Airless Tires Market 2021 Overview by Size, Share, Future Trends, Growth Factors and Leading Players Analysis, Forecast by 2027
Airless Tires Market Highlights: Airless tires market is estimated to reach USD 63.6 million by 2026, registering a 4% CAGR during the forecast period. Airless tires eradicate the need of air pressure in the tires and provide higher durability over conventional tires. The need for improved road safety has led to the development of airless tires in order to prevent the road accidents ratio caused by punctured tires. Increasing necessity of tires that are robust and highly flexible to provide tremendous shock absorbing properties is driving the market demand for airless tires. In addition, OEMs and industry participants are developing eco-friendly tires with the recycled products such as used rubber tires and plastics, delivering a highly durable and puncture proof tires which is anticipated to drive the demand for airless tires. Moreover, greater compatibility of airless tires with commercial vehicles result in increasing ride safety with enhanced traction at low speed. Howev