Aircraft Retread Tires Market By Process Type (Pre Cure and Mold Cure), By Aircraft Type (Commercial and Defense), By Tire Type (Type III, Type VII, Type VIII (Three Part Type), and Metric), By Design (Bias Ply Tires and Radial Ply Tires), By Tire Assembly (Tubeless Tires and Tubed Tires) – Growth, Future Prospects and Competitive Analysis, 2019 - 2027

The aircraft retread tires market worldwide is projected to rise with a CAGR of 4.2% during the estimated period from 2019 to 2027, starting from US$ 692.3 Mn in 2018. The growth of commercial aviation worldwide is the major factor driving the aircraft retread tires market. Focus on less operating cost of the aircraft and rising international tourism are the other major factors for market growth. Eco-friendly, safe & secure, low cost and other benefits of retread tires will boost the demand for the market. Increasing penetration of retread tires in the defense sector will also surge the demand for aircraft retread tires market. Subsequently, the demand for aircraft retread tires will be strong during the forecast period. 

Defense Segment to be the Fastest Growing Segment

The global aircraft retread tires market by aircraft type is segmented into commercial and defense. In 2018, the commercial segment led the global aircraft retread tires market. The commercial segment contributed over 60% of the global revenue share in the same year. The segment is primarily driven by growing passenger traffic and expansion at new routes by airlines. On the other flip of the coin, the defense segment to be the fastest growing segment due to the rising adoption of retread tires in the defense aircraft. Increased government investments for the defense sector in the Asia Pacific region will be another major factor driving the growth for the defense segment. Thus, the demand for aircraft retread tires will be more in the defense segment.

Asia Pacific to be the Fastest Growing during the Forecast Period

In 2018, North America was the largest value contributor in the global aircraft retread tires market followed by Asia Pacific. North America contributed to around 60% of the global revenue share in the same year. North America has its dominance due to the extensive use of retread tires in the aircraft industry. On the other hand, we presume that Asia Pacific is set to register the fastest growth during the forecast period owing to rising air traffic and increased government investments in the defense sector. Emerging economies such as China and India will be the major contributor in the Asia Pacific aircraft retread tires market.

Some of the prominent players operating in the aircraft retread tires market include Bridgestone Corporation, Goodyear Tire & Rubber Company, Desser Tire & Rubber Co LLC, Marangoni S.p.A., Michelin Group, Oliver Rubber Company, Qingdao Sentury Tire Co., Ltd.,  Dunlop Aircraft Tyres Ltd. , Wilkerson Co, Inc., and others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027. 

Report Scope by Segments

The aircraft retread tires market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global aircraft retread tires market based on process type, aircraft type, tire type, design, tire assembly, and geography. Key segments covered in the report are as follows: 

Key questions answered in this report

• What was the market size of aircraft retread tires in 2018 and forecast up to 2027?
• Which is the largest regional market by revenue for aircraft retread tires?
• What are the major trends followed in overall aircraft retread tires across different regions?
• What are the key market trends and high-growth opportunities observed in the aircraft retread tires market?
• What are the drivers of the aircraft retread tires market?
• Who are the key aircraft retread tires companies leading the market?
• What are the key strategies adopted by the leading aircraft retread tires companies in the market?