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Aircraft tires market forecast with a CAGR of 4.5% through 2026

  10/11/2018 - San Jose, CA - The Aircraft Tires market is set to demonstrate 4.5% CAGR during the forecast period from 2018 to 2026 according to Credenceresearch.com Aircraft tires are among the most complex and sophisticated engineered products onboard aircrafts. With properties withstand heavy loads at high velocities and extreme temperatures, the demand for aircraft tires is primarily governed by the consistently growing aviation sector worldwide. Asia Pacific is expected to emerge as the frontrunner in the market in the near future, surpassing the North America aircraft tires market. This can be attributed to rapidly growing number of air passengers and hence the aviation industry here. Additionally, growing spending over military aircrafts forms another important factor supporting the market growth. Aircraft tires market is segment based on tire type, design, tire assembly, tire tread, end-user, aircraft type and geography. Based on tire type, the market is led by type VII and type VIII segments due to their higher application commercial airliners. Further, based on geography, the market is currently led by North America and is expected to be surpassed by Asia Pacific in the near future. India and China are projected to emerge as the driving markets for aircraft tires. This is attributed to factors such as sharp increase in air passengers, growing air cargo and military aircraft budgets. For instance, Boeing Company delivered a record high of 202 aircrafts to China in the year 2017, which constituted nearly 26% of Boeing’s global aircraft deliveries in the same year. According to International Air Transport Association (IATA), China is expected to surpass the U.S. aviation sector by 2022, making it the largest aviation market. Similarly, in June 2017, the total aircraft orders by India reached 1,080, posing it to become the 3rd largest aviation market in the near future. The overall aircraft tires market is highly consolidated in nature with very limited companies operating in the market. Very few tire manufacturers possess the technology to produce high performance aircraft tires. This is primarily due to higher complexities involved in manufacturing these high performance tires. Michelin Group, Bridgestone Corporation, Goodyear Tire & Rubber Company, Dunlop Aircraft Tyres Ltd. are the top four companies operating in the market capturing more than 80% of the total market revenue generated worldwide. Due to limited number of new entrants in aircraft tire manufacturing, the market would continue its consolidated nature over the following years.

Thursday, February 21, 2019

Preferred Compounding relaunches Glo-Mold as GloMoldPlus. - click to expand

ARPM’s state of industry report reveals steady outlook for rubber manufacturers - click to expand

Ace Products & Consulting honored as a 2018 Cleveland Technology Award recipient - click to expand

Shoe insert market forecast at $53.1 billion by 2027 - click to expand

Sealing and strapping packaging tapes market is forecast at $22.1 billion by 2023 - click to expand

Wednesday, February 20, 2019

Cooper Tire and the United Steelworkers ratify new contract for Clarksdale, MS, facility - click to expand

Freudenberg Sealing Technologies launches new test stands for seals for electric powertrains - click to expand

Eastman Technology to present at the Tire Technology Expo in Hannover, Germany - click to expand

Acmos Chemie hires Ralph Lopez as vice president and general manager of newly formed rubber division - click to expand

Bridgestone Retail Operations raises nearly $2.8 million to support Boys & Girls Clubs of America - click to expand

Tuesday, February 19, 2019

3D Systems launches rubber-like 3D printing material for FabPro 1000 - click to expand

Adhesive tape market forecast at $73.5 billion by 2024 - click to expand

Cooper Tire announced its 188th consecutive quarterly dividend of 10.5 cents - click to expand

Yokohama Rubber increases sales for 2018, but decreases in profit - click to expand

Michigan Rubber Group announces speakers for its meeting in Grand Rapids Michigan for March 6, 2019 - click to expand

Cooper Tire and the United Steelworkers ratify new contract for Clarksdale, Mississippi facility - click to expand

Monday, February 18, 2019

Global elastomeric foam market forecast to reach $1.75 billion by 2023 - click to expand

Goodyear and Local Motors join forces on autonomous shuttles - click to expand

Canadian manufacturing activity declined in December - click to expand

Nokian Tyres selected as one of the most sustainable companies in the world - click to expand

Friday, February 15, 2019

Iowa State University researchers find method to improve rubber stability in asphalt - click to expand

Nokian Tyres begins hiring for new factory in Dayton, Tennessee - click to expand

Book of the Day: USA Rubber & Tire Industry Patents 2015-2017 - click to expand

Global surgical gloves market forecast at $1.7 billion by 2025 - click to expand

OTR tire market forecast to reach $7.2 billion by 2024 - click to expand

Thursday, February 14, 2019

American Sustainable Rubber Company appoints Timothy Madden as president - click to expand

Silicone and Thermoplastic Elastomers 2019 U.S. Summit abstracts due Friday, February 15 - click to expand

Nouryon completes organic peroxides expansion in Mexico - click to expand

Global silicone market forecast to reach $18.8 billion by 2022 - click to expand

Global medical tubing market forecast with a CAGR of 8.4 percent through 2026 - click to expand

Market Reports

Shoe insert market forecast at $53.1 billion by 2027 - click to expand

Sealing and strapping packaging tapes market is forecast at $22.1 billion by 2023 - click to expand

Adhesive tape market forecast at $73.5 billion by 2024 - click to expand

Global elastomeric foam market forecast to reach $1.75 billion by 2023 - click to expand

Global surgical gloves market forecast at $1.7 billion by 2025 - click to expand

OTR tire market forecast to reach $7.2 billion by 2024 - click to expand

Global silicone market forecast to reach $18.8 billion by 2022 - click to expand

Global silicon metal market forecast with a CAGR of 4.4% through 2025 - click to expand

Global medical tubing market forecast with a CAGR of 8.4% through 2026 - click to expand

Isoprene rubber latex market forecast to reach $1.17 billion by 2028 - click to expand

Bio-based polymers forecast to grow with a CAGR of 4 percent through 2023 - click to expand

Global aircraft tire market forecast to reach 2.51 billion by 2024 - click to expand

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