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Aircraft Tire Market Size

  • Report ID: GMI4618
  • Published Date: Nov 2024
  • Report Format: PDF

Aircraft Tire Market Size

The global aircraft tire market was valued at USD 2.1 billion in 2024 and is estimated to grow at a CAGR of 5.2% from 2025 to 2034.

 

The aircraft tire industry is growing as airlines seek ways to save fuel and cut costs. New lightweight tire designs, like advanced radial tires, help reduce aircraft weight. This leads to lower fuel use and longer flights. These tires also last longer and perform better, allowing more landings per tire. As a result, airlines need less frequent maintenance, saving time and money. These improvements fit well with the industry's goals of reducing expenses and environmental impact, making these new tire technologies very attractive to commercial airlines.
 

For instance, in June 2023, at the 54th Paris Air Show, Michelin debuted the Air X Sky Light tire, a revolutionary radial tire technology designed specifically for commercial aviation. Now launching in the North American market, this new generation of aviation tires enables airlines to reduce both weight and costs, thereby enhancing profitability. With a reduced overall tire weight of 10-20%, the Michelin Air X Sky Light tire offers improved long-term performance and an extended lifespan, with Landing Per Tread (LPT) increased by an additional 10-20% over previous generations.
 

The aircraft tire market is shifting towards innovation, sustainability, and cost-efficiency. Airlines and manufacturers seek fuel savings and reduced environmental impact, driving demand for lightweight, durable tires. Smart tires with sensors and eco-friendly materials are emerging trends. Growth in emerging markets and low-cost carriers will boost tire consumption. The industry focuses on longer-lasting tires with better Landing Per Tread (LPT) and sustainability goals is reshaping product development and customer preferences.

Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

The global market size for aircraft tire was valued at USD 2.1 billion in 2024 and is projected to reach USD 3.4 billion by 2034, driven by a CAGR of 5.2% from 2025 to 2034.

The radial ply segment held a market size of USD 1.5 billion in 2024 and is expected to grow significantly due to its durability and fuel efficiency.

The North America market is expected to exceed USD 1.5 billion by 2034, driven by increased air traffic and demand for high-performance tires.

Major players in the industry include Aviation Tires & Treads, Bridgestone, Desser, Dunlop Aircraft Tyres, Goodyear, Michelin, Petlas, PGZ Stomil Poznan, Qingdao Sentury Tire, and Specialty Tires of America.

Aircraft Tire Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 10
  • Tables & Figures: 334
  • Countries covered: 18
  • Pages: 210
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