Airless Tires Market Trends, Size, Share, Growth Opportunities and Emerging Technologies to 2029

Airless Tires Market Overview:

Airless tyres are those that don't need air to keep the necessary pressure in place. To maintain stability and inflation, tyres have primarily concentrated on air pressure. However, with airless tyres, customers don't have to worry about checking the pressure or adding more. They also don't require a spare tyre in case they are damaged, unlike traditional ones.

The airless tyre market, which had a value of USD 48.70 million in 2021, is predicted to increase to USD 75.88 million by 2029, per MMR research. Companies like Michelin, Bridgestone Corporation, Hankook Tire and Technology, Yokohama Rubber Co., Ltd., and Sumitomo Rubber Industries, Ltd. are leaders in the non-pneumatic tyre (NPT) or flat-free tyre industry. Airless tyres are most frequently used in electric vehicles because they have less rolling resistance than conventional tyres. As a result, they are able to conserve more battery life. Airless tyres can be fitted to a variety of vehicles, but they are not advised for fast vehicles.

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COVID-19 Impact Analysis on Airless Tires Market:

Due to a halt in operations, the end-user sectors where Airless Tires are used saw a decline in growth from January to May in a number of nations, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India. The demand for Airless Tires manufacturers consequently decreased significantly, which had an impact on the growth of the Airless Tires market in 2020. This led to a significant decline in the revenues of businesses involved in these industries. Lockdowns and an increase in COVID-19 incidents globally have significantly reduced end-user business demand for Airless Tires.

Market Scope:

To identify and gather appropriate samples for this study, this market report heavily relies on secondary sources, directories, and databases, such as annual reports, press releases, journals, online content, and other databases.

Segmentation:

Rubber dominates the airless tyre market in terms of material type. Rubber is a low-cost material with a high load capacity. Airless tyres are a game changer in the rubber tyre industry. The Michelin Group, a global tyre manufacturer headquartered in France, received praise for its brand-new UPTIS puncture-proof airless prototype at the Tire Technology Expo Conference. As a result of changing mobility requirements and escalating environmental issues in the automotive sector, manufacturers of rubber tyres have been forced to develop airless tyres.

A singular shift in the automobile industry is spurring advancements in sustainable mobility. Airless tyres are a cutting-edge, puncture-resistant alternative to traditional rubber passenger car tyres. Rubber tyre manufacturers use high-tech materials to create airless tyres.

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Key Players:

Primary and secondary research are used to identify market leaders, while primary and secondary research are used to establish market revenue. Primary research comprised thorough interviews with key thought leaders and industry professionals such as experienced front-line personnel, CEOs, and marketing executives, while secondary research included a review of the leading manufacturers' annual and financial reports. Secondary sources are utilized to calculate percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary sources. The biggest players in the Airless Tires market are as follows:

• CST,(US)
• Marathon Industries inc (US)
• Cooper Tire (U.S.)
• McLaren Industries (US)
• Amerityre Corporation (U.S.)
• Yokohama Tire Corporation (US)
• Hankook (South Korea)
• Sunitomo Rubber Industries (Japan)
• Toyo Tire and Rubber Co. Ltd. (Japan)
• Bridgestone (Japan)
• Michelin (France)
• Tannus Ltd (Korea)
• Continental Corporation (Germany)
• Evolution Wheel (Canada)
• Trelleborg AG (Sweden)

Regional Analysis:

Individual market influencing components and changes in market regulations that effect present and future market trends are also mentioned in the regional overview of the Airless Tires market analysis. Current and future trends are examined in order to assess overall market potential and uncover profitable trends in order to achieve a more stable footing. The geographical market assessment is based on the present environment and expected trends.

Key Questions Answered in the Airless Tires Market Report are:

• In 2021, which segment held the largest share of the Airless Tires market?
• What is the Airless Tires market's competitive landscape?
• What are the key drivers assisting Airless Tires market growth?
• Which region controls most of the Airless Tires market?
• What will be the Airless Tires market's CAGR during the forecast period (2021-2029)?

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