The aircraft tire manufacturing industry is dominated by a four firm oligopoly that controls 85% of market share.
Video Aircraft tire industry
Major manufacturers
The four major manufacturers in aircraft tire manufacturing are the following according to a report by Pelmar Engineering in 2013:
- Goodyear (United States)
- Michelin (France)
- Dunlop Aircraft Tyres (United Kingdom)
- Bridgestone (Japan)
These major firms form an oligopoly that controls approximately 85% of the manufacturing market and account for most of the retreads. Dunlop is the smallest player among the major firms with revenue reported at £40m in a 2015 media report.
Maps Aircraft tire industry
Other manufacturers
There are several other smaller industry players, particularly in China. Among these producers are Guilin-based Guilin Lanyu Aircraft Tire Development Co., a subsidiary of ChemChina that was founded in 1980; a Yinchuan, Ningxia located aircraft tire plant owned by Singapore-based Giti Tire; and Qingdao, Shandong-based Sentury Tire, which manufactures tires for the Boeing 737.
Weihai, Shandong-based Triangle Group announced in 2012 a collaboration with the Harbin Institute of Technology for designing and manufacturing aircraft tires.
Former manufacturers
Yokohama Rubber had been manufacturing aircraft tires since 1940 but shut down its operations and made no more deliveries after 2009. The company decided to close down the aircraft unit because its sales were low, having revenue of only 800 million JPY or about 8 million USD in the 2008-9 fiscal year, and it assessed the future outlook of the industry as lacking in strong growth.
References
Source of article : Wikipedia
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