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Airless Tires Market: Global Key Vendors - Michelin, Bridgestone, Hankook and More

11-21-2018 11:53 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Prognosis

Industry Benefits
Rising acceptance from heavy commercial and off-road vehicles coupled with high deployment in military segment, especially in developed countries of North America will primarily drive the airless tires market share over the forecast timeline. Proliferating demand of utility vehicles such as lawn mowers, golf carts, etc, will further escalate the revenue generation. Major tire manufacturers across the globe including Bridgestone, Michelin, and Hankook are investing heavily on R&D for the development of these tires, inducing immense growth potential to the airless tires market size till 2025.

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Non-pneumatic tires are currently produced by recyclable plastic or rubber, making them eco-friendly in nature. Moreover, provision of benefits such as durability, puncture proof, and rugged applications will further strengthen the product penetration. 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.
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. For instance, Bridgestone developed tires of contact area information system (CAIS). These tires are equipped with sensors that are responsible for monitoring the road surface and communicating real time information with the driver.
Most airless tires market participants are continuously focusing on mass production of these tires. For instance, Bridgestone has been developing airless tire design that is anticipated to be adopted in bicycles and two wheelers by 2019. Similarly, Hankook has been developing a non-pneumatic tire model. Michelin is selling its tire, “Tweel” for commercial vehicles including such as lawnmowers and front-end loaders and for terrain vehicles. These regular developments for different applications will pave opportunistic ways for the airless tires market growth over the next eight years.

Market Top Player’s
• Michelin
• Bridgestone
• Hankook

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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
Market Segments
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Bias Tires
• Radial Tires
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
• ATV
• Golf Carts
• Others
Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering
• United States
• EU
• China
• Japan
• South Korea
• India

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About Us
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

Contact
ProgMark Pvt Ltd,
Thane - 421501
India. Contact- +1 973 241 5193
Email- sales@marketprognosis.com

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