Global Automotive Airless Tire Market

Automotive Airless Tire Size, Share, Growth Analysis, By Tire Type (Radial Airless Tires, Bias Airless Tires), By Material Type (Passenger Vehicles, Commercial Vehicles), By Region - Industry Forecast 2025-2032


Report ID: SQMIG25A2276 | Region: Global | Published Date: March, 2024
Pages: 225 | Tables: 118 | Figures: 74

Automotive Airless Tire Market Regional Insights

Asia Pacific dominated the global market. China is expected to hold the largest market share in the high sales of airless tires in the Asia-Pacific region. Pneumatic tires work similarly to pneumatic tires, the tires are not powered by compressed air but, instead, have steel belts and studs for its performance. Pneumatic tires have many advantages over conventional tires. For example, deflated tires eliminate the risk of punctures or deflation in conventional tires, resulting in poor vehicle performance.

North America leads the global automotive airless tire market and is expected to grow during the forecast period owing to the high usage of pneumatic tires by off-road vehicles in the region. Manufacturers in the region focus on advanced pneumatic tires for heavy-duty vehicles.

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Global Automotive Airless Tire Market size was valued at USD 51.41 billion in 2022 and is poised to grow from USD 54.29 billion in 2023 to USD 83.95 billion by 2031, growing at a CAGR of 5.6% during the forecast period (2024-2031).

The competitive environment of the Global Automotive Airless Tire Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. The global automotive airless tire market witnesses a competitive environment in which leading tire manufacturers, automotive OEMs and technical suppliers present Key players operating in the market are actively engaged in R&D efforts to develop tires with the airless technologies being updated and commercialized rapidly. Besides, investments in tire manufacturing facilities, testing infrastructure and distribution networks are key initiatives undertaken by market players to consolidate and expand their market positions in their global footprint. 'Bridgestone Corporation ', 'Continental AG ', 'Michelin Group ', 'Goodyear Tire & Rubber Company ', 'Sumitomo Rubber Industries, Ltd. ', 'Hankook Tire & Technology Co., Ltd. ', 'Yokohama Rubber Co., Ltd. ', 'Toyo Tire Corporation ', 'Pirelli Tyre S.p.A. ', 'Amerityre Corporation ', 'Marathon Industries Inc. ', 'Sentry Tire and Rubber LLC ', 'CST (Cheng Shin Tire) ', 'Cooper Tire & Rubber Company ', 'Tannus Ltd. ', 'Elastomeric Innovations ', 'Michelin’s UPTIS Division ', 'Smart Tire Company'

Although pneumatic tires look pneumatic, they are made of durable polyurethane and have saw toothed mechanisms. It has the same bounce and weight as a pneumatic tire, except it doesn’t look like an inflatable tire that no longer requires periodic tire maintenance to keep it pliable the thicker rubber in pneumatic tires provides quiet and smooth rolling with no tubes to absorb significant shock. As a result, pneumatic tires can roll over rocks, gravel and piles of tubes without rolling over. The hard rubber in a pneumatic tire is resistant to chemicals and heat and, unlike pneumatic tires, will not come off or wear out.

Technological Advancements to Boost Sales: Ongoing research and development activities lead to the introduction of new materials and processes, improving the efficiency and durability of airless tires. Manufacturers focus on improving driving comfort, noise reduction and overall efficiency to provide a better driving experience. The steady growth of the automotive industry, especially in emerging economies, is driving the demand for airless tires. With the increasing number of vehicles manufactured, manufacturers are looking for reliable and cost-effective tire solutions to meet consumer preferences and regulatory requirements, increasing market expansion.

Asia Pacific dominated the global market. China is expected to hold the largest market share in the high sales of airless tires in the Asia-Pacific region. Pneumatic tires work similarly to pneumatic tires, the tires are not powered by compressed air but, instead, have steel belts and studs for its performance. Pneumatic tires have many advantages over conventional tires. For example, deflated tires eliminate the risk of punctures or deflation in conventional tires, resulting in poor vehicle performance.

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Global Automotive Airless Tire Market

Report ID: SQMIG25A2276

$5,300
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