CountryAfghanistanAlbaniaAlgeriaAndorraAngolaAntigua & BarbudaArgentinaArmeniaAustraliaAustriaAzerbaijanBahamasBahrainBangladeshBarbadosBelarusBelgiumBelizeBeninBhutanBoliviaBosnia & HerzegovinaBotswanaBrazilBruneiBulgariaBurkina FasoBurundiCambodiaCameroonCanadaCape VerdeCentral African RepublicChadChileChinaColombiaComorosCongoCongo Democratic RepublicCosta RicaCote d'IvoireCroatiaCubaCyprusCzech RepublicDenmarkDjiboutiDominicaDominican RepublicEcuadorEast TimorEgyptEl SalvadorEquatorial GuineaEritreaEstoniaEthiopiaFijiFinlandFranceGabonGambiaGeorgiaGermanyGhanaGreeceGrenadaGuatemalaGuineaGuinea-BissauGuyanaHaitiHondurasHungaryIcelandIndiaIndonesiaIranIraqIrelandIsraelItalyJamaicaJapanJordanKazakhstanKenyaKiribatiKorea NorthKorea SouthKosovoKuwaitKyrgyzstanLaosLatviaLebanonLesothoLiberiaLibyaLiechtensteinLithuaniaLuxembourgMacedoniaMadagascarMalawiMalaysiaMaldivesMaliMaltaMarshall IslandsMauritaniaMauritiusMexicoMicronesiaMoldovaMonacoMongoliaMontenegroMoroccoMozambiqueMyanmar (Burma)NamibiaNauruNepalThe NetherlandsNew ZealandNicaraguaNigerNigeriaNorwayOmanPakistanPalauPalestinian State*PanamaPapua New GuineaParaguayPeruThe PhilippinesPolandPortugalQatarRomaniaRussiaRwandaSt. Kitts & NevisSt. LuciaSt. Vincent & The GrenadinesSamoaSan MarinoSao Tome & PrincipeSaudi ArabiaSenegalSerbiaSeychellesSierra LeoneSingaporeSlovakiaSloveniaSolomon IslandsSomaliaSouth AfricaSouth SudanSpainSri LankaSudanSurinameSwazilandSwedenSwitzerlandSyriaTaiwanTajikistanTanzaniaThailandTogoTongaTrinidad & TobagoTunisiaTurkeyTurkmenistanTuvaluUgandaUkraineUnited Arab EmiratesUnited KingdomUnited States of AmericaUruguayUzbekistanVanuatuVatican City (Holy See)VenezuelaVietnamYemenZambiaZimbabwe
Multi User License - $2,500
The use of aircraft is integral in modern life. The tires used in aircraft have created an extensive market for themselves. An aircraft tire is a sophisticated, computer-designed, and multi-component product. A variety of materials are used to manufacture aircraft tires.
The basic raw materials used to manufacture aircraft tires are Steel, fabric, rubber, and chemicals. These tires play a vital role in aircraft performance and therefore it becomes essential to maintain these tires’ performance. The tread patterns on aircraft tires are designed to improve traction and grip in extreme weather conditions.
These tires are manufactured with designs that are capable of carrying heavy loads at high speeds in any configuration whether light or heavy, large or small. The aircraft tire is an integral commodity for aircraft and therefore this market is opportunistic and is vulnerable to modifications and better designs for aircraft.
In this report, we will further dwell upon the various dynamics associated with this market.
Some of the important driving factors of this market can be listed as:
The limited number of manufacturers may hamper the growth of this market. Also, some strict aviation regulations and the high cost of aviation tires because of high rubber prices may hinder the growth of this market.
Analysis of various aircraft accidents reveals technical faults in tires. FAA thus, addressing the issue has implemented guidelines stating frequent replacement of aircraft tires. This is a prime factor for the expansion of this market in recent times.
By Supplier, the market is segmented as OEM and Aftermarket. Based on product type, bias ply, and radial ply. Radial tires can offer low weight but on the other side is less retread able and therefore can exhibit weaker sidewalls. The radial tires are preferred over cross-ply tires that were used because of their harder and robust construction.
The radial tires, therefore, help reduce operational costs and generate less heat, thus have a longer life. Based on aircraft type, the market is divided into commercial aircraft, military aircraft, and business and general aircraft.
Geographically, the market is divided into major regions. The major regions are North America, Europe, Middle-East and Africa, Latin America, and the Asia-Pacific region. The increasing air traffic in countries like India and China and increased procurement of military aircraft is indicative of growth in the Asia-Pacific region.
The relaxation in regulation in the aviation industry and the rise in the number of budget airlines provide a prospective growth outlook in this region. Not only this, taking advantage of poor connectivity of rail transport in countries covered in the Asia-Pacific region, companies are planning to expand their operations in this region.
The United States is the growth region of this market. The North American region is the manufacturing capital of this industry as a huge number of aircraft OEM, tire manufacturers, and raw material suppliers belong to this region.
In the forecast period, the European region is expected to have prospective growth in the tire market owing to various aircraft programs. One such program is A320 including the neo variants.
India is a potential market to be exploited by creating more aircraft manufacturing and availability. The increasing defense budget of China and the opening of new manufacturing units for Boeing and Airbus points towards the prospective growth expected in this region during the forecast period.
The marketplace was put to a halt during the pandemic. Since, lockdowns have been lifted and mobility is being restored, the market is returning to pre-Covid functioning capacity.
A British maker and retreader of aviation tyres with a factory in Mocksville, Dunlop Aircraft Tyres Ltd., was acquired by New York-based private equity firm Liberty Hall Capital Partners as part of a $135 million deal on Thursday morning.
The first portfolio firm of Liberty Hall that specialises in offering aftermarket goods and services to the international aerospace and defence industry is Dunlop Aircraft Tyres.
Officials from Liberty were not immediately available to comment on how the acquisition may affect the Mocksville operation, where Dunlop opened its first U.S. retreading facility in a 108,000-square-foot building at 205 Enterprise Way with plans to hire 40 people there within two years.
The company is well-positioned to continue outperforming the market thanks to its well-known brand, track record of excellent customer service, cutting-edge technology, and well-balanced portfolio of platforms in both the civil and military aviation sectors.
The business has also successfully implemented a business plan focused on modernization, product and technology range extension, and regional expansion. We plan to give management the resources—financial, intellectual, and human—they need to keep serving Dunlop’s clients.
Dunlop Aircraft Tyres is a British company with its main office in Birmingham. It also has offices in Mocksville, Texas, and Jinjiang, China.
There are roughly some workers working for the company, and its goods are used by more than 85 different manufacturers and aircraft operators worldwide. The aftermarket accounts for more than a certain percentage of Dunlop Aircraft Tyres’ revenue.
Goodyear Tire and Rubber Company has announced a new push to increase the usage of natural rubber derived from dandelions rather than latex derived from rubber trees (mostly from tropical habitats), which accounts for nearly all of the present natural rubber market.
Taraxacum kok-saghyz (TK for short) is a species of dandelions that may grow in temperate areas in the United States. This species of dandelion has natural rubber latex in its roots. And, unlike a rubber tree, which takes seven years to generate the latex needed to make rubber, dandelions can be gathered in just six months.
Goodyear has collaborated on the multi-year, multi-million-dollar project with the US Department of Defense, the Air Force Research Lab, and BioMADE.
To produce a domestic source of rubber made from American-grown dandelions, the group will work with Farmed Materials, an Ohio-based company that develops and commercialises agriculturally generated, sustainable, high-performance polymers.
As a source of natural rubber, a commodity so vital to the global economy that it is categorised as an essential raw material. With this new project, Goodyear wants to address this issue.
Based on product type, various opportunities are available to improve the existing designs. Innovations call for improving the durability and maneuverability of tires. Also, minimizing tire weight is an important area to work upon. Michelin and Goodyear’s tires have already a prominent presence in the Commercial and Military aircraft business.
Making tires with such configurations improve fuel efficiency and the longer life of tires. Tire safety has been the prime area of focus for OEM. Various airplane tragedies have made companies work on tire safety. Bridgestone improved its working technology to improve the tire’s durability.
The high growth in emerging markets and more landings per tire is the opportunistic areas in this market. However, reducing the weight of tires and also accounting for handling the heavy load of aircraft remains a challenge in the marketplace.
The latest high-performance bias ply aircraft tires come with Inter-tread reinforcing fabric also called ITF. This configuration helps to provide high-speed stability and reduces tread distortion under extreme loads.
Companies have been working upon advancements in tire manufacturing technologies like utilization of next-generation materials like Synthetic elastomer rubber and cross-linkable rubber.
To add, the concept of Flying cars / Flying Taxis which is still in the incubation period is paving way for companies like Goodyear to come up with concepts like AERO to attract new customers. These tires have advanced features like multimodal design, magnetic propulsion, optical sensing, non-pneumatic structures, and AI.
These trends started by prominent market players motivate the competitive industries and startups to contribute to the global tires market.
The prominent companies in the marketplace can be listed as:
© Copyright 2017-2022. Mobility Foresights. All Rights Reserved.