Airless Tires Market Analysis & Forecast 2024-2030

Global Airless Tires Market is expected to reach USD 483.06 million by 2030 with CAGR of 7.2% between 2024 and 2030

Airless tires usually refer to the next-generation tires that do not require air and reject the need of air pressure. They can be based on honeycomb or spokes structure and are being developed using 3D printing method. These tires are majorly manufactures using plastic or rubber. Their advantages as compared to the conventional tires will mainly drive the airless tires market growth over the coming years. These advantages include puncture proof, durability, and high application in rugged activities. Several automobile Original equipment manufacturers are considering the usage of these tires to reduce the overall vehicle weight. For example, in October 2017, Toyota declared that it is considering airless tires for their battery and fuel cell electric vehicles for decrease in their weight.  

Major tire manufacturers across the globe such as Bridgestone, Hankook, and Michelin are heavily investing on R&D for the development of these tires, inducing immense growth potential to the airless tires market size. Airless tires are currently produced by recyclable plastic or rubber, making them eco-friendly in nature. Additionally, providing of advantages such as durability, puncture proof, and rugged applications will further strengthen the product penetration. On the other hand, extreme manufacturing costs coupled with low awareness about their benefits may hinder the airless tires market growth over the forecast period. Limited performance in case of roughness, delay, and high speed will further impact the airless tires market negatively.  

The study covers a detailed analysis, growth and forecast of the Airless Tires Market. The report includes market analysis on global and regional level. The study covers historical data analysis from 2018 to 2023 and market forecast for 2024 to 2030 based on revenue generated. The study includes market value in terms of revenue in million USD for years 2018-2030 and compound annual growth rate (CAGR) in % from 2024 to 2030. The market is expected to show constant growth between 2024 to 2030.  

The report comprises value chain analysis for each of the product segments. Value chain analysis offers in-depth information about value addition at each stage. The study includes drivers and restraints for Airless Tires Market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. Research report includes major player analysis with shares of each player inside market, growth rate and market attractiveness in different end-users/regions. Our study Airless Tires Market helps users to make precise decision to expand their market presence and increase market share.  

The report provides Airless Tires Market Dynamics, includes industry growth drivers, challenges, opportunities, risk, constraints as well as threats. Report also includes Manufacturing Cost Analysis mainly included Raw Materials Analysis, Price Trend of product, Mergers & Acquisitions, Expansion, Key Suppliers of product, Concentration Rate of Airless Tires Market, Manufacturing Process Analysis. Research Report contains Market Effect Factors analysis mainly included Technology Progress, Consumer Needs Trend, External Environmental Change.  

Companies need to focus on product development as the market is already optimistic of such products. This will help in generating higher ROI. Europe is also expected to contribute a large market share during the forecast period owing to increasing regulations from European Commission for driver’s safety and convenience while driving. In addition, introduction of low-cost chip embedded non-pneumatic tires in the advanced vehicles enhance the convenience and level of safety, which is expected to escalate the regional market demand over the forecast period.  

Global Airless Tires Market: Product Type

• Radial Tires
• Bias Tires

Global Airless Tires Market: Application

• Military Vehicles
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Terrain Vehicles
• Utility Vehicles
• Motorcycles

Global Airless Tires Market: Competitive Analysis

Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Global Airless Tires Market:

• Michelin
• Bridgestone
• Hankook
• Goodyear Tire
• Toyo Tires
• Sumitomo Rubber Industries

Geographical analysis of Global Airless Tires Market:

• North America
  • U.S.A.
  • Canada
• Europe
  • France
  • Germany
  • Spain
  • UK
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South East Asia
• Latin America
  • Brazil
• Middle East and Africa

Global Airless Tires Market Report delivers a comprehensive analysis of the following parameters:

• Market Forecast for 2024-2030
• Market growth drivers
• Challenges and Opportunities
• Emerging and Current market trends
• Market player Capacity, Production, Revenue (Value)
• Supply (Production), Consumption, Export, Import analysis
• End user/application Analysis

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