Airless Tires Market Analysis With opportunity segments

The Business Research Company’s Airless Tires Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033

LONDON, GREATER LONDON, UK, June 27, 2024 /EINPresswire.com/ -- The global airless tires market, which eliminates the need for air or fuel inflation, has seen substantial growth, increasing from $1.15 billion in 2023 to $1.22 billion in 2024, with a CAGR of 6.5%. This growth is attributed to applications in military, mining, industrial sectors, and agricultural machinery, driven by reliability and reduced maintenance needs.

Driving Factors
The market is poised for strong growth, projected to reach $1.53 billion by 2028 at a CAGR of 5.7%. Factors such as government regulations, logistics efficiency, performance enhancement demands, consumer convenience preferences, and advancements in autonomous vehicles contribute to this growth.

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Major Players and Market Trends
Key players like Continental AG, Michelin Group, and Bridgestone Corporation are focusing on partnerships and innovations. For instance, Michelin's partnership with DHL aims to equip delivery vans with Michelin UPTIS airless tires, enhancing efficiency and eliminating tire pressure concerns.

Trends
Emerging trends include adoption in passenger vehicles, 3D printing for manufacturing, integration into sustainable transport solutions, retail availability, aftermarket demand, and enhanced traction capabilities.

Segments
• Type: Radial Tires, Bias Tires
• Material: Rubber, Plastic
• Vehicle: Military Vehicles, Commercial and Passenger Vehicles, All-Terrain Vehicles, Utility Vehicles, Two Wheelers
• Rim Size: Less Than 15 Inches, 15-20 Inches, More Than 20 Inches
• Sales Channel: OEM, Aftermarket

Regional Insights
Asia-Pacific led the market in 2023 and is expected to be the fastest-growing region. Comprehensive regional insights provide detailed analysis and growth opportunities.

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Airless Tires Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Airless Tires Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on airless tires market size, airless tires market drivers and trends, airless tires market major players, competitors' revenues, market positioning, and market growth across geographies. The airless tires market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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