Airless Tires Market Business Developing Strategies, Growth Key Factors 2030

Airless Tires Market Overviews

Maximize Market Research is an Airless Tires Market research firm that has published a detailed analysis of the “Airless Tires Market”. MMR’s in-depth market assessments in research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, focuses on the analysis of high-tech systems and advanced production systems. The Airless Tires market report includes key business insights, demand analysis, pricing analysis, and competitive landscape.

Airless Tires Market CAGR Estimation:

Airless Tires market was valued at USD 54.40 Mn in 2023 and is expected to reach USD 80.19 Mn by 2030, at a CAGR of 7.6 % during the forecast period.

Airless Tires Market Scope and Methodology:

The Airless Tires Market Report provides an in-depth analysis of the global Airless Tires market, highlighting key trends, drivers, challenges, and opportunities that influence the industry’s landscape. The report delves into various market segments, including product types, applications, and geographical regions. Through meticulous primary and secondary research methods, data is collected from industry experts, market participants, and reputable sources such as company websites, annual reports, press releases, and databases. The research methodology integrates both qualitative and quantitative approaches to ensure precise and reliable analysis, utilizing statistical tools and models to generate meaningful insights and forecasts.

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Airless Tires Market Regional Insights:

North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa make up the majority of the Airless Tires market segments. The study includes a detailed analysis of the market size, growth rate, import and export by region, and other factors. The Airless Tires market status of the various countries featured in the research is provided by the Regional Analysis.

Airless Tires Market Segmentation:

by Material

Rubber

Plastic

Rubber and plastic make up the two segments of the airless tire market. The market for airless tires was dominated by the rubber category. Tire technology has long been developed and refined by the rubber industry. Rubber's behavior under varied situations is understood by manufacturers, who can therefore optimize the material's performance for a variety of uses. Rubber has a major advantage over other materials in the early stages of airless tire development because of its established knowledge base. Rubber provides tires with outstanding qualities. It can withstand stretching and breaking under pressure because of its high tensile strength. Additionally, it has outstanding elasticity, which makes for a smoother ride by absorbing shocks and vibrations.

by Product

Radial

Bias

Radial and bias segments make up the market for airless tires. With a market share of more than 70% in the worldwide airless tire market, radial tires dominated the industry. Radial airless tires provide many advantages in terms of performance. With less rolling resistance, the radial design promotes better handling, more stability, and enhanced fuel efficiency. There is a greater variety of easily accessible radial airless tire options since manufacturers have a solid understanding of radial tire technology and its production methods. However, bias airless tires are useful in some situations. Improvements in manufacturing techniques and materials are anticipated to result in enhanced bias airless tire performance as airless tire technology develops further.

by Tire

Size <20 inches

21-25 inches

26-30 inches

31- 35 inches

>35 inches

The worldwide airless tire market is divided into five segments based on tire size: <20 inches, 21-25 inches, 26-30 inches, 31-35 inches, and >35 inches. The market is anticipated to be dominated by the 21–25 inch segment based on existing uses and advancements in airless tire technology. Early users of airless tire technology are frequently observed in specialized applications such as low-speed electric cars, construction equipment, and industrial vehicles. The 21–25-inch sector, which is well-suited for early adopter applications, maintained its dominant position with a share of over 38%. It is anticipated to maintain its leading position throughout the duration of the projection.

by Vehicle Type

Military Vehicles

PS/LT (Passenger& Light truck)

All-Terrain Vehicles

Utility Vehicles

Others

The market for airless tires is divided into several segments based on the type of vehicle, including military vehicles, truck and bus, utility vehicles, passenger and light truck, and others. Performance and dependability are given top priority in military vehicles under tough conditions. Because of their ability to reduce weight and puncture resistance, airless tires are a tactical benefit for military applications. In military drills, the airless tires are specifically made to avoid flattening and rupturing. In addition, the growing necessity for military vehicles to function in difficult terrain and soldiers' increased vulnerability to danger due to tire failures are the causes thought to be propelling the expansion of the military and all-terrain vehicle markets. Cars and light trucks that are primarily utilized for private and light commercial transportation are included in the passenger and light truck category.

by Sales Channel

OEM

Aftermarkets

With more than 90% of the market share, the OEM segment leads the worldwide airless tire industry. The growing propensity of consumers towards airless tires due to their superior performance in the market is the element ascribed to the segment's rise. The expansion of the OEMs segment is mostly dependent on the supply of safe driving conditions, increased strength, and superior service with lower maintenance. In an effort to bring down the cost of the product and draw in more customers, the makers are producing more airless tires. When an entire vehicle is designed with airless tires, OEMs have the chance to enhance performance and potentially save weight by designing and integrating airless tires from the ground up. Manufacturers may make sure new cars with airless tires fulfill their requirements

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Airless Tires Market Key Players:

1. Michelin (France)

2. The Goodyear Tire and Rubber Company (US)

3. Bridgestone Corporation (Japan)

4. Hankook (South Korea)

5. Toyo Tire Corporation (Japan)

6. Continental AG (Germany)

7. Marathon Industries inc (US)

8. Cooper Tire (U.S.)

9. McLaren Industries (US)

10. Amerityre Corporation (U.S.)

11. Yokohama Tire Corporation (US)

12. Evolution Wheel (Canada)

13. Sunitomo Rubber Industries (Japan)

14. Trelleborg AG (Sweden)

15. GRI Tires (India)

16. Tannus Ltd (Australia)

17. SciTech Industries (Australia)

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Key questions answered in the Airless Tires Market are:

What is Airless Tires?

What was the Airless Tires market size in 2024?

What is the growth rate of the Airless Tires Market?

Which are the factors expected to drive the Airless Tires market growth?

What are the different segments of the Airless Tires Market?

What growth strategies are the players considering to increase their presence in Airless Tires?

What are the upcoming industry applications and trends for the Airless Tires Market?

What are the recent industry trends that can be implemented to generate additional revenue streams for the Airless Tires Market?

Who are the leading companies and what are their portfolios in Airless Tires Market?

What segments are covered in the Airless Tires Market?

Who are the key players in the Airless Tires market?

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)

Past Pricing and price curve by region (2018 to 2022)

Market Size, Share, Size Forecast by Different Segment | 2024−2030

Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region

Market Segmentation – A detailed analysis by segment with their sub-segments and Region

Competitive Landscape – Profiles of selected key players by region from a strategic perspective

Competitive landscape – Market Leaders, Market Followers, Regional player

Competitive benchmarking of key players by region

PESTLE Analysis

PORTER’s analysis

Value chain and supply chain analysis

Legal Aspects of Business by Region

Lucrative business opportunities with SWOT analysis

Recommendations

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About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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