Unlocking Opportunities in the Airless Tires Market: 2025-2034 Forecast Report

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What Will the Airless Tires Industry Market Size Be by 2025?
There has been a robust expansion in the airless tires market size in the last few years. The market's valuation is forecasted to increase from $1.21 billion in 2024 to $1.29 billion in 2025, presenting a compound annual growth rate (CAGR) of 6.2%. The surge in growth during the historic period can be ascribed to factors such as utilization in military operations, mining, industrial activity, agricultural equipment, space exploration methodologies, dependability, and minimized maintenance.

What's the Long-Term Growth Forecast for the Airless Tires Market Size Through 2029?
The market size of airless tires is predicted to witness substantial expansion over the ensuing years. The market value is projected to reach $1.66 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.4%. Factors contributing to this growth during the forecast period include governmental policies, logistical and material handling considerations, an emphasis on enhancing performance, consumer emphasis on convenience, and the evolution of autonomous vehicles. Key trends anticipated during this period encompass their use in passenger cars, the application of 3D printing and manufacturing, the inclusion in sustainable transportation solutions, their retail accessibility and post-sale demand, along with improved traction and grip.

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What Are the Key Growth Drivers Fueling the Airless Tires Market Expansion?
The surge in vehicle manufacturing is projected to stimulate the expansion of the airless tires market in the future. The term vehicle production entails the creation of vehicles and light trucks, like light-duty vans, pick-up trucks, and minivans, which are mass-produced identical models available to consumers. Airless tires offer superior puncture resistance, need less upkeep, and enhance vehicle safety. They eliminate the risk of blowouts or flat tires, ensuring reliable performance while driving, thus offering peace of mind for drivers. For instance, a report by the European Automobile Manufacturers Association, a Belgium-based automobile industry standards organization in the European Union, stated in May 2023 that the worldwide motor vehicle production had grown by 5.7% in 2022 to reach 85.4 million from 2021. Accordingly, the escalading vehicle production is steering the growth of the airless tires market.

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What Are the Key Trends Driving Airless Tires Market Growth?
Several leading corporations in the airless tire industry are prioritizing the development of innovative products such as the airless radial tire. This tire type, designed without air pressure, utilizes a specialized construction that offers both stability and flexibility. It's a product that improves durability and lessens the chances of tire punctures. Michelin, a manufacturing enterprise based in France, for instance, unveiled its MICHELIN X Tweel airless radial tire for eCargo trikes in September 2022. This newly revealed product promises to enhance last-mile deliveries by lowering downtime caused by flat tires, while simultaneously improving safety. The advanced tire supersedes traditional tire and wheel systems, as it does not require air pressure and provides remarkable stability and handling traits.

How Is the Airless Tires Market Segmented?
The airless tires market covered in this report is segmented -

1) By Type: Radial Tires, Bias Tires
2) By Material: Rubber, Plastic
3) By Vehicle: Military Vehicles, Commercial And Passenger Vehicles, All-Terrain Vehicles, Utility Vehicles, Two Wheelers
4) By Rim Size: Less Than 15 Inches, 15-20 Inches, More Than 20 Inches
5) By Sales Channel: OEM, After market

Subsegments:
1) By Radial Tires: Passenger Radial Tires, Light Truck Radial Tires, Heavy-Duty Radial Tires
2) By Bias Tires: Passenger Bias Tires, Light Truck Bias Tires, Heavy-Duty Bias Tires

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Which Companies Are Leading the Charge in Airless Tires Market Innovation?
Major companies operating in the airless tires market include Bridgestone Corporation, The Goodyear Tire & Rubber Company, Continental AG, MICHELIN, Pirelli Tyre S.p.A, Sumitomo Rubber Industries Ltd, Hankook Tire Co. Ltd, Yokohama Tire Corporation, SciTech Industries, Trelleborg AB, Amerityre Corporation, Toyo Tire & Rubber Co. Ltd, GRI Tires, Tannus Ltd, Cooper Tire & Rubber Company, General Motors, Tesla Inc., Apollo Tyres Ltd, Nokian Tyres plc, Kumho Tire Co. Inc., Maxxis International, MRF Limited, Cheng Shin Rubber Ind. Co. Ltd., Falken Tire Corporation, Bridgestone Americas Inc., Uniroyal Engineered Products LLC, Dunlop Tires, Firestone Tire and Rubber Company, Michelin Group, Goodyear Dunlop Tires Europe B.V.

Which Regions Are Leading the Global Airless Tires Market in Revenue?
Asia-Pacific was the largest region in the airless tires market in 2024. It is expected to be the fastest-growing region in the forecast period. The regions covered in the airless tires market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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