Tire Evolution: Embracing Airless Technology in the Automotive Market

Airless Tires Market size was valued at US$ 51.47 Mn. in 2022 and the total revenue is expected to grow at 5.7% of CAGR through 2023 to 2029, reaching US$ 75.88 Mn.

Airless Tires Market Overview

Over the forecast period, Maximize Market Research expects the Airless Tires Market growth from USD in 2022 to USD  in 2029 at a CAGR of percent. The report analyzed by Maximize Market Research, on the Airless Tires market, covers an extensive regional analysis and competitive landscape.

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Airless Tires Market Report Scope and Research Methodology 

The report offers information on the drivers, restraints, opportunities, and challenges of the Airless Tires market. The report is a thorough analysis of the Airless Tires market provided with key findings such as Pricing, investments, expansion plans, and physical presence in the Airless Tires market. The bottom-up approach was used to understand the Airless Tires market size estimation and growth rates in the report. The financial standing, portfolio, adoption of technology, merger and acquisition, joint ventures and strategic alliances are included in the competitive environment for the Airless Tires market.

Regional analysis of the Airless Tires market conducted at a local, regional and global level. For a segment-wise analysis of the Airless Tires market, it is divided into, and. The report includes primary and secondary collection methods to collect the data for the Airless Tires market. The primary collection method includes Surveys, questionnaires and telephonic interviews with market leaders and business owners. The secondary method includes financial reports, annual reports, press releases, white papers, etc. To provide market insights, the report uses analytical methodologies such as Porter’s five forces analysis and PESTLE of the Airless Tires Market. The report involves an analysis of current market trends as well as forecasts for the years.

Airless Tires Market Regional Insights

The Airless Tires market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report includes a thorough analysis of all the factors, market size, growth rate, and import and export in regions. The Regional Analysis in the report helps to understand the Airless Tires market in several countries.

Airless Tires Market Segmentation

by Material

• Rubber
Plastic

Material type, based on material type, rubber material dominates the airless tires market. Rubber has a high load capacity and is a cost-effective material. A noteworthy invention in the rubber tire industry is airless tires. Manufacturers of rubber tires have been forced to develop airless tires as a result of changing mobility requirements and escalating environmental issues in the automotive sector. High-tech materials are being used by rubber tire manufacturers to create airless tires that improve energy efficiency, require less maintenance, and use less material. These factors are driving the segment growth for the airless tires market.

by Vehicle Type

• Military Vehicles
Passenger and Commercial Vehicle
All-Terrain Vehicle
Utility Vehicle
Two Wheelers

Vehicle type, Due to the growing demand for puncture-proof tires, the automotive airless tires market from the commercial vehicle segment is expected to have strong growth through the forecast period. For instance, Goodyear Tire & Rubber Company indicated in 2023 that an airless tire would be developed and tested by enterprises’ autonomous delivery robots. These innovations show the airless tires market’s growth potential for commercial uses. In 2022, the number of airless tires used on military vehicles surpassed 11,825,000. The defense industry will have a high demand for the product because these vehicles operate in challenging off-road conditions and need tires that need less upkeep and repair.

by Sales Channel

• OEM
Aftermarkets

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Airless Tires Market Key Players

1. Goodyear Tire and Rubber Company (US)
2. CST,(US)
3. Marathon Industries inc (US)
4. Cooper Tire (U.S.)
5. McLaren Industries (US)
6. Amerityre Corporation (U.S.)
7. Yokohama Tire Corporation (US)
8. Evolution Wheel (Canada)
9. Sunitomo Rubber Industries (Japan)
10.Michelin (France)
11.Continental Corporation (Germany)
12.Trelleborg AG (Sweden)
13.GRI Tires (India)
14.Tannus Ltd (Australia)
15.SciTech Industries (Australia)
16.Tannus Ltd (South Korea)
17.Hankook (South Korea)
18.Toyo Tire and Rubber Co. Ltd. (Japan)
19.Bridgestone (Japan)

Key questions answered in the Airless Tires Market are:

• What is Airless Tires?
• What was the Airless Tires market size in 2023?
• What is the growth rate of the Airless Tires Market?
• Which are the factors expected to drive the Airless Tires market growth?
• What are the different segments of the Airless Tires Market?
• What growth strategies are the players considering to increase their presence in Airless Tires?
• What are the upcoming industry applications and trends for the Airless Tires Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Airless Tires Market?
• Who are the leading companies and what are their portfolios in Airless Tires Market?

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by different segment | 2023−2029
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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