Global Airless Tires Market Is Predicted to Grow Around USD 80.52 Million By 2030

31-May-2023 | Zion Market Research

The global airless tires market size was worth around USD 53.62 Million in 2022 and is predicted to grow to around USD 80.52 million by 2030 with a compound annual growth rate (CAGR) of roughly 5.2% between 2023 and 2030.

Global Airless Tires Market Size

Airless tires, also known as non-pneumatic tires (NPT), are a type of tire that doesn't rely on air pressure for support and functionality. Unlike traditional tires, which are filled with pressurized air to provide cushioning and load-bearing capabilities, airless tires are designed with a solid or cellular structure that eliminates the need for inflation. There are different designs of airless tires available, but their primary aim is to offer comparable or enhanced performance compared to pneumatic tires while eliminating common issues such as punctures, blowouts, and the need for regular maintenance associated with air-filled tires. One common type of airless tire employs a solid rubber or elastomer construction, providing stability and structural support. These tires are often made from materials that can absorb impacts and distribute forces, resulting in a comfortable ride while minimizing the risk of damage.

Increasing demand for puncture-proof and maintenance-free tires is likely to drive the global airless tires market. Traditional pneumatic tires are easily punctured by sharp objects on the road, causing the tire to burst, and posing a safety hazard. In addition, pneumatic tires require regular maintenance, such as maintenance and repair of air pressure, which is time-consuming and inconvenient for users. Airless tires solve these problems by eliminating the risk of accidents and the need for regular maintenance. Available in solid or honeycomb material, these tires are designed to protect against bumps and punctures for reliable and uninterrupted performance.

These features are particularly useful in industries or applications where tire punctures can have serious consequences, such as military vehicles, construction equipment, and off-road vehicles. In addition, the maintenance-free operation of airless tires has attracted the attention of many users, including consumers, pilots, and commercial customers. Eliminating tasks such as accidental tire inspection, inflation, and tire replacement will save time, reduce costs and increase overall comfort. All these factors are projected to surge market expansion in years to come.

The higher cost may deter some consumers from using airless tires, especially in price markets or markets where cost-effectiveness is important, thereby hampering the growth of the airless tires industry. It may also limit the widespread adoption of airless tires in certain applications, such as passenger vehicles, where the cost factor plays a significant role in consumer decision-making. Additionally, the higher cost of airless tires can impact the replacement market. Consumers may be hesitant to invest in airless tires if the cost of replacing all their pneumatic tires with airless ones is significantly higher.

One of the main challenges faced by the airless tires market is ensuring optimal performance and ride quality comparable to traditional pneumatic tires. Pneumatic tires have long been the standard due to their ability to provide a comfortable ride, excellent traction, and handling characteristics. Achieving similar performance with airless tires, which lack the air cushioning effect, poses a significant challenge.

The global airless tires market is segmented based on vehicle type, material, and region.

Based on the vehicle type, the global market is bifurcated into military vehicles, passenger vehicles, commercial vehicles, terrain vehicles, utility vehicles, and two-wheelers. In terms of market share, passenger vehicles have the potential to capture a significant portion of the airless tire market. Airless tires can offer benefits such as puncture resistance, reduced maintenance, and potentially improved fuel efficiency. These advantages appeal to consumers looking for convenience, safety, and cost savings. However, factors such as ride comfort and performance are crucial considerations for passenger vehicles, and manufacturers need to address these aspects to gain broader acceptance.

Based on the material, the airless tires industry is divided into rubber and plastic. The rubber segment is expected to dominate the market over the forecast period. Rubber has been widely used in the manufacturing of airless tires due to its favorable properties, including excellent grip, durability, and resistance to wear and tear. Solid rubber or elastomer-based airless tires are commonly used in various applications, such as bicycles, wheelchairs, and small vehicles.

North America has a significant presence in the global airless tire market, driven by the region's strong automotive industry, technological advancements, and focus on innovation. The United States, in particular, has been at the forefront of airless tire development, with several companies actively working on advancing the technology. Additionally, the region's growing interest in electric vehicles and sustainability further fuels the demand for airless tires.

Europe is another prominent market for airless tires, primarily due to its well-established automotive industry and stringent regulations regarding vehicle safety & emissions. European countries, including Germany, France, and the UK, have been actively involved in research and development efforts for airless tire technology. The region's emphasis on sustainable mobility solutions and increasing adoption of electric vehicles contribute to the growth of the airless tire market.

Browse the full “Airless Tires Market By Vehicle Type (Passenger Vehicles, Commercial Vehicles, Off-Road Vehicles), By Material (Rubber, Plastic), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2023 – 2030. Report at https://www.zionmarketresearch.com/report/airless-tires-market

Recent Developments:

  • In April 2021, Toyo Tires announced plans to begin the commercialization of airless tires that eliminate the need for air filling. By the end of 2021, they aimed to introduce a production line for manufacturing airless tires at their Sendai Plant in Iwakuma City, Miyagi Prefecture, and conduct production tests. The company's focus was to assess the feasibility of the business by evaluating factors such as quality, cost, and market demand.
  • In December 2020, Hankook Tire announced a collaboration with Eltek, an Indonesian automotive parts manufacturer, to develop airless tires. The partnership aimed to combine Eltek's expertise in polyurethane materials with Hankook's tire manufacturing capabilities to create airless tires suitable for electric scooters and other small vehicles.

The global airless tires market is dominated by players like:

  • 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

The global airless tires market is segmented as follows:

By Vehicle Type

  • Military Vehicle
  • Passenger Vehicle
  • Commercial Vehicle
  • Terrain Vehicle
  • Utility Vehicle
  • Two-wheelers

By Material

  • Rubber
  • Plastic

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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