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Aircraft Tire Market to increase by USD 323.52 million during 2023-2028, Rising demand for landing gear retrofitting to drive the growth - Technavio


NEW YORK, Dec. 8, 2023 /PRNewswire/ -- The aircraft tire market size is expected to grow by USD 323.52 million between 2023 and 2028. However, the growth momentum of the market will progress at a CAGR of 4.07% during the forecast period. The market is segmented by Type (Radial tire and Bias tire), Distribution Channel (Aftermarket and OEM), and Geography (North America, Europe, APAC, Middle East and Africa, and South America).

The rising demand for landing gear retrofitting drives market growth. Furthermore, the primary tire components of landing gear, include tires and braking systems. Strenuous use of these gears requires them to be maintained, upgraded, and retrofitted if necessary. Additionally, various aerospace component manufacturers are forming collaborations to develop superior aircraft components. The report analyses the market size and growth and provides accurate predictions on the growth of the market. View a Free PDF Sample 

Key Highlights:

Market Dynamics:

Trend

Challenge

The report also covers information on upcoming trends and challenges. Explore detailed information by purchasing the report

Keg Segments:

The radial tire segment is significant during the forecast period. Airbus and Boeing, use radial tires for most of their newer-generation aircraft and are some of the prominent aircraft OEMs. Radial tires are lightweight, offer superior wear resistance capacity, and can accommodate extra loads. Get a glance at the market contribution of the segments, Request a Sample.

Related Reports:

The fighter aircraft market size is estimated to grow at a CAGR of 6.4% between 2022 and 2027. The fighter aircraft market size is forecast to increase by USD 17,696.67 million.

The aircraft evacuation systems market size is expected to increase by USD 821.11 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.36%.

Aircraft Tire Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 4.07%

Market growth 2024-2028

USD 323.52 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

3.74

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

APAC at 36%

Key countries

US, China, Japan, France, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Bridgestone Corp., China National Chemical Corp. Ltd., Desser Holdings LLC, Dunlop Aircraft Tyres Ltd., Hankook Tire and Technology Co. Ltd., Hey Machinery Company Inc., Michelin Group, Petlas Tire Industry and Trade, Qingdao Sentury Tire Co. Ltd., Specialty Tires of America Inc., The Goodyear Tire and Rubber Co., Tost GmbH Flugzeuggeratebau, Trelleborg AB, Yokohama Rubber Co. Ltd., Aviation Tires and Treads LLC, and WILKERSON CO INC.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

ToC:

Excustive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by WRITERS

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio


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