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Airless Tires Market is Moving Fast! | Major Key Companies are Bridgestone, The Goodyear Tire & Rubber Company, Hankook Tire America Corp., Michelin, Sumitomo Rubber do Brasil

05-08-2020 07:49 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: DecResearch.com

Airless Tires Market is Moving Fast! | Major Key Companies

The global airless tires market is bifurcated into different segments on the basis of product, material, vehicle, sales channels, and regional landscape.

Considering the regional landscape, the MEA airless tires market accounts for around 6% share in the overall market revenue. Rising commercial as well as military vehicle sales in the region will increase product demand over the projected timeframe.

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The global airless tires market is anticipated to witness momentous growth over the coming years owing to the rising demand from a plethora of vehicle segments. The overall demand to keep introducing new as well as continuous advancements across the global auto industry indicates that airless tires would considered a welcome new step forward for the automotive sector as well as the consumers.

Today, a majority of airless tires present on the global market are manufactured either using plastic or solid rubber. Trailers, lawnmowers, and golf carts are among a few examples where these tires are actively being used on a commercial scale.

When it comes to airless tires, consumers would never need to worry about their tires getting punctured and leaking air, because airless tires do not have any air that can leak and render the vehicle immobile. For a majority of drivers, this new feature will revolutionize the way they commute or plan their road travels as it eliminates a big pain point of flat tires and the uncertainty that comes with it.

When a vehicle runs over a jagged or a sharp object on the road, the driver would not have to worry that the vehicle would get a flat tire. This end to the old days of switching out flat tires on the highway would be a welcome change for drivers everywhere.

Since consumers would not need to change anymore flat tires, it would completely eliminate the need to haul an extra tire in the vehicle trunk. Similar to cars that use run-flat tires, this airless tire feature can free up additional trunk space. No need for carrying a spare also means that vehicle will weigh less, and this less weight can further help the vehicle achieve a better fuel economy.

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Airless tires may also deliver an array of other specific benefits to trucks that are used across industrial applications. In mining, farming, as well as construction sectors, tire failures can cause significant a loss of efficiency and productivity. In such cases, tires that never puncture or leak would be a substantial advancement for the airless tires market.

Airless tires are also more sustainable, these tires use less amount of raw materials and require less energy for their production. They also reduce the amount of tires scrapped due to damage or puncture. They would eliminate most commonplace wear and tear issues caused by under or over inflation, and can reduce driving risks associated with sudden flats and blowouts.

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DecResearch.com, powered by GMI, is an online aggregator of information on market research reports. The website provides comprehensive information as well as a detailed 'Table of Contents' for reports being regularly published by GMI. Via this platform, users not only get to answers to their questions about these reports, they also have an additional avenue to talk to the sales and research teams of GMI to learn more about the topics of their interest.

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