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Airless Tire Market Size

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

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Airless Tire Market Size

The global airless tire market size was valued at USD 40.2 million in 2024 and is projected to grow at a CAGR of 7.6% between 2025 and 2034. Airless tires are designed to eliminate common problems associated with traditional pneumatic tires, such as punctures, leaks, and blowouts. This durability appeals particularly to industries like construction, agriculture, and military, where vehicles operate in rugged terrains. Maintenance-free features reduce downtime and overall costs, making them an attractive choice for fleet operators and individual consumers seeking cost-effective, long-term tire solutions.

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For instance, the collaboration between Tesla and Michelin as of August 2024, to introduce airless tire technology in electric vehicles marks a significant step forward in automotive innovation. Tesla, renowned for its groundbreaking innovations in the EV industry, stands to benefit from airless tires in several ways: reduced vehicle weight, improved energy efficiency, and minimized risk of accidents due to tire blowouts.

Airless Tire Market Report Attributes
Report Attribute	Details
Base Year:	2024
Airless Tire Market Size in 2024:	USD 40.2 Million
Forecast Period:	2025 to 2034
Forecast Period 2025 to 2034 CAGR:	7.6%
2034 Value Projection:	USD 157.7 Million
Historical Data for:	2021 – 2024
No. of Pages:	240
Tables, Charts & Figures:	200
Segments covered:	Product, Material, Vehicle, Sales Channel
Growth Drivers:	Rising demand for durable and maintenance-free tires Advancements in tire manufacturing technology Increasing adoption of electric and autonomous vehicles Focus on sustainability and environmental concerns
Pitfalls & Challenges:	High implementation costs Stringent regulations

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Continuous innovation in materials and manufacturing processes, such as the use of advanced polymers and 3D printing, has enhanced the performance and feasibility of airless tires. These technologies have led to better load-bearing capacity, shock absorption, and improved vehicle handling. Such advancements are making airless tires more competitive in terms of performance and cost, driving adoption in both commercial and passenger vehicle markets.

The shift toward electric and autonomous vehicles is fueling the demand for innovative tire solutions. Airless tires, with their ability to support heavy battery loads and require minimal maintenance, align well with the needs of electric vehicles. Autonomous vehicles, which demand enhanced safety and reliability, also benefit from airless tires' puncture-resistant properties. This synergy is encouraging manufacturers to invest in developing airless tires for next-generation transportation.

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.