Airless Tire Market Size, Share, Growth, Trends & Forecast to 2028

Global Airless Tire Market Size, Share, Trends, Industry Growth by Product (Radial, Bias), by Material (Rubber, Plastic), by Vehicle, by Sales Channel, by Region, and Forecast to 2028

Report ID: RC131262 | Report Format: PDF + Excel | Starting Price: 3600/- USD | Last Updated: June 27th, 2023

The global airless tire market size is projected to grow at a significant CAGR of over 5% during the forecast period from 2022 to 2028. The increasing adoption of airless tires in all-terrain and military vehicles and the growing adoption of the product in the heavy commercial vehicles are some major factors to drive the market growth. Furthermore, the increasing demand for heavy construction equipment due to the rapid growth in urbanization and globalization has increased the demand for heavy-duty trucks which is expected to fuel the market growth. However, the high cost of manufacturing units, limited performance against friction and suspension, and heat dissipation issues are some factors to restrain the market growth.

Market Drivers:

Elimination of Tire Punctures: Airless tires, also known as non-pneumatic tires, do not contain air and therefore eliminate the risk of punctures and blowouts. This feature appeals to consumers as it offers increased safety and reduces the need for spare tires or roadside assistance, driving the demand for airless tires.

Durability and Extended Lifespan: Airless tires are designed to be more durable and have an extended lifespan compared to traditional pneumatic tires. They are constructed using materials that can withstand rough terrain, impact, and wear. The enhanced durability and longer lifespan of airless tires make them attractive to various industries, such as construction, mining, and military, where tire reliability and longevity are crucial.

Reduced Maintenance and Downtime: Airless tires require less maintenance compared to pneumatic tires. With no need for regular pressure checks, inflation, or repairs due to punctures, the maintenance costs and downtime associated with tire maintenance are significantly reduced. This benefit is particularly valuable in industries where equipment downtime can be costly, such as logistics, material handling, and construction.

Enhanced Load-Carrying Capacity: Airless tires are designed to have higher load-carrying capacities than traditional tires. They can distribute the weight more evenly, resulting in improved stability and handling of heavy loads. This makes airless tires suitable for applications that require high load capacity, such as off-road vehicles, industrial machinery, and agricultural equipment.

Environmental Sustainability: Airless tires contribute to environmental sustainability in several ways. Firstly, they eliminate the need for air, reducing the consumption of natural resources used in tire production and minimizing the release of greenhouse gases associated with tire manufacturing and disposal. Additionally, the durability and extended lifespan of airless tires reduce waste generation, promoting a more sustainable approach to tire usage.

Increased Versatility and Adaptability: Airless tires can be designed and customized for specific applications, terrains, and vehicles. Their versatility allows them to be used in a wide range of industries, including transportation, agriculture, construction, and military. This adaptability makes airless tires a preferred choice for specialized applications that require unique tire specifications.

Technological Advancements: Advances in tire manufacturing technologies and materials contribute to the growth of the airless tire market. Continuous research and development efforts focus on improving the performance, comfort, and efficiency of airless tire designs. Technological advancements in materials, such as composite materials and elastomers, enable the production of high-performing airless tires that meet the demands of various industries.

Government Regulations and Standards: Government regulations and standards related to vehicle safety, emissions, and sustainability can impact the adoption of airless tires. Regulations that promote safety and environmental conservation may encourage the use of airless tires as a viable alternative to traditional pneumatic tires, driving market growth.

Growing Focus on Autonomous and Electric Vehicles: The increasing interest in autonomous vehicles and electric vehicles (EVs) has a positive influence on the airless tire market. Airless tires offer benefits such as reduced maintenance, improved safety, and better energy efficiency, which align with the requirements of autonomous and EV applications. The adoption of airless tires is expected to increase as these vehicle technologies continue to evolve.

Strategic Partnerships and Collaborations: Collaborations between tire manufacturers, automotive companies, research institutions, and technology providers contribute to the growth of the airless tire market. Partnerships focus on developing and commercializing innovative airless tire solutions, leveraging the collective expertise of the involved parties.

Market Snapshot:

Benchmark Year		2022
Market Size
Market Growth (CAGR)		> 5% (2023-2030)
Largest Market Share
Analysis Period		2020-2030
Market Players		Michelin Group, Goodyear Tire & Rubber Co., Continental AG, Hankook Tire & Technology Group, and Bridgestone Corporation

Market Insights:

The global airless tire market is bifurcated into the product, material, vehicle type, sales channel, and geography. On the basis of product type, the market is further segmented into radial and bias. The radial tires segment is accounted to grow at the fastest growth rate over the forecast period. The properties associated with the radial tires such as excellent flexibility, higher strength, improved shock absorbent, and superior performance are some major factors to drive the segment growth. Furthermore, the higher preference and lower fuel consumption are some other factors anticipated to increase the demand for airless radial tires over the forecast period.

On the basis of material, the market is segmented into rubber and plastic materials. The plastic segment dominated the global airless tire market in 2021 and is expected to grow at the same trend over the forecast period. The strong preference and easy recyclability of plastic tires are some of the prominent factors driving the segment growth. On the other hand, the rubber segment is accounted to grow at a significant growth rate over the forecast period. The low cost of rubber and high load capacity are some of the primary characteristics of rubber tires which are expected to boost the growth of the segment over the forecast period.

Airless Tire Market Size

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The airless tire comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2022 to 2028. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The airless tire market research report presents the analysis of each segment from 2019 to 2028 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

2019-20 – Historical Year
2021 – Base Year
2022-2028 – Forecast Period

Market Segmentation:

By Product:

Radial
Bias

By Material:

Rubber
Plastic

By Vehicle Type:

Military Vehicles
Passenger & Commercial Vehicles
Terrain Vehicles
Utility Vehicles
Two-Wheelers

By Sales Channel:

OEM
Aftermarket

By Region:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Regional Analysis:

Geographically, the airless tire market report comprises dedicated sections centering on the regional market revenue and trends. The airless tire market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, and Rest of the World (RoW). The RoW segment consists of Latin America and the Middle East & Africa. The airless tire market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Airless tire market estimates have also been provided for the historical years 2018 & 2019 along with forecasts for the period from 2022 – 2028.

Competitive Assessment:

Some of the major market players operating in the global airless tire market are Michelin Group, Goodyear Tire & Rubber Co., Continental AG, Hankook Tire & Technology Group, and Bridgestone Corporation. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

Michelin Group
Goodyear Tire & Rubber Co.
Continental AG
Hankook Tire & Technology Group
Bridgestone Corporation
Trelleborg AG
GRI Tires
Amerityre Corporation
Tannus Ltd
Toyo Tire & Rubber Co. Ltd.

Key Questions Answered by Airless Tire Market Report

Global airless tire market forecasts from 2022-2028
Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
Airless tire submarket forecasts from 2022-2028 covering the market by product, by material, by vehicle type, by sales channel, and geography
Various industry models such as SWOT analysis, Value Chain Analysis about the market
Analysis of the key factors driving and restraining the growth of the global, regional, and country-level airless tire markets from 2022-2028
Competitive Landscape and market positioning of top 10 players operating in the market

Table of Content:

1. Preface

1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

2. Executive Summary

2.1. Global Airless Tire Market Portraiture
2.2. Global Airless Tire Market, by Product, 2021 (USD Mn)
2.3. Global Airless Tire Market, by Material, 2021 (USD Mn)
2.4. Global Airless Tire Market, by Vehicle Type, 2021 (USD Mn)
2.5. Global Airless Tire Market, by Sales Channel, 2021 (USD Mn)
2.6. Global Airless Tire Market, by Geography, 2021 (USD Mn)

3. Global Airless Tire Market Analysis

3.1. Airless Tire Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis

4. Global Airless Tire Market By Product, 2019 – 2028 (USD Mn)

4.1. Overview
4.2. Radial
4.3. Bias

5. Global Airless Tire Market By Material, 2019 – 2028 (USD Mn)

5.1. Overview
5.2. Rubber
5.3. Plastic

6. Global Airless Tire Market By Vehicle Type, 2019 – 2028 (USD Mn)

6.1. Overview
6.2. Military Vehicles
6.3. Passenger & Commercial Vehicles
6.4. Terrain Vehicles
6.5. Utility Vehicles
6.6. Two-Wheelers

7. Global Airless Tire Market By Sales Channel, 2019 – 2028 (USD Mn)

7.1. Overview
7.2. OEM
7.3. Aftermarket

8. North America Airless Tire Market Analysis and Forecast, 2019 – 2028 (USD Mn)

8.1. Overview
8.2. North America Airless Tire Market by Product, (2019-2028 USD Mn)
8.3. North America Airless Tire Market by Material, (2019-2028 USD Mn)
8.4. North America Airless Tire Market by Vehicle Type, (2019-2028 USD Mn)
8.5. North America Airless Tire Market by Sales Channel, (2019-2028 USD Mn)
8.6. North America Airless Tire Market by Country, (2019-2028 USD Mn)
8.6.1. U.S.
8.6.1.1. U.S. Airless Tire Market by Product, (2019-2028 USD Mn)
8.6.1.2. U.S. Airless Tire Market by Material, (2019-2028 USD Mn)
8.6.1.3. U.S. Airless Tire Market by Vehicle Type, (2019-2028 USD Mn)
8.6.1.4. U.S. Airless Tire Market by Sales Channel, (2019-2028 USD Mn)
8.6.2. Canada
8.6.2.1. Canada Airless Tire Market by Product, (2019-2028 USD Mn)
8.6.2.2. Canada Airless Tire Market by Material, (2019-2028 USD Mn)
8.6.2.3. Canada Airless Tire Market by Vehicle Type, (2019-2028 USD Mn)
8.6.2.4. Canada Airless Tire Market by Sales Channel, (2019-2028 USD Mn)

9. Europe Airless Tire Market Analysis and Forecast, 2019 – 2028 (USD Mn)

9.1. Overview
9.2. Europe Airless Tire Market by Product, (2019-2028 USD Mn)
9.3. Europe Airless Tire Market by Material, (2019-2028 USD Mn)
9.4. Europe Airless Tire Market by Vehicle Type, (2019-2028 USD Mn)
9.5. Europe Airless Tire Market by Sales Channel, (2019-2028 USD Mn)
9.6. Europe Airless Tire Market by Country, (2019-2028 USD Mn)
9.6.1. Germany
9.6.1.1. Germany Airless Tire Market by Product, (2019-2028 USD Mn)
9.6.1.2. Germany Airless Tire Market by Material, (2019-2028 USD Mn)
9.6.1.3. Germany Airless Tire Market by Vehicle Type, (2019-2028 USD Mn)
9.6.1.4. Germany Airless Tire Market by Sales Channel, (2019-2028 USD Mn)
9.6.2. U.K.
9.6.2.1. U.K. Airless Tire Market by Product, (2019-2028 USD Mn)
9.6.2.2. U.K. Airless Tire Market by Material, (2019-2028 USD Mn)
9.6.2.3. U.K. Airless Tire Market by Vehicle Type, (2019-2028 USD Mn)
9.6.2.4. U.K. Airless Tire Market by Sales Channel, (2019-2028 USD Mn)
9.6.3. France
9.6.3.1. France Airless Tire Market by Product, (2019-2028 USD Mn)
9.6.3.2. France Airless Tire Market by Material, (2019-2028 USD Mn)
9.6.3.3. France Airless Tire Market by Vehicle Type, (2019-2028 USD Mn)
9.6.3.4. France Airless Tire Market by Sales Channel, (2019-2028 USD Mn)
9.6.4. Italy
9.6.4.1. Italy Airless Tire Market by Product, (2019-2028 USD Mn)
9.6.4.2. Italy Airless Tire Market by Material, (2019-2028 USD Mn)
9.6.4.3. Italy Airless Tire Market by Vehicle Type, (2019-2028 USD Mn)
9.6.4.4. Italy Airless Tire Market by Sales Channel, (2019-2028 USD Mn)
9.6.5. Rest of Europe
9.6.5.1. Rest of Europe Airless Tire Market by Product, (2019-2028 USD Mn)
9.6.5.2. Rest of Europe Airless Tire Market by Material, (2019-2028 USD Mn)
9.6.5.3. Rest of Europe Airless Tire Market by Vehicle Type, (2019-2028 USD Mn)
9.6.5.4. Rest of Europe Airless Tire Market by Sales Channel, (2019-2028 USD Mn)

10. Asia Pacific Airless Tire Market Analysis and Forecast, 2019 – 2028 (USD Mn)

10.1. Overview
10.2. Asia Pacific Airless Tire Market by Product, (2019-2028 USD Mn)
10.3. Asia Pacific Airless Tire Market by Material, (2019-2028 USD Mn)
10.4. Asia Pacific Airless Tire Market by Vehicle Type, (2019-2028 USD Mn)
10.5. Asia Pacific Airless Tire Market by Sales Channel, (2019-2028 USD Mn)
10.6. Asia Pacific Airless Tire Market by Country, (2019-2028 USD Mn)
10.6.1. China
10.6.1.1. China Airless Tire Market by Product, (2019-2028 USD Mn)
10.6.1.2. China Airless Tire Market by Material, (2019-2028 USD Mn)
10.6.1.3. China Airless Tire Market by Vehicle Type, (2019-2028 USD Mn)
10.6.1.4. China Airless Tire Market by Sales Channel, (2019-2028 USD Mn)
10.6.2. Japan
10.6.2.1. Japan Airless Tire Market by Product, (2019-2028 USD Mn)
10.6.2.2. Japan Airless Tire Market by Material, (2019-2028 USD Mn)
10.6.2.3. Japan Airless Tire Market by Vehicle Type, (2019-2028 USD Mn)
10.6.2.4. Japan Airless Tire Market by Sales Channel, (2019-2028 USD Mn)
10.6.3. India
10.6.3.1. India Airless Tire Market by Product, (2019-2028 USD Mn)
10.6.3.2. India Airless Tire Market by Material, (2019-2028 USD Mn)
10.6.3.3. India Airless Tire Market by Vehicle Type, (2019-2028 USD Mn)
10.6.3.4. India Airless Tire Market by Sales Channel, (2019-2028 USD Mn)
10.6.4. Rest of Asia Pacific
10.6.4.1. Rest of Asia Pacific Airless Tire Market by Product, (2019-2028 USD Mn)
10.6.4.2. Rest of Asia Pacific Airless Tire Market by Material, (2019-2028 USD Mn)
10.6.4.3. Rest of Asia Pacific Airless Tire Market by Vehicle Type, (2019-2028 USD Mn)
10.6.4.4. Rest of Asia Pacific Airless Tire Market by Sales Channel, (2019-2028 USD Mn)

11. Latin America (LATAM) Airless Tire Market Analysis and Forecast, 2019 – 2028 (USD Mn)

11.1. Overview
11.2. Latin America Airless Tire Market by Product, (2019-2028 USD Mn)
11.3. Latin America Airless Tire Market by Material, (2019-2028 USD Mn)
11.4. Latin America Airless Tire Market by Vehicle Type, (2019-2028 USD Mn)
11.5. Latin America Airless Tire Market by Sales Channel, (2019-2028 USD Mn)
11.6. Latin America Airless Tire Market by Country, (2019-2028 USD Mn)
11.6.1. Brazil
11.6.1.1. Brazil Airless Tire Market by Product, (2019-2028 USD Mn)
11.6.1.2. Brazil Airless Tire Market by Material, (2019-2028 USD Mn)
11.6.1.3. Brazil Airless Tire Market by Vehicle Type, (2019-2028 USD Mn)
11.6.1.4. Brazil Airless Tire Market by Sales Channel, (2019-2028 USD Mn)
11.6.2. Mexico
11.6.2.1. Mexico Airless Tire Market by Product, (2019-2028 USD Mn)
11.6.2.2. Mexico Airless Tire Market by Material, (2019-2028 USD Mn)
11.6.2.3. Mexico Airless Tire Market by Vehicle Type, (2019-2028 USD Mn)
11.6.2.4. Mexico Airless Tire Market by Sales Channel, (2019-2028 USD Mn)
11.6.3. Rest of Latin America
11.6.3.1. Rest of Latin America Airless Tire Market by Product, (2019-2028 USD Mn)
11.6.3.2. Rest of Latin America Airless Tire Market by Material, (2019-2028 USD Mn)
11.6.3.3. Rest of Latin America Airless Tire Market by Vehicle Type, (2019-2028 USD Mn)
11.6.3.4. Rest of Latin America Airless Tire Market by Sales Channel, (2019-2028 USD Mn)

12. Middle East and Africa Airless Tire Market Analysis and Forecast, 2019 – 2028 (USD Mn)

12.1. Overview
12.2. MEA Airless Tire Market by Product, (2019-2028 USD Mn)
12.3. MEA Airless Tire Market by Material, (2019-2028 USD Mn)
12.4. MEA Airless Tire Market by Vehicle Type, (2019-2028 USD Mn)
12.5. MEA Airless Tire Market by Sales Channel, (2019-2028 USD Mn)
12.6. Middle East and Africa Airless Tire Market, by Country, (2019-2028 USD Mn)
12.6.1. GCC
12.6.1.1. GCC Airless Tire Market by Product, (2019-2028 USD Mn)
12.6.1.2. GCC Airless Tire Market by Material, (2019-2028 USD Mn)
12.6.1.3. GCC Airless Tire Market by Vehicle Type, (2019-2028 USD Mn)
12.6.1.4. GCC Airless Tire Market by Sales Channel, (2019-2028 USD Mn)
12.6.2. South Africa
12.6.2.1. South Africa Airless Tire Market by Product, (2019-2028 USD Mn)
12.6.2.2. South Africa Airless Tire Market by Material, (2019-2028 USD Mn)
12.6.2.3. South Africa Airless Tire Market by Vehicle Type, (2019-2028 USD Mn)
12.6.2.4. South Africa Airless Tire Market by Sales Channel, (2019-2028 USD Mn)
12.6.3. Rest of MEA
12.6.3.1. Rest of MEA Airless Tire Market by Product, (2019-2028 USD Mn)
12.6.3.2. Rest of MEA Airless Tire Market by Material, (2019-2028 USD Mn)
12.6.3.3. Rest of MEA Airless Tire Market by Vehicle Type, (2019-2028 USD Mn)
12.6.3.4. Rest of MEA Airless Tire Market by Sales Channel, (2019-2028 USD Mn)

13. Company Profiles

13.1. Michelin Group
13.1.1. Business Description
13.1.2. Financial Health and Budget Allocation
13.1.3. Product Positions/Portfolio
13.1.4. Recent Development
13.1.5. SWOT Analysis
13.2. Goodyear Tire & Rubber Co.
13.2.1. Business Description
13.2.2. Financial Health and Budget Allocation
13.2.3. Product Positions/Portfolio
13.2.4. Recent Development
13.2.5. SWOT Analysis
13.3. Continental AG
13.3.1. Business Description
13.3.2. Financial Health and Budget Allocation
13.3.3. Product Positions/Portfolio
13.3.4. Recent Development
13.3.5. SWOT Analysis
13.4. Hankook Tire & Technology Group
13.4.1. Business Description
13.4.2. Financial Health and Budget Allocation
13.4.3. Product Positions/Portfolio
13.4.4. Recent Development
13.4.5. SWOT Analysis
13.5. Bridgestone Corporation
13.5.1. Business Description
13.5.2. Financial Health and Budget Allocation
13.5.3. Product Positions/Portfolio
13.5.4. Recent Development
13.5.5. SWOT Analysis
13.6. Trelleborg AG
13.6.1. Business Description
13.6.2. Financial Health and Budget Allocation
13.6.3. Product Positions/Portfolio
13.6.4. Recent Development
13.6.5. SWOT Analysis
13.7. GRI Tires
13.7.1. Business Description
13.7.2. Financial Health and Budget Allocation
13.7.3. Product Positions/Portfolio
13.7.4. Recent Development
13.7.5. SWOT Analysis
13.8. Amerityre Corporation
13.8.1. Business Description
13.8.2. Financial Health and Budget Allocation
13.8.3. Product Positions/Portfolio
13.8.4. Recent Development
13.8.5. SWOT Analysis
13.9. Tannus Ltd.
13.9.1. Business Description
13.9.2. Financial Health and Budget Allocation
13.9.3. Product Positions/Portfolio
13.9.4. Recent Development
13.9.5. SWOT Analysis
13.10. Toyo Tire & Rubber Co. Ltd.
13.10.1. Business Description
13.10.2. Financial Health and Budget Allocation
13.10.3. Product Positions/Portfolio
13.10.4. Recent Development
13.10.5. SWOT Analysis

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