Airless Tires Market: Global Analysis, Opportunities And Forecast To 2032

Airless Tires Market is projected to cross USD 85 Mn by 2032. Increasing investments in the defense sector would support the deployment of airless tire technology in military vehicles. These tires can endure tough terrain and other environmental conditions. Features like puncture resistance and reduced weight would eliminate the need for military vehicles to carry a spare tire. This further reduces the weight of these vehicles and cuts the time used to repair punctured tires. Ongoing geopolitical tensions and conflicts between nations would ramp up the demand for military vehicles fitted with airless tires. For instance, the recent Russia-Ukraine conflict has driven the demand for combat vehicles over the last year.

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Airless tires market share from the passenger & commercial vehicle segment is anticipated to observe more than 19.5% CAGR between 2023 and 2032. Rising sales for passenger vehicles and a need for puncture-resistant tires will drive product penetration. Many industry players are working on developing new airless tires specifically for the commercial sector. For instance, in 2023, Michelin partnered with DHL to test the airless tire dubbed Uptis. As part of this partnership, more than 50 DHL express vans will be using puncture-proof tires in Singapore by the end of 2023.

As per the report, the airless tires industry size from the rubber material segment is expected to surpass USD 30 million by 2032. Airless tires made using rubber function as a movable cushion and can better withstand the impact of vibrations and automobile-based shocks. New innovations in rubber technology will aid market players to develop advanced airless rubber tires. For instance, in 2020, Goodyear announced that it will launch tires using sustainable materials by the end of 2030. The company will also begin testing an airless tire on delivery robots at Ohio’s Bowling Green State University. Such developments are expected to boost the airless tire market growth in the coming years.

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According to the research report, North America airless tires market is expected to be worth USD 23 million by 2032. In the US, ATVs are used for emergency medical response, land management, ranching and farming, small-scale forest activities, etc. The use of ATVs for agriculture purposes is high as it eases the process of farming like sowing seeds, applying chemicals, inspecting the farm, and much more. As the demand for ATVs increases, the application of airless tires in ATVs will also increase. New product launches and advancements in airless tire technology would foster regional market growth.

Partial chapters of report table of contents (TOC):

Chapter 2   Executive Summary

2.1    Airless Tires Market industry 3600 synopsis, 2018 – 2032

2.1.1    Business trends

2.1.2    Vehicle trends

2.1.3    Material trends

2.1.4    Product trends

2.1.5    Sales channel trends

2.1.6    Regional trends

Chapter 3   Airless Tires Industry Insights

3.1    Industry segmentation

3.2    Industry size and forecast, 2018 – 2032

3.2.1    COVID-19 impact on industry landscape

3.3    Industry ecosystem analysis

3.3.1    Raw material suppliers

3.3.2    Manufacturers

3.3.3    Distribution chain analysis

3.3.4    Sales Channel

3.3.5    ) Shareholder profit margin analysis

3.3.6    Vendor matrix

3.4    Regulatory landscape

3.5    Technology and innovation landscape

3.6    Patent analysis

3.7    Pricing analysis

3.7.1    Cost structure analysis

3.8    Industry impact forces

3.8.1    Growth drivers

3.8.1.1   Growing demand for all terrain and military vehicles

3.8.1.2   Technological advancements in the products

3.8.1.3   Superior product efficiency as compared to conventional products

3.8.2    Industry pitfalls & challenges

3.8.2.1   Manufacturing complexity and high product cost

3.9    Porter’s analysis

3.10    PESTEL analysis

3.11    Russia-Ukraine war impact analysis

 

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