Airless Tires Market (By Product: Radial and Bias; By Vehicle: Military Vehicles, Passenger Vehicles, Commercial Vehicles, Terrain Vehicles, Utility Vehicles, and Two-wheelers; By Material: Rubber and Plastic; By Sales Channel: Original Equipment Manufacturer (OEM) and Aftermarket) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023 – 2032
The global airless tires market size was reached at USD 54 million in 2022 and is expected to reach over USD 97.16 million by 2032 with a registered CAGR of 6.10% from 2023 to 2032.
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The Asia Pacific airless tires market size was valued at USD 16.20 million in 2022 and is predicted to be worth around USD 28.87 million by 2032 with a CAGR of 6% from 2023 to 2032.
Based on the region, the North America segment dominated the global airless tires market in 2022, in terms of revenue and is estimated to sustain its dominance during the forecast period. The increasing use of airless tires in military, terrain, and utility vehicles, as well as market players’ ongoing focus on delivering products for military and defense purposes, are expected to propel North America to the top of the market during the forecast period.
The Asia-Pacific is estimated to be the most opportunistic segment during the forecast period. Asia-Pacific is expected to have considerable growth, which can be due to the presence of manufacturers, easy availability of raw materials, and increased vehicle ownership in the Asia-Pacific region.
The solid and non-pneumatic tires that are not supported by air pressure are known as airless tires. They’re usually made of plastic or rubber, although 3D printing is being used more and more these days. These tires minimize accidents caused by flat tires and blowouts, as well as ensuring passenger safety. Furthermore, the airless tires market is likely to be driven by an increase in the number of heavy commercial vehicles, such as heavy construction equipment and heavy-duty trucks, as a result of globalization and urbanization.
The increasing demand for all-terrain and military vehicles, ongoing technological advancements to minimize tire vibration and noise, the presence of technology suppliers in the market, and the rising automotive sector are some of the primary factors driving the airless tires market expansion during the forecast period.
However, the substantial capital investment required to establish new manufacturing facilities, as well as the volatility of raw material costs, may limit the airless tires market expansion. The solid tire performance in terms of suspension and friction, as well as heat dissipation difficulties, may hinder the airless tires market expansion. The aftermarket demand for solid tires from passenger vehicles, as well as technological improvements involving new materials, is likely to create significant market potential opportunities.
The increased demand for agricultural machinery has led from governments’ increased focus on the agricultural sector around the world, resulting to increased manufacturing of airless tires. The manufacturers are working on employing frequent technology developments to overcome the issues connected with these tires, such as noise and vibration.
The airless tires market share will be primarily driven by rising acceptance from heavy commercial and off-road vehicles, as well as increasing deployment in the military segment, particularly in developed countries in the North America.
The airless tires have better load bearing capacity, driving performance, and are environmentally beneficial. The consumers are opting for these tires because they eliminate the need for spare tires and provide higher productivity in areas such as manufacturing, construction, farming, and mining.
| Report Coverage | Details |
| Market Size in 2023 | USD 57.02 Million |
| Growth Rate from 2023 to 2032 | 6.10% |
| Revenue Projection by 2032 | USD 97.16 Million |
| Largest Market | North America |
| Fastest Growing Market | Asia Pacific |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Companies Mentioned | Trelleborg, Continental AG, Michelin, Toyo Tire Corporation, Hankook Tire & Technology Co. Ltd, Sumitomo Rubber Industries Ltd., The Goodyear Tire & Rubber Company, The Yokohama Rubber Co. Ltd, Bridgestone Corporation, Ameritire Corporation |
Based on the product, the radial tires segment accounted largest revenue share in 2022. The radial tires are made up of a number of cords that go from the beads to the tread. This permits the cords to be set at almost right angles to the tread’s centerline and parallel to each other, as well as the belts to be laid precisely beneath the tread. The tire’s strength and shape are provided by this network.
The bias tires segment is estimated to be the most opportunistic segment during the forecast period. The nylon belts run at a 30-to-45-degree angle to the tread line on bias tires. The tire’s sidewall and tread are connected by overlapping rubber piles. The bias tires provide several advantages, including smoother rides on rough terrain surfaces and stronger sidewalls.
Based on the material, the rubber segment dominated the global airless tires market in 2022. The rubber is a low-cost, high-load-carrying material. To improve steering stability, rubber compounds used in airless tires, such as vulcanized rubber compounds utilized inside a tire must have a high rigidity.
The plastic is estimated to be the most opportunistic segment during the forecast period. The manufacturers favor plastic materials for airless tire production because they are recyclable. The market will rise as the use of recyclable plastic in the manufacture of two-wheeler tires with plastic spokes increases.
Based on the vehicle type, the two-wheeler segment accounted largest revenue share in 2022. The tires for airless two-wheelers are created from special foams that have been extruded into various shapes. Due to rising population, strong spending power, and favorable legislation, demand for passenger vehicles is increasing at a rapid pace.
The light commercial vehicle is estimated to be the most opportunistic segment during the forecast period. The minivans, buses, and pickup trucks are examples of light commercial vehicles. The need for light commercial vehicles is expanding as the processing, manufacturing, and logistics sectors grow, as well as the tourism and hospitality industries.
Key Companies & Market Share Insights
To boost their market position, the key market players in the airless tires market are merging and forming joint ventures. For example, the Bridgestone and Goodyear Tire and Rubber Company signed a contract in April 2018 to develop a tire distribution network in the U.S. The key market players are also expected to create strategic alliances in order to boost their distribution channels and product sales.
Segments Covered in the Report
By Product
By Vehicle
By Material
By Sales Channel
By Geography
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Airless Tires Market
5.1. COVID-19 Landscape: Airless Tires Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Airless Tires Market, By Product
8.1. Airless Tires Market, by Product Type, 2023-2032
8.1.1. Radial
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Bias
8.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Airless Tires Market, By Vehicle
9.1. Airless Tires Market, by Vehicle, 2023-2032
9.1.1. Military Vehicle
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Passenger Vehicle
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Commercial Vehicle
9.1.3.1. Market Revenue and Forecast (2020-2032)
9.1.4. Terrain Vehicle
9.1.4.1. Market Revenue and Forecast (2020-2032)
9.1.5. Utility Vehicle
9.1.5.1. Market Revenue and Forecast (2020-2032)
9.1.6. Two-wheelers
9.1.6.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Airless Tires Market, By Material Type
10.1. Airless Tires Market, by Material Type, 2023-2032
10.1.1. Rubber
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Plastic
10.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Airless Tires Market, By Sales Channel Type
11.1. Airless Tires Market, by Sales Channel Type, 2023-2032
11.1.1. Original Equipment Manufacturer (OEM)
11.1.1.1. Market Revenue and Forecast (2020-2032)
11.1.2. Aftermarket
11.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 12. Global Airless Tires Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Product (2020-2032)
12.1.2. Market Revenue and Forecast, by Vehicle (2020-2032)
12.1.3. Market Revenue and Forecast, by Material Type (2020-2032)
12.1.4. Market Revenue and Forecast, by Sales Channel Type (2020-2032)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Product (2020-2032)
12.1.5.2. Market Revenue and Forecast, by Vehicle (2020-2032)
12.1.5.3. Market Revenue and Forecast, by Material Type (2020-2032)
12.1.5.4. Market Revenue and Forecast, by Sales Channel Type (2020-2032)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Product (2020-2032)
12.1.6.2. Market Revenue and Forecast, by Vehicle (2020-2032)
12.1.6.3. Market Revenue and Forecast, by Material Type (2020-2032)
12.1.6.4. Market Revenue and Forecast, by Sales Channel Type (2020-2032)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Product (2020-2032)
12.2.2. Market Revenue and Forecast, by Vehicle (2020-2032)
12.2.3. Market Revenue and Forecast, by Material Type (2020-2032)
12.2.4. Market Revenue and Forecast, by Sales Channel Type (2020-2032)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Product (2020-2032)
12.2.5.2. Market Revenue and Forecast, by Vehicle (2020-2032)
12.2.5.3. Market Revenue and Forecast, by Material Type (2020-2032)
12.2.5.4. Market Revenue and Forecast, by Sales Channel Type (2020-2032)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Product (2020-2032)
12.2.6.2. Market Revenue and Forecast, by Vehicle (2020-2032)
12.2.6.3. Market Revenue and Forecast, by Material Type (2020-2032)
12.2.6.4. Market Revenue and Forecast, by Sales Channel Type (2020-2032)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Product (2020-2032)
12.2.7.2. Market Revenue and Forecast, by Vehicle (2020-2032)
12.2.7.3. Market Revenue and Forecast, by Material Type (2020-2032)
12.2.7.4. Market Revenue and Forecast, by Sales Channel Type (2020-2032)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Product (2020-2032)
12.2.8.2. Market Revenue and Forecast, by Vehicle (2020-2032)
12.2.8.3. Market Revenue and Forecast, by Material Type (2020-2032)
12.2.8.4. Market Revenue and Forecast, by Sales Channel Type (2020-2032)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Product (2020-2032)
12.3.2. Market Revenue and Forecast, by Vehicle (2020-2032)
12.3.3. Market Revenue and Forecast, by Material Type (2020-2032)
12.3.4. Market Revenue and Forecast, by Sales Channel Type (2020-2032)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Product (2020-2032)
12.3.5.2. Market Revenue and Forecast, by Vehicle (2020-2032)
12.3.5.3. Market Revenue and Forecast, by Material Type (2020-2032)
12.3.5.4. Market Revenue and Forecast, by Sales Channel Type (2020-2032)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Product (2020-2032)
12.3.6.2. Market Revenue and Forecast, by Vehicle (2020-2032)
12.3.6.3. Market Revenue and Forecast, by Material Type (2020-2032)
12.3.6.4. Market Revenue and Forecast, by Sales Channel Type (2020-2032)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Product (2020-2032)
12.3.7.2. Market Revenue and Forecast, by Vehicle (2020-2032)
12.3.7.3. Market Revenue and Forecast, by Material Type (2020-2032)
12.3.7.4. Market Revenue and Forecast, by Sales Channel Type (2020-2032)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Product (2020-2032)
12.3.8.2. Market Revenue and Forecast, by Vehicle (2020-2032)
12.3.8.3. Market Revenue and Forecast, by Material Type (2020-2032)
12.3.8.4. Market Revenue and Forecast, by Sales Channel Type (2020-2032)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Product (2020-2032)
12.4.2. Market Revenue and Forecast, by Vehicle (2020-2032)
12.4.3. Market Revenue and Forecast, by Material Type (2020-2032)
12.4.4. Market Revenue and Forecast, by Sales Channel Type (2020-2032)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Product (2020-2032)
12.4.5.2. Market Revenue and Forecast, by Vehicle (2020-2032)
12.4.5.3. Market Revenue and Forecast, by Material Type (2020-2032)
12.4.5.4. Market Revenue and Forecast, by Sales Channel Type (2020-2032)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Product (2020-2032)
12.4.6.2. Market Revenue and Forecast, by Vehicle (2020-2032)
12.4.6.3. Market Revenue and Forecast, by Material Type (2020-2032)
12.4.6.4. Market Revenue and Forecast, by Sales Channel Type (2020-2032)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Product (2020-2032)
12.4.7.2. Market Revenue and Forecast, by Vehicle (2020-2032)
12.4.7.3. Market Revenue and Forecast, by Material Type (2020-2032)
12.4.7.4. Market Revenue and Forecast, by Sales Channel Type (2020-2032)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Product (2020-2032)
12.4.8.2. Market Revenue and Forecast, by Vehicle (2020-2032)
12.4.8.3. Market Revenue and Forecast, by Material Type (2020-2032)
12.4.8.4. Market Revenue and Forecast, by Sales Channel Type (2020-2032)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Product (2020-2032)
12.5.2. Market Revenue and Forecast, by Vehicle (2020-2032)
12.5.3. Market Revenue and Forecast, by Material Type (2020-2032)
12.5.4. Market Revenue and Forecast, by Sales Channel Type (2020-2032)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Product (2020-2032)
12.5.5.2. Market Revenue and Forecast, by Vehicle (2020-2032)
12.5.5.3. Market Revenue and Forecast, by Material Type (2020-2032)
12.5.5.4. Market Revenue and Forecast, by Sales Channel Type (2020-2032)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Product (2020-2032)
12.5.6.2. Market Revenue and Forecast, by Vehicle (2020-2032)
12.5.6.3. Market Revenue and Forecast, by Material Type (2020-2032)
12.5.6.4. Market Revenue and Forecast, by Sales Channel Type (2020-2032)
Chapter 13. Company Profiles
13.1. Trelleborg
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Continental AG
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Michelin
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Toyo Tire Corporation
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Hankook Tire & Technology Co. Ltd
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Sumitomo Rubber Industries Ltd.
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. The Goodyear Tire & Rubber Company
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. The Yokohama Rubber Co. Ltd
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Bridgestone Corporation
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. Ameritire Corporation
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
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