1 / 7

Airless Tires Market Growth Analysis & Forecast Report | 2023-2032

As per the report, the airless tires industry size from the rubber material segment is expected to surpass USD 30 million by 2032. Airless tires made using rubber function as a movable cushion and can better withstand the impact of vibrations and automobile-based shocks. New innovations in rubber technology will aid market players to develop advanced airless rubber tires. For instance, in 2020, Goodyear announced that it will launch tires using sustainable materials by the end of 2030. The company will also begin testing an airless tire on delivery robots at Ohiou2019s Bowling Green State Universi

sudeepkedar77
Download Presentation

Airless Tires Market Growth Analysis & Forecast Report | 2023-2032

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Airless Tires Market Growth Analysis & Forecast Report | 2023-2032

  2. Industry Insights • Airless Tires Market is projected to cross USD 85 Mn by 2032. Increasing investments in the defense sector would support the deployment of airless tire technology in military vehicles. These tires can endure tough terrain and other environmental conditions. Features like puncture resistance and reduced weight would eliminate the need for military vehicles to carry a spare tire. • This further reduces the weight of these vehicles and cuts the time used to repair punctured tires. Ongoing geopolitical tensions and conflicts between nations would ramp up the demand for military vehicles fitted with airless tires. For instance, the recent Russia-Ukraine conflict has driven the demand for combat vehicles over the last year.

  3. Airless tires market share from the passenger & commercial vehicle segment is anticipated to observe more than 19.5% CAGR between 2023 and 2032. Rising sales for passenger vehicles and a need for puncture-resistant tires will drive product penetration. Many industry players are working on developing new airless tires specifically for the commercial sector. For instance, in 2023, Michelin partnered with DHL to test the airless tire dubbed Uptis. As part of this partnership, more than 50 DHL express vans will be using puncture-proof tires in Singapore by the end of 2023. • As per the report, the airless tires industry size from the rubber material segment is expected to surpass USD 30 million by 2032. Airless tires made using rubber function as a movable cushion and can better withstand the impact of vibrations and automobile-based shocks. New innovations in rubber technology will aid market players to develop advanced airless rubber tires. For instance, in 2020, Goodyear announced that it will launch tires using sustainable materials by the end of 2030.

  4. Regional Analysis • North America airless tires market is expected to be worth USD 23 million by 2032. In the US, ATVs are used for emergency medical response, land management, ranching and farming, small-scale forest activities, etc. The use of ATVs for agriculture purposes is high as it eases the process of farming like sowing seeds, applying chemicals, inspecting the farm, and much more. As the demand for ATVs increases, the application of airless tires in ATVs will also increase. New product launches and advancements in airless tire technology would foster regional market growth. • Competitive Analysis • Toyo Tires, Bridgestone Corporation, Hankook Tires, Resilient Techn Resilient Technologies, LLC., The Michelin Group., Sumitomo Rubber Industries., Goodyear Tire & Rubber Corporation.

  5. Airless Tires Market @ https://www.gminsights.com/industry-analysis/airless-tires-market Request for sample of this research report @ https://www.gminsights.com/request-sample/detail/1390 Request for customization: https://www.gminsights.com/roc/1390

  6. Stay In Touch Social Media:

  7. THANK YOU www.gminsights.com

More Related