Airless tire market expected to raise $ 77.5 million by 2030: Allied


Portland, OR, December 9, 2021 (GLOBE NEWSWIRE) – According to the report published by Allied Market Research, the airless tire market generated $ 46.1 million in 2020 and is expected to reach $ 77.5 million by 2030, with a CAGR of 5.6% from 2021 to 2030. The report offers a detailed analysis of changing trends in the economy. market, major segments, key investment pockets, value chain, regional landscape, and competitive scenario.

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Coverage and Details of Airless Tire Market Report:

Cover of the report Details
Forecast period 2021-2030
Year of reference 2020
Market size in 2020 $ 46.1 million
Market size in 2030 $ 77.5 million
TCCA 5.6%
Number of pages in report 333
Covered segments Material, vehicle type, sales channel, rim size, region.
Conductors Rising demand for maintenance-free tires
Increased demand for all-terrain and military vehicles
Opportunities Increased adoption of electric vehicles around the world in the coming years
Better recyclability of plastics
Retains Poor performance during friction and high speed scenarios
High capital investment for the establishment of new manufacturing facilities

Covid-19 scenario:

  • There were major challenges such as full capacity manufacturing, working capital management, regulatory and policy changes, supply chain execution, manpower shortage, and liquidity management. and solvency during the pandemic for airless tire manufacturers.
  • Investments in R&D activities have been reduced and the pace of development of new technologies for solid or plastic tires has slowed down.
  • Operational disruptions in the auto industry reduced demand for airless tires during the lockdown. However, demand increased gradually after the containment.

The report offers detailed segmentation of the global airless tire market on the basis of material, vehicle type, sales channel, rim size, and region.

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On the basis of materials, the plastic segment held the highest share in 2020, accounting for almost two-thirds of the total share, and is expected to maintain its leading status during the forecast period. However, the rubber segment is expected to post the highest CAGR of 6.8% from 2021 to 2030.

On the basis of vehicle type, the commercial vehicle segment had the highest share in 2020, contributing around two-fifths of the total global airless tire market share, and is expected to maintain its dominant share over the period. forecast period. However, the passenger and utility vehicle segment is expected to register the highest CAGR of 6.3% from 2021 to 2030.

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Based on region, Asia-Pacific contributed the largest share in 2020, accounting for about a third of the total share, and is expected to maintain its leadership status in terms of revenue by 2030. In addition, this region is estimated to represent the fastest CAGR of 6.2% during the forecast period. The research also analyzes regions such as North America, Europe and LAMEA.

Major market players:

  • Ameritire Corporation
  • Bridgestone Company
  • Continental SA
  • Hankook Tire & Technology Co., Ltd.
  • Michelin
  • Sumitomo Rubber Industries, Ltd.
  • The Goodyear Tire & Rubber Company
  • Toyo Tire Company
  • The Yokohama Rubber Co., Ltd.
  • Trelleborg

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Similar reports we have on the tire industry:

Tire market Vehicle type (passenger car, medium and heavy commercial vehicle, light commercial vehicle, three-wheeled, two-wheeled, off-road) Production size (domestic production, imports) (small, medium, large): analysis of global opportunities and industry forecast, 2020-2030.

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Automotive Tire Market by season type (summer, winter and all seasons), vehicle type (passenger car, commercial vehicle and electric vehicle), rim size (under 15 inches, 15 to 20 inches and over 20 inches) and channel of distribution (OEM and aftermarket): Global opportunity analysis and industry forecast, 2020-2030.

Green tire market By Type (On-Road Tires & Off-Road Tires), By Application (Passenger Cars, Light Commercial Vehicles & Heavy Commercial Cars) – Global Opportunity Analysis and Industry Forecast 2017-2030.

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ATV-UTV Tire Market by type (racing tires, sand tires, mud tires and all-terrain tires), application (all-terrain vehicle (ATV) and all-terrain utility vehicle (UTV)) and vertical sector (agriculture, military, mountaineering and others): Global Opportunity Analysis and Industry Forecast, 2019-2030.

Self Sealing Tire Market By Type (Bias Tires & Radial Tires), Vehicle Type (Passenger Vehicle & Utility Vehicle) and Sales Channel (OEM & Aftermarket): Global Opportunity Analysis and Industry Forecast, 2020-2030.

Tire Pressure Monitoring Systems Market by type (direct tire pressure monitoring system and indirect tire pressure monitoring system), technology (conventional tire pressure monitoring system and intelligent tire pressure monitoring system), vehicle type (Passenger Vehicles, Light Commercial Vehicles, and Heavy Duty Vehicles), and Sales Channel (Original Equipment Manufacturer (OEM) and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2020-2030.

Specialty tire market By Type (Bias Tires, Radial Tires), End User (Agriculture, Construction, Mining, Others) and Sales Channel (Original Equipment Manufacturer (OEM) and Aftermarket): Global Opportunity Analysis and Market Forecast industry, 2021-2030.

About Us

Allied Market Research (AMR) is a full-service market research and business consulting arm of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global businesses as well as medium and small businesses with unmatched quality of “market research reports” and “business intelligence solutions”. AMR has a focused vision to provide business information and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

Pawan Kumar, the CEO of Allied Market Research, leads the organization towards providing high quality data and information. We have professional relationships with various companies, which helps us extract market data which helps us generate accurate research data tables and confirm the highest accuracy in our market forecast. Each of the data presented in the reports we publish is taken from primary interviews with senior officials of the main companies in the field concerned. Our secondary data sourcing methodology includes in-depth online and offline research and discussions with industry-savvy professionals and analysts.


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