Advantages of non-pneumatic tires (airless tires) over conventional tires such as less maintenance, flat tires and long life of non-pneumatic tires are driving growth of non-pneumatic tires market all across the globe.” Non-pneumatic tires also called as airless tires are developed as a substitute for the conventional tires which provides performance advantages in terms of life of an automotive tire. Non-pneumatic tires are becoming popular among off-road vehicle and low-speed electric vehicle manufacturers. Global non-pneumatic tires (airless tires) market is expected to expand significantly at a CAGR of 45.8% over the forecast period owing to high R&D investments by tire manufacturers to overcome the drawbacks of non-pneumatic tires in order to bring this technology in mass production for global market in nearby future. North America holds the major share of global non-pneumatic tires market and is expected to maintain its dominance over the forecast period of 2016-2024. North America nom-pneumatic tires market is rising on the back of factors such as implementation of non-pneumatic tires in military vehicles and golf carts. Rising expenditures in defence sector to modernize the military equipment and military vehicles in United States is anticipated to foster the growth of non-pneumatic tires production for this sector.
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• By Vehicle Type
o Passenger Vehicles
o Commercial Vehicles
• By Usage Type
o Multi Utility Vehicles
o All-Terrain Vehicles
o Material Handling Equipment
o Motorbikes and Bicycles
o Low Speed Electric Vehicles (LSEV)
o Passenger Cars
o Military Vehicles
o Other (Lawnmowers, Trailers etc.)
• By Geography
o North America (US, Canada)
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe)
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa)
o Latin America (Brazil, Mexico and Rest of Latin America)
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific)
o Rest of the World
“Global Non-Pneumatic Tires Market Outlook 2024” contains detailed overview of the global non-pneumatic tires market in terms of market segmentation by vehicles type and by usage type.
Further, for the in-depth analysis, the Non-Pneumatic Tires Market Report report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Global Non-Pneumatic Tires Market Report also provides competitive outlook of some of the major players which includes profiling of companies such as Goodyear Tire and Rubber Company, Michelin Inc., Hankook Tire Group, Yokohama Tire Corp., Resilient Technologies etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global non-pneumatic tires market trends that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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