Airless, or non-pneumatic, tyres are those that don't rely on air pressure to provide support and function (NPT). Unlike ordinary tyres, which are inflated with pressured air to provide cushioning and load-bearing capabilities, airless tyres are constructed with a solid or cellular structure and do not require inflation. Although there are many different types of airless tyres, their basic objective is to perform as well as or better than pneumatic tyres while eliminating common issues like blowouts, punctures, and the need for constant maintenance that come with air-filled tyres.
According to SPER Market Research, ‘Airless Tire Market Size- By Type, By Material, By Vehicle Type, By Rim Size, By Sales Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the Automotive Airless Tire Market is estimated to reach USD 2.25 billion by 2033 with a CAGR of 4.76%.
Conventional pneumatic tyres are easily damaged by punctures from sharp objects on the road, which can lead to tyre bursts and compromise safety. Furthermore, frequent upkeep of pneumatic tyres is necessary, including air pressure repair and maintenance, which is time-consuming and difficult for users. By removing the possibility of collisions and the requirement for routine maintenance, airless tyres provide a solution to these issues. These tyres, which come in solid or honeycomb materials, are made to withstand dents and blowouts for dependable and continuous performance. These capabilities are especially helpful in fields or applications like off-road vehicles, construction equipment, and military vehicles where tyre punctures might have dangerous repercussions.
The market for airless tyres has several obstacles, one of which is raising customer awareness and acceptability. Since airless tyres are a relatively new technology and operate very differently from conventional pneumatic tyres, it could be challenging to win over consumers' trust and educate them about the advantages. To entice drivers to abandon well-known conventional tyre designs, manufacturers will need to provide a convincing demonstration of the benefits in terms of safety and performance.
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Impact of COVID-19 on Global Airless Tire Market
The worldwide auto industry was severely impacted by the COVID-19 outbreak. A partial business closure, low consumer confidence, and an unpredictable economy all negatively impacted the market for vehicle parts and components. The supply chain had challenges during the pandemic, causing delays in logistics activities. But in the post-pandemic scenario, when restrictions relax and the number of large commercial vehicles increases, airless tyre demand is expected to pick up speed.
Airless Tire Market Key Players:
Asia-Pacific took the lead and accounted for the greatest share of the market. The region's booming automotive industry, increasing urbanisation, and growing emphasis on eco-friendly and efficient transportation options have all contributed to the need for airless tyres. The region's supremacy is also ascribed to the presence of major industry players, ongoing technological advancements, and supportive government initiatives that foster innovation in the automobile industry. Some of the major companies in this industry include Michelin, The Goodyear Tyre & Rubber Company, Toyo Tyre Corporation, Hankook Tyre & Technology Co., Ltd., Ameritire Corporation, Bridgestone Corporation, Continental AG, The Yokohama Rubber Co., Ltd., Michelin, and Sumitomo Rubber Industries, Ltd.
Airless Tire Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Type: Based on the Type, Global Airless Tire Market is segmented as; Radial Tires, Bias Tires.
By Material: Based on the Material, Global Airless Tire Market is segmented as; Rubber, Plastic.
By Vehicle Type: Based on the Vehicle Type, Global Airless Tire Market is segmented as; Military Vehicles, Passenger & Commercial Vehicles, All-terrain Vehicles, Utility Vehicles, Two-wheelers.
By Rim Size: Based on the Rim Size, Global Airless Tire Market is segmented as; Less than 15 Inches, 15 to 20 Inches, More than 20 Inches.
By Sales Channel: Based on the Sales Channel, Global Airless Tire Market is segmented as; OE, Aftermarket.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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Airless Tire Market Future Outlook
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Airless Tires Market by product (Radial tires, Bias tires), by vehicle (Military vehicles, LCV, HCV, ATV, Utility vehicles, Two-wheelers), by material type (Rubber, Plastic), by tire size (35 inches), by sales channel (OEM, Aftermarket),by Region - Global Industry Forecast To 2023.
The airless tires market is expected to witness 9% CAGR during the period, 2018 to 2023.Market SynopsisAs per a detailed analysis by Market Research Future (MRFR), the global airless tires market is anticipated to garner a CAGR of 9% during the forecast period (2018-2023).
The increasing adoption of airless tires for heavy commercial vehicles from the military sector is predicted to encourage the market growth.
The manufacturers and industry participants from across the world are designing eco-friendly tires using recycled materials as airless tires have a longer life span compared to conventional tires.
The airless tire market is likely to experience a sturdy growth due to the surging awareness for ride safety by preventing road accidents which are generally caused due to punctures.
The increased requirement for robust and highly flexible tires with improvised shock absorbing properties are pushing the manufacturers and industry participants towards the rapid production of airless tires.
Basically, this report is designed to give a proper understanding of industry structure and competition intensity attractiveness.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 Bridgestone Corporation, Goodyear Tire & Rubber Corporation, Hankook Tires, Resilient Technologies, Sumitomo Rubber Industries, The Michelin Group, Toyo Tires, Harris Tires, Amerityre, Cooper Tire & Rubber Co.
This section includes 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.Get more information on "Global Airless Tires Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/airless-tires-market/download-sampleMarket DynamicsRising incidences of tire puncture and the hectic repairing process are driving the demand for 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 report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis.
The global Airless Packaging Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the airless packaging market include ABC Packaging, Ltd., Albéa Beauty Holdings S.A., Aptar Group, Inc., Fusion Packaging, HCP Packaging, Libo Cosmetics Company, Ltd., LUMSON SPA, Quadpack Industries, and WestRock.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Airless Packaging Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/airless-packaging-market/download-sampleMarket DynamicsGrowing demand for easy to use, portable packaging to impart protection from airless, sunlight, dust, and other external factors is driving market demand in beauty and cosmetic products.
Use of airless pump for delivering precise dose is generating its demand in the pharmaceutical sector.
Advances in designs leading to the development of airless jar, compact and pouch for airless sensitive products are pushing the market growth upwards.
