1 / 3

Aircraft Tires Market worth $1.6 Billion by 2027 at a CAGR of 2.9%

The Aircraft Tires Market size is projected to grow from USD 1.4 Billion in 2022 to USD 1.6 Billion by 2027, at a CAGR of 2.9% from 2022 to 2027.<br>

sandeeproy
Download Presentation

Aircraft Tires Market worth $1.6 Billion by 2027 at a CAGR of 2.9%

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. AircraftTiresMarketworth$1.6Billion by 2027 at a CAGR of2.9% The Aircraft Tires Marketsize is projected to grow from USD 1.4 Billion in 2022 to USD 1.6 Billion by 2027, at a CAGR of 2.9% from 2022 to 2027. The need for aircraft modernization to improve operating safety and fuel economy is the factor propelling the adoption of Aircraft Tires that will ultimately lower operational costs. Modern Aircraft Tires systemsare factory installed in new generation aircraft. The airlines and other endusers areundertakingafleet to modernization initiative upgrade the older aircraft fleet with modern Aircraft Tires systems to match the service capabilities of the next generationaircraft. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=163712012 Based on the Type, the radial-ply segment of the market is projected to dominate market share as the demand for lightweight and durable tires offering higher fuel- efficiency increases. Additionally, to fulfill demand, the major airline is increasing the size of their fleet, which is equipped with radial-ply tires to increase operational efficiency. The development of enhanced durable and cut-resistant radial tires has driven thismarket. Based on Aircraft Type, the commercial aviation segment is projected to dominate market share due to the increasing fleet size of narrow-body, wide-body and regional transportation aircraft on a global level, owing to increasing passenger traffic which is anticipated to result in increased demand for commercial aircraft, which will support the expansion of the aircraft tires market. Furthermore, international tourism especially after the Covid-19 pandemic will fuel the demand for commercial aircrafts, therefore increasing the requirement of aircrafttires. Based on Platform, the fixed-wing aircraft segment of the market dominates market share on account of the increasing number of deliveries to effectively cater to the rapidly growing passenger traffic. The fixed-wing aircraft are a popular and optimal choiceofaircraftsforlong-haulflightoperationsduetotheircapabilitytocoverlarger

  2. distances without refuelling requirements. Increase in deliveries of fixed-wing aircrafts will drive the aircraft tiresmarket. Based on End User, the Retreading segment of aircraft tires market is set to dominate the major share for the forecasted period. Lower costs of manufacturing and ensured airworthiness of retread tires is driving many commercial airlines to opt for the retread segment. Retreading also ensures reduced carbon emissions during the process which is why it is becoming a popular choice amongst the players of the aircraft tiresmarket. Based on Position, the Main Landing Gear segment is set to witness the highest market share for the forecasted period owing to increasing airframe structure and load of the aircrafts, which calls for increased number of main landing tires to distribute the load of the aircraft on the ground. The increase in number of aircraft deliveries around the globe, especially wide-body aircrafts which can employ up to 24 main landing tires is set to drive the aircraft tiresmarket. Based on Region, North America accounted for the largest market share in 2022, and Asia-Pacific is projected to witness the highest CAGR during the forecast period. The market for aircraft tires in the commercial and business aviation sectors in these regions is expected to benefit from the rising demand for air travel while the escalation of global geopolitical rift is driving the race for superiority in terms of military capabilities, evident from enhanced defence expenditure and investments in the modernization of various defence equipment of countries such as the US. Additionally, the increased investment in the R&D sector by the major OEMs to develop the technologically advanced aircraft tires systems to meet the future aviation industry demand. Ask for Sample Report@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=163712012 AboutMarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

  3. Contact: Mr. Aashish Mehra MarketsandMarkets™INC. 630 DundeeRoad Suite 430 Northbrook, IL60062 USA:1-888-600-6441

More Related