Aircraft Tires Market Analysis

Aircraft Tires Market Analysis

Based on construction, radial tires will hold a market share of 38% in terms of value in 2028. Rising efforts to reduce replacement frequency along with the growing demand to improve the landing cycle will drive the aircraft tires market share over the forecast timeframe.
 

Radial tires comprise fiber strands oriented with and perpendicular to the direction of rotation. Radial tires are costlier than bias-ply tires and have less rolling resistance, hence, the fuel consumption is reduced. These tires are lighter than bias products and are more suitable for aircraft landings.
 

The tubeless tires segment generated a revenue of over USD 2.03 billion in 2021 and expected to reach $2,565.3 million from 2022 to 2028. Tubeless tires are provided with an inner liner to prevent air leakage. These products are lightweight compared to tube-type tires. They are also provided with a pressure relief valve, which actuates when the tire temperature reaches the prescribed limits.
 

The key advantage of using tubeless tires is to eliminate the creep phenomenon, which is mainly responsible for tire busting in the case of excessive rotation of tires over the wheel. These tires are capable of considerably reducing the overall weight of an aircraft owing to the elimination of an inner tube, which will propel the tubeless aircraft tires market value by the end of the forecast timeframe.
 

Based on aircraft, the commercial aircraft will hold a market share of 56% in terms of value in 2028 due to the increasing preference for air travel across emerging economies. The proliferation of low-cost aircraft carriers together with the presence of several airlines has led to an increase in the growth of air passengers across the globe. Since, commercial airplanes have a very short landing cycle, ranging between 250 - 350 per month, and the aircraft tires get serviced frequently on a yearly basis.
 

The Europe aircraft tires market revenue will exceed USD 786.7 million by 2028 owing to the increasing demand for air travel across major countries. Major countries including Germany, the UK, and France have well-established facilities for manufacturing aircraft. The region has also reported an increase in air travel passengers over the past few years. For instance, EASA reported a total number of flights including arrivals & departures, reaching 9.56 million units in 2017 compared to 8.85 million units reported in 2014.