PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1667182
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1667182
Airless Tire Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025 - 2034
The Global Airless Tire Market, valued at USD 40.2 million in 2024, is expected to grow at a CAGR of 7.6% from 2025 to 2034. Airless tires are gaining traction due to their ability to address issues faced by traditional pneumatic tires, such as punctures, leaks, and blowouts. Their durable, maintenance-free design makes them ideal for industries operating in demanding environments, including construction, agriculture, and defense. By minimizing downtime and lowering maintenance costs, airless tires offer a cost-effective and reliable solution for both fleet operators and individual consumers.
Technological advancements in materials and manufacturing processes, such as the integration of advanced polymers and the adoption of 3D printing, are driving the evolution of airless tires. These innovations have improved load-bearing capacity, shock absorption, and overall performance, enhancing their appeal for commercial and passenger vehicles. With better handling capabilities and increased durability, airless tires are becoming a viable alternative to traditional options, further boosting their market penetration.
| Market Scope | |
|---|---|
| Start Year | 2024 |
| Forecast Year | 2025-2034 |
| Start Value | $40.2 Million |
| Forecast Value | $157.7 Million |
| CAGR | 7.6% |
In terms of product segmentation, radial airless tires dominate the market and are projected to generate USD 62 million by 2034. Their superior design, characterized by ply cords aligned perpendicular to the tire's direction of travel, enhances road contact and traction, resulting in better handling and a smoother ride. Radial tires also offer benefits like reduced heat buildup, extended tread life, and improved fuel efficiency, making them a preferred choice across various vehicle categories, including passenger cars, buses, and trucks.
The market is segmented by sales channels into OEM and aftermarket, with the OEM segment accounting for a significant 81% share in 2024. OEM airless tires are tailored to meet the specific performance, safety, and durability standards of vehicle manufacturers, ensuring optimal compatibility with critical systems like suspension and braking. This collaboration between automakers and tire manufacturers drives innovation and ensures superior quality, contributing to the dominance of OEMs in the market.
U.S. airless tire market held an 84% share in 2024 and is anticipated to reach USD 21.5 million by 2034. The country's well-established automotive sector, high vehicle ownership rates, and robust infrastructure drive significant demand for airless tires across multiple applications. Additionally, a strong emphasis on technological innovation has led to the development of advanced tire solutions, aligning with the region's focus on efficiency, safety, and environmental sustainability. These factors position the U.S. as a key market for airless tires.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
- 1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimates
- 1.3 Forecast model
- 1.4 Primary research & validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
- 1.5 Market definitions
Chapter 2 Executive Summary
- 2.1 Industry synopsis, 2021 - 2034
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Technology providers
- 3.1.2 Component suppliers
- 3.1.3 Manufacturers
- 3.1.4 OEMs
- 3.2 Supplier landscape
- 3.3 Profit margin analysis
- 3.4 Technology & innovation landscape
- 3.5 Key news & initiatives
- 3.6 Regulatory landscape
- 3.7 Impact forces
- 3.7.1 Growth drivers
- 3.7.1.1 Rising demand for durable and maintenance-free tires
- 3.7.1.2 Advancements in tire manufacturing technology
- 3.7.1.3 Increasing adoption of electric and autonomous vehicles
- 3.7.1.4 Focus on sustainability and environmental concerns
- 3.7.2 Industry pitfalls & challenges
- 3.7.2.1 High implementation costs
- 3.7.2.2 Stringent regulations
- 3.7.1 Growth drivers
- 3.8 Growth potential analysis
- 3.9 Porter’s analysis
- 3.10 PESTEL analysis
Chapter 4 Competitive Landscape, 2024
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Product, 2021 - 2034 ($Mn, Units)
- 5.1 Key trends
- 5.2 Radial
- 5.3 Bias
Chapter 6 Market Estimates & Forecast, By Material, 2021 - 2034 ($Mn, Units)
- 6.1 Key trends
- 6.2 Rubber
- 6.3 Plastic
Chapter 7 Market Estimates & Forecast, By Vehicle, 2021 - 2034 ($Mn, Units)
- 7.1 Key trends
- 7.2 Military vehicle
- 7.3 Passenger & commercial vehicle
- 7.4 Terrain vehicle
- 7.5 Utility vehicle
- 7.6 Two-wheelers
- 7.7 Robotics
Chapter 8 Market Estimates & Forecast, By Sales Channel, 2021 - 2034 ($Mn, Units)
- 8.1 Key trends
- 8.2 OEM
- 8.3 Aftermarket
Chapter 9 Market Estimates & Forecast, By Region, 2021 - 2034 ($Mn, Units)
- 9.1 Key trends
- 9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Spain
- 9.3.5 Italy
- 9.3.6 Russia
- 9.3.7 Poland
- 9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 ANZ
- 9.4.6 Southeast Asia
- 9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.6 MEA
- 9.6.1 UAE
- 9.6.2 South Africa
- 9.6.3 Saudi Arabia
Chapter 10 Company Profiles
- 10.1 Amerityre
- 10.2 Bridgestone Corporation
- 10.3 Cheng Shin Rubber Industry Co. Ltd.
- 10.4 Continental AG
- 10.5 Hankook Tire & Technology Co. Ltd.
- 10.6 Linglong Group Co. Ltd.
- 10.7 Michelin Group
- 10.8 Resilient Technologies
- 10.9 Sumitomo Rubber Industries
- 10.10 Tannus America LLC
- 10.11 The Goodyear Tire & Rubber Company
- 10.12 The Yokohama Rubber Co. Ltd.
- 10.13 Toyo Tires
