The US aircraft tires market is anticipated to grow significant CAGR over the forecast period (2020-2026). The key aspect that drives the growth of the US aircraft tires market is the rising demand for the aircraft to cater to the rising air passengers. Owing to this, there has been an increased demand for commercial aircraft, which in turn contributes to the market growth in the US. Apart from this, there has also been a significant upsurge in the defense industry owing to the rising geopolitical tensions, demanding more aircraft, and in turn, contributing to the market growth.
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There has also been a significant rise in the air passengers owing to the high disposable income and growth in business activities. Further, the need for the replacement of the tires owing to the rising number of incidents and safety purposes is also surging in the demand for aircraft tires. Hence, the need for the frequent replacement of the tires in the region substantially contributes to the market growth over the forecast period.
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US Aircraft Tires Market – Segmentation
By Type
- New Tires
- Retreaded Tires
By Construction
- Radial
- Bias
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