Europe Aircraft Tires Market Size (2024 - 2029)

The Europe Aircraft Tires Market is experiencing growth driven by the expanding aircraft fleet size in the region, which is a response to the rising demand for air travel. This growth is particularly notable in the commercial and military sectors, where the procurement of new-generation aircraft is a key factor. However, the market faces challenges due to stringent certification requirements for aircraft tires, which involve costly testing procedures. Additionally, macroeconomic factors pose risks to market players, impacting their liquidity and profitability. Despite these challenges, the increasing focus on urban and advanced air mobility solutions presents opportunities for the development of specialized tires to meet the needs of these emerging vehicles.

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Market Size of Europe Aircraft Tires Industry

Europe Aircraft Tires Market Summary
Study Period 2019-2029
Base Year For Estimation 2023
Market Size (2024) USD 475.33 Million
Market Size (2029) USD 670.07 Million
CAGR (2024 - 2029) 7.11 %
Market Concentration Medium

Major Players

Europe Aircraft Tires Market Major Players

*Disclaimer: Major Players sorted in no particular order

Europe Aircraft Tires Market Analysis

The Europe Aircraft Tires Market size is estimated at USD 475.33 million in 2024, and is expected to reach USD 670.07 million by 2029, growing at a CAGR of 7.11% during the forecast period (2024-2029).

The European aviation industry is evolving rapidly, and airlines are expanding their aircraft fleet size to catch up with the demand for air travel. The procurement of new-generation aircraft in the commercial and military sectors is one of the major reasons for the growth of the aircraft tires market in the region.

Designing and constructing aircraft tires that meet the stringent requirements imposed by different agencies poses an exceedingly formidable challenge. All tires must undergo rigorous testing procedures that necessitate the use of costly equipment to obtain certification. Before receiving official certification, a diverse range of testing tools must be employed on an aircraft tire.

The European aircraft tires market is negatively affected by macroeconomic factors that affect the market players and render them vulnerable to liquidity and cash flow disruptions. This also affects their profitability and R&D initiatives.

The commercial and military aircraft fleets of various countries are experiencing growth. There has been a significant expansion in the size of commercial airline fleets, encompassing narrow-body aircraft, wide-body aircraft, and regional transport aircraft across different nations. This trend can be attributed to the global demand for air travel, particularly in the emerging economies within the region.

Urban air mobility and advanced air mobility solutions exhibit tremendous potential in addressing the congestion issue. The increasing utilization of these mobility solutions presents an opportunity to develop advanced tires that are tailored to meet the requirements of these airborne vehicles.

Europe Aircraft Tires 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 airplane's weight 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 (assembled on the inside of the wheels), and they 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 European aircraft tire market is segmented based on type, supplier, end user, and geography. By type, the market has been divided into radian and bias. By supplier, the market has been divided into OEM and aftermarket. By end user, the market has been segmented into commercial aviation, military aviation, and general aviation. The report also offers the market size and forecasts for five countries across the region. For each segment, the market size is provided in terms of value (USD).

By Type
Radial
Bias
By Supplier Type
OEM
Aftermarket
By End User
Commercial Aviation
Military Aviation
General Aviation
By Country
Germany
United Kingdom
France
Italy
Russia
Rest of Europe
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Europe Aircraft Tires Market Size Summary

The European aircraft tires market is poised for significant growth, driven by the expansion of both commercial and military aircraft fleets across the region. The increasing demand for air travel, particularly in emerging economies, is prompting airlines to expand their fleets, which in turn fuels the need for new aircraft tires. The market is characterized by the procurement of new-generation aircraft, which presents both opportunities and challenges. Designing and manufacturing aircraft tires that meet stringent regulatory requirements necessitates substantial investment in testing and certification processes. Despite macroeconomic challenges that impact liquidity and profitability, the market remains resilient, with advancements in urban and advanced air mobility solutions offering new avenues for tire development.

Commercial aviation continues to dominate the European aircraft tires market, with a strong focus on expanding and introducing new routes. The success of low-cost carriers in emerging markets has boosted the demand for single-aisle aircraft, while the need for wide-body aircraft for longer routes is also on the rise. The market is semi-consolidated, with major players like Michelin Group and Goodyear Tire and Rubber Company leading investments in research and development to innovate tire technologies. The United Kingdom's mature aerospace industry, supported by robust R&D investments, plays a pivotal role in the market's growth. Collaborations and long-term contracts between tire manufacturers and aircraft OEMs, such as Goodyear's partnership with Airbus, underscore the industry's commitment to sustainability and technological advancement.

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Europe Aircraft Tires Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Radial

      2. 2.1.2 Bias

    2. 2.2 By Supplier Type

      1. 2.2.1 OEM

      2. 2.2.2 Aftermarket

    3. 2.3 By End User

      1. 2.3.1 Commercial Aviation

      2. 2.3.2 Military Aviation

      3. 2.3.3 General Aviation

    4. 2.4 By Country

      1. 2.4.1 Germany

      2. 2.4.2 United Kingdom

      3. 2.4.3 France

      4. 2.4.4 Italy

      5. 2.4.5 Russia

      6. 2.4.6 Rest of Europe

Europe Aircraft Tires Market Size FAQs

The Europe Aircraft Tires Market size is expected to reach USD 475.33 million in 2024 and grow at a CAGR of 7.11% to reach USD 670.07 million by 2029.

In 2024, the Europe Aircraft Tires Market size is expected to reach USD 475.33 million.

Europe Aircraft Tires Market Report Snapshots

Europe Aircraft Tires Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)