As per Intent Market Research, the Aircraft Tires Market was valued at USD 5.7 Billion in 2023 and will surpass USD 8.0 Billion by 2030; growing at a CAGR of 5.0% during 2024 - 2030.
The aircraft tires market is a critical component of the aerospace and aviation industries, as tires are essential for safe and efficient aircraft operations. Aircraft tires must withstand high-speed landings, heavy loads, and extreme weather conditions while offering reliable performance on runways and tarmacs. The global market for aircraft tires is growing due to an increase in air traffic, the expansion of global fleets, and the rise in aircraft utilization, all of which drive the demand for durable and high-performance tires. The market is diverse, covering various tire types, applications, and end-use industries, with radial and bias tires being the primary types used in different aircraft categories.
In this market, the largest and fastest-growing segments are shaped by the continued development of commercial, military, and general aviation aircraft. Additionally, the increasing focus on tire innovation, such as advancements in materials and designs that enhance durability, fuel efficiency, and safety, plays a key role in driving demand for specific tire types and applications. Below, we explore the key segments of the aircraft tires market, highlighting the largest or fastest-growing subsegments.
Radial Aircraft Tires Segment is Largest Owing to Popularity in Commercial Aircraft
The radial aircraft tires segment is the largest in the market, largely due to its widespread use in commercial aircraft. Radial tires are preferred by commercial airlines for their ability to offer superior performance, longer lifespan, and greater fuel efficiency compared to bias tires. These tires are designed with belts running radially from the center of the tire, providing better load distribution, enhanced stability, and improved braking performance, which are critical for large commercial aircraft that often operate on high-traffic runways and experience heavy loads.
The growth of the global commercial aviation sector continues to drive the demand for radial tires, as airlines increasingly focus on maintaining their fleets with advanced technologies that offer cost-effective solutions. Radial tires are particularly favored by commercial aircraft because of their durability, extended wear life, and ability to withstand the frequent takeoffs and landings characteristic of the airline industry. As global air travel continues to expand, radial aircraft tires will remain the dominant choice, bolstering the growth of this subsegment.
General Aviation Aircraft Application is Fastest Growing Owing to Increasing Aircraft Ownership
The general aviation aircraft application is the fastest-growing segment in the aircraft tires market. General aviation includes private, recreational, and business aircraft, and as the number of aircraft owners rises globally, so does the demand for specialized tires that cater to this sector. The growth in business aviation, along with increased interest in recreational flying and flight training, has contributed to a significant uptick in demand for high-quality aircraft tires designed for smaller, lighter aircraft.
As the general aviation market expands, the need for reliable and cost-effective tire solutions grows, driving innovations in tire technology that meet the unique requirements of these aircraft. Tires for general aviation aircraft are designed to handle various conditions, from private airfields to larger commercial airports. The increased investment in general aviation infrastructure and the rising popularity of private air travel are key drivers in the expansion of this subsegment, further contributing to the growth of the aircraft tires market.
Aerospace & Defense End-Use Industry is Largest Owing to Military Aircraft Demands
The aerospace and defense end-use industry is the largest segment in the aircraft tires market, driven primarily by the demand for military aircraft. Military aviation requires highly durable and specialized tires that can withstand challenging conditions such as extreme temperatures, rough terrains, and heavy usage in combat scenarios. These tires need to offer superior performance for aircraft that operate in diverse environments, ranging from military bases to combat zones.
The defense sector’s ongoing focus on aircraft modernization and the development of advanced military aircraft such as fighter jets, cargo planes, and surveillance aircraft is fueling the demand for specialized tires that can provide exceptional safety and performance. Additionally, the growing number of defense contracts and government spending on military aviation equipment ensures that the aerospace and defense sector will remain a key driver for the aircraft tire market. The continuous evolution of defense aviation needs, along with technological advancements in tire materials and designs, will maintain the aerospace & defense industry’s position as the largest end-use segment.
North America Region is Largest Owing to Leading Aerospace Manufacturing and Military Presence
North America is the largest region in the aircraft tires market, owing to its dominance in aerospace manufacturing and military presence. The United States, in particular, is a major hub for both commercial aviation and military aircraft production, with leading manufacturers such as Boeing and Lockheed Martin driving significant demand for high-performance aircraft tires. North America is also home to a large fleet of commercial and military aircraft, all of which require regular tire replacements and maintenance, further driving the market.
In addition to the strong commercial and defense aviation sectors, North America’s focus on technological innovation in aerospace materials, including aircraft tires, positions the region as a key player in the global market. As the region continues to lead in both aircraft production and air travel demand, the North American market will maintain its dominance in the aircraft tires industry.
Competitive Landscape and Leading Companies
The aircraft tires market is highly competitive, with several key players driving innovation and technological advancements. Leading companies in this sector include Michelin, Goodyear Tire & Rubber Company, Bridgestone Corporation, and Continental AG. These companies are known for their advanced tire technologies, including the development of radial and bias tires that offer improved performance, extended durability, and enhanced fuel efficiency.
The competitive landscape is shaped by strategic partnerships between tire manufacturers and aerospace companies, with a focus on research and development to improve tire safety and performance. Companies are also investing in expanding their production capabilities and enhancing their global supply chains to meet the growing demand for aircraft tires. As the aviation sector continues to evolve, these companies are well-positioned to maintain their leadership by offering innovative tire solutions tailored to the diverse needs of commercial, military, and general aviation markets.
Recent Developments:
- Michelin Aircraft Tires launched a new range of ultra-lightweight tires aimed at reducing fuel consumption for commercial airlines, offering better durability and performance in high-speed operations.
- Bridgestone Corporation has expanded its aircraft tire production capacity by investing in a new manufacturing facility in Europe to meet the increasing demand for tires in commercial aviation.
- Goodyear Tire & Rubber Company announced a strategic partnership with a major airline to supply tires for their fleet of wide-body aircraft, marking an extension in its commercial aviation portfolio.
- Dunlop Aircraft Tyres Ltd. secured a multi-year contract with a leading military aviation agency for the supply of durable, high-performance tires for various aircraft models.
List of Leading Companies:
- Aerospace Products International, Inc. (API)
- AeroTire Inc.
- Aviation Tire Service, Inc.
- Bridgestone Corporation
- Continental AG
- Dunlop Aircraft Tyres Ltd.
- Goodyear Tire & Rubber Company
- Hankook Tire & Technology Co., Ltd.
- Michelin Aircraft Tires
- Mitas Tires
- Polymer Group, Inc.
- Retread Technologies
- The Yokohama Rubber Co., Ltd.
- Tire International
- Trelleborg AB
Report Scope:
Report Features |
Description |
Market Size (2023) |
USD 5.7 Billion |
Forecasted Value (2030) |
USD 8.0 Billion |
CAGR (2024 – 2030) |
5.0% |
Base Year for Estimation |
2023 |
Historic Year |
2022 |
Forecast Period |
2024 – 2030 |
Report Coverage |
Market Forecast, Market Dynamics, Competitive Landscape, Recent Developments |
Segments Covered |
Aircraft Tires Market by Type (Radial Aircraft Tires, Bias Aircraft Tires), by Application (Commercial Aircraft, Military Aircraft, General Aviation Aircraft, Cargo Aircraft), by End-Use Industry (Aerospace & Defense, Commercial Aviation, Military Aviation) |
Regional Analysis |
North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Australia, India, and Rest of Asia-Pacific), Latin America (Brazil, Argentina, and Rest of Latin America), Middle East & Africa (Saudi Arabia, UAE, Rest of Middle East & Africa) |
Major Companies |
Aerospace Products International, Inc. (API), AeroTire Inc., Aviation Tire Service, Inc., Bridgestone Corporation, Continental AG, Dunlop Aircraft Tyres Ltd., Hankook Tire & Technology Co., Ltd., Michelin Aircraft Tires, Mitas Tires, Polymer Group, Inc., Retread Technologies, The Yokohama Rubber Co., Ltd., Trelleborg AB |
Customization Scope |
Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements |
1. Introduction |
1.1. Market Definition |
1.2. Scope of the Study |
1.3. Research Assumptions |
1.4. Study Limitations |
2. Research Methodology |
2.1. Research Approach |
2.1.1. Top-Down Method |
2.1.2. Bottom-Up Method |
2.1.3. Factor Impact Analysis |
2.2. Insights & Data Collection Process |
2.2.1. Secondary Research |
2.2.2. Primary Research |
2.3. Data Mining Process |
2.3.1. Data Analysis |
2.3.2. Data Validation and Revalidation |
2.3.3. Data Triangulation |
3. Executive Summary |
3.1. Major Markets & Segments |
3.2. Highest Growing Regions and Respective Countries |
3.3. Impact of Growth Drivers & Inhibitors |
3.4. Regulatory Overview by Country |
4. Aircraft Tires Market, by Type (Market Size & Forecast: USD Million, 2022 – 2030) |
4.1. Radial Aircraft Tires |
4.2. Bias Aircraft Tires |
5. Aircraft Tires Market, by Application (Market Size & Forecast: USD Million, 2022 – 2030) |
5.1. Commercial Aircraft |
5.2. Military Aircraft |
5.3. General Aviation Aircraft |
5.4. Cargo Aircraft |
6. Aircraft Tires Market, by End-Use Industry (Market Size & Forecast: USD Million, 2022 – 2030) |
6.1. Aerospace & Defense |
6.2. Commercial Aviation |
6.3. Military Aviation |
7. Regional Analysis (Market Size & Forecast: USD Million, 2022 – 2030) |
7.1. Regional Overview |
7.2. North America |
7.2.1. Regional Trends & Growth Drivers |
7.2.2. Barriers & Challenges |
7.2.3. Opportunities |
7.2.4. Factor Impact Analysis |
7.2.5. Technology Trends |
7.2.6. North America Aircraft Tires Market, by Type |
7.2.7. North America Aircraft Tires Market, by Application |
7.2.8. North America Aircraft Tires Market, by End-Use Industry |
7.2.9. By Country |
7.2.9.1. US |
7.2.9.1.1. US Aircraft Tires Market, by Type |
7.2.9.1.2. US Aircraft Tires Market, by Application |
7.2.9.1.3. US Aircraft Tires Market, by End-Use Industry |
7.2.9.2. Canada |
7.2.9.3. Mexico |
*Similar segmentation will be provided for each region and country |
7.3. Europe |
7.4. Asia-Pacific |
7.5. Latin America |
7.6. Middle East & Africa |
8. Competitive Landscape |
8.1. Overview of the Key Players |
8.2. Competitive Ecosystem |
8.2.1. Level of Fragmentation |
8.2.2. Market Consolidation |
8.2.3. Product Innovation |
8.3. Company Share Analysis |
8.4. Company Benchmarking Matrix |
8.4.1. Strategic Overview |
8.4.2. Product Innovations |
8.5. Start-up Ecosystem |
8.6. Strategic Competitive Insights/ Customer Imperatives |
8.7. ESG Matrix/ Sustainability Matrix |
8.8. Manufacturing Network |
8.8.1. Locations |
8.8.2. Supply Chain and Logistics |
8.8.3. Product Flexibility/Customization |
8.8.4. Digital Transformation and Connectivity |
8.8.5. Environmental and Regulatory Compliance |
8.9. Technology Readiness Level Matrix |
8.10. Technology Maturity Curve |
8.11. Buying Criteria |
9. Company Profiles |
9.1. Aerospace Products International, Inc. (API) |
9.1.1. Company Overview |
9.1.2. Company Financials |
9.1.3. Product/Service Portfolio |
9.1.4. Recent Developments |
9.1.5. IMR Analysis |
*Similar information will be provided for other companies |
9.2. AeroTire Inc. |
9.3. Aviation Tire Service, Inc. |
9.4. Bridgestone Corporation |
9.5. Continental AG |
9.6. Dunlop Aircraft Tyres Ltd. |
9.7. Goodyear Tire & Rubber Company |
9.8. Hankook Tire & Technology Co., Ltd. |
9.9. Michelin Aircraft Tires |
9.10. Mitas Tires |
9.11. Polymer Group, Inc. |
9.12. Retread Technologies |
9.13. The Yokohama Rubber Co., Ltd. |
9.14. Tire International |
9.15. Trelleborg AB |
10. Appendix |
A comprehensive market research approach was employed to gather and analyze data on the Aircraft Tires Market. In the process, the analysis was also done to analyze the parent market and relevant adjacencies to measure the impact of them on the Aircraft Tires Market. The research methodology encompassed both secondary and primary research techniques, ensuring the accuracy and credibility of the findings.
Secondary Research
Secondary research involved a thorough review of pertinent industry reports, journals, articles, and publications. Additionally, annual reports, press releases, and investor presentations of industry players were scrutinized to gain insights into their market positioning and strategies.
Primary Research
Primary research involved conducting in-depth interviews with industry experts, stakeholders, and market participants across the Aircraft Tires ecosystem. The primary research objectives included:
- Validating findings and assumptions derived from secondary research
- Gathering qualitative and quantitative data on market trends, drivers, and challenges
- Understanding the demand-side dynamics, encompassing end-users, component manufacturers, facility providers, and service providers
- Assessing the supply-side landscape, including technological advancements and recent developments
Market Size Assessment
A combination of top-down and bottom-up approaches was utilized to analyze the overall size of the Aircraft Tires Market. These methods were also employed to assess the size of various subsegments within the market. The market size assessment methodology encompassed the following steps:
- Identification of key industry players and relevant revenues through extensive secondary research
- Determination of the industry's supply chain and market size, in terms of value, through primary and secondary research processes
- Calculation of percentage shares, splits, and breakdowns using secondary sources and verification through primary sources
Data Triangulation
To ensure the accuracy and reliability of the market size, data triangulation was implemented. This involved cross-referencing data from various sources, including demand and supply side factors, market trends, and expert opinions. Additionally, top-down and bottom-up approaches were employed to validate the market size assessment.
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