Airless Tire Market Revenue, Trends Analysis, expected to Grow 7% CAGR, Growth Strategies and Future Outlook 2027: MarkNtel Advisors
Airless Tire Market Overview
As per recent research by MarkNtel Advisors, the Global Airless Tires Market is projected to grow at a CAGR of around 7% during the forecast period, i.e., 2022-27.
Airless Tire Market Dynamics
Market Drivers : Steadily Growing Demand for Maintenance-free Tires
Airless tires don't go flat is the prime aspect that has infused their demand worldwide and positively impacted the growth of the Global Airless Tires Market. Air loss failures caused by punctures or road hazards, along with the need for a spare tire for either changing or repairing, have equally contributed to the demand for airless tires. Additionally, the composition of flexible plastics in these tires has significantly improved their overall strength to absorb road bumps. It is another crucial aspect that has surged the demand for maintenance-free tires in recent years, which, in turn, would significantly contribute to the growth of the Global Airless Tires Market during 2022-27.
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Airless Tire Market Segmentation Overview 2022-2027: Key Factors
By Vehicle Type
-Two-Wheelers
-Passenger Cars
-Commercial Vehicles
-Off Road Vehicles
-Military Vehicles
By Material
-Rubber
-Plastic
By Demand Type
-OEM
-Replacement
By Tire Type
-Radial
-Bias
By Rim Size
-Up to 12”
-12.1” to 15”
-15.1” to 18”
-18.1” to 22”
-Above 22”
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Airless Tire Market Geographical Insights:
By Region:
-North America
-South America
-Europe
-Middle East & Africa
-Asia Pacific
Key Players and Competitive Strategies in the Airless Tire Market
Several prominent players dominate the Airless Tire Market, including:
- Compagnie Générale des Établissements Michelin SCA)
- Bridgestone Corporation
- Goodyear Tire & Rubber Corporation
- Continental AG
- Amerityre Corporation
- Hankook Tire & Technology Co., Ltd.
- Sumitomo Rubber Industries, Ltd.
- Toyo Tire Corporation
- The Yokohama Rubber Co., Ltd.
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Questions Addressed in this Study
1.How big is the Airless Tire Market Size?
2.What is the Airless Tire Market Growth?
3.Who are the key players of the Airless Tire Market?
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