PUBLISHER: Value Market Research | PRODUCT CODE: 1578289
PUBLISHER: Value Market Research | PRODUCT CODE: 1578289
The global demand for Airless Tires Market is presumed to reach the market size of nearly USD 110.82 Million by 2032 from USD 41.37 Million in 2023 with a CAGR of 11.57% under the study period 2024-2032.
Airless tires are also referred to as flat-free tires, non-pneumatic tires, tire not supported by air pressure. These tires are composed of closed-cell polyurethane foam. They are more commonly used for riding lawn mowers and motorized golf carts. They are also used on heavy equipment such as backhoes, where the risk of tire punctures is high. The primary benefit of airless tires is that they do not go flat. Another benefit is fewer replacement requirements resulting in savings, carrying more weight, and high performance in more rugged activities.
Rising incidences of tire puncture and the hectic repairing process are driving the demand for the airless tire. The airless tires offer enhanced driving performance, load-bearing capabilities, and environment-friendly design. This contributes to the growing sales of the airless tire. Consumers from the manufacturing sector, farming, construction & mining sectors are widely adopting these tires to obtain superior productivity and eliminate the requirement of spare tires in applications. Rising demand for high comfort vehicles and ongoing technological advancement to reduce noise vibration and noise generated also fuel the growth. Meanwhile, the high cost of airless tire compare to air tire is restraining the growth of the global airless tire market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Airless Tires. The growth and trends of Airless Tires industry provide a holistic approach to this study.
Market Segmentation
This section of the Airless Tires market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Global Airless Tires Market Report market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Airless Tires market include Toyo Tires, Bridgestone Corporation, Hankook Tires, Resilient TechnResilient Technologies LLC., The Michelin Group., Sumitomo Rubber Industries., Goodyear Tire & Rubber Corporation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.