In 2023, the import of new pneumatic tyres of rubber for aircraft to India stood at approximately 20 million USD. From 2024 onwards, we see a consistent upward trend with values forecasted to rise annually: 20.332 million in 2024, 20.751 million in 2025, up to 21.958 million in 2028. The year-on-year growth rate is relatively steady, reflecting a growing demand in the aviation sector and possibly expanding fleet sizes. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is projected to be moderate, underscoring stable growth in this niche market.
Future trends to consider include technological advancements in tyre materials, potential shifts in air travel demand post-pandemic, and changes in trade policies that may affect import dynamics. Additionally, advancements in aircraft technology and sustainability initiatives may influence future demand and types of tyres imported.
