Global Aircraft Tire Market, By Industry (Commercial Airline Industries, and Defence), By End User (OEM Tires, Replacement Tire, and Retread Tire), and by Geography – Size, Share, Outlook, Opportunity Analysis, 2018-2026

  • To Be Published : Jul 2018 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Aircraft tire is highly engineered and complex parts of the aircraft. The raw materials involved in manufacturing of aircraft tire include steel, cord fabric, natural or artificial rubber, and other chemicals. Aircraft tire have cords, which serve as reinforcing material in the tire that provides dimensional stability, supporting the aircraft weight, as well as keeping the tire in shape on different road conditions. 

One of the major factors affecting growth of the aircraft tire market size is growth in the aviation sector. Aircrafts are prominently used in commercial, industrial, and defence sectors. One the major factors affecting the aircraft market is significant increase in the air passengers.

Increasing number of air passengers is the major driving factor for growth of the aircraft tire market

The recent past has witnessed growth in the airline industry, particularly in the commercial airlines. Increasing globalization and high economic growth has led to rising number of people travelling through aeroplanes. According to World Bank Organization, in 2017, the world GDP was 3.0% up from 2.4% in 2016. In addition to this, declining airline fare also plays a major role in growth of air passengers, globally. According to Bureau of Transportation, in 2016, the average fare of airlines was US$ 370 which witnessed a decline of 5% in 2017 accounting for US$ 352. Moreover, according to International Air Transport Association (IATA), 2017, it is expected that overall 7.8 billion passengers will be travelling in the year 2036, globally, which is almost double of 4 billion passengers flying in year 2017. Hence, this increasing passengers have led to increased demand for new aircrafts, which in turn is expected to fuel growth of the market of airline tire over the forecast period (2018 – 2025).

Growing travel and tourism industry is also one of the major factors for growth in the airline industry. Passengers prefer airways as it more convenient and less time consuming way of travelling. According to the statistics provided by Directorate General of Civil Aviation (DGCA), passengers carried by domestic airlines during January-April 2018 were 45.3 million as against 36.4 million during the corresponding period of previous year 2017, thereby registering a growth of 24.41%. Moreover, the increasingly spending on leisure tourism also plays a major role for the growth of the market. For instance, according to a 2016 report of economic impact by World Travel & Tourism Council, the leisure travel spending in 2015 accounted for 76.6% of the direct travel tourism GDP, globally, whereas, business travel spending accounted for 23.4%, globally. Another application area for aircrafts is transportation. According to IATA, around 35% of the total world trade is carried out by airline transportation in 2015, which accounts for 52.2 million metric tons of goods valued at US$ 5.6 trillion. Hence, airline companies are focusing on expanding their market share through new and advanced airplanes. With rise in the number of aircrafts for various applications, demand for aircraft tire will significantly increase.

Increasing government investment in the defense and commercial aircraft is expected to aid in growth of the market

Government of various countries are focusing on increasing investments in the defense sector such as in air defense equipment and others. According to National Investment Promotion and Facilitation Agency, in India, an increase of 5.3% was reported in the budget for defense in the year 2017-2018, compared to 2016-2015, accounting for around US$ 41 Bn, out of which 22.5% is the estimated investment in the Air Force. As per these stats, India contributes around 3.3% to the global military expenditure. Growth in the Air Force aircrafts is expected to lead to high demand for aircraft tire. Governments of countries are also focusing on increasing investments in civil aviation sector. For instance, according to IBEF, Government of India allocated funds valued at US$ 979.5 million under the Union Budget 2018-2019. The objective is to improve Civil Aviation sector in order to handle growing air traffic. This in turn is expected to aid in growth of the market.

Aircraft Tire Market: Regional Insights

On the basis of geography, the global aircraft tire market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Asia Pacific is expected to exhibit the highest CAGR in the forecast period. Growth in the aviation industry in Asia Pacific is one of the major driving factors for growth of the market. India, China, and Japan are the major growth engines in this region. According to International Air Transport Association, 2015, demand for air transport is expected to be highest in the Asia Pacific region and is predicted to outpace both Europe and North America by 2034. According to the same source, by 2022, China is expected to be the world’s largest aviation market, which will include the traffic to and from China and also passengers traveling within the country. Hence, this increasing aviation market in China is expected to aid in high demand for aircraft tire, in turn driving growth of the aircraft tire market in Asia Pacific.

Aircraft Tire Market: Competitive Insight

Some of the key players operating in the aircraft tire market are Goodyear, Michelin, Bridgestone, and Dunlop Aircraft Tires.

Aircraft Tire Market: Taxonomy

By Industry:

  • Commercial Airline Industries
  • Defense

By End User:

  • OEM Tires
  • Replacement Tire
  • Retread Tire

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East
  • Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Smiley face

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
Smiley face

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Choose License Type

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

[email protected]

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.