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Europe Aircraft Tires Market Analysis

The Europe Aircraft Tires Market size is estimated at USD 475.33 million in 2024, and is expected to reach USD 670.07 million by 2029, at a CAGR of 7.11% during the forecast period (2024-2029).

The European aviation industry is evolving rapidly, and airlines are expanding their aircraft fleet size to catch up with the demand for air travel. Procuring new-generation aircraft in the commercial and military sectors is one of the primary reasons for the growth of the aircraft tire market in the region.

Designing and constructing aircraft tires that meet the stringent requirements imposed by different agencies poses an exceedingly formidable challenge. All tires must undergo rigorous testing procedures that require costly equipment to obtain certification. Before receiving official accreditation, a diverse range of testing tools must be employed on an aircraft tire.

The European aircraft tire market is negatively affected by macroeconomic factors that affect the market players and render them vulnerable to liquidity and cash flow disruptions. This also affects their profitability and R&D initiatives.

The commercial and military aircraft fleets of various countries are experiencing growth. There has been a significant expansion in the size of commercial airline fleets, encompassing narrow-body aircraft, wide-body aircraft, and regional transport aircraft across different nations. This trend can be attributed to the global demand for air travel, particularly in the emerging economies within the region.

Urban air mobility and advanced air mobility solutions exhibit tremendous potential in addressing the congestion issue. The increasing utilization of these mobility solutions presents an opportunity to develop advanced tires tailored to meet these airborne vehicles' requirements.

Europe Aircraft Tires Industry Segmentation

Aircraft tires are engineered to endure substantial loads, albeit for brief periods. As an aircraft's weight increases, so does its tire requirement, ensuring an even weight distribution. The tread patterns on aircraft tires are meticulously crafted to enhance stability during high crosswinds, channel water to avert hydroplaning, and optimize braking efficiency. Additionally, aircraft tires are equipped with fusible plugs, installed internally within the wheels and calibrated to melt at specific temperatures. Given that tires can overheat during maximum braking scenarios, such as aborted takeoffs or emergency landings, these fuses serve a critical safety function. They mitigate the risk of tire explosions by allowing for controlled deflation.

The European aircraft tire market is segmented based on type, supplier, end user, and geography. By type, the market has been divided into radian and bias. By supplier, the market has been divided into OEM and aftermarket. By end user, the market has been segmented into commercial, military, and general aviation. The report also offers the market size and forecasts for five countries across the region. For each segment, the market sizing and forecasts have been done based on value (USD).