Airless Tires Market-converted

1. Airless Tires Market – Global Industry Analysis and Forecast (2019- 2026) Airless Tires Market is estimated to reach US$ XX Mn by 2026 in terms of revenue at CAGR of XX% in the forecast period of 2019-2026. The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region. Rising acceptance from heavy commercial and off-road vehicles coupled with high deployment in the military segment, especially in developed countries of North America will primarily drive the airless tires market share. Major tire manufacturers across the globe including Bridgestone, Michelin, and Hankook are investing heavily on R&D for the development of these tires, inducing immense growth potential for the market till 2026. A rising focus of governments on agricultural sector across the globe has resulted in increased demand for agricultural machinery, leading to increased production of airless tires. Manufacturers are focusing on overcoming the challenges associated with these tires such as vibration and noise by regular technological advancements. For instance,

2. Bridgestone developed tires of contact area information system (CAIS). These tires are equipped with sensors that are responsible for monitoring the road surface and communicating real-time information with the driver. The airless tires market is segmented based on product, vehicle, material, tire size, sales channel, and geography. By product type, the airless tires market is segmented into radial and bias. Under this, radial is expected to hold the major market share in the forecast period. By vehicle, the market is segmented as military vehicles, LCV, HCV, terrain vehicles, utility vehicles, and motorcycles. HCV is the major vehicle where the airless tires are highly demanded and thus, it is expected to hold major market share in the forecast period. Geographically, the airless tires market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia-Pacific is expected to be the largest market for airless tires during the forecast period of 2018-2026. Substantial production of military and commercial vehicles, especially in China and India will primarily drive the airless tires market growth. Initiatives from major manufacturers for the development of these tires will further support the region’s dominance. North America is projected to be the fastest growing market for Airless Tires with the high demand of airless tires across the region, especially from military sector. Key player across the Airless Tires industry are Michelin, Goodyear Tire and Rubber Company, Bridgestone, and Hankook. Geographic expansion is among the major strategies adopted by the industry players to strengthen their presence in the airless tires market. For instance, in November 2014, Michelin opened the first manufacturing plant, solely dedicated to the production of airless radial tires for commercial vehicles. New product development is another strategy that has continuously gained traction among industry players. For instance, in July 2016, Hankook announced the completion of the testing process on its iFlex airless tire. Further, the company announced that the tire is totally composed of environment-friendly materials. This innovation helped the company to enhance its visibility in the airless tires market.

3. For more informationof visit: https://www.maximizemarketresearch.com/market-report/airless-tires- market/12119/ The Scope of the Market: Market, By Product • Radial • Bias Market, By Vehicle • Military Vehicles • LCV • HCV • Terrain Vehicles • Utility Vehicles • Motorcycles Market, By Material • Rubber • Plastic Market, By Tire Size • <20 inches • 21-25 inches • 26-30 inches • 31-35 inches • >35 inches

4. Market, By Sales Channel • OEM • Aftermarket Market, By Geography • North America • Europe • Asia-Pacific • Middle East & Africa • Latin America Key Players operating in the Market: • Michelin • Goodyear Tire and Rubber Company • Bridgestone • Hankook • Sunitomo Rubber Industries (Japan) • Amerityre Corporation (U.S.) • Michelin (France) • Toyo Tire and Rubber Co. Ltd. (Japan) • Cooper Tire (U.S.) • Tannus Ltd. (Korea) • Continental Corporation

5. • Evolution Wheel • McLaren Industries • Trelleborg AG • GRI Tires • Tannus Ltd • Marathon Industries inc. • SciTech Industries • CST • Yokohama Tire Corporation This Report Is Submitted By :Maximize Market Research Company Customization of the report: Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities. About Maximize Market Research: Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.