#Airless Tires Market Challenges
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Airless Tires Market to See Huge Growth by 2030
Global Airless Tires Market Report from AMA Research highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns & country along with competitive landscape, player’s market shares, and strategies that are key in the market. The exploration provides a 360° view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improved profitability. In addition, the study helps venture or private players in understanding the companies in more detail to make better informed decisions. Some are the key & emerging players that are part of coverage and have being profiled are Michelin Group (France), Cooper Tire & Rubber Company (United States), Goodyear Tire & Rubber Company (United States), Hankook Tire Group (South Korea), Bridgestone Corporation (Japan), Tannus Ltd. (United Kingdom), Toyo Tires (Japan), Sumitomo Rubber Industries (Japan), Amerityre Corporation (United States), Kenda Rubber Industrial Company (Taiwan), Marathon Industries, Inc. (United States). Get Free Exclusive PDF Sample Copy of This Research @ https://www.advancemarketanalytics.com/sample-report/27848-global-airless-tires-market The airless tire is tires which are not upheld by air pressure. It is used in small vehicles, for example, riding yard cutters and mechanized golf trucks. They are additionally used in irresistible hardware, such as excavators, which are required to work on locales, for example, building obliteration, where the danger of tire punctures is high. Tires made out of shutting cell polyurethane froth are also made for bikes and wheelchairs. The main thing which must be considered when trying to design a non-pneumatic tire is the issue of deformation. The tire must be strong enough to hold the car and withstand a large amount of abuse, and also be able to deform slightly when it comes in contact with the road.
The titled segments and sub-section of the market are illuminated below:
by Type (Radial, Bias), Vehicle (Light Commercial Vehicles, Heavy Commercial Vehicles, Military Vehicles, Passenger Cars, Two-Wheelers), Sales Channel (Original Equipment Manufacturers, Aftermarket), Material (Rubber, Plastic)
Market Trends:
Evolving More Reliable and Seamless Airless Tire Design
Increasing Emphasis on 3D-Printed Airless Tires
Opportunities:
Upsurge in Demand for Airless Tires in Aftermarket and Technological Advancements
Market Drivers:
Prevent Accidents Due To Blowouts and Punctures Which Ensure Safety
Rise in Number of Heavy Commercial Vehicles Due To Urbanization
Global Airless Tires market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to help the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years. Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & AfricaCountry Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc. Have Any Questions Regarding Global Airless Tires Market Report, Ask Our Experts@ https://www.advancemarketanalytics.com/enquiry-before-buy/27848-global-airless-tires-market Points Covered in Table of Content of Global Airless Tires Market:
Chapter 01 – Airless Tires Executive Summary
Chapter 02 – Market Overview
Chapter 03 – Key Success Factors
Chapter 04 – Global Airless Tires Market - Pricing Analysis
Chapter 05 – Global Airless Tires Market Background
Chapter 06 -- Global Airless Tires Market Segmentation
Chapter 07 – Key and Emerging Countries Analysis in Global Airless Tires Market
Chapter 08 – Global Airless Tires Market Structure Analysis
Chapter 09 – Global Airless Tires Market Competitive Analysis
Chapter 10 – Assumptions and Acronyms Chapter 11 – Research Methodology Read Detailed Index of full Research Study at @https://www.advancemarketanalytics.com/reports/27848-global-airless-tires-market Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia. Contact US : Craig Francis (PR & Marketing Manager) AMA Research & Media LLP Unit No. 429, Parsonage Road Edison, NJ New Jersey USA – 08837 Phone: +1 201 565 3262, +44 161 818 8166 [email protected]
#Global Airless Tires Market#Airless Tires Market Demand#Airless Tires Market Trends#Airless Tires Market Analysis#Airless Tires Market Growth#Airless Tires Market Share#Airless Tires Market Forecast#Airless Tires Market Challenges
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Heavy Duty Tire Market
Heavy Duty Tire Market
The Heavy Duty Tire Market encompasses tires used in heavy machinery and industrial vehicles across industries such as construction, mining, agriculture, and industrial operations. These tires are designed to endure the extreme demands of harsh environments, offering high durability, traction, and performance under tough conditions. With the expansion of infrastructure projects, mining operations, and agricultural activities, the demand for heavy-duty tires continues to grow globally.
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Market Key Trends
Several key trends are shaping the growth of the heavy-duty tire market:
Increasing Infrastructure Development: Global investments in infrastructure development, particularly in emerging economies, have fueled demand for construction machinery. As heavy-duty vehicles like excavators and bulldozers require specialized tires, this trend drives the market’s expansion.
Advancements in Tire Technology: Innovations in tire manufacturing, such as the development of eco-friendly, high-performance, and longer-lasting tires, are contributing to market growth. Manufacturers are increasingly focused on improving fuel efficiency and reducing the carbon footprint of their products, aligning with global sustainability efforts.
Rising Agricultural and Mining Activities: The growing demand for heavy-duty tires in agriculture and mining machinery is another significant driver. Both sectors are expected to see growth due to increasing demand for food production and minerals, respectively.
Shift Towards Radial Tires: Radial tires are becoming more popular in the heavy-duty segment due to their superior performance, fuel efficiency, and longer lifespan compared to bias tires. This shift is also contributing to the market's positive growth trajectory.
Driving Factors in the Heavy Duty Tire Market
Several key factors are contributing to the expansion of the heavy-duty tire market:
Increased Industrialization: As industries continue to expand across the globe, the need for heavy machinery, such as mining trucks, agricultural equipment, and construction vehicles, is surging. These machines require durable and high-performance tires capable of withstanding challenging work environments.
Technological Advancements: The advent of advanced tire technology, such as smart tires and airless tire systems, is revolutionizing the market. These innovations not only enhance the performance of heavy-duty vehicles but also help in improving fuel efficiency and reducing downtime for maintenance.
Demand for Sustainability: With increasing pressure on industries to reduce their environmental impact, the heavy-duty tire market is experiencing a shift toward eco-friendly and sustainable products. Manufacturers are responding by developing tires with longer service lives, lower rolling resistance, and recyclable materials.
Growing Agricultural Demand: The expanding global population and increasing agricultural demand are driving the need for more efficient agricultural machinery. Tires designed for tractors, harvesters, and other agricultural equipment are increasingly being sought after to meet the needs of modern farming operations.
Opportunities in the Heavy Duty Tire Market
Untapped Emerging Markets: Rapid industrialization in countries across Asia Pacific, Latin America, and Africa presents a significant opportunity for tire manufacturers to expand their presence in these regions. As infrastructure development, mining, and agriculture continue to grow, so does the demand for heavy-duty tires.
Electric and Autonomous Vehicles: The rise of electric and autonomous vehicles in industrial applications offers an exciting new market segment for heavy-duty tires. Tires that support these new vehicle types must be designed with specific requirements, such as higher durability, performance, and compatibility with autonomous technology.
Replacement Market Growth: The growing aftermarket demand for tire replacements presents a lucrative opportunity for companies in the heavy-duty tire market. Tires have a limited lifespan, and as machinery usage increases, the need for replacement tires is set to rise.
Heavy Duty Tire Market Segmentation
The heavy-duty tire market can be segmented based on vehicle type, end-user, and other factors.
By Vehicle Type:
Construction Machinery: Tires used in bulldozers, cranes, loaders, and other construction vehicles are crucial to the market. The demand for these tires is expected to rise as construction projects continue to proliferate worldwide.
Mining Machinery: Heavy-duty tires are essential for mining trucks, loaders, and other machinery in mining operations. The growing demand for natural resources and the expansion of mining activities worldwide directly boosts the demand for high-performance tires.
Agricultural Machinery: Tires for tractors, harvesters, and other agricultural vehicles are seeing a rise in demand, particularly in emerging economies where agriculture is a major sector of the economy.
Industrial Vehicles: Tires used in forklifts, material handling vehicles, and other industrial vehicles are crucial for supply chain management and logistics. The demand for these tires continues to grow with the increasing demand for e-commerce and global trade.
By End-User:
OEM (Original Equipment Manufacturer): Manufacturers of construction, mining, agricultural, and industrial vehicles are major customers for heavy-duty tires, as these tires are supplied with new machinery.
Aftermarket: Replacement tires for heavy-duty vehicles make up a significant portion of the market. As the demand for machinery increases, so does the need for replacement tires, driving growth in this segment.
Market Segmentation: https://straitsresearch.com/report/heavy-duty-tire-market/segmentation
Top Key Players in the Heavy Duty Tire Market
Key players in the global heavy-duty tire market include:
Bridgestone Corporation
Continental Tires
Balkrishna Industries Limited (BKT)
Michelin
Titan Tire Corporation
Sumitomo Rubber Industries, Ltd.
Trelleborg AB
The Goodyear Tire & Rubber Company
JK Tyre & Industries Ltd.
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Automobile Vacuum Tire Market Snapshot and Growth Forecasts 2024 - 2032
The automobile industry is continuously evolving, and one of the recent advancements that has garnered attention is the vacuum tire technology. This article delves into the intricacies of the automobile vacuum tire market, exploring its significance, benefits, challenges, and future trends.
Understanding Vacuum Tires
The automobile vacuum tire market is poised for significant growth driven by advancements in technology, a focus on safety, and an increasing demand for sustainable products. While challenges remain.
What are Vacuum Tires?
Vacuum tires, often referred to as airless tires, are designed to operate without the need for traditional inflation. They utilize a unique structure that eliminates the risk of punctures and flat tires. Instead of air pressure, these tires maintain their shape and support through a series of interconnected rubber or composite materials.
How Vacuum Tires Work
The design of vacuum tires consists of a robust outer shell with an internal support structure. This configuration allows the tire to absorb shocks and provide a comfortable ride while maintaining a consistent contact patch with the road. The absence of air pressure means there’s no risk of losing air, which enhances safety and reliability.
Market Overview
Market Size and Growth
The global automobile vacuum tire market has witnessed significant growth in recent years. Factors such as increasing vehicle production, rising demand for safer and more reliable tire options, and advancements in tire manufacturing technologies contribute to this growth.
Key Market Drivers
Safety and Reliability: The primary appeal of vacuum tires is their enhanced safety profile. The elimination of punctures and air loss reduces the risk of accidents, making them attractive to consumers.
Sustainability: Vacuum tires often use recyclable materials, aligning with the growing emphasis on eco-friendly products. This sustainability factor resonates with consumers who are increasingly environmentally conscious.
Technological Advancements: Innovations in materials and design have improved the performance of vacuum tires, making them more viable for various vehicle types, including electric vehicles (EVs).
Competitive Landscape
Major Players
The vacuum tire market features several key players, including:
Michelin: Known for its advanced tire technology, Michelin has invested in developing vacuum tire solutions.
Bridgestone: Bridgestone is actively researching and implementing airless tire technologies to enhance safety and durability.
Goodyear: With a focus on innovation, Goodyear is working on airless tires that cater to both consumer and commercial vehicles.
Market Challenges
Despite the promising prospects, the vacuum tire market faces several challenges:
Higher Production Costs: The manufacturing process for vacuum tires can be more complex and costly compared to traditional tires, which may hinder widespread adoption.
Consumer Awareness: Many consumers are still unfamiliar with vacuum tires and their benefits, which poses a barrier to market growth.
Regulatory Hurdles: Compliance with various regulations and standards in different regions can complicate market entry for manufacturers.
Future Trends
Innovations on the Horizon
The future of the automobile vacuum tire market looks promising, with several trends emerging:
Integration with Smart Technologies: As the automotive industry moves towards smart vehicles, integrating vacuum tires with monitoring systems could enhance performance and safety.
Expansion in Electric Vehicle Segment: With the rise of electric vehicles, vacuum tires may become a preferred option due to their lower rolling resistance and improved efficiency.
Global Expansion: As awareness grows and technology advances, the vacuum tire market is likely to expand beyond its current geographical boundaries, reaching emerging markets.
Conclusion
The potential benefits of vacuum tires make them a compelling choice for consumers and manufacturers alike. As the industry evolves, staying abreast of developments in this sector will be crucial for stakeholders aiming to capitalize on this innovative technology.
#Automobile Vacuum Tire Market Size#Automobile Vacuum Tire Market Trend#Automobile Vacuum Tire Market Growth
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Airless Tires Market Insights: Comprehensive Global Forecast (2023-2032)
The global demand for Airless Tires was valued at USD 1102.2 million in 2023 and is expected to reach USD 1709.8 million in 2032, growing at a CAGR of 5.00% between 2024 and 2032.
Airless tires market is a burgeoning sector within the broader automotive and transportation industry, characterized by the development and commercialization of tires that do not require air pressure to maintain their shape and functionality. These tires, also known as non-pneumatic tires (NPT), are constructed from durable materials like rubber and plastic composites, often featuring a unique spoke or honeycomb structure that provides support and flexibility. The market is driven by several key factors, including the increasing demand for maintenance-free and puncture-proof tires, which offer enhanced reliability and longevity compared to traditional pneumatic tires. Airless tires are particularly appealing for use in harsh environments and applications such as military vehicles, construction machinery, and agricultural equipment, where the risk of punctures is high and downtime is costly.
Despite the higher initial cost and some limitations in ride comfort and speed compared to conventional tires, the market is poised for significant growth, driven by the increasing emphasis on sustainability, safety, and cost-efficiency in vehicle operations. The adoption of airless tires is expected to expand as these technological and economic benefits become more pronounced, making them a viable alternative in various vehicle segments.
Airless Tires: Key Points
Construction:
Made from durable materials such as rubber and plastic composites.
Often feature a unique structural design, such as spokes or a honeycomb pattern, to provide support and flexibility.
Advantages:
Puncture-Proof: Eliminate the risk of flats and blowouts, enhancing safety and reliability.
Maintenance-Free: Require less maintenance compared to traditional pneumatic tires, as they do not need to be inflated.
Durability: Typically have a longer lifespan due to their robust construction.
Applications:
Ideal for use in harsh environments and demanding applications, such as military vehicles, construction machinery, and agricultural equipment.
Increasingly being explored for mainstream automotive use, including passenger cars and light trucks.
Performance:
Improved reliability in challenging conditions where traditional tires are prone to punctures.
Some limitations in ride comfort and speed performance compared to conventional pneumatic tires.
Market Drivers:
Growing demand for maintenance-free and puncture-resistant tires.
Advancements in materials and manufacturing technologies improving the feasibility and performance of airless tires.
Emphasis on sustainability, safety, and cost-efficiency in vehicle operations.
Higher initial cost compared to traditional tires.
Limited availability and adoption in the consumer market.
Ongoing development needed to enhance ride comfort and performance.
Future Outlook:
The market for airless tires is expected to grow as technological advancements continue and the benefits of airless tires become more widely recognized.
Potential for significant adoption in various vehicle segments as the technology matures and becomes more cost-effective.
Major Key Players-
Ameritire Corporation
Bridgestone Corporation
Continental AG
Hankook Tire & Technology Co., Ltd.
Michelin
Sumitomo Rubber Industries, Ltd.
The Goodyear Tire & Rubber Company
Toyo Tire Corporation
The Yokohama Rubber Co., Ltd.
Trelleborg
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Airless Tires Market Trends-
Technological Advancements:
Continuous innovation in materials and design to enhance the performance and durability of airless tires.
Development of advanced manufacturing techniques to reduce production costs and improve scalability.
Increased R&D Investment:
Major tire manufacturers, including Michelin and Bridgestone, are heavily investing in research and development to refine airless tire technology.
Focus on improving ride comfort, load-bearing capacity, and speed capabilities.
Commercialization and Pilot Programs:
Several companies are conducting pilot programs and field tests in collaboration with automotive and industrial partners.
Early commercialization efforts targeting niche markets such as military, construction, and agriculture.
Sustainability Focus:
Growing emphasis on sustainability is driving interest in airless tires, which offer reduced waste and longer service life compared to traditional tires.
Potential for airless tires to be made from recyclable materials, further enhancing their environmental appeal.
Automotive Industry Adoption:
Increasing exploration of airless tires for use in passenger cars and light trucks, driven by the promise of maintenance-free operation and enhanced safety.
Potential integration with electric and autonomous vehicles, which require low-maintenance and reliable tire solutions.
Regulatory Support and Safety Standards:
Development of industry standards and regulatory frameworks to ensure the safety and performance of airless tires.
Government and industry initiatives to promote the adoption of innovative tire technologies.
Consumer Awareness and Acceptance:
Growing consumer awareness of the benefits of airless tires, including their puncture-proof nature and reduced maintenance needs.
Education and marketing efforts by manufacturers to highlight the advantages and address any concerns related to ride quality and cost.
Cost Reduction Efforts:
Ongoing efforts to reduce the manufacturing and material costs of airless tires, making them more competitive with traditional pneumatic tires.
Economies of scale expected as production volumes increase and technology matures.
Expansion into New Markets:
Exploration of new market opportunities in emerging economies where infrastructure development and industrial activities are growing.
Potential for significant market growth in regions with harsh operating conditions that benefit from the durability and reliability of airless tires.
Partnerships and Collaborations:
Collaboration between tire manufacturers, automotive companies, and technology firms to accelerate the development and deployment of airless tires.
Strategic partnerships to leverage expertise and resources, facilitating faster market penetration and innovation.
Segmentation
By Material Composition:
Rubber-based Airless Tires
Polyurethane-based Airless Tires
Plastic-based Airless Tires
Composite-based Airless Tires
Others
By Type of Airless Tires:
Radial Airless Tires
Bias Airless Tires
Belted Airless Tires
Non-Belted Airless Tires
By Application:
Military and Defense Vehicles
Off-road Vehicles (e.g., ATVs, UTVs, golf carts)
Commercial and Industrial Vehicles (e.g., forklifts, skid steers, construction equipment)
Lawn and Garden Equipment (e.g., lawn mowers, tractors, wheelbarrows)
Bicycles and Electric Scooters
Wheelchairs and Mobility Aids
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Tire Market: Trends, Challenges, and Future Outlook
In the bustling world of automotive industries, the tire market stands as a crucial cornerstone, shaping not just transportation but also influencing global economies. As vehicles traverse varied terrains and climates, tires play a pivotal role in ensuring safety, efficiency, and performance. With the continuous advancements in technology, shifting consumer preferences, and environmental concerns, the tire market is witnessing dynamic changes, presenting both challenges and opportunities for stakeholders.
Understanding the Current Landscape
Tire Market Overview: The tire market encompasses a vast array of segments, including passenger vehicles, commercial vehicles, off-highway vehicles, and specialty vehicles. The global Automotive Tire market size is estimated to be worth US$ 134990 million in 2022 and is forecast to a readjusted size of US$ 167870 million by 2028 with a CAGR of 3.7% during the review period. According to recent research reports, the global tire market is experiencing steady growth, driven by factors such as increasing vehicle production, rising disposable incomes, and expanding automotive aftermarket services.
Market Share and Revenue: Leading tire manufacturers vie for market share, constantly innovating to gain a competitive edge. Companies such as Michelin, Bridgestone, Goodyear, and Continental consistently feature among the top players in terms of revenue and market presence. Their strategies encompass product diversification, technological advancements, and strategic partnerships to capture a larger market share.
Industry Analysis: The tire industry undergoes rigorous analysis to identify emerging trends, consumer preferences, and competitive landscapes. Market research reports delve deep into various aspects such as tire types (radial, bias), materials (rubber, synthetic), and end-users (OEMs, aftermarket).
Trends Shaping the Future
Shift towards Sustainable Solutions: With increasing environmental consciousness, there's a notable shift towards eco-friendly tire solutions. Manufacturers are exploring alternatives to traditional rubber, incorporating recycled materials, and developing tires with lower rolling resistance to enhance fuel efficiency.
Rise of High-Performance Tires: Enthusiasts and consumers alike are driving the demand for high-performance tires, seeking superior handling, grip, and durability. This segment encompasses not only sports cars but also performance-oriented SUVs and sedans, presenting lucrative opportunities for tire manufacturers.
Technological Innovations: The tire industry is witnessing a surge in technological innovations, including the development of airless tires, intelligent tires embedded with sensors for real-time monitoring, and advancements in tire manufacturing processes such as 3D printing and nanotechnology.
Digital Transformation: Digitalization is revolutionizing the tire industry, from online tire sales platforms to tire pressure monitoring systems (TPMS) integrated into vehicles. Data analytics and artificial intelligence are being leveraged to optimize tire performance, predict maintenance needs, and enhance overall driving safety.
Challenges to Navigate
Supply Chain Disruptions: The tire industry, like many others, faces challenges stemming from supply chain disruptions, raw material shortages, and geopolitical uncertainties. Striking a balance between global sourcing and local production becomes essential to mitigate risks and ensure continuity.
Regulatory Compliance: Stringent regulations pertaining to tire manufacturing, labeling, and disposal pose compliance challenges for manufacturers. Adhering to standards related to safety, emissions, and sustainability requires continuous adaptation and investment in R&D.
Market Fragmentation: The tire market is inherently fragmented, with diverse consumer preferences, regional variations, and vehicle-specific requirements. Tailoring product offerings to meet varied demands while maintaining economies of scale presents a balancing act for manufacturers.
Future Outlook
Despite challenges, the future of the tire market appears promising, driven by innovation, sustainability initiatives, and technological advancements. As electric vehicles gain prominence, the demand for specialized tires optimized for EV performance is expected to rise. Moreover, the advent of autonomous vehicles opens new avenues for tire manufacturers, necessitating tires capable of meeting the unique demands of self-driving technology.
Conclusion
The tire market remains dynamic and resilient, adapting to changing landscapes while catering to evolving consumer needs. By embracing innovation, sustainability, and digital transformation, stakeholders can navigate the complexities of the tire industry and emerge stronger in the competitive global market. As we journey towards a future of mobility, tires will continue to be the foundation upon which safe and efficient transportation relies.
#Tire Market#Tire Market Share#Tire Market Revenue#Tire Market Growth#Global Tire Industry#Tire Market Future Outlook#Tire Industry Analysis#Tire Industry Research Reports
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Airless Tire Market Analysis by Size, Share, Growth, Trends up to 2027
The latest market research released by The Insight Partners- “Growth Projections on Airless Tire Market – Statistics and Facts” is the one-stop solution for all Airless Tire market-related queries. Companies willing to excel in the competitive Airless Tire market are foreseen to face some challenges. This report offers a thorough picture of those challenges to prepare businesses to tackle them in…
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Airless Tires Market: Industry Potential, Trends and forecast to 2032
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.
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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. The company will also begin testing an airless tire on delivery robots at Ohio’s Bowling Green State University. Such developments are expected to boost the airless tire market growth in the coming years.
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According to the research report, 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.
Partial chapters of report table of contents (TOC):
Chapter 2 Executive Summary
2.1 Airless Tires Market industry 3600 synopsis, 2018 – 2032
2.1.1 Business trends
2.1.2 Vehicle trends
2.1.3 Material trends
2.1.4 Product trends
2.1.5 Sales channel trends
2.1.6 Regional trends
Chapter 3 Airless Tires Industry Insights
3.1 Industry segmentation
3.2 Industry size and forecast, 2018 – 2032
3.2.1 COVID-19 impact on industry landscape
3.3 Industry ecosystem analysis
3.3.1 Raw material suppliers
3.3.2 Manufacturers
3.3.3 Distribution chain analysis
3.3.4 Sales Channel
3.3.5 ) Shareholder profit margin analysis
3.3.6 Vendor matrix
3.4 Regulatory landscape
3.5 Technology and innovation landscape
3.6 Patent analysis
3.7 Pricing analysis
3.7.1 Cost structure analysis
3.8 Industry impact forces
3.8.1 Growth drivers
3.8.1.1 Growing demand for all terrain and military vehicles
3.8.1.2 Technological advancements in the products
3.8.1.3 Superior product efficiency as compared to conventional products
3.8.2 Industry pitfalls & challenges
3.8.2.1 Manufacturing complexity and high product cost
3.9 Porter’s analysis
3.10 PESTEL analysis
3.11 Russia-Ukraine war impact analysis
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Bahrain Tire Market Share, Outlook, Report 2023-2029
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Bahrain tire market size at USD 886.4 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects Bahrain tire market size to grow at a significant CAGR of 6.36% reaching a value of USD 1,352.8 million by 2029. Rising sales of passenger, luxury, and electric vehicles (EVs) as a result of rapid urbanization and rising consumer spending power are one of the key factors driving the demand for tires in Bahrain. The increasing emphasis on driver and passenger safety to reduce fatal traffic accidents is fueling the demand for premium quality tires with a longer operational life, improved stability and reliability, and high puncture resistance. Airless, lightweight, and three-dimensional (3D) printed variants are being introduced by major players. They are working hard to recover and recycle old tires to reduce their negative environmental impact and save a significant amount of energy required to manufacture new ones.
Qatar Tire Market – Overview
A tire surrounds the rim of the wheel to transfer the weight of a vehicle from the axle through the wheel to the ground and to provide traction on the surface the wheel travels over. Most tires, including those for automobiles and bicycles, are pneumatically inflated and also provide a flexible cushion to absorb shock as the tire travels over irregular surfaces. Applying a bearing pressure that will not cause the surface to deform excessively allows the contact patch, the footprint that tires provide, to be made to match the weight of the vehicle with the bearing capacity of the surface it rolls over.
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Opportunity: Construction industry expansion spurring demand for vehicles & tires
The government's increased focus on infrastructure improvements, which has led to quickly accelerating construction projects and rising sales of medium and heavy commercial vehicles, is the main factor boosting tire demand in Bahrain. The major players expect profitable growth opportunities to increase their import and distribution capacities to meet the nation's rising demand for tires in the upcoming years.
Challenge: Strict regulations on carbon emissions and fluctuating raw material prices
The primary factors that may restrict the extensive use of rubber in tire production and, consequently, the expansion of the tire market are mounting concerns over carbon emissions and onerous government regulations designed to cut them. Another significant factor that is likely to restrict the market's growth in the upcoming years is the fluctuating price of raw materials, which has an effect on the overall cost of producing tires and makes it challenging for tire manufacturers to set a fixed price.
Impact of COVID-19 on Bahrain Tire Market
The decelerating effects of the Covid-19 pandemic in Bahrain in 2020 had an impact on both the automotive and tire industries in diverse ways. Even though the government imposed strict movement restrictions and frequent lockdowns to stop the spread of this terrible disease, the top market players faced several first-time challenges, particularly regarding the production, importation, and distribution of tires throughout the country. Several significant issues hampered market growth, including project cancellations, supply chain disruptions that resulted in a lack of raw materials, and delays in the delivery of previously produced goods.
Bahrain Tire Market – By Tire Type
Bahrain tire market is segmented into Radial (Tube and Tubeless), and Bias tires. In terms of market share, the radial segment holds a sizable share of the Bahrain tire market. Tubeless tires, which are part of the radial segment, are typically found on motorcycles because of their low rolling resistance and slow rate of deflation. As tube tires consume more fuel than tubeless tires, the demand for tubeless tires is expected to rise throughout Bahrain.
Competitive Landscape
Bahrain tire market is fiercely competitive. Major companies in the market include Bridgestone, Michelin, Goodyear, Continental, Pirelli, Pirelli, Continental, Dunlop, Yokohama, BF Goodrich, Cooper Tire, and Firestone. The companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the Bahrain tire market.
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As the popularity of electric fat-tire bikes continues to rise, more people purchase them to explore their local off-road trails. For novice cyclists, they allow them to travel farther and discover new areas they may not have thought possible before.
But, with so many fat tire bikes available on the market today, it can be challenging to decide which one to buy. This article will give you six things you should know about electric fat tire bikes to make the best decision possible when buying your next bike.
6 Incredible Things about Electric Fat Tire Bikes
Electric Fat Tire Bikes' Tires
There are many advantages to a fat-tire bike, but one of the best is that it improves traction. A thicker tire means less rolling resistance, which means you will go faster with more control. E-bikes usually have wide, airless tires between 4.8 and 5 inches in diameter. Moreover, their added weight and decreased cumulated pressure allow extra contact surface and cushion of durability and maneuverability. That extra cushion comes in handy on snow and ice!
Electric Fat Tire Bikes' Brake System
The typical electric fat tire bike has 3 or 4 levels of pedal assist. This means you can select exactly how much assistance you need. If you’re riding alone, a higher level means greater assistance; on group rides or in busy traffic, a lower level will help keep your battery from draining before you reach your destination. There are two types of braking systems for electric fat bikes: mechanical and hydraulic disc brakes. Mechanical brakes are usually more affordable but offer less control and stopping power than hydraulic discs.
Pedal-Assist
If you’re planning on taking your e-bike off-road, the pedal-assist of your electric fat-tire bike will be your best friend. Pedal-assist bikes are equipped with sensors that keep track of how hard you’re working and adjust how much assistance you get accordingly. While all e-bikes use some form of power to help propel you forward, pedal-assist systems do so in a more seamless fashion than others.
Range of the Battery
The range of an electric bike depends on various factors, such as battery capacity, the efficiency of pedaling, and overall weight. A stronger cyclist can go farther with energy from a single charge than a less strong one. The average range is 15 to 50 miles per charge, depending on how often you pedal and how much your body weighs.
Cost
Like any high-end bike, electric fat-tire bikes cost a pretty penny, ranging from $2,000 to over $5,000. Keep in mind that cheaper models might lack many of these awesome features. So if you’re looking for an e-bike on a budget, there are some things you should look out for. Also, remember that all Electric Fat Bikes come with a manufacturer’s warranty, so you can always send them back if anything goes wrong.
Conclusion
Electric fat tire bikes are a fun ride, and with these bikes, you can easily go anywhere you want, whether it’s snow, sandy area, pavements, or parks. The e-bike market is multiplying day by day, but that doesn’t mean everyone should just jump on a bike with a battery. Before buying one, check out these essential things mentioned above to ensure you’re making an informed decision.
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Massive demand in Asia Pacific region propelling growth of Airless Tires Market in 2021
The latest report published by Profshare Market Research projects that Airless Tires Market is expected to show impressive CAGR of 7.2 % between 2019-27. The study covers detail market analysis, growth and forecast of the Airless Tires Market. The report includes market analysis on global as well country specific level. Historical data analysis from 2015 to 2019 is very important to forecast market for 2019 to 2027.
The report uses value chain analysis for each of the product segments. Value chain analysis offers in depth information about value addition at each stage of the product development. It is very important for organization to reduce cost of the final product without compromising much on quality. If organization receives correct value chain analysis information then it can ease the product manufacturing process to large extent. Seamless product delivery to consumer has become more important than it ever were, proper value chain analysis exactly delivers the same.
Access sample report @ https://www.profsharemarketresearch.com/inquiry/airless-tires-market-report-inquiry/
Major players in the Airless Tires Market are identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top manufacturers; whereas, primary research included key opinions of leaders and industry experts. The percentage splits, market shares, growth rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
Research report includes the extensive use of primary and secondary data sources. Research process focuses on multiple factors affecting the industry such as competitive landscape, government policy, historical data, market current position, Airless Tires Market trends, upcoming technologies & innovations as well as risks, rewards, opportunities and challenges. Study used very precise top-down and bottom-up approach in order to validate market revenue, volume, manufacturers, regional analysis, product segments and end users/applications.
Research report provides details analysis on drivers and restraints Airless Tires Market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. Research report includes in depth competitive analysis with shares of each player inside market, growth rate and market attractiveness in different end users/regions. Research study on Airless Tires Market helps user to make precise decision in order to expand market presence and increase market share.
Regional analysis of Airless Tires Market includes North America, Asia Pacific, Europe , Middle East & Africa as major region. These Major regions are further divided into countries like US, Canada, Mexico, Argentina, Brazil, Germany, England, France Italy, Netherlands, Spain, India, China, Singapore, Japan, Malaysia, South Korea & Australia. Regional outlook is one of the most important aspects of research study. Research study delivers clear picture of product market for various regions globally.
Access Full Report @ https://www.profsharemarketresearch.com/airless-tires-market/
Market Segmentation
Global Airless Tires Market: Product Type
Radial Tires
Bias Tires
Global Airless Tires Market: Application
Military Vehicles
Light Commercial Vehicles
Heavy Commercial Vehicles
Terrain Vehicles
Utility Vehicles
Motorcycles
Global Airless Tires Market: Competitive Analysis
Michelin
Bridgestone
Hankook
Goodyear Tire
Toyo Tires
Sumitomo Rubber Industries
Some of the important aspects of the Airless Tires Market study include:
Report heavily focuses on major market aspects such as Volume, Revenue, market share, concentration rate, supply-demand scenario, growth & challenges.
Market growth drivers, trends analysis, future scope, government policies as well as environmental aspects.
Study uses many important analytical techniques to reach highest level of data accuracy. These techniques includes Primary & secondary research, Porters five analysis, SWOT analysis, Qualitative analysis, market sizing.
About Profshare:
Profshare Market Research is a full service market research company that delivers in depth market research globally. We operate within consumer and business to business markets offering both qualitative and quantitative research services. We work for private sector clients, along with public sector and voluntary organizations. Profshare Market Research publishes high quality, in-depth market research studies, to help clients obtain granular level clarity on current business trends and expected future developments. We are committed to our client’s needs, providing custom solutions best fit for strategy development and implementation to extract tangible results.
Contact :
Prachi M.
Profshare Market Research
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Airless Tire Market Revenue, Regional & Country Share, Key Factors, Trends & Analysis, To 2030
Market Overview:
Airless tires are also known as non-pneumatic tire. Airless tires are not supported by air pressure. Non-pneumatic tires are currently produced by recyclable plastic or rubber. Airless tires composed of closed-cell polyurethane foam are also made for bicycles and wheelchairs. These tires are used in some small vehicles and heavy equipment such as such as riding lawn mowers, backhoes, motorized golf carts. Also airless tires are required on sites such as building demolition, where risk of tire punctures is high. Global Airless tire Market is expected to grow in the forecasted period, in 2017 market size of the Airless tire was XX million and in 2025 is expected to reach at XX million with growing CAGR of XX%.
Market Dynamics:
Airless tires are eco-friendly in nature. Moreover, provision of benefits such as durability, puncture proof, and rugged applications will further strengthen the product penetration. Rising focus of governments on agricultural sector across the globe has resulted in increased demand for agricultural machinery, leading to increased production of airless tires. Manufacturers are focusing on overcoming the challenges associated to these tires such as vibration and noise by regular technological advancements.
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However, excessive manufacturing cost coupled with low awareness about their benefits may hamper the non-pneumatic tires market growth over the forecast timeframe. Limited performance in case of friction, suspension, and high speed will further impact the airless tires market negatively
Market Players:
Airless Tire market hold some of the prominent players serving industries like Bridgestone, Goodyear Tire & Rubber Co., Hankook, Michelin, Resilient technologies, Sumitomo Rubber Industries and Toyo Tires.
Market Segmentation:
The report is based on market outlook and product scope. The market is segmented on the basis of Product, vehicle, tire size, material, sales channel and geography. The market for Airless Tire is driven by the growing demand for various different forms of applications globally. The rising demand for specialized tires such as airless tire from construction, mining, and agriculture machinery will drive the growth prospects for the global automotive airless radial tire market until the end of 2025. On the basis of region the market is segmented into North America, Latin America, Europe, Asia-Pacific and Middle East and Africa (MEA).
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Market segmented by product:
– Radial – Bias
Market segmented by Vehicle:
– Military vehicle – LVC – HCV – Terrain Vehicle – Utility Vehicle – Motorcycles
Market segmented by material:
– Rubber – Plastic
Market segmented on the basis of region:
– North America • US • Canada • Mexico – Europe • UK • Germany • France • Rest of Europe – Asia-Pacific • China • Japan • India • Australia • Rest of Asia-Pacific – Latin America • Brazil • Rest of Latin America – Middle East and Africa (MEA) • South Africa • Saudi Arabia • Rest of MEA
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Massive demand in Asia Pacific region propelling growth of Airless Tires Market in 2021
The latest report published by Profshare Market Research projects that Airless Tires Market is expected to show impressive CAGR of 7.2 % between 2019-27. The study covers detail market analysis, growth and forecast of the Airless Tires Market. The report includes market analysis on global as well country specific level. Historical data analysis from 2015 to 2019 is very important to forecast market for 2019 to 2027.
The report uses value chain analysis for each of the product segments. Value chain analysis offers in depth information about value addition at each stage of the product development. It is very important for organization to reduce cost of the final product without compromising much on quality. If organization receives correct value chain analysis information then it can ease the product manufacturing process to large extent. Seamless product delivery to consumer has become more important than it ever were, proper value chain analysis exactly delivers the same.
Access sample report @ https://www.profsharemarketresearch.com/inquiry/airless-tires-market-report-inquiry/
Major players in the Airless Tires Market are identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top manufacturers; whereas, primary research included key opinions of leaders and industry experts. The percentage splits, market shares, growth rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
Research report includes the extensive use of primary and secondary data sources. Research process focuses on multiple factors affecting the industry such as competitive landscape, government policy, historical data, market current position, Airless Tires Market trends, upcoming technologies & innovations as well as risks, rewards, opportunities and challenges. Study used very precise top-down and bottom-up approach in order to validate market revenue, volume, manufacturers, regional analysis, product segments and end users/applications.
Research report provides details analysis on drivers and restraints Airless Tires Market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. Research report includes in depth competitive analysis with shares of each player inside market, growth rate and market attractiveness in different end users/regions. Research study on Airless Tires Market helps user to make precise decision in order to expand market presence and increase market share.
Regional analysis of Airless Tires Market includes North America, Asia Pacific, Europe , Middle East & Africa as major region. These Major regions are further divided into countries like US, Canada, Mexico, Argentina, Brazil, Germany, England, France Italy, Netherlands, Spain, India, China, Singapore, Japan, Malaysia, South Korea & Australia. Regional outlook is one of the most important aspects of research study. Research study delivers clear picture of product market for various regions globally.
Access Full Report @ https://www.profsharemarketresearch.com/airless-tires-market/
Market Segmentation
Airless Tires Market Report: Product Type
Radial Tires
Bias Tires
Airless Tires Market Report: Application
Military Vehicles
Light Commercial Vehicles
Heavy Commercial Vehicles
Terrain Vehicles
Utility Vehicles
Motorcycles
Research report on Airless Tires Market includes competitive analysis that provides better insight of the major manufacturers of Airless Tires. These major players include:
Airless Tires Market: Company Analysis
Michelin
Bridgestone
Hankook
Goodyear Tire
Toyo Tires
Sumitomo Rubber Industries
Some of the important aspects of the Airless Tires Market study include:
Report heavily focuses on major market aspects such as Volume, Revenue, market share, concentration rate, supply-demand scenario, growth & challenges.
Market growth drivers, trends analysis, future scope, government policies as well as environmental aspects.
Study uses many important analytical techniques to reach highest level of data accuracy. These techniques includes Primary & secondary research, Porters five analysis, SWOT analysis, Qualitative analysis, market sizing.
About Profshare:
Profshare Market Research is a full service market research company that delivers in depth market research globally. We operate within consumer and business to business markets offering both qualitative and quantitative research services. We work for private sector clients, along with public sector and voluntary organizations. Profshare Market Research publishes high quality, in-depth market research studies, to help clients obtain granular level clarity on current business trends and expected future developments. We are committed to our client’s needs, providing custom solutions best fit for strategy development and implementation to extract tangible results.
Contact :
Kalyani D.
Profshare Market Research
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Airless Tires Market Research Report - Global Industry Forecast To 2023
Overview
Market Research Future (MRFR) announced the publication of its Cooked Research Report — Global Airless Tires Market 2020–2026
In terms of value, the airless tires market is projected to reach USD 63.6 million by 2026, registering a 9% CAGR during the forecast period.
The global airless tires market is driven by factors such as increasing demand for fuel-efficient tires, government regulations regarding tire labeling, and the need to eliminate the requirement of spare tires. However, the increasing raw material prices and less reliable options are expected to restrain the market growth. The growing demand for airless tires in fleets is expected to create growth opportunities for the market players.
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Competitive Analysis
The global airless tires market is characterized by the presence of many local, regional, and global vendors. The market is highly competitive, with all the players continually competing to gain a larger market share. High competition, rapid advances in technology, frequent changes in government policies, and stringent environmental regulations are some of the critical factors that could restrain the market growth. The vendors compete in terms of cost, product quality, reliability, and aftermarket services.
The growth of the vendors is dependent on market conditions, government support, and industrial development. Thus, the vendors should focus on expanding their presence and improving their services. Continental AG, Bridgestone, Michelin, Hankook Tire, and The Goodyear Tire & Rubber Company are some of the key players operating in the global market. These companies compete in terms of availability, quality, price, and technology and consider product development their key strategy in the global airless tires market. Although the international players dominate the market, regional and local players with small market shares also have a significant presence. The international players may strengthen their presence in the global market by heavily investing in product development during the forecast period.
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Segmental Analysis
Increasing demand for fuel-efficient tires, government regulations regarding tire labeling, and adoption for eliminating the requirement of spare tires will spur market growth. The global airless tires market has been segmented based on type, material, tire size, vehicle type, and sales channel.
Based on type, the global market has been segmented into radial tires and bias tires. In 2019, the radial tires segment accounted for the larger market share of 85.77%, with a total market value of USD 34.7 million. It is projected to register a 17.76% CAGR during the projected timeframe. Based on material, the global market has been segmented into rubber and plastic. In 2019, the plastic segment accounted for the larger market share of 73.35%, with a market value of USD 29.7 million. It is projected to register an 18.55% CAGR over the forecast period.
Based on the tire size, the global market has been segmented into <20 inches, 21–25 inches, 26–30 inches, 31–35 inches, and >35 inches. In 2019, the 26–30 inches segment accounted for the largest market share of 38.45%, with a total market value of USD 15.6 million. It is projected to register a 19.30% CAGR during the projected timeframe.
Based on vehicle type, the global market has been segmented into two-wheelers, passenger cars, light/heavy industrial/commercial vehicles, and trucks & buses. In 2019, the light/heavy industrial/commercial vehicles segment accounted for a considerable market share of 44.57%, with a market value of USD 18.0 million. It is projected to register a 15.50% CAGR over the forecast period.
Based on sales channel, the global market has been segmented into OEM and aftermarket. In 2019, the OEM segment accounted for the larger market share of 91.18%, with a market value of USD 36.9 million. It is projected to register a 17.47% CAGR during the projected timeframe.
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Regional Analysis
Based on region, the global airless tires market report has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.
Asia-Pacific has one of the biggestautomotive aftermarkets, owing to the automotive industry's rapid growth in countries such as China, India, and Japan. The increased demand for airless tires in the region can be credited to factors such as the growing construction activities, industrial development, and the rise in demand for fuel-efficient technologies. The region has abundant raw material suppliers, low labor costs, and favorable government guidelines in most countries in the region,such asJapan,China, and South Korea. These countries also have a strong focus on agriculture, and hence the demand for airless tires in the agriculture sector is also expected to be high.
The demand for airless tires in construction and industrial equipment vehicles is expected to drive the growth of the airless tires market in North America. Furthermore, the rising demand for high-performance industrial-grade tires, especially in the replacement market, is expected to offer lucrative opportunities to the airless tires market during the forecast period. Furthermore, in 2019, Canada renewed a signed Comprehensive Economic and Trade Agreement (CETA) with the EU and a free trade agreement with South Korea for vehicle exports, which is expected to offer promising growth opportunities for the airless tires market in Canada during the forecast period.
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Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
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Airless Tire Market Trends, Competitive Share and Forecasts 2018 - 2027
Market Overview:
Airless tiresare also known as non-pneumatic tire. Airless tires are not supported by air pressure. Non-pneumatic tires are currently produced by recyclable plastic or rubber. Airless tires composed of closed-cell polyurethane foam are also made for bicycles and wheelchairs. These tires are used in some small vehicles and heavy equipment such as such as riding lawn mowers, backhoes, motorized golf carts. Also airless tires are required on sites such as building demolition, where risk of tire punctures is high. Global Airless tire Market is expected to grow in the forecasted period, in 2017 market size of the Airless tire was XX million and in 2025 is expected to reach at XX million with growing CAGR of XX%.
Market Dynamics:
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Airless tires are eco-friendly in nature. Moreover, provision of benefits such as durability, puncture proof, and rugged applications will further strengthen the product penetration. Rising focus of governments on agricultural sector across the globe has resulted in increased demand for agricultural machinery, leading to increased production of airless tires. Manufacturers are focusing on overcoming the challenges associated to these tires such as vibration and noise by regular technological advancements.
However, excessive manufacturing cost coupled with low awareness about their benefits may hamper the non-pneumatic tires market growth over the forecast timeframe. Limited performance in case of friction, suspension, and high speed will further impact the airless tires market negatively
Market Players:
Airless Tire market hold some of the prominent players serving industries like Bridgestone, Goodyear Tire & Rubber Co., Hankook, Michelin, Resilient technologies, Sumitomo Rubber Industries and Toyo Tires.
Market Segmentation:
The report is based on market outlook and product scope. The market is segmented on the basis of Product, vehicle, tire size, material, sales channel and geography. The market for Airless Tire is driven by the growing demand for various different forms of applications globally. The rising demand for specialized tires such as airless tire from construction, mining, and agriculture machinery will drive the growth prospects for the global automotive airless radial tire market until the end of 2025. On the basis of region the market is segmented into North America, Latin America, Europe, Asia-Pacific and Middle East and Africa (MEA).
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Market segmented by product:
- Radial - Bias
Market segmented by Vehicle:
- Military vehicle - LVC - HCV - Terrain Vehicle - Utility Vehicle - Motorcycles
Market segmented by material:
- Rubber - Plastic Market segmented on the basis of region:
- North America • US • Canada • Mexico - Europe • UK • Germany • France • Rest of Europe - Asia-Pacific • China • Japan • India • Australia • Rest of Asia-Pacific - Latin America • Brazil • Rest of Latin America - Middle East and Africa (MEA) • South Africa • Saudi Arabia • Rest of MEA
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Global Airless Tires to Witness a Rapid Uptake in Commercial Vehicle Segment in the Foreseeable Future 2021 | Regional Trends, Company Profile, Future Prospects and Trends by Forecast 2023
Global Airless Tires Market: Segmental Analysis
The segmental analysis of the market has been conducted based on vehicle, material product, size, and sales channel.
By vehicle, the market has been segmented into two-wheelers, terrain vehicles, HCVs, LCVs, utility vehicles, and military vehicles. The HCVs segment is projected to witness a sound growth during the forecast period. This is mainly owing to the increased adoption of airless tires in HCV. Airless tires are gaining a significant momentum in various types of vehicles. These tires have high durability and can easily cope with challenges of rough terrains. Heavy commercial vehicles require lasting tire due their size and weight. As a result, airless tires are witnessing a quick uptake in the HCV segment.
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Based on material type, the market has been segmented into rubber and plastic. In terms of values, the rubber segment currently accounts for a noteworthy share of the market. However, the segment is likely to lose as considerable ground to the plastic segment as more and more tire manufactures shift towards plastic owing to its recyclability.
On the basis of product type, the market has been segmented into bias tires and radial tires. The later is expected to outperform the former during the forecast period. This is mainly owing to rising demand for airless radial tires. Feature such as exceptional shock absorbing ability, supports better fuel economy, superior flexibility and improves tensile strength make airless radial tires a sought-after tire variant.
By tire size, the market has been segmented into >35 inches, 31-35 inches, 26-30 inches, 21-25 inches and 20 inches. The 21-25 inches segment is expected to remain highly profitable in the forthcoming years. This is primarily owing to extensive used of tires with size ranging from 21 inches to 25 inches in heavy commercial vehicles and light commercial vehicles.
By sales channel, the market has been segmented into aftermarket and OEM. Of these, the OEM segment represent the majority share of the market and this trend is likely to continue throughout the assessment period. OEMs remain the largest distribution channel for airless tires.
Global Airless Tires Market: Regional Analysis
North America is expected to spearhead the global market for airless tires during the forecast period. Presence of a vast automotive sector coupled with the faster adoption rate in countries such as the U.S and Canada remains a major market driver in North America. Europe is also expected to remain an important market for airless tires over 2023. The automotive sector in region is high regulated, which continues to prompt automakers to adopt safer and more sustainable automotive parts or components including airless tires. The automotive industry is Europe is expected to present attractive growth opportunities to market players in the years to come. APAC has emerged as an important destination for tire manufactures in recent years over to rapid growth of the automotive manufacturing industry in the region more notably in China. Moreover, the region is also witnessing the rise new automotive brands, thereby adding more dimensions to the market in APAC.
Global Airless Tires Market: Competition Analysis
MRFR in its report has covered some of the top-notch market players namely Hankook Tire (South Korea), Pirelli (US), Amerityre Corporation (US), Toyo Tire & Rubber Co. Ltd. (Japan), Tannus Ltd. (Korea), Bridgestone Corporation (Japan), The Goodyear Tire & Rubber Company (US), Cooper Tire (US), Sunitomo Rubber Industries (Japan) and Michelin (France).
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Key Questions Addressed by the Report
What was the historic market size?
Which segmentation (Product/ Capacity) is driving market?
What will be the growth rate?
How are the key players in this market?
What are the strategies adopted by key players?
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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Bahrain Tire Market Growth, Analysis, Forecast 2023-2029
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Bahrain tire market size at USD 886.4 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects Bahrain tire market size to grow at a significant CAGR of 6.36% reaching a value of USD 1,352.8 million by 2029. Rising sales of passenger, luxury, and electric vehicles (EVs) as a result of rapid urbanization and rising consumer spending power are one of the key factors driving the demand for tires in Bahrain. The increasing emphasis on driver and passenger safety to reduce fatal traffic accidents is fueling the demand for premium quality tires with a longer operational life, improved stability and reliability, and high puncture resistance. Airless, lightweight, and three-dimensional (3D) printed variants are being introduced by major players. They are working hard to recover and recycle old tires to reduce their negative environmental impact and save a significant amount of energy required to manufacture new ones.
Qatar Tire Market – Overview
A tire surrounds the rim of the wheel to transfer the weight of a vehicle from the axle through the wheel to the ground and to provide traction on the surface the wheel travels over. Most tires, including those for automobiles and bicycles, are pneumatically inflated and also provide a flexible cushion to absorb shock as the tire travels over irregular surfaces. Applying a bearing pressure that will not cause the surface to deform excessively allows the contact patch, the footprint that tires provide, to be made to match the weight of the vehicle with the bearing capacity of the surface it rolls over.
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Opportunity: Construction industry expansion spurring demand for vehicles & tires
The government's increased focus on infrastructure improvements, which has led to quickly accelerating construction projects and rising sales of medium and heavy commercial vehicles, is the main factor boosting tire demand in Bahrain. The major players expect profitable growth opportunities to increase their import and distribution capacities to meet the nation's rising demand for tires in the upcoming years.
Challenge: Strict regulations on carbon emissions and fluctuating raw material prices
The primary factors that may restrict the extensive use of rubber in tire production and, consequently, the expansion of the tire market are mounting concerns over carbon emissions and onerous government regulations designed to cut them. Another significant factor that is likely to restrict the market's growth in the upcoming years is the fluctuating price of raw materials, which has an effect on the overall cost of producing tires and makes it challenging for tire manufacturers to set a fixed price.
Impact of COVID-19 on Bahrain Tire Market
The decelerating effects of the Covid-19 pandemic in Bahrain in 2020 had an impact on both the automotive and tire industries in diverse ways. Even though the government imposed strict movement restrictions and frequent lockdowns to stop the spread of this terrible disease, the top market players faced several first-time challenges, particularly regarding the production, importation, and distribution of tires throughout the country. Several significant issues hampered market growth, including project cancellations, supply chain disruptions that resulted in a lack of raw materials, and delays in the delivery of previously produced goods.
Bahrain Tire Market – By Tire Type
Bahrain tire market is segmented into Radial (Tube and Tubeless), and Bias tires. In terms of market share, the radial segment holds a sizable share of the Bahrain tire market. Tubeless tires, which are part of the radial segment, are typically found on motorcycles because of their low rolling resistance and slow rate of deflation. As tube tires consume more fuel than tubeless tires, the demand for tubeless tires is expected to rise throughout Bahrain.
Competitive Landscape
Bahrain tire market is fiercely competitive. Major companies in the market include Bridgestone, Michelin, Goodyear, Continental, Pirelli, Pirelli, Continental, Dunlop, Yokohama, BF Goodrich, Cooper Tire, and Firestone. The companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the Bahrain tire market.
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