Global Airless Tire Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025

Publisher Name :
Date: 12-Feb-2020
No. of pages: 101

Market Overview

The global Airless Tire market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of xx% in the forecast period of 2020 to 2025 and will expected to reach USD xx million by 2025, from USD xx million in 2019.

The Airless Tire market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.

Market segmentation

Airless Tire market is split by Type and by Application. For the period 2015-2025, the growth among segments provide accurate calculations and forecasts for sales by Type and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

By Type, Airless Tire market has been segmented into

- OEM

- Replacement

By Application, Airless Tire has been segmented into:

- Light Commercial Vehicle

- Heavy Commercial Vehicle

- All-Terrain Vehicles

- Construction Equipment

Regions and Countries Level Analysis

Regional analysis is another highly comprehensive part of the research and analysis study of the global Airless Tire market presented in the report. This section sheds light on the sales growth of different regional and country-level Airless Tire markets. For the historical and forecast period 2015 to 2025, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global Airless Tire market.

The report offers in-depth assessment of the growth and other aspects of the Airless Tire market in important countries (regions), including:

- North America (United States, Canada and Mexico)

- Europe (Germany, France, UK, Russia and Italy)

- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

- South America (Brazil, Argentina, etc.)

- Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)

Competitive Landscape and Airless Tire Market Share Analysis

Airless Tire competitive landscape provides details by vendors, including company overview, company total revenue (financials), market potential, global presence, Airless Tire sales and revenue generated, market share, price, production sites and facilities, SWOT analysis, product launch. For the period 2015-2020, this study provides the Airless Tire sales, revenue and market share for each player covered in this report.

The major players covered in Airless Tire are:

- Michelin

- Hankook

- Goodyear

- Bridgestone

Among other players domestic and global, Airless Tire market share data is available for global, North America, Europe, Asia-Pacific, Middle East and Africa and South America separately. Global Info Research analysts understand competitive strengths and provide competitive analysis for each competitor separately.

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Airless Tire product scope, market overview, market opportunities, market driving force and market risks.

Chapter 2, to profile the top manufacturers of Airless Tire, with price, sales, revenue and global market share of Airless Tire in 2018 and 2019.

Chapter 3, the Airless Tire competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Airless Tire breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.

Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.

Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.

Chapter 12, Airless Tire market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.

Chapter 13, 14 and 15, to describe Airless Tire sales channel, distributors, customers, research findings and conclusion, appendix and data source.

Global Airless Tire Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025

Table of Contents

1 Market Overview
1.1 Airless Tire Introduction
1.2 Market Analysis by Type
1.2.1 Overview: Global Airless Tire Revenue by Type: 2015 VS 2019 VS 2025
1.2.2 OEM
1.2.3 Replacement
1.3 Market Analysis by Application
1.3.1 Overview: Global Airless Tire Revenue by Application: 2015 VS 2019 VS 2025
1.3.2 Light Commercial Vehicle
1.3.3 Heavy Commercial Vehicle
1.3.4 All-Terrain Vehicles
1.3.5 Construction Equipment
1.4 Overview of Global Airless Tire Market
1.4.1 Global Airless Tire Market Status and Outlook (2015-2025)
1.4.2 North America (United States, Canada and Mexico)
1.4.3 Europe (Germany, France, United Kingdom, Russia and Italy)
1.4.4 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
1.4.5 South America, Middle East & Africa
1.5 Market Dynamics
1.5.1 Market Opportunities
1.5.2 Market Risk
1.5.3 Market Driving Force
2 Manufacturers Profiles
2.1 Michelin
2.1.1 Michelin Details
2.1.2 Michelin Major Business and Total Revenue (Financial Highlights) Analysis
2.1.3 Michelin SWOT Analysis
2.1.4 Michelin Product and Services
2.1.5 Michelin Airless Tire Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
2.2 Hankook
2.2.1 Hankook Details
2.2.2 Hankook Major Business and Total Revenue (Financial Highlights) Analysis
2.2.3 Hankook SWOT Analysis
2.2.4 Hankook Product and Services
2.2.5 Hankook Airless Tire Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
2.3 Goodyear
2.3.1 Goodyear Details
2.3.2 Goodyear Major Business and Total Revenue (Financial Highlights) Analysis
2.3.3 Goodyear SWOT Analysis
2.3.4 Goodyear Product and Services
2.3.5 Goodyear Airless Tire Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
2.4 Bridgestone
2.4.1 Bridgestone Details
2.4.2 Bridgestone Major Business and Total Revenue (Financial Highlights) Analysis
2.4.3 Bridgestone SWOT Analysis
2.4.4 Bridgestone Product and Services
2.4.5 Bridgestone Airless Tire Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
3 Sales, Revenue and Market Share by Manufacturer
3.1 Global Airless Tire Sales and Market Share by Manufacturer (2018-2019)
3.2 Global Airless Tire Revenue and Market Share by Manufacturer (2018-2019)
3.3 Market Concentration Rate
3.3.1 Top 3 Airless Tire Manufacturer Market Share in 2019
3.3.2 Top 6 Airless Tire Manufacturer Market Share in 2019
3.4 Market Competition Trend
4 Global Market Analysis by Regions
4.1 Global Airless Tire Sales, Revenue and Market Share by Regions
4.1.1 Global Airless Tire Sales and Market Share by Regions (2015-2020)
4.1.2 Global Airless Tire Revenue and Market Share by Regions (2015-2020)
4.2 North America Airless Tire Sales and Growth Rate (2015-2020)
4.3 Europe Airless Tire Sales and Growth Rate (2015-2020)
4.4 Asia-Pacific Airless Tire Sales and Growth Rate (2015-2020)
4.5 South America Airless Tire Sales and Growth Rate (2015-2020)
4.6 Middle East and Africa Airless Tire Sales and Growth Rate (2015-2020)
5 North America by Country
5.1 North America Airless Tire Sales, Revenue and Market Share by Country
5.1.1 North America Airless Tire Sales and Market Share by Country (2015-2020)
5.1.2 North America Airless Tire Revenue and Market Share by Country (2015-2020)
5.2 United States Airless Tire Sales and Growth Rate (2015-2020)
5.3 Canada Airless Tire Sales and Growth Rate (2015-2020)
5.4 Mexico Airless Tire Sales and Growth Rate (2015-2020)
6 Europe by Country
6.1 Europe Airless Tire Sales, Revenue and Market Share by Country
6.1.1 Europe Airless Tire Sales and Market Share by Country (2015-2020)
6.1.2 Europe Airless Tire Revenue and Market Share by Country (2015-2020)
6.2 Germany Airless Tire Sales and Growth Rate (2015-2020)
6.3 UK Airless Tire Sales and Growth Rate (2015-2020)
6.4 France Airless Tire Sales and Growth Rate (2015-2020)
6.5 Russia Airless Tire Sales and Growth Rate (2015-2020)
6.6 Italy Airless Tire Sales and Growth Rate (2015-2020)
7 Asia-Pacific by Regions
7.1 Asia-Pacific Airless Tire Sales, Revenue and Market Share by Regions
7.1.1 Asia-Pacific Airless Tire Sales and Market Share by Regions (2015-2020)
7.1.2 Asia-Pacific Airless Tire Revenue and Market Share by Regions (2015-2020)
7.2 China Airless Tire Sales and Growth Rate (2015-2020)
7.3 Japan Airless Tire Sales and Growth Rate (2015-2020)
7.4 Korea Airless Tire Sales and Growth Rate (2015-2020)
7.5 India Airless Tire Sales and Growth Rate (2015-2020)
7.6 Southeast Asia Airless Tire Sales and Growth Rate (2015-2020)
7.7 Australia Airless Tire Sales and Growth Rate (2015-2020)
8 South America by Country
8.1 South America Airless Tire Sales, Revenue and Market Share by Country
8.1.1 South America Airless Tire Sales and Market Share by Country (2015-2020)
8.1.2 South America Airless Tire Revenue and Market Share by Country (2015-2020)
8.2 Brazil Airless Tire Sales and Growth Rate (2015-2020)
8.3 Argentina Airless Tire Sales and Growth Rate (2015-2020)
9 Middle East & Africa by Countries
9.1 Middle East & Africa Airless Tire Sales, Revenue and Market Share by Country
9.1.1 Middle East & Africa Airless Tire Sales and Market Share by Country (2015-2020)
9.1.2 Middle East & Africa Airless Tire Revenue and Market Share by Country (2015-2020)
9.2 Saudi Arabia Airless Tire Sales and Growth Rate (2015-2020)
9.3 Turkey Airless Tire Sales and Growth Rate (2015-2020)
9.4 Egypt Airless Tire Sales and Growth Rate (2015-2020)
9.5 South Africa Airless Tire Sales and Growth Rate (2015-2020)
10 Market Segment by Type
10.1 Global Airless Tire Sales and Market Share by Type (2015-2020)
10.2 Global Airless Tire Revenue and Market Share by Type (2015-2020)
10.3 Global Airless Tire Price by Type (2015-2020)
11 Global Airless Tire Market Segment by Application
11.1 Global Airless Tire Sales Market Share by Application (2015-2020)
11.2 Global Airless Tire Revenue Market Share by Application (2015-2020)
11.3 Global Airless Tire Price by Application (2015-2020)
12 Market Forecast
12.1 Global Airless Tire Sales, Revenue and Growth Rate (2021-2025)
12.2 Airless Tire Market Forecast by Regions (2021-2025)
12.2.1 North America Airless Tire Market Forecast (2021-2025)
12.2.2 Europe Airless Tire Market Forecast (2021-2025)
12.2.3 Asia-Pacific Airless Tire Market Forecast (2021-2025)
12.2.4 South America Airless Tire Market Forecast (2021-2025)
12.2.5 Middle East & Africa Airless Tire Market Forecast (2021-2025)
12.3 Airless Tire Market Forecast by Type (2021-2025)
12.3.1 Global Airless Tire Sales Forecast by Type (2021-2025)
12.3.2 Global Airless Tire Market Share Forecast by Type (2021-2025)
12.4 Airless Tire Market Forecast by Application (2021-2025)
12.4.1 Global Airless Tire Sales Forecast by Application (2021-2025)
12.4.2 Global Airless Tire Market Share Forecast by Application (2021-2025)
13 Sales Channel, Distributors, Traders and Dealers
13.1 Sales Channel
13.1.1 Direct Marketing
13.1.2 Indirect Marketing
13.2 Distributors, Traders and Dealers
14 Research Findings and Conclusion
15 Appendix
15.1 Methodology
15.2 Data Source
15.3 Disclaimer
15.4 About US

List of Tables

Table 1. Global Airless Tire Revenue (USD Million) by Type: 2015 VS 2019 VS 2025
Table 2. Breakdown of Airless Tire by Company Type (Tier 1, Tier 2 and Tier 3)
Table 3. Global Airless Tire Revenue (USD Million) by Application: 2015 VS 2019 VS 2025
Table 4. Market Opportunities in Next Few Years
Table 5. Market Risks Analysis
Table 6. Market Drivers
Table 7. Michelin Basic Information, Manufacturing Base and Competitors
Table 8. Michelin Airless Tire Major Business
Table 9. Michelin Airless Tire Total Revenue (USD Million) (2017-2018)
Table 10. Michelin SWOT Analysis
Table 11. Michelin Airless Tire Product and Services
Table 12. Michelin Airless Tire Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table 13. Hankook Basic Information, Manufacturing Base and Competitors
Table 14. Hankook Airless Tire Major Business
Table 15. Hankook Airless Tire Total Revenue (USD Million) (2017-2018)
Table 16. Hankook SWOT Analysis
Table 17. Hankook Airless Tire Product and Services
Table 18. Hankook Airless Tire Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table 19. Goodyear Basic Information, Manufacturing Base and Competitors
Table 20. Goodyear Airless Tire Major Business
Table 21. Goodyear Airless Tire Total Revenue (USD Million) (2017-2018)
Table 22. Goodyear SWOT Analysis
Table 23. Goodyear Airless Tire Product and Services
Table 24. Goodyear Airless Tire Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table 25. Bridgestone Basic Information, Manufacturing Base and Competitors
Table 26. Bridgestone Airless Tire Major Business
Table 27. Bridgestone Airless Tire Total Revenue (USD Million) (2017-2018)
Table 28. Bridgestone SWOT Analysis
Table 29. Bridgestone Airless Tire Product and Services
Table 30. Bridgestone Airless Tire Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table 31. Global Airless Tire Sales by Manufacturer (2018-2019) (K Units)
Table 32. Global Airless Tire Revenue by Manufacturer (2018-2019) (USD Million)
Table 33. Global Airless Tire Sales by Regions (2015-2020) (K Units)
Table 34. Global Airless Tire Sales Market Share by Regions (2015-2020)
Table 35. Global Airless Tire Revenue by Regions (2015-2020) (USD Million)
Table 36. North America Airless Tire Sales by Countries (2015-2020) (K Units)
Table 37. North America Airless Tire Sales Market Share by Countries (2015-2020)
Table 38. North America Airless Tire Revenue by Countries (2015-2020) (USD Million)
Table 39. North America Airless Tire Revenue Market Share by Countries (2015-2020)
Table 40. Europe Airless Tire Sales by Countries (2015-2020) (K Units)
Table 41. Europe Airless Tire Sales Market Share by Countries (2015-2020)
Table 42. Europe Airless Tire Revenue by Countries (2015-2020) (USD Million)
Table 43. Asia-Pacific Airless Tire Sales by Regions (2015-2020) (K Units)
Table 44. Asia-Pacific Airless Tire Sales Market Share by Regions (2015-2020)
Table 45. Asia-Pacific Airless Tire Revenue by Regions (2015-2020) (USD Million)
Table 46. South America Airless Tire Sales by Countries (2015-2020) (K Units)
Table 47. South America Airless Tire Sales Market Share by Countries (2015-2020)
Table 48. South America Airless Tire Revenue by Countries (2015-2020) (USD Million)
Table 49. South America Airless Tire Revenue Market Share by Countries (2015-2020)
Table 50. Middle East & Africa Airless Tire Sales by Countries (2015-2020) (K Units)
Table 51. Middle East & Africa Airless Tire Sales Market Share by Countries (2015-2020)
Table 52. Middle East & Africa Airless Tire Revenue by Countries (2015-2020) (USD Million)
Table 53. Middle East & Africa Airless Tire Revenue Market Share by Countries (2015-2020)
Table 54. Global Airless Tire Sales by Type (2015-2020) (K Units)
Table 55. Global Airless Tire Sales Share by Type (2015-2020)
Table 56. Global Airless Tire Revenue by Type (2015-2020) (USD Million)
Table 57. Global Airless Tire Revenue Share by Type (2015-2020)
Table 58. Global Airless Tire Sales by Application (2015-2020) (K Units)
Table 59. Global Airless Tire Sales Share by Application (2015-2020)
Table 60. Global Airless Tire Sales Forecast by Regions (2021-2025) (K Units)
Table 61. Global Airless Tire Market Share Forecast by Regions (2021-2025)
Table 62. Global Airless Tire Sales Forecast by Type (2021-2025) (K Units)
Table 63. Global Airless Tire Market Share Forecast by Type (2021-2025)
Table 64. Global Airless Tire Sales Forecast by Application (2021-2025)
Table 65. Global Airless Tire Market Share Forecast by Application (2021-2025)
Table 66. Direct Channel Pros & Cons
Table 67. Indirect Channel Pros & Cons
Table 68. Distributors/Traders/ Dealers List

List of Figures

Figure 1. Airless Tire Picture
Figure 2. Global Sales Market Share of Airless Tire by Type in 2019
Figure 3. OEM Picture
Figure 4. Replacement Picture
Figure 5. Airless Tire Sales Market Share by Application in 2018
Figure 6. Light Commercial Vehicle Picture
Figure 7. Heavy Commercial Vehicle Picture
Figure 8. All-Terrain Vehicles Picture
Figure 9. Construction Equipment Picture
Figure 10. Global Airless Tire Market Status and Outlook (2015-2025) (USD Million)
Figure 11. United States Airless Tire Revenue (Value) and Growth Rate (2015-2025)
Figure 12. Canada Airless Tire Revenue (Value) and Growth Rate (2015-2025)
Figure 13. Mexico Airless Tire Revenue (Value) and Growth Rate (2015-2025)
Figure 14. Germany Airless Tire Revenue (Value) and Growth Rate (2015-2025)
Figure 15. France Airless Tire Revenue (Value) and Growth Rate (2015-2025)
Figure 16. UK Airless Tire Revenue (Value) and Growth Rate (2015-2025)
Figure 17. Russia Airless Tire Revenue (Value) and Growth Rate (2015-2025)
Figure 18. Italy Airless Tire Revenue (Value) and Growth Rate (2015-2025)
Figure 19. China Airless Tire Revenue (Value) and Growth Rate (2015-2025)
Figure 20. Japan Airless Tire Revenue (Value) and Growth Rate (2015-2025)
Figure 21. Korea Airless Tire Revenue (Value) and Growth Rate (2015-2025)
Figure 22. India Airless Tire Revenue (Value) and Growth Rate (2015-2025)
Figure 23. Southeast Asia Airless Tire Revenue (Value) and Growth Rate (2015-2025)
Figure 24. Australia Airless Tire Revenue (Value) and Growth Rate (2015-2025) (USD Million)
Figure 25. Brazil Airless Tire Revenue (Value) and Growth Rate (2015-2025)
Figure 26. Egypt Airless Tire Revenue (Value) and Growth Rate (2015-2025)
Figure 27. Saudi Arabia Airless Tire Revenue (Value) and Growth Rate (2015-2025)
Figure 28. South Africa Airless Tire Revenue (Value) and Growth Rate (2015-2025)
Figure 29. Turkey Airless Tire Revenue (Value) and Growth Rate (2015-2025)
Figure 30. Global Airless Tire Sales Market Share by Manufacturer in 2019
Figure 31. Global Airless Tire Revenue Market Share by Manufacturer in 2019
Figure 32. Top 3 Airless Tire Manufacturer (Revenue) Market Share in 2019
Figure 33. Top 6 Airless Tire Manufacturer (Revenue) Market Share in 2019
Figure 34. Key Manufacturer Market Share Trend
Figure 35. Global Airless Tire Sales and Growth Rate (2015-2020) (K Units)
Figure 36. Global Airless Tire Revenue and Growth Rate (2015-2020) (USD Million)
Figure 37. Global Airless Tire Revenue Market Share by Regions (2015-2020)
Figure 38. Global Airless Tire Revenue Market Share by Regions in 2018
Figure 39. North America Airless Tire Sales and Growth Rate (2015-2020)
Figure 40. Europe Airless Tire Sales and Growth Rate (2015-2020)
Figure 41. Asia-Pacific Airless Tire Sales and Growth Rate (2015-2020)
Figure 42. South America Airless Tire Sales and Growth Rate (2015-2020)
Figure 43. Middle East & Africa Airless Tire Sales and Growth Rate (2015-2020)
Figure 44. North America Airless Tire Revenue and Growth Rate (2015-2020) (USD Million)
Figure 45. North America Airless Tire Sales Market Share by Countries (2015-2020)
Figure 46. North America Airless Tire Sales Market Share by Countries in 2018
Figure 47. North America Airless Tire Revenue Market Share by Countries (2015-2020) (USD Million)
Figure 48. North America Airless Tire Revenue Market Share by Countries in 2018
Figure 49. United States Airless Tire Sales and Growth Rate (2015-2020) (K Units)
Figure 50. Canada Airless Tire Sales and Growth Rate (2015-2020) (K Units)
Figure 51. Mexico Airless Tire Sales and Growth Rate (2015-2020) (K Units)
Figure 52. Europe Airless Tire Revenue and Growth Rate (2015-2020) (USD Million)
Figure 53. Europe Airless Tire Revenue Market Share by Countries (2015-2020)
Figure 54. Europe Airless Tire Revenue Market Share by Countries in 2019
Figure 55. Germany Airless Tire Sales and Growth Rate (2015-2020) (K Units)
Figure 56. UK Airless Tire Sales and Growth Rate (2015-2020) (K Units)
Figure 57. France Airless Tire Sales and Growth Rate (2015-2020) (K Units)
Figure 58. Russia Airless Tire Sales and Growth Rate (2015-2020) (K Units)
Figure 59. Italy Airless Tire Sales and Growth Rate (2015-2020) (K Units)
Figure 60. Asia-Pacific Airless Tire Revenue and Growth Rate (2015-2020) (USD Million)
Figure 61. Asia-Pacific Airless Tire Sales Market Share by Regions 2019
Figure 62. Asia-Pacific Airless Tire Revenue Market Share by Regions 2019
Figure 63. China Airless Tire Sales and Growth Rate (2015-2020) (K Units)
Figure 64. Japan Airless Tire Sales and Growth Rate (2015-2020) (K Units)
Figure 65. Korea Airless Tire Sales and Growth Rate (2015-2020) (K Units)
Figure 66. India Airless Tire Sales and Growth Rate (2015-2020) (K Units)
Figure 67. Southeast Asia Airless Tire Sales and Growth Rate (2015-2020) (K Units)
Figure 68. South America Airless Tire Revenue and Growth Rate (2015-2020) (USD Million)
Figure 69. South America Airless Tire Sales Market Share by Countries in 2019
Figure 70. South America Airless Tire Revenue Market Share by Countries in 2019
Figure 71. Brazil Airless Tire Sales and Growth Rate (2015-2020) (K Units)
Figure 72. Argentina Airless Tire Sales and Growth Rate (2015-2020) (K Units)
Figure 73. Middle East and Africa Airless Tire Revenue and Growth Rate (2015-2020) (USD Million)
Figure 74. Middle East and Africa Airless Tire Sales Market Share by Countries in 2019
Figure 75. Middle East and Africa Airless Tire Revenue Market Share by Countries (2015-2020)
Figure 76. Middle East and Africa Airless Tire Revenue Market Share by Countries in 2019
Figure 77. Saudi Arabia Airless Tire Sales and Growth Rate (2015-2020) (K Units)
Figure 78. Egypt Airless Tire Sales and Growth Rate (2015-2020) (K Units)
Figure 79. Turkey Airless Tire Sales and Growth Rate (2015-2020) (K Units)
Figure 80. South Africa Airless Tire Sales and Growth Rate (2015-2020) (K Units)
Figure 81. Global Airless Tire Sales and Growth Rate (2021-2025) (K Units)
Figure 82. Global Airless Tire Revenue and Growth Rate (2021-2025) (USD Million)
Figure 83. North America Sales Airless Tire Market Forecast (2021-2025) (K Units)
Figure 84. Europe Sales Airless Tire Market Forecast (2021-2025) (K Units)
Figure 85. Asia-Pacific Sales Airless Tire Market Forecast (2021-2025) (K Units)
Figure 86. South America Sales Airless Tire Market Forecast (2021-2025) (K Units)
Figure 87. Middle East & Africa Sales Airless Tire Market Forecast (2021-2025) (K Units)
Figure 88. Sales Channel: Direct Channel vs Indirect Channel
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