A research report on the Aircraft Tires Market has recently been published by Stratview Research, which addresses the significant changes in the Aircraft Tires Market. The study's purpose is to recognize recent market sizes for various segments and countries, as well as forecast values for the coming years. This research gives an analytical review of the market’s present trend and future estimates in order to find additional opportunities. The report is meant to provide both qualitative and quantitative aspects of the market in each of the areas and countries studied.

Market Insights

The aircraft tires market which accounted for US$ 1.5 billion in 2021, is estimated to register an uncharted growth trajectory by recording a promising CAGR of 6.1% to reach a market value of US$ 2.6 billion in 2027. The recovery trajectory of tires would be different for different regions and aircraft types. 

Profiling Key Companies –

• Compagnie Generale Des Etablissements Michelin S.C.A.
• Bridgestone Corporation
• The Goodyear Tire & Rubber Company
• Dunlop Aircraft Tyres Ltd.
• Mitas a.s. (a Trelleborg A.B. company)
• Kumho Tire Co. Inc.
• Petlas Tire Corporation
• Qingdao Sentury Tire Co., Ltd.
• Specialty Tires of America
• Wilkerson Company, Inc.

COVID IMPACT

The COVID-19 outbreak has brought forth several unprecedented challenges before aircraft and airline companies with thousands of planes grounded around the world, devastating their profits and balance sheets, and sending them at least a decade back. Tires, one of the most pivotal parts of an aircraft, endured a heavy decline of over 40% in demand in the year 2020.

The aerospace industry had already started marching toward the path of recovery. However, the emergence of new COVID-19 variants affected its growth trajectories and delayed the overall recovery period.

It is still uncertain when the commercial aerospace industry will hit back its peak level in 2018. However, the entire industry stakeholders are highly resilient and have been accustomed to such fatal market environments. It is anticipated that the commercial aerospace industry stakeholders will emerge again and create gargantuan opportunities before market stakeholders. 

Market Scope & Segmentation

Aircraft tires are difficult to design since they must avoid bursting, to prevent damage to the aircraft. Maintaining stability, carrying huge weight at fast speeds, and giving effective braking capabilities are significant expectations from aircraft tires. As an aircraft's weight increases, the number of tires required grows as the weight must be spread more evenly.

Aircraft tires are designed to carry heavy weights for short periods. Increasing air passenger traffic over the past two eons paired with frequent take-offs & landings make the tire a more important and indispensable focus area of the entire aerospace community.

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• Assessment of the market
• Competitive Landscape
• COVID Impact Analysis
• Value Chain Analysis
• Historic Data, Estimates, and Forecast
• Company Profiles
• Global and Regional Dynamics
• Future Business Scope & Opportunities Forecast

Critical Questions Answered in the Report

• What are the key trends in the Aircraft Tires Market?
• How the market (and its various sub-segments) has grown in the last five years and what growth trajectory will it follow in the next five years?
• On what scale has COVID-19 impacted the Aircraft Tires Market?
• What are some key strategies adopted by the market leaders in the Aircraft Tires Market?
• How many shares of the Aircraft Tires Market do the top players own?

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Stratview Research is a global market intelligence and consulting organization that provides market research reports, customized reports, and consulting services. We are also committed to playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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