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    Airless Tires Market Report

    Airless Tires Market Report
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    Airless Tires Market Size, Share, Trend, Forecast, & Industry Analysis – 2021-20 See more...

    Impact of COVID-19 on Airless Tires Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Airless Tires Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Airless Tires Market Insights

    Airless Tires Market is likely to witness an impressive CAGR of 6.0% during the forecast period. Increasing demand for all terrain and military vehicles, ongoing enhancements in technologies to reduce vibration and noise generated by tires, presence of technology providers in the market, and growing automotive industry are some of the major factors fueling the market growth during the forecast period.

    Airless Tires Market – Snapshot

    Growth

    6.0% for the next five years

    Major Product Type

    Radial

    Major Vehicle Type

    HCV

    Dominant Material Type

    Plastic

    Leading Sales Channel Type

    OEM

    Region with the highest demand

    North America

    Key Players

    Amerityre Corporation, Bridgestone Corporation, Cooper Tire & Rubber Company, Harris Tires, Michelin, Resilient technologies, Sumitomo Rubber Industries, Ltd., The Goodyear Tire & Rubber Company, The Hankook Tire & Technology group, and Toyo Tires.

     

    Market Share Analysis

    Airless-Tires-Market-Dominant-Segments

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    Airless Tires Market Share: By Product Type

    Based on the product type, the market is segmented as radial and bias. The radial segment is projected to register higher growth rate in the market owing to excellent flexibility, high strength, improved shock absorbent feature, and superior performance capabilities. Other factors such as lower consumption of fuel by it and strong preference of industry players towards manufacturing radial tires are expected to accelerate the product demand during the forecast period.

    Airless Tires Market Share: By Vehicle Type

    Based on the vehicle type, the market is segmented as military vehicles, LCV, HCV, terrain vehicles, utility vehicles, and motorcycles. HCV is projected to register strong growth rate in the market owing to ongoing initiatives by the industry players to introduce non-pneumatic tires for the vehicles as these tires provide excellent durability and lesser wear & tear as compared to conventional tires. Growing adoption of airless tires in HCV and increasing construction and infrastructure globally require tires which are capable of carrying more weight and can be worked for rugged activities, fueling the market growth over the forecast period.

    Airless Tires Market Share: By Material Type

    Based on the material type, the market is segmented as rubber and plastic. The plastic material is expected to be the dominant segment of the market owing to high recyclable ability of this material and being the most preferred material by the airless tire production manufacturers during the forecast period. On the other hand, rubber is also estimated to witness significant growth owing to growing production of rubber tires by market players during the forecast period.

    Airless Tires Market Share: By Sales Channel Type

    Based on the sales channel type, the market is segmented as OEM and aftermarket. The OEM segment is estimated to be account for the larger share of the market owing to shifting inclination of consumers towards airless tires for excellent performance in multiple terrains during the forecast period. Safety driving provisions, excellent service with minimized maintenance cost, and improved durability are expected to drive the product demand in the market during the forecast period.

    Airless Tires Market Share: By Region

    In terms of regions, North America is projected to be the leading region in the market owing to growing implementation of airless tires in military applications and utility terrain vehicles, and constant focus on offering products for military and defense purpose by the industry players during the forecast period. On the other hand, Asia-Pacific is estimated to witness significant growth which can be attributed to the presence of manufacturers, easy availability of raw materials, and high vehicle ownership in the region during the forecast period.  

    Airless-Tires-Market-By-Region

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    Key Players

    Some of the key players in the airless tires market are-

    • Amerityre Corporation
    • Bridgestone Corporation
    • Cooper Tire & Rubber Company
    • Harris Tires
    • Michelin
    • Resilient technologies
    • Sumitomo Rubber Industries, Ltd.
    • The Goodyear Tire & Rubber Company
    • The Hankook Tire & Technology group
    • Toyo Tires.

     

    Market Scope & Segmentation

    Airless tires are tires which do not require support of air pressure and have the potential of minimizing carbon emissions, generally used on some small vehicles such as riding lawn movers and motorized golf carts.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Airless Tires Market Research Report - Features

    Market Segmentation

    5

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The airless tires market is segmented into the following categories.

    Airless Tires Market Size, Share, & Forecast, by Product Type:

    • Radial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Bias (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Airless Tires Market Size, Share, & Forecast, by Vehicle Type:

    • Military Vehicles (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • LCV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • HCV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Terrain Vehicles (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Utility Vehicles (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Motorcycles (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Airless Tires Market Size, Share, & Forecast, by Material Type:

    • Rubber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Plastic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Airless Tires Market Size, Share, & Forecast, by Sales Channel Type:

    • OEM (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Airless Tires Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Airless-Tires-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the material types by sales channel type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]

    Frequently Asked Questions (FAQs)

    The airless tires market is expected to witness an impressive growth of 6.0% CAGR in the foreseeable future.

    Amerityre Corporation, Bridgestone Corporation, Cooper Tire & Rubber Company, Harris Tires, Michelin, Resilient technologies, Sumitomo Rubber Industries, Ltd., The Goodyear Tire & Rubber Company, The Hankook Tire & Technology group, and Toyo Tires are among the key players in the airless tires market.

    North America is expected to be the leading airless tires market during the forecast period of 2021-2026.

    The plastic material is expected to remain most dominant material type in the airless tires market in the coming five years.

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