“The Airless Tires Market is poised to grow by USD 27.79 million during 2022-2026, accelerating at a CAGR of 7.34% during the forecast period”.

Technavio market report provides a holistic analysis, market size and forecast, trends, growth drivers, challenges, and vendor analysis covering around 15 vendors. Furthermore, this report extensively covers market segmentation by application (automotive and non-automotive) and geography (North America, Europe, APAC, MEA, and South America). The market report also offers information on several market vendors, including Amerityre Corp., Bridgestone Corp., Continental AG, Hankook Tire & Technology Co. Ltd., Michelin Group, Sumitomo Rubber Industries Ltd., THE GOODYEAR TIRE & RUBBER Co., Toyo Tire Corp., Trelleborg AB, and Yokohama Rubber Co. Ltd. among others.

What will the Airless Tires Market Size be During the Forecast Period?

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Parent Market Analysis

Our Technavio Research categorizes the report belonging to the Automobiles and Components Industry for the market. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions.

Airless Tires Market: Key Drivers, Trends, and Challenges

Technavio Research categorizes the global Airless Tires Market belonging to the Auto Components Industry. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the forecast year.

The market is extremely competitive with all sizes of businesses, including large, medium, and small-sized companies vying to monopolize the market. The tremendous development in various fields such as product innovations and new product launches by manufacturers operating in the market will drive the growth further.

Who are the Major Airless Tires Market Vendors?

The vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading market vendors such as

• Amerityre Corp.
• Bridgestone Corp.
• Continental AG
• Hankook Tire & Technology Co. Ltd.
• Michelin Group
• Sumitomo Rubber Industries Ltd.
• THE GOODYEAR TIRE & RUBBER Co.
• Toyo Tire Corp.
• Trelleborg AB
• Yokohama Rubber Co. Ltd.

Airless Tires Market Value Chain Analysis

In this report, we provide extensive information on the value chain analysis for the market. Our data covers all key stages of a market flow and provides a complete understanding of all aspects of the market logistics value chain. This includes an end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies.

Which are the Key Regions for Airless Tires Market?

59% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for airless tires in North America. Market growth in this region will be faster than the growth of the market in other regions.

What are the Revenue-generating Application Segments in the Airless Tires Market?

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The market share growth by the automotive segment will be significant during the forecast period. Airless tires have limited commercial viability as the models developed are only suited for speciality vehicles, such as golf carts and industrial vehicles. The increased rolling resistance and higher weight of airless tires make them less popular for use in mainstream passenger cars and commercial vehicles. The automotive segment includes off-road vehicles, construction vehicles, agricultural vehicles, golf carts, mainstream commercial vehicles, and others. Generally, the tires of these above-mentioned vehicles are designed to withstand heavy loads in unfavourable terrain and weather conditions. Also, the wheels are wider and are considerably heavier than those in other types of vehicles. Moreover, such vehicles have longer running times than passenger cars and light commercial vehicles. These factors increase the probability of these vehicles getting flat tires, which increases the need for more durable tires. 

The COVID-19 pandemic reduced transportation and recreational activities in all key regions across the globe. In addition, the global economic slowdown triggered by the pandemic led to reduced cash flows for many industries, including the automotive industry. This led to a slump in the production and sales of automobiles, which reduced the demand for airless tires across the world. With most lockdown restrictions in many countries gradually eased during the first half of 2021, the demand for automobiles was expected to bounce back. Hence, the demand for airless tires in this application segment will continue to remain strong over the forecast period. The report provides a near-term to long-term perspective on the trends and forecasts horizon for the market. It offers an overview of the key market drivers and restraints, enabling precise identification of key opportunities in each region over the coming years.

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What are the Key Data Covered in this Airless Tires Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive the growth during the next five years
• Precise estimation of the size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behaviour
• The growth of the industry across North America, Europe, APAC, MEA, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of airless tires market vendors

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