The Airless Tires Market is estimated to be valued at USD 95.89 Billion in 2031
- Ronak Shah
- D.O.C Supplements - Trending News
- Business
- January 23, 2025

A newly published report by Coherent Market Insights reveals a sustainable growth opportunity in the airless tires market. Coherent Market Insights’ analyst projected the airless tires market to be valued at USD 95.89 Bn in 2031. It is expected to exhibit a CAGR of 7.2% over the forecast period of 2024-2031.
Rising demand for low-maintenance tires and the increasing demand for puncture-proof tires is boosting the market growth. Airless tires do not require air pressure and do not puncture easily. This makes the maintenance cost associated with the regular tires substantially low.
Moreover, airless tires have better grip and stability due to the lack of air pressure. The developing automotive industry, especially in developing nations of Asia Pacific and Latin America is creating high demand for durable and long-lasting tires.
Key market trends include the self-inflating tire concept is grabbing a market. The key tire manufacturers are investing in the development of self-inflating airless tire technology. For example, Michelin announced its new Uptis prototype airless tires for passenger vehicles in 2022 after the successful demonstration of this technology. Uptis tires use composite materials in both tread and sidewall that obviates the necessity of internal air pressure.
Developing Sustainable Tires: The growing focus on developing sustainable tires is also propelling market growth. Tire manufacturers are using recycled materials to produce airless tires with a reduced environmental footprint.
Airless Tires Market Opportunities: Based on Rim Size: The market for airless tires is divided, based on the size of the rim, into less than 15 inches, 15 to 20 inches, and more than 20 inches. Of these, in 2023, the segment of 15 to 20 inches held around 40%. Tires with rim sizes between 15 to 20 inches are commonly used in passenger vehicles such as cars and SUVs. Since passenger vehicles dominate the overall vehicle fleet globally, the demand for 15 to 20 inches airless tires is expected to remain high over the forecast period.
By Vehicle Type: The vehicle type segment of the airless tires market includes passenger vehicles, commercial vehicles, and off-road vehicles. Passenger vehicles captured over 60% share of the overall market in 2023. Growing sales of passenger cars worldwide is a key factor driving demand for airless tires suitable for use in passenger vehicles.
Key Market Takeaways: The global airless tires market is anticipated to witness a CAGR of 7.2% during the forecast period 2024-2031. This is driven by benefits such as puncture-proof properties and maintenance-free operations offered by airless tires.
On the basis of rim size, the 15 to 20 inches segment is expected to dominate the market. This is owing to widespread adoption of this tire size in passenger cars.
By vehicle type, passenger vehicles will remain the dominant segment throughout the forecast period. This is due to growing automobile production and sales globally.
North America is anticipated to dominate the regional landscape. This is owing to advanced tire technologies and supportive government policies for eco-friendly vehicles in the region.
Competitor Insights: Key players operating in the airless tires market include Amerityre Corporation, Bridgestone Corporation, Continental AG, Hankook Tire & Technology Co., Sumitomo Rubber Industries, Ltd., The Goodyear Tire & Rubber Company, The Yokohama Rubber Co., Ltd. Toyo Tire Corporation, and Trelleborg AB.
Recent Developments: Hyundai Motor Company and Kia Corporation’s worldwide open innovation platforms, ZER01NE and Hyundai CRADLE, will attend CES 2025 on January 7-10, 2025. This collaborative exhibition demonstrates Hyundai Motor and Kia’s commitment to empowering ZER01NE and CRADLE globally. ZER01NE and Hyundai CRADLE, Hyundai Motor-Kia’s open innovation platforms, strengthen relationships with worldwide startups and speed up technological advancements. More information in full report