According to MarkNtel Advisors study the Global Airless Tires Market is projected to grow at a CAGR of around 7% during the forecast period, i.e., 2022-27.
“In case you missed it, we are currently revising our reports. Click on the below to get the most latest research data with forecast for years 2024 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.”
Access Free Sample Report – https://www.marknteladvisors.com/query/request-sample/global-airless-tire-market.html
Key Findings of the Study: Airless Tire market
Key Driver: 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.
Growth Opportunity: Surging Demand for Electric Vehicles
Due to the growing crisis of fossil fuels, the automotive sector has been shifting toward Electric Vehicles (EVs) over the last few years. Due to this, the global airless tires market is likely to grow significantly by the perpetual demand for EVs in the forthcoming years. The added advantages of airless tires, such as puncture resistance, reduced overall vehicle weight, etc., would positively impact the global market. Also, leading key players in the EV industry like Toyota Group, Tesla Inc., etc., have shown major concerns for vehicle weight reduction. Therefore, these factors cite that the demand for airless tires would grow majorly for EVs in the years to come.
For more detailed information about the Airless Tire market report, click here – https://www.marknteladvisors.com/research-library/global-airless-tire-market.html
Scope of the Report and Airless Tire Market Segmentation:
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”
- 1” to 15”
- 1” to 18”
- 1” to 22”
- Above 22”
Here, Radial Airless Tires attained a significant market share, owing primarily to their increasing popularity due to their higher efficiency and lower fuel consumption properties than bias tires.
Geographical Analysis:
By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia Pacific
Of all regions globally, North America has witnessed significant market expansion in the past few years.
Note: If you require specific information not covered in the current report, we can provide it through customized option
Why choose Us?
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
For Media Inquiries, Please Contact:
Call: +1 628 895 8081 | +91 120 4278433
Email: sales@marknteladvisors.com
Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511
Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India