Global Airless Tires Market Overview:
The airless tire is tires which are not upheld by air pressure. It is used in small vehicles, for example, riding yard cutters and mechanized golf trucks. They are additionally used in irresistible hardware, such as excavators, which are required to work on locales, for example, building obliteration, where the danger of tire punctures is high. Tires made out of shutting cell polyurethane froth are also made for bikes and wheelchairs. The main thing which must be considered when trying to design a non-pneumatic tire is the issue of deformation. The tire must be strong enough to hold the car and withstand a large amount of abuse, and also be able to deform slightly when it comes in contact with the road.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Evolving More Reliable and Seamless Airless Tire Design and Increasing Emphasis on 3D-Printed Airless Tires
Market Growth Drivers:
Prevent Accidents Due To Blowouts and Punctures Which Ensure Safety and Rise in Number of Heavy Commercial Vehicles Due To Urbanization
Challenges:
Volatility in Raw Material Prices
Restraints:
High Capital Investment
Opportunities:
Upsurge in Demand for Airless Tires in Aftermarket and Technological Advancements
Competitive Landscape:
The companies are exploring the market in new areas by adopting mergers & acquisitions, expansions, investments, new product launches and collaborations as their strategies. Key players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined synergies
Some of the key players profiled in the report are Michelin Group (France), Cooper Tire & Rubber Company (United States), Goodyear Tire & Rubber Company (United States), Hankook Tire Group (South Korea), Bridgestone Corporation (Japan), Tannus Ltd. (United Kingdom), Toyo Tires (Japan), Sumitomo Rubber Industries (Japan), Amerityre Corporation (United States), Kenda Rubber Industrial Company (Taiwan) and Marathon Industries, Inc. (United States). Analyst at AMA Research see United States and Japanese Vendors to retain maximum share of Global Airless Tires market by 2028. Considering Market by Vehicle, the sub-segment i.e. Light Commercial Vehicles will boost the Airless Tires market. Considering Market by Sales Channel, the sub-segment i.e. Original Equipment Manufacturers will boost the Airless Tires market. Considering Market by Material, the sub-segment i.e. Rubber will boost the Airless Tires market.
Latest Market Insights:
In January 2023, Michelin partnered with DHL Express to test airless tyres on Singapore roads.
In February 2022, General Motors partnered with Michelin to co-develop novel airless tyre called ‘Uptis’ that’s designed for use in passenger cars and doesn’t need to be inflated with air. these are new non-pneumatic tyre in a production electric vehicle (EV) in the next three to five years on a new-generation Chevrolet Bolt.
What Can be Explored with the Airless Tires Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Airless Tires Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Airless Tires
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Airless Tires market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Airless Tires market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Airless Tires, Suppliers of Airless Tires Materials, Distributors and Retailers of Airless Tires, Automotive Industry, Governmental Bodies, Research Organizations and Institutes and Industry Associations.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.