According to a new market report published by Lucintel, the future of the aerospace tire market looks positive with opportunities in commercial, regional aircraft, general aviation, helicopter and military aircraft segment. 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.
Browse 30 market data tables and 44 figures spread through 94 pages and in-depth TOC on “Global Aerospace Tire Market” http://www.lucintel.com/aerospace_tire_market_2016_2021.aspx
In this market, radial and bias tire are the two types of tires. 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.
Within the aerospace tire market, 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.
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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.
For market expansion, the report suggests innovation and new product development, where the unique features of tire can be capitalized. 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.
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Michelin, Goodyear Tire and Rubber Co., Bridgestone, and Dunlop Aircraft Tire are among the major manufacturers of aerospace tires. 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, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global aerospace tire industry by tire type, market type, aircraft type, and region and has come up with a comprehensive research report, “Growth Opportunities in the Global Aerospace Tire Market 2016-2021:Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a spring board for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions.
The study includes a forecast for the global aerospace tire market through 2021 segmented by tire type, market type, aircraft type, and region as follows:
Aerospace tire market by tire type (Value $ Million from 2010 to 2021):
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
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This 94-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/toc/aerospace_tire_market_2016_2021.aspx or helpdesk@lucintel.com.
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