LONDON--(BUSINESS WIRE)--Sep 5, 2018--The global automotive airless radial tire market is expected to post a CAGR of over 28% during the period 2018-2022, according to the latest market research report by . However, the growth momentum of the market is expected to decelerate due to a decline in the year-over-year growth.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180905005963/en/

Technavio has published a new market research report on the global automotive airless radial tire market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the improved safety against tire blowout. Tire blowouts are characterized by tire bursts followed by a rapid loss of air pressure in the tire. Conventional tires are prone to tire blowouts due to lower air pressure and due to the formation of punctures in the wheel. The use of automotive airless tires ensures safer usability with minimal risk of tire blowouts. Most tire blowouts are caused due to the overheating of the tire. This happens when the low air pressure causes the internal rubber to lose its bond with the steel cord reinforcement and internal fabric.

This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the development of tweel as one of the key emerging trends in the global automotive airless radial tire market:

Global automotive airless radial tire market: Development of tweel

Tweel is a hybrid between tire and wheel that is being developed by Michelin since 2015. It is an automotive airless tire held together by rubber spokes. The airless tire model was designed to reduce the amount to bounce while running over road bumps. The rubber spokes transfer energy arising from roads bumps to provide a smoother drive. Michelin developed a range of tweel model airless tires for vehicles such as the skid steer loaders and light-tactical vehicles used by military special operations in 2016.

“The company offers tweels for light construction vehicles, ATVs, golf carts, and zero turn mowers. These airless tires are only compatible for use up to speeds of 40 miles per hour. Hence, these tires are not suited for use on highways and can haul up to 1,300 kgs of vehicle weight,” says a senior analyst at Technavio for research on automotive manufacturing.

Global automotive airless radial tire market: Segmentation analysis

This market research report segments the global automotive airless radial tire market by application (ATVs and commercial vehicles) and geographical regions (APAC, EMEA, and the Americas).

The ATVs segment held the entire market share in 2017, accounting for 100% of the market. This application segment is expected to dominate the global market throughout the forecast period.

APAC led the market in 2017 with a market share of nearly 41%. This region is expected to dominate the market through 2022, with an increase in its market share by nearly 46%.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20180905005963/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING AUTOMOTIVE MANUFACTURING AUTOMOTIVE OFF-ROAD TRUCKS & SUVS TIRES & RUBBER GENERAL AUTOMOTIVE

SOURCE:

Copyright Business Wire 2018.

PUB: 09/05/2018 04:27 PM/DISC: 09/05/2018 04:27 PM

http://www.businesswire.com/news/home/20180905005963/en