Global Airless Tires Market Size Analysis, 2018-2028

REPORT ID: BKR651 Domain: Automotive and Logistics Published Date: April 2018

 

 

Global Airless Tires Market Size Analysis

The Global Airless Tires Market Size is estimated to be valued over USD 135 million in 2018 and will register a CAGR of 10.5% to create high revenue opportunity for industry players during the forecast period (2018-2028).

Many new entrants with product level designs were seen in the airless tires market. As safety features has been a key concern, many manufacturers are coming up with the demand for airless tires worldwide. The industry is consolidated, however, will slowly tilt towards fragmentation owing to globalization and emergence of small scale players. Leading companies are aiming high on the market due to changing automotive industry dynamics.

To gain substantial presence in airless tires segment, the companies are tying up with carmakers to ensure long term profitability. The trend is quite prominent in electric vehicle segment. Recently, in 2017, Sumitomo announced its plans to fully commercialize the airless tires segment by 2020. The company is specially gearing up for hybrid and electric vehicles as key end-use segment. Similar such instances is seen across the world. As a result, the industry will be hypercompetitive by mid of the forecast period. As of 2017, airless tires market has its presence in construction machinery, golf carts, lawnmowers, and recreational all-terrain vehicles.

Leading tire manufacturing companies are investing heavily on R&D for development of such tires. Commercialization of product will ensure long term profitability for such players. Michelin, and Bridgestone are two U.S. based companies that are aiming high to capture a major chunk of the regional and global market. As of 2017, the industry is facing issues with high cost of production and R&D spending. The cost would be normalized with increased sales of airless tires worldwide. As such, the industry is capital intensive, however, will be generating high profits in by mid of forecast period.

Global Airless Tires Market Drivers and Challenges

Higher adoption level form heavy vehicles and all-terrain vehicles will fuel the global airless tires market worldwide.  There is a high deployment of such all-terrain vehicles for military purpose. Airless tires will gain significant traction owing to tactical operations. There is high market opportunity for industry players to commercialize the military sector. The trend is similar across Europe and Asia Pacific.

The product feature has gained recognition among carmakers. Airless tires offers high durability and is puncture resistant. This in turn has created positive outlook among consumers. Penetration level will be very high compared to industry standards.

Various companies are already looking up for runflat technology to cut down spare tires and reduce overall weight. One of the major automotive company – Toyota – is gearing up for airless tires to reduce the weight of BEV electric vehicles and boost overall mileage and performance.

Another major company – Bridgestone Corporation announced its plans to offer next-generation bicycle tire by 2019.The move will h help company to gain significant traction and will be able to partner with various companies across the world – thus generating higher ROI post 2020.

Global Airless Tires Market Analysis, By Tire Type

Radial based airless tires market will capture a major chunk of the industry share. This is primarily attributed to rising applications in electric and hybrid vehicles along with in construction and agriculture segment. Much of the sales of radial tires is limited to construction and all-terrain vehicles. Collectively they account for over 83% of total radial tires demand. Radial airless tires will account for over 61% of global share by 2026.

Bias tires will find its usage in heavy duty vehicles including buses and trucks. It will gain significant share in Asia Pacific region. This is primarily attributed to product innovation and integrated logistics market. Sales of bias tires will almost double by 2025.

Global Airless Tires Market Outlook, By Material Type

By material type, global airless tires market is analyzed across rubber based and plastic based airless tires. 3D printed tires is taking up significant traction worldwide and will play a crucial role in overall market expansion. Rubber based tires will grow by 8% to create high revenue opportunity for industry players.

Plastic based tires will capture a major chunk of the share by mid of the forecast period. Leading players are already implementing product development to meet industry aspiration. In 2017, one of the leading tire company – Bridgestone – is developing recycled plastic tires to two wheeler vehicle. Commercialization of such product will greatly enhance the overall sales.

Global Airless Tires Market Revenue, By Sales Channel

As per the estimates, sales of airless tires through OEM will account for over 95% by 2028. The industry is still at its naïve stage and as such whole value chain is concentrated towards up-front scale. Product development will be key driving factors. As such, OEM will be the major source for sales of these tires.

Aftermarket airless tires market will have a very narrow business environment. Since airless tires are meant to be durable and long lasting, aftermarket penetration will be significantly low.

Global Airless Tires Market Size, By Vehicle Type

As of 2017, very little advancement is made in development and commercialization of airless tires for higher speed. All these tires currently suffice the needs for slow moving vehicles – leading to wide scale penetration in construction and military sectors.

Based on vehicle type, global airless tires is segmented into construction machinery, lawnmowers, golf carts, recreational all-terrain vehicles, two wheeler vehicles, and electric vehicles.

Electric vehicle will capture a major chunk of the automotive industry share by 2028. It is expected that over 38% of global airless tires market sales will be in electric vehicles segment.

Global Airless Tires Market Size and Forecast: Regional Analysis

Globally Asia Pacific will dominate the global airless tires market size. The region will account for over 31% market share by 2025. High scale demand will generate from increasing application in hybrid and electric vehicles sales. The automotive industry is tilting towards Asia Pacific. For instance, over 60% pf electric bus industry revenue is generated from China alone. The trend is similar for electric scooters and cars. As such, the region will create significantly higher sales profit for airless tires manufacturers.

North America airless tires market will hold significant share owing to wide scale usage in military and tactical purpose. Collectively, there is wide scale market opportunity for industry players. Companies need to focus on product development as the market is already optimistic of such products. This will help in generating higher ROI.

Global Airless Tires Market Size and Forecast: Competition Landscape

Bridgestone, Goodyear Tire and Rubber Company, Michelin, Sumitomo and Hankook are key airless tires market players. All these players are focusing on product development and entering in partnership with carmakers to ensure higher profit margins and lower risk factors. All these companies have the concept tires – commercialization of which will help companies to generate very lucrative revenue. It is expected that over the time span, many new entrants will emerge in the industry globally.

Airless Tires Market Industry Segmentation

By Tire Type:

  • Bias
  • Radial

By Material Type:

  • Plastics
    • 3D Printed Plastics
    • Recyclable Plastics
  • Rubber

By Sales Channel:

  • OEM
  • Aftermarket

By Vehicle Type:

  • Construction machinery
  • Lawnmowers
  • Golf carts
  • Recreational all-terrain vehicles
  • Two wheeler vehicles,
  • Electric vehicles.

What Will You Discover in the Report?

  • An in-depth analysis of the Airless Tires market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
  • How the Airless Tires market sales is expected to grow throughout the forecast period.
  • How geopolitical policies and technological changes will affect the Airless Tires market in near future
  • Where the stakeholders should invest to generate higher profit margins
  • How consumers (end-users) will reflect to the Airless Tires industry during the forecast period
  • Who are the Airless Tires industry leaders and what are the key initiatives taken by them for long term growth

Who will benefit from the Report?

  • Airless Tires Industry Suppliers
  • Airless Tires Industry Manufacturers
  • Consultants and Analysts
  • Researchers
  • Industry Specialists

Analyst access with Bekryl Market Analysts

Purchasing of Airless Tires market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.

Airless Tires Market Size TOC

  1. Report Structure
  2. Research Methodology
    • Market Engineering Factors Weightage
    • Market Share Methodology
  3. Executive Summary
    • Key Findings
    • Market Engineering Factors
    • Industry Expert Perspectives
  4. Market Definitions
  5. The Global Airless Tires Market Value
    • Overall Market Forecast
    • Airless Tires Growth Outlook, By Segments
    • Airless Tires Growth Scenario, by Region
  6. The Airless Tires Industry Ecosystem
    • Parent Market Overview
    • Industry Value Chain and Distribution Analysis
    • Growth Factor Analysis
    • Key Industry Players By Region
  7. The Airless Tires Industry Dynamics
    • Drivers
    • Challenges
    • Opportunities
    • Mega Trends
    • Geographical Trends
    • Industry Experts Views
    • Merger Acquisition
    • Regulatory Compliances, By Selected Countries
    • Key Industry Developments
  8. The Airless Tires Market Pricing Analysis
    • Airless Tires Product Pricing Forecast
    • Pricing Analysis By Region
    • Pricing Trends
  9. Global Airless Tires Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Industry Predictive Analysis
    • Airless Tires Industry Segment Comparative Ranking Analysis
    • Key Companies Involved and Initiatives
    • Global Industry Opportunity Proposition Analysis
    • Market Share Analysis, (%)
    • Global Airless Tires Market Size and Forecast, (2017-2027)
      • Market Value Forecast (US$ Million)
      • Growth Analysis (Y-o-Y) and Forecast
  1. Global Airless Tires Industry Size and Forecast, By Segments
    • By Tire Type:
      • Bias
      • Radial
    • By Material Type:
      • Plastics
        • 3D Printed Plastics
        • Recyclable Plastics
      • Rubber
    • By Sales Channel:
      • OEM
      • Aftermarket
    • By Vehicle Type:
      • Construction machinery
      • Lawnmowers
      • Golf carts
      • Recreational all-terrain vehicles
      • Two wheeler vehicles,
      • Electric vehicles
  1. North America Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis
    • North America Airless Tires Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
      • North America Airless Tires Market, By Segments (As mentioned in section 10 of TOC)
    • S. Airless Tires Market Size and Forecast, By Segments
    • Canada Airless Tires Market Size and Forecast, By Segments
  2. Latin America Airless Tires Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Regional Countries
    • Latin America (South America) Airless Tires Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
      • Latin America Airless Tires Market, By Segments (As mentioned in section 10 of TOC)
    • Brazil Airless Tires Market Size and Forecast, By Segments
    • Argentina
    • Mexico
    • Rest of Latin America

(Airless Tires industry analysis covered across Latin America countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Western Europe Airless Tires Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Regional Countries
    • Western Europe Airless Tires Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Western Europe Airless Tires Market, By Segments (As mentioned in section 10 of TOC)
    • Germany Airless Tires Market Size and Forecast, By Segments
    • UK
    • France
    • Spain
    • Italy
    • NORDIC
    • Switzerland
    • Rest of Western Europe

(Airless Tires industry analysis covered across Western Europe countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Central and Eastern Europe (CEE) Airless Tires Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Regional Countries
    • Central and Eastern Europe Airless Tires Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Central and Eastern Europe Airless Tires Market, By Segments (As mentioned in section 10 of Airless Tires Market TOC)
    • Russia Airless Tires Market Size and Forecast, By Segments
    • Poland
    • Ukraine
    • Rest of CEE

(Airless Tires industry analysis is covered across Central and Eastern Europe countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Asia Pacific Airless Tires Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Asia Pacific Countries
    • Asia Pacific Airless Tires Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Asia Pacific Airless Tires Market, By Segments (As mentioned in section 10 of TOC)
    • Japan Airless Tires Market Size and Forecast, By Segments
    • China
    • India
    • South Korea
    • Australia
    • ASEAN
    • Rest of Asia Pacific

(Airless Tires industry analysis is covered across Asia Pacific countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Middle East Airless Tires Market Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Middle East Countries
    • Middle East Airless Tires Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Middle East Airless Tires Market, By Segments (As mentioned in section 10 of TOC)
    • GCC Airless Tires Market Size and Forecast, By Segments
    • Israel
    • Rest of Middle East

(Airless Tires industry analysis is covered across Middle East countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Africa Airless Tires Market Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Africa Countries
    • Market Share Analysis, (%)
    • Africa Airless Tires Industry Size and Forecast, (2017-2027)
    • Africa Airless Tires Industry Share (%)
    • Africa Airless Tires Industry Growth Forecast (%)
    • South Africa Airless Tires Market Size and Forecast, By Segments
    • Algeria
    • Nigeria

(Airless Tires industry analysis is covered across Africa countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Airless Tires Market Competitive Landscape
    • Competition Dashboard
    • Funding and Investment
    • Company Market Positioning
    • Marketing Mix Strategies
    • Product Level Strategies
    • Go-to-Market Strategies
    • SWOT Analysis
    • Key Developments, By Companies
    • Company Profiles*
      • Bridgestone,
      • Goodyear Tire and Rubber Company
      • Michelin
      • Sumitomo
      • Hankook
  1. Analyst Opinion
  2. Summary and Conclusion
  3. For more Information, Bekryl can help

*(SWOT, Key Developments, and Strategies are based on individual companies)

To access the detailed Airless Tires industry TOC and sample research pages, download sample.

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Airless Tires Market Report Structure

Airless Tires Industry Dynamics

This section enables Airless Tires industry stakeholders to understand the prevalent market conditions and help them prioritize their investment strategy. Factors that are favorable to Airless Tires market growth is equated with challenges – resulting in proper growth strategy module. Drivers and challenges provide early assessment of current Airless Tires industry trends and keep industry leaders abreast of latest happenings.

This section includes:

  • Market Drivers
  • Market Challenges
  • Airless Tires Industry Trends
  • Airless Tires Value Chain Analysis
  • Marketing Opportunities
  • Regulatory Aspects
  • Airless Tires Industry Experts Market Opinion

 

Industry Analysis, By Segments

Industry stakeholders receive detailed analysis of the Airless Tires industry trends. Anticipate key market trends across market analysis segments with Bekryl Market Analysts model.

Each segment has research framework, essential to understand the market scenario in near future.

Each segment includes:

  • Market Size and Forecast
  • Annual Growth Rate Analysis (AGR)
  • Key Trends, By segments
  • Key Industry Developments
  • Investment Proposition Analysis
  • Potential Addressable Market Analysis
  • Growth Factor, By Segment Analysis

This section helps in understanding the overall demand across end-users. As such, the industry stakeholders are able to minimize the operational cost and take better strategic decisions.

 

Competition Landscape

Keep abreast of key strategies of industry leaders and regional Airless Tires industry players. Company profiles allow industry stakeholders to competitor’s strategic decision and understand how these affect their own business.

This section include:

  • Competition dashboard
  • SWOT Analysis by Companies
  • Go-to-market sales strategy
  • Financial performances subject to listed companies
  • Market Share Analysis
  • Analyst Recommendation

 

Regional Market Analysis

Regional analysis help industry leaders to better understand the dynamics of their current market and determine which regional market their company should target to strengthen their market presence globally. The Airless Tires market report offers industry scenario in 24+ countries. Regional section focus on economic context, regulatory framework, supply demand balance trends and key regional companies engaged in the market.

This section include:

  • Market Size by Country and Region
  • Market Opportunity, By Country and Region
  • Regional Trends
  • Growth Analysis and Forecast

 

Country Profiles

Country profiles help industry leaders to better analyze the market at root level – thereby framing strategies that could add value to the overall organization. This section contains information pertaining to key developments and research framework mapping the potential attractive end-users. Factors are equated with macroeconomic conditions to help leaders minimize operational risks if any

North America Airless Tires Market Size

  • S.
  • Canada

Latin America Airless Tires Market Size

  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America

(*Airless Tires Market value analyzed across each Latin America country)

Western Europe Airless Tires Market Size

  • Germany
  • UK
  • France
  • Switzerland
  • Spain
  • Italy
  • NORDIC
  • Rest of Western Europe

(*Airless Tires Market value analyzed across each Western Europe country)

Central and Eastern Europe Airless Tires Industry Analysis

  • Russia
  • Poland Meat
  • Ukraine Meat
  • Rest of Eastern Europe

(*Airless Tires Market value analyzed across each Central and Eastern Europe country)

Asia Pacific Airless Tires Industry Size

  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN Meat
  • Rest of Asia Pacific

(*Airless Tires Market value analyzed across each Asia Pacific country)

Middle East Airless Tires Industry Size

  • GCC
  • Israel
  • Rest of Middle East

(*Airless Tires Market value analyzed across each Middle East country)

Africa Airless Tires Industry Size

  • South Africa
  • Algeria
  • Nigeria
  • Rest of Africa

Airless Tires Market Research Methodology

Bekryl Market Analysts has earned reputation within the market research and consulting industry for its ability to not only collect and reprint data but also its ability to build upon its extensive models and databases to provide meaningful forecasting and strategic planning services to clients.

Our research analyst and industry experts thoroughly investigates the industry by extensively interviewing the industry leaders and analyzing information from various secondary sources. The information collected is analyzed with the help of analytical tools to offer real time forecast solutions.

Airless Tires Market Growth Forecasting Methodology

In order to prepare historical data and analyze Airless Tires market forecast, Bekryl prepare data for product supply and actual demand from end-use consumers. Through this, we get to know actual demand for Airless Tires market globally. The data collection is done through secondary and primary market research and then a constructive model is developed.

  • Secondary market research involves data collection through various paid publications and government agencies. Various journals and pre-encrypt transcripts is decoded to get the real time data solutions
  • The data collected through secondary research is then validated with the industry experts to minimize the anomaly and reflect key stakeholders opinion in the report.

With the model constructed, the cluttered data collected through different sources is structured with the help of proprietary analytical tools – making us understand the variation happened in the current year compared to historical years. To forecast Airless Tires market revenue, Bekryl Market Analysts takes in consideration the demand growth of the segments. Demand for the product is dependent on end-user spending which is a function of many factors: amongst them macroeconomic strength, price variation and other base factors.

The forecast methodology requires extensive data analysis across countries. Among all the factors, GVA and GDP output is considered as the first set of approximation. Bekryl Market Analysts has developed a demand driven model based on GDP across targeted countries.  Under this, co-relation is analyzed between product and GDP – resulting in a constant GDP-Product coefficient. Higher the coefficient- greater will be the growth rate. For instance, GDP-Product segment coefficient matrix of 3 denotes Airless Tires industry growth is nearly 3.5X to 5.5X higher than the relative GDP.

Besides GDP-Product Coefficient, Bekryl establishes following relation variation for higher predictive analysis.

  • Base Factors Growth Analysis
  • Price Variation Analysis
  • Potential Consumer Mapping

 

Airless Tires Industry Players: Competition Landscape Methodology

Bekryl maps key market players across regions. Financial ratios is taken in consideration along with regional presence and their value chain to understand the company market strength. Thereafter, investment proposition for each company is proposed which gives coefficient matrix value for the company. Industry experts is also reflected in company landscape.

 

   

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