Airless Tires Market
Airless Tires Market Forecasts to 2030 - Global Analysis By Type (Radial Airless Tires and Bias Airless Tires), Vehicle Type, Material, Sales Channel, Application and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $56.91 MN |
|
Projected Year Value (2030) |
US $82.29 MN |
|
CAGR (2024 - 2030) |
9.7% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Airless Tires Market is accounted for $56.91 million in 2024 and is expected to reach $82.29 million by 2030 growing at a CAGR of 9.7% during the forecast period. Airless tires, also known as non-pneumatic tires (NPTs), are tires that do not require air to maintain their shape or support a vehicle's weight. Instead of being inflated with air, they use a solid or honeycomb-like structure made from rubber, plastic, or composite materials. This design eliminates the risk of punctures and blowouts, reducing maintenance and increasing durability.
According to Recycled Rubber Facts, recycling tires not just reduces the cost of raw materials and energy used in manufacturing but also brings down the carbon footprint of the tire manufacturing industry by 20%.
Market Dynamics:
Driver:
Rising demand for military & off-road vehicles
Airless tires eliminate the risk of flats, enhancing operational efficiency and reducing maintenance costs for defense, agriculture, and construction sectors. Military vehicles require robust, maintenance-free solutions to ensure reliability in combat zones, boosting airless tire adoption. Additionally, off-road vehicles used in mining, forestry, and industrial applications benefit from the superior traction and load-bearing capacity of airless tires, further accelerating market growth. This increasing demand encourages manufacturers to innovate and expand production.
Restraint:
Ride comfort & noise issues
Airless tires have ride comfort and noise issues due to their rigid structure and lack of air cushioning, which traditionally absorbs shocks and vibrations. Unlike pneumatic tires, airless designs often result in a stiffer ride, increasing road noise and reducing overall comfort. This makes them less appealing for passenger vehicles, where smoothness and quiet operation are key factors. These drawbacks hamper market growth by limiting consumer adoption and delaying widespread commercialization.
Opportunity:
Advancements in material science
Innovative materials like advanced polymers, composite rubber blends, and shape-memory alloys improve flexibility, heat dissipation, and load-bearing capacity. These developments address key challenges such as ride comfort and structural integrity, making airless tires more viable for commercial and passenger vehicles. Additionally, 3D printing and nanotechnology enable precise manufacturing and customization, reducing production costs. As material science evolves, airless tires become more practical, accelerating their adoption across various industries.
Threat:
Heat dissipation challenges
Airless tires face heat dissipation challenges because they lack the air-filled structure that traditionally helps cool pneumatic tires. Instead, their solid or honeycomb design traps heat, leading to increased thermal buildup during prolonged use. This can cause material degradation, reduced performance, and safety concerns, especially at high speeds. Poor heat management limits their application in passenger and commercial vehicles, restricting market adoption.
Covid-19 Impact:
The covid-19 pandemic disrupted the airless tires market due to supply chain constraints, labor shortages, and reduced vehicle production. Lockdowns and economic slowdowns led to a decline in automotive and industrial vehicle demand, delaying R&D and commercialization efforts. However, post-pandemic recovery saw renewed interest, driven by sustainability trends and advancements in mobility solutions. Increased focus on durable, maintenance-free tires for military, construction, and agricultural sectors boosted market potential.
The passenger vehicles segment is expected to be the largest during the forecast period
The passenger vehicles segment is expected to account for the largest market share during the forecast period. Airless tires in passenger vehicles offer a puncture-proof, maintenance-free alternative to traditional pneumatic tires. They enhance safety by eliminating blowouts and reducing downtime. As technology advances, airless tires are expected to gain traction in urban mobility, EVs, and shared transportation services.
The rubber segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the rubber segment is predicted to witness the highest growth rate. Rubber airless tires are non-pneumatic tires made from durable rubber compounds, designed to eliminate punctures and reduce maintenance. They use a solid or honeycomb structure to provide support without air pressure. Advancements in rubber technology and sustainable materials are driving innovation, making them a viable option for specialized and future mobility solutions.
Region with largest share:
During the forecast period, the Asia Pacific region is expected to hold the largest market share due to increasing industrialization, infrastructure development, and demand for durable, maintenance-free tires in military, agriculture, and construction sectors. Countries like China, Japan, and India are investing in advanced mobility solutions, boosting R&D for airless tire technology. Rising vehicle production and the expansion of electric and autonomous vehicles further drive market growth.
Region with highest CAGR:
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR driven by strong demand in military, construction, and agricultural sectors, where durability and puncture resistance are crucial. The presence of major tire manufacturers, such as Michelin and Goodyear, accelerates research and development. Government initiatives promoting advanced mobility and defense applications further boost market growth, making North America a key region for airless tire innovation and adoption.
Key players in the market
Some of the key players in Airless Tires market include Michelin, The Goodyear Tire & Rubber Company, Continental AG, Bridgestone Corporation, Trelleborg AB, Hankook Tire & Technology Co., Ltd., Sumitomo Rubber Industries, Ltd., Toyo Tire Corporation, The Yokohama Rubber Co., Ltd., Amerityre Corporation, Tannus Ltd., Pirelli Tyre S.p.A., Cooper Tire & Rubber Company, Marathon Industries Inc., Sentry Tire and Rubber LLC, Cheng Shin Tire, Elastomeric Innovations, Smart Tire Company, Camso Inc. and Resilient Technologies, LLC.
Key Developments:
In July 2021, Goodyear introduced an airless tire and wheel assembly designed for autonomous vehicle transportation, specifically in urban settings. This NPT was first deployed with the Jacksonville Transportation Authority, marking a significant advancement in airless tire technology for autonomous applications.
Types Covered:
• Radial Airless Tires
• Bias Airless Tires
Vehicle Types Covered:
• Passenger Vehicles
• Commercial Vehicles
• Two-Wheelers
• Off-Road Vehicles
• Military Vehicles
• Other Vehicle Types
Materials Covered:
• Rubber
• Plastic
• Composite Materials
• Other Materials
Sales Channels Covered:
• Original Equipment Manufacturers (OEMs)
• Aftermarket
Applications Covered:
• Automotive
• Construction & Industrial Equipment
• Agricultural Vehicles
• Aerospace
• Defense & Military
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Airless Tires Market, By Type
5.1 Introduction
5.2 Radial Airless Tires
5.3 Bias Airless Tires
6 Global Airless Tires Market, By Vehicle Type
6.1 Introduction
6.2 Passenger Vehicles
6.3 Commercial Vehicles
6.4 Two-Wheelers
6.5 Off-Road Vehicles
6.6 Military Vehicles
6.7 Other Vehicle Types
7 Global Airless Tires Market, By Material
7.1 Introduction
7.2 Rubber
7.3 Plastic
7.4 Composite Materials
7.5 Other Materials
8 Global Airless Tires Market, By Sales Channel
8.1 Introduction
8.2 Original Equipment Manufacturers (OEMs)
8.3 Aftermarket
9 Global Airless Tires Market, By Application
9.1 Introduction
9.2 Automotive
9.3 Construction & Industrial Equipment
9.4 Agricultural Vehicles
9.5 Aerospace
9.6 Defense & Military
9.7 Other Applications
10 Global Airless Tires Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.10 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.10 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.1 Middle East & Africa
10.10.1 Saudi Arabia
10.10.2 UAE
10.10.3 Qatar
10.10.4 South Africa
10.10.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Michelin
12.2 The Goodyear Tire & Rubber Company
12.3 Continental AG
12.4 Bridgestone Corporation
12.5 Trelleborg AB
12.6 Hankook Tire & Technology Co., Ltd.
12.7 Sumitomo Rubber Industries, Ltd.
12.8 Toyo Tire Corporation
12.9 The Yokohama Rubber Co., Ltd.
12.10 Amerityre Corporation
12.11 Tannus Ltd.
12.12 Pirelli Tyre S.p.A.
12.13 Cooper Tire & Rubber Company
12.14 Marathon Industries Inc.
12.15 Sentry Tire and Rubber LLC
12.16 Cheng Shin Tire
12.17 Elastomeric Innovations
12.18 Smart Tire Company
12.19 Camso Inc.
12.20 Resilient Technologies, LLC
List of Tables
1 Global Airless Tires Market Outlook, By Region (2022-2030) ($MN)
2 Global Airless Tires Market Outlook, By Type (2022-2030) ($MN)
3 Global Airless Tires Market Outlook, By Radial Airless Tires (2022-2030) ($MN)
4 Global Airless Tires Market Outlook, By Bias Airless Tires (2022-2030) ($MN)
5 Global Airless Tires Market Outlook, By Vehicle Type (2022-2030) ($MN)
6 Global Airless Tires Market Outlook, By Passenger Vehicles (2022-2030) ($MN)
7 Global Airless Tires Market Outlook, By Commercial Vehicles (2022-2030) ($MN)
8 Global Airless Tires Market Outlook, By Two-Wheelers (2022-2030) ($MN)
9 Global Airless Tires Market Outlook, By Off-Road Vehicles (2022-2030) ($MN)
10 Global Airless Tires Market Outlook, By Military Vehicles (2022-2030) ($MN)
11 Global Airless Tires Market Outlook, By Other Vehicle Types (2022-2030) ($MN)
12 Global Airless Tires Market Outlook, By Material (2022-2030) ($MN)
13 Global Airless Tires Market Outlook, By Rubber (2022-2030) ($MN)
14 Global Airless Tires Market Outlook, By Plastic (2022-2030) ($MN)
15 Global Airless Tires Market Outlook, By Composite Materials (2022-2030) ($MN)
16 Global Airless Tires Market Outlook, By Other Materials (2022-2030) ($MN)
17 Global Airless Tires Market Outlook, By Sales Channel (2022-2030) ($MN)
18 Global Airless Tires Market Outlook, By Original Equipment Manufacturers (OEMs) (2022-2030) ($MN)
19 Global Airless Tires Market Outlook, By Aftermarket (2022-2030) ($MN)
20 Global Airless Tires Market Outlook, By Application (2022-2030) ($MN)
21 Global Airless Tires Market Outlook, By Automotive (2022-2030) ($MN)
22 Global Airless Tires Market Outlook, By Construction & Industrial Equipment (2022-2030) ($MN)
23 Global Airless Tires Market Outlook, By Agricultural Vehicles (2022-2030) ($MN)
24 Global Airless Tires Market Outlook, By Aerospace (2022-2030) ($MN)
25 Global Airless Tires Market Outlook, By Defense & Military (2022-2030) ($MN)
26 Global Airless Tires Market Outlook, By Other Applications (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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