The global aircraft tire market size was estimated at USD 1.89 billion in 2023 and is projected to reach USD 2.68 billion by 2030, growing at a CAGR of 4.2% from 2024 to 2030. This growth is attributed to the critical role of aircraft tires in maintaining the overall weight of an aircraft during takeoff, landing, and taxiing.

These tires are specifically manufactured to meet the operating requirements of aircraft, exhibiting greater strength compared to automotive tires. Aircraft tires ensure safe ground contact by absorbing vibrations and impact forces. They also provide cushioning to the aircraft, supporting the structure and enhancing passenger comfort.

The market is experiencing technological advancements in production techniques and raw materials. Aircraft tire manufacturers are increasingly seeking eco-friendly raw materials to produce sustainable, fuel-efficient, and lower-carbon emission tires, responding to rising consumer demand for environmentally friendly travel options. Additionally, growing awareness regarding environmental health among governments and consumers is increasing pressure on the aviation industry to reduce carbon footprints, which will drive the demand for eco-friendly aircraft tires in the coming years.

Key Market Trends & Insights

• North America dominated the aircraft tire market with a revenue share of 49.64% in 2023. This dominance is driven by high demand for passenger transportation. Furthermore, rising environmental concerns related to increased carbon emissions have led to a demand for fuel-efficient aircraft. The use of lightweight materials in aircraft manufacturing helps reduce the overall weight of an aircraft, thereby boosting fuel efficiency.
• The aircraft tire market in the U.S. is expected to grow at a CAGR of 3.2% over the forecast period. Legislative authorities such as the FAA and AIA's adoption of new policies and enforcement of stringent aircraft safety standards are anticipated to accelerate the demand for aircraft tires and their regular maintenance in the country.
• Based on product type, the radial segment dominated the market with a revenue share of 69.96% in 2023 and is expected to grow at the fastest CAGR over the forecast period. Radial tires provide enhanced performance characteristics compared to cross-ply tires, including better fuel efficiency, longer tread life, and improved durability under higher loads.
• In terms of end use, the market is segmented into commercial, business, military, and others. The commercial segment dominated the market with a revenue share of 51.66% in 2023 and is expected to experience significant growth over the forecast period. The demand for commercial aircraft is anticipated to be the highest due to the growth in passenger and freight traffic.

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Market Size & Forecast

• 2023 Market Size: USD 1.89 Billion
• 2030 Projected Market Size: USD 2.68 Billion
• CAGR (2024-2030): 4.2%
• North America: Largest market in 2023
• Asia Pacific: Fastest growing market in 2023

Key Companies & Market Share Insights

Key players in the market include MICHELIN and Bridgestone Corporation:

• MICHELIN was established in 1889 and is headquartered in Clermont-Ferrand, France. It is a leading tire company engaged in manufacturing and servicing tires for airplanes, earthmovers, automobiles, trucks, and farm equipment. The company operates in more than 170 countries and employs over 111,000 people, with about 67 production plants across 17 countries.
• Bridgestone Corporation is a Japan-based manufacturer of tires for passenger vehicles, motorcycles, aircraft, commercial vehicles, and off-road vehicles. The company also offers various products beyond tires, including conveyor belts, rubber tracks and pads, golf equipment, hydraulic hoses, and seismic isolators for buildings. Bridgestone has around 130 manufacturing plants and research facilities worldwide.

Emerging market participants include Petlas and Qingdao Sentury Tire Co., Ltd.:

• Petlas, established in 1976, manufactures tires for passenger cars, off-highway agricultural vehicles, aircraft, and construction/earthmoving vehicles. The company produces around 13 million tires per year and employs 4,600 people, with a presence in 130 countries and a stable distribution network.
• Qingdao Sentury Tire Co., Ltd., founded in 2009, manufactures commercial, aircraft, and consumer tires. Its distribution network extends to approximately 150 countries across South, Central, North America, Africa, Europe, Asia, and Oceania. The company also manufactures tires for Boeing 737-700/800/900 aircraft.

Key Players

• Qingdao Sentury Tire Co., Ltd.
• Petlas
• Specialty Tires of America
• Dunlop aircraft tires
• Compagnie Generale Des Etablissements Michelin
• Bridgestone Corporation
• Desser Holdings LLC
• Aviation Tires & Treads, LLC
• The Goodyear Tire and Rubber Company
• Wilkerson Company, Inc.

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Conclusion

The aircraft tire market is poised for steady growth, driven by the essential role of tires in aircraft operations and the increasing emphasis on sustainability. With North America leading the market and Asia-Pacific emerging as the fastest growing region, the demand for innovative and eco-friendly tire solutions is set to rise. Manufacturers are focusing on developing advanced tire technologies to enhance performance, fuel efficiency, and environmental compliance, positioning themselves to meet the evolving needs of the aviation industry.