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Global Airless Tyres Market: By Type: Radial, Bias; By Material: Rubber, Plastic; By Sales Channel: OEM, Aftermarket; By Vehicle Type: Passenger Vehicles, Commercial Vehicles, Off-Road Vehicles, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Airless Tyres Market Outlook

The global airless tyres market is expected to grow at a CAGR of 5% in the forecast period of 2021-2026.

 

Increasing Demand for Commercial Vehicles to Augment the Airless Tyres Industry Growth

The commercial vehicles segment is expected to see lucrative profits in the forecast period as a result of the ongoing efforts of industry players to introduce airless/non-pneumatic tyres (NPT) for commercial vehicles. For example, in January 2020, Bridgestone, one of the leading industry players, announced the launch of airless tyres for commercial vehicles. These offer higher durability and less wear and tear compared to regular tyres. Thus, the rising demand for tyres to sustain through tough road conditions in heavy-duty vehicles will support the market growth. In addition, increasing focus of tyre manufacturers such as Goodyear and Michelin to build tyres for commercial vehicles and catalyse upon its increasing demand is anticipated to further strengthen the market growth.

 

Global Airless Tyres Market

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North America to Provide Enhanced Growth Opportunities to the Airless Tyres Industry

North America is expected to drive the market demand in the forecast period owing to the roll-out of these tyres in military operations and operational vehicles across the region. Moreover, industrial players in the region remain focused on providing the product for military and defence purposes. For example, Resilient Technologies and Michelin provide these wheels to the U.S. military so that they can travel in uneven and difficult terrain.

 

Airless Tyres: Industry Definition and Segmentation

Airless tyres or flat-free tyres are those that do not need to be supported by air pressure. They are used in small vehicles such as lawn mowers and golf carts. They are also used in heavy equipments such as backhoes, which are required to work in areas such as construction sites, where the risk of tyre piercing is high.

 

Global Airless Tyres Market by Vehicle Type

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By type, the market is bifurcated into:

  • Radial
  • Bias

Based on material, the industry can be segmented into:

  • Rubber
  • Plastic

The market is divided based on sales channel into:

  • OEM
  • Aftermarket

On the basis of vehicle type, the industry can be divided into:

  • Passenger Vehicles
  • Commercial Vehicles
  • Off-Road Vehicles
  • Two Wheelers
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Airless Tyres Market by Region

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Growing Number of Benefits of Airless Tyres Over Pneumatic Tyres to Bolster the Growth of the Airless Tyres Industry

Airless tyres provide improved load-bearing capability, driving performance, and good environmental compatibility. Moreover, consumers are using these tyres to eliminate the need for spare tyres, as well as for the high productivity in applications involving the manufacturing, farming, construction, and mining sectors. Apart from these benefits, airless tyres also have low environmental impact. These tyres can reduce carbon emissions due to the elimination of energy loss in tyre resistance. In addition, the use of recyclable materials to produce these tyres and the efficient use of resources will drive the market demand. All these factors are significantly contributing to the market growth. Also, the increase in need for maintenance-free tyres, especially in military, utility, terrain, and commercial vehicles will continue to positively affect the market size of airless tyres.

Over the forecast period, the growing attention towards agricultural sector is expected to be a key driver for the market, owing to the rising demand for agricultural machinery. Further, the growing technological advancements and the increasing R&D activities will also boost the industry growth. 

 

Key Industry Players in the Global Airless Tyres Market

The report gives a detailed analysis of the following key players in the global airless tyres market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • The Goodyear Tyre & Rubber Company
  • Bridgestone Corporation
  • Michelin North America, Inc.
  • Toyo Tire Corporation
  • Continental AG
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Airless Tyres Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Airless Tyres Historical Market (2016-2020) 
    8.3    Global Airless Tyres Market Forecast (2021-2026)
    8.4    Global Airless Tyres Market by Type
        8.4.1    Radial
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Bias
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
    8.5    Global Airless Tyres Market by Material
        8.5.1    Rubber
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Plastic
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
    8.6    Global Airless Tyres Market by Sales Channel
        8.6.1    OEM
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Aftermarket
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
    8.7    Global Airless Tyres Market by Vehicle Type
        8.7.1    Passenger Vehicles
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Commercial Vehicles
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
        8.7.3    Off-Road Vehicles
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2016-2020)
            8.7.3.3    Forecast Trend (2021-2026)
        8.7.4    Two Wheelers
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2016-2020)
            8.7.4.3    Forecast Trend (2021-2026)
        8.7.5    Others
    8.8    Global Airless Tyres Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country Kingdom
            9.2.3.1    United 
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    The Goodyear Tyre & Rubber Company.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Bridgestone Corporation
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Michelin North America, Inc.,
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Toyo Tire Corporation
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Continental AG
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments


Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirement and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment


List of Figures and Tables

1.    Global Airless Tyres Market: Key Industry Highlights, 2016 and 2026
2.    Global Airless Tyres Historical Market: Breakup by Type (USD Billion), 2016-2020
3.    Global Airless Tyres Market Forecast: Breakup by Type (USD Billion), 2021-2026
4.    Global Airless Tyres Historical Market: Breakup by Material (USD Billion), 2016-2020
5.    Global Airless Tyres Market Forecast: Breakup by Material (USD Billion), 2021-2026
6.    Global Airless Tyres Historical Market: Breakup by Sales Channel (USD Billion), 2016-2020
7.    Global Airless Tyres Market Forecast: Breakup by Sales Channel (USD Billion), 2021-2026
8.    Global Airless Tyres Historical Market: Breakup by Vehicle Type (USD Billion), 2016-2020
9.    Global Airless Tyres Market Forecast: Breakup by Vehicle Type (USD Billion), 2021-2026
10.    Global Airless Tyres Historical Market: Breakup by Region (USD Billion), 2016-2020
11.    Global Airless Tyres Market Forecast: Breakup by Region (USD Billion), 2021-2026
12.    North America Airless Tyres Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    North America Airless Tyres Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Europe Airless Tyres Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Europe Airless Tyres Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Asia Pacific Airless Tyres Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Asia Pacific Airless Tyres Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Latin America Airless Tyres Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Latin America Airless Tyres Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Middle East and Africa Airless Tyres Historical Market: Breakup by Country (USD Billion), 2016-2020
21.    Middle East and Africa Airless Tyres Market Forecast: Breakup by Country (USD Billion), 2021-2026
22.    Global Airless Tyres Market Structure

Key Questions Answered in the Report

The market is projected to grow at a CAGR of 5% between 2021 and 2026.

Major drivers pushing the market include various technological advances and the need for the same in end use sectors and increase in need for maintenance-free tyres, especially in military, utility, terrain, and commercial vehicles, growing technological advancements and the increasing R&D activities.

Key industry trends driving growth include growing attention towards agricultural sector owing to the rising demand for agricultural machinery.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America accounting for the largest share in the market.

Radial and bias are the two dominant types of airless tyres in the industry.

The materials used for the product include rubber and plastic.

The major sales channel segments are OEM and aftermarket.

The major segments in terms of vehicle type are passenger vehicles, commercial vehicles, off-road vehicles and two wheelers, among others.

The major players in the industry are The Goodyear Tyre & Rubber Company, Bridgestone Corporation, Michelin North America, Inc., Toyo Tire Corporation, and Continental AG, among others.

Analyst Review

The global airless tyres market is being driven by the various technological advances. Aided by growing technological advancements and the increasing R&D activities, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 5%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the airless tyres industry can be segmented into radial and bias. On the basis of sales channels, the major channels are OEM and aftermarket. The major segments in terms of vehicle type are passenger vehicles, commercial vehicles, off-road vehicles and two wheelers, among others. The materials used for the product include rubber and plastic. The major regional markets for airless tyres are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the market. The key players in the above market include The Goodyear Tyre & Rubber Company, Bridgestone Corporation, Michelin North America, Inc., Toyo Tire Corporation, and Continental AG, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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