Airless Tire Market Surges with a Robust 7% CAGR in 2022-27 Forecast

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Airless Tire Market

Market Overview: Global Airless Tire Market

MarkNtel Advisors, a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on the Global Airless Tire Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.

Airless Tire Market Insights 2022-27

The Global Airless Tires Market is projected to grow at a CAGR of around 7% during the forecast period, i.e., 2022-27.

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Top Players in the Airless Tire Market:

  • Compagnie Générale des Établissements Michelin SCA)
  • Bridgestone Corporation
  • Goodyear Tire & Rubber Corporation
  • Continental AG
  • Amerityre Corporation
  • Hankook Tire & Technology Co., Ltd.
  • Sumitomo Rubber Industries, Ltd.
  • Toyo Tire Corporation
  • The Yokohama Rubber Co., Ltd.

Segmentation Analysis of Airless Tire Market

Airless Tire Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2022-27, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

-By Demand Type:

  • OEM
  • Replacement

Of both, OEMs (Original Equipment Manufacturers) captured a significant share of the Global Airless Tires Market. Initially, the demand for airless tires has been more from OEMs since, in 2021, the commercialization of these tires was at its nascent stage. Tire manufacturers are constantly working on technological advancements to manufacture tires based on evolving vehicle aerodynamics. The end-user applications of these tires are limited majorly to commercial, off-road, & military vehicles.

In addition, the low maintenance & high life span of these tires significantly increase the tire replacement period for end users. Eventually, vehicle manufacturers would remain the primary buyers of these tires. However, the market share of OEMs would undergo a gradual dilution in the forthcoming years with the introduction of airless tires for passenger cars & light commercial vehicles.

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-By Vehicle Type

  • Two-Wheelers
  • Passenger Cars
  • Commercial Vehicles
  • Off Road Vehicles
  • Military Vehicles

-By Material

  • Rubber
  • Plastic

-By Tire Type

  • Radial
  • Bias

-By Rim Size

  • Up to 12”
  • 1” to 15”
  • 1” to 18”
  • 1” to 22”
  • Above 22”

A Comprehensive Geographical Analysis:

-By Region

  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia Pacific

North America has witnessed significant market expansion in the past few years, mainly due to the launch of airless tire models for OTR vehicles by market players, such as Michelin, Bridgestone Corporation, & Goodyear. Besides, ongoing collaborations among automotive OEMs & tire manufacturers for testing airless tires in Electric Vehicles (EVs) and military vehicles, coupled with increasing government inclination toward surging the adoption of EVs among customers, shall also bolster the regional market growth. The ever-increasing vehicle production, owing to burgeoning consumer requirements, along with the use of recyclable materials in tires, to reduce carbon emissions are also driving the regional market.

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