Airless Tire Market, By Product Type (Radial and Bias), By Material (Rubber and Plastics), By Vehicle Type (Two Wheelers, Passenger cars, Light Commercial Vehicles, and Heavy Commercial Vehicles), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2027

Airless Tire Market accounted for US$ 0.17 billion in 2018 and is estimated to be 0.27 billion by 2027 and is anticipated to register a CAGR of 5.1%.

Non-pneumatic tires or Airless Tires are tires which do not support air pressure. Heavy commercial vehicles uses airless tires which are applicable in construction industry were risk of punchers is high and in small vehicles such as motorized golf carts and riding lawn mowers.

High benefits of Non-pneumatic tires

Currently, airless tire are produced by recyclable rubber or plastic, making them eco-friendly in nature. Moreover, provision of benefits such as puncture proof, durability, and rugged applications will further drive the product penetration. Growing demand from commercial vehicles will further boost the product penetration.

Rising acceptance from heavy commercial

Increasing acceptance from heavy commercial and off-road vehicles along with high deployment in military segment, mainly in urbanized countries of North America will primarily drive the airless tires market. Further, booming demand of utility vehicles such as golf carts, lawn mowers, etc, will further propel the revenue generation. Manufacturers involved in the airless tire across the globe including Michelin, Bridgestone, and Hankook are investing heavily on R&D for the development of these tires, inducing lucrative growth potential to the market.

However, low awareness about their benefits and excessive manufacturing cost may limit the airless tires market growth over the forecast. Limited performance in case of suspension, friction, and high speed will further hamper the market growth negatively.

Airless tire market is segmented based on product type, material, vehicle type, and region.

On the basis of product type, the airless tire market is segmented into radial and bias. Based on material, the global market is classified into rubber and plastics. Based on vehicle type, the global market is classified into two wheelers, passenger cars, light commercial vehicles, and heavy commercial vehicles

Regional Insights:

On region the airless tire market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific market is projected to register major revenue share in the airless tire market. Growing production of commercial and military vehicles in the region is anticipated to boost the revenue growth of Asia Pacific airless tire market in the coming years. Additionally, presence of key manufacturers in the region is projected to boost revenue growth of the global market in Asia Pacific. The Europe airless tire is anticipated to grow at a steady rate throughout the forecast period. Rising demand for commercial vehicles for various end-uses in the region is projected to fuel the revenue growth of the global market during the forecast period.

Airless Tire Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2026. For the purpose of this study, has segmented the airless tire market report based on product type, material, vehicle type, and region.

Airless Tire Market, By Product:

• Radial
• Bias

Airless Tire Market, By Material:

• Rubber
• Plastics

Airless Tire Market, By Vehicle type:

• Two Wheelers
• Passenger cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles

Airless Tire Market, By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating the airless tire market includes Bridgestone Corporation, Michelin Group, Toyo Tire & Rubber Co., Ltd., Continental AG, Sumitomo Rubber Industries, Hankook Tire Co. Ltd., and The Goodyear Tyre & Rubber Company. The key players involved in airless tire market are mainly focusing on product innovation, Joint ventures and partnerships in order drive respective annual revenues and boost airless tire market. For instance, in February 2011, Bridgestone launched an airless tire with recyclable plastic. Similarly, in April 2017, the company designed tire for two-wheelers with plastic spokes.

• Bridgestone Corporation
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

• Michelin Group
• Toyo Tire & Rubber Co., Ltd.
• Continental AG
• Sumitomo Rubber Industries
• Hankook Tire Co. Ltd.
• The Goodyear Tyre & Rubber Company

 “*” marked represents similar segmentation in other categories in the respective section.