Pune,10, April, 2023: Maximize Market research, an Automotive and Transportation business research firm has published a report on the “Airless Tires Market”. The total market opportunity for Airless Tires was USD 48.70 Mn in 2021 and is expected to grow at 5.7 percent CAGR through the forecast period to reach USD 75.88 Mn by 2029.
Airless Tires Market Report Scope and Research Methodology
The report includes qualitative and quantitative analysis of the Airless Tires Market based on segmentation involving economic and non-economic factors. It also includes an in-depth analysis of the Airless Tires industry from various perspectives by employing Porter’s five forces analysis. The report provides insight into the Airless Tires Market through the value chain. The report offers historical data and forecasts revenue growth at country, regional and global levels along with an analysis of the market trends in each of the sub-segments and regions. The competitive landscape in the report includes details by competitors including company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The bottom-up approach was used to estimate the global and regional Airless Tires Market size.
Airless Tires Market Dynamics
The market is expected to be driven by an increasing number of heavy commercial vehicles such as heavy-duty trucks and heavy construction equipment due to urbanization. The market is primarily driven by increasing demand for all-terrain and military vehicles, the growing automotive sector and technological advancements to minimize tire noise and vibration.
The high capital investments and raw material prices are expected to restrain the Airless Tires Market growth. The market growth is also expected to be hampered by the limited performance of solid tires with respect to suspension and friction along with heat dissipation issues.
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Airless Tires Market Regional Insights
The Asia Pacific region is the largest Airless Tires Market due to the rapid growth of the automotive industry in developing countries such as China, Japan and India. This growth of the regional market is attributed to the easy availability of raw materials, the presence of major manufacturers and increased vehicle ownership.
The Airless Tires Market in the North America region is expected to grow at the highest CAGR during the forecast period. The growth of the regional market is attributed to the increasing use of airless tires in terrain, military and utility vehicles.
Airless Tires Market Segmentation
By Material
- Rubber
- Plastic
By Vehicle Type
- Military Vehicles
- Passenger and Commercial Vehicle
- All-Terrain Vehicle
- Utility Vehicle
- Two Wheelers
By Sales Channel
- OE
- Aftermarkets
Airless Tires Key Competitors include:
- Goodyear Tire and Rubber Company (US)
- CST,(US)
- Marathon Industries inc (US)
- Cooper Tire (U.S.)
- McLaren Industries (US)
- Amerityre Corporation (U.S.)
- Yokohama Tire Corporation (US)
- Evolution Wheel (Canada)
- Sunitomo Rubber Industries (Japan)
- Michelin (France)
- Michelin(France)
- Continental Corporation (Germany)
- Trelleborg AG (Sweden)
- GRI Tires (India)
- Tannus Ltd (Australia)
- SciTech Industries (Australia)
- Tannus Ltd (South Korea)
- Hankook (South Korea)
- Toyo Tire and Rubber Co. Ltd. (Japan)
- Bridgestone (Japan)
Table of Content for Airless Tires Market
- Global Airless Tires Market: Research Methodology
- Global Airless Tires Market: Executive Summary
- Market Overview and Definitions
- Introduction to Global Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Airless Tires Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Global Airless Tires Market Segmentation
- Global Market, by Material (2021-2029)
- Global Market, by Vehicle Type (2021-2029)
- Global Market, by Sales Channel (2021-2029)
- Regional Airless Tires Market (2021-2029)
- Regional Market, by Material (2021-2029)
- Regional Market, by Vehicle Type (2021-2029)
- Regional Market, by Sales Channel (2021-2029)
- Regional Market, by Country (2021-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
Get the Sample PDF of Report: https://www.maximizemarketresearch.com/request-sample/12119
Key questions answered in the Airless Tires Market report are:
- What are Airless Tires?
- What are the Airless Tires Market segments?
- Which Airless Tires Market segment is expected to grow at a high rate during the forecast period?
- Which segment held the largest Airless Tires Market in 2021?
- What are the global trends in the Airless Tires Market?
- What are the upcoming industry applications and trends for the Airless Tires Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for Airless Tires Market?
- What growth strategies are the players considering to increase their presence in Airless Tires Market?
- Who are the leading companies and what are their portfolios in Airless Tires Market?
- What are the major challenges that the Airless Tires Market could face in the future?
- Which region held the largest Airless Tires market share in 2021?
- Which regional Airless Tires market is expected to grow at a high rate during the forecast period?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by Material, Vehicle type, Sales Channel and Region
- Competitive Landscape – Profiles of selected key players by region in a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Maximize Market Research is leading Automotive and Transportation research firm, has also published the following reports:
Rubber Tire Market – The market size is expected to reach USD 198.18 billion by 2029 at a CAGR of 3.99 percent during the forecast period. The market is expected to be driven by the increasing investments by tire manufacturing companies in research and development.
Bicycle Tire Market – The market size is expected to reach USD 11.31 billion by 2029 at a CAGR of 6.3 percent during the forecast period. The market is expected to be driven by increasing awareness among people about health benefits such as strengthening the immune system, weight loss, decreasing heart diseases and mental well-being.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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