Aircraft Tires Market Size (2024 - 2029)

Aircraft Tire Market Analysis

The Aircraft Tires Market size is estimated at USD 2.35 billion in 2024, and is expected to reach USD 2.91 billion by 2029, growing at a CAGR of 4.38% during the forecast period (2024-2029).

The aircraft tire market is primarily driven by the increasing demand for air travel worldwide, fuelled by rising disposable incomes and globalization. As airlines are expanding their fleets, there is a greater need for aircraft tires to support these larger numbers of flights and aircraft movements. There is an increase in the order book of aircraft (business jet, commercial, or military aircraft) or as a replacement for the tire for the existing aircraft fleet.

Technological advancements in tire materials and designs are enhancing the durability, performance, and safety of aircraft tires. Tire manufacturers are investing in research and development to build tires that can withstand the rigorous demands of aircraft operations, including heavier loads, higher speeds, and diverse operating conditions.

However, the aircraft tire market faces challenges, particularly in environmental sustainability and regulatory compliance. There is growing pressure on the aviation industry to reduce its carbon footprint. It includes adopting sustainable practices throughout the supply chain, including tire manufacturing and disposal of tires. Additionally, stringent safety regulations and certification requirements impose additional burdens on tire manufacturers and suppliers.

The aircraft tire market presents numerous opportunities for growth in the development of tires for electric and hybrid-electric propulsion aircraft. As the adoption of these aircraft increases and they enter commercial service, the demand for specialized tires to support them is expected to increase.

Aircraft Tire Industry Segmentation

An aircraft tire is designed to withstand extremely heavy loads for short durations. The number of tires required for an aircraft increases with the weight of the aircraft, as the weight of the airplane needs to be distributed more evenly. Aircraft tire tread patterns are designed to facilitate stability in high crosswind conditions, to channel water away to prevent hydroplaning, and for braking effect.

Aircraft tires also include fusible plugs (which are assembled on the inside of the wheels) and are designed to melt at a certain temperature. Tires often overheat if maximum braking is applied during an aborted takeoff or an emergency landing. The fuses provide a safer failure mode that prevents tire explosions by deflating in a controlled manner.

The aircraft tire market is segmented by type, supplier, end user, and geography. By type, the market is segmented into radial and bias. By supplier, the market is segmented into OEM and aftermarket. By end-user, the market is segmented into commercial aviation, military aviation, and general aviation. The report also covers the market sizes and forecasts for the aircraft tire market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).