Latest news with #GoodyearTireandRubberCompany
Axios
3 days ago
- Axios
100 years later, Goodyear's blimps are still PR gold
After 100 years, the Goodyear blimp remains an icon of the skies. Why it matters: The airship doubles as one of the greatest promotional tools ever — for the Goodyear Tire and Rubber Company in Akron — as it captures aerial footage of the world's biggest sporting events. Flashback: Goodyear launched its aeronautics division in 1910 and constructed the Wingfoot Lake Hangar in Suffield (south of Akron) in 1917 to build airships for the U.S. Navy. The blimp program began in 1925 with the introduction of "Pilgrim" — the world's first helium-filled, non-rigid airship. The fleet grew over the next decade with the additions of Puritan (1928), Volunteer (1929), Mayflower (1929), Vigilant (1929), Defender (1929), Reliance (1931) and Resolute (1932). Between the lines: Beyond military applications, Goodyear executives hoped that wealthy Americans would adopt blimps for leisure and luxury travel — a kind of air yacht. Reality check: Today's blimps are used chiefly for public relations. Goodyear operates four of the world's 20. They are no longer technically "blimps," as they feature semi-rigid frames designed in partnership with Germany's Zeppelin. By the numbers: At 250 feet in length, each Goodyear airship is longer than a Boeing 747. They typically cruise at 30-40 miles per hour, with max speeds of over 70 miles per hour. The latest: Goodyear's three U.S.-based blimps converged on Northeast Ohio last week for the 100th Anniversary celebration. 💭 Sam's thought bubble: I got a glimpse of the trio flying over Akron's Canal Park at last Tuesday's RubberDucks game.
Globe and Mail
19-02-2025
- Automotive
- Globe and Mail
Airless Tires Market Expected to Grow at a CAGR of 6.84% by 2032, Driven by Rising Vehicle Demand
The Airless Tires Market was estimated to be worth USD 0.05 billion in 2023. This industry is anticipated to expand from USD 0.05 billion in 2024 to USD 0.1 billion by 2032 The airless tires market is growing fast as more people and industries look for new and better tire options. Airless tires, also called non-pneumatic tires, do not need air to stay inflated. These tires are designed to avoid punctures, making them safer and longer-lasting than traditional tires. They are used in many vehicles, including bicycles, motorcycles, cars, and even heavy-duty machinery. With rising concerns about safety, sustainability, and lower maintenance costs, the demand for airless tires is expected to grow significantly in the coming years. The Airless Tires Market was estimated to be worth USD 0.05 billion in 2023. This industry is anticipated to expand from USD 0.05 billion in 2024 to USD 0.1 billion by 2032, reflecting a compound annual growth rate (CAGR) of 6.84% over the forecast period (2024 - 2032). The market's growth is driven by the rising demand for industrial vehicles, along with the increasing need for advanced tires and wheels. Additionally, tires with integrated connected features that offer convenience and driver assistance are playing a crucial role in accelerating market expansion. Market Drivers There are several factors driving the growth of the airless tires market. First, the increasing number of vehicles worldwide is creating a bigger need for reliable tires. Second, airless tires reduce the risk of accidents caused by tire blowouts, making them popular in the automotive and industrial sectors. Third, companies are investing heavily in research and development to create innovative tire designs that are both durable and environmentally friendly. Additionally, the rising popularity of electric vehicles (EVs) is also pushing the market forward, as airless tires can improve the efficiency and performance of these vehicles. Another important driver for the airless tires market is the growing demand for low-maintenance and long-lasting tire solutions. Traditional pneumatic tires require regular checks for air pressure and are prone to punctures, leading to unexpected downtime and repair costs. Airless tires, on the other hand, eliminate these concerns, offering a more convenient and cost-effective option for consumers and businesses alike. Moreover, governments and environmental organizations are encouraging the adoption of sustainable technologies, which is prompting manufacturers to develop eco-friendly airless tires made from recyclable materials. This shift not only supports global sustainability goals but also enhances brand reputation and customer loyalty, further boosting market growth. Get Free Sample Report for Detailed Market Insights; Key Companies in the Airless Tires market include Bridgestone Corporation (Japan) Hankook Tire (South Korea) The Goodyear Tire and Rubber Company (U.S.) Pirelli (U.S.) Sunitomo Rubber Industries (Japan) Amerityre Corporation (U.S.) Michelin (France) Toyo Tire and Rubber Co. Ltd. (Japan) Cooper Tire (U.S.) Tannus Ltd. (Korea) These companies are focusing on creating high-performance airless tires for various applications. They are working on improving the design, materials, and manufacturing processes to make these tires more affordable and widely available. Market Restraints Market Restraints Despite its growth, the airless tires market faces some challenges. One major restraint is the high cost of producing these tires compared to traditional ones. The manufacturing process is complex, and the materials used are often more expensive. Additionally, some airless tire models still have issues with heat dissipation and road grip, which can affect vehicle performance. The limited availability of airless tires in certain regions is another challenge that companies are working hard to overcome. Another significant challenge is consumer perception and acceptance. Since airless tires are relatively new in the market, many drivers are hesitant to switch from conventional tires due to concerns about durability and ride comfort. Educating the market about the benefits of airless tires, such as puncture resistance and longer lifespan, is essential to drive adoption. Moreover, the transition for automakers and aftermarket retailers to stock and service these tires also requires time and investment, adding another layer of complexity to market penetration. Airless Tires Market Segmentation Insights: The airless tires market is divided into different segments based on type, material, and application. Airless Tires Market Segmentation: Airless Tires Market By Type Outlook Radial Tires Bias Tires Airless Tires Market By Vehicle Type Outlook Two-Wheeler Passenger Cars Light/Heavy Industrial/Commercial Trucks & Buses Airless Tires Market By Material Type Outlook Rubber Plastic Airless Tires Market By Tire Size Outlook 20 inches 21–25 inches 26–30 inches 31–35 inches >35 inches Airless Tires Market By Sales Channel Outlook OEM Aftermarket This segmentation helps companies better understand market needs and create targeted products for each category. You can buy this market report at; Future Scope The future of the airless tires market looks promising. As technology advances, manufacturers are developing new materials and designs that address the current limitations of airless tires. The market is expected to expand as more people become aware of the benefits, including longer tire life, lower maintenance costs, and improved safety. In the coming years, we can expect to see airless tires become more common in both everyday vehicles and specialized industries. In conclusion, the airless tires market is on a strong growth path, driven by innovation and the need for safer, more durable tire solutions. As companies continue to invest in research and development, the market will likely overcome its current challenges and reach new heights. Top Trending Reports: Automotive AfterMarket E-Bike Market About Market Research Future At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. The MRFR team have a supreme objective to provide the optimum quality market research and intelligence services for our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments enable our clients to see more, know more, and do more, which help to answer all their most important questions.
