Global Airless Tires Market Size, Share, Forecast Report, 2020-2027

The global Airless Tires market garnered revenue around USD XX Billion in 2019 and projected to reach USD XX Billion in 2027, with at a compound annual growth rate of 9.10% throughout the estimate period from 2020 to 2027.

Global Airless Tires Market is predicted to experience a major growth throughout the forecast period owing to growing awareness for ride safety by preventing road accidents caused by tire punctures. Airless tires are considered as the next-generation tires which is eliminating the requirement of air pressure in the tires. In addition, industry participants and manufacturers are designing eco-friendly tires by means of recycled materials, since airless tires have longer life in comparison with conventional tires. Various features offered by airless tires such as higher durability, puncture proof, higher usage in rugged activities, and many more are expected to propel the market demand in future. 

This research report encompasses precise assessment of the market with the help of comprehensive qualitative insights and supportable prognoses regarding market size, consumption and production. The projections presented in the report have been derived using proven research methodologies and assumptions. It does so by means of comprehensive qualitative insights, historical statistics, and verifiable predictions about market revenue and sales.

The rapidly budding threat owed to the eruption of COVID-19 is impacting lives, communities, businesses, and industries across the globe. With businesses shuttered, flights grounded, COVID-19 is about to affect the global economy in different ways such as by directly upsetting production and demand, by generating supply chain disruption, and by its financial impact on firms and financial markets. Therefore, this report covers COVID-19 outbreak impact analysis on the Airless Tires market under the research study. The market estimates offered in the report are the outcome of in-depth extensive secondary research, primary interviews and in-house professional assessments. These market evaluations have been measured by reviewing the impact of numerous social, political and economic factors coupled with recent market dynamics affecting the Airless Tires market growth.

The global Airless Tires market is characterized by the presence of numerous small as well as medium scale companies. These players are largely focused towards forward integration via raw material production, product manufacturing, and distribution across various industry verticals. The report recognizes numerous crucial manufacturers of the market. This research study aids to comprehend the strategies and associations that companies are converging to survive in this competitive marketplace. This report assists in understanding footprints of the manufacturers with the help of their global revenue, production, capacity and average selling price analysis for period 2016-2027.

Major manufacturers analysed under this study comprises:

The prominent market players in the global airless market include Bridgestone Corporation (Japan), Hankook Tire (South Korea), The Goodyear Tire & Rubber Company (US), Pirelli (US), Sunitomo Rubber Industries (Japan), Amerityre Corporation (US), Michelin (France), Toyo Tire & Rubber Co. Ltd. (Japan), Cooper Tire (US), Tannus Ltd. (Korea).

This report delivers market breakdown and its revenue, consumption, production analysis and projections by categorizing it depending on parameters such as type, application/end-user, and region. This research report delivers the analysis and prognosis of revenue, production, price, market share and growth trend for different products such as:

The global airless tires market is segmented by product, by vehicle, by material, by size, and by sales channel. Based on type, the market is divided into radial and bias tires. High demand of airless tire manufacturers towards production of radial tires is presumed to support the significant revenue generation. Moreover, various features offered by radial tires such as better shock absorbing ability, higher flexibility, lesser fuel consumption, enhanced strength are expected to propel the market demand for radial tires during the forecast period. On the basis of vehicle, the market is divided into LCVs, HCVs, Military vehicles, Terrain Vehicles, Utility vehicles, Two-wheelers. Major adoption of airless tires in HCV is expected to take the market demand on another level. 

Regional Analysis and Forecast

Further, this research study analyses market size, production, consumption and its advancement trends at global, regional, and country level for period 2016 to 2027 and covers following region in its scope:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • Italy
  • France
  • Rest of EU
• Asia Pacific
  • China
  • India
  • Japan
  • Southeast Asia
  • Rest of APAC
• Central & South America
  • Brazil
  • Argentina
  • Rest of Central & South America
• Middle East and Africa
  • UAE
  • Saudi Arabia
  • Rest of MEA