Airless Tires Market Reaches US$ 61.4 Million by 2030, Driven by Sustainability and Puncture Proof Promise, RationalStat Market Research Report Reveals

The global airless tires market is expected to reach US$ 61.4 million by 2030, with an annual growth rate of more than 5.5%.

According to RationalStat's recent industry analysis, the Global Airless Tires Market is valued at US$ 42.2 million in 2023 and is expected to rise at a strong CAGR of over 5.5% over the forecast period of 2023-2030.

Market Definition, Market Scope, and Report Overview

Airless tires are a type of tire that does not rely on air pressure to sustain the vehicle's load. They are also known as non-pneumatic tires or flat-free tires. Airless tires, as opposed to standard pneumatic tires that are filled with air, use a variety of materials and designs to provide support and cushioning without the need for inflation.

Increased awareness among consumers about the benefits of airless tires, including their resistance to punctures and flats, has contributed to a growing market demand.

According to a deep-dive market assessment by RationalStat, the global airless tires market has been analyzed on the basis of market segments, including type, material, sales channel, vehicle type and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.

• Market intelligence for the global airless tires market covers market sizes on the basis of market value (US$/EUR Million), volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.

• In addition, the long-term sector and products/services 10-year outlook and its implications on the global airless tires market. It also includes the industry's current state - Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

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Global Airless Tires Market: Segmental and Market Share Analysis

• On the basis of vehicle type, Off-road vehicles are expected to dominate the global airless tires market in forthcoming years. Off-road vehicles especially industrial and commercial vehicles such as backhoes, forklifts, skid steer loaders, and telehandlers use solid tires.

Report Synopsis
Report Metrics Details
Base Year 2023
Forecast Period 2023-2030
Base Year Market Size US$ 42.2 million
Market Size Forecast US$ 61.4 million
Growth Rate 5.5%
Dominant Segment Off-road vehicles
Dominant Region North America

Key Market Drivers
• Growing consumer interest and awareness
• Growth in electric vehicles

Companies Profiled
• Michelin group
• Bridgestone Corporation
• Continental AG
• The Goodyear Tire & Rubber Company
• Sumitomo Rubber Industries Ltd.
• Pirelli Tyre C.S.p.A
• Yokohama Rubber Co., Ltd.
• Hankook Tire Co., Ltd.
• Toyo Tire U.S.A Corp.
• The Kumho Tire Company

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Competition Analysis and Market Structure

Some leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & and acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global airless tires market include.

• In Feb 2022, Goodyear announced its acquisition of Cooper Tire and Rubber Company. The company mentioned that they are going to offer more options across the value spectrum making it easier for consumers to choose Goodyear and Cooper branded tires.

Some of the prominent players and suppliers operating and contributing significantly to the global airless tires market growth include Michelin group, Bridgestone Corporation, Continental AG, The Goodyear Tire & Rubber Company, Sumitomo Rubber Industries Ltd., Pirelli Tyre C.S.p.A, Yokohama Rubber Co., Ltd., Hankook Tire Co., Ltd., Toyo Tire U.S.A Corp., and The Kumho Tire Company, among others.

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RationalStat has segmented the global airless tires market based on type, material, sales channel, vehicle type and region
• Global Airless Tires Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Type
o Radial Tire
o Bias Tire
• Global Airless Tires Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Material
o Plastic
o Rubber
• Global Airless Tires Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Sales Channel
o OEM
o Aftermarket
• Global Airless Tires Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Vehicle Type
o Passenger Cars
o Commercial Vehicles
 Light Commercial Vehicle
 Heavy Commercial Vehicle
o Off-road vehicles
o Others (Two-Wheelers)
• Global Airless Tires Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Region
o North America Airless Tires Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Country
 US
 Canada
o Latin America Airless Tires Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Country
 Brazil
 Mexico
 Rest of Latin America
o Western Europe Airless Tires Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Country
 Germany
 UK
 France
 Spain
 Italy
 Benelux
 Nordic
 Rest of Western Europe
o Eastern Europe Airless Tires Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Country
 Russia
 Poland
 Hungary
 Other CIS Countries
 Rest of Eastern Europe
o Asia Pacific Airless Tires Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Country
 China
 Japan
 India
 South Korea
 Australia
 ASEAN
• Indonesia
• Thailand
• Philippines
• Vietnam
• Malaysia
• Rest of ASEAN
 Rest of Asia Pacific
o Middle East & Africa Airless Tires Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Country
 GCC
• Saudi Arabia (KSA)
• United Arab Emirates (UAE)
• Rest of the GCC
 South Africa
 Nigeria
 Turkey
 Rest of the Middle East & Africa

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Key Questions Answered in the Airless Tires Report:
• What will be the market value of the global Airless Tires market by 2030?
• What is the market size of the global Airless Tires market?
• What are the market drivers of the global Airless Tires market?
• What are the key trends in the global Airless Tires market?
• Which is the leading region in the global Airless Tires market?
• What are the major companies operating in the global Airless Tires market?
• What are the market shares by key segments in the global Airless Tires market?

Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts' viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
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