The global demand for Airless Tires Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Airless tires are also referred to as flat-free tires, non-pneumatic tires, tire not supported by air pressure. These tires are composed of closed-cell polyurethane foam. They are more commonly used for riding lawn mowers and motorized golf carts. They are also used on heavy equipment such as backhoes, where the risk of tire punctures is high. The primary benefit of airless tires is that they do not go flat. Another benefit is fewer replacement requirements resulting in savings, carrying more weight, and high performance in more rugged activities.
Rising incidences of tire puncture and the hectic repairing process are driving the demand for the airless tire. The airless tires offer enhanced driving performance, load-bearing capabilities, and environment-friendly design. This contributes to the growing sales of the airless tire. Consumers from the manufacturing sector, farming, construction & mining sectors are widely adopting these tires to obtain superior productivity and eliminate the requirement of spare tires in applications. Rising demand for high comfort vehicles and ongoing technological advancement to reduce noise vibration and noise generated also fuel the growth. Meanwhile, the high cost of airless tire compare to air tire is restraining the growth of the global airless tire market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of airless tires.
The entire airless tires market has been sub-categorized into product, vehicle, material and sales channel. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Sales Channel
- Military Vehicles
- Passenger & Commercial Vehicles
- Terrain Vehicles
- Utility Vehicles
This section covers regional segmentation which accentuates on current and future demand for airless tires market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Airless Tires Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the airless tires market include Bridgestone Corporation, Goodyear Tire & Rubber Corporation, Hankook Tires, Resilient Technologies, Sumitomo Rubber Industries, The Michelin Group, Toyo Tires, Harris Tires, Amerityre, Cooper Tire & Rubber Co. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.