Aircraft Tire Retreading Market Sustainable Solutions for Aviation and Projected to Reach USD 4.4 Billion by 2030 Growing at 4.1% CAGR In Forecast Period

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 industry that deals with the retreading or refurbishment of aircraft tires. Aircraft tires are subjected to extreme operating conditions and wear due to the heavy loads, high speeds, and various environmental factors they encounter during takeoff, landing, and taxiing. Retreading involves renewing the worn-out tread of a tire to extend its service life and reduce operational costs.

Factors driving the growth of the global aircraft tire retreading market include the increasing demand for air travel, the need for cost optimization in the aviation industry, and a focus on sustainable practices by reducing waste and environmental impact. Additionally, the retreading process allows for the customization of tire treads based on specific aircraft requirements, further enhancing performance and safety.

The COVID-19 pandemic had a significant impact on the aircraft tire retreading market. The pandemic resulted in travel restrictions, lockdowns, and a sharp decline in air travel demand. This led to reduced flight operations, resulting in lower tire usage and a decreased demand for retreading services.

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Key Players

Some of the key market players are Bridgestone Corporation (Japan), The Goodyear Tyre & Rubber Company (US), Michelin (France), Marangoni SpA (Italy), Wilkerson Company Inc. (US), Apollo Tyre Ltd (India) , Aviation Tyre & Treads LLC (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 application.

Based on the type, the market has been segmented into Pre-cure and Mold-cure.

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

Regional Analysis

The largest region in the Global Aircraft Tire Retreading Market is North America and Europe. The North American region, particularly the United States, has a substantial presence in the aircraft industry. It is home to several major airlines, MRO facilities, and aircraft manufacturers. The demand for aircraft tire retreading services is significant in this region due to the large fleet size and the focus on cost optimization and sustainable practices.

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Europe is another prominent region in the aircraft tire retreading market. Countries such as Germany, France, the United Kingdom, and the Netherlands have a strong aviation industry presence. European airlines, MRO facilities, and regulatory bodies emphasize safety, efficiency, and environmental sustainability, making tire retreading an attractive option.

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