Aircraft tire retreading refers to the remanufacturing of tires. It is done by replacing the tread or rubber on used and worn tires. It is gaining popularity owing to its cost-effectiveness. In Market Research Future (MRFR)’s report, it has been suggested that the global aircraft tire retreading market is set to mark 4% CAGR during the review period 2018 to 2023. The process of remanufacturing tires is likely to gain quick mileage over the next couple of years. This, in turn, is p0oised to lead the expansion of the global market over the forecast period.
Remanufacturing of tires supports the goals of environmental protection. This, in turn, is poised to develop the aircraft tire retreading market by boosting demand in the years to come. The rising efforts for controlling the carbon footprints have led to the ongoing trend of recycling and remanufacturing. Thus, the report reveals that the global aircraft tire retreading market is anticipated to remain lucrative in the forthcoming years. The eco-friendly feature of the product is poised to emerge as its USP over the years.
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Low maintenance cost is one of the most crucial drivers of the aircraft tire retreading market. It is forecasted to impact the expansion of the global market positively in the foreseeable future. In addition, the increasing demand can also be attributed to the rise in global air traffic. An increase in the middle-income population is prognosticated to lead the growth of the aircraft tire retreading market in the nearby future. In addition, the investments in the fleet expansion are also poised to support market growth during the projection period. However, the current backlogs in the delivery of commercial aircraft are anticipated to check the growth of the aircraft tire retreading market in the foreseeable future.
Bridgestone Corporation (Japan), Michelin (France), Oliver Tyre Group (South Africa), The Goodyear Tyre & Rubber Company (US), Marangoni SpA (Italy), Apollo Tyre Ltd (India), Wilkerson Company, Inc. (US), Aviation Tyre & Treads LLC (US), Desser Tire & Rubber Co., LLC (US), SAIC (China), and Dunlop Aircraft TyreLimited (UK) are some of the major manufacturers participating in the global aircraft tire treading market.
- Tire manufacturers
- Aircraft manufacturers
- Defense organizations
- Government authorities
- Defense companies
- Research institutes
- Regulatory bodies
The global aircraft tire retreading market has been divided on the basis of process. The divisions are – pre-cure and mold-cure. Among these, the pre-cure segment is expected to lead the expansion of the market over the forecast period, expanding at a higher CAGR. The key advantages of the process, such as flexibility and low investment cost. These are projected to lead the proliferation of the segment over the next couple of years.
The segments of the aircraft tire retreading market, based on aircraft type, are commercial and military. Among these, the commercial segment is poised to dictate the expansion of the market in the upcoming years. Meanwhile, the military segment is assessed to strike a higher CAGR during the review period owing to increasing military expenditure in certain regions.
The regional segments of the global aircraft tire retreading market are – North America, Asia Pacific, Europe, and the Rest of the World (RoW). North America held the forefront position in 2017. It is likely to account for a prominent share of the market in the nearby future owing to the consolidation of major players such as Boeing and Lockheed Martin Corporation. Asia Pacific also resonates strong growth potential and is assessed to register the fastest growth rate over the next few years. The region has gained popularity as a manufacturing hub due to the availability of low-cost labor and favorable regulations. The aircraft tire retreading market in the region is expected to benefit from the rising air traffic.
The market values and forecast are derived using the MRFR research methodology, which includes secondary research, primary interviews, data triangulation and validation from an in-house data repository, and statistical modeling tools.
In this process, data is collected from various secondary sources, including annual reports, SEC filings, journals, government associations, aerospace & defense magazines, white papers, corporate presentations, company websites, and paid databases.
In this process, both the demand- and supply-side parties are interviewed to extract facts and insights into the market forecast, production, trends, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain are approached to obtain key information.
- Market Sizing, Forecast, and Analysis: Detailed coverage of the market segment and sub-segments
- Regional/Country Trends and Forecast: Detailed analysis of the market in North America, Asia-Pacific, Europe, Middle East & Africa, and Latin America, along with key countries in each region
- Market Dynamics Intelligence: Market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis
- Technology Trends, Regulatory Landscape, and Patent Analysis Outlook
- Competitive Intelligence: Market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions
- Regional attractiveness and related growth opportunities
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List of Tables
Table 1 Global Aircraft Tire Retreading Market, by Region, 2018-2023
Table 2 North America: Aircraft Tire Retreading Market, by Country, 2018-2023
Table 3 Europe: Aircraft Tire Retreading Market, by Country, 2018-2023
Table 4 Asia-pacific: Aircraft Tire Retreading Market, by Country, 2018-2023
Table 5 Rest of the World: Aircraft Tire Retreading Market, by Region, 2018-2023
Table 6 Global Aircraft Tire Retreading Market Size, by Region, 2018-2023
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top-down & Bottom-up Approaches
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
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