Globally the rise in number of commercial & cargo aircraft coupled with the technological growth factor in the aircraft tires such as electronic pressure sensors are expected to drive the growth of global aircraft tire market. According to Goldstein Research, global aircraft tire market size is expected to reach USD 3.1 billion by 2024 from USD 1.8 billion in 2016, growing at a CAGR of 4.82% during the forecast period 2016-2024. Global aircraft tire market segmentation has been done on the basis of aircraft type, product type, end user and geography.
Globally the market players are involved into investments, mergers and acquisitions to establish new manufacturing plants and expand their business, majorly in the developing regions. Geographically, United States accounts for highest number of aircrafts, nearly 13,500 which tends to drive the aircraft tire market. Moreover, Asia Pacific region is witnessing increase in number of aircrafts and entry of market players in the region establishing their manufacturing units. Over the forecast period North America is anticipated to dominate the aircraft tire market.
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Market Segmentation
Global Aircraft Tire Market can be segmented as follows:
Based on Aircraft Type
• Civil Aircraft Tires
• Military Aircraft Tires
By Product Type
• Radial Tire
• Bias Tire
By End-User
• Original Equipment Manufacturers (OEM’s)
• Aftermarket
By Region
• North America Aircraft Tire Market Analysis, 2016-2024
• Europe Aircraft Tire Market Analysis, 2016-2024
• Middle East and Africa Aircraft Tire Market Analysis, 2016-2024
• Latin America Aircraft Tire Market Analysis, 2016-2024
• Asia Pacific Aircraft Tire Market Analysis, 2016-2024
• Rest of the World Aircraft Tire Market Analysis, 2016-2024
Global Aircraft Tire Market report by Goldstein Research contains detailed overview of the global aircraft tire market. Key players discussed in the report are: Goodyear Aviation Tires, Bridgestone, Michelin, Dunlop Aircraft Tyres Ltd., Petlas Tire Corporation, Aviation Tires & Treads, LLC, etc. Company profiling of these players includes financial analysis, business strategies, revenue distribution by geography and business segments, recent developments and other major companies signifying business outlook.
Further, Aircraft Tire Market Report highlights the industry dynamics including growth drivers, opportunities, risk analysis, market challenges, Porter’s five force model, SWOT analysis, market attractiveness and BPS (Base Point Scale) analysis. This market report also includes data of Aircraft Tire Market Size, share, growth rate, statistics on aircraft tire production, shipment, demand & supply.
Overall, the report conveys market insights to the new players searching possibilities, existing players searching for expansion opportunities, industry consultants, technology providers, and other stakeholders to outline market strategies as per the ongoing and expected trends in the forecast period.
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