Global Airless Tires Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

"Global Airless Tires Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global airless tire market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global airless tire market report has been segmented on the basis of product type, material, vehicle type, and region.

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Introduction: 

Airless tires or non-pneumatic tires are tires that are not supported by air pressure. Airless tires are used on heavy commercial vehicles used in construction industry were risk of punchers is high and in small vehicles such as motorized golf carts and riding lawn mowers.

Market Dynamics: 

Rising production of defense automobiles in countries such as US, China, India, Canada, Japan, France, and others is major factor expected to drive revenue growth of the airless tire market over the forecast period. Moreover, advantages of non-pneumatic tires such as puncture proof, durability, and rugged applications is expected to support revenue growth of global airless tire market.

Furthermore, an increasing number of R&D activities in development of advanced tires is expected to create an opportunity for manufacturers to grow their revenue share in the global target market.

However, high cost of non-pneumatic tires in the market is expected to restrain revenue growth of target market over the forecast period.

Product Type Insights:

On the basis of product type, the radial segment is expected to account major revenue share in the global airless tire market. Growing demand for commercial vehicles in developed and developing countries is expected to support revenue growth of this segment over the forecast period. Moreover, advantages of radial airless tires such as better shock absorbing capacity, enhanced strength, and higher flexibility as compared to bias tires is other factor expected to drive revenue growth of this segment over the forecast period.

Vehicle Type Insights:

On the basis of vehicle type, the heavy commercial vehicles segment is expected to account major revenue share in the target market and expected to grow at a moderate rate over the forecast period. Heavy commercial vehicles are equipped with airless tires to carry more weight. Rising demand for heavy commercial vehicles in developing countries is expected to drive revenue growth of this segment.

Regional Insights:

Asia Pacific market is expected to account major revenue share in the global airless tire market. Increasing production of military and commercial vehicles in the region is expected to drive revenue growth of Asia Pacific airless tire market over the forecast period. Moreover, presence of key manufacturers in the region is expected to support revenue growth of the target market in Asia Pacific. Asia Pacific accounts for the major revenue share of the global airless tire market, followed by markets in North America, Europe, Middle East & Africa, and Latin America respectively. The airless tire market in Europe is expected to grow at a steady rate over the forecast period. Growing demand for commercial vehicles for various end-uses in the region is expected to drive revenue growth of the target market over the forecast period.

Market Segmentation and Key Players Operating in the Global Airless Tires Market:

By Product Type:

• Radial
• Bias

By Material:

• Rubber
• Plastics

By Vehicle Type:

• Two Wheelers
• Passenger cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• Bridgestone Corporation
• Michelin Group
• Continental AG
• Toyo Tire & Rubber Co., Ltd.
• Sumitomo Rubber Industries
• Hankook Tire Co. Ltd.
• The Goodyear Tyre & Rubber Company