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Airless Tire Market Share

Report ID: GMI1390
Published Date: Dec 2024
Report Format: PDF

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Airless Tire Market Share

Airless Tires Company Market Share, 2024

Michelin Group and Goodyear Tire & Rubber collectively held a substantial market share of over 41% in the airless tire industry in 2024, due to a dominance attributed to their early and significant investments in airless tire technology, strategic partnerships, and strong market presence. Michelin Group has been a pioneer in airless tire development, exemplified by its innovative Uptis (Unique Puncture-proof Tire System) prototype.

Developed in collaboration with General Motors, the Uptis is designed for passenger vehicles and aims to eliminate the risk of flat tires, enhancing safety and reducing maintenance. Michelin's commitment to sustainable mobility and its strategy to integrate airless tires into mainstream markets by 2024 have positioned the company as a leader in this segment.

Goodyear Tire & Rubber Company has also made significant strides in airless tire technology. The company has been testing its airless tires globally, focusing on applications such as autonomous passenger vehicles and micro-delivery robots. Goodyear aims to produce the first 100% sustainable material and maintenance-free tire by 2030, reflecting its commitment to innovation and sustainability.

Airless Tire Market Companies

Major players operating in the airless tire industry are:

Amerityre
Bridgestone Corporation
Cheng Shin Rubber Industry Co. Ltd.
Continental AG
Michelin Group
Resilient Technologies
Sumitomo Rubber Industries
Tannus America LLC
The Goodyear Tire & Rubber Company
The Yokohama Rubber Co. Ltd.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of airless tire reached USD 40.2 million in 2024 and is set to grow at a 7.6% CAGR from 2025 to 2034, driven by the rising demand for durable and maintenance-free tires.

The radial segment accounted for over 72% of the market share in 2024 and is expected to exceed USD 62 million by 2034, owing to their superior performance, durability, and cost-effectiveness.

The U.S. market accounted for 84% of the revenue share in 2024 and is expected to exceed USD 21.5 million by 2034, led by its advanced automotive industry and high vehicle ownership rates.

The key players in the industry include Amerityre, Bridgestone Corporation, Cheng Shin Rubber Industry Co. Ltd., Continental AG, Michelin Group, Resilient Technologies, Sumitomo Rubber Industries, Tannus America LLC, The Goodyear Tire & Rubber Company, and The Yokohama Rubber Co. Ltd.