According to a new report published by Transparency Market Research, the global airless tire market will grow significantly during the forecast period, i.e., 2018-2026, owing to the expansion of the construction industry in the developing countries, usage of advanced technologies in the agriculture industry, and the rise in demand for off-road vehicles. Additionally, these tires are more durable and hence, are expected to witness high demand. However, heat and noise generation during their working is likely to hamper the automotive airless radial tire market during the forecast period.
The TMR report has segmented the global airless radial tire market based on component, material, vehicle, and geography. In terms of component, the airless radial tire market is classified into metal hub, polyurethane fins, outer rings, and others. Metal hub acts as a flexible spoke, which deforms under pressure. Different types of polyurethane are utilized in tire manufacturing such as solid elastomer to flexible elastomer. Outer rings are utilized as a supporting structure. In accordance with material, the airless radial tire market is divided into synthetic rubber, natural rubber, carbon black, coated wires, and others. The percentage of natural rubber is higher in airless radial tires, as compare to other materials, owing to its advantages, cost benefits, availability, and ease of manufacturing. Likewise, coated wires are also used during the manufacturing of airless radial tires. Coated wires also prevents vibration during driving, which significantly affects the safety, strength and durability of tires.
On the basis of vehicle, the airless radial tire market is divided into passenger vehicle, commercial vehicle, utility vehicle, and off road vehicle. Generally, airless radial tires are used mostly for heavy commercial vehicles. An airless radial tire has a rigid hub, which is attached by flexible polyurethane spokes in a single unit, which increases the performance of the heavy commercial and off-road vehicle. In terms of region, the airless radial tire market is segmented into North America, Europe, Asia Pacific, Latin America, and Europe. Among these, Europe and North America are expected to lead the global airless radial tire market owing to the high rate of adoption of new technology in these region.
Some of the major players operating in the global airless radial tire market are MICHELIN, Hankook Tire, Sumitomo Rubber Industries, Goodyear Tire and others tire manufacturers who are looking forward to manufacture airless radial tires during the forecast period.
To request a sample of the airless radical tire market, kindly fill the form on https://technews4all.com/contact-us/.
About Us
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

Website: https://technews4all.com
Email: [email protected]