Global Airless Tires Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Rim size;

Less than 15 Inches,15 to 20 Inches and More than 20 Inches.

By Vehicle;

Military vehicles, Passenger & commercial vehicles, Terrain vehicles, Utility vehicles and Two-wheelers.

By Material;

Rubber and Plastic.

By Sales Channel;

OEM and Aftermarket.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn426504355 Published Date: March, 2024 Updated Date: April, 2024

Introduction

Global Airless Tires Market (USD Million), 2020 - 2030

In the year 2023, the Global Airless Tires Market was valued at USD 55.38 million. The size of this market is expected to increase to USD 84.37 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 6.2%.

Airless tires, also referred to as solid or non-pneumatic tires, offer a durable alternative to traditional air-filled tires, mitigating risks associated with flat tires and blowouts, thus enhancing passenger safety. While traditionally manufactured from plastic or rubber, the adoption of 3D printing in the manufacturing process is gaining traction. The market for airless tires is being propelled by the rising number of heavy commercial vehicles, spurred by urbanization and globalization trends.

However, challenges such as high initial investments for manufacturing facilities and fluctuating raw material prices pose constraints to market growth. Additionally, solid tires face limitations in suspension, friction, and heat dissipation, which may hinder their widespread adoption. Nonetheless, opportunities abound, especially in the aftermarket for passenger vehicles, alongside advancements in materials and technology. Off-road vehicles emerge as the dominant market segment for airless tires, with a long-standing presence in construction and industrial applications further bolstering their market share. Major players like Michelin are actively exploring airless tire solutions for passenger vehicles, signaling potential mainstream adoption in the future.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Rim size
    2. Market Snapshot, By Vehicle
    3. Market Snapshot, By Material
    4. Market Snapshot, By Sales Channel
    5. Market Snapshot, By Region
  4. Global Airless Tires Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rise in demand for maintenance-free tires

        2. Increase in demand for all-terrain and military vehicles

        3. Growing awareness about the benefits of airless tires

      2. Restraints
        1. Low performance during friction and high-speed scenarios

        2. Airless tires are more expensive to manufacture

        3. Airless tire technology may face regulatory hurdles related to safety standards

      3. Opportunities
        1. Customization and Personalization

        2. Market Penetration in Emerging Economies

        3. Maintenance-Free Solution

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Airless Tires Market, By Rim size, 2020 - 2030 (USD Million)
      1. Less than 15 Inches
      2. 15 to 20 Inches
      3. More than 20 Inches.
    2. Global Airless Tires Market, By Vehicle, 2020 - 2030 (USD Million)
      1. Military vehicles,
      2. Passenger & commercial vehicles
      3. Terrain vehicles
      4. Utility vehicles and Two-wheelers
    3. Global Airless Tires Market, By Material, 2020 - 2030 (USD Million)
      1. Rubber
      2. Plastic
    4. Global Airless Tires Market, By Sales Channel, 2020 - 2030 (USD Million)
      1. OEM
      2. Aftermarket
    5. Global Airless Tires Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Ameritire Corporation

      2. Bridgestone Corporation

      3. Continental AG

      4. Hankook Tire & Technology Co., Ltd.

      5. Michelin

      6. Sumitomo Rubber Industries, Ltd.

      7. The Goodyear Tire & Rubber Company

      8. Toyo Tire Corporation

      9. The Yokohama Rubber Co., Ltd.

      10. Trelleborg

  7. Analyst Views
  8. Future Outlook of the Market

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