European aircraft tires market is anticipated to grow at a considerable CAGR over the forecast period (2020-2026). The UK, Germany, France, Italy, and Spain are the major economies contributing to the growth of the European aircraft tires market over the forecast period. As per ICAO, Germany accounted for the largest air traffic in 2019, followed by UK and France. The key aspect that drives the growth of the Europe aircraft tires market is the increasing number of air passengers across the region. According to Aviation Benefits, air travel in Europe is expected to continue to grow over the next two decades. Hence, this is likely to demand sufficient aircraft which in turn will encourage the growth of the aircraft tires market over the forecast period.
Browse the full report description of "European Aircraft Tires Market Size, Share & Trends Analysis Report By Construction (Radial and Bias), By Type (New Tires, and Retreaded Tires), By Aircraft Types (Commercial Aircrafts, Military Aircrafts, and Others) and by Distribution Channel (Aftermarket and OEM) Forecast, 2020-2026" at https://www.omrglobal.com/industry-reports/european-aircraft-tires-market
Besides, the airlines in the region are also rapidly evolving and enlarging their aircraft fleet size to cater to the ever-rising demand of the air passengers. The key players operating in the region also contributes substantially to the market growth by adopting new materials, technologies, and improved business models. The introduction of light-weight aircraft tires to attain maximum efficiency and the introduction of thin tires which results in improved fuel economy are some key factors that drive the growth of the Europe aircraft tires market over the forecast period.
Market Coverage
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected segment
Europe Aircraft Tires Market – Segmentation
By Type
By Construction
By Aircraft Type
o Wide-Body Aircraft
o Narrow Body Aircraft
o Regional Transport Aircraft
By Distribution Channel
Europe Aircraft Tires Market – Countries Covered