Airless Tires Market Size By Product (Radial, Bias), By Vehicle (Military Vehicles, Passenger & Commercial Vehicles, Terrain Vehicles, Utility Vehicles, Two-wheelers), By Material (Rubber, Plastic), By Sales Channel (OEM, Aftermarket), COVID-19 Impact Ana

Airless Tires Market Size By Product (Radial, Bias), By Vehicle (Military Vehicles, Passenger & Commercial Vehicles, Terrain Vehicles, Utility Vehicles, Two-wheelers), By Material (Rubber, Plastic), By Sales Channel (OEM, Aftermarket), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2022 - 2030

The global airless tires market is anticipated to garner tremendous growth by 2030 driven by ongoing technological advancements in non-pneumatic tires (NPT). Rapidly escalating demand for all-terrain and military vehicles is complementing the demand for these tires.

The advent of autonomous delivery of groceries, food, and other packages is encouraging service providers to ramp up the deployment of robots, which will unlock new opportunities for airless tire manufacturers.

In January 2022, Goodyear Tire & Rubber Company started testing an innovative airless tire compatible with Starship delivery robots. The newly developed non-pneumatic tires are designed to offer an extended tire life with reduced maintenance requirements for Starship’s delivery fleet.

The airless tires market is segmented based on vehicle, material, sales channel, and region.

By vehicle, the industry is categorized into terrain vehicles, utility vehicles, military vehicles, commercial vehicles, and motorcycles. In 2021, airless tires market volume from terrain vehicles was recorded at 16,437 units and is estimated to reach 37,629 units by 2030. Features like improved shock absorbing capabilities and high strength and flexibility are complementing the use of these tires in terrain vehicles.

In terms of material, the airless tires market has been divided into plastic tires and rubber tires. Plastic tires are expected to dominate the industry share with an estimated CAGR of 10.5% through 2030. High market penetration of plastic materials, growing focus on plastic recycling and the development of sustainable materials will foster the industry outlook.

In January 2022, The Goodyear Tire and Rubber Company unveiled a tire made up of 70% sustainable material and would start testing an airless tire on delivery robots at Ohio’s Bowling Green State University.

Based on sales channels, the airless tires industry is fragmented into aftermarket and OEM. Among these, OEM accounts for more than 94% of the total market share and is expected to remain a prominent sales channel for airless tires. OEMs strictly adhere to the safety standards of products and invest heavily in product development and strengthening of the supply chain.

From a regional frame of reference, Europe airless tires market volume is estimated to reach 33,414 units by 2030. The region is home to a large number of golf carts and all-terrain vehicles (ATVs). Airless tires are used with these vehicles that require high-performance parts that can protect the underlying component from damage.

Meanwhile, MEA airless tires market will amass over 9% CAGR through 2030 in view of ongoing technological developments that will offer lucrative opportunities across automobile production and aftermarket products.