These tyres can reduce carbon emissions due to the elimination of energy loss in tyre resistance. Apart from these benefits, airless tyres also have low environmental impact. Moreover, consumers are using these tyres to eliminate the need for spare tyres, as well as for the high productivity in applications involving the manufacturing, farming, construction, and mining sectors. Growing Number of Benefits of Airless Tyres Over Pneumatic Tyres to Bolster the Growth of the Airless Tyres IndustryĪirless tyres provide improved load-bearing capability, driving performance, and good environmental compatibility.
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. On the basis of vehicle type, the industry can be divided into: The market is divided based on sales channel into: They are also used in heavy equipments such as backhoes, which are required to work in areas such as construction sites, where the risk of tyre piercing is high.īased on material, the industry can be segmented into: They are used in small vehicles such as lawn mowers and golf carts. military so that they can travel in uneven and difficult terrain.Īirless tyres or flat-free tyres are those that do not need to be supported by air pressure. For example, Resilient Technologies and Michelin provide these wheels to the U.S. Moreover, industrial players in the region remain focused on providing the product for military and defence purposes. North America is expected to drive the market demand in the forecast period owing to the roll-out of these tyres in military operations and operational vehicles across the region. North America to Provide Enhanced Growth Opportunities to the Airless Tyres Industry Read more about this report - REQUEST FREE SAMPLE COPY IN PDF In addition, increasing focus of tyre manufacturers such as Goodyear and Michelin to build tyres for commercial vehicles and catalyse upon its increasing demand is anticipated to further strengthen the market growth. Thus, the rising demand for tyres to sustain through tough road conditions in heavy-duty vehicles will support the market growth.
These offer higher durability and less wear and tear compared to regular tyres.
For example, in January 2020, Bridgestone, one of the leading industry players, announced the launch of airless tyres for commercial vehicles. The commercial vehicles segment is expected to see lucrative profits in the forecast period as a result of the ongoing efforts of industry players to introduce airless/non-pneumatic tyres (NPT) for commercial vehicles. Increasing Demand for Commercial Vehicles to Augment the Airless Tyres Industry Growth The global airless tyres market is expected to grow at a CAGR of 5% in the forecast period of 2022-2027.
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