Sarasota, FL -- (SBWIRE) -- 04/23/2019 -- Zion Market Research has published a new report titled "Aircraft Tires Market by Product (Bias and Radial), by Platform (Rotary Wing and Fixed Wing), by Distribution Channel (Original Equipment Manufacturers and Maintenance, Repair & Overhaul), and by Application (Commercial Aircrafts, Military Aircrafts, Helicopters, Spacecraft, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025". According to the report, global aircraft tires market accounted for USD 1.26 billion in 2018 and is expected to reach USD 1.75 billion globally by 2025, at a CAGR of 4.8% between 2019 and 2025.

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Aircraft tires are specifically designed to withstand heavy load. The number of tires required for an aircraft increases with the increase in the aircraft weight. The measure for aircraft tires is the number of landings and not mileage. The average life of commercial aircraft tires is between 250 and 300 landings, whereas, for military fighter plane tires, it is between 20 and 50 landings.

The global aircraft tires market is expected to grow notably in the future, due to the ever-increasing commercial airline sector. In 2017, the commercial airline sector made a revenue of about USD 755 billion in comparison to USD 721 billion in 2015. Furthermore, the overall passenger traffic increased by 0.5% and reached 8% in 2017. By the end of 2019, this sector is estimated to reach USD 885 billion. In 2016, it was estimated that airplanes carried around 3.8 billion passengers on scheduled services, i.e., an increase of 7% from 2015. This rise in passengers will fuel the demand for new aircrafts of huge capacity, which, in turn, will drive the global aircraft tires market in the years ahead. However, strict regulations and a limited number of manufacturers are anticipated to have an adverse effect over the aircraft tires market growth on a global scale. Alternatively, technological advancements in the manufacturing process will open new avenues for the aircraft tires market globally in the future.

The global aircraft tires market is segmented on the basis of product, platform, distribution channel, and application. Based on the product, the global aircraft tires market is bifurcated into radial and bias. The radial segment is anticipated to hold a significant market share over the estimated time period. The platform segment comprises a rotary wing and fixed wing. By distribution channel, the aircraft tires market includes original equipment manufacturers (OEMs) and maintenance, repair, & overhaul (MRO). The original equipment manufacturers (OEMs) segment is projected to rise at a notable rate in the future, owing to the rising number of aircrafts manufactured. The application segment comprises commercial aircrafts, military aircrafts, helicopters, spacecraft, and others.

North America is anticipated to hold a considerable share of the global aircraft tires market over the forecast time period. The U.S. is considered as a prime contributor to the upsurge of the North American aircraft tires market in the future, owing to the rising investments made in aerospace and defense sectors. The European region is expected to witness significant growth in the demand for aircraft tires due to the increasing number of aircrafts and the presence of top aircraft manufacturers, such as the United Aircraft Corporation and Airbus.

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Some major players of the global aircraft tires market are Goodyear Tire & Rubber Company, Bridgestone Corporation, Michelin, Dunlop Aircraft Tyres Ltd., Wilkerson Company, Inc., Desser Tire & Rubber Co., Petlas Tire Corporation, Qingdao Sentury Tire, Aviation Tires & Treads, and Specialty Tires of America, Inc.

This report segments the global aircraft tires market into:

Global Aircraft Tires Market: Product Analysis

Bias
Radial

Global Aircraft Tires market: Platform Analysis

Rotary Wing
Fixed Wing

Global Aircraft Tires Market: Distribution Channel Analysis

Original Equipment Manufacturers (OEMs)
Maintenance, Repair, and Overhaul (MRO)

Global Aircraft Tires market: Application Analysis

Commercial Aircrafts
Military Aircrafts
Helicopters
Spacecraft
Others

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Global Aircraft Tires market: Regional Analysis

North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa