Airless Tire Market

SKU: DMAUTR392 | Last Updated On: Nov 11 2022 | Available Formats

>Airless Tire Market Expected to reach a high CAGR of 5.77% By 2029: DataM Intelligence

Global Airless Tire Market By Product Type (Radial and Bias), By Vehicle Type (LCV, HCV, Military Vehicles, Terrain Vehicles, and others), By Material(Rubber, Plastic)- and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

[150 Pages Report] The Global Airless Tire Market is expected to grow at a CAGR of 5.77% during the forecasting period (2022-2029).

Airless Tire Market - Strategic Insights

Metrics

Details

Market CAGR

5.77%

Segments Covered

By Product Type, By Vehicle Type, By Material, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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  • Airless tires or Non-pneumatic tires are tires that are not supported by air pressure. They are widely used on some small vehicles such as riding lawnmowers and motorized golf carts.
  • They are also used on heavy equipment such as backhoes, which are required to operate on sites such as building demolition, where the risk of tire punctures is quite high, as airless tires never go flat.

Market Dynamics

  • The main advantage of airless tires is that they will not go flat. Therefore, airless tires are attractive to cyclists, as bicycle tires are much more vulnerable to punctures than motor vehicle tires.
  • Moreover, airless tires will need to be replaced less often thus being cost-effective. However, airless tires generally have higher rolling resistance and provide less suspension than similarly shaped and sized pneumatic tires.
  • Airless tires are therefore much bumpier and are less comfortable for riding. Moreover, the current airless tires in production are not good at dissipating heat. Therefore, if they are used for highway vehicles, they would fail very quickly. These tires are also much noisier when compared to pneumatic tires.

Market Segmentation

  • The global airless tires market is segmented by product type, vehicle type, and material.
  • By the product type, the market is segmented into radial and bias. Radial tire type is the dominant segment due as it is more advantageous over bias tape.
  • Radial tires provide greater productivity as the casing allows the machine to transfer more power to the ground. Radial tires are more flexible than bias tires and therefore absorb shocks, impact, and bumps, which results in a better and more comfortable ride. Due to the tire’s less ground compaction, the radial tire does not get damaged quickly.
  • By the material, the market is segmented into rubber and plastic. Plastic is highly recyclable and therefore is preferred by most of the manufacturers in their production.
  • By vehicle type, the market is segmented into LCV, HCV, military vehicles, terrain vehicles, and others.

Geographical Share

The global airless tires market is segmented into the region – North America, South America, Europe, Asia-Pacific, and the Rest of the World. The Asia Pacific is the dominant geographic segment of the airless tires market, due to the substantial production of military and commercial vehicles, especially in China and India.

Airless Tires Manufacturers

The global market for airless tires is comparatively competitive. The key players in the market are highly focused on launching airless tires for all types of vehicles. For instance, Michelin, May 2016 launched a new airless tire for UTV markets. The product is expected to provide unmatched traction and uninterrupted vehicle mobility for long journeys or in remote areas where a flat tire can be problematic.

Few of the key market players

  • Bridgestone Corporation
  • Michelin
  • Goodyear Tire & Rubber Company
  • Hankook
  • Toyo Tire & Rubber Company
  • Sumitomo Rubber Industries
  • Tannus
  • Continental AG
  • Pirelli Tyre S.p.A.
  • Yokohama Tire Corporation

FAQ

What is the Airless Tire Market growth?

The market is growing at a CAGR of 5.77%.

What is the Airless Tire Market size in 2021?

The Market size was valued at USD YY million in 2021.

Who are the key players in the Airless Tire Market?

Bridgestone Corporation, Michelin, Goodyear Tire & Rubber Company, Hankook, Toyo Tire & Rubber Company, Sumitomo Rubber Industries, Tannus, Continental AG, Pirelli Tyre S.p.A., Yokohama Tire Corporation.

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