The Business Research Company’s report on the Airless Tires Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the airless tires market in recent years?
The increasing vehicle production is expected to propel the growth of the airless tires market going forward. Vehicle production refers to manufacturing automobiles and light trucks or utility vehicles (including light-duty vans, pick-up trucks, and minivans), which are mass-produced identical models offered for sale to the public. Airless tires provide better puncture resistance, less maintenance, and increased vehicle safety. By removing the possibility of blowouts or flats and ensuring dependable performance on the road. Airless tires provide drivers with peace of mind. For instance, in May 2023, according to a report published by the European Automobile Manufacturers Association, a Belgium-based standards group of the automobile industry in the European Union, the global production of motor vehicles increased by 5.7% in 2022 to 85.4 million from 2021. Therefore, increasing vehicle production is driving the growth of the airless tires market.
Access Your Free Sample of the Global Airless Tires Market Report – Get Insights Now!
https://www.thebusinessresearchcompany.com/sample.aspx?id=12345&type=smp
What is the projected market size of the airless tires industry, and how is it expected to grow?
The airless tires market size has grown strongly in recent years. It will grow from $1.21 billion in 2024 to $1.29 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to military applications, mining and industrial use, agricultural machinery, space exploration technology, reliability, and reduced maintenance
The airless tires market size is expected to see strong growth in the next few years. It will grow to $1.66 billion in 2029 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to government regulations, logistics and material handling, focus on performance enhancement, consumer preference for convenience, and autonomous vehicle development. Major trends in the forecast period include adoption in passenger vehicles, 3d printing and manufacturing, integration in sustainable transport solutions, retail availability and aftermarket demand, and enhanced traction and grip.
Gain Exclusive Market Insights—Customize Your Research Report Today For Fast Delivery!
https://www.thebusinessresearchcompany.com/customise?id=12345&type=smp
Who are the key players driving competition in the airless tires market?
Major companies operating in the airless tires market include Bridgestone Corporation, The Goodyear Tire & Rubber Company, Continental AG, MICHELIN, Pirelli Tyre S.p.A, Sumitomo Rubber Industries Ltd, Hankook Tire Co. Ltd, Yokohama Tire Corporation, SciTech Industries, Trelleborg AB, Amerityre Corporation, Toyo Tire & Rubber Co. Ltd, GRI Tires, Tannus Ltd, Cooper Tire & Rubber Company, General Motors, Tesla Inc., Apollo Tyres Ltd, Nokian Tyres plc, Kumho Tire Co. Inc., Maxxis International, MRF Limited, Cheng Shin Rubber Ind. Co. Ltd., Falken Tire Corporation, Bridgestone Americas Inc., Uniroyal Engineered Products LLC, Dunlop Tires, Firestone Tire and Rubber Company, Michelin Group, Goodyear Dunlop Tires Europe B.V.
What key trends are expected to drive the air-dried food market during the forecast period?
Major companies operating in the airless tire market are focusing on introducing innovative products such as airless radial tire, which enhance durability and eliminate the risk of punctures. Airless radial tires refer to a type of tire designed without air pressure, utilizing a unique structure that provides support and flexibility, enhancing durability and reducing the risk of punctures. For instance, in September 2022, Michelin, a France-based manufacturing company, launched MICHELIN X Tweel airless radial tire for eCargo trikes. The MICHELIN X Tweel airless radial tire has been unveiled for eCargo trikes, enhancing last-mile delivery with benefits like reduced downtime from flat tires and improved safety. This innovative tire replaces traditional tire and wheel assemblies, requiring no air pressure and offering excellent stability and handling characteristics.
Which key geographies are driving the growth of the airless tires market?
Asia-Pacific was the largest region in the airless tires market in 2024. It is expected to be the fastest-growing region in the forecast period. The regions covered in the airless tires market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Order Your Report Now For Swift Delivery
https://www.thebusinessresearchcompany.com/report/airless-tires-global-market-report
What are the key segments driving growth in the airless tires market?
The airless tires market covered in this report is segmented –
1) By Type: Radial Tires, Bias Tires
2) By Material: Rubber, Plastic
3) By Vehicle: Military Vehicles, Commercial And Passenger Vehicles, All-Terrain Vehicles, Utility Vehicles, Two Wheelers
4) By Rim Size: Less Than 15 Inches, 15-20 Inches, More Than 20 Inches
5) By Sales Channel: OEM, After market
Subsegments:
1) By Radial Tires: Passenger Radial Tires, Light Truck Radial Tires, Heavy-Duty Radial Tires
2) By Bias Tires: Passenger Bias Tires, Light Truck Bias Tires, Heavy-Duty Bias Tires
Purchase The Exclusive Report Now To Unlock Valuable Market Insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=12345
What defines the structure and scope of the airless tires market?
An airless tire, also known as a non-pneumatic tire (NPT), is a tire that does not require air or fuel to be inflated, effectively eliminating the need to refill the tires with air periodically. They are applied to heavy machinery that must operate in environments with a significant danger of tire punctures.
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
https://thebusinessresearchcompany.com/
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
