Global Airless Tire Market to Reach $270 Million by 2027, Growing at 5.1% CAGR

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In terms of revenue, the global airless tire market was valued at US$ 173.3 million in 2018 and is projected to reach US$ 270.0 million by 2027; it is expected to grow at a CAGR of 5.1% during the forecast period from 2019 to 2027.

Airless tires, also called non-pneumatic tires (NPT), are an innovative type of wheel design that eliminates the need for compressed air. Instead of relying on inflation, these tires use flexible internal structures such as spokes, honeycombs, or shear beams made from high-strength polymers and composites. This design allows them to support vehicle weight, absorb shocks, and maintain traction, offering durability and reliability even in challenging conditions.

 

Airless Tire Market Growth and Forecast

The global airless tire market is experiencing steady growth as industries increasingly adopt advanced tire technologies to improve vehicle performance and safety. Valued at US$ 173.3 million in 2018, the market is projected to reach US$ 270.0 million by 2027, growing at a CAGR of 5.1% during the forecast period from 2019 to 2027. The key advantages of airless tires reduced puncture risk, lower maintenance requirements, and higher load-bearing capacity are driving adoption across multiple sectors.

 

Market Segmentation by Type, Material, and Vehicle

The market is segmented by tire type, vehicle type, material, and region. In 2018, radial tires dominated the market, owing to their construction where cord plies are arranged radially, allowing the tread and sidewall to function independently. Bias tires, while less common, are still used for specific industrial and specialty applications.

By material, rubber-based airless tires held the largest market share due to their familiarity with conventional pneumatic tires. Meanwhile, composite materials, which combine rubber with polymers or metals, are gaining traction for high-performance applications requiring greater strength and durability.

 

Vehicle Type Insights

The utility vehicle segment led the market in 2018. Utility vehicles, including industrial, agricultural, and construction equipment, benefit significantly from airless tires, which provide superior load-bearing capacity, puncture resistance, and reliability in rugged conditions. Other segments such as terrain vehicles and military vehicles also leverage airless tire technology for enhanced performance in extreme environments.

 

Regional Insights

North America is the largest airless tire market, supported by strong research and development initiatives and the presence of leading tire manufacturers. The United States stands out as both the regional and global leader, driven by government infrastructure initiatives and increasing vehicle production.

The Asia-Pacific (APAC) region is emerging as a key market due to rapid industrial growth in countries like China, India, and JapanEurope follows closely, focusing on innovation, safety, and sustainability in automotive technology. Meanwhile, regions like Middle East & Africa (MEA) and South America (SAM) are witnessing gradual adoption, driven by increasing mechanization in construction, mining, and agriculture.

 

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Market Dynamics and Key Developments

The airless tire market is still in a nascent stage, with both established manufacturers and smaller innovators actively competing for market share. Recent developments highlight ongoing innovation:

  • In 2019, Michelin Tweel Technologies launched a 26-inch airless radial tire with a four-bolt wheel-pattern hub for utility vehicles (UTVs).
  • In 2018, Michelin partnered with General Motors to test the Uptis prototype, aiming to equip passenger cars with airless tires by 2024.
  • In 2017, Toyo Tires introduced “NoAir”, a futuristic airless concept tire that requires no inflation.

 

Key Players in the Global Airless Tire Market

  • Amerityre
  • Bridgestone Corporation
  • Continental Corporation
  • Evolution Wheel
  • Hankook Tire & Technology Co. Ltd.
  • McLaren Industries
  • Michelin
  • Sumitomo Rubber Industries Ltd.
  • The Goodyear Tire & Rubber Company

 

Factors Driving Market Growth

The adoption of airless tires is fueled by urbanization, increasing vehicle production, and technological advancements. Expanding vehicle fleets have heightened the need for safer, more durable tires, as punctures and improper tire pressure can lead to accidents. Heavy equipment and utility vehicles equipped with airless tires can carry larger loads and operate reliably in harsh environments, further boosting market demand.

 

Future Outlook

The future of the airless tire market is promising. Continued innovation in composite materials, smart tire technologies, and sustainable manufacturing is expected to accelerate adoption. Strategic partnerships between tire manufacturers and automotive companies are likely to expand airless tire deployment in passenger vehicles by the mid-2020s. Additionally, growing regulatory emphasis on safety and environmental efficiency is anticipated to further drive market growth, positioning airless tires as a critical component of next-generation transportation solutions.

 

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