Airless Tires Market Size, Share, Growth Report 2030

Airless Tires Market

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

Category: Automotive Report Format : PDF Pages: 234 Report Code: ZMR-5776 Published Date: May-2023 Status : Published
Market Size in 2022 Market Forecast in 2030 CAGR (in %) Base Year
USD 53.62 Million USD 80.52 Million 5.2% 2022

 

Industry Prospective:

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 SizeRequest Free Sample

The report analyzes the global airless tires market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the airless tires industry.            

Airless Tires Market: Overview

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.

Key Insights

  • As per the analysis shared by our research analyst, the global airless tires market is estimated to grow annually at a CAGR of around 5.2% over the forecast period (2023-2030).
  • In terms of revenue, the global airless tires market size was valued at around USD 53.62 million in 2022 and is projected to reach USD 80.52 million, by 2030.
  • The primary factor projected to drive the airless tires market is the increasing demand for puncture-proof and maintenance-free tires.
  • Based on the vehicle type, the passenger vehicles segment captures the largest market share during the forecast period.
  • Based on the material, the rubber segment is growing at a significant rate during the forecast period.
  • Based on region, North America is expected to dominate the market during the forecast period.

Global Airless Tires Market Request Free Sample

Airless Tires Market: Growth Drivers

Increasing demand for puncture-proof and maintenance-free tires

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.

Airless tires have significant advantages over pneumatic tires in terms of crash resistance. Removing the plenum eliminates the risk of flatness from nails, sharp objects, or road debris. This ability is especially important in industries such as construction, mining, and agriculture, where vehicles can operate on rough and difficult land, saving time and money.

Airless Tires Market: Restraints

Higher cost compared to traditional pneumatic tires

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 global airless tires market. 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.

Airless Tires Market: Opportunities

Its potential for widespread adoption in off-road and industrial applications

Airless tires offer significant advantages in environments where traditional pneumatic tires are prone to punctures and blowouts. These applications include construction sites, mining operations, military vehicles, and off-road recreational vehicles. In these rugged environments, airless tires can provide enhanced durability and reliability.

Their solid or cellular structures are designed to withstand rough terrains, sharp objects, and heavy loads, reducing the risk of tire failures and downtime. By eliminating the need for tire inflation and regular maintenance, airless tires can also contribute to improved operational efficiency and cost savings. Furthermore, airless tires offer the potential for increased safety in off-road and industrial settings. Punctured or blown-out tires can cause accidents and injuries, especially in critical operations. Airless tires' ability to resist punctures and maintain performance even when damaged can significantly reduce the risk of accidents, ensuring the safety of workers and equipment.

Airless Tires Market: Challenges

Performance and Ride Quality

One of the main challenges faced by the airless tires industry 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.

Airless Tires Market: Segmentation

The global airless tires industry 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.

The passenger vehicles segment will capture the largest airless tires market share during the forecast period. 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 global 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.             

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.

Airless Tires Market: Report Scope

Report Attributes Report Details
Report Name Airless Tires Market Research Report
Market Size in 2022 USD 53.62 Million
Market Forecast in 2030 USD 80.52 Million
Growth Rate CAGR of 5.2%
Number of Pages 234
Key Companies Covered 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
Segments Covered By Vehicle Type, By Material, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2022
Historical Year 2017 to 2021
Forecast Year 2023 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Regional Analysis

North America is expected to dominate the market during the forecast period

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.

Global Airless Tires Market SizeRequest Free Sample

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.

Airless Tires Market: Competitive Analysis

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

Table Of Content

Methodology

FrequentlyAsked Questions

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.

The primary factor projected to drive the airless tires market is the Increasing demand for puncture-proof and maintenance-free tires.

According to the report, 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.

The global airless tires market is expected to grow at a CAGR of 5.2% during the forecast period.

The global airless tires market growth is expected to be ruled by North America driven by the region's strong automotive industry, technological advancements, and focus on innovation.

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, and Ameritire Corporation

Choose License Type

  • zion payment modes

HappyClients

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed