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Airless Tires Market: Exploring Opportunities with Market Size and Growth Projections

Global airless tires market is anticipated to grow at high CAGR during the forecast period, due to the rising deployment of airless tires in the military segment and increasing ride safety for preventing accidents caused due to tire punchers. Moreover, features such as easy puncture repair, reduced tire pressure and enhanced bump absorption, are driving the growth of the airless tires market. Owing to the low cost and high demand of the heavy commercial vehicle in the developing economies, the demand for bias tires is anticipated to grow at the highest rate until 2028. Manufactures are investing heavily in research and development of tire technologies to enhance their product portfolio. The major challenge with airless tires is high investment for setting up new manufacturing plant and volatile raw material prices which is hampering the growth in market.

Global airless tires market is segmented based on type, vehicle, sales channel, tire size, material and region. Based on the material, the market has been segmented into plastic and rubber. Due to the benefit of recycling, plastic material is the preferred choice of the manufacturers. Moreover, several companies have started developing recyclable airless tires and the demand is expected to increase in the future.

Regionally, Asia Pacific is anticipated to dominate the market during the forecast period due to the rising demand for military and commercial vehicles in countries like China and India. Some of the leading players in the global airless tires market include Michelin, Bridgestone, Hankook, Pirelli, and Cooper Tire, among others.

Objective of the Study:

To analyze and forecast the market size of global airless tires market, in terms of value and volume.
To classify and forecast global airless tires market based on type, vehicle, sales channel, tire size, material and regional distribution.
To identify drivers and challenges for global airless tires market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global airless tires market.
To conduct the pricing analysis for global airless tires market.
To identify and analyze the profile of leading players operating in the global airless tires market.

Browse full report with Table Of Content, Figures And Tables -https://www.techsciresearch.com/report/airless-tires-market/4804.html

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service offerings, distribution channels and presence of all major manufacturers across the globe.

TechSci Research calculated the market size of global airless tires market using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

Airless tire manufacturers, suppliers, distributors and other stakeholders
Government bodies such as regulating authorities and policy makers
Organizations, forums and alliances related to airless tires market
Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

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About TechSci Research:

TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.

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