10:23 AM Aircraft Tire Market to experience an impressive growth of 5.2% during 2020-2025 |
| Aircraft Tire Market Report: Trends, Analysis & Forecast up to 2025. Discover associated growth opportunities, market dynamics, success factors and more. The aircraft tire market is likely to witness a healthy CAGR of 5.2% during the forecast period. There are several factors bolstering the demand for tires in the aircraft industry including increasing production rates of the key commercial aircraft programs in order to support rising passenger air traffic, advancements in the tire technology, and short life of aircraft tires coupled with rising aircraft fleet size. Click here to get a Free Sample of the report (with additional insights): https://www.stratviewresearch.com/Request-Sample/433/Aircraft-Tire-Market.html Aircraft Tire Market Segment Insights: By Product Type: The radial tire segment is expected to witness a higher growth during the forecast period. Innovations in the tire industry to minimize tire weight and to deliver advanced durability and maneuverability are the major factors driving the radial tire segment. These factors help companies to achieve better fuel efficiency, longer life of tires, and a comfortable ride to passengers, leading to a higher adoption of radial tires in the aircraft industry. By Aircraft Type: The commercial aircraft segment will continue to lead the market during the forecast period. Increasing passenger air traffic has led to an increased flight hour, which reduces the maintenance time and is also putting pressure on airlines to increase aircraft fleet. Both, Boeing and Airbus, have a huge pile of order backlogs, which are driving the companies to incessantly increase the production rates of their key aircraft programs and to come up with fuel-efficient variants. By Region: North America currently leads the demand for aircraft tires, owing to the fact that the region is the manufacturing capital of the aircraft industry with the presence of major aircraft OEMs, tier players, tire manufacturers, raw material suppliers, and airlines. The USA is the growth engine of the market, driven by a large base of the commercial aircraft fleet. The country is also having the largest fleet of regional aircraft, military aircraft, and general aviation. Europe, the second largest market, is also estimated to generate a healthy demand for tires in the coming five years, driven by Airbus’ key aircraft programs, such as A320 including the neo variants and A350XWB. Other aircraft segments, such as regional aircraft and helicopters, are also likely to witness healthy growth rates during the same period. Asia-Pacific is likely to depict the highest growth rate during the same period, driven by China, and Japan. Both countries would remain the growth engines of the region’s market for aircraft tires over the next five years, supported by upcoming indigenous commercial and regional aircraft: COMAC C919 and Mitsubishi MRJ; increasing defense budget of China, and an opening of assembly plants of Boeing and Airbus in China. India is currently generating a relatively small opportunity but is likely to be a new growth engine of the region's market in the coming five years. Click below to run through the detailed ToC of the report: https://www.stratviewresearch.com/toc/433/Aircraft-Tire-Market.html Features of the Report This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. Based on the research, a proper report is crafted with the following key features:
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