Aircraft Tire Market Information Report by product type (radial and bias), by application (commercial and defense), and by Region – Global Forecast to 2022
Aviation Tires & Treads, LLC, Bridgestone Corporation, Compagnie Générale Des Établissements Michelin Sca, Desser Tire & Rubber Co., LLC, Dunlop Aircraft Tyres Ltd., Goodyear Tire & Rubber Co., Petlas Tire Corporation, Qingdao Sentury Tire Co., Ltd., Specialty Tires of America, and Wilkerson Company, Inc. (Wco) are some of the prominent players at the forefront of competition in the Global Market of Aircraft Tire and are profiled in MRFR Analysis.
Aircraft Tire Global Market – Overview
Aircraft Tires or Airliner Tire are phenomenally mighty that can handle approximately 38-tons of load; landing safely and reliably every time meet the ground 500 times before needing a replacement. Aircraft Tires are made with the nylon or rubber generally inflated to 200 psi, which is approx. Six times compared to an automobile tire. Fighter planes are inflated to 320 psi. They are remarkable durable due to the maximized the air pressure. Aircraft Tires though not extremely large and thick, possess an enormous power in the cords embedded below the tread. Demonstrating phenomenal load bearing and air pressure resisting capabilities with the layers of casing on them; these Aircraft Tires burst or fail only when insufficiently inflated or overloaded. In such scenarios aircrafts either sustain substantial damage or suffer extensive damage loosing many lives. Hence, Aircraft Tyres pass through numerous stations until a thorough inspection before reaching to the final check meeting the regulations of Joint Aviation Authorities (JAA) and FAA and gaining an approval.
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Aircraft Tires Market is growing pervasively owing to the burgeoning aircraft or aviation industry which constantly suffices the steady demand for advanced aircrafts from commercial as well as military segments. Accreditation the worth and growth potential the Aircraft Tires Market holds and forecasting the growth this market will acquire in the years to come, the Market Research Future recently published a meticulous study report giving out the complete market prognosis till 2022. According to the MRFR Analysis, The Aircraft Tire Market is projected to grow at the rapid pace demonstrating an aggrandized expansion by registering a significant CAGR during 2016-2022.
The Aviation industry has been witnessing a robust growth, owing to the increased diversification among airlines worldwide. The major factors that influence the market growth of Aircraft Tires Market include rise air passenger traffic, growing demand for fuel efficient aircrafts and rising economy of developing regions such as APAC coupled with the projects of replacing obsolete aircrafts. While manufacturers operating in the Aircraft Tire market; are answering the increased demand in the best possible way by making substantial investments to develop advent tires, that withstands to a Test a tweak with computer simulation, followed by prototyping and meet the specific and demanding regulations of various civil and military specific applications. These investments lead to the heightened sale of these tyres ultimately contributing to the growth of Aircraft Tires Market. Emerging trends observed during the analysis include heightened use of elastomer rubber compound and Kevlar, coupled with the advent of green aircraft taxiing systems.
Aircraft Tire Global Market – Competitive Analysis
The highly competitive market of Aircraft Tire is adorn by several well-established players having international and regional presence. These players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. The Key players operating in the market compete based on pricing, technology, reputation and services. These vendors are committed to deliver reliable, leading-edge products and services.
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Industry/ Innovation/ Related News
October 2017 – Norsk Titanium announced that it is making especially big strides in the aerospace sector. Boeing started using aircraft with 3D printed Ti64 structural aviation components made using Norsk Titanium’s RPD technology. Norsk Titanium, an Irish cleantech company make biodegradable 3D printed irrigation systems. The unusual 3D printed tire is actually more of an all-in-one wheel and tire, made from organic and renewable materials the tire can be “recharged” with new 3D printed treads when required, which enables easy customization depending on road and seasonal conditions.
October 2017 – Qingdao Sentury Tire Co Ltd, a Chinese company manufacturing the home-made aircraft tire announced that its first batch of commercial aircraft tires made by is expected to roll off the production line by the end of this year, which will likely end the history of total reliance on imported tires for China’s civilian aircraft. The company also mentioned that it had invested 300 million yuan ($44 million) into the new facility, which covers 30,000 square meters and will reach a capacity of 150,000 tires per annum in the coming five years.
October 2017 – Goodyear’s ultra-lightweight Flight Radial aviation tire was certified by Boeing Co. for use on its 777X airplane. It is the first product to receive Boeing system part certification for the 777X, according to Goodyear.
June 2017 – Private equity firm Liberty Hall Capital Partners L.P.(New York) acquired Dunlop Aircraft Tyres Ltd. for $135 million from AAC Capital Partners, which has been the Birmingham, England-based tire maker’s majority owner since 2007, and other shareholders. New York-based Liberty Hall is focused exclusively on investments in businesses serving the global aerospace and defence industry.
June 2017 – Dyess AFB and Arrow Ford announced partnership in developing a solution to reduce tire wear on modified Ford F-350s used by the military to tow munitions to be loaded onto aircraft. The partnership resulted in the immediate hiring of 13 veterans at Arrow Ford.
June 2017 – Bridgestone Aircraft Tire USA, announced that they are expanding by adding warehouse operation.
Aircraft Tire Global Market – Segmentation
Aircraft Tire Market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation By Product Type : Comprises Radial and Bias.
Segmentation By Application : Comprises Commercial and Defence.
Segmentation By Regions : Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
On the basis of product type, Bias segment dominate the aircraft tire market during the forecast period due to the increasing demand of air travel and frequently replacement of the aircraft tire.
Based on application, commercial segment dominates the aircraft tire market because there is a requisites for the commercial aircraft manufacturer to improve efficiency of aircraft operation by reducing the weight of the tire.
Aircraft Tire Global Market – Regional Analysis
Asia-Pacific region will witness a high growth during the forecast period due to the increasing demand by the commercial airlines segment which indirectly will boost the aircraft tires market. Government spending for infrastructure development, liberalization and GDP growth in these regions have resulted in the growth of Asia-Pacific.
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