Press Release

Airless Tires Market to Achieve USD 101.88 Million Worth by 2030

Global Airless Tires Market size was valued at USD 68.19 Million in 2024 and is projected to reach USD 101.88 Million in 2030. The market is also estimated to grow at a CAGR of around 6.88% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in the recent research report. Ever-growing automotive industry worldwide and the rapid shift toward sustainable & maintenance-free tires are the factors going to drive the Global Airless Tires market growth. The demand for sustainable & maintenance- free tires is on the rise among individuals around the world. The governments of different regions including Europe, North America, and others are also emphasizing sustainability across the automotive industries which is pushing consumers to adopt sustainable airless tires. Moreover, market players are also focusing on the demand for sustainable tires and are developing products that meet consumer demands. For instance, in 2024, Michelin company launched Uptis (Unique Puncture-Proof Tire System) airless tire for passenger cars. The product is airless and 100% sustainable i.e. renewable and bio-sourced.

Airless Tires offer a lot of benefits that eliminate the maintenance tension among consumers. These kinds of tires are made of solid polyurethane and feature a saw-toothed tread. They also don’t require maintenance of re-filling air into the tire every now and again - making it flat-free, which makes it cost-effective.

Global Airless Tires Market Segmental Analysis:

Off-road Vehicle is projected to drive Airless Tires Global Market

Based on the Vehicle Type, the market is further bifurcated into two-wheelers, Passenger Cars, Commercial Cars, Off-road Vehicles, and Military Vehicles. Among these, the Off-road Vehicle dominates the Global Airless Tires Market. The segment is likely to be driven due to the increase in off-road activities such as agriculture, gardening & landscaping among others. Nowadays, in developed as well as developing countries most of the agricultural activities are carried out by tractors. They are used for plowing, tilling, harrowing, sowing, and harvesting. They are also used for other purposes such as hauling heavy loads, performing landscaping duties, and more. With the increase in agricultural activities across the world, the demand for airless tires in agriculture tractors is increasing as these types of tires are less prone to accidents and offer soft drive and ample deflection which makes them popular in the agriculture sector.

Radial Tire is projected to drive the Global Airless Tires Market

Based on the Product Type, the market is further bifurcated into Radial and Bias types. Among these Radial type products dominate the Global Airless Tires Market. The market growth is primarily due to the advantage of radial tires over other tires. Moreover, the growth of the market is attributed to the narrow gap between the prices of both radial & bias tires, the growing presence of tire manufacturers, and the rising demand for better performance & durable tires.

North America is Projected to drive the Global Airless Tires Market

Based on geography, the market is further bifurcated into North America, South America, Europe, the Middle East &Africa, and Asia Pacific. North America dominates the Global airless tires market owing to the increase in the use of airless tires in military applications and utility terrain vehicles, and the continual focus on delivering products for military and defense purposes by the industry players throughout the projection period.

Competitive Landscape

The leading players in the Global Airless Tires Market include Michelin, Bridgestone Corporation, Continental AG, Amerityre Corporation, Goodyear Tire & Rubber Co., Hankook Tire & Technology Co. Ltd, Sumitomo Rubber Industries, Ltd., Toyo Tire Corporation, and Yokohama Rubber Co. Ltd.  

Key Questions Answered in the Research Report?

1. What are the current & future trends in the Global Airless Tires Market?
2. How has the industry been evolving in terms of geography & product offerings?
3. How has the competition been shaping across Kuwait, followed by their comparative factorial indexing?
4. What are the key growth drivers & challenges for the Global Airless Tires Market?
5. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?