China's aviation tire market: stable dynamics and significant prospects

According to a new report by IndexBox, the Chinese market for aircraft tires demonstrates a sustainable growth trend, with forecasts extending to 2035. In 2024, consumption reached 454 thousand units, matching the levels of the previous year. Overall, over the period from 2013 to 2024, the average annual growth rate was 1.7%, indicating stable industry development.

Despite this, in 2024, the market volume in monetary terms decreased slightly to $263 million (a decline of 4.1%). It is essential to note that this assessment reflects the revenue of manufacturers and importers, excluding expenses for logistics, marketing, and retail margins, which are already included in the final price. This decline highlights the existing potential for further growth and development of production capacities in the market.