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Global non-pneumatic tire market forecast to grow at a CAGR of 11 percent through 2024

11/9/2018 - New York, NY - The global non-pneumatic tires market is growing at a compounded annual growth rate of 11.0 percent during the forecast period 2016-2024, according to the latest report from Goldstein Research. With the increase in the application of non-pneumatic tires in electric vehicles, military grade vehicles and off-road vehicles, the global non-pneumatic tires market is anticipated to acquire a 3-4 percent market share of the global tires market. The non-pneumatic tires market is at a nascent stage, but its feature which eliminates the problem of air leaks/flat tires is expected to increase the demand in off-the-road vehicles. The global OTR tires market is growing at a CAGR of 4.2 percent during the forecast period, and thus provides the highest growth opportunities for the global airless tires market in terms of penetration. The global non-pneumatic tires market segmentation has been carried out on the basis of vehicle type, usage-type and geography. On the basis of geography, the global non-pneumatic tires industry is dominated by North American market share owing to high demand from the U.S. army coupled with high research and development and innovation activities carried out in the region by the manufacturers. On the other hand, in the huge India automobile industry, the automotive manufacturers are expected to adopt non-pneumatic tires in the near future. For further in-depth analysis, the Global Airless Tires Market Report encompasses the market growth drivers, market challenges, risk analysis, market attractiveness, BPS (base point scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlooks of some of the major players, including profiling of companies such as Bridgestone Corporation, Goodyear Tire and Rubber Company, Michelin Inc., Hankook Tire Group, Yokohama Tire Corp., Resilient Technologies, Crocodile Tyres, Big Tyre and Toyo Tire & Rubber Co.

Wednesday, November 14, 2018

Yokohama Rubber revises fiscal projections downward - click to expand

Cooper Tire names two to the board of directors - click to expand

Global release coatings market is forecast with a CAGR of 5.9 percent through 2022 - click to expand

Latexco US announces major western expansion - click to expand

Trinseo reports positive third quarter results - click to expand

Tuesday, November 13, 2018

International Rubber Conference 2019 to be held September 3-5, 2019, in London - click to expand

China imposes anti-dumping nitrile rubber tax on Japan and South Korea - click to expand

Toyoda Gosei invests in Hubei Rock Rubber and Seal Technology Co. - click to expand

Lexus ES to use Dunlop SP Sport Maxx line of tires as original equipment - click to expand

Global latex caulk market forecast to grow at a CAGR of 4.6 percent through 2026 - click to expand

Denka completes construction of Omi Innovation Hub in Japan - click to expand

Monday, November 12, 2018

Tingley Rubber Corporation wins NJ Family Business of the Year Award - click to expand

Global industrial rubber market to be valued at $167.9 billion by 2026 - click to expand

BKT to build tire manufacturing plant in the U.S. - click to expand

Apollo Tyres' chairman decorated with Japan's Order of the Rising Sun - click to expand

Vietnam's rubber export value stable despite decline in latex - click to expand

Friday, November 9, 2018

Global non-pneumatic tire market forecast to grow at a CAGR of 11 percent through 2024 - click to expand

Global tire manufacturers sign initiative to end global deforestation - click to expand

Book of the day - Rubber Molding Principles - click to expand

Nynas celebrates 90th anniversary - click to expand

Goodyear announces price increases up to 4 percent for commercial tires and retreads - click to expand

Thursday, November 8, 2018

Mitsubishi takes 20 percent stake in Toyo Tire & Rubber Co. - click to expand

Federal judge allows lawsuit against Denka-owned chemical plant to go forward - click to expand

Goodyear Auto Service and Just Tires offer free Checks for Vets - click to expand

Global fumed silica sales are likely to surpass 335,000 metric tons in 2018 - click to expand

Capricorn and Particon add €5 million to Black Bear’s growth financing round - click to expand

Wednesday, November 7, 2018

Wabash MPI/Carver inducted into Indiana Manufacturers Hall of Fame - click to expand

Monday, November 7, 2018

MonTech to speak at Michigan Rubber Group and Mid-Atlantic Rubber Group - click to expand

Market Reports

Global release coatings market is forecast with a CAGR of 5.9 percent through 2022 - click to expand

Global latex caulk market forecast to grow at a CAGR of 4.6 percent through 2026 - click to expand

Global industrial rubber market to be valued at $167.9 billion by 2026 - click to expand

Global non-pneumatic tire market forecast to grow at a CAGR of 11% through 2024 - click to expand

Global fumed silica sales are likely to surpass 335,000 MT in 2018 - click to expand

Global waterproof tape market forecast to reach $14 billion by 2024 - click to expand

Global rubber gloves market forecast to reach 4.9 billion by 2026 - click to expand

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