The market for airless tires has changed significantly as a result of the invention of tires that don't require air pressure to operate. These special tires have drawn a lot of interest in a range of applications as a result of their many advantages and capacity to replace conventional pneumatic tyres. The next generation of car tires, airless tires, are already found on bicycles, military vehicles, and many commercial and utility vehicles. They are soon to be seen on passenger cars.
Global Airless Tire Market Driving Factors and Challenges
Although the airless tyre is made of solid polyurethane, it looks pneumatic and has a sawtoothed tread. In terms of bounce and load management, it functions similarly to an air-filled tyre, but without the need for regular tyre inflation to keep the tyre from becoming flat. Because it is made of solid rubber, an airless tyre rolls more smoothly and gently and absorbs more shock than a tyre loaded with foam. Because there is no tubing, the airless tyre can roll over a collection of rocks, glass, and nails without losing air.
Airless tyres are more expensive than conventional tyres. The demand for airless tyres is decreased by customer ignorance, despite the fact that they are less expensive in the long run than standard tyres. Furthermore, the comfort and familiarity that consumers have with conventional tyres have a negative impact on the growth and development of the global airless tyre market. Scaling up production processes results in complex requirements and related expenses. It will be necessary to overcome technological obstacles and streamline manufacturing procedures in order to simplify the mass production of airless tyres.
Impact of COVID-19 on Global Airless Tire Market
The COVID-19 pandemic had a major effect on the market for airless tyres, delaying production and distribution due to manufacturing difficulties and supply chain interruptions. Airless tyre technology is gaining more attention despite lower consumer expenditure, as the epidemic has brought attention to the critical role that safety and dependability play in industries such as agriculture, the military, and logistics. The epidemic has increased demand for automobiles like delivery trucks and industrial equipment by accelerating the adoption of e-commerce and last-mile delivery services. Due to their durability and resistance to punctures, airless tyres are becoming a more appealing choice.
Airless Tire Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as Michelin, Hankook Tyre & Technology Co., Ltd., Ameritire Corporation, Bridgestone Corporation, Continental AG, The Goodyear Tyre & Rubber Company, Toyo Tyre Corporation, The Yokohama Rubber Co., Ltd., Michelin, and Sumitomo Rubber Industries, Ltd.
Global Airless Tire Market Segmentation:
By Type: Based on the Type, Global Airless Tire Market is segmented as; Radial Tires, Bias Tires.
By Material: Based on the Material, Global Airless Tire Market is segmented as; Rubber, Plastic.
By Vehicle Type: Based on the Vehicle Type, Global Airless Tire Market is segmented as; Military Vehicles, Passenger & Commercial Vehicles, All-terrain Vehicles, Utility Vehicles, Two-wheelers.
By Rim Size: Based on the Rim Size, Global Airless Tire Market is segmented as; Less than 15 Inches, 15 to 20 Inches, More than 20 Inches.
By Sales Channel: Based on the Sales Channel, Global Airless Tire Market is segmented as; OE, Aftermarket.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.