Aircraft Retread Tires Market: Global Industry Size, Share, Growth, Trends, Analysis and Forecast 2019 to 2027

According to a new market research report published by Credence Research “Aircraft Retread Tires Market – Growth, Future Prospects, and Competitive Analysis, 2019 – 2027”, the overall retread tires market worldwide was valued at US$ 692.3 Mn in 2018 and is set to grow with 4.2% CAGR during the forecast period 2019 to 2027.

Market Insights

Growing air traffic and focus on low operating costs are driving the growth of the aircraft retread tires market. In 2017, according to the ‘Airports Council International (ACI)’, world airports accommodate around 118 Mn tons of cargo and nearly 8.2 Bn passengers. Flexibility, eco-friendly, less time consuming, safe and other benefits of retread tires to boost the demand for aircraft retread tires market. The growing need for commercial aircraft and the adoption of retread tires in the defense sector will also boost the market growth. Strict government regulations for retread tires in the aircraft industry are also helping the market growth. According to the Federal Aviation Administration (FAA), the aircraft tire retreading process should be done at certified repair stations and under the guidance of certified technicians.  Therefore, we project that the global aircraft retread tires market shows significant growth throughout the forecast period. 

Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/aircraft-retread-tires-market

Based on aircraft type, the global aircraft retread tires market was led by the commercial segment in 2018, contributing to more than 60% of the global revenue share in the same year. Growing passenger traffic and international tourism worldwide are the major factors for the dominance of the commercial segment. The passenger traffic will grow at a CAGR of around 3% in years to come, according to the International Air Transportation Authority (IATA). Introduction and expansion to new routes by the airlines to increase their dominance in the market will also help the segment growth. Consequently, we presume that the commercial segment will show significant growth during the forecast period. On the other hand, we project that the defense segment will grow with the fastest CAGR owing to increased defense expenditures by emerging economies and the growing use of retread tires in defense aircraft. 

Based on the geography, North America led the global aircraft retread tires market in 2018. North America contributed more than 60% of the market revenue share in the same year. The U.S. is the major contributor in the North America aircraft retread tires market owing to stringent government regulations and having the highest commercial as well as defense aircraft fleet. In the U.S., more than 65% of tires used in the aircraft are retread tires. Hence, we assume that North America will continue its dominance in the aircraft retread tires market. On the other flip of the coin, we presume that the Asia Pacific will be the fastest-growing region due to rising government investments for the defense & aviation industry and growing domestic & international air passenger traffic in the region. 

Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/60095

Market Segmentation

By Process Type

 • Pre- Cure

 • Mold- Cure

By Aircraft Type

 • Commercial

 • Defense

By Tire Type

 • Type III

 • Type VII

 • Type VIII (Three-Part Type)

 • Metric

By Design Type

 • Bias Ply Tires

 • Radial Ply Tires

By Tire Assembly Type

 • Tubeless Tires

 • Tubed Tires

By Geography Segment

  • North America (the U.S., Rest of North America)
  • Europe (U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
  • Rest of the World (the Middle East & Africa, Latin America)

Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/60095

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