Aircraft Tires Procurement 2030 – Sourcing and Intelligence

Aircraft Tires Procurement Intelligence

The aircraft tires category is anticipated to grow at a CAGR of 5.5% from 2023 to 2030. The U.S. is the world’s largest market, with a share of 40%, while Europe is the second largest with 33%. Michelin, Goodyear, Bridgestone, and Dunlop are among the leading manufacturers, accounting for approximately 85% of the market.

This category is driven by the demand for military aircraft, UAVs, and commercial planes. They experience wear and tear during takeoff, landing, and taxiing due to intense temperatures and pressures. The condition of the tires is influenced by a series of factors, e.g. weather, rough landing conditions, crossing winds, Antiskid braking actions, and rough runway surfaces, all leading to frequent tire replacement or retreading which leads to increased growth in this category.

Order your copy of the Aircraft Tires category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

RFID technology was implemented in the aircraft tire sector in 2021, allowing for efficient and automated tracking of tire information. Michelin introduced its “RFID-enabled Connected Tire” solution, which incorporates RFID tags embedded in the tires. This technology enables real-time monitoring of tire condition and performance, helping airlines and maintenance teams manage maintenance schedules, identify potential issues, and optimize tire usage. It improves operational efficiency, reduces manual data entry errors, and enhances safety and maintenance practices. The use of elastomers in tire manufacturing improves performance significantly. Tire rubber’s chemical systems benefit from intermediates that give durability, flexibility, and reliable seal qualities that elastomers provide directly.

Business jets are adopting tubeless tires, which are expected to be adopted by commercial planes as well. Hence, the tubeless tire segment is expected to grow by 3.4% between 2022 and 2030. Furthermore, the usage of elastomers reduces tire maintenance costs while improving traction. Heat and cold resistance also improve, extending tire life and assisting in maintaining optimum inflation throughout temperature changes.

Aircraft Tires Procurement Intelligence Report Scope

The Aircraft Tires category is expected to have pricing growth outlook of 6 – 8% from 2023 to 2030, with below pricing models.

• Volume-based pricing model
• Spot pricing model

Supplier Selection Scope of Report

• Quality and Reliability
• Cost and pricing
• Past engagements
• Productivity
• Geographical presence

Supplier Selection Criteria of Report

• Product Range and Compatibility
• Manufacturing Capacity and Facilities
• Sustainability and Environmental Responsibility
• technical specifications
• operational capabilities
• regulatory standards and mandates
• category innovations
• others

Aircraft Tires Procurement Intelligence Report Coverage

Grand View Research will cover the following aspects in the report:

• Market Intelligence along with emerging technology and regulatory landscape
• Market estimates and forecasts from 2023 to 2030
• Growth opportunities, trends, and driver analysis
• Supply chain analysis, supplier analysis with supplier ranking and positioning matrix, supplier’s recent developments
• Porter’s 5 forces
• Pricing and cost analysis, price trends, commodity price forecasting, cost structures, pricing model analysis, supply and demand analysis
• Engagement and operating models, KPI, and SLA elements
• LCC/BCC analysis and negotiation strategies
• Peer benchmarking and product analysis
• Market report in PDF, Excel, and PPT and online dashboard versions

Aircraft Tires Procurement Cost and Supplier Intelligence

This sector is dominated by Goodyear, Michelin, Dunlop Aircraft Tires, and Bridgestone, leading to an oligopolistic structure that controls 85% of the market share and accounts for most of the retread. The industry is subject to strict regulations and certifications to ensure safety and compliance with international standards. New entrants face high entry barriers due to the research and development required to meet stringent safety and performance standards. The procurement of this category requires consideration of several factors, such as tire size, load capacity, speed rating, aircraft type, and operational conditions and construction

Natural and synthetic rubber are the primary raw materials used in the production of aircraft tires. The raw materials account for around 65 % to 75 % of the production costs, with natural and synthetic rubber as major raw materials. Tires used in commercial planes cost USD 1,200 to USD 5,500. Commercial aircraft tires, on the other hand, are more difficult to locate in a distributor’s store. The majority of airlines have long-standing relationships with tire manufacturers. These agreements allow manufacturers to subsidize the cost of each tire unit. Airlines and tire manufacturers have a lease agreement under which the manufacturer owns the tires and the airline pays for each landing cycle. The manufacturer also covers all necessary maintenance costs under this agreement.

List of Key Suppliers

• MichelinGoodyear
• Bridgestone
• Dunlop
• Safran
• Honeywell Internationalc
• Meggit
• GKN Aerospace
• Rosen Aviation

Browse through Grand View Research’s collection of procurement intelligence studies: 

Agrochemicals Procurement Intelligence Report, 2023 – 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape) 

Adhesives Procurement Intelligence Report, 2023 – 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape) 

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions. 

Our services include (not limited to):

• Market Intelligence involving – market size and forecast, growth factors, and driving trends
• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions