Airless Tires refer to next-generation non-pneumatic tires that eliminate the need for air pressure. These tires may be based on spokes or honeycomb structure and can be manufactured using 3D printing method. These tires can potentially be manufactured using a wide range of materials including plastic, paper, electronic waste, wood or recycled rubber. Currently, these tires are being produced using recycled rubber and organic recyclable compounds. The airless tires market is primarily driven by their immense benefits such as no risk of flat tires, longer life, rugged application and several others. Additionally, since the material used for airless tires is primarily recyclable, using these tires is more eco-friendly as compared to the pneumatic counterparts. Currently, airless tires have found application in utility vehicles such as lawn mowers, golf carts, bicycles, defense vehicles and some of the commercial vehicles.

Another major factor driving the market growth is the constantly growing efforts by the tire manufacturers towards development of more reliable and seamless design. Most of the tire companies including Bridgestone Corporation, the Michelin Group, Hankook Tire Group and several others are working rigorously in order to introduce airless tires in passenger vehicles segment. Continued efforts by these companies are directed towards improving durability, hardness, stability, efficiency and ability of these tires to maintain the performance at high speeds. This would escalate the possibilities of airless tires for use across a wide range of automotive vehicles. Nevertheless, major factor hindering the market growth is the limited performance of these tires in case of suspension, friction and high speed. Additionally, relatively slow pace of the overall automotive industry towards change in integral automotive components (e.g. tires, braking system) may hamper the market growth.

The report titled “Global Airless Tires Market – Growth, Future Prospects and Competitive Analysis, 2017 – 2025” offers strategic insights into the global airless tires market along with the market size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of market segments based on application and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2016 & 2025. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities. In addition, the report includes a section providing insights on the key trends followed in the market.

In order to help strategic decision makers, the report also includes competitive profiling of the leading airless tires vendors, their business strategy analysis, market positioning and key developments. Some of the major players profiled in the report are Michelin Group, Cooper Tire & Rubber Company, Goodyear Tire & Rubber Company, Hankook Tire Group, Bridgestone Corporation, Tannus Ltd., Amerityre Corporation, Kenda Rubber Industrial Company, Marathon Industries, Inc. and several others. Apart from the company profiles, the report includes a section covering the competitive landscape wherein the market positioning of the companies has been discussed. The section also provides a view of key business strategies adopted by the leading market players. Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the airless tires industry
• Comparative analysis for different segments for the years 2016 & 2025
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis including the positioning of market players and their business strategy analysis
• Trailing 2-Year market size data (2015 – 2016)
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global airless tires market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above mentioned factors.

The global airless tires market is dominated by the North America region. As of 2016, North America accounts for more than forty percent of the overall airless tires market revenue generated worldwide. The region is home to large number of tire manufacturers spending heavily over development of seamless airless tire designs. Companies such as Michelin Group, Cooper Tire & Rubber Company, Goodyear Tire & Rubber Company are some of the leading tire manufacturers in the region having heavy emphasis over development of airless tires.

Another major factor fueling the North America airless tires market is the strong adoption of airless tires across applications such as utility vehicles, agricultural and construction equipment and defense vehicles. Europe follows North America, in terms of revenue and adoption, of the airless tires market. Due to presence of a technologically advanced automotive industry, Europe remains a lucrative market for airless tires for the following years. Further, with the continually rising automotive industry in Asia Pacific, the region is set to demonstrate the highest growth in the following years.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Airless Tires market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Airless Tires market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Airless Tires market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Airless Tires market?
• Which is the largest regional market for Airless Tires market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Airless Tires market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Airless Tires market worldwide?