Aircraft Tire Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

 By end user, the commercial aviation market is expected to witness significant growth during the forecast period. The increasing number of commercial aircraft deliveries in various countries owing to the growing air passenger traffic is the main reason for the growth of the market during the forecast period. According to Airbus, the company till September 2022, received a total order of 647 aircraft in as compared to 133 aircraft orders received during the same period last year. In addition, Airbus claims that its production backlog reached 7,294 aircraft in September 2022. Out of the 647 aircraft orders, the company delivered 437 aircraft by end of September 2022 as compared to 424 aircraft in September 2021. Moreover, the commercial order backlog of Boeing stood to 4354 aircraft. As so September 2022, Boeing announced that they have delivered 328 aircraft including 26 737 MAX aircraft. On the other hand, the fleet modernization plans of airlines have led to a surge in the number of aircraft orders. With the higher flight activity of commercial aircraft, the wear and tear of tires are higher, thereby generating demand for aftermarket tires. Various global airlines are partnering with aircraft tire manufacturers to support the regular tire replacement demand and this will lead to a growth in aircraft tires for commercial aviation during the forecast period.

By end user, the commercial aviation market is expected to witness significant growth during the forecast period. The increasing number of commercial aircraft deliveries in various countries owing to the growing air passenger traffic is the main reason for the growth of the market during the forecast period. According to Airbus, the company till September 2022, received a total order of 647 aircraft in as compared to 133 aircraft orders received during the same period last year. In addition, Airbus claims that its production backlog reached 7,294 aircraft in September 2022. Out of the 647 aircraft orders, the company delivered 437 aircraft by end of September 2022 as compared to 424 aircraft in September 2021. Moreover, the commercial order backlog of Boeing stood to 4354 aircraft. As so September 2022, Boeing announced that they have delivered 328 aircraft including 26 737 MAX aircraft. On the other hand, the fleet modernization plans of airlines have led to a surge in the number of aircraft orders. With the higher flight activity of commercial aircraft, the wear and tear of tires are higher, thereby generating demand for aftermarket tires. Various global airlines are partnering with aircraft tire manufacturers to support the regular tire replacement demand and this will lead to a growth in aircraft tires for commercial aviation during the forecast period.


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