The global aerospace tire market is forecast to grow at a CAGR of 3.9% from 2016 to 2021. The major growth drivers of this market are increase in aircraft delivery and increase in the frequency of flights.
Emerging trends, which have a direct impact on the dynamics of the industry, include lightweight tires which use light alloy metal bead cores and increasing demand of more durable tires.
A total of 44 figures / charts and 30 tables are provided in this 94-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of aerospace tire market report, download the report brochure.
The study includes a forecast for the global aerospace tire market by tire type, market type, aircraft type, and region as follows:
Aerospace tire market by tire type (Value $ Million from 2010 to 2021):
Radial Tire Bias Tire
Aerospace tire market by market type (Value $ Million from 2010 to 2021):
Aerospace tire market by aircraft type (Value $ Million from 2010 to 2021):
Commercial Aircraft Regional Aircraft General Aviation Military Aircraft Helicopter
Aerospace tire market by region (Value $ Million from 2010 to 2021):
North America Europe Asia Pacific Rest of World
Aerospace tire companies profiled in this market report include Michelin, Goodyear Tire and Rubber Co., Bridgestone, and Dunlop Aircraft Tire. Most of the aircraft tire manufactures are expanding their markets to APAC region to capture the growth opportunity in this region. Dunlop Aircraft Tyres opened a new tire distribution and retreading facility in China.
Lucintel predicts that the demand for radial tire is likely to experience the highest growth in the forecast period due to more durability and light weight, which increases life span of the aircraft tire. In this market, radial and bias tire are the two types of tires.
Within the aerospace tire industry, commercial aircraft is expected to remain the largest market during forecast period due to increase in deliveries of commercial aircraft and increase in the frequency of flights.
By market type, retrofit market is expected to remain the largest market during forecast period due to increase in the frequency of flights.
North America is expected to remain the largest market during the forecast period due to the increase in aircraft deliveries and rise in the frequency of flights because of increase in passenger traffic. APAC is expected to grow with the highest CAGR during the forecast period due to increasing demand of new aircraft and introduction of new airlines in this region as the passenger traffic is expected to rise in the forecast period which will increase the demand for aircraft tires.
Some of the features of “Growth Opportunity in Global Aerospace Tire Market 2016-2021: Trends, Forecast, and Opportunity Analysis” include:
Market size estimates: Global aerospace tire market size estimation in value ($M) shipment.Trend and forecast analysis: Global aerospace tire market trend (2010-2015) and forecast (2016-2021) by region and segment.Segmentation analysis: Global aerospace tire market size by various tire types such as bias tire and radial tire and by various aircraft types such as commercial aircraft, helicopter, general aviation, regional aircraft, military aircraft in terms of value shipment.Regional analysis: Global aerospace tire industry breakdown by key regions such as North America, Europe, Asia Pacific and Rest of World.Growth opportunities: Analysis on growth opportunities in different applications and regions.Strategic analysis: This includes M&A, new product development, competitive landscape, and expansion strategies of tire suppliers in global aerospace tire industry.Emerging Trends: Emerging trends of global aerospace tire market in various markets
This report answers following 10 key questions:
Q.1. What are some of the potential, high-growth opportunities for global aerospace tire industry by tire type, market type, aircraft type and region?
Q.2. Which product /segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers and challenges in aerospace tire market ?
Q.5. What are the business risks and threats of this market?
Q.6. What are emerging trends in this market and reasons behind them?
Q.7. What are some of the changing demands of customers in aerospace tire market ?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10. How is the competitive rivalry and threat of substitution in aerospace tire market ?