SWOT analysis of the non-pneumatic tires Market by size, state, and projection through 2029.

The 34 countries that are supposed to be desirable travel destinations for industry stakeholders are covered by the report. The important players chosen for benchmarking and profiling are chosen based on their probable investment criteria, regional dominance, and global reach. The supply-side contribution of each local, regional, and international actor to the overall market has been taken into account.

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Airless Tires Market Overview:

In order to determine the total size of Airless Tires market by countries and segments, the report conducted a micro level analysis of each nation. The size of the regional and global markets is assessed using a bottom-up methodology. By doing a micro-level analysis of each country, it is possible to determine the contribution of the unorganized market to the overall market size. The Airless Tires market determine the extensive research for the business firm, and provide the latest drivers, restraints, and opportunities for Airless Tires market. The results are then verified through interviews with local business leaders. The secondary research and analysis of the same are done using both paid and unpaid data bases. Consumption in each country by kind and supply by each player are sourced from legitimate government databases, paid databases, and, in the case of listed firms, company annual reports. If a company’s annual reports are not made public, they might be obtained from the tax department of the local government.

Airless Tires Market size was valued at US$ 48.70 Mn. in 2021 and the total revenue is expected to grow at 5.7% of CAGR through 2022 to 2029, reaching US$ 75.88 Mn.

Airless Tires Market Dynamics:

MMR Research is a targeted and practical research approach that makes it possible to examine the key market dynamics by both established and developing regions of the globe. Additionally, our experts undertake in-depth analyses of geographical areas to give clients and organisations the chance to excel in specialised industries and grow in developing global markets. This market research study also highlights the dynamically shifting Player landscape that affects the market’s growth.

Airless wheels expected to prevent flat tires on future automobiles

The most significant benefit of using airless tyres is that people do not have to worry about a flat tyre because tyres without air cannot go flat. Flat tyres and other air loss failures caused by punctures or road hazards make drivers feel safe and secure on the road. There will be no need to carry a spare because you will not be changing or repairing a flat. This could result in more trunk space, less weight, and better mileage.

Noisy airless tires are restraining the market growth

Airless tires are substantially noisier than standard air-filled tires, which is one of their major drawbacks. Although technology is advancing to reduce this, airless tires still transmit more vibration into the car than conventional tires

High price of airless tires hampering the market growth

Airless tires are now somewhat pricey, at least for the time being. Depending on the size and kind, for example, Michelin Tweel can cost up to USD 750 per wheel (about £630 in the UK), although that price is for a tyre and wheel combo. These can only be used on little UTV-style commercial vehicles and have a top speed of only 38 mph.
They are also expected to be initially rather pricey if and when larger airless tyres are made available for regular passenger vehicles. However, if they gain popularity and are used more frequently, the high costs may gradually decrease.
Not all airless tires improve co2 emissions

While Bridgestone asserts that vehicles equipped with their airless tyres may emit fewer CO2 emissions than vehicles equipped with standard tyres, not everyone confirms. Some claim that the majority of airless tires do, in fact, have a bigger contact patch than conventional tires, which increases their rolling resistance. A car’s engine may become less effective as a result of having to expend more gasoline and energy to move the wheels, which also raises CO2 emissions. This could have a negative impact on the battery life and range of electric vehicles.

Airless Tires Market Segment:

Material type, based on material rubber material dominates the airless tire market. Rubber has a high load capacity and is a cost-effective material. A game-changing invention in the rubber tire industry is airless tires. At the Tire Technology Expo Conference, the Michelin Group, a worldwide tire manufacturer with headquarters in France, received praise for its brand-new UPTIS puncture-proof airless prototype. Manufacturers of rubber tires have been forced to develop airless tires as a result of changing mobility requirements and escalating environmental issues in the automotive sector.

Unique change in the automobile industry is stimulating advancements in sustainable mobility. Airless tires are a cutting-edge, puncture-proof alternative to traditional rubber tires for passenger cars. High-tech materials are being used by rubber tire manufacturers to create airless tires that improve energy efficiency, require less maintenance, and use less material.

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Regional Analysis:

On the basis of geography, the Airless Tires market is segmented into 5 main regions and they are- North America, Europe, Asia Pacific, the Middle East, Africa, and South America respectively.

Research methodology:

The size of the global Airless Tires market is estimated and validated using the top-down and bottom-up methodologies.
Different industry classification standards are strictly adhered to by players in order to reach an exhaustive list of functional and relevant players. A thorough validation test is also carried out in order to locate the most pertinent players for the survey in the Airless Tires market.
With the aid of paid databases like Factiva, Bloomberg, etc., priority lists are sorted depending on revenue generated based on most recent reporting.
Finally, the questionnaire was defined and specifically designed to meet all the needs of collecting primary data by prior appointment, targeting the main target groups, incl. This helps us collect data on player revenue, operating cycle and expenses, profit and product or service growth, among other things. Almost 70-80% of the data is collected through primary media and further validated through various secondary sources including regulators, World Bank, associations, company websites, SEC filings, OTC BB, USPTO, EPO, annual reports, press releases etc.

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Airless Tires Market Key players:

• Bridgestone
• Hankook
• Sunitomo Rubber Industries (Japan)
• Amerityre Corporation (U.S.)
• Michelin (France)
• Toyo Tire and Rubber Co. Ltd. (Japan)
• Cooper Tire (U.S.)
• Tannus Ltd. (Korea)
• Continental Corporation
• Evolution Wheel
• McLaren Industries

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