Aircraft Tire Retreading Market Is Set To Witness A Robust Compound Annual Growth Rate (CAGR) Of Around 4.1% During The Forecast Period Spanning From 2022 To 2030.

Market Research Future Insights

According to MRFR analysis, the Global Aircraft Tire Retreading Market is expected to register a CAGR of~4.1% from 2022 to 2030 and hold a value of over USD 4.4 billion by 2030.

The Global Aircraft Tire Retreading Market refers to the market for the process of reusing worn-out aircraft tires by applying a new layer of rubber tread on the existing casing. This process allows for the extension of the tire’s lifespan, reduces waste, and lowers the cost of replacing tires. The market is driven by factors such as the need for cost-effective tire solutions, increased focus on sustainability, and the growing demand for air travel.

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Due to the pandemic, air travel demand plummeted, leading to a reduction in the number of flights and ultimately a decline in the demand for aircraft tires. The decrease in air traffic also led to a decrease in the wear and tear of aircraft tires, reducing the need for retreading services.

Key Players

Some of the key market players are Bridgestone Corporation (Japan), Michelin (France), Marangoni SpA (Italy), Wilkerson Company Inc. (US), SAIC (China), Desser Tire & Rubber Co. LLC (US), Oliver Tyre Group (South Africa), Dunlop Aircraft TyreLimited (UK)

Market Segmentation

The Global Aircraft Tire Retreading Market has been segmented into type and aircraft type.

Based on the type, the market has been segmented into pre-cure and mold-cure.

Based on the aircraft type, the market has been segmented into commercial and military.

Regional Analysis

Regional Analysis

The largest region of the Global Aircraft Tire Retreading Market is North America. The region has a significant share of the market, owing to the presence of major aircraft manufacturers, airlines, and MRO service providers.

The demand for retreaded tires in North America is also driven by the need for cost-effective solutions, as well as the growing emphasis on sustainability. Retreading is considered a more eco-friendly option than disposing of old tires and producing new ones. Moreover, retreaded tires offer cost savings, as they are typically less expensive than new tires.

The North American market is expected to continue its dominance in the coming years, with the increasing demand for air travel and the growing focus on sustainable practices in the aviation industry.

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