Airless Tires Market Trends, Technological Advancement, Driving Factors and Forecast to 2027
Airless Tires Market Highlights:
Airless tires eradicate the need of air pressure in the tires and provide higher durability over conventional tires. The need for improved road safety has led to the development of airless tires in order to prevent the road accidents ratio caused by punctured tires. Increasing necessity of tires that are robust and highly flexible to provide tremendous shock absorbing properties is driving the market demand for airless tires. In addition, OEMs and industry participants are developing eco-friendly tires with the recycled products such as used rubber tires and plastics, delivering a highly durable and puncture proof tires which is anticipated to drive the demand for airless tires. Moreover, greater compatibility of airless tires with commercial vehicles result in increasing ride safety with enhanced traction at low speed. However, various drawbacks offered by airless tires mainly including extreme production cost, limited performance during high speed, higher friction, less suspension, and increased rolling resistance are expected to hamper the market in future. Rising global raw material prices of natural resources including rubber is expected to change the preferences of the end users to switch from conventional tires to non-pneumatic tires over the forecast period.
The airless tires market size is expected to witness 9% CAGR during the period, 2018 to 2023.
Get Free Sample Report in PDF Format @ https://www.marketresearchfuture.com/sample_request/6910
Market Research Analysis
In terms of region, the global airless tires market share is divided into North America, Europe, Asia-Pacific, and The Rest of the World. North America is expected to dominate the global market share of airless tires owing to early adoption of non-pneumatic tires coupled with advancements in automotive industry. Moreover, rising road accident safety concerns due to tire blowout is anticipated to drive the market demand during the forecast period. Stringent regulations directed by European Commission for driver’s convenience and safety along with introduction of advanced chip embedded tires is anticipated to augment the market demand in future. Growing number of automotive industries in the countries like China, South Korea, and Japan is predicted to expand the market share of Asia-Pacific over the forecast period.
Scope of the Report
This study provides an overview of the global airless tires market growth, tracking three market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific (APAC) and The Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global airless tire market by product, vehicle type, material, tire size, sales channel and regions.
By Product
Radial Tires
Bias Tires
By Vehicle Type
Military Vehicles
Light Commercial Vehicles (LCV)
Heavy Commercial Vehicles (HCV)
Terrain Vehicles
Utility Vehicles
Two-wheelers
Don't miss out on business opportunities in Market and gain crucial industry insights that will help your business grow, Buy Now @ https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=6910
By Material
Rubber
Plastic
By Tire size
< 20 inches
21-25 inches
26-30 inches
31-35 inches
>35 inches
By Sales Channel
Original Equipment Manufacturer (OEM)
Aftermarket
By Regions
North America
Asia Pacific
Europe
The Rest of the World
Key Players
The prominent market players in the global airless Tire market include Bridgestone Corporation (Japan), Hankook Tire (South Kores), The Goodyear Tire & Rubber Company (US), Pirelli (US), Sunitomo Rubber Industries (Japan), Amerityre Corporation (US), Michelin (France), Toyo Tire & Rubber Co. Ltd. (Japan), Cooper Tire (US), Tannus Ltd. (Korea).
Browse More Information On This Report At@ https://www.marketresearchfuture.com/reports/airless-tires-market-6910
About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.
Contact Us:
Market Research Future
Office No. 524/528, Amanora Chambers
Magarpatta Road, Hadapsar
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
Related Reports:
- Airless_Tires_Market_Revenue
- Airless_Tires_Industry_Scope
- Airless_Tires_Market_Scenario
- Airless_Tires_Market_Segments
- Airless_Tires
- Airless_Tires_Market_Share
- Airless_Tires_Industry_Size
- Airless_Tires_Market_Trend
- Airless_Tires_Market_Growth
- COVID-19_Impact_Analysis
- Airless_Tires_Market_CAGR
- Airless_Tires_Market_Top_Manufacturers
- Airless_Tires_Market_Type
- Business_Opportunities
- Art
- Causes
- Crafts
- Dance
- Drinks
- Film
- Fitness
- Food
- Juegos
- Gardening
- Health
- Home
- Literature
- Music
- Networking
- Other
- Party
- Religion
- Shopping
- Sports
- Theater
- Wellness
English
Arabic
French
Portuguese
Deutsch
Turkish
Dutch
Italiano
Russian
Romaian
Portuguese (Brazil)
Greek