Aircraft Tire Market: Size, Share, Trends & Forecast (2024-2029) 

The market report offers a detailed analysis segmented by Type (Radial, Bias); by Supplier (OEM, Aftermarket); by End User (Commercial Aviation, Military Aviation, General Aviation); by Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa).

Outlook 

• The aircraft tire market is estimated to be at USD 2,323.51 Mn in 2024 and is anticipated to reach USD 2,843.52 Mn in 2029. 

• The aircraft tire market is registering a CAGR of 4.12% during the forecast period 2024-2029. 

• The global aircraft tire market is projected to witness steady growth, driven by increasing air travel, airline fleets’ expansion, and tire technology advancements. Aircraft tires are crucial for the safe landing and takeoff of aircraft, and their demand is rising alongside the growth in commercial aviation. 

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Ecosystem

• The participants in the global aircraft tire industry are always developing their strategies to preserve a competitive advantage. 

• These companies offer a wide range of radial and bias-ply tires, carbon-nanotube-infused tires, are cost-effective, and continue to innovate, offering new products and sustainable solutions to meet evolving market needs. 

• Several important entities in the aircraft tire market include Bridgestone Corp.; The Goodyear Tire & Rubber Co.; Specialty Tires of America, Inc.; Michelin; Dunlop Aircraft Tyres Ltd.; and others. 

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Findings 

Attributes	Values
Historical Period	2018-2022
Base Year	2023
Forecast Period	2024-2029
Market Size (2024)	USD 2,323.51 Mn
Market Size (2029)	USD 2,843.52 Mn
Growth Rate	4.12% CAGR from 2024 to 2029
Key Segments	Type (Radial, Bias); Supplier (OEM, Aftermarket); End User (Commercial Aviation, Military Aviation, General Aviation); Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa)
Key Vendors	Bridgestone Corp.; The Goodyear Tire & Rubber Co.; Specialty Tires of America, Inc.; Michelin; Dunlop Aircraft Tyres Ltd.
Key Countries	The US; Canada; Mexico; Brazil; Argentina; Colombia; Chile; China; India; Japan; South Korea; The UK; Germany; Italy; France; Spain; Turkey; UAE; Saudi Arabia; Egypt; South Africa
Largest Market	North America

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Trends  

• Integration of Smart Tire Technology: Smart tire technology, including sensors for real-time tire monitoring, is becoming more prevalent in the aircraft industry. In 2023, Dunlop Aircraft Tyres collaborated with technology companies to develop smart tires with embedded sensors. These tires allowed airlines to monitor tire pressure and temperature in real-time, improving safety and maintenance efficiency. 

• Shift Towards Radial Tires: The industry is witnessing a shift from bias-ply to radial tires, offering better performance, durability, and fuel efficiency. Radial tires are increasingly being adopted in commercial and military aircraft. 

• Increased Focus on Sustainable Manufacturing: Sustainability is gaining importance in the aircraft tire market, with manufacturers focusing on eco-friendly materials and reducing carbon emissions in production. In 2022, Michelin introduced a line of eco-friendly aircraft tires that incorporate recycled materials, helping airlines meet their environmental goals. 

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Catalysts 

• Growth in Global Air Traffic: The rapid expansion of air travel, particularly in burgeoning markets such as Asia-Pacific and the Middle East, is significantly boosting the demand for new aircraft and replacement tires. Increased passenger volumes, the expansion of airline fleets, and the rising frequency of flights drive this surge. 

• Increased Aircraft Deliveries: Growing airline fleets and the replacement of aging aircraft are significant market drivers. In 2023, Boeing and Airbus reported a record number of aircraft deliveries, with airlines across the globe investing in new, fuel-efficient planes, leading to an increase in demand for durable, long-lasting tires. 

• Governments Military Modernization Programs: Governments worldwide are investing in modernizing their military fleets, contributing to the growth of the aircraft tire market. In 2022, the U.S. Department of Defense announced a USD 6 billion military aircraft procurement program, including advanced tire technologies, reflecting the sector’s demand for high-performance military-grade tires. 

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Restraints 

• High Cost of Manufacturing: The aircraft tire manufacturing process is highly specialized, requiring advanced materials and technology. This results in higher production costs compared to automotive tires. The increasing cost of raw materials like natural rubber and synthetic compounds has further raised prices. 

• Stringent Safety and Regulatory Requirements: Aircraft tires must comply with strict safety regulations, making the approval process lengthy and expensive. Manufacturers must meet various certifications, such as FAA (Federal Aviation Administration) and EASA (European Union Aviation Safety Agency) standards, which can delay product launches. In 2023, regulatory approval for new radial tire designs was postponed due to additional safety testing requirements. 

• Volatility in Raw Material Prices: The fluctuating prices of raw materials such as rubber, carbon black, and nylon pose a significant challenge for manufacturers, impacting production costs and profit margins. The changing costs of raw materials can make it hard to predict the price of finished products, complicating budgeting and financial planning. 

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Table of Contents 

1.       Introduction         1.1.    Research Methodology         1.2.    Scope of the Study  2.       Market Overview / Executive Summary         2.1.    Global Aircraft Tire Market (2018 – 2022)         2.2.    Global Aircraft Tire Market (2023 – 2029)  3.       Market Segmentation         3.1.    Global Aircraft Tire Market by Type                3.1.1.    Radial                3.1.2.    Bias         3.2.    Global Aircraft Tire Market by Supplier                3.2.1.    OEM                3.2.2.    Aftermarket         3.3.    Global Aircraft Tire Market by End User                3.3.1.    Commercial Aviation                3.3.2.    Military Aviation                3.3.3.    General Aviation  4.       Regional Segmentation         4.1.    North America                4.1.1.    The US                4.1.2.    Canada                4.1.3.    Mexico         4.2.    South America                4.2.1.    Brazil                4.2.2.    Argentina                4.2.3.    Colombia                4.2.4.    Chile                4.2.5.    Rest of South America         4.3.    Asia Pacific                4.3.1.    China                4.3.2.    India                4.3.3.    Japan                4.3.4.    South Korea                4.3.5.    Rest of Asia Pacific         4.4.    Europe                4.4.1.    The UK                 4.4.2.    Germany                4.4.3.    Italy                4.4.4.    France                4.4.5.    Spain                4.4.6.    Rest of Europe         4.5.    The Middle East                4.5.1.    Turkey                4.5.2.    UAE                4.5.3.    Saudi Arabia                4.5.4.    Rest of the Middle East         4.6.    Africa                4.6.1.    Egypt                4.6.2.    South Africa                4.6.3.    Rest of Africa  5.       Value Chain Analysis of the Global Aircraft Tire Market  6.       Porter Five Forces Analysis         6.1.    Threats of New Entrants         6.2.    Threats of Substitutes         6.3.    Bargaining Power of Buyers         6.4.    Bargaining Power of Suppliers         6.5.    Competition in the Industry  7.       Trends, Drivers and Challenges Analysis         7.1.    Market Trends         7.1.1.    Market Trend 1         7.1.2.    Market Trend 2         7.1.3.    Market Trend 3         7.2.    Market Drivers         7.2.1.    Market Driver 1         7.2.2.    Market Driver 2         7.2.3.    Market Driver 3         7.3.    Market Challenges         7.3.1.    Market Challenge 1         7.3.2.    Market Challenge 2         7.3.3.    Market Challenge 3  8.       Opportunities Analysis         8.1.    Market Opportunity 1         8.2.    Market Opportunity 2         8.3.    Market Opportunity 3  9.       Competitive Landscape         9.1.    Bridgestone Corp.         9.2.    The Goodyear Tire & Rubber Co.         9.3.    Specialty Tires of America, Inc.         9.4.    Michelin         9.5.    Dunlop Aircraft Tyres Ltd.         9.6.    Company 6         9.7.    Company 7         9.8.    Company 8         9.9.    Company 9         9.10.  Company 10

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Aircraft Tire Market – FAQs 

1.  What is the current size of the aircraft tire market? 

Ans. In 2024, the aircraft tire market size is USD 2,323.51 Mn. 

2.  Who are the major vendors in the aircraft tire market?  

Ans. The major vendors in the aircraft tire market are Bridgestone Corp.; The Goodyear Tire & Rubber Co.; Specialty Tires of America, Inc.; Michelin; Dunlop Aircraft Tyres Ltd. 

3.  Which segments are covered under the aircraft tire market segments analysis?  

Ans. The aircraft tire market report offers in-depth insights into Type, Supplier, End User, and Geography.