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Global Airless Tires Market Size (2024 - 2029)

The airless tires market is experiencing growth driven by the increasing use of heavy commercial vehicles and the demand for enhanced safety features that prevent accidents like flat tires and blowouts. Despite challenges such as high manufacturing costs and performance limitations related to suspension and friction, the market is poised for expansion due to opportunities in the aftermarket and advancements in tire technology. Off-road vehicles represent a significant portion of the market, with solid tires already prevalent in construction and industrial sectors. Research into passenger applications is also underway, indicating potential for further market growth.

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Market Size of Global Airless Tires Industry

Airless Tires Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.50 %
Market Concentration Medium

Major Players

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*Disclaimer: Major Players sorted in no particular order

Airless Tires Market Analysis

The global airless tires market is valued at USD 1.1 Billion and is expected to reach USD 1.7 Billion by 2027registering a CAGR of around 4.5%, over the forecast period.

Airless tires are otherwise known as solid or non-pneumatic tires that are not supported by air pressure. They are generally produced conventionally with plastic or rubber, but these days 3D printing manufacturing process is also being employed. These tires prevent accidents from flat-tires, blowouts, etc., and ensure passenger safety. Moreover, the increase in the number of heavy commercial vehicles, such as heavy-duty trucks, and heavy construction equipment due to urbanization and globalization, is also expected to drive the market.

However, high capital investment for setting up new manufacturing facilities as well as volatile raw material prices might restrain the market growth. Limited performance of solid tires with respect to suspension and friction, coupled with heat dissipation issues, might also limit the market growth. Demand for airless/solid tires in the aftermarket from passenger vehicles as well as technological advancements involving advanced materials are expected to present considerable opportunities for market expansion.

Off-road vehicles are expected to be the largest market for airless tires. Also, solid tires for construction and industrial applications have been in use for quite some time, which reflects their high market share. Major companies, such as Michelin, are researching airless tires for passenger applications as well, which might become mainstream toward the end of the forecast period. growing segment.

Airless Tires Industry Segmentation

Airless tires are otherwise known as solid or non-pneumatic tires that are not supported by air pressure. They are generally produced conventionally with plastic or rubber, but these days 3D printing manufacturing process is also being employed. These tires prevent accidents from flat tires, blowouts, etc., and ensure passenger safety.

The Global airless tires market is segmented by vehicle type, material, and geography.

By vehicle type, the market has been segmented into Passenger Vehicles, Commercial Vehicles, and Off-Road Vehicles.

By material type, the market has been segmented into Rubber and Plastic.

By geography, the market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World.

Vehicle Type
Passenger Vehicles
Commercial Vehicles
Off-Road Vehicles
Material
Rubber
Plastic
Geography
North America
United States
Canada
Rest of North America
Europe
Germany
UK
France
Spain
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
Rest of the World
South America
Middle East & Africa
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Global Airless Tires Market Size Summary

The airless tires market is poised for significant growth, driven by the increasing demand for safety and efficiency in vehicle operations. Airless tires, also known as solid or non-pneumatic tires, eliminate the risks associated with flat tires and blowouts, enhancing passenger safety. The market is experiencing a shift towards innovative manufacturing processes, such as 3D printing, which are being adopted alongside traditional methods using plastic and rubber. The rise in heavy commercial vehicles, spurred by urbanization and globalization, is a key factor propelling market expansion. However, challenges such as high capital investment for new manufacturing facilities, volatile raw material prices, and performance limitations in terms of suspension and friction may hinder growth. Despite these challenges, the aftermarket demand for airless tires in passenger vehicles and advancements in materials technology present substantial opportunities for market development.

Off-road vehicles are anticipated to dominate the airless tires market, with solid tires already being widely used in construction and industrial applications. These tires are designed to withstand harsh environments, offering low operational costs and extended durability compared to pneumatic tires. Major industry players like Michelin, Bridgestone, and Continental AG are actively researching and developing airless tire solutions, particularly for passenger vehicles, which could become mainstream by the end of the forecast period. The market is characterized by a mix of consolidation and fragmentation, with large companies leading the charge while smaller players find opportunities in the aftermarket segment. Innovations such as Sumitomo Rubber's Smart Tyre Concept, which focuses on safety and environmental performance, highlight the ongoing advancements in airless tire technology. As the building and infrastructure sectors continue to grow globally, the demand for solid tires is expected to rise, further driving market growth.

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Global Airless Tires Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Industry Attractiveness - Porter's Five Force Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Vehicle Type

      1. 2.1.1 Passenger Vehicles

      2. 2.1.2 Commercial Vehicles

      3. 2.1.3 Off-Road Vehicles

    2. 2.2 Material

      1. 2.2.1 Rubber

      2. 2.2.2 Plastic

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

        3. 2.3.1.3 Rest of North America

      2. 2.3.2 Europe

        1. 2.3.2.1 Germany

        2. 2.3.2.2 UK

        3. 2.3.2.3 France

        4. 2.3.2.4 Spain

        5. 2.3.2.5 Rest of Europe

      3. 2.3.3 Asia Pacific

        1. 2.3.3.1 China

        2. 2.3.3.2 Japan

        3. 2.3.3.3 India

        4. 2.3.3.4 South Korea

        5. 2.3.3.5 Rest of Asia-Pacific

      4. 2.3.4 Rest of the World

        1. 2.3.4.1 South America

        2. 2.3.4.2 Middle East & Africa

Global Airless Tires Market Size FAQs

The Global Airless Tires Market is projected to register a CAGR of 4.5% during the forecast period (2024-2029)

Michelin, The Goodyear Tire & Rubber Company, Continental AG, Bridgestone Corporation and Trelleborg AB are the major companies operating in the Global Airless Tires Market.

Airless Tires Market Report Snapshots

Airless Tires Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)