Airless tires startups reinvent the wheel industry using airless technology.
- Vikas Kumar
- March 16, 2024
- AUTOMOTIVE, BLOG
- Airless Tire Market Forecast, Airless Tire Market Growth, Airless Tire Market share, Airless Tire Market size, Airless Tire Market Trends
- 0 Comments
Pneumatic tire issues most commonly seen are tire blowouts, flat tires, and worn-out tires. In the US alone, there are approximately 400 reports of flat tires per minute. Over 200 million flat tires are produced annually as a result. Moreover, a majority of people worldwide, especially millennials, are found to lack basic tire-fixing knowledge, according to a number of polls undertaken. When you use airless tires, the chance of a flat tire decreases.
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For a number of reasons, businesses are making investments in the airless tire sector. First off, when compared to pneumatic tires, airless tires are more resilient, require less upkeep, and can handle uneven surfaces. As a result, high-performance airless tires and major improvements in tire technology have been made. Second, automakers are putting more of an emphasis on sustainable mobility solutions as governments over the world impose strict rules on car emissions. Airless tires help with this endeavor by encouraging environmentally friendly transportation and lowering carbon emissions.
The sector for airless tires is anticipated to expand as a result of factors such the rise in demand for maintenance-free tires and the need for all-terrain and military vehicles. Nonetheless, challenges that are anticipated to limit industry expansion include low performance in high-speed and friction scenarios and expensive capital expenditure required to establish new production facilities. On the other hand, it is predicted that the increased global use of electric vehicles and the increased recyclable nature of plastics would present lucrative chances for the growth of the airless tire sector in the years to come.
Let’s have a look at the top startup’s:
Recent Developments:
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Conclusion:
To sum up, the industry for airless tires is about to change, signaling the start of a new phase in tire technology. Airless tires have the potential to completely transform the way we drive and transport cargo because of their remarkable longevity, increased safety, and environmentally favorable features. Industry players need to take advantage of this chance to embrace innovation and mold the direction of mobility in the future. The industry for airless tires is anticipated to develop significantly as technology progresses. Manufacturers are spending money on R&D to improve on current designs and create fresh approaches to pressing problems. These tires have the potential to become standard on many different kinds of cars as they grow more affordable and adaptable, changing the face of mobility and the automotive industry.
According to the UnivDatos Market Insights, the Airless tires sector is anticipated to be driven by the rise in heavy commercial vehicles, including heavy-duty trucks, and heavy construction equipment as a result of urbanization and globalization and as per their “Airless Tire Market” report, the global industry was valued at USD 50 million in 2022 and grew at a CAGR of 5% from 2023 to 2030. The industry is expected to reach USD million by 2030.
