Airless Tires Market
- 4100.00 Dollar US$
- Published date: January 15, 2021
- Pune, ahanu, Maharashtra, India
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.
Airless Tires Market
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, 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.
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