Automotive Airless Tire Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

Published: Jun 2022 Pages: 119 SKU: IRTNTR73822

The automotive airless tire market share is expected to increase to USD 251.06 million from 2021 to 2026, at a CAGR of 4.33%.

This automotive airless tire market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive airless tire market segmentation by material (rubber and plastic) and geography (APAC, Europe, North America, South America, and Middle East and Africa). The automotive airless tire market report also offers information on several market vendors, including Amerityre Corp., Bridgestone Corp., Michelin Group, Toyo Tire Corp., Marathon Industries inc., Sentry Tire and Rubber LLC., The Goodyear Tire and Rubber Co., and Yokohama Rubber Co. Ltd. among others.

What will the Automotive Airless Tire Market Size be During the Forecast Period?

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Automotive Airless Tire Market: Key Drivers, Trends, and Challenges

The performance benefits of using airless tires is notably driving the automotive airless tire market growth, although factors such as price fluctuations of rubber may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive airless tire industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive Airless Tire Market Driver

One of the key factors driving the global automotive airless tire market growth is the performance benefits of using airless tires. Some of the key benefits include:

  • High-speed driving
  • Superior responses while off-roading
  • Better traction for optimum control

The airless tires are usually made of a soft rubber compound to ensure a superior road grip even at high speeds, enabling vehicles to maneuver sharp turns with ease. They also enable a shorter stopping distance to allow improved confidence while braking abruptly. The airless tires enhance the performance of advanced safety systems such as ABS, ESC, TCS, and EBD, among others. Such factors will drive the market growth during the forecast period.

Key Automotive Airless Tire Market Trend

Use of 3-dimensional (3D) printing to reduce manufacturing costs and curb pollution is one of the key automotive airless tire market trends that is expected to impact the industry positively in the forecast period. For instance, in October 2021, MICHELIN developed Unique Puncture-proof Tire System Airless Tire (UPTIS), with 3D printing technology using biodegradable materials. The Michelin VISION concept uses 3D printing to produce airless tweels of biodegradable substances such as orange peel zest. Similarly, the Goodyear Tire and Rubber Company also announced to test tire manufacturing using 3D printing technology on an autonomous truck in Florida, the US. The growing adoption of 3D printing will further support the market growth in the forecast years.

Key Automotive Airless Tire Market Challenge

One of the key challenges to the global automotive airless tire market growth is the price fluctuations of rubber. The fluctuations in rubber prices can create volatility in the prices of associated raw materials and adversely impact industry stakeholders across the value chain. The prices of natural rubber increased by 6.4% YoY in August 2021, which is a divergence from the double-digit trends seen since August 2020. The synthetic rubber prices were up by 30% YoY. The fluctuations in rubber prices have compelled major natural rubber-producing countries to reduce their production capacity. For instance, Thailand has reduced its overall natural rubber output by 200,000 tons. Such factors may challenge the growth of the global automotive airless tire market in the forecast years.

This automotive airless tire market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global automotive airless tires market as a part of the global tires and rubber market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive airless tire market during the forecast period.

Who are the Major Automotive Airless Tire Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Amerityre Corp.
  • Bridgestone Corp.
  • Michelin Group
  • Toyo Tire Corp.
  • Marathon Industries inc.
  • Sentry Tire and Rubber LLC.
  • The Goodyear Tire and Rubber Co.
  • Yokohama Rubber Co. Ltd.

 

This statistical study of the automotive airless tire market encompasses successful business strategies deployed by the key vendors. The automotive airless tire market is concentrated and the vendors are deploying growth strategies such as technological innovation to compete in the market.

Product Insights and News

  • Amerityre Corp. - The company offers airless tires such as Scissor Lift Tires and Hay Baler Tires.
  • Bridgestone Corp. - The company offers automotive airless tires under the brand name Bridgestone. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The automotive airless tire market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Automotive Airless Tire Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the automotive airless tire market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Automotive Airless Tire Market?

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40% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for automotive airless tires in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The significant increase in the demand for automotive airless tires owing to high passenger and commercial vehicle sales in China, South Korea, Japan, Malaysia, and Australia will facilitate the automotive airless tire market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the significant rise in the number of COVID-19 cases led to partial or complete lockdowns in APAC, which adversely impacted manufacturing operations. However, with the initiation of large-scale COVID-19 vaccination drives, the number of COVID-19 cases declined in 2021. Also, the lifting of lockdowns led to the resumption of automotive production activities at a rapid pace in the region in Q3 and Q4 2020. These measures triggered demand for vehicles in 2021, which will, in turn, drive the demand for automotive airless radial tires in the region during the forecast period.

What are the Revenue-generating Material Segments in the Automotive Airless Tire Market?

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The automotive airless tire market share growth by the rubber segment will be significant during the forecast period. Rubber airless tires prevent causing any damage to vehicles from the irregularities in the road surface and protect the airless tires from wear and tear. The major driving factor for the rubber segment in automotive airless tires is the increase in demand for utility vehicles across the world. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive airless tire market size and actionable market insights on post COVID-19 impact on each segment.

 

Automotive Airless Tire Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 4.33%

Market growth 2022-2026

$ 251.06 million

Market structure

Concentrated

YoY growth (%)

4.74

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 40%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Amerityre Corp., Bridgestone Corp., Michelin Group, Toyo Tire Corp., Marathon Industries inc., Sentry Tire and Rubber LLC., The Goodyear Tire and Rubber Co., and Yokohama Rubber Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Automotive Airless Tire Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive automotive airless tire market growth during the next five years
  • Precise estimation of the automotive airless tire market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive airless tire industry across APAC, Europe, North America, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive airless tire market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Material
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Material

    • 5.1 Market segments
      • Exhibit 24: Chart on Material - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Material - Market share 2021-2026 (%)
    • 5.2 Comparison by Material
      • Exhibit 26: Chart on Comparison by Material
      • Exhibit 27: Data Table on Comparison by Material
    • 5.3 Rubber - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Rubber - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Rubber - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Rubber - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Rubber - Year-over-year growth 2021-2026 (%)
    • 5.4 Plastic - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Plastic - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Plastic - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Plastic - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Plastic - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Material
      • Exhibit 36: Market opportunity by Material ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 North America - Market size and forecast 2021-2026
      • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 UK - Market size and forecast 2021-2026
      • Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.12 Japan - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 Amerityre Corp.
              • Exhibit 89: Amerityre Corp. - Overview
              • Exhibit 90: Amerityre Corp. - Product / Service
              • Exhibit 91: Amerityre Corp. - Key offerings
            • 10.4 Bridgestone Corp.
              • Exhibit 92: Bridgestone Corp. - Overview
              • Exhibit 93: Bridgestone Corp. - Business segments
              • Exhibit 94: Bridgestone Corp. - Key news
              • Exhibit 95: Bridgestone Corp. - Key offerings
              • Exhibit 96: Bridgestone Corp. - Segment focus
            • 10.5 Marathon Industries inc.
              • Exhibit 97: Marathon Industries inc. - Overview
              • Exhibit 98: Marathon Industries inc. - Product / Service
              • Exhibit 99: Marathon Industries inc. - Key offerings
            • 10.6 Michelin Group
              • Exhibit 100: Michelin Group - Overview
              • Exhibit 101: Michelin Group - Business segments
              • Exhibit 102: Michelin Group - Key news
              • Exhibit 103: Michelin Group - Key offerings
              • Exhibit 104: Michelin Group - Segment focus
            • 10.7 Sentry Tire and Rubber LLC.
              • Exhibit 105: Sentry Tire and Rubber LLC. - Overview
              • Exhibit 106: Sentry Tire and Rubber LLC. - Product / Service
              • Exhibit 107: Sentry Tire and Rubber LLC. - Key offerings
            • 10.8 The Goodyear Tire and Rubber Co.
              • Exhibit 108: The Goodyear Tire and Rubber Co. - Overview
              • Exhibit 109: The Goodyear Tire and Rubber Co. - Business segments
              • Exhibit 110: The Goodyear Tire and Rubber Co. - Key offerings
              • Exhibit 111: The Goodyear Tire and Rubber Co. - Segment focus
            • 10.9 Toyo Tire Corp.
              • Exhibit 112: Toyo Tire Corp. - Overview
              • Exhibit 113: Toyo Tire Corp. - Business segments
              • Exhibit 114: Toyo Tire Corp. - Key news
              • Exhibit 115: Toyo Tire Corp. - Key offerings
              • Exhibit 116: Toyo Tire Corp. - Segment focus
            • 10.10 Yokohama Rubber Co. Ltd.
              • Exhibit 117: Yokohama Rubber Co. Ltd. - Overview
              • Exhibit 118: Yokohama Rubber Co. Ltd. - Business segments
              • Exhibit 119: Yokohama Rubber Co. Ltd. - Key news
              • Exhibit 120: Yokohama Rubber Co. Ltd. - Key offerings
              • Exhibit 121: Yokohama Rubber Co. Ltd. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 122: Inclusions checklist
                • Exhibit 123: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 124: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 125: Research methodology
                • Exhibit 126: Validation techniques employed for market sizing
                • Exhibit 127: Information sources
              • 11.5 List of abbreviations
                • Exhibit 128: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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