Global Aircraft Tire Market Size & Outlook, 2024-2030
The aircraft tire industry worldwide is expected to reach a projected revenue of US$ 2,675.2 billion by 2030. A compound annual growth rate of 4.8% is expected of the worldwide aircraft tire industry from 2025 to 2030.
Revenue, 2024 (US$B)
$2,002.9
Forecast, 2030 (US$B)
$2,675.2
CAGR, 2025 - 2030
4.8%
Report Coverage
Worldwide
Global aircraft tire market, 2018-2030 (US$B)
Global aircraft tire market highlights
- The global aircraft tire market generated a revenue of USD 1,890,818.4 million in 2023 and is expected to reach USD 2,675,103.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.1% by 2030.
- In terms of segment, radial accounted for a revenue of USD 1,890,818.4 million in 2023.
- Radial is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 1,890,818.4 million |
| Market revenue in 2030 | USD 2,675,103.1 million |
| Growth rate | 5.1% (CAGR from 2023 to 2030) |
| Largest segment | Radial |
| Fastest growing segment | Radial |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Radial |
Other key industry trends
- In terms of revenue, the North America accounted for 49.6% of the global aircraft tire market in 2023.
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Aircraft Tire Market Scope
Aircraft tire market segmentation & scope
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
Japan
China
India
South Korea
Brazil
Argentina
Aircraft Tire Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global aircraft tire market size, by regions, 2018-2030 (US$B)
Top 10 countries: Aircraft tire market size, 2024 (US$B)
Global aircraft tire market share, by product, 2024 & 2030 (%, US$B)
Aircraft tire market: Opportunity assessment by country
Global aircraft tire market, by region, 2024 (US$B)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 685.9 | 727.0 | 789.1 | 856.9 | 897.5 | 938.6 | 977.0 | 1,012.7 | 1,070.7 | 1,114.0 | 1,156.3 | 1,197.5 | 1,237.9 | 4.1% |
| Europe | 403.5 | 439.6 | 467.6 | 500.0 | 541.8 | 581.7 | 622.6 | 664.1 | 696.6 | 735.3 | 774.4 | 813.8 | 853.6 | 5.2% |
| Asia Pacific | 215.6 | 237.0 | 255.5 | 276.9 | 299.0 | 326.7 | 356.0 | 387.2 | 407.1 | 434.3 | 462.2 | 490.7 | 519.8 | 6.1% |
| Latin America | 18.3 | 20.3 | 22.5 | 22.8 | 23.8 | 26.0 | 28.2 | 30.5 | 31.3 | 32.9 | 34.6 | 36.2 | 37.9 | 4.4% |
| MEA | 12.6 | 13.7 | 14.2 | 15.7 | 16.7 | 17.9 | 19.1 | 20.4 | 21.4 | 22.5 | 23.7 | 24.8 | 26.0 | 5.0% |
| Overall | 1,335.9 | 1,437.6 | 1,548.9 | 1,672.3 | 1,778.8 | 1,890.9 | 2,002.9 | 2,114.9 | 2,227.1 | 2,339.0 | 2,451.2 | 2,563.0 | 2,675.2 | 4.8% |
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