Airless Tires Market - By Product (Radial and Bias), By Vehicle (Military Vehicles, Passenger & Commercial Vehicles, Terrain Vehicles, Utility Vehicles, and Two-wheelers), By Material (Rubber and Plastic), By Marketing Channel (OEM and Aftermarket), and By Region - Global Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026

Published Date: 03-Feb-2021 Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-5776 Status : Published

The global Airless Tires market, which accrued revenue worth 35.1 (USD Million) in 2019 and anticipated to garner earnings about 46.1 (USD Million) by 2026, is set to grow at a CAGR of nearly 6.4% during the period from 2020 to 2026.

Description

The global Airless Tires market, which accrued revenue worth 35.1 (USD Million) in 2019 and anticipated to garner earnings about 46.1 (USD Million) by 2026, is set to grow at a CAGR of nearly 6.4% during the period from 2020 to 2026. The report offers valuation and analysis of the Airless Tires market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, restraints, revenue estimates, avenues, current & emerging trends, and industry-validated market information. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Million).

Industry Outlook

With breakthroughs in the automotive sector, the use of airless tires is gaining popularity across the globe. Moreover, firms in the automotive industry are trying to design tires that offer low rolling resistance & friction and airless tires aptly fit in the role. Apparently, future sustainability of road transport requires a drastic improvement in energy usage by road vehicles. Though the deployment of novel techniques has succeeded in reducing overall energy consumption by vehicles, the tire rolling resistance has contributed substantially towards energy or fuel usage by the vehicles. This has necessitated the use of airless tires having low rolling resistance. Citing an instance, many of the tire manufacturers are focusing on tire productions having low rolling resistance feature. The reason being the rolling resistance contributes approximately 20% to 30% towards overall vehicle fuel usage.

Furthermore, the reduction of rolling resistance helps in reducing the fuel usage and emissions of carbon-dioxide, hydrocarbons, and Nitrogen oxide. This, in turn, also helps in contributing immensely towards green environment provided there is huge number of vehicles on road. It has been found that the key cause of rolling resistance is the deformational behaviour trait of the tire accounting for nearly 80% to 95% of overall rolling resistance. With airless tires reducing the rolling resistance, the   airless tires market is anticipated to gain traction over the years to come.

Global Airless Tires Market

Market Growth Dynamics

Escalating requirement for reducing rolling resistance along with restricting the downtime costs will prompt the expansion of airless tires market over the years ahead. Growing trend of replacing flat tires with airless ones has helped the airless tires industry gain traction in the recent years. Apart from this, the products have elongated lifespan as compared to traditional tires and this will create lucrative growth opportunities for airless tires industry over the forecast period. Apparently, airless tires possess new features including high durability, massive use in rugged activities, and are puncture proof.

Furthermore, large-scale demand for flexible & robust tires along with enhanced shock absorbing features will encourage the tire manufacturers to opt for producing airless tires. This will further embellish the expansion of airless tires industry over the forecast timeline. In addition to this, high compatibility of special airless tires among heavy vehicles for safe driving will shape the growth of airless tires market over the assessment period. Huge acceptance of airless tires for commercial vehicles in military & defense sector along with high product demand in off-shore vehicle sector with a view for improving the vehicle safety will steer the market size. Nonetheless, huge production costs of the airless tires will put brakes on the expansion of airless tires industry over the assessment period.

North America To Make Notable Contributions Towards Overall Market Size By 2026

The expansion of the airless tires industry in North American sub-continent over the assessment timeline is due to massive demand for these products in defense activities as well as utility terrain vehicles in the countries such as the U.S. and Canada. Apart from this, massive product penetration in construction and farming sectors will boost the regional market size in the years to come. The product is used by U.S. military sector for quick movement in tough & uneven terrains.

Key participants profiled in the study include Continental AG, Michelin, Trelleborg AB, Bridgestone, and GRI Tires.

This report segments the Airless Tires market as follows:

Global Airless Tires Market: By Product Segment Analysis

  • Radial
  • Bias

Global Airless Tires Market: By Vehicle Segment Analysis

  • Military vehicles
  • Passenger & commercial vehicles
  • Terrain vehicles
  • Utility vehicles
  • Two-wheelers

Global Airless Tires Market: By Material Segment Analysis

  • Rubber
  • Plastic

Global Airless Tires Market: By Marketing Channel Segment Analysis

  • OEM
  • Aftermarket

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

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodulogy
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodulogy
  • Chapter 2. Executive Summary
    • 2.1. Airless Tires Market, 2016–2026 (USD Million)
    • 2.2. Airless Tires Market: Snapshot
  • Chapter 3. Global Airless Tires Market– Industry Analysis
    • 3.1. Airless Tires Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Huge acceptance of airless tires for commercial vehicles in military & defense sector along with high product demand in off-shore vehicle sector with a view for improving the vehicle safety will steer the Airless Tires market size.
      • 3.2.2. Humungous need for minimizing rulling resistance along with restricting the downtime costs will prompt the expansion of airless tires market over the years ahead.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Product
      • 3.4.2. Market attractiveness analysis By Vehicle
      • 3.4.3. Market attractiveness analysis By Material
      • 3.4.4. Market attractiveness analysis By Marketing Channel
  • Chapter 4. Global Airless Tires Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Airless Tires Market: company market share, 2018
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Product launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Airless Tires Market– Product Analysis
    • 5.1. Global Airless Tires Market overview: By Product
      • 5.1.1. Global Airless Tires Market share, By Product , 2019 and 2026
    • 5.2. Radial
      • 5.2.1. Global Airless Tires Market By Radial, 2016–2026 (USD Million)
    • 5.3. Bias
      • 5.3.1. Global Airless Tires Market By Bias , 2016–2026 (USD Million)
  • Chapter 6. Global Airless Tires Market– Vehicle Analysis
    • 6.1. Global Airless Tires Market overview: By Vehicle
      • 6.1.1. Global Airless Tires Market share, By Vehicle , 2019 and 2026
    • 6.2. Military Vehicles
      • 6.2.1. Global Airless Tires Market By Military Vehicles, 2016–2026 (USD Million)
    • 6.3. Passenger & Commercial Vehicles
      • 6.3.1. Global Airless Tires Market By Passenger & Commercial Vehicles , 2016–2026 (USD Million)
    • 6.4. Terrain Vehicles
      • 6.4.1. Global Airless Tires Market By Terrain Vehicles , 2016–2026 (USD Million)
    • 6.5. Utility Vehicles
      • 6.5.1. Global Airless Tires Market By Utility Vehicles , 2016–2026 (USD Million)
    • 6.6. Two-Wheelers
      • 6.6.1. Global Airless Tires Market By Two-Wheelers , 2016–2026 (USD Million)
  • Chapter 7. Global Airless Tires Market– Material Analysis
    • 7.1. Global Airless Tires Market overview: By Material
      • 7.1.1. Global Airless Tires Market share, By Material , 2019 and 2026
    • 7.2. Rubber
      • 7.2.1. Global Airless Tires Market By Rubber, 2016–2026 (USD Million)
    • 7.3. Plastic
      • 7.3.1. Global Airless Tires Market By Plastic, 2016–2026 (USD Million)
  • Chapter 8. Global Airless Tires Market– Marketing Channel Analysis
    • 8.1. Global Airless Tires Market overview: By Marketing
      • 8.1.1. Global Airless Tires Market share, By Marketing, 2019 and 2026
    • 8.2. OEM
      • 8.2.1. Global Airless Tires Market By OEM, 2016–2026 (USD Million)
    • 8.3. Aftermarket
      • 8.3.1. Global Airless Tires Market By Aftermarket , 2016–2026 (USD Million)
  • Chapter 9. Company Profiles
    • 9.1. Continental AG
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Product Portfulio
      • 9.1.4. Business Strategy
      • 9.1.5. Recent Developments
    • 9.2. Michelin
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Product Portfulio
      • 9.2.4. Business Strategy
      • 9.2.5. Recent Developments
    • 9.3. Trelleborg AB
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Product Portfulio
      • 9.3.4. Business Strategy
      • 9.3.5. Recent Developments
    • 9.4. Bridgestone
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Product Portfulio
      • 9.4.4. Business Strategy
      • 9.4.5. Recent Developments
    • 9.5. GRI Tires
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Product Portfulio
      • 9.5.4. Business Strategy
      • 9.5.5. Recent Development

Methodology


Frequently Asked Questions

Escalating requirement for reducing rolling resistance along with restricting the downtime costs will prompt the expansion of airless tires market over the years ahead. Growing trend of replacing flat tires with airless ones has helped the airless tires industry gain traction in the recent years. Apart from this, the products have elongated lifespan as compared to traditional tires and this will create lucrative growth opportunities for airless tires industry over the forecast period. Apparently, airless tires possess new features including high durability, massive use in rugged activities, and are puncture proof. Furthermore, large-scale demand for flexible & robust tires along with enhanced shock absorbing features will encourage the tire manufacturers to opt for producing airless tires. This will further embellish the expansion of airless tires industry over the forecast timeline. In addition to this, high compatibility of special airless tires among heavy vehicles for safe driving will shape the growth of airless tires market over the assessment period.

According to Zion Market Research report, the global Airless Tires market, which accrued revenue worth 35.1 (USD Million) in 2019 and anticipated to garner earnings about 46.1 (USD Million) by 2026, is set to grow at a CAGR of nearly 6.4% during the period from 2020 to 2026.

North America is likely to make noteworthy contributions towards overall Airless Tires Market revenue during 2020-2026. The growth of the Airless Tires industry  in the region over 2020-2026 can be ascribed to massive demand for these products in defense activities as well as utility terrain vehicles in the countries such as the U.S. and Canada. Apart from this, massive product penetration in construction and farming sectors will boost the regional market size in the years to come. The product is used by U.S. military sector for quick movement in tough & uneven terrains.

The key players profiled in the report include Continental AG, Michelin, Trelleborg AB, Bridgestone, and GRI Tires.

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