The market is expected to register a CAGR of over 5%, during the forecast period. Aircraft tires are one of the complicated engineered products in the global tire market. They play a critical role in the performance of the aircraft. Aircraft tires require specific requirements of tire fabrics and tire cords as contrary to other automotive tires. Aircraft tires are produced with a number of materials but the basic raw materials include steel, Nylon cord, artificial and natural rubber, and other chemicals. The basic strength of the tire is provided by the casing plies. Casing plies are layers of fabric cord coated with hi-modulus rubber on both sides. However the tread helps to improves traction and grip between the tire tread and runway surface.
Narrow and wide-body jets form the majority of the aircraft fleet. Narrow body jets are the most flexible form of aircraft preferred by the low cost commercial carriers. They are economical, with easy maintenance, shorter turnaround time and provide scale economy for high frequency routes. Wide bodied jet airplanes are mostly deployed on the longest routes. The market is smaller in numbers of aircraft and annual cycles than the narrow bodied market. For the military operation segment, there is a significant demand on aircraft tires. Loads can be substantial and speeds are usually more than 225Mph.
Aircraft Tire manufacturers provide tires to the civil and military segments where they serve Air forces, Naval Forces and Marine Corps with tires regularly. Dunlop Aircraft Tires are certified suppliers to the wide bodied jets like Boeing 767 and 747. According to the tire technology, radial tires would hold a significantly larger market share, especially due to the increased preference of less-weight tires in an aircraft. Radial aircraft tires differ to bias aircraft tires in their technology, where the plies run radially from one bead to the other at approximately at a right angle along the centerline of the tire. Angled belt plies are laid between the tread and the top casing ply, resulting in a flatter tread and adding strength to the tire. Radial tires are also preferred due to their low fuel consumption since they are lighter with fewer components. However, radial tires tend to have fewer retreads than a bias ply tire and exhibit weaker sidewalls. There has been switch to raw materials, like Kevlar in the manufacturing of radial tires, providing a different dimension in the growth of these tire segment in the aircraft industry.
The growth of the market is primarily driven by the demand in the APAC region. The region is expected to incur the highest growth rate in the aircraft tires market during the forecast period. This growth in aircraft tires market can be primarily attributed to rising air traffic in the Asia-Pacific region. The surge in demand for advanced and new aircraft, influenced by numerous factors, such as network expansion by new airlines would foster the demand of aircraft tires. Critical factors, like replacing obsolete wide-bodied aircrafts, rise in passenger traffic, growing demand for fuel efficient aircraft equipmentÕs shown by emerging economies has contributed towards the growth of the aircraft tires market.
Major Players: BRIDGESTONE, CONTINENTAL GROUP, GOODYEAR AIRCRAFT, DUNLOP AIRCRAFT, MICHELIN GROUP, among others.
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Companies Mentioned are -
Aviation Tires & Treads, Bridgestone, Continental, Desser Tire & Rubber, Dunlop Aircraft Tires, Goodyear Aircraft Tires, Michelin Group, MRF Tires, Qingdao Sentury Tire Co, Wilkerson, Yokohama
1.1. Research Methodology
1.2. General Study Assumptions
2. Research Methodology
2.2 Analysis Methodology
2.3 Study Assumptions
3. Executive Summary
4. Market Overview and Technology Trends
4.1 Current Market Scenario
4.2 Technology Trends
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Threat of Substitute Products/Services
4.3.3 Bargaining Power of Suppliers
4.3.4 Bargaining Power of Buyers
4.3.5 Intensity of Competitive Rivalry
5. Market Dynamics
5.1.1 Rise in Aircraft retrofitting
5.1.2 Increasing Low-cost Airline Traffic
5.2.1 Procedural constraints
6. Global Aircraft Tires Market, By Application Type-Narrow, Wide Bodied (Growth, Innovations and Feasibility)
6.1 Commercial Purposes
6.2 Military and Defence Purposes
6.3 General Aviation
7. Global Aircraft Tires Market, By End-user (Growth, Trends, Forecasts)
7.1 Aircraft Manufacturers
8. Global Aircraft Tires Market, By Tire Technology (Growth, Trends, and Durability)
9. Global Aircraft Tires Market, By Geography
9.1 North America (NA)
9.2 Europe (EU)
9.3 Asia-Pacific (APAC)
9.4 Middle East and Africa
9.4.2 South Africa
9.4.3 Saudi Arabia
9.4.5 Rest of the Middle East & Africa
9.5 Latin America
9.5.5 Rest of Latin America
10. Competitive Landscape
10.2 Value Chain Analysis
10.3 Market Share Analysis
10.4 Developments of Key Players
11. Key Vendor Analysis
11.1 Aviation Tires & Treads
11.4 Desser Tire & Rubber.
11.5 Dunlop Aircraft Tires
11.6 Goodyear Aircraft Tires
11.7 Michelin Group
11.8 MRF Tires
11.9 Qingdao Sentury Tire Co.
12. Future And Investment Outlook
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.