Airless Tires Market Size, Share, and Growth Analysis, By Material (Rubber, Plastic), By Product (Radial, Bias), By Tire Size, By Vehicle Type, By Sales Channel, By Region - Industry Forecast 2025-2032
Maxxis International(Cheng Shin Rubber Industry Co.)(Taiwan)
Giti Tire Pte. Ltd.(Singapore)
Falken Tire(Sumitomo Rubber Industries)(Japan)
Mitas(Trelleborg AB)(Sweden)
Balkrishna Industries Limited(India)
Titan International, Inc.(United States)
Carlisle Companies Incorporated(United States)
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Airless Tires Market size was valued at USD 59.84 million in 2023 and is poised to grow from USD 63.01 million in 2024 to USD 95.25 million by 2032, growing at a CAGR of 5.3% during the forecast period (2025-2032).
The airless tires market is poised for significant growth driven by several pivotal factors. Heightened demand for vehicle safety and performance is a primary catalyst, as airless tires provide enhanced stability, durability, and puncture resistance, appealing especially to the automotive, aerospace, and military sectors. Their longer lifespan also reduces environmental impact, addressing sustainability concerns. Additionally, the surge in electric vehicle adoption complements their unique requirements for efficiency and weight reduction, further boosting airless tire demand. Ongoing advancements in tire technology and manufacturing processes continue to improve performance and efficiency, while the rise of autonomous driving technology creates a need for reliable, maintenance-free tire solutions. Overall, these dynamics are set to position the airless tires market for robust expansion in the near future.
Top-down and bottom-up approaches were used to estimate and validate the size of the Airless Tires market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Airless Tires Market Segments Analysis
Global Airless Tires Market is segmented by Material, Product, Tire Size, Vehicle Type, Sales Channel and region. Based on Material, the market is segmented into Rubber and Plastic. Based on Product, the market is segmented into Radial and Bias. Based on Tire Size, the market is segmented into <20 inches, 21-25 inches, 26-30 inches, 31- 35 inches and >35 inches. Based on Vehicle Type, the market is segmented into Military Vehicles, PS/LT (Passenger& Light truck), All-Terrain Vehicles, Utility Vehicles and Others. Based on Sales Channel, the market is segmented into OEM and Aftermarkets. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Airless Tires Market
The Airless Tires market is being significantly propelled by technological advancements and heightened awareness regarding road safety. There is an increasing demand for tire solutions that promise superior stability and longevity, which airless tires deliver effectively. These innovative tires offer enhanced traction, superior resistance to punctures, and greater load-bearing capabilities. Consequently, the drive towards adopting airless tires is primarily fueled by the intent to improve vehicle safety, minimize accident risks, and ensure a safer driving experience for all road users. This trend reflects a broader commitment to enhancing overall vehicle performance while prioritizing safety on the roads.
Restraints in the Airless Tires Market
The airless tires market faces a notable constraint due to the elevated production costs associated with their manufacturing processes and materials, which ultimately affects consumer pricing. This price difference can hinder widespread acceptance, especially among budget-conscious consumers. Nevertheless, as technology progresses and production scalability improves, it is anticipated that the costs associated with airless tires will decline. Such advancements could alleviate this barrier, paving the way for greater market penetration and acceptance in the future. Hence, while the initial expense is a significant concern, ongoing innovations have the potential to transform this scenario gradually.
Market Trends of the Airless Tires Market
The Airless Tires market is experiencing a notable upward trend, driven by the increasing adoption of electric and hybrid vehicles. As more consumers and governments prioritize eco-friendly transportation solutions to combat climate change, the preference for electric and hybrid vehicles has surged. This shift creates a ripe opportunity for airless tires, which offer distinct advantages such as enhanced stability, reduced rolling resistance, and increased range-perfectly aligning with the performance needs of these vehicles. As the market evolves and more automakers incorporate sustainable technologies, demand for airless tires is projected to expand significantly, positioning the segment for robust growth in the coming years.
Table of Contents
Introduction
Objectives of the Study
Scope of the Report
Definitions
Research Methodology
Information Procurement
Secondary & Primary Data Methods
Market Size Estimation
Market Assumptions & Limitations
Executive Summary
Global Market Outlook
Supply & Demand Trend Analysis
Segmental Opportunity Analysis
Market Dynamics & Outlook
Market Overview
Market Size
Market Dynamics
Drivers & Opportunities
Restraints & Challenges
Porters Analysis
Competitive rivalry
Threat of substitute
Bargaining power of buyers
Threat of new entrants
Bargaining power of suppliers
Key Market Insights
Key Success Factors
Degree of Competition
Top Investment Pockets
Market Ecosystem
Market Attractiveness Index, 2024
PESTEL Analysis
Macro-Economic Indicators
Value Chain Analysis
Pricing Analysis
Global Airless Tires Market Size by Material & CAGR (2025-2032)
Market Overview
Rubber
Plastic
Global Airless Tires Market Size by Product & CAGR (2025-2032)
Market Overview
Radial
Bias
Global Airless Tires Market Size by Tire Size & CAGR (2025-2032)
Market Overview
<20 inches
21-25 inches
26-30 inches
31- 35 inches
>35 inches
Global Airless Tires Market Size by Vehicle Type & CAGR (2025-2032)
Market Overview
Military Vehicles
PS/LT (Passenger& Light truck)
All-Terrain Vehicles
Utility Vehicles
Others
Global Airless Tires Market Size by Sales Channel & CAGR (2025-2032)
Market Overview
OEM
Aftermarkets
Global Airless Tires Market Size & CAGR (2025-2032)
North America (Material, Product, Tire Size, Vehicle Type, Sales Channel)
US
Canada
Europe (Material, Product, Tire Size, Vehicle Type, Sales Channel)
Germany
Spain
France
UK
Italy
Rest of Europe
Asia Pacific (Material, Product, Tire Size, Vehicle Type, Sales Channel)
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America (Material, Product, Tire Size, Vehicle Type, Sales Channel)
Brazil
Rest of Latin America
Middle East & Africa (Material, Product, Tire Size, Vehicle Type, Sales Channel)
GCC Countries
South Africa
Rest of Middle East & Africa
Competitive Intelligence
Top 5 Player Comparison
Market Positioning of Key Players, 2024
Strategies Adopted by Key Market Players
Recent Developments in the Market
Company Market Share Analysis, 2024
Company Profiles of All Key Players
Company Details
Product Portfolio Analysis
Company's Segmental Share Analysis
Revenue Y-O-Y Comparison (2022-2024)
Key Company Profiles
Michelin Group (France)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
The Goodyear Tire & Rubber Company (United States)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Bridgestone Corporation (Japan)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Continental AG (Germany)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Sumitomo Rubber Industries, Ltd. (Japan)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Pirelli & C. S.p.A. (Italy)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Toyo Tire Corporation (Japan)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
The Yokohama Rubber Co., Ltd. (Japan)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Hankook Tire & Technology Co., Ltd. (South Korea)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Nokian Tyres plc (Finland)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Kumho Tire Co., Inc. (South Korea)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Apollo Tyres Ltd. (India)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Maxxis International (Cheng Shin Rubber Industry Co.) (Taiwan)