Global Automotive Airless Tire Market

Global Automotive Airless Tire Market Size, Share, Growth Analysis, By Tire Type(Radial Airless Tires, Bias Airless Tires), By Material Type(Passenger Vehicles, Commercial Vehicles), By Sales Channel(Original Equipment Manufacturers (OEMs), Aftermarket), By End-user(Consumer Electronics, Automotive) - Industry Forecast 2024-2031


Report ID: SQMIG25A2276 | Region: Global | Published Date: March, 2024
Pages: 225 | Tables: 118 | Figures: 74

Global Automotive Airless Tire Market Dynamics

Drivers

  • Rising Demand for Maintenance Free Tires

Although pneumatic tires look pneumatic, they are made of durable polyurethane and have saw toothed mechanisms. It has the same bounce and weight as a pneumatic tire, except it doesn’t look like an inflatable tire that no longer requires periodic tire maintenance to keep it pliable the thicker rubber in pneumatic tires provides quiet and smooth rolling with no tubes to absorb significant shock. As a result, pneumatic tires can roll over rocks, gravel and piles of tubes without rolling over. The hard rubber in a pneumatic tire is resistant to chemicals and heat and, unlike pneumatic tires, will not come off or wear out.

  • Advances In Vehicle Safety and Maintenance

Increasing emphasis on vehicle safety and durability is a key factor driving the growth of the global airless automotive tire market. Pneumatic tires, also known as anaerobic tires, have many advantages over traditional pneumatic tires, especially in terms of safety and increased stability Unlike pneumatic tires, inexpensive to avoid the risk of punctures, impacts and pressure accidents. This feature enhances vehicle safety, especially on rough terrain or dangerous driving conditions. Additionally, pneumatic tires are designed to withstand shocks, cuts and abrasions better than conventional tires, reducing tire wear and maintenance time.

Restraints

  • Low Performance During Friction and High-speed Conditions

A pneumatic tire exhibits greater rolling resistance and lower suspension than a pneumatic tire of the same size and shape. Typically, pneumatic tires are filled with compressed polymers (plastics) rather than pneumatic fillers or can be compressed materials. Defects on pneumatic tires vary by application. Fatigue is a problem for operators of heavy equipment operating machines with solid tires. Pneumatic bicycle tires are more difficult to maintain than comparable pneumatic tires. Broken rims on bicycle wheels can be caused by deflated tires. Any pneumatic tire will be heavier than a rubber tire, but many pneumatic rubber tires are just as heavy.

  • Production Complexity and Cost Considerations

One of the most important restraints in the global automotive pneumatic tire market is the challenges associated with mass production and cost optimization. The manufacturing processes for pneumatic tires are more complex and technically demanding compared to conventional pneumatic tires, involving special materials, molds and manufacturing processes These factors help lead to higher manufacturing costs, making pneumatic tires slightly more expensive compared to conventional tires. Furthermore, achieving economic growth in anaerobic tire production remains a challenge due to limited application and market penetration.

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FAQs

Global Automotive Airless Tire Market size was valued at USD 51.41 Million in 2022 and is poised to grow from USD 54.29 Million in 2023 to USD 83.95 Million by 2031, growing at a CAGR of 5.6% in the forecast period (2024-2031).

The competitive environment of the Global Automotive Airless Tire Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. The global automotive airless tire market witnesses a competitive environment in which leading tire manufacturers, automotive OEMs and technical suppliers present Key players operating in the market are actively engaged in R&D efforts to develop tires with the airless technologies being updated and commercialized rapidly. Besides, investments in tire manufacturing facilities, testing infrastructure and distribution networks are key initiatives undertaken by market players to consolidate and expand their market positions in their global footprint. 'Hankook Tire & Technology Co., Ltd. (South Korea)', 'Continental AG (Germany)', 'Pirelli & C. S.p.A. (Italy)', 'Sumitomo Rubber Industries, Ltd. (Japan)', 'Yokohama Rubber Co., Ltd. (Japan)', 'Toyo Tire Corporation (Japan)', 'Nokian Tyres plc (Finland)', 'Cheng Shin Rubber Ind. Co., Ltd. (Taiwan)', 'Cooper Tire & Rubber Company (US)', 'Giti Tire (Singapore)', 'Kumho Tire Co., Inc. (South Korea)', 'Maxxis International (Taiwan)', 'Apollo Tyres Ltd. (India)', 'MRF Tyres (India)', 'Nexen Tire Corporation (South Korea)', 'Hankook Tire Europe GmbH (Germany)', 'CEAT Limited (India)'

Rising Demand for Maintenance Free Tires

Technological Advancements to Boost Sales

Asia Pacific dominated the global market. China is expected to hold the largest market share in the high sales of airless tires in the Asia-Pacific region. Pneumatic tires work similarly to pneumatic tires, the tires are not powered by compressed air but, instead, have steel belts and studs for its performance. Pneumatic tires have many advantages over conventional tires. For example, deflated tires eliminate the risk of punctures or deflation in conventional tires, resulting in poor vehicle performance.

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Global Automotive Airless Tire Market

Product ID: SQMIG25A2276

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