Lewes, DE -- (SBWIRE) -- 03/17/2016 -- Report forecast the global aircraft tire aftermarket to grow at a CAGR of 5.12% during the period 2016-2020.

The global aircraft tire vendors manufacture and distribute aircraft tires to two segments — OEMs and aftermarket. The OEMs segment mainly includes aircraft manufacturers that purchase tires for newly built aircraft. The aftermarket segment consists of fleet owners and maintenance companies that purchase tires to replace the worn-out tires from aircraft that are already in operation.

Compared to the aftermarket segment, the OEMs segment contributes a smaller share to the overall market revenue. This is due to the slow growth in global fleets and the once-in-a-lifetime purchase of an aircraft. On the other hand, the aftermarket segment dominates the market due to higher demand for aircraft tire replacement to ensure passenger safety.

The report covers the present scenario and the growth prospects of the global aircraft tire aftermarket for 2016-2020.

The market is divided into the following segments based on geography:
- North America
- APAC
- Europe
- ROW

According to the report, stable economic conditions across the world have caused an increase in disposable income. This increase has changed the consumer attitude toward holiday and tourism, encouraging them to travel more. High disposable income is the sign of a strong economy and leads to increased spending on tourism.

Further, the report states that due to volatile market conditions, independent dealers are operating at low profit margins

Global Aircraft Tire Aftermarket 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Aircraft Tire Aftermarket: Bridgestone, Michelin, and Goodyear.

Other independent dealers analyzed in this market research are Aircraft Spruce and Specialty, Avioparts, Chief Aircraft, Desser Tire and Rubber, KADEX Aero Supply, and Specialty Tires of America.

Market driver
- Increase in disposable income
- For a full, detailed list, view our report

Market challenge
- Volatile raw material prices
- For a full, detailed list, view our report

Market trend
- Growing MRO business in emerging markets
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 55 pages and 32 Exhibit "Global Aircraft Tire Aftermarket 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, World economic outlook, Aircraft tire industry overview, Value chain of aircraft tire aftermarket, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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