Press release
Airless Tire Market Report 2026: Goodyear Tire & Rubber Corporation, Hankook Tires, Resilient technologies, Sumitomo Rubber Industries, The Michelin Group, Toyo Tires, Harris Tires, Amerityre, Cooper Tire & Rubber Co
Airless Tire Market
Powered by the increasing need to ensure vehicle efficiency, airless tire market is gaining a remarkable momentum in the automotive vertical. The industry amassed an overall revenue of USD 120 million in 2016, driven by the increasing accidents resulting from punctures and blowouts and the damaging vibrations felt by heavy vehicles. For the record, airless or non-pneumatic tires offer a safer option as they are not supported by air pressure, rendering them invulnerable to punctures, regular wear and tear and the overall maintenance cost that the pneumatic tires are prone to.
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Speaking of the competitive scenario, tire companies worldwide have already shifted their focus towards the development of airless tire with companies like Bridgestone, Michelin and Hankook making the product landscape of airless tire industry rather dynamic. In this regard, emphasized by the initiatives taken by tire manufacturers to develop specialized tires and encourage their commercialization, airless tire produced using recyclable plastic materials is predicted to attract the maximum demand. As per estimates airless tires market share from plastic is anticipated to exceed USD 135 million by 2024.
The pioneer in airless tire for utility vehicles, Michelin, has launched the Michelin X Tweel UTV 26x9N14 airless radial tire for use in vehicles like the Polaris Ranger, Kawasaki Mule and other UTVs that are exposed to jagged terrains and hostile elements. These tires enable continuous mobility during long journeys or in remote areas and ensure supreme traction with the surface. Micheline has been developing the X Tweel range for years now and expects to make non-pneumatic tires for cars and two wheelers in the near future. Goodyear Tire & Rubber Co. has also recently released a non-pneumatic tire which is used as a replacement in lawnmowers.
Although like other upcoming markets, the initial cost of setting up airless tire manufacturing facilities is high, affecting their end prices. This fact compiled with low awareness of the products is currently shackling the segment growth. As airless tires are not yet widely commercialized, OEMs will maintain up to 94% share of market till 2024. However, with amplified production and marketing strategies, the aftermarket sector will show a healthy rate of progress. As per estimates, airless tire market size from aftermarket will register a CAGR of 10.5% over 2017-2024.
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Some Point from Table of Contents:
Chapter 5 Airless Tire Market, By Vehicle
5.1 Airless tires market share by vehicle, 2019 & 2026
5.2 Military vehicles
5.2.1 Market estimates and forecast, 2016 - 2026
5.2.2 Market estimates and forecast, by region, 2016 - 2026
5.3 LCV
5.3.1 Market estimates and forecast, 2016 - 2026
5.3.2 Market estimates and forecast, by region, 2016 - 2026
5.4 HCV
5.4.1 Market estimates and forecast, 2016 - 2026
5.4.2 Market estimates and forecast, by region, 2016 - 2026
5.5 Terrain vehicles
5.5.1 Market estimates and forecast, 2016 - 2026
5.5.2 Market estimates and forecast, by region, 2016 - 2026
5.6 Utility vehicles
5.6.1 Market estimates and forecast, 2016 - 2026
5.6.2 Market estimates and forecast, by region, 2016 - 2026
5.7 Motorcycles
5.7.1 Market estimates and forecast, 2016 - 2026
5.7.2 Market estimates and forecast, by region, 2016 - 2026
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