Market Analysis
Global Aircraft Tire Retraining Market is expected to grow rapidly during the forecast period due to significant drivers such as increased air traffic and improved focus on aircraft modernization programs. There has been a substantial rise in air travel over the last five years. In order to increase their market dominance, airlines are growing and adding new routes that have created the demand for new aircraft. Moreover, growing concerns about aviation safety are yet another driving force behind the growth of the market. The backlog of new commercial aircraft deliveries may have a negative effect on the growth of the market during the forecast period. However, lower costs and eco-friendly procedures will provide opportunities for the growth of aircraft tire market in the coming years.
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Key Players
The key players in the Global Aircraft Tire Retreading Market are Bridgestone Corporation (Japan), The Goodyear Tyre & Rubber Company (US), Michelin (France), Marangoni SpA (Italy), Wilkerson Company, Inc. (US), Apollo Tyre Ltd (India) Aviation Tyre & Treads LLC (US), SAIC (China), Desser Tire & Rubber Co., LLC (US), Oliver Tyre Group (South Africa), and Dunlop Aircraft TyreLimited (UK).
Segmentation
Global Market of aircraft tire retreading has been divided by process, application, and region.
Based on the type of aircraft, the market has been split into commercial and military aircraft. The commercial segment dominated the market in 2017 due to factors such as increasing passenger traffic and the rising number of aircraft produced. Nonetheless, the military segment is projected to exhibit higher CAGR during the review period due to increased military spending in developing economies.
By region, the Global Aircraft Tire Retreading Market has been segmented into Europe, North America, Latin America, the Middle East & Africa, and the Asia Pacific.
Key Insights
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