Aircraft Tire Market Information Report by product type (radial and bias), by application (commercial and defense), and by Region – Global Forecast to 2022
Market research future published a raw research report on global aircraft tire market that contains the information from 2016 to 2022. Aircraft tires market is expected to grow with the CAGR of approximately 6% from 2016 to 2022.
Taste the market data and market information presented through more than 85 market data tables and figures spread in 140 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “global aircraft tires market Information from 2016 to 2022.
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Industry/ Innovation/ Related News:
June, 2017 – Private equity firm Liberty Hall Capital Partners L.P. acquired Dunlop Aircraft Tyres Ltd. for $135 million from AAC Capital Partners and other shareholders. AAC Capital Partners has been the Birmingham, England-based tire maker’s majority owner since 2007.
December, 2016– Bridgestone Corporation announced planned to construct two new manufacturing plants in Thailand. One plant will produce new aircraft tires, while the second plant will produce retread aircraft tires. The total investment will be approximately JPY15.0 billion (USD 150 million*2) and both new plants are scheduled to start production in December 2019. The Bridgestone Group has been operating in Thailand for roughly half a century, and the establishment of new plants in this country is expected to further contribute to its economic and industrial development.
December, 2015 – The Goodyear Tire & Rubber Company was selected by The Boeing Company to provide nose and main landing gear tires for its new 777X aircraft, which is scheduled for delivery in 2020. Building on the success of the Boeing 777 and 787 Dreamliner, the Boeing 777X will be the largest and most efficient twin-engine jet in the world, unmatched in every aspect of performance, according to Boeing officials
June, 2015 – Intralogistics automation specialist, Cimcorp, secured the biggest order in its history from Chinese tire manufacturer, Qingdao Sentury Tire Co Ltd, for a turnkey material handling solution at its new factory in Thailand. The order, valued at nearly 30 million euros, is for a fully automated handling system based on Cimcorp’s Dream Factory solution and will cover the handling of PCR (passenger car radial) green tires from the tire-building machines to the curing presses, as well as finished tire sorting, palletizing, warehousing and shipping.
Aircraft Tire Market Scenario:
Aircraft tires are generally used in the performance of the aircraft. They are produced with different kind of materials such as steel, nylon cord, artificial and natural rubber and others. The strength of the tire is provided by casing plies. These are layer of fabric cord which are coated with hi-modulus rubber on both the side. There are different aircraft tire manufacturers who provides tire to civil and military segments so as to serve air force and naval force.
One of the factor which drives the growth of aircraft tires market is increasing demand for aircraft due to network expansion by new airlines, growing demand for aircraft that are fuel efficient. Various other factors which are responsible for the growth of aircraft tires market are increasing safety, frequent tire replacement, rise in traffic due to passenger. Frequent replacement of tires is required so as to provide safety for the passengers due to which there is growing need for the safety which indirectly drives the aircraft tires market. There is a surge for the demand for advanced and new aircraft so as to replace the old ones by various factors such as expansion of network by new airlines so as to boost the demand of aircraft tires.
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The report has been analyzed based on product type, application and region. On the basis of product type, bias segment has been dominating the aircraft tires market during the forecast period due to the growing demand of air travel and replacement of aircraft tires frequently. Based on the application, commercial segment dominate the aircraft tire segment due to the requirement by the commercial aircraft manufacturer to improve the efficiency of aircraft operation. This is done by reducing the weight of the tire.
Regional Analysis : Asia-Pacific has accounted for the largest market share during the forecast period.
Asia-Pacific region is witnessing the highest growth during the forecasted period because of the increase in the demand of commercial airlines segment which will result in the growth of the aircraft tires market. There are various other factors responsible for the growth in these region such as increasing government spending for infrastructure development, liberalization and growth in GDP.
The recognize the key players in aircraft tire market as :
- 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
- Wilkerson Company Inc. (Wco)
This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global aircraft tires market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.
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