Portland, OR, Dec. 09, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global airless tire market generated $46.1 million in 2020, and is estimated to reach $77.5 million by 2030, witnessing a CAGR of 5.6% from 2021 to 2030. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.
Download Report (333 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/2437
Airless Tires Market Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2021–2030 |
| Base Year | 2020 |
| Market Size in 2020 | $46.1 million |
| Market Size in 2030 | $77.5 million |
| CAGR | 5.6% |
| No. of Pages in Report | 333 |
| Segments covered | Material, Vehicle Type, Sales Channel, Rim Size, Region. |
| Drivers | Rise in demand for maintenance-free tires |
| Increase in demand for all-terrain and military vehicles | |
| Opportunities | Rise in adoption of electric vehicles across the world in the coming years |
| Higher recyclability of plastics | |
| Restrains | Low performance during friction and high-speed scenarios |
| High capital investment for setting up new manufacturing facilities |
Covid-19 Scenario:
- There were major challenges such as manufacturing with full capacity, working capital management, regulatory and policy changes, supply chain execution, lack of labor, and liquidity and solvency management during the pandemic for manufacturers of airless tires.
- The investments in R&D activities were reduced and the pace of development of new technologies for solid or plastic tires slowed down.
- The disruptions in operations in the automotive industry reduced the demand for airless tires during the lockdown. However, the demand increased gradually post-lockdown.
The report offers detailed segmentation of the global airless tire market based on material, vehicle type, sales channel, rim size, region.
Request for Customization at https://www.alliedmarketresearch.com/request-for-customization/2437
Based on material, the plastic segment held the highest share in 2020, accounting for nearly two-thirds of the total share, and is expected to maintain its leadership status during the forecast period. However, the rubber segment is estimated to manifest the highest CAGR of 6.8% from 2021 to 2030.
Based on vehicle type, the utility vehicles segment accounted for the highest share in 2020, contributing to around two-fifths of the total share of the global airless tire market, and is projected to maintain its dominant share during the forecast period. However, the passenger and commercial vehicles segment is expected to register the largest CAGR of 6.3% from 2021 to 2030.
Interested to Procure the Data? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/2437
Based on region, Asia-Pacific contributed to the largest share in 2020, accounting for around one-third of the total share, and is expected to maintain its leadership status in terms of revenue by 2030. Moreover, this region is estimated to portray the fastest CAGR of 6.2% during the forecast period. The research also analyzes regions including North America, Europe, and LAMEA.
Leading market players:
- Ameritire Corporation
- Bridgestone Corporation
- Continental AG
- Hankook Tire & Technology Co., Ltd.
- Michelin
- Sumitomo Rubber Industries, Ltd.
- The Goodyear Tire & Rubber Company
- Toyo Tire Corporation
- The Yokohama Rubber Co., Ltd.
- Trelleborg
Schedule a FREE Consultation Call with Our Analysts to Find Solution for Your Business at https://www.alliedmarketresearch.com/connect-to-analyst/2437
Similar Reports We Have on Tire Industry:
Tyres Market Vehicle Type (Passenger Car, Medium & Heavy Commercial Vehicle, Light Commercial Vehicle, Three Wheeler, Two-Wheeler, Off-The-Road) Tire Type (Tubeless Tires, Tube Tires, Bias Tires, Radial Tires, OEM Tires, Replacement Tires) Production (Domestic Production, Imports) Size (Small, Medium, Large) : Global Opportunity Analysis and Industry Forecast, 2020-2030.
Automotive Winter Tire Market by Rim Size (13”-15”, 16”-18”, 19”–21”, and 22”–26”), Stud Presence (Studded and Studdless), Sales channel (OEM and Aftermarket), and Vehicle Type (Two-wheeler, Passenger Cars, and Commercial Vehicles)): Global Opportunity Analysis and Industry Forecast, 2018–2030.
Automotive Tire Market by Season Type (Summer, Winter, and All Season), Vehicle Type (Passenger Car, Commercial Vehicle, and Electric Vehicle), Rim Size (Less than 15 Inch, 15 to 20 Inch, and More than 20 Inch), and Distribution Channel (OEM and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2020–2030.
Green Tire Market by type (On-Road Tires, and Off-Road Tire), By Application (Passenger Cars, Light Commercial Vehicle, and Heavy Commercial Car) - Global Opportunity Analysis and Industry Forecast 2017-2030.
Advanced Tires Market by Vehicle Type (On-Highway and Off-Highway), Technology (Chip-Embedded Tires, Self-Inflating Tires, Multi-Chambered Tires, All-In-One Tires, TPMS, Chip-Embedded Tires, Self-Inflating Tires, and Multi-Chambered Tires), Tire Type (Run-Flat, Airless, and Pneumatic), and Material Type (Natural Rubber, Synthetic Rubber, Steel, Elastomers, and Others) – Global Opportunity Analysis and Industry Forecast 2019–2030.
ATV-UTV Tire Market by Type (Racing Tires, Sand Tires, Mud Tires, and All Terrain Tires), Application (All-Terrain Vehicle (ATV) and Utility Terrain Vehicle (UTV)), and Industry Vertical (Agriculture, Military, Mountaineering, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2030.
Self-Sealing Tire Market by Type (Diagonal Tires and Radial Tires), by Vehicle Type (Passenger Vehicle and Commercial Vehicle), and by Sales Channel (OEM and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2020–2030.
Tire Pressure Monitoring System Market by Type (Direct Tire Pressure Monitoring System, and Indirect Tire Pressure Monitoring System), Technology (Conventional Tire Pressure Monitoring System, and Intelligent Tire Pressure Monitoring System), Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, and Heavy Commercial Vehicles), and Sales Channel (Original Equipment Manufacturer (OEM), and After market): Global Opportunity Analysis and Industry Forecast, 2020–2030.
Specialty Tire Market by Type (Bias Tires, Radial Tires), End User (Agriculture, Construction, Mining, Others), and Sales Channel (Original Equipment Manufacturer (OEM), and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2021–2030.
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | Twitter | LinkedIn |
