DataM IntelligenceThe Global Airless Tire Market is expected to grow at a CAGR of 4.9% during the forecasting period (2022-2029).Market Overview
Airless tires or Non-pneumatic tires are tires that aren't supported by air strain. They are extensively used on some small motors inclusive of using lawns mowers and motorized golf carts. They also are used on heavy equipment inclusive of backhoes, which might be required to perform on sites such as building demolition, wherein a threat of tire punctures is quite excessive, as airless tires never move flat.
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Market Dynamics
The essential gain of airless tires is that they will not move flat. Therefore, airless tires are appealing to cyclists, as bicycle tires are a whole lot greater prone to punctures than motor automobile tires. Moreover, airless tires will need to get replaced much less regularly thus being cost-powerful. However, airless tires generally have higher rolling resistance and provide less suspension than similarly shaped and sized pneumatic tires.
Airless tires are consequently a good deal bumpier and are less comfy for driving. Moreover, the modern-day airless tires in manufacturing are not correct at dissipating warmth. Therefore, if they are used for toll road motors, they would fail very quickly. These tires also are a lot noisier in comparison to the pneumatic tires.
Market Segmentation
By Product Type
l Radial
l Bias
By Vehicle Type
l LCV
l HCV
l Military Vehicles
l Terrain Vehicles
l Others
By Material
l Rubber
l Plastic
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Competitive Landscape
The global market for airless tires is comparatively competitive. The key players in the market are highly focused on launching airless tires for all types of vehicles. For instance, Michelin, in May 2016 has launched a new airless tire for UTV markets. The product is expected to provide unmatched traction and uninterrupted vehicle mobility for long journeys or in remote areas where a flat tire can be problematic.
Companies like Bridgestone Corporation, Michelin, Goodyear Tire & Rubber Company, Hankook, Toyo Tire & Rubber Company, Sumitomo Rubber Industries, Tannus, Continental AG, Pirelli Tyre S.p.A., Yokohama Tire Corporation.
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