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(Transportation-News.com, August 15, 2018 ) Market Overview:-
Global Airless Tires Market is projected to cross USD 200 million by 2024. High demand from heavy commercial and off-road vehicles coupled with high acceptance from military segment, specifically in developed nations is majorly driving the industry growth. Industry participants are continuously focusing on product development for utility vehicles such as lawn mowers and golf carts, further positively impacting the industry over the forecast timeline.
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Airless tires market from plastic is estimated to account at over 65% of volume share by 2024. Shifting preference towards the usage of plastic materials for manufacturing will fuel the product demand. For instance, Bridgestone is engaged in manufacturing the product made from plastic. Ease in recyclability along with less weight compared to rubber are the key factors boosting the product demand. In addition, cost economy over the counterpart will positively influence the material selection. Rubber is estimated to witness significant growth owing to recyclability issues and higher cost of the product.
Top Key Players:-
The key players of global Airless Tires Market are Sumitomo Rubber Industries, Toyo Tires, Michelin, Goodyear Tire & Rubber Co., Bridgestone, and Hankook.
Regional Segmentations:-
North America airless tires market is predicted to capture around 26% of the revenue share by 2024 owing to high usage in military sector combined with manufacturers initiatives. Asia Pacific airless tires market will capture maximum revenue share with more than USD 57 million over the study period. Increasing production of military and commercial vehicles, particularly in emerging nations is significantly contributing in regional revenue generation. Presence of established industry players such as Toyo Tires and Sumitomo Rubber Industries will further support the regional growth rate.
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Major Points of Table Of Content:-
Chapter 4. Airless Tires Market, By Product
4.1. Global airless tires market share by product, 2016 & 2024
4.2. Radial
4.2.1. Market estimates and forecast, 2013-2024
4.2.2. Market estimates and forecast, by region, 2013-2024
4.3. Bias
4.3.1. Market estimates and forecast, 2013-2024
4.3.2. Market estimates and forecast, by region, 2013-2024
Chapter 5. Airless Tires Market, By Vehicle
5.1. Global airless tires market share by vehicle, 2016 & 2024
5.2. Military vehicles
5.2.1. Market estimates and forecast, 2013-2024
5.2.2. Market estimates and forecast, by region, 2013-2024
5.3. LCV
5.3.1. Market estimates and forecast, 2013-2024
5.3.2. Market estimates and forecast, by region, 2013-2024
5.4. HCV
5.4.1. Market estimates and forecast, 2013-2024
5.4.2. Market estimates and forecast, by region, 2013-2024
5.5. Terrain vehicles
5.5.1. Market estimates and forecast, 2013-2024
5.5.2. Market estimates and forecast, by region, 2013-2024
5.6. Utility vehicles
5.6.1. Market estimates and forecast, 2013-2024
5.6.2. Market estimates and forecast, by region, 2013-2024
5.7. Motorcycles
5.7.1. Market estimates and forecast, 2013-2024
5.7.2. Market estimates and forecast, by region, 2013-2024
Chapter 6. Airless Tires Market, By Material
6.1. Global airless tires market share by material, 2016 & 2024
6.2. Rubber
6.2.1. Market estimates and forecast, 2013-2024
6.2.2. Market estimates and forecast, by region, 2013-2024
6.3. Plastic
6.3.1. Market estimates and forecast, 2013-2024
6.3.2. Market estimates and forecast, by region, 2013-2024
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Radial segment is estimated to account for major revenue share generating over USD 140 million during the forecast timeframe. Shifting focus of producers towards manufacturing these tires owing to enhanced benefits over the conventional product will fuel the business growth. These offers superior shock absorbing ability, strength, and enhanced flexibility. Bias segment will witness growth of around 9% over the forecast study period. This can be credited to increasing implementation of the product in heavy vehicles along with economic benefit over other counterparts.
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Source: EmailWire.Com 
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