Airless Tire Market Growth, Size, Trends, Demand, Share, Revenue, Competition and Future Outlook
Airless Tire Market Size- By Type, By Material, By Vehicle Type, By Rim Size, By Sales Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: May-2024 | Report ID: AMIN24121 | Pages: 1 - 152 | Formats*: |
| Category : Automotive & Transportation | |||
Airless Tire Market Introduction and Overview
According to SPER Market Research, the Global Airless Tire Market is estimated to reach USD 2.25 billion by 2033 with a CAGR of 4.76%.
The report includes an in-depth analysis of the Global Airless Tire Market, including market size and trends, product mix, applications, and supplier analysis. Tyres that don't depend on air pressure for support and functionality are referred to as airless tyres, or non-pneumatic tyres (NPT). Airless tyres are made with a solid or cellular structure that does not require inflation, in contrast to regular tyres, which are filled with pressurised air to offer cushioning and load-bearing qualities. While airless tyres come in a variety of forms, their major goal is to provide performance that is on par with or better than pneumatic tyres while doing away with typical problems like blowouts, punctures, and the need for ongoing maintenance that come with air-filled tyres. A popular kind of airless tyre uses an elastomer or solid rubber composition to offer structural support and stability.
- January 2023; In collaboration with DHL, the Michelin UPTIS airless tyre underwent its first-ever on-road testing. Nearly 50 DHL Express vehicles will begin utilising the new tyres to make last-mile deliveries in Singapore by the end of 2023, per the deal. As part of the experimental plan, the first automobiles will be delivered for the first time on January 10. Without compressed air, the Michelin UPTIS prototype is a tyre and wheel combination that is impervious to punctures. The air has been replaced with a ground-breaking framework that can support the car.
- April 2023; Michelin's Uptis airless tyre has passed testing at speeds of up to 130 mph. European law enforcement agencies ordered the high-speed tests to be conducted. This year, thirty Toyota HiAce DHL delivery vans in Singapore were used to test the Uptis tyres.
Market Opportunities and Challenges
The growing demand for automobiles among consumers is facilitated by the growing worldwide population. The global demand for cars is rising, which is further fueled by the increase in disposable income. Innovations and advances in technology are enhancing the vehicles' lifespan, fuel economy, engine performance, and sustainability. Because of all the new developments, manufacturers are now able to lower costs and give consumers more options, all the while enhancing the accessibility and affordability of products in the automobile industry. Competition is rising as more companies enter the market in response to the growing demand for electric and hybrid vehicles. In order to give customer the greatest products, increased research and development spending is made possible by increased competition.
The cost of airless tyres is higher than that of regular tyres. Moreover, customers' comfort and familiarity with traditional tyres have a detrimental effect on the expansion and development of the worldwide airless tyre industry. When manufacturing processes are scaled up, complex needs arise along with associated costs. Simplifying the mass manufacture of airless tyres requires overcoming technological challenges and optimising manufacturing processes. These challenges could restrict the supply of airless tyres and possibly lower their overall cost-competitiveness, making it more difficult for them to enter mainstream markets.
Market Competitive Landscape
Intense competition among major competitors aiming for a sizable market share characterises the competitive landscape in the airless tyre market. There is a dynamic and competitive atmosphere in the industry due to the presence of both established corporations and developing players. To improve tyre performance, durability, and overall efficiency, major companies in the market are concentrating on research and development operations. In addition, they are placing a strong emphasis on strategic alliances, partnerships, and acquisitions to broaden their product lines and reach internationally. The leading companies are Michelin, Hankook Tyre & Technology Co., Ltd., Ameritire Corporation, Bridgestone Corporation, Continental AG, The Goodyear Tyre & Rubber Company, Toyo Tyre Corporation, The Yokohama Rubber Co., Ltd., Michelin, and Sumitomo Rubber Industries, Ltd.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Material, By Vehicle Type, By Rim Size, By Sales Channel |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | Ameritire Corporation, Bridgestone Corporation, Continental AG, Hankook Tire & Technology Co., Ltd., Michelin, Sumitomo Rubber Industries, Ltd., The Goodyear Tire & Rubber Company, Toyo Tire Corporation, The Yokohama Rubber Co., Ltd., Trelleborg. |
COVID-19 Impact on Global Airless Tire Market
Due to the stringent lockdowns and social distancing measures implemented to stop the virus's transmission, COVID-19 had a detrimental effect on the market for airless tyres. The demand for automobile parts and components was hurt by the unstable economy, a partial corporate shutdown, and poor consumer confidence. During the epidemic, the supply chain experienced difficulties, and logistics operations were delayed. However, when limitations loosen and the number of heavy commercial vehicles rises in the post-pandemic scenario, the demand for airless tyres is anticipated to pick up steam.
Key Target Audience:
- Vehicle Manufacturers (OEMs)
- Off-the-Road (OTR) Vehicle Manufacturers
- Military and Defence Agencies
Our in-depth analysis of the Airless Tire Market includes the following segments:
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Key Topics Covered in the Report:
- Global Airless Tire Market Size (FY’2024-FY’2033)
- Overview of Global Airless Tire Market
- Segmentation of Global Airless Tire Market By Type (Radial Tires, Bias Tires)
- Segmentation of Global Airless Tire Market By Material (Rubber, Plastic)
- Segmentation of Global Airless Tire Market By Vehicle Type (Military Vehicles, Passenger & Commercial Vehicles, All-terrain Vehicles, Utility Vehicles, Two-wheelers)
- Segmentation of Global Airless Tire Market By Rim Size (Less than 15 Inches, 15 to 20 Inches, More than 20 Inches)
- Segmentation of Global Airless Tire Market By Sales Channel (OE, Aftermarket)
- Statistical Snap of Global Airless Tire Market
- Expansion Analysis of Global Airless Tire Market
- Problems and Obstacles in Global Airless Tire Market
- Competitive Landscape in the Global Airless Tire Market
- Impact of COVID-19 and Demonetization on Global Airless Tire Market
- Details on Current Investment in Global Airless Tire Market
- Competitive Analysis of Global Airless Tire Market
- Prominent Players in the Global Airless Tire Market
- SWOT Analysis of Global Airless Tire Market
- Global Airless Tire Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Airless Tires Market.
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Airless Tires Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Airless Tires Market
7. Global Airless Tires Market, By Type (USD Million) 2020-2033
7.1. Global Airless Tires Market Size, Share and Forecast, By Type, 2020-20267.2. Global Airless Tires Market Size, Share and Forecast, By Type, 2027-20337.3. Radial Tires7.4. Bias Tires
8. Global Airless Tires Market, By Material (USD Million) 2020-2033
8.1. Global Airless Tires Market Size, Share and Forecast, By Material, 2020-20268.2. Global Airless Tires Market Size, Share and Forecast, By Material, 2027-20338.3. Rubber8.4. Plastic
9. Global Airless Tires Market, By Vehicle Type (USD Million) 2020-2033
9.1. Global Airless Tires Market Size, Share and Forecast, By Vehicle Type, 2020-20269.2. Global Airless Tires Market Size, Share and Forecast, By Vehicle Type, 2027-20339.3. Military Vehicles9.4. Passenger & Commercial Vehicles9.5. All-terrain Vehicles9.6. Utility Vehicles9.7. Two-wheelers
10. Global Airless Tires Market, By Rim Size (USD Million) 2020-2033
10.1. Global Airless Tires Market Size, Share and Forecast, By Rim Size, 2020-202610.2. Global Airless Tires Market Size, Share and Forecast, By Rim Size, 2027-203310.3. Less than 15 Inches10.4. 15 to 20 Inches10.5. More than 20 Inches
11. Global Airless Tires Market, By Sales Channel (USD Million) 2020-2033
11.1. Global Airless Tires Market Size, Share and Forecast, By Sales Channel, 2020-202611.2. Global Airless Tires Market Size, Share and Forecast, By Sales Channel, 2027-203311.3. OE11.4. Aftermarket
12. Airless Tires Market Forecast, 2020-2033 (USD Million)
12.1. Global Airless Tires Market Size and Market Share
13. Global Airless Tires Market, By Region, 2020-2033 (USD Million)
13.1. Global Airless Tires Market Size and Market Share By Region (2020-2026)13.2. Global Airless Tires Market Size and Market Share By Region (2027-2033)13.3. Asia-Pacific13.3.1. Australia13.3.2. China13.3.3. India13.3.4. Japan13.3.5. South Korea13.3.6. Rest of Asia-Pacific13.4. Europe13.4.1. France13.4.2. Germany13.4.3. Italy13.4.4. Spain13.4.5. United Kingdom13.4.6. Rest of Europe13.5. Middle East and Africa13.5.1. Kingdom of Saudi Arabia13.5.2. United Arab Emirates13.5.3. Qatar13.5.4. South Africa13.5.5. Egypt13.5.6. Morocco13.5.7. Nigeria13.5.8. Rest of Middle-East and Africa13.6. North America13.6.1. Canada13.6.2. Mexico13.6.3. United States13.7. Latin America13.7.1. Argentina13.7.2. Brazil13.7.3. Rest of Latin America
14. Company Profile
14.1. AMERITIRE CORPORATION14.1.1. Company details14.1.2. Financial outlook14.1.3. Product summary14.1.4. Recent developments14.2. BRIDGESTONE CORPORATION14.2.1. Company details14.2.2. Financial outlook14.2.3. Product summary14.2.4. Recent developments14.3. CONTINENTAL AG14.3.1. Company details14.3.2. Financial outlook14.3.3. Product summary14.3.4. Recent developments14.4. HANKOOK TIRE & TECHNOLOGY CO., LTD.14.4.1. Company details14.4.2. Financial outlook14.4.3. Product summary14.4.4. Recent developments14.5. MICHELIN14.5.1. Company details14.5.2. Financial outlook14.5.3. Product summary14.5.4. Recent developments14.6. SUMITOMO RUBBER INDUSTRIES, LTD.14.6.1. Company details14.6.2. Financial outlook14.6.3. Product summary14.6.4. Recent developments14.7. THE GOODYEAR TIRE & RUBBER COMPANY14.7.1. Company details14.7.2. Financial outlook14.7.3. Product summary14.7.4. Recent developments14.8. TOYO TIRE CORPORATION14.8.1. Company details14.8.2. Financial outlook14.8.3. Product summary14.8.4. Recent developments14.9. THE YOKOHAMA RUBBER CO., LTD.14.9.1. Company details14.9.2. Financial outlook14.9.3. Product summary14.9.4. Recent developments14.10. TRELLEBORG14.10.1. Company details14.10.2. Financial outlook14.10.3. Product summary14.10.4. Recent developments14.11. OTHERS
15. Conclusion
16. List of Abbreviations
17. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Airless Tire Market is projected to reach USD 2.25 billion by 2033, growing at a CAGR of 4.76% during the forecast period.
Airless Tire Market grew in market size from 2024. The Market is expected to reach USD 2.25 billion by 2033, at a CAGR of 4.76% during the forecast period.
Airless Tire Market CAGR of 4.76% during the forecast period.
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Airless Tire Market size is USD 2.25 billion from 2024 to 2033.
Airless Tire Market Segment is Covered By Type, By Material, By Vehicle Type, By Rim Size, By Sales Channel
The North America region is anticipated to have the highest market share in Airless Tire Market.
The key players in the market include Companies Covered Ameritire Corporation, Bridgestone Corporation, Continental AG, Hankook Tire & Technology Co., Ltd., Michelin, Sumitomo Rubber Industries, Ltd., The Goodyear Tire & Rubber Company, Toyo Tire Corporation, The Yokohama Rubber Co., Ltd., Trelleborg.
The growing demand for automobiles among consumers is facilitated by the growing worldwide population. The global demand for cars is rising, which is further fueled by the increase in disposable income.
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