Press release
Airless Tires Market 2018 Key Players are Bridgestone, Michelin, Goodyear Tire and Rubber Company, Hankook, Resilient Technologies, Toyo Tires, Sumitomo Rubber Industries
Airless Tires Market
Airless Tires Market has indeed gained a commendable acclaim over the recent years, especially amidst the backdrop where disruptive tech driven trends are aptly reshaping the mobility sector. Given that forces like diverse mobility, connectivity, autonomous driving, and electrification are already on the horizon, it is expected that airless tires industry would soon conveniently establish itself as the next lucrative investment avenue. This is apparently vivid from the estimates that claim the global airless tires market to have garnered a revenue of USD 120 million in 2016. The growth is chiefly driven by the increasing demand for these next generation tires in heavy off-load vehicles, widely used across the military sector. In fact, military vehicles procured a prominent chunk of the airless tires industry landscape in 2016 and is anticipated to record a CAGR of 9% over 2017-2024.
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The concept of 3D printing is deemed to bring a disruption of sorts in the airless tires industry. Having recognized the immense potential of this technology, market players have been increasingly experimenting with 3D printing to unlock its credibility to the fullest. Quoting a recent case, Michelin, one of the leading airless tires market firms has recently made its way to the front page with the launch of its airless 3D printed tire. This breakthrough model is reportedly based on alveolar structure, similar to that of air sacs found on human lungs. That is to say that the interior of the tires are structurally solid while the outer layer is flexible, which prevent blowouts. What adds an extra feather to its hat is the product’s environmental viability – it is printed from biodegradable, organic, and recyclable materials.
Top Key Players:-
The key players of global Airless Tires Market are Michelin, Goodyear Tire and Rubber Company, Bridgestone, Hankook, Resilient Technologies, Toyo Tires, and Sumitomo Rubber Industries.
Regional Segmentations:-
North America airless tires market is predicted to capture around 26% of the revenue share by 2024 owing to high usage in military sector combined with manufacturers initiatives. Asia Pacific airless tires market will capture maximum revenue share with more than USD 57 million over the study period. Increasing production of military and commercial vehicles, particularly in emerging nations is significantly contributing in regional revenue generation. Presence of established industry players such as Toyo Tires and Sumitomo Rubber Industries will further support the regional growth rate.
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Major Points of Table Of Content:-
Chapter 3. Airless Tires Market Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Raw material suppliers
3.3.2. Manufacturers
3.3.3. Distribution channel analysis
3.3.4. Vendor matrix
3.3.4.1. Overview of current and planned plants for airless tires market production
3.4. Technology landscape
3.5. Raw material analysis
3.5.1. Rubber
3.5.2. Plastic
3.6. Regulatory landscape
3.6.1. North America
3.6.2. Europe
3.6.3. Asia Pacific
3.6.4. Latin America
3.6.5. MEA
3.7. Industry best practices & key buying criteria
3.8. Pricing analysis
3.8.1. Regional pricing
3.8.2. North America
3.8.3. Europe
3.8.4. Asia Pacific
3.8.5. Latin America
3.8.6. MEA
3.8.7. Cost structure analysis, 2016
3.9. Industry impact forces
3.9.1. Growth drivers, By region
3.9.1.1. NA
3.9.1.2. EU
3.9.1.3. APAC
3.9.1.4. LATAM
3.9.1.5. MEA
3.9.2. Industry pitfalls & challenges
3.10. Innovation & sustainability
3.11. Growth potential analysis
3.12. Porter's analysis
3.13. Competitive landscape, 2016
3.13.1. Strategic dashboard
3.14. PESTEL analysis
Chapter 4. Airless Tires Market, By Product
4.1. Global airless tires market share by product, 2016 & 2024
4.2. Radial
4.2.1. Market estimates and forecast, 2013-2024
4.2.2. Market estimates and forecast, by region, 2013-2024
4.3. Bias
4.3.1. Market estimates and forecast, 2013-2024
4.3.2. Market estimates and forecast, by region, 2013-2024
Chapter 5. Airless Tires Market, By Vehicle
5.1. Global airless tires market share by vehicle, 2016 & 2024
5.2. Military vehicles
5.2.1. Market estimates and forecast, 2013-2024
5.2.2. Market estimates and forecast, by region, 2013-2024
5.3. LCV
5.3.1. Market estimates and forecast, 2013-2024
5.3.2. Market estimates and forecast, by region, 2013-2024
5.4. HCV
5.4.1. Market estimates and forecast, 2013-2024
5.4.2. Market estimates and forecast, by region, 2013-2024
5.5. Terrain vehicles
5.5.1. Market estimates and forecast, 2013-2024
5.5.2. Market estimates and forecast, by region, 2013-2024
5.6. Utility vehicles
5.6.1. Market estimates and forecast, 2013-2024
5.6.2. Market estimates and forecast, by region, 2013-2024
5.7. Motorcycles
5.7.1. Market estimates and forecast, 2013-2024
5.7.2. Market estimates and forecast, by region, 2013-2024
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It is vividly coherent that technological upgradations in product design and deployment are the top-notch parameters underlining the strategic landscape of this fraternity. The business space is set to garner an appreciable popularity across APAC belt, especially by the extensive growth of military and commercial vehicle sectors in China and India. APAC airless tires market is slated to hold more than 30% of the global landscape by 2024. All in all, with automotive OEMs increasingly exploiting the potential of these cutting-edge tires for overall weight reduction and performance enhancement of the vehicles, airless tires industry is likely to witness a slew of opportunities over the ensuing years. The global revenue share is projected to surpass USD 200 million by 2024.
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