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Aircraft Tires Market 2020-2026; Growth Forecast & Industry Share Report

Rising expenditure regarding MRO activities are expected to propel the aircraft tires market in the coming years. While it is noted that commercial air travel has slowed down due to COVID-19 pandemic, the industry is expected to bounce back considerably as soon as the situation is under control. This would further lead to continuation of the air travel passenger number growth trend, thereby leading to market growth.

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Aircraft Tires Market 2020-2026; Growth Forecast & Industry Share Report

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  1. Aircraft Tires Market Share, Trend & Growth Forecast to 2026

  2. KeyInsights Aircraft Tires Market: • Rising expenditure regarding MRO activities are expected to propel the aircraft tires market in the coming years. While it is noted that commercial air travel has slowed down due to COVID-19 pandemic, the industry is expected to bounce back considerably as soon as the situation is under control. This would further lead to continuation of the air travel passenger number growth trend, thereby leading to market growth. • Furthermore, once the spread of COVID-19 is under control, air traffic is expected to pick up significantly across the world, which will lead to substantial market growth in the estimated time period. The number of air passengers carried globally by air transport registered nearly 4 billion in 2018 and will continue to grow in the coming years. These patterns will fuel the need for additional airplanes in the coming years, thereby leading to increase in product demand. • According to a research report by Global Market Insights Inc., aircraft tires market is likely to exceed $3.5 billion through 2026.

  3. Continued… • The radial tires segment is anticipated to grow at 3.9% during the forecast time period because of the growing requirement for extending the tire substitution cycles and demand for lightweight and durable components. Radial tires are built by using fiber strands that are inclined at an angle of 90° in relation to the sidewalls of the tires. • Meanwhile, tube tires segment will hold a minimal share of the total market during the estimated time frame owing to their higher weight as compared to tubeless tires. Tube tires have been used in small and medium airplanes in the past years. But, due to modernization in the tire construction and benefits regarding tubeless products, a shift in the focus of manufacturers is expected in the coming years.

  4. Latest Research Aircraft Tires Market @ https://bit.ly/2Y0ahSq Request for a Sample Copy of This Research Report @ https://bit.ly/2S07kO9

  5. Major Companies Aircraft Tires Market : • Goodyear • Bridgestone • Dunlop Tires • Michelin • Specialty Tires of America • WILKERSON COMPANY INC. • Desser

  6. Regional Aircraft Tires Market : • From a regional perspective, APAC is anticipated to register a substantial growth in the market for aircraft tires owing to the growing investment towards building new aircraft MRO facilities in the region. In addition, the region is also expected to witness increasing penetration of low-cost airliners along with increasing number of air travel passengers.

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