Airless Tires Market to hit USD 85 Mn by 2032, says this GMI report

The latest study conducted by Global Market Insights Inc. claims that the ** global airless tires market size ** could exceed USD 85 million by 2032. The advent of autonomous mobility and electric vehicles has transformed tire requirements, owing to which airless tires are touted to be the tire technology of the future. However, airless tires—also referred to as non-pneumatic tires or flat-free tires – are a modern concept that eliminates the need to maintain air-inflated tires.

Compared to traditional tires, airless tires are more environment-friendly, reliable, and durable. Additionally, with the rapid advancement in vehicle designs and surging adoption of EVs, tire manufacturers are attempting to advance airless tire technology to meet the rising demand for more efficient tires, which is expected to propel industry growth.

Surging demand for all terrain and military vehicles, mounting commercial and military vehicle sales, and the increasing presence of technology providers are identified as some major growth factors.

Some of the fields available in report -

Highlighting some of the major trends streamlining airless tires industry growth through 2032

** Growing inclination towards sustainable alternatives ** The production process and usage of airless tires are more sustainable than pneumatic tires. Ongoing efforts by manufacturers to enhance the development of air-free concept tires to commercialize their use in various vehicles are projected to drive market revenue. For instance, in January 2023, Michelin and DHL Express collaborated to test Michelin UPTIS puncture-proof tires by deploying them in over 50 vans of DHL Express to conduct last-mile deliveries across Singapore. This enabled DHL to optimize fleet efficiency and maintain business continuity by using the Michelin UPTIS tire, which reduces tire pressure concerns and punctures. The frequency of tire replacement will decrease, resulting in less waste.

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** Increasing preference for low-maintenance tires**

The improved durability of air-free tires proves to be advantageous for any application that has high tire consumption due to difficult road conditions and high operating expenses resulting from punctures and low tire pressure. Since airless tires don't have a tube, they cannot go flat, which makes them a safer alternative. In addition, there is no need for regular checks and adjustments, saving the drivers time and effort. The absence of air pressure renders a spare tire unnecessary, further lowering the overall vehicle weight while freeing up additional storage space, which is foreseen to benefit the airless tires market.

** High demand for airless ATV tires **

The interlocking tread design of airless tires offers enhanced grip and better traction on muddy and rocky terrains as well as exceptional handling on solid roads and is thus gaining significant traction among all-terrain vehicle (ATV) owners. The development of airless tires with novel technologies specifically designed for ATV vehicles to travel safely, while enhancing the vehicle's fuel efficiency, is driving product demand. For instance, in September 2022, Hankook Tyre, a leading tire manufacturer, unveiled i-Flex, a non-pneumatic tire (NPT) concept developed for off-road travel by autonomous vehicles at the Defense & Security Expo Korea.

** Rising adoption of EVs in Europe**

Since airless tires have a lower rolling resistance, they are highly preferred by EV manufacturers, as they help preserve battery power. The adverse influence of the coronavirus pandemic, along with the Russia-Ukraine war, increasing inflation, and rocketing energy and gasoline costs, led to a decline in car sales in 2022. However, according to data provided by the European Automobile Manufacturers Association, the sales of electric vehicles remained steady and set a record in the EU, thereby contributing to the airless tires market revenue growth.

Some leading firms operating in the airless tires industry are Bridgestone Corporation, Resilient Technologies, LLC., Toyo Tires, Hankook Tires, Goodyear Tire & Rubber Corporation, the Michelin Group, and Sumitomo Rubber Industries. These companies are focused on implementing several business strategies to expand their global footprint.

While airless tires may not entirely replace pneumatic tires soon, they have become an ideal substitute with several benefits. As the technology evolves and overcomes its existing limitations, airless tires will be extensively utilized across a wide range of applications, from commercial and off-road vehicles to urban autonomous fleets, which will strengthen the airless tires market outlook in the coming years.

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