Home > Automotive & Transportation > Airless Tires Market

Airless Tires Market Size By Product (Radial, Bias), By Vehicle (Military Vehicles, Passenger & Commercial Vehicles, Terrain Vehicles, Utility Vehicles, Two-wheelers), By Material (Rubber, Plastic), By Sales Channel (OEM, Aftermarket), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2022 – 2030

  • Report ID: GMI1390
  • Published Date: Aug 2022
  • Report Format: PDF

Industry trends

Global Airless Tires Market size exceeded USD 32,311 thousand in 2021 and is projected to witness over 10.6% CAGR from 2022 to 2030. Airless tires are gaining preference in the automobile sector due to superior product efficiency as compared to conventional tires. These products are already being used in a variety of commercial equipment like golf carts, trailers, and lawnmowers.
 

Airless Tires Market Overview

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Unlike traditional tires, airless tires are more dependable, safer, and have a longer lifespan. As they do not have an internal rubber tube, the tires cannot get flat, which is one of the major factors driving the product demand. Further, there are continuous technological developments being achieved in the industry, expanding the product application scope.
 

Factors such as complexity in production and the high manufacturing cost are two of the key restraints for the global airless tires market. Moreover, the increasing need for advanced automotive components and development of suitable products for specific vehicles could strengthen the industry forecast.
 

High-durability and performance to expand radial airless tire demand

The radial airless tires market by volume had surpassed 43,216 units in 2021 and is estimated to attain a 10.6% growth rate till 2030. Airless radial tires are built to help reduce the wear and tear caused by extreme torque in utility vehicles. The unique spoke design of radial airless tires helps dampen the ride for improved rider comfort when a utility vehicle drives over gravel, uneven pavement, and bumps. They also help provide exceptional lateral stiffness for enhanced side-hill stability, traction, and long wear life. Airless tire manufacturers across nations like the U.S., Canada, and Europe are ramping up their efforts to develop new products for the commercial, military sector and utility vehicles.
 

Commercial vehicle applications to boost the market expansion

Airless Tires Market Size

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The automotive airless tires market from the commercial vehicle segment is poised to observe robust growth over 2022-2030, in view of high demand for puncture proof tires. For instance, , in 2022, Goodyear Tire & Rubber Company confirmed the development and testing of an airless tire for Starship autonomous delivery robots. These developments represent the increasing potential for the market from commercial applications.
 

Military vehicle application of airless tires crossed 11,825 thousand in 2021. The product will experience strong demand from the defense sector as these vehicles operate in rough off-road terrain and need tires that require less maintenance and replacement.
     

Growing demand for ATV across North American

Airless Tires Market Share

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North America airless tires market is anticipated to record around 9.5% CAGR between 2022 and 2030. The demand for offload vehicles like ATV is increasing in the US and Canada, which has fueled the application of airless or non-pneumatic tires. Tire manufacturers are working towards creating tire designs that are more effective, dependable, and accessible for customers.
 

Owing to the widespread use of all-terrain vehicles in the military sector, industry participants in the region are also concentrating on developing products specific to defense use. In 2021, the U.S. Army Yuma Proving Ground and its constituent test centers conducted tests involving the Polaris MRZR equipped with airless radial tires designed to work like an ordinary pneumatic tire.
 

Mergers and acquisitions to expand industry outlook

Major players operating in the airless tires market are Bridgestone Corporation, Resilient technologies LLC, The Michelin Group, Hankook Tires, Goodyear Tire & Rubber Corporation, Sumitomo Rubber Industries, and Toyo Tires. Companies are developing new products, as well as forming mergers and joint ventures to increase their market share.
 

Impact of COVID-19 on automotive airless tires market

During the COVID-19 crisis, the demand and manufacturing of vehicles such as ATVs and commercial vehicles was affected. The lockdown restrictions led to reduced utilization of the vehicles, impacting the supply chain and the need for new or replacement parts. These factors have hindered the market statistics to some extent. However, as the coronavirus cases began to lower and more people opted for outdoor recreational activities, the use of offroad and all-terrain vehicles is growing. It will reinforce the development and application of airless radial and bias tires.
 

The airless tires market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in units and revenue in USD thousand from 2018 to 2030, for the following segments:

Market, By Product

  • Radial
  • Bias

Market, By Vehicle

  • Military vehicles
  • Commercial vehicles
  • Terrain vehicles
  • Utility vehicles
  • Two-wheelers

Market, By Material

  • Rubber
  • Plastic

Market, By Sales Channel

  • OEM
  • Aftermarket

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Russia
    • Poland
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa

 

Authors: Kiran Pulidindi, Sayan Mukherjee

Frequently Asked Questions (FAQ) :

The market size of airless tires valued at USD 32,311 thousand during 2021 and is projected to expand at over 10.6% CAGR between 2022-2030 with growing application in commercial and military vehicles.

The radial segment witnessed sales of over 43,200 units in 2021 and volume will expand owing to product benefits such as reduced wear & tear and comfortable ride for utility vehicle users.

The North America market is anticipated to register around 9.5% CAGR through 2030 with robust demand for all-terrain vehicles and increasing demand in the military sector.

The key players in industry include Goodyear Tire & Rubber Corporation, Bridgestone Corporation, The Michelin Group, Resilient technologies LLC, Hankook Tires, Sumitomo Rubber Industries, and Toyo Tires.

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 10
  • Tables & Figures: 293
  • Countries covered: 19
  • Pages: 200

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