Pune,10, April, 2023: Maximize Market research, an Automotive and Transportation business research firm has published a report on the “Airless Tires Market”. The total market opportunity for Airless Tires was USD 48.70 Mn in 2021 and is expected to grow at 5.7 percent CAGR through the forecast period to reach USD 75.88 Mn by 2029.
Airless Tires Market Report Scope and Research Methodology
The report includes qualitative and quantitative analysis of the Airless Tires Market based on segmentation involving economic and non-economic factors. It also includes an in-depth analysis of the Airless Tires industry from various perspectives by employing Porter’s five forces analysis. The report provides insight into the Airless Tires Market through the value chain. The report offers historical data and forecasts revenue growth at country, regional and global levels along with an analysis of the market trends in each of the sub-segments and regions. The competitive landscape in the report includes details by competitors including company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The bottom-up approach was used to estimate the global and regional Airless Tires Market size.
Airless Tires Market Dynamics
The market is expected to be driven by an increasing number of heavy commercial vehicles such as heavy-duty trucks and heavy construction equipment due to urbanization. The market is primarily driven by increasing demand for all-terrain and military vehicles, the growing automotive sector and technological advancements to minimize tire noise and vibration.
The high capital investments and raw material prices are expected to restrain the Airless Tires Market growth. The market growth is also expected to be hampered by the limited performance of solid tires with respect to suspension and friction along with heat dissipation issues.
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Airless Tires Market Regional Insights
The Asia Pacific region is the largest Airless Tires Market due to the rapid growth of the automotive industry in developing countries such as China, Japan and India. This growth of the regional market is attributed to the easy availability of raw materials, the presence of major manufacturers and increased vehicle ownership.
The Airless Tires Market in the North America region is expected to grow at the highest CAGR during the forecast period. The growth of the regional market is attributed to the increasing use of airless tires in terrain, military and utility vehicles.
Airless Tires Market Segmentation
By Material
By Vehicle Type
By Sales Channel
Airless Tires Key Competitors include:
Table of Content for Airless Tires Market
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Key questions answered in the Airless Tires Market report are:
Key Offerings:
Maximize Market Research is leading Automotive and Transportation research firm, has also published the following reports:
Rubber Tire Market – The market size is expected to reach USD 198.18 billion by 2029 at a CAGR of 3.99 percent during the forecast period. The market is expected to be driven by the increasing investments by tire manufacturing companies in research and development.
Bicycle Tire Market – The market size is expected to reach USD 11.31 billion by 2029 at a CAGR of 6.3 percent during the forecast period. The market is expected to be driven by increasing awareness among people about health benefits such as strengthening the immune system, weight loss, decreasing heart diseases and mental well-being.
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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Media ContactCompany Name: MAXIMIZE MARKET RESEARCH PVT. LTD.Contact Person: Geeta YevleEmail: Send EmailPhone: +91 9607365656Address:3rd Floor, Navale IT Park, Phase 2, Pune Banglore Highway, Narhe,City: PuneState: MaharashtraCountry: IndiaWebsite: https://www.maximizemarketresearch.com/market-report/airless-tires-market/12119/