Europe Aircraft Tires Market size was USD 578.40 Million in 2023 and the market is projected to touch USD 798.28Million by 2032, at a CAGR of 3.7% during the forecast period. The aerospace market is expanding significantly because there is great potential for zero-carbon & zero-emission aircraft on intra-European routes. It's expected that the field of electric aviation will expand soon. Governments and airports in Europe are being forced to take proactive steps to reduce the environmental impact of aviation as a result of stricter environmental legislation. For example, Schiphol Airport in the Netherlands has suggested capping the number of flights it would accept each year since fuel efficiency gains are not enough to meet emissions regulations. As part of its efforts to promote environmentally friendly travel, France has also declared that short-haul flights will no longer be recognized. The aviation sector is expected to be severely affected by these laws in the next years, which will force industry participants to quickly modify their business models in order to keep their operating licenses. Airlines will be able to comply with new standards and avoid future restrictions as battery & hydrogen electric aircraft develop, providing a unique chance to lessen the industry's environmental effect.
Airplane tire severe plan and assembly guidelines Manufacturers of aircraft parts worldwide are required to abide by the strict regulations established by several aviation associations worldwide. Aviation Department (US), Specialized Standard Request: The determination of tire stamping (TSO-C62) involves assigning mandatory stamps to an aviation tire, which include plant code, brand name, creation number, slide profundity (rounded to the nearest hundred), speed rating (miles per hour), and other information. An evident indicator to stay light on the sidewall over the dot is a red speck-shaped balancing marking that manufacturer should place on the tire. The tire's utilization rating, which must coincide with the specified load rating, is required by the Tire & Edge Affiliation (US) Airplane Yearbook.
The armada of military and commercial aircraft belonging to several nations is expanding. Different countries have seen significant advancements in the armada size of commercial carriers, encompassing thin-body, wide-body, and provincial vehicle aircraft. The global fascination with air travel, especially in the developing economies of the Asia-Pacific and Center East, can be attributed to this. Boeing estimates that the development rate of business armadas & the development rate of aircraft traffic will occur at roughly the same time. It is intended for the Asia Pacific district's business armada to grow. Due to the increasing number of suspected carrier bunches that are changing the aircraft business, air traffic in Latin America is expected to grow at the highest rate during the predicted time frame. Over the course of the next two decades, it is anticipated that Asia Pacific will handle the highest volume of air travel. This can be attributed to the region's growing economy, developing aviation industry, improved aircraft technology, expanded market opportunities, and successful development of new strategies.
Europe Bio-based Lubricant’s report scope and segmentation.
Report Attribute |
Details |
Base Year |
2023 |
Forecast Years |
2024 – 2032 |
Estimated Market Value (2023) |
USD 578.40 Million |
Projected Market Value (2032) |
USD 798.28Million |
Segments Covered |
By Type, By Aircraft Type, By End-User, & By Region. |
Forecast Units |
Value (USD Million or Billion) |
Quantitative Units |
Revenue in USD million/Million and CAGR from 2024 to 2032. |
Regions Covered |
Western Europe, Eastern Europe, Northern Europe, Southern Europe, and Central Europe. |
Countries Covered |
Belgium, France, Germany, Romania, Russia, Ukraine, United Kingdom, Finland, Iceland, Greece, Spain, Italy, Germany, Poland, and Switzerland, among |
Europe Bio-based Lubricant’s dynamics
The factors influencing the dynamics of the Europe Aircraft Tires Market include regulatory mandates, technological advancements, and increasing industrial safety awareness. Air traffic has increased as a result of the rise in air travel throughout Europe, that is being driven by business as well as leisure demand. Aircraft tires become more and more necessary as airlines develop their fleets to meet this increasing demand. The need for aviation tires in the area is fueled by the fact that larger fleets need to change their tires more frequently owing to normal wear and tear. This demand is further fueled by the rise of low-cost airlines and the increasing inclination towards air travel as a means of transportation.
Europe Bio-based Lubricant’s drivers
Stringent Safety Regulations
The worldwide strongest aircraft safety laws are found in Europe. These rules require routine maintenance and inspections of aircraft, including tire replacement. Due to the extreme strain, they endure during take-off, landing, & taxiing, aircraft tires play a vital role in maintaining flight safety. The need for strong, long-lasting tires is driven by safety regulations, which gives producers the chance to develop and provide high-end goods that abide by legal criteria.
Growth in the Aviation MRO (Maintenance, Repair, and Overhaul)
The European aviation maintenance and repair (MRO) market is one of the major drivers of the aircraft tire market. The need for replacement tires rises as airlines & aircraft operators concentrate on maintaining and repairing their current fleets to enhance their lifespan. A consistent supply of aircraft tires is needed by MRO facilities around Europe to maintain a variety of aircraft, including private jets and commercial airliners. The expansion of the aircraft tire market in the area is facilitated by the MRO industry's consistent demand.
High Manufacturing and Raw Material Costs
To survive harsh environments, tires for aircraft are made from specialist materials including natural rubber, synthetic rubber, and other composites. These raw materials' erratic prices have driven up manufacturing costs. Costs are further increased by the need for sophisticated production techniques and technologies to achieve the strict quality and safety requirements that airplane tires must adhere to. The market expansion may be inhibited by these exorbitant costs since they may make aircraft tires unaffordable for certain operators, especially smaller airlines.
Environmental Regulations and Sustainability Concerns
Europe is recognized for its environmental regulations, which have a big influence on a lot of sectors, including aviation. Due to the use of non-biodegradable materials and waste formation, the production and disposal of aviation tires can have a considerable negative impact on the environment. Manufacturers may face difficulties as a result of growing public and governmental demand to adopt more environmentally friendly methods. To produce eco-friendly tire solutions, businesses might need to spend money on research and development, which can be expensive and time-consuming and might limit market growth in the near run.
Innovation in Sustainable and Eco-Friendly Tires
The increasing focus on sustainability throughout Europe offers a chance for tire manufacturers that make aviation tires to create environmentally friendly & sustainable tire solutions. Tire producers may capitalize on the growing consumer demand for environmentally friendly products by integrating recyclable materials, cutting carbon footprints, and prolonging tire lifecycles. Sustainability is becoming more and more important to airlines and operators, therefore businesses that offer eco-friendly tire solutions may stand out from the competition and satisfy this changing consumer demand.
By Type, The Europe Aircraft Tires Market is segmented into Radial-Ply Tires, Bias-Ply Tires. The segment of tires with radial plies has the highest market revenue share and is anticipated to increase at a compound annual growth rate (CAGR) over the forecast period due to a number of factors. The lighter radial tire provides more landings per tread than the other type. On the other hand, the longevity of retreads can be compromised. In contrast to bias aviation tires, radial tires have plies that run radially from bead to bead at an angle of about 90° to the tire centerline. Because of their flexible carcass and stiff belt, radial tires lower rolling resistance and enable more landings. Due to their specific construction method, these tires are typically resistant to cuts and penetrations, especially in the tread area. Radial tires' firmer tread aids in weight distribution, creating a more uniform contact patch and better grip. As a result, tread life is extended and wear is decreased. The European aircraft tire industry is expanding as a result of the increased heat produced by aircraft tires during landing, which radial-ply tires can withstand.
By Aircraft Type, The Europe Aircraft Tires Market is segmented into Commercial Aviation, Military Aviation, Business and General Aviation. The commercial aviation segment has led the market due to the volume of air traffic and is anticipated to grow at the fastest CAGR during the projected period. Aircraft are constantly taking off throughout Europe; just in scheduled commercial traffic, the number of departures per hour is steadily rising. Aviation is vital to the movement of goods and people throughout Europe. This has improved the continent's sustainability and had a major effect on its social and economic development. It is projected that the use of technology and best practices from the commercial aviation sector will lead to an expansion of the European aircraft tire market.
Europe Aircraft Tires Overview by Region
Germany is the market leader in Europe for aviation tires because of the country's increasing commercial aircraft acquisitions, which are a result of the expanding need for transportation brought on by e-commerce and international trade, which has increased market value and growth. The Lufthansa Group, the second-largest airline in Europe with its headquarters located in Germany, is the driving force behind the demand for passenger and freight aircraft for transportation around the continent. Most of the people that Lufthansa Group flies to and from Germany are travelers.
Europe Aircraft Tires Market competitive landscape
Leading companies such as Bridgestone Corporation Europe, Continental AG, Desser Aerospace Companies, Dunlop Aircraft Tyres Ltd., Goodyear Tire and Rubber Company. , Michelin, Petlas Tire Corporation, Inc., Qingdao Sentury Tires Company Limited., Safran Landing Systems, Trelleborg AB. The competitive landscape of the European aviation tire industry is characterized by big firms striving for market share. These companies are working hard to address customer needs by creating new products, enhancing sustainability, and modernizing technology in order to set themselves apart through innovation and strategic partnerships. The dominance of major companies in the sector and their all-inclusive solutions for the aviation industry, which encourage innovation, are responsible for the growth of the aircraft tire market in Europe.
Scope of Europe Bio-based Lubricant’s report
Europe Bio-based Lubricant’s report segmentation
ATTRIBUTE |
DETAILS |
By Type |
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By Aircraft Type |
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By End User |
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Customization Scope |
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Pricing |
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Table of Contents
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