Global Airless Tire

Global Airless Tire Market Research Report Forecast (2022-27)

By Vehicle Type (Two Wheelers, Passenger Cars, Commercial Vehicles, Off Road Vehicles, Military Vehicles), By Material (Rubber, Plastic), By Demand Type (OEM, Replacement), By Tire Type (Radial, Bias) Read more

  • Tire
  • Feb 2022
  • 254
  • TR33007

Market Definition:

Airless tires, also known as non-pneumatic tires, are not supported by air pressure. They do not go flat and have high rolling friction & less suspension than pneumatic tires. Moreover, they possess flexible traction and an interlock hub, which has been designed to increase their durability, coupled with zero-degree belts to provide better lateral stiffness & damage resistance and absorb impacts.

Market Insights:

The Global Airless Tires Market is projected to grow at a CAGR of around 7% during the forecast period, i.e., 2022-27. Airless tire technology has seen immense progress in terms of research & innovations in recent years. These tires have been in demand mainly due to the ever-growing automotive industry worldwide and the rapid shift toward sustainable & maintenance-free tires. The key players in the global tire market, such as Michelin, Bridgestone Corporation, etc., are gradually shifting toward the concept of airless tires to address & resolve the various challenges associated with pneumatic tires. For instance:

  • In 2021, Michelin's airless prototype tire was tested, approved, and fitted in an e-mini car at the Munich Motor Show. The tire has been made with the concept of no puncture & less waste to promote sustainable environmental practices.
  • In 2019, Michelin & General Motors collaborated to develop airless tires, potentially saving 200 million punctured car tires from the scrap heap annually. The MICHELIN UPTIS (Unique Puncture-Proof Tire System) is an airless mobility solution for passenger vehicles intended to reduce the risk of flat tires & other air loss failures that result from punctures or road hazards.
Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR(2022-27) 7%
Regions Covered North America: USA, Canada, Mexico
Europe: Germany, The UK, France, Spain, Italy, Russia
Asia-Pacific: China, India, Japan, South Korea, Australia
South America: Brazil,  Rest of South America
Middle East & Africa:  UAE, Saudi Arabia, South Africa
Key Companies Profiled Compagnie Générale des Établissements Michelin SCA), Bridgestone Corporation, Goodyear Tire & Rubber Corporation, Continental AG, Amerityre Corporation, Hankook Tire & Technology Co., Ltd., Sumitomo Rubber Industries, Ltd., Toyo Tire Corporation, The Yokohama Rubber Co., Ltd., Trelleborg AB)
Unit Denominations USD Million/Billion

 

Additionally, the rapidly growing trend of Electric Vehicles (EVs) has also set growth opportunities for the demand for airless tires in the forthcoming years since they facilitate a significant reduction in vehicle weight. Airless tires are not susceptible to air leaks or low-pressure issues, such as increased fuel usage or safety hazards. As a result, they could be the next big trend in both utility & regular vehicles. Hence, based on these aspects, the Global Airless Tires Market is expecting steady growth during 2022-27.

Covid-19 created a steep plunge in the Global Airless Tires Market

In 2020, the Covid-19 pandemic catastrophically impacted both the tire & automotive sectors, which, in turn, acutely declined the demand for airless tires. It attributed to the global health crisis & stringent lockdown policies imposed by governments worldwide to curb the virus spread. As a result, the shutdown of tire manufacturing units & international borders led to import/export restrictions, reduced or no production & sales of airless tires, and delayed or canceled deliveries.

Furthermore, despite the pandemic, some global market players like Michelin, Goodyear Tire & Rubber Corporation, etc., reported a demand surge for tires in the second half of 2020. This demand was among Original Equipment Manufacturers (OEMs) of passenger cars and light & heavy trucks. Consequently, the airless tires market gained pace in the third quarter. Moreover, along with the ongoing pandemic, the research & development activities by several market players like Sumitomo Rubber Industries, Ltd., Michelin, etc., have extensively progressed and, subsequently, they seem ready to implement their niche technology in the years to come.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Executive Summary
  3. Impact of COVID-19 on Global Airless Tires Market
  4. Global Airless Tires Market Trends & Insights
  5. Global Airless Tires Market Dynamics
    1. Drivers
    2. Challenges
    3. Impact Analysis
  6. Global Airless Tires Market Regulations & Policy
  7. Global Airless Tires Market Hotspots & Opportunities
  8. Global Airless Tires Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. By Revenue in USD Million
      2. By Units Sold in Thousand Units
    2. Market Share & Analysis (By Units Sold in Thousands)
      1. By Vehicle Type
        1. Two-Wheelers
        2. Passenger Cars
        3. Commercial Vehicles
        4. Off Road Vehicles
        5. Military Vehicles
      2. By Material
        1. Rubber
        2. Plastic
      3. By Demand Type
        1. OEM
        2. Replacement
      4. By Tire Type
        1. Radial
        2. Bias
      5. By Rim Size
        1. Up to 12”
        2. 12.1” to 15”
        3. 15.1” to 18”
        4. 18.1” to 22”
        5. Above 22”
      6. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East & Africa
        5. Asia Pacific
      7. By Competitors
        1. Units Sold
  9.  North America Airless Tires Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. By Revenue
      2. By Units Sold
    2. Market Share & Analysis (By Units Sold in Thousands)
      1. By Vehicle Type
      2. By Material
      3. By Sales Channel
      4. By Tire Type
      5. By Rim Size
      6. Country
        1. The US
        2. Canada
        3. Mexico
    3. The US Airless Tires Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. By Revenue
        2. By Units Sold
      2. Market Share & Analysis (By Units Sold in Thousands)
        1. By Vehicle Type
        2. By Material
        3. By Rim Size
        4. By Tire Type
    4. Canada Airless Tires Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. By Revenue
        2. By Units Sold
      2. Market Share & Analysis (By Units Sold in Thousands)
        1. By Vehicle Type
        2. By Material
        3. By Rim Size
        4. By Tire Type
    5. Mexico Airless Tires Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. By Revenue
        2. By Units Sold
      2. Market Share & Analysis (By Units Sold in Thousands)
        1. By Vehicle Type
        2. By Material
        3. By Rim Size
        4. By Tire Type
  10. South America Airless Tires Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. By Revenue
      2. By Units Sold
    2. Market Share & Analysis (By Units Sold in Thousands)
      1. By Vehicle Type
      2. By Material
      3. By Sales Channel
      4. By Tire Type
      5. By Rim Size
      6. Country
        1. Brazil
        2. Rest of South America
    3. Brazil Airless Tires Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. By Revenue
        2. By Units Sold
      2. Market Share & Analysis (By Units Sold in Thousands)
        1. By Vehicle Type
        2. By Material
        3. By Rim Size
        4. By Tire Type
  11. Europe Airless Tires Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. By Revenue
      2. By Units Sold
    2. Market Share & Analysis (By Units Sold in Thousands)
      1. By Vehicle Type
      2. By Material
      3. By Sales Channel
      4. By Tire Type
      5. By Rim Size
      6. Country
        1. Germany
        2. France
        3. The UK
        4. Italy
        5. Spain
        6. Rest of Europe
    3. Germany Airless Tires Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. By Revenue
        2. By Units Sold
      2. Market Share & Analysis (By Units Sold in Thousands)
        1. By Vehicle Type
        2. By Material
        3. By Rim Size
        4. By Tire Type
    4. France Airless Tires Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. By Revenue
        2. By Units Sold
      2. Market Share & Analysis (By Units Sold in Thousands)
        1. By Vehicle Type
        2. By Material
        3. By Rim Size
        4. By Tire Type
    5. The UK Airless Tires Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. By Revenue
        2. By Units Sold
      2. Market Share & Analysis (By Units Sold in Thousands)
        1. By Vehicle Type
        2. By Material
        3. By Rim Size
        4. By Tire Type
    6. Italy Airless Tires Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. By Revenue
        2. By Units Sold
      2. Market Share & Analysis (By Units Sold in Thousands)
        1. By Vehicle Type
        2. By Material
        3. By Rim Size
        4. By Tire Type
    7. Spain Airless Tires Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. By Revenue
        2. By Units Sold
      2. Market Share & Analysis (By Units Sold in Thousands)
        1. By Vehicle Type
        2. By Material
        3. By Rim Size
        4. By Tire Type
  12. Middle East & Africa (MEA) Airless Tires Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. By Revenue
      2. By Units Sold
    2. Market Share & Analysis (By Units Sold in Thousands)
      1. By Vehicle Type
      2. By Material
      3. By Sales Channel
      4. By Tire Type
      5. By Rim Size
      6. Country
        1. Middle East
        2. Africa
  13. Asia Pacific (APAC) Airless Tires Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. By Revenue
      2. By Units Sold
    2. Market Share & Analysis (By Units Sold in Thousands)
      1. By Vehicle Type
      2. By Material
      3. By Sales Channel
      4. By Tire Type
      5. By Rim Size
      6. Country
        1. China
        2. Japan
        3. India
        4. South Korea
        5. Australia
        6. Rest of Asia Pacific
    3. China Airless Tires Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. By Revenue
        2. By Units Sold
      2. Market Share & Analysis (By Units Sold in Thousands)
        1. By Vehicle Type
        2. By Material
        3. By Rim Size
        4. By Tire Type
    4. Japan Airless Tires Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. By Revenue
        2. By Units Sold
      2. Market Share & Analysis (By Units Sold in Thousands)
        1. By Vehicle Type
        2. By Material
        3. By Rim Size
        4. By Tire Type
    5. India Airless Tires Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. By Revenue
        2. By Units Sold
      2. Market Share & Analysis (By Units Sold in Thousands)
        1. By Vehicle Type
        2. By Material
        3. By Rim Size
        4. By Tire Type
    6. South Korea Airless Tires Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. By Revenue
        2. By Units Sold
      2. Market Share & Analysis (By Units Sold in Thousands)
        1. By Vehicle Type
        2. By Material
        3. By Rim Size
        4. By Tire Type
    7. Australia Airless Tires Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. By Revenue
        2. By Units Sold
      2. Market Share & Analysis (By Units Sold in Thousands)
        1. By Vehicle Type
        2. By Material
        3. By Rim Size
        4. By Tire Type
  14. Company Profiles
    1. Compagnie Générale des Établissements Michelin SCA)
    2. Bridgestone Corporation
    3. Goodyear Tire & Rubber Corporation
    4. Continental AG
    5. Amerityre Corporation
    6. Hankook Tire & Technology Co., Ltd.
    7. Sumitomo Rubber Industries, Ltd.
    8. Toyo Tire Corporation
    9. The Yokohama Rubber Co., Ltd.
    10. Trelleborg AB
  15. Disclaimer
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