight of an aircraft. The pattern and arrangement of the tires is such that it can provide stability to the aircraft in cross wind conditions as well, prevent hydroplaning and also to create braking effect.

The global Aircraft Tire market size is projected to reach USD 2.6 billion by 2026 at a CAGR of 6% from USD 1.42 billion in 2021 during the forecast period 2021-2028.

With the increased demand for aircraft along with the frequent replacement required are some of the factors that have supported long-term expansion for Aircraft Tire Market.

Regional Analysis

Insights are provided for each region and major countries within the regions

Competitive Landscape

Key Players

• Goodyear
• Michelin
• Bridgestone
• Dunlop Aircraft Tires
• Qingdao Sentury Tire Co., Ltd.
• Wilkerson Company, Inc. (Wco)
• Desser Tire & Rubber Co., LLC
• Specialty Tires of America
• Petlas Tire Corporation
• Aviation Tires & Treads, LLC

Recent Developments

• In December 2017, HALCOR METAL WORKS S.A entered into a merger agreement with ELVAL HELLENIC ALUMINIUM INDUSTRY S.A., in order to combine their companies into one operating entity, under the name ELVALHALCOR. The merger's purpose is to synergize and strengthen both their growth prospects in the aluminum market of Europe. This development will enhance the line set market share of Halcor in the European region.
• In February 2019, Daikin completed the acquisition of AHT Group (Austria), a leading company in the commercial refrigeration market in Europe. The acquisition will help Daikin in adding a range of products, services, and solutions based on its air conditioning and refrigeration equipment.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Aircraft Tire market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope