Middle East And Africa Commercial Aviation Aircraft Tire Market Size, Share, Opportunities, And Trends By Type (Radial, Bias), By Aircraft Type (Single-Aisle, Wide Body), By Position (Nose Landing Gear, Main Landing Gear), By End User (OEM, Aftermarket), And By Country - Forecasts From 2023 To 2028
- Published : Jun 2023
- Report Code : KSI061615471
- Pages : 90
The Middle East and Africa commercial aviation aircraft tire market is expected to grow at a CAGR of 5.44% from US$148.224 million in 2021 to US$214.791 million in 2028.
Commercial aviation aircraft tires are made of strong, heat-resistant materials with advanced tread patterns to provide a grip on runways in various weather conditions. These tires must operate safely at high speeds and temperatures and handle multiple takeoffs and landings without compromising safety or performance. The Middle East and Africa region is witnessing a significant increase in demand for commercial aviation aircraft tires as air travel gains popularity. The growing population, flourishing tourism industry, and innovative business activities have propelled the region's airline expansion and aircraft modernization. Ensuring safety in the aviation industry remains a top priority, leading airlines to prioritize high-quality and long-lasting aircraft tires to ensure safe operations during takeoffs and landings. The importance of durable and reliable aircraft tires is highlighted as the region's aviation industry continues to grow and demand for these tires increases.
Growing tourism is driving the demand for commercial aviation aircraft tires.
According to a report by African Airlines Association in 2022, despite the challenges posed by the COVID-19 pandemic, the commercial aviation industry is showing signs of growth in 2021, as per the report by The United Nations World Tourism Organization. The number of international tourist arrivals increased to an estimated 446 million worldwide. The Middle East and Africa also saw improvements, with a 7.9% increase compared to 2020. As the aviation industry in the Middle East and Africa expands, the demand for commercial aviation aircraft tires is also increasing. With the rising number of aircraft in operation, airlines prioritize high-quality and durable tires to ensure safe takeoffs and landings. Key players in the region's aviation industry, such as ACC Aviation and ATR, are investing in innovation and maintaining strong partnerships to provide superior solutions to clients. Additionally, NAS, a growing aviation services provider in emerging markets, is present in over 60 airports across the Middle East and Africa, highlighting the region's growing importance in the global aviation market.
New product launches.
Kordsa, one of the global leaders in reinforcement technologies, has made significant investments to become one of the key players in the commercial aviation industry. According to the company's 2021 annual report, in 2019, Kordsa acquired Axiom Materials, which produces high-tech materials such as prepregs, adhesive films, and surface films for the aviation industry. With this acquisition, Kordsa completed its high-tech composite intermediate product range and expanded its global footprint. Today, Kordsa reinforces 2 out of every three aircraft tires in the world, making it a competitive market player in the production of aircraft tires in the Middle East and Africa region. Kordsa's cutting-edge technologies enable it to develop environmentally friendly products that reduce fuel use and improve traction in the tire industry without compromising safety. Overall, Kordsa's innovative solutions are driving the growth of commercial aviation aircraft tires in the Middle East and Africa.
Radial tires are becoming increasingly popular in the region.
By type, the Middle East and Africa commercial aviation aircraft tire market is divided into radial and bias. Radial tires are known for reducing rolling resistance, which can lead to lower fuel consumption and emissions. With aircraft manufacturers continuing to focus on fuel efficiency and reducing operating costs, the demand for radial tires is expected to grow in the coming years.
The growing preference for wide-body aircraft is contributing to the segment's growth.
The Middle East and Africa commercial aviation aircraft tire market is segmented by aircraft type into single-aisle and wide-body. As the economies in the region continue to grow, more people can afford premium travel, which has led to an increase in demand for larger, more comfortable aircraft. Wide-body aircraft are ideal for this type of travel, as they offer more legroom, wider seats, and enhanced amenities such as lie-flat beds and in-flight entertainment systems.
Middle East And Africa Commercial Aviation Aircraft Tire Market Scope:
Report Metric | Details |
Market Size Value in 2021 | US$148.224 million |
Market Size Value in 2028 | US$214.791 million |
Growth Rate | CAGR of 5.44% from 2021 to 2028 |
Base Year | 2021 |
Forecast Period | 2023 – 2028 |
Forecast Unit (Value) | USD Million |
Segments Covered | Type, Aircraft Type, Position, End User, and Country |
Regions Covered | Saudi Arabia, UAE, Israel, South Africa, Others |
Companies Covered | MICHELIN, The Goodyear Tire & Rubber Company, Dunlop Aircraft Tyres Limited, Bridgestone Group, TNR International |
Customization Scope | Free report customization with purchase |
Market Segmentation:
- By Type
- Radial
- Bias
- By Aircraft Type
- Single-Aisle
- Wide Body
- By Position
- Nose Landing Gear
- Main Landing Gear
- By End User
-
- OEM
- Aftermarket
- By Country
- Saudi Arabia
- UAE
- Israel
- South Africa
- Others
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Research Process
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. MIDDLE EAST AND AFRICA AVIATION AIRCRAFT TIRE MARKET BY TYPE
5.1. Introduction
5.2. Radial
5.3. Bias
6. MIDDLE EAST AND AFRICA AVIATION AIRCRAFT TIRE MARKET BY AIRCRAFT TYPE
6.1. Introduction
6.2. Single-Aisle
6.3. Wide Body
7. MIDDLE EAST AND AFRICA AVIATION AIRCRAFT TIRE MARKET BY POSITION
7.1. Introduction
7.2. Nose Landing Gear
7.3. Main Landing Gear
8. MIDDLE EAST AND AFRICA AVIATION AIRCRAFT TIRE MARKET, BY END-USER
8.1. Introduction
8.2. OEM
8.3. Aftermarket
9. MIDDLE EAST AND AFRICA AVIATION AIRCRAFT TIRE MARKET, BY COUNTRY
9.1. Introduction
9.2. Saudi Arabia
9.3. UAE
9.4. Israel
9.5. South Africa
9.6. Others
10. COMPETITIVE ENVIRONMENT AND ANALYSIS
10.1. Major Players and Strategy Analysis
10.2. Emerging Players and Market Lucrativeness
10.3. Mergers, Acquisitions, Agreements, and Collaborations
10.4. Vendor Competitiveness Matrix
11. COMPANY PROFILES
11.1. MICHELIN
11.2. The Goodyear Tire & Rubber Company
11.3. Dunlop Aircraft Tyres Limited
11.4. Bridgestone Group
11.5. TNR International
MICHELIN
The Goodyear Tire & Rubber Company
Dunlop Aircraft Tyres Limited
TNR International
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