The report, now available on ASDReports, recognizes the following companies as the key players in the Global Aircraft Tire Aftermarket: Bridgestone, Michelin, and Goodyear.
Other independent dealers analyzed in this market research are Aircraft Spruce and Specialty, Avioparts, Chief Aircraft, Desser Tire and Rubber, KADEX Aero Supply, and Specialty Tires of America.
Commenting on the report, an analyst said: “The increase in fleet size in emerging markets will increase the MRO spending. With the rising disposable income in the emerging economies like India and China, passenger traffic has grown exponentially. This has resulted in increased aircraft utilization, replacement of aging aircraft, and higher labor rates. There is demand for new aircraft fuel-efficient technologies and replacement aircraft tire, which is expected to pressurize MROs.”
According to the report, stable economic conditions across the world have caused an increase in disposable income. This increase has changed the consumer attitude toward holiday and tourism, encouraging them to travel more. High disposable income is the sign of a strong economy and leads to increased spending on tourism.
Further, the report states that due to volatile market conditions, independent dealers are operating at low profit margins
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.