Written by Global Aircraft Tire Retreading Market Outlook
Aircraft Tire Retreading Market was valued at USD 3.3312 billion in 2023 and is projected to grow to USD 4.7825 billion by 2030, exhibiting a CAGR of 4.10% during 2024-2030. Key drivers include increased demand for the cold retreading process and rising costs of new tires.
The Global Aircraft Tire Retreading Market refers to the worldwide market for retreading or refurbishing aircraft tires. Aircraft tires are crucial components of an aircraft’s landing gear system, providing support, cushioning, and traction during takeoff, landing, and taxiing. Over time, aircraft tires undergo wear and tear due to regular use, leading to reduced tread depth and performance.
The market is also influenced by factors such as technological advancements in tire retreading processes, the availability of suitable raw materials, industry regulations, and the competitive landscape among retreading service providers.
Segment Analysis
The Global Aircraft Tire Retreading Market has been segmented based on process type and aircraft type.
On the basis of process type, the market is segmented into pre-cure and mold-cure. Pre-cure is a tire retreading process where the tread of the worn-out tire is removed before a new tread with a new tread design is wrapped and spliced by making use of a bonding agent known as cushion gum.
Based on aircraft type, the market has been segmented into commercial and military. The commercial segment led the market due to factors like rising passenger volume and an increase in the production of aircraft.
Regional Analysis
The Global Aircraft Tire Retreading Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Aircraft Tire Retreading Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Aircraft Tire Retreading Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Global Aircraft Tire Retreading Market comprises of Middle East, Africa, and Latin America.
North America has a significant presence in the aircraft tire retreading market. The demand for aircraft tire retreading services is driven by the extensive aviation industry, including commercial airlines, business aviation, and military aviation.
Europe also holds a prominent position in the aircraft tire retreading market. European countries emphasize sustainability and environmental concerns, making aircraft tire retreading an attractive option due to its waste reduction and cost-effectiveness.
The Asia-Pacific region is experiencing significant growth in the aviation industry, driven by expanding air travel, economic development, and increasing defense budgets. Countries like China and India are witnessing substantial growth in their commercial and military aviation sectors, which contributes to the demand for aircraft tire retreading services.
Furthermore, the rest of the world’s Global Aircraft Tire Retreading Market is divided into the Middle East, Africa, and Latin America. Latin America has a growing aviation industry. The region’s increasing air travel and cargo transportation drive the demand for aircraft tire retreading services to reduce maintenance costs and ensure operational efficiency.
MRFR recognizes the following companies as the key players in the Global Aircraft Tire Retreading Market— Bridgestone Corporation, The Goodyear Tyre & Rubber Company, Michelin, Marangoni SpA, Wilkerson Company Inc., Apollo Tyre Ltd, Aviation Tyre & Treads LLC, SAIC, Desser Tire & Rubber Co. LLC, Oliver Tyre Group and Dunlop Aircraft Tyre Limited.
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