Aircraft Tire Market Size, Share, Industry, Forecast and outlook (2024-2031)

Aircraft Tires Market is segmented By Type (Radial-ply Tires, Bias-ply Tires), By Aircraft Type (Commercial Aviation, Military Aviation, Business and General Aviation), By Sales Channel (OEM) and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024 - 2031

Market Overview

Global Aircraft Tire Market reached US$ 1.63 billion in 2023 and is expected to reach US$ 2.13 billion by 2031, growing with a CAGR of 13.58% during the forecast period 2024-2031. 

The global aircraft tire market is experiencing substantial growth, spurred by an increase in air travel, technological advancements in tire manufacturing and a surge in defense spending. Rising demand for commercial and military aircraft, driven by both new orders and replacements, has led to increased demand for high-performance tires that can endure extreme conditions and high landing frequencies. Tire manufacturers are focusing on producing lighter and more durable tires to meet the performance demands of modern aircraft while enhancing fuel efficiency, reducing emissions and ensuring operational safety.

Asia-Pacific in the global aircraft tire market is growing at the fastest rate compared to other regions. In recent years, significant nations such as China, India and Japan have experienced a sharp rise in the number of passengers, leading to substantial purchases of new airplanes by airlines in the area. The International Air Transport Association (IATA) predicts that by 2030, air travel in Asia will surpass both North America and Europe, the next largest markets. Due to the significant increase in passenger traffic, airlines in the area must acquire additional aircraft to meet the growing demand.

Market Summary

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Market Dynamics

Demand for Lightweight Materials and Technological Advancements

Technological advancements and the integration of lightweight materials are reshaping the aircraft tire market. Innovations such as radial tires, developed for durability and energy efficiency, have gained significant traction, especially in the commercial aviation segment. Major industry players like Michelin and Bridgestone are investing in developing more resilient tire materials, leveraging technologies like Aramid and Kevlar for their high strength-to-weight ratios. 

The significance of lightweight components in aircraft for fuel savings is highlighted by the International Air Transport Association (IATA). Using lightweight tires can lead to significant savings in operational costs, which is advantageous for airlines prioritizing sustainability and efficiency. Furthermore, tire makers are integrating sensors and live monitoring systems to enhance safety and maintenance effectiveness. 

The systems enable airlines to track tire wear, pressure and temperature, aiding in proactive maintenance and reducing unforeseen downtimes. The Federal Aviation Administration (FAA) has set guidelines mandating periodic inspection and maintenance of aircraft tires, promoting tire safety and enhancing the importance of reliable monitoring systems.

Surge in Global Air Traffic and Regulatory Support

The aircraft tire market is fueled by the growth of global air traffic due to increasing disposable incomes, rapid urbanization and tourism. The International Civil Aviation Organization (ICAO) reported a year-on-year increase in global passenger traffic, which is expected to grow by approximately 4-5% annually until 2030. The expanding fleet size, especially in emerging economies in the Asia-Pacific and Middle East regions, has led to higher tire replacement demand.  Asia-Pacific, led by countries such as China, India and Indonesia, is witnessing exponential growth in air travel demand, driven by low-cost carriers and government initiatives aimed at increasing regional connectivity. 

Aircraft tire manufacturers must comply with stringent safety and regulatory standards imposed by aviation authorities, such as the FAA, European Union Aviation Safety Agency (EASA) and other national regulatory bodies. The rules oversee tire design, material makeup and performance testing to guarantee tires meet strict safety standards. EASA, for instance, mandates specific criteria for tire pressure monitoring, tread pattern specifications and puncture resistance to ensure operational safety. The important role of safety regulations is key to inspiring innovation in the aircraft tire sector, pushing manufacturers to meet changing standards.

Workforce Challenges & Regulatory Compliences

Despite growth prospects, the aircraft tire market faces several challenges, such as a shortage of skilled technicians needed for tire maintenance, compounded by regulatory complexities. Due to the advanced technologies and rigorous standards involved in aircraft tire manufacturing and maintenance, companies often struggle to find skilled labor. The International Labour Organization (ILO) highlights the global shortage of skilled workers in sectors requiring specialized expertise, including aerospace maintenance, which could slow down industry growth if not addressed.

Additionally, environmental regulations concerning rubber waste disposal and emissions from manufacturing processes pose further challenges. The European Union, for instance, enforces strict environmental regulations around waste disposal and emissions, prompting manufacturers to adopt sustainable practices, such as using eco-friendly materials and recycling tire waste. Compliance with these regulations can increase production costs, impacting the overall market dynamics.

Market Segment Analysis

The global aircraft tire market is segmented based on type, aircraft type, sales channel and region.

Growing Demand for Radial Tires

The global aircraft tire market is segmented into radial and bias tires, with radial tires witnessing increased adoption in recent years. Radial tires offer better fuel efficiency, improved heat dissipation and extended tread life, making them highly suitable for commercial and long-haul flights. IATA emphasizes that radial tires contribute to reducing fuel consumption due to their lighter weight, which is critical for cost-sensitive commercial airlines. Consequently, manufacturers are focusing on expanding their radial tire offerings to cater to the commercial aviation sector's demand for fuel-efficient and durable options.

Furthermore, Real-time tire monitoring systems, such as the Tire Pressure Monitoring System (TPMS), are gaining popularity due to their ability to enhance safety and reduce maintenance costs. These systems enable airlines to maintain optimal tire pressure, which is essential for preventing blowouts and excessive tire wear. The FAA mandates that aircraft tire pressure is checked before each flight, underscoring the significance of accurate and real-time monitoring. As predictive maintenance gains prominence in the aviation industry, the adoption of TPMS and similar technologies is expected to rise.

Market Geographical Share

Robust Demand for Aerospace & Defence Sector in North America

North America dominate the global aircraft tire market due to the presence of major aviation hubs, established aerospace industries and a large fleet size in these regions. US, in particular, leads in terms of fleet size and frequency of flights, contributing to high demand for tire replacements. The American aerospace and defense industry's exports totaled US$ 151 billion in 2018, an increase of 5.81% from the previous year, according to a report by the Aerospace Industries Association, further highlight the demand of aircraft tire in the country.

The demand for aircraft, technical development, safety standards and market competition are some of the variables that have an impact on the global market for powered wheels. Although the aerospace industry is robust, especially in US and contributes significantly to the market's growth, there are numerous prominent manufacturers, suppliers and customers present on a global scale.

Market Competitive Landscape

The major global players in the market include Aviation Tires and Treads, Bridgestone Corporation, Dunlop Aircraft Tyres Ltd, Goodyear Tire & Rubber Company, Michelin, Petlas, Sentury Tire USA, Specialty Tires of America, Specialty Tires of America, Inc. and Wilkerson Company, Inc.

Sustainability Analysis 

Sustainability is increasingly critical in the aircraft tire market as manufacturers work to lessen the environmental impact of tire production and disposal. The International Energy Agency (IEA) highlights the need to reduce carbon emissions across all transportation sectors, including aviation, placing pressure on the industry to adopt greener practices. This shift has driven tire manufacturers to explore eco-friendly materials, including bio-based rubber compounds and recyclable materials, as they strive to minimize their ecological footprint.

Companies such as Michelin have committed to ambitious interim goal of 40% of bio-sourced or recycled materials across all tire lines by 2030 towards 100% by 2050. This commitment not only aligns with global environmental priorities but also showcases the industry’s dedication to responsible manufacturing practices. The aircraft tire industry is striving to achieve a balance between operational performance and environmental stewardship in order to promote a more sustainable future in aviation.

Russia-Ukraine War Impact 

The Russia-Ukraine war has significantly impacted the aircraft tire market, especially across Europe, due to disruptions in the supply chain of essential raw materials and components. Ukraine has historically been a key supplier of raw materials such as rubber compounds and industrial metals, crucial for manufacturing aircraft tires and associated electronic components, including tire monitoring sensors. In response, companies are seeking alternative supply sources, which often come at a premium, further inflating production expenses and potentially affecting product availability.

Additionally, the conflict has driven up fuel costs globally, raising operational expenses for airlines, which are now under pressure to minimize costs wherever possible, including tire-related expenditures. The war has intensified regional security concerns, leading European countries to increase defense spending, a portion of which is allocated to military aircraft maintenance and replacement, indirectly spurring demand for high-durability military aircraft tires.

By Type

• Radial-ply Tires
• Bias-ply Tires

By Aircraft Type

• Commercial Aviation
• Military Aviation
• Business and General Aviation

By Sales Channel

• OEM
• Aftermarket

By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In May 2024, Japan Airlines (JAL) has expanded its use of Bridgestone Corporation’s advanced tire wear prediction technology to streamline tire replacement schedules for large jet aircraft, including the Airbus A350-900. This collaboration allows JAL to optimize maintenance by forecasting tire replacement needs more accurately, reducing downtime and improving fleet efficiency.
• In June 2023, Michelin introduced a new generation of aircraft tires, the "Michelin Air X Sky Light" designed with improved durability, lightweight construction and reduced CO2 emissions. The new tire line offers extended durability, increasing tire lifespan by 10-20% over previous models.
• In June 2023, Airbus selected Goodyear to supply tires for the new A321XLR, which will begin passenger operations in 2024. The A321XLR will be equipped with Goodyear’s advanced Flight Radial Tire, designed to support long-haul routes with durability and performance in various climates and conditions.

Why Purchase the Report?

• To visualize the global aircraft tire market segmentation based on type, aircraft type, sales channel and region.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel spreadsheet containing a comprehensive dataset of the aircraft tire market, covering all levels of segmentation.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global aircraft tire market report would provide approximately 62 tables, 50 figures and 207 pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies