Market Research Future (MRFR), in its latest report on the global Airless tires market 2020, reveals different aspects of the market and potential forces that can impact the market dynamics. The influence of COVID 19 outbreak on the market is also revealed in the report. As per MRFR data, the Airless tires market can register 9% CAGR across the review period.
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 a proof tire which is anticipated to drive the demand for airless tires.
Key Players
The prominent market players in the global airless 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).
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Scope of the Report
This study provides an overview of the global airless tires market, tracking three market segments across four geographic regions. 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
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
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 are 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.
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TABLE OF CONTENTS:
- Market Introduction
- Research Methodology
- Market Dynamics
- Executive Summary
- Market Factor Analysis
- Airless Tires Market, By Segments
- Competitive Analysis
Continued…
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Basically, this report is designed to give a proper understanding of industry structure and competition intensity attractiveness.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.Get more information on "Global Airless Tires Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/airless-tires-market/download-sampleMarket DynamicsRising incidences of tire puncture and the hectic repairing process are driving the demand for 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.
Airless Tires Market by product (Radial tires, Bias tires), by vehicle (Military vehicles, LCV, HCV, ATV, Utility vehicles, Two-wheelers), by material type (Rubber, Plastic), by tire size (35 inches), by sales channel (OEM, Aftermarket),by Region - Global Industry Forecast To 2023.
The airless tires market is expected to witness 9% CAGR during the period, 2018 to 2023.Market SynopsisAs per a detailed analysis by Market Research Future (MRFR), the global airless tires market is anticipated to garner a CAGR of 9% during the forecast period (2018-2023).
The increasing adoption of airless tires for heavy commercial vehicles from the military sector is predicted to encourage the market growth.
The manufacturers and industry participants from across the world are designing eco-friendly tires using recycled materials as airless tires have a longer life span compared to conventional tires.
The airless tire market is likely to experience a sturdy growth due to the surging awareness for ride safety by preventing road accidents which are generally caused due to punctures.
The increased requirement for robust and highly flexible tires with improvised shock absorbing properties are pushing the manufacturers and industry participants towards the rapid production of airless tires.
