PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1477318
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1477318
Airless Tires Market, By Rim Size, By Vehicle Type, By Sales Channel, By Geography
Global airless tires market is estimated to be valued at US$ 58.80 Bn in 2024 and is expected to reach US$ 95.89 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | US$ 58.80 Bn |
| Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
| Forecast Period 2024 to 2031 CAGR: | 7.20% | 2031 Value Projection: | US$ 95.89 Bn |
Airless tires are tires that are not encased in an inflatable rubber casing as with pneumatic tires. Airless tires eliminate the risk of flat tires and blowouts as these do not rely on air pressure. These are made of a continuous ring of elastic rubber compounds that wrap around the wheel. This offers advantages such as requiring no air pressurization and maintenance as well as providing puncture protection. Airless tires are still in their introductory phase and have potential to revolutionize the tire industry by offering increased safety and reliability.
Market Dynamics:
Global airless tires market growth is driven by benefits such as zero pressure maintenance, puncture proof structure and improved traction and durability. Airless tires eliminate inconveniences associated with air-filled tires such as need for regular refilling of air pressure and vulnerability to punctures. This reduces downtime for vehicles. Their sturdy structure allows them to carry heavier loads and provides stable contact with roads. Yet, the high price of airless tires compared to traditional pneumatic ones, along with the need for custom wheel designs, restricts their popularity. Development of low-cost production techniques and integration of advanced materials to make airless tires lightweight presents opportunities for market growth. Partnerships between tire manufacturers and vehicle OEMs also offer scope for wider acceptance of this new technology.
Key features of the study:
This report provides in-depth analysis of the global airless tires market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global airless tires market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Amerityre Corporation, Bridgestone Corporation, Continental AG, Hankook Tire & Technology Co., Ltd., Michelin, Sumitomo Rubber Industries, Ltd., The Goodyear Tire & Rubber Company, The Yokohama Rubber Co., Ltd., Toyo Tire Corporation, Trelleborg AB, Pirelli, Cooper Tire, and Tannus Ltd.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global airless tires market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global airless tires market
Market Segmentation
- By Rim Size
- Less than 15 Inches
- 15 to 20 Inches
- More than 20 Inches
- By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- Off-Road Vehicles
- By Sales Channel
- OEM
- Aftermarket
- By Regional
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
- Key Players Insights
- Amerityre Corporation
- Bridgestone Corporation
- Continental AG
- Hankook Tire & Technology Co., Ltd.
- Michelin
- Sumitomo Rubber Industries, Ltd.
- The Goodyear Tire & Rubber Company
- The Yokohama Rubber Co., Ltd.
- Toyo Tire Corporation
- Trelleborg AB
- Bridgestone Corporation
- Hankook Tire
- The Goodyear Tire and Rubber Compan
- Pirelli Cooper Tire
- Tannus Ltd.
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Rim Size
- Market Snippet, By Vehicle Type
- Market Snippet, By Sales Channel
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New system Launch/Approvals
- Impact of the COVID-19 Pandemic
4. Global Airless Tires Market, By Rim Size, 2019-2031, (US$ Billion)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
- Less than 15 Inches
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
- 15 to 20 Inches
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
- More than 20 Inches
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
5. Global Airless Tires Market, By Vehicle Type, 2019-2031, (US$ Billion)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
- Passenger Vehicles
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
- Commercial Vehicles
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
- Off-Road Vehicles
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
6. Global Airless Tires Market, By Sales Channel, 2019-2031, (US$ Billion)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
- OEM
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
- Aftermarket
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
7. Global Airless Tires Market, By Region, 2019-2031, (US$ Billion)
- Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- North America
- Regional Trends
- Market Size and Forecast, By Rim Size, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Vehicle Type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
- U.S.
- Canada
- Europe
- Regional Trends
- Market Size and Forecast, By Rim Size, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Vehicle Type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
- U.K.
- Germany
- Italy
- France
- Russia
- Rest of Europe
- Asia Pacific
- Regional Trends
- Market Size and Forecast, By Rim Size, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Vehicle Type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
- China
- India
- ASEAN
- Australia
- South Korea
- Japan
- Rest of Asia Pacific
- Latin America
- Regional Trends
- Market Size and Forecast, By Rim Size, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Vehicle Type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Rim Size, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Vehicle Type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
- GCC Countries
- South Africa
- Rest of the Middle East & Africa
8. Competitive Landscape
- Company Profiles
- Amerityre Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Bridgestone Corporation
- Continental AG
- Hankook Tire & Technology Co., Ltd.
- Michelin
- Sumitomo Rubber Industries, Ltd.
- The Goodyear Tire & Rubber Company
- The Yokohama Rubber Co., Ltd.
- Toyo Tire Corporation
- Trelleborg AB
- Hankook Tire
- The Goodyear Tire and Rubber Compan
- Pirelli
- Cooper Tire
- Tannus Ltd.
9. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
10. Research Methodology
- References
- Research Methodology
- About us and Sales Contact
