Airless Tire Trends and Forecast
The future of the global airless tire market looks promising with opportunities in the rubber and plastic markets. The global airless tire market is expected to reach an estimated $0.07 billion by 2030 with a CAGR of 5.0% from 2024 to 2030. The major drivers for this market are growing vehicle production, increase in demand for airless tires, and government initiatives.growing vehicle production, increase in demand for fuel-efficient tires, and rising government initiatives.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Airless Tire by Segment
The study includes a forecast for the global airless tire by type, material, vehicle type, rim size, and region.
Airless Tire Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Radial Tires
• Bias Tires
Airless Tire Market by Material [Shipment Analysis by Value from 2018 to 2030]:
• Rubber
• Plastic
Airless Tire Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:
• Two-Wheelers
• Passenger Cars
• Light/Heavy Industrial/Commercial
• Trucks & Buses
Airless Tire Market by Rim Size [Shipment Analysis by Value from 2018 to 2030]:
• Less Than 15 Inches
• 15 to 20 Inches
• More Than 20 Inches
Airless Tire Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Airless Tire Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies airless tire companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the airless tire companies profiled in this report include-
• Amerityre
• The Yokohama Rubber
• Trelleborg
• Continental
• Bridgestone
• Michelin
• Sumitomo
Airless Tire Market Insights
Lucintel forecasts that radial tires will remain the larger segment over the forecast period as it ensures enhance performance and stability and lower rolling resistance.
Within this market, rubber will remain the larger segment due to its high tensile strength and durability.
North America will remain the largest region over the forecast period due to growing adoption of these tires in military applications and utility terrain vehicles.
Features of the Global Airless Tire Market
Market Size Estimates: Airless tire market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Airless tire market size by various segments, such as by type, material, vehicle type, rim size, and region in terms of value ($B).
Regional Analysis: Airless tire market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, materials, vehicle types, rim sizes, and regions for the airless tire market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the airless tire market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the airless tire market size?
Answer: The global airless tire market is expected to reach an estimated $0.07 billion by 2030.
Q2. What is the growth forecast for airless tire market?
Answer: The global airless tire market is expected to grow with a CAGR of 5.0% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the airless tire market?
Answer: The major drivers for this market are growing vehicle production, increase in demand for fuel-efficient tires, and rising government initiatives.
Q4. What are the major segments for airless tire market?
Answer: The future of the airless tire market looks promising with opportunities in the rubber and plastic markets.
Q5. Who are the key airless tire market companies?
Answer: Some of the key airless tire companies are as follows:
• Amerityre
• The Yokohama Rubber
• Trelleborg
• Continental
• Bridgestone
• Michelin
• Sumitomo
Q6. Which airless tire market segment will be the largest in future?
Answer: Lucintel forecasts that radial tires will remain the larger segment over the forecast period as it ensures enhance performance and stability and lower rolling resistance.
Q7. In airless tire market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to these tires are used in military applications and utility terrain vehicles. North America will remain the largest region over the forecast period due to growing adoption of these tires in military applications and utility terrain vehicles.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the airless tire market by type (radial tires and bias tires), material (rubber and plastic), vehicle type (two-wheeler, passenger cars, light/heavy industrial/commercial, and trucks & buses), rim size (less than 15 inches, 15 to 20 inches, and more than 20 inches), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Airless Tire Market, Airless Tire Market Size, Airless Tire Market Growth, Airless Tire Market Analysis, Airless Tire Market Report, Airless Tire Market Share, Airless Tire Market Trends, Airless Tire Market Forecast, Airless Tire Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.