Aircraft Tires Market
The Aircraft Tires Market reached a value of US $ 1.41 Bn. in 2020. Global Aircraft Tires Market size is estimated to grow at a CAGR of 5.1%.
Aircraft Tires Market Overview:
The Aircraft Tires Market study gives a comprehensive view of the competition, including the market share and company profiles of the major global competitors. The scope of the research includes a full examination of the Aircraft Tires Market , as well as the reasons for variations in the industry's growth between regions.
Market Scope:Following the completion of market engineering, which included market statistics computations, market size estimations, market forecasts, market breakdown, and data triangulation, extensive primary research was done to gather information and verify and validate important numbers. To undertake market estimating and forecasting for the overall market segments and sub-segments described in this research, top-down and bottom-up tactics, as well as different data triangulation procedures, were often employed throughout the market engineering process. Extensive qualitative and quantitative analysis is performed on all data obtained during the market engineering process in order to provide essential information throughout the report.
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Aircraft Tires Market Segmentation:
Based on the Product type, the Aircraft Tires Market is segmented into Radial and Bias. The Radial segment held the largest market share, accounting for 74.3% in 2020. The lighter weight along with high durability and mobility of radial type tires are increasing their uses in the manufacturing of aircraft. Radial aircraft tires are increasingly being favored over Bias tires as it offers high hardness and a more robust composition. The need for radial tires in the aircraft industry is expected to increase as aircraft fuel prices rise. Radial tires are substantially lighter than bias tires, with the potential to lower aircraft weight by up to 75 kg, resulting in significant fuel savings. These aspects enable companies to improve fuel efficiency, tire life, and passenger comfort, resulting in higher usage of radial tires in the aircraft industry, which in turn fuels the aircraft tires market growth for this segment.
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Aircraft Tires Market Key Players:
Market leaders are identified by primary and secondary research, and market revenue is calculated using primary and secondary research. The core study included in-depth interviews with key thought leaders and industry experts such as experienced front-line personnel, CEOs, and marketing executives. In-depth interviews with important thought leaders and industry experts, such as experienced front-line personnel, CEOs, and marketing executives, were conducted as part of primary research, while secondary research included a review of the major manufacturers' annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and global market breakdowns, which are then verified against primary data.
The biggest players in the Aircraft Tires Market are as follows:
• Michelin Group
• Bridgestone Corporation
• Goodyear Tire Rubber Company
• Dunlop Aircraft Tyres Ltd.
• Qingdao Sentury Tire Co., Ltd
• Desser Tire Rubber Co., LLC
• Guilin Lanyu Aircraft Tire Development Co., Ltd
• Petlas Tire Corporation
• Specialty Tires of America, Inc.
• Sentury Tire
• Wilkerson Company, Inc.
• Aviation Tires Treads, LLC
• Compagnie Générale Des Établissements Michelin Sca
• Tost GmbH Flugzeuggerateba
• Trelleborg AB
• China National Chemical Corp. Ltd.
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Regional Analysis:
Individual market influencing components and changes in market laws impacting current and future market trends are also covered in the Aircraft Tires Market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer footing. The geographical market evaluation is based on the current environment and anticipated trends.
.Key Questions Answered in the Aircraft Tires Market Report are:
- In 2021, which segment owned the greatest share of the Aircraft Tires Market ?
- What is the competitive landscape of the Aircraft Tires Market ?
- What are the key factors influencing Aircraft Tires Market growth?
- In the Aircraft Tires Market , which region has the most market share?
- What will be the CAGR of the Aircraft Tires Market over the forecast period (2022-2027)?
