Aircraft Tire Market Size, Share, Trends | Forecast 2028

According to IMARC Group’s latest report, titled “Aircraft Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The global aircraft tire market size reached US$ 2.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.43% during 2023-2028.

An aircraft tire is an essential component that supports the weight of an aircraft and provides the necessary friction for braking and stopping. It is made using steel, fabric, and rubber that can carry heavy loads at high speeds in different operating conditions. It also offers high electrical conductivity to protect the electronic component of the aircraft from damage, which is caused by friction during takeoff and landing.

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Market Trends

At present, the growing global population and inflating disposable incomes of individuals are resulting in the increasing adoption of aircraft for traveling. This represents one of the key factors positively influencing the market. In line with this, governments of various countries are extensively investing in defense machinery to upgrade their military fleet. This, in confluence with rising geopolitical tensions, is propelling the market growth across the globe. Aircraft operators are focusing on various preventive measures to facilitate minimum turbulence in aircraft during takeoff and landing. As a result, they are incorporating tires that can withstand various stress factors, such as centrifugal force, traction wave, tension, and temperature, which is creating a favorable market outlook. Furthermore, an increasing focus on industrial automation to streamline manufacturing processes and lower manufacturing costs by incorporating computer-aided designs and analysis is stimulating the growth of the market growth.

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The report has segmented the market on the basis of product type, platform, sector, application and geography.

Breakup by Product Type:

• Radial
• Bias

Breakup by Platform:

• Fixed Wing
• Rotary Wing

Breakup by Sector:

• OEM
• Replacement

Breakup by Application:

• Commercial Aircraft
• Narrow Body Aircraft
• Wide Body Aircraft
• Very Large Aircraft
• Regional Transport Aircraft
• Non-Commercial Aircraft

Breakup by Geography:

• North America (U.S. & Canada)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
• Latin America (Brazil, Mexico)
• Middle East & Africa

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