Airless Tires Market Segments Analysis, Global Demands, Regions, Size, Growth Factors, Top Manufacturers Trends, and Industry Forecast 2030
Research Reports
Dec 13, 2022
Airless Tires Market Research Report and Growth Analysis 2022 by Type (Radial Tires and Bias Tires), Vehicle Type (Two-Wheeler, Passenger Cars, Light/Heavy Industrial/Commercial, and Trucks & Buses), Material Type (Rubber and Plastic), Tire Size (35 inches), Sales Channels (OEM and Aftermarket), and Region – Forecast to 2030
Airless Tires Market Overview:
In addition, the worldwide Airless Tires Market has been expected to increase at a CAGR of 9%, with a value of USD 63.6 million over the estimated projected time of 2022-2030.
The commercial vehicle market is expected to see huge profits in the forecasting period and, as a result, the on-growing efforts of the players to introduce airless or non-pneumatic tires for commercial vehicles. However, the rising demand for tires to sustain through the tough road conditions in heavy-duty vehicles will definitely support the market growth. Airless tires are generally used in the automobile industry; however, they have a strong load-bearing capacity, driving performance quality, and environmental compatibility. On the other hand, the manufacturer is using such types of tires to eliminate the need for spare tires and the high productivity in the applications that involve the manufacturing, farming, construction, and mining sectors.
Airless Tires Market Key Players
- Bridgestone Corporation (Japan)
- Hankook Tire (South Korea)
- The Goodyear Tire and Rubber Company (U.S.)
- Pirelli (U.S.)
- Sunitomo Rubber Industries (Japan)
- Amerityre Corporation (U.S.)
- Michelin (France)
- Toyo Tire and Rubber Co. Ltd. (Japan)
- Cooper Tire (U.S.)
- Tannus Ltd. (Korea) and Others.
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Airless Tires Industrial News:
- Frameworks like CAFÉ and standards set by EPA and NHTSA worldwide are demanding increased mileage figures to reduce the emissions from the vehicles. According to the latest framework introduced in the United States in 2012, the automakers’ average fuel economy has reached 35.6 in the upcoming years.
During the estimated forecasting years, the growing attention towards the agricultural sector is expected to be the key driver of the market due to the increasing demand for agricultural machinery. The need for improving road safety has led to the high-tech industry development of airless tires to prevent road accidents caused by punctured tires. The increasing necessity for robust and flexible tires to provide tremendous shock-absorbing properties is driving the global market demand for airless tires. Due to the global pandemic outbreak, the global market has completely crashed. The entire Airless Tires Market has faced a huge loss due to implementing the strict lockdown procedure. The airless tire market also faces such types of problems during lockdown time.
Airless Tires Market Segmentation:
According to the latest market report, the global Airless Tires Market has been segmented into five sections: type, material, tire size, vehicle type, sales channel, and regional basis. Based on the type section, the market has been classified into two types: radial and bias. According to the tire size, the market has been classified into five types less than 20 inches, 21-25 inches, 26-30 inches, 31-35 inches and greater than 35 inches. Based on the material, the Airless Tires Market has been segmented into two categories like rubber and plastic. According to the vehicle type, the global market has been classified into four sections two-wheelers, passengers car, light or heavy industrial & commercial vehicles and trucks & buses. The market has been divided into two sections: the sales channel, OEM & aftermarket. Based on the regional sector, the global market has been classified into five sections such as Asia-Pacific, Europe, North America, South America and Middle East & Africa.
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Airless Tires Market Regional Analysis:
The share of the off-road segment among the different vehicle tires is expected to be the highest in 2022. It is also expected to be the largest segment in 2027; however, it also increased with the total share value of the global market. In the automobile manufacturing and heavy industrial sectors, tires have become an integral part of all types of vehicles. However, the tires control the vehicle’s motion, and there have been many accidents across the world just because of the tires. In the United States, more than 700 accidents are caused every year due to tire-related problems.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 16
1.1 MARKET ATTRACTIVENESS ANALYSIS 18
1.1.1 GLOBAL AIRLESS TIRES MARKET, BY TYPE 18
1.1.2 GLOBAL AIRLESS TIRES MARKET, BY MATERIAL 19
1.1.3 GLOBAL AIRLESS TIRES MARKET, BY TIRE SIZE 20
1.1.4 GLOBAL AIRLESS TIRES MARKET, BY VEHICLE TYPE 21
1.1.5 GLOBAL AIRLESS TIRES MARKET, BY SALES CHANNEL 22
1.1.6 GLOBAL AIRLESS TIRES MARKET, BY REGION 23
2 MARKET INTRODUCTION 24
2.1 DEFINITION 24
2.2 SCOPE OF THE STUDY 24
2.3 MARKET STRUCTURE 25
3 RESEARCH METHODOLOGY 26
3.1 RESEARCH PROCESS 26
3.2 PRIMARY RESEARCH 27
3.3 SECONDARY RESEARCH 28
3.4 MARKET SIZE ESTIMATION 29
3.5 TOP-DOWN AND BOTTOM-UP APPROACH 29
3.6 FORECAST MODEL 30
3.7 LIST OF ASSUMPTIONS 31
4 MARKET DYNAMICS 32
4.1 INTRODUCTION 32
4.2 DRIVERS 32
4.2.1 INCREASING DEMAND FOR FUEL-EFFICIENT TIRES 32
4.2.2 GOVERNMENT REGULATIONS REGARDING TIRE LABELING 33
4.2.3 ADOPTION FOR ELIMINATING THE REQUIREMENT OF SPARE TIRES 33
4.2.4 DRIVER IMPACT ANALYSIS 34
4.3 RESTRAINTS 34
4.3.1 INCREASING RAW MATERIAL PRICES 34
4.3.2 LESS RELIABLE OPTION 35
4.3.3 RESTRAINTS IMPACT ANALYSIS 35
4.4 OPPORTUNITY 36
4.4.1 GROWING DEMAND IN FLEETS 36
4.5 COVID-19 IMPACT ANALYSIS 36
4.5.1 ECONOMIC IMPACT ON AUTOMOTIVE INDUSTRY 36
4.5.2 IMPACT ON AUTOMOTIVE PRODUCTION 37
4.5.2.1 FORD 37
4.5.2.2 AMERICAN HONDA 37
4.5.2.3 FCA 37
4.5.2.4 KIA 37
4.5.2.5 VOLKSWAGEN 38
…Continued.
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