The Global Airless Tires Market is projected to grow at a CAGR of around 7% during the forecast period, i.e., 2022-27. Airless tire technology has seen immense progress in terms of research & innovations in recent years. These tires have been in demand mainly due to the ever-growing automotive industry worldwide and the rapid shift toward sustainable & maintenance-free tires.
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Top leading companies in the Global Airless Tire Market includes:
Compagnie Générale des Établissements Michelin SCA), Bridgestone Corporation, Goodyear Tire & Rubber Corporation, Continental AG, Amerityre Corporation, Hankook Tire & Technology Co., Ltd., Sumitomo Rubber Industries, Ltd., Toyo Tire Corporation, The Yokohama Rubber Co., Ltd., Others.
Market Restraint: High Costs of Airless Tires
The cost of airless tires has always been a significant challenge for the expansion of the Global Airless Tires Market. Besides the purchase cost, the manufacturing cost of airless tires has created a steep plunge worldwide. In recent years, the introduction of autonomous vehicles has increased the demand for puncture-resistant airless tires. However, the high costs have been the obstacle to implementing them. As a result, the demand for airless tires so far has been limited to vehicles with high puncture chances, such as lawnmowers, golf carts, etc. Consequently, to overcome this cost challenge, airless tire manufacturers like Bridgestone Corporation are finding out ways for their niche technology through rigorous research & development activities.
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Report Segmentation:
The market is categorized into the following segments in the report:
By Vehicle Type
-Two-Wheelers
-Passenger Cars
-Commercial Vehicles
-Off Road Vehicles
-Military Vehicles
By Material
-Rubber
-Plastic
By Demand Type
-OEM
-Replacement
By Tire Type
-Radial
-Bias
By Rim Size
-Up to 12”
-12.1” to 15”
-15.1” to 18”
-18.1” to 22”
-Above 22”.
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Global Airless Tire Market Geographic Reach:
The Geographic Reach of the Global Airless Tire Market evaluates the spread and significance of Global Airless Tire market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
- North America: USA, Canada, Mexico
- Europe: Germany, The UK, France, Spain, Italy, Russia
- Asia-Pacific: China, India, Japan, South Korea, Australia
- South America: Brazil, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, South Africa.
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