Asia Pacific Aircraft Tire Market Size & Outlook
The aircraft tire market in Asia Pacific is expected to reach a projected revenue of US$ 519,891.6 million by 2030. A compound annual growth rate of 6.9% is expected of Asia Pacific aircraft tire market from 2024 to 2030.
Revenue, 2023 (US$M)
$326,720.7
Forecast, 2030 (US$M)
$519,891.6
CAGR, 2024 - 2030
6.9%
Report Coverage
Asia Pacific
Asia Pacific aircraft tire market, 2018-2030 (US$M)
Asia Pacific aircraft tire market highlights
- The Asia Pacific aircraft tire market generated a revenue of USD 326,720.7 million in 2023.
- The market is expected to grow at a CAGR of 6.9% from 2024 to 2030.
- In terms of segment, radial was the largest revenue generating product in 2023.
- Radial is the most lucrative product segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2023 | USD 326,720.7 million |
| Market revenue in 2030 | USD 519,891.6 million |
| Growth rate | 6.9% (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, Asia Pacific region accounted for 17.3% of the global aircraft tire market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 519,891.6 million by 2030.
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Aircraft Tire Market Scope
Aircraft tire market segmentation & scope
End-Use
Commercial
Business
Military
Others
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
Denmark
Sweden
Norway
Japan
China
India
Australia
South Korea
Brazil
Argentina
Saudi Arabia
South Africa
UAE
Kuwait
Aircraft Tire Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific aircraft tire market
Related regional statistics
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