Also, solid tires for construction and industrial applications have been in use for quite some time, which reflects their high market share. Off-road vehicles are expected to be the largest market for airless tires. Demand for airless/solid tires in the aftermarket from passenger vehicles as well as technological advancements involving advanced materials are expected to present considerable opportunities for market expansion. Limited performance of solid tires with respect to suspension and friction, coupled with heat dissipation issues, might also limit the market growth. However, high capital investment for setting up new manufacturing facilities as well as volatile raw material prices might restrain the market growth. Moreover, the increase in the number of heavy commercial vehicles, such as heavy-duty trucks, and heavy construction equipment due to urbanization and globalization, is also expected to drive the market. These tires prevent accidents from flat-tires, blowouts, etc., and ensure passenger safety. They are generally produced conventionally with plastic or rubber, but these days 3D printing manufacturing process is also being employed. The global airless tires market is valued at USD 1.1 Billion and is expected to reach USD 1.7 Billion by 2027registering a CAGR of around 4.5%, over the forecast period.Īirless tires are otherwise known as solid or non-pneumatic tires that are not supported by air pressure.
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