Airless Tires Market to Reach USD 80.19 Mn by 2030, Growing at 7.6% CAGR from 2023

► Airless Tires Market Overview

The Airless Tires Market is on a fast track to transformation, driven by innovations in automotive engineering and increasing demand for sustainable mobility solutions. According to the latest study by Maximize Market Research, the global airless tires market was valued at USD 54.40 Million in 2023 and is projected to grow at a CAGR of7.6%, reaching USD 80.19 Million by 2030..

► Competitive Landscape

Competitive Landscape Highlights: Companies such as Michelin, Bridgestone, and The Goodyear Tire & Rubber Company are actively leading innovation through robust R&D investments and collaborations.

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► Airless Tires Market Regional Insights

Growth and Consolidation in the United States: A Hub for Technological Evolution :

The United States is leading in terms of R&D and commercialization of airless tire technology. Michelin's partnership with General Motors for the Uptis airless tire prototype is a landmark development, expected to enter the market in the near future. Moreover, Goodyear's focus on sustainable tire development aligns with the market's green transition.

Several U.S.-based startups and Tier 1 suppliers are investing heavily in 3D printing and smart tire systems, making the U.S. a fertile ground for mergers, acquisitions, and technological consolidation in this space.

Asia Pacific Growth: Manufacturing Powerhouse and Market Driver :

Asia Pacific is emerging as a dominant force due to the presence of major OEMs and cost-efficient manufacturing hubs. Countries like Japan, China, and South Korea are seeing rapid expansion in electric vehicle (EV) production, amplifying the need for advanced tire technologies.

Bridgestone, headquartered in Japan, is expanding its regional R&D centers focused on airless tire prototypes for EVs and hybrid vehicles. Moreover, India and China are witnessing a rise in defense and construction sectors, boosting market potential. Acquisitions and joint ventures in Asia Pacific are becoming frequent, creating strategic opportunities for global players.

European Trends and Updation : Sustainability Driving Adoption :

Europe's strong push toward sustainability and circular economy goals is paving the way for airless tire adoption. Michelin and other European manufacturers are focusing on eco-friendly tire construction using recycled materials.

The region is also a hotspot for innovation and pilot programs, especially in urban mobility. Several EU-funded research programs are underway to evaluate airless tires' role in reducing carbon emissions and enhancing last-mile delivery fleets.

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► Key Recent Developments:

2023: Michelin and General Motors announce plans to roll out Uptis airless tires by 2024.

2022: Bridgestone opens a specialized R&D hub in Tokyo for non-pneumatic tire innovation.

2023: Goodyear tests its airless lunar tire concept developed in collaboration with NASA, showcasing potential crossover tech

► Airless Tires Market Segmentation

by Material

Rubber
Plastic

The market for airless tires is divided into two segments: plastic and rubber. The market for airless tires was dominated by the rubber category. Tire technology has long been developed and improved by the rubber industry. Rubber's performance can be optimized for a variety of applications by manufacturers who are aware of how the material behaves under different circumstances. Rubber has a major edge in the early phases of airless tire development thanks to the established knowledge base. Rubber provides tires with remarkable properties. Because of its high tensile strength, it can withstand pressure without stretching or breaking.

by Product

Radial
Bias

The market for airless tires is divided into two segments: Radial and Bias. With a market share of over 70% in the global airless tire market, radial tires dominated the market. Radial airless tires improve performance in a number of ways. Better handling, more stability, and fuel efficiency are all made possible by the radial structure, which also reduces rolling resistance. There is a greater selection of easily accessible radial airless tire options since manufacturers have a solid understanding of radial tire technology and its production methods.

by Tire Size

35 inches

The global market for airless tires is divided into four segments: less than 20 inches, 21-25 inches, 26-30 inches, 31-35 inches, and greater than 35 inches. The 21-25 inch category is anticipated to maintain its leading position in the market due to current uses and airless tire technology. Early users of airless tire technology are frequently found in specialized applications such as low-speed electric vehicles, industrial vehicles, and construction equipment. With a market share of over 38%, the 21-25-inch sector maintained its lead due to its appropriateness for early adopter applications. Over the course of the forecast period, it is anticipated to maintain its dominant position.

by Vehicle Type

Military Vehicles
PS/LT (Passenger& Light truck)
All-Terrain Vehicles
Utility Vehicles
Others

Military vehicles, PS/LT (Passenger & Light Truck), truck & bus, terrain vehicles, utility vehicles, and others make up the market for airless tires. Performance and dependability are given top priority in military vehicles under extreme conditions. Airless tires provide a tactical benefit for military operations due to their resilience to punctures and potential weight reduction. The purpose of the airless tires is to keep them from rupturing and flattening out during military drills. Moreover, the variables thought to propel the market expansion of military and all-terrain vehicles are the growing requirement for military vehicles to function on rugged terrains and the elevated vulnerability of soldiers to danger due to tire flat outs.

by Sales Channel

OEM
Aftermarkets

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► Airless Tires Market Key Players

1. Bridgestone Corporation
2. Michelin Group
3. Goodyear Tire and Rubber Company
4. Continental AG
5. Hankook Tire & Technology Group
6. Amerityre Corporation
7. Tannus Ltd
8. Toyo Tire & Rubber Co. Ltd
9. Sumitomo Rubber Industries Ltd
10. Pirelli
11. Amerityre Corporation
12. The Yokohama Tire Corporation

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