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Worldwide Aircraft Tire Industry to 2026 - Featuring Aviation Tires, Michelin and Petlas Tire Among Others - ResearchAndMarkets.com

·3 min read

DUBLIN, January 05, 2022--(BUSINESS WIRE)--The "Aircraft Tire Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The global aircraft tire market reached a value of US$ 1.56 Billion in 2020. Looking forward, the publisher expects the market to grow at a CAGR of 4.5% during 2021-2026.

Companies Mentioned

  • Aviation Tires

  • Bridgestone Corporation

  • Desser Tire & Rubber Co.

  • Dunlop Aircraft Tyres Ltd.

  • Goodyear Tire & Rubber Co.

  • Michelin

  • Petlas Tire Corporation

  • Qingdao Sentury Tire Co. Ltd.

  • Specialty Tires of America

  • Wilkerson Company Inc. (Wco) Ltd.

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

An aircraft tire refers to a specialized wheel that is designed to provide stability to the aircraft and withstand heavy loads at high speeds. The tires are manufactured using nylon, steel and natural and artificial rubber and some of the common types of aircraft tires include radial and bias-ply tires. The radial tires consist of perpendicular fiber stands that are fixed at the tire sidewall in the direction of rotation to minimize bidirectional and sidewall flexibility. On the other hand, a bias-ply tire consists of fabric bias that can stretch on the bias and is placed across the direction of rotation and sidewall.

The significant growth in the commercial aviation and defense industries is one of the key factors driving the growth of the market. With the increasing air traffic across the globe, there is a growing need for highly efficient flight safety mechanisms, including tires, to ensure maximum passenger safety. Aeronautical manufactures are emphasizing on producing light-weight aircraft tires that are integrated with improved braking systems, which is providing a boost to the market growth.

Additionally, advancements in tire manufacturing technologies, such as the utilization of next-generation materials, synthetic elastomer rubber and cross-linkable rubber, are acting as another growth-inducing factor. These materials are highly durable and aid in enhancing the overall fuel-efficiency of the aircraft by minimizing the weight of the tire. Other factors, including the growing demand for aircraft for various combat and non-combat operations in the defense sector, along with the increasing government investments in the aviation infrastructure, are projected to drive the market further.

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Aircraft Tire Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakup by Product Type

7 Market Breakup by Platform

8 Market Breakup by Sector

9 Market Breakup by Application

10 Market Breakup by Region

11 SWOT Analysis

12 Value Chain Analysis

13 Porters Five Forces Analysis

14 Price Indicators

15 Competitive Landscape

15.1 Market Structure

15.2 Key Players

15.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/uvh83x

View source version on businesswire.com: https://www.businesswire.com/news/home/20220105005597/en/

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