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Airless Tires Market

Airless Tires Market Size by Material Type (Rubber and Plastic), Vehicle Type (Passenger Vehicles, Military Vehicles, Commercial Vehicles, Utility Vehicles, All-Terrain Vehicles, Two-Wheelers and Others), Rim Size (Less Than 15 Inches, 15-20 Inches and More Than 20 Inches), Sales Channel (Original Equipment Manufacturers and Aftermarket), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2023 to 2032

Base Year: 2022 Historical Data: 2019-21
  • Report ID: TBI-13454
  • Published Date: May, 2023
  • Pages: 235
  • Category: Automotive & Transportation
  • Format: PDF
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The global airless tires market was valued at USD 50 million in 2022 and grew at a CAGR of 7% from 2023 to 2032. The market is expected to reach USD 98.35 million by 2032. The increasing demand for passenger vehicles in developing nations will grow the global airless tires market.

Market Introduction:

Vehicles have several components. Each component has a distinct purpose and is merged with the others to form an effective vehicle. One such element is the tires. They help a vehicle get its weight from the axle to the ground and give it traction. They round the rim of the wheel and have the shape of rings. Compressed air is generally present in tires. A good tire can affect a car's lifespan, fuel economy, and engine performance. A good tire helps with fuel economy, offers longer life, and has improved durability, strength, and stability. The users experience a comfortable ride. Market participants are creating advanced tires due to technical developments and product innovations. One such innovation that is gaining popularity in the automotive market is airless tires. Tires not supported by air pressure are referred to as airless tires. They are also known as non-pneumatic tires. They can be applied to small vehicles or heavy machinery that operate in environments with a significant risk of tire punctures. The primary benefit of airless tires is that the vehicle will never experience a flat tire. There will be no tire spillage. The need to carry an extra tire is eliminated. Their production requires less raw material and energy, which saves production costs for the manufacturers. They reduce CO2 emissions and tire scrap generated. They are practically no to low maintenance.

Airless Tires Market Size

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Recent Development
  • January 2023: The first-ever on-road trials for the Michelin UPTIS airless tire were conducted in partnership with DHL. According to the agreement, by the end of 2023, almost 50 DHL Express vehicles will start using the new tires to conduct last-mile deliveries in Singapore. Starting on January 10, the first vehicles will make their maiden delivery runs as part of the experimental programme. The Michelin UPTIS prototype is a puncture-proof wheel/tire combination that lacks compressed air. A ground-breaking structure capable of supporting the vehicle has replaced the air. This ensures the wheel's durability and the driver's comfort and safety. The amount of tires that are scrapped because of punctures is also reduced.
  • April 2023: The Uptis airless tire from Michelin has been tested successfully at up to 130 mph speeds. The high-speed testing was done at the behest of European law enforcement organizations. The Uptis tires were tested on 30 Toyota HiAce DHL delivery vans in Singapore this year and on the Chevrolet Bolt in 2019 to see how well they performed on somewhat slow-moving delivery vehicles. The business also disclosed that Michelin and Tesla have discussed testing the Uptis tires. They are also conversing with General Motors and other automakers to determine what kinds of applications would be appropriate.

Market Dynamics:

Drivers

The increasing demand for maintenance-free vehicles – The rising global population facilitates the increasing consumer demand for automobiles. The rise in disposable income also augments the increasing demand for cars worldwide. Technological advancements and innovations are improving fuel efficiency, engine performance, sustainability and life-cycle of the vehicles. All the new advancements have enabled manufacturers to reduce costs, thereby offering greater choices to consumers while improving the accessibility and affordability of products in the automotive sector. With the increasing demand for electric and hybrid electric vehicles, new market players are entering the market, increasing competition. The increase in competition facilitates greater research and development expenditure to provide customers with the best products. The increasing demand for low-maintenance or maintenance-free vehicles, with low recurring costs and fewer repairs, has encouraged the development and use of airless tires in most vehicles globally. Therefore, the increasing demand for maintenance-free vehicles will drive the global airless tires market's growth.

Restraints:

The high cost of airless tires – Airless tires are more expensive than conventional tires. While the long-term cost of airless tires is lesser than conventional tires, the lack of awareness among consumers drives down the demand for airless tires. Furthermore, the familiarity and comfort with conventional tires among consumers negatively impact the global airless tires market's growth and development.

Opportunities:

Airless tires positively impact the environment – producing airless tires utilizes fewer raw materials than conventional tires. Additionally, the energy utilized is also comparatively less when producing airless tires. The reduced use of raw materials and energy decreases the carbon dioxide emission in the environment. Furthermore, the airless tires will produce less scrap wastage considering the reduced risk of damage or punctures. Airless tires also reduce wear and tear caused by over or under-inflation of tires. Technological advancements aimed at increasing the recyclability of plastic tires will also offer lucrative market opportunities in the global airless tires industry during the forecast period.

Regional segmentation analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia Pacific emerged as the largest global airless tires market, with a 43% market revenue share in 2022.

Asia Pacific region will account for the largest market share with revenue growth. India is witnessing a significant rise in the population along with a potential demographic dividend. The young income-earning population of the country is driving the demand for passenger cars and two-wheelers. The rapid industrialization of the region is also increasing the demand for utility vehicles. The Chinese market is a significant producer and consumer of electric vehicles. Similarly, the growing presence of gig platforms is increasing the demand for vehicles. The increasing expenditure on urban mobility solutions by the governments is driving the commercial vehicles demand. The significant demand for vehicles in the region will drive the airless tires market growth in the forecast period.

Asia Pacific Region Airless Tires Market Share in 2022 - 43%

 

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Material type Segment Analysis

The material type segment is divided into rubber and plastic. The rubber segment dominated the market, with a market share of around 62% in 2022. A tire that wraps a rubber ring around an automobile wheel's rim is defined as a rubber tire. Rubber is predominantly used in automobiles, given its high tensile strength, resilience, and tear and abrasion resistance. They facilitate smooth rides even on off-road surfaces. They have high shock absorption capacity, which reduces damage to automotive equipment. The rim fixation prevents tire spillage. They are easy to maintain, repair and replace. They are tried and tested materials in the automotive industry. It offers greater stabilization to the vehicle.

  • Bridgestone and Idemitsu Kosan Co. in Japan will test the former's airless tires using a small electric vehicle driven by the latter to determine whether the resin spokes of springy tires that do not require air inflation can support tire technology in the future. The introduction of airless bicycle tires, which Bridgestone's 'Air Free Concept' started as a patented concept in 2011, has tired with a rubber lining on the exterior and an inside loaded with spokes. The drivers are kept from being thrown from their seats when they ride too rapidly because the tires follow the uneven curves as they wheel over rough and speed bumps.
Vehicle Type Segment Analysis

The vehicle type segment is divided into passenger vehicles, military vehicles, commercial vehicles, utility vehicles, all-terrain vehicles, two-wheelers and others. The utility vehicles segment dominated the market, with a market share of around 35% in 2022. A utility vehicle is usually created for heavy-duty transportation of people and freight. They are more effective than passenger cars with greater space, broader tires, powerful engines and other advanced features. They are also used on a smaller scale. The increasing commercialization and industrialization have contributed to the rising demand for transportation and logistics, which will benefit the segment's growth. Additionally, the growing presence of utility vehicle manufacturers with a greater choice of products accessible to customers and affordable costing propels the segment's growth. Furthermore, the market players are innovating new technologies to improve their product quality in fuel efficiency, engine performance, smoother rides and fewer maintenance requirements, all of which will augment the segment's growth.

Rim Size Segment Analysis

The rim size segment is divided into less than 15 inches, 15-20 inches and more than 20 inches. The more than 20 inches segment dominated the market, with a market share of around 55% in 2022. Larger rim sizes are preferred, given their greater stability with their larger area coverage. The breaking time is also reduced significantly with large rims. Larger rims offer greater traction, improved handling and braking. They are also aesthetically more appealing to consumers. The greater control offered by more than 20 inches rim size is one of the most significant factors contributing to its dominance in the segment.

Sales Channel Segment Analysis

The end-user segment is divided into original equipment manufacturers and aftermarket. The original equipment manufacturers segment dominated the market, with a market share of around 70% in 2022. An original equipment manufacturer is a business that produces and sells goods to other businesses. These businesses then use these goods or components to make their final products, which they brand under their company name and sell to the final consumers. Original equipment manufacturers are predominantly found in the automotive sector. They are trusted business partners and offer clients expertise and the best quality products. They can mass produce good quality products in lesser time with better costs and minimum downtime. The significant presence of OEM and trusted partnerships with automobile manufacturers explain the segment's dominance in the market.

Some of the Key Market Players:
  • Amerityre Corporation
  • Bridgestone Corporation
  • Continental AG
  • Hankook Tire & Technology Co., Ltd.
  • Michelin
  • Sumitomo Rubber Industries, Ltd.
  • The Goodyear Tire & Rubber Company
  • The Yokohama Rubber Co., Ltd.
  • Toyo Tire Corporation
  • Trelleborg AB

Report Description: 

Attribute Description
Market Size Revenue (USD Million)
Market size value in 2022 USD 50 Million
Market size value in 2032 USD 98.35 Million
CAGR (2023 to 2032) 7%
Historical data 2019-2021
Base Year 2022
Forecast 2023-2032
Regional Segments The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
Segments Material Type, Vehicle Type, Rim Size, Sales Channel

Frequesntly Asked Questions

As per The Brainy Insights, the size of the global airless tires market was valued at USD 50 million in 2022 to USD 98.35 million by 2032.

Global airless tires market is growing at a CAGR of 7% during the forecast period 2023-2032.

The market's growth will be influenced by the increasing demand for maintenance-free vehicles.

The high cost of airless tires could hamper the market growth.

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1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis by Material Type
          4.3.2. Market Attractiveness Analysis by Vehicle Type
          4.3.3. Market Attractiveness Analysis by Rim Size
          4.3.4. Market Attractiveness Analysis by Sales Channel
          4.3.5. Market Attractiveness Analysis by Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. The increasing demand for maintenance-free vehicles
    5.3. Restraints
          5.3.1. The high cost of airless tires
    5.4. Opportunities
          5.4.1. Airless tires positively impact the environment
    5.5. Challenges
          5.5.1. The market demand fluctuations in the automotive sector

6. Global Airless Tires Market Analysis and Forecast, By Material Type
    6.1. Segment Overview
    6.2. Rubber
    6.3. Plastic

7. Global Airless Tires Market Analysis and Forecast, By Vehicle Type
    7.1. Segment Overview
    7.2. Passenger Vehicles
    7.3. Military Vehicles
    7.4. Commercial Vehicles
    7.5. Utility Vehicles
    7.6. All-Terrain Vehicles
    7.7. Two-Wheelers
    7.8. Others

8. Global Airless Tires Market Analysis and Forecast, By Rim Size
    8.1. Segment Overview
    8.2. Less Than 15 Inches
    8.3. 15-20 Inches
    8.4. More Than 20 Inches

9. Global Airless Tires Market Analysis and Forecast, By Sales Channel
    9.1. Segment Overview
    9.2. Original Equipment Manufacturers
    9.3. Aftermarket

10. Global Airless Tires Market Analysis and Forecast, By Regional Analysis
    10.1. Segment Overview
    10.2. North America
          10.2.1. U.S.
          10.2.2. Canada
          10.2.3. Mexico
    10.3. Europe
          10.3.1. Germany
          10.3.2. France
          10.3.3. U.K.
          10.3.4. Italy
          10.3.5. Spain
    10.4. Asia-Pacific
          10.4.1. Japan
          10.4.2. China
          10.4.3. India
    10.5. South America
          10.5.1. Brazil
    10.6. Middle East and Africa
          10.6.1. UAE
          10.6.2. South Africa

11. Global Airless Tires Market-Competitive Landscape
    11.1. Overview
    11.2. Market Share of Key Players in the Airless Tires Market
          11.2.1. Global Company Market Share
          11.2.2. North America Company Market Share
          11.2.3. Europe Company Market Share
          11.2.4. APAC Company Market Share
    11.3. Competitive Situations and Trends
          11.3.1. Product Launches and Developments
          11.3.2. Partnerships, Collaborations, and Agreements
          11.3.3. Mergers & Acquisitions
          11.3.4. Expansions

12. Company Profiles
    12.1. Amerityre Corporation
          12.1.1. Business Overview
          12.1.2. Company Snapshot
          12.1.3. Company Market Share Analysis
          12.1.4. Company Product Portfolio
          12.1.5. Recent Developments
          12.1.6. SWOT Analysis
    12.2. Bridgestone Corporation
          12.2.1. Business Overview
          12.2.2. Company Snapshot
          12.2.3. Company Market Share Analysis
          12.2.4. Company Product Portfolio
          12.2.5. Recent Developments
          12.2.6. SWOT Analysis
    12.3. Continental AG
          12.3.1. Business Overview
          12.3.2. Company Snapshot
          12.3.3. Company Market Share Analysis
          12.3.4. Company Product Portfolio
          12.3.5. Recent Developments
          12.3.6. SWOT Analysis
    12.4. Hankook Tire & Technology Co., Ltd.
          12.4.1. Business Overview
          12.4.2. Company Snapshot
          12.4.3. Company Market Share Analysis
          12.4.4. Company Product Portfolio
          12.4.5. Recent Developments
          12.4.6. SWOT Analysis
    12.5. Michelin
          12.5.1. Business Overview
          12.5.2. Company Snapshot
          12.5.3. Company Market Share Analysis
          12.5.4. Company Product Portfolio
          12.5.5. Recent Developments
          12.5.6. SWOT Analysis
    12.6. Sumitomo Rubber Industries, Ltd.
          12.6.1. Business Overview
          12.6.2. Company Snapshot
          12.6.3. Company Market Share Analysis
          12.6.4. Company Product Portfolio
          12.6.5. Recent Developments
          12.6.6. SWOT Analysis
    12.7. The Goodyear Tire & Rubber Company
          12.7.1. Business Overview
          12.7.2. Company Snapshot
          12.7.3. Company Market Share Analysis
          12.7.4. Company Product Portfolio
          12.7.5. Recent Developments
          12.7.6. SWOT Analysis
    12.8. The Yokohama Rubber Co., Ltd.
          12.8.1. Business Overview
          12.8.2. Company Snapshot
          12.8.3. Company Market Share Analysis
          12.8.4. Company Product Portfolio
          12.8.5. Recent Developments
          12.8.6. SWOT Analysis
    12.9. Toyo Tire Corporation
          12.9.1. Business Overview
          12.9.2. Company Snapshot
          12.9.3. Company Market Share Analysis
          12.9.4. Company Product Portfolio
          12.9.5. Recent Developments
          12.9.6. SWOT Analysis
    12.10. Trelleborg AB
          12.10.1. Business Overview
          12.10.2. Company Snapshot
          12.10.3. Company Market Share Analysis
          12.10.4. Company Product Portfolio
          12.10.5. Recent Developments
          12.10.6. SWOT Analysis

List of Table

1. Global Airless Tires Market, By Material Type, 2019-2032 (USD Million) 

2. Global Rubber Airless Tires Market, By Region, 2019-2032 (USD Million) 

3. Global Plastic Airless Tires Market, By Region, 2019-2032 (USD Million) 

4. Global Airless Tires Market, By Vehicle Type, 2019-2032 (USD Million) 

5. Global Passenger Vehicles Airless Tires Market, By Region, 2019-2032 (USD Million) 

6. Global Military Vehicles Airless Tires Market, By Region, 2019-2032 (USD Million) 

7. Global Commercial Vehicles Airless Tires Market, By Region, 2019-2032 (USD Million) 

8. Global Utility Vehicles Airless Tires Market, By Region, 2019-2032 (USD Million) 

9. Global All-Terrain Vehicles Airless Tires Market, By Region, 2019-2032 (USD Million) 

10. Global Two-Wheelers Airless Tires Market, By Region, 2019-2032 (USD Million) 

11. Global Others Airless Tires Market, By Region, 2019-2032 (USD Million) 

12. Global Airless Tires Market, By Rim Size, 2019-2032 (USD Million) 

13. Global Less Than 15 Inches Airless Tires Market, By Region, 2019-2032 (USD Million) 

14. Global 15-20 Inches Airless Tires Market, By Region, 2019-2032 (USD Million) 

15. Global More Than 20 Inches Airless Tires Market, By Region, 2019-2032 (USD Million) 

16. Global Airless Tires Market, By Sales Channel, 2019-2032 (USD Million) 

17. Global Original Equipment Manufacturers Airless Tires Market, By Region, 2019-2032 (USD Million) 

18. Global Aftermarket Airless Tires Market, By Region, 2019-2032 (USD Million) 

19. Global Airless Tires Market, By Region, 2019-2032 (USD Million) 

20. North America Airless Tires Market, By Material Type, 2019-2032 (USD Million) 

21. North America Airless Tires Market, By Vehicle Type, 2019-2032 (USD Million) 

22. North America Airless Tires Market, By Rim Size, 2019-2032 (USD Million) 

23. North America Airless Tires Market, By Sales Channel, 2019-2032 (USD Million) 

24. U.S. Airless Tires Market, By Material Type, 2019-2032 (USD Million) 

25. U.S. Airless Tires Market, By Vehicle Type, 2019-2032 (USD Million) 

26. U.S. Airless Tires Market, By Rim Size, 2019-2032 (USD Million) 

27. U.S. Airless Tires Market, By Sales Channel, 2019-2032 (USD Million) 

28. Canada Airless Tires Market, By Material Type, 2019-2032 (USD Million) 

29. Canada Airless Tires Market, By Vehicle Type, 2019-2032 (USD Million) 

30. Canada Airless Tires Market, By Rim Size, 2019-2032 (USD Million) 

31. Canada Airless Tires Market, By Sales Channel, 2019-2032 (USD Million) 

32. Mexico Airless Tires Market, By Material Type, 2019-2032 (USD Million) 

33. Mexico Airless Tires Market, By Vehicle Type, 2019-2032 (USD Million) 

34. Mexico Airless Tires Market, By Rim Size, 2019-2032 (USD Million) 

35. Mexico Airless Tires Market, By Sales Channel, 2019-2032 (USD Million) 

36. Europe Airless Tires Market, By Material Type, 2019-2032 (USD Million) 

37. Europe Airless Tires Market, By Vehicle Type, 2019-2032 (USD Million) 

38. Europe Airless Tires Market, By Rim Size, 2019-2032 (USD Million) 

39. Europe Airless Tires Market, By Sales Channel, 2019-2032 (USD Million) 

40. Germany Airless Tires Market, By Material Type, 2019-2032 (USD Million) 

41. Germany Airless Tires Market, By Vehicle Type, 2019-2032 (USD Million) 

42. Germany Airless Tires Market, By Rim Size, 2019-2032 (USD Million) 

43. Germany Airless Tires Market, By Sales Channel, 2019-2032 (USD Million) 

44. France Airless Tires Market, By Material Type, 2019-2032 (USD Million) 

45. France Airless Tires Market, By Vehicle Type, 2019-2032 (USD Million) 

46. France Airless Tires Market, By Rim Size, 2019-2032 (USD Million) 

47. France Airless Tires Market, By Sales Channel, 2019-2032 (USD Million) 

48. U.K. Airless Tires Market, By Material Type, 2019-2032 (USD Million) 

49. U.K. Airless Tires Market, By Vehicle Type, 2019-2032 (USD Million) 

50. U.K. Airless Tires Market, By Rim Size, 2019-2032 (USD Million) 

51. U.K. Airless Tires Market, By Sales Channel, 2019-2032 (USD Million) 

52. Italy Airless Tires Market, By Material Type, 2019-2032 (USD Million) 

53. Italy Airless Tires Market, By Vehicle Type, 2019-2032 (USD Million) 

54. Italy Airless Tires Market, By Rim Size, 2019-2032 (USD Million) 

55. Italy Airless Tires Market, By Sales Channel, 2019-2032 (USD Million) 

56. Spain Airless Tires Market, By Material Type, 2019-2032 (USD Million) 

57. Spain Airless Tires Market, By Vehicle Type, 2019-2032 (USD Million) 

58. Spain Airless Tires Market, By Rim Size, 2019-2032 (USD Million) 

59. Spain Airless Tires Market, By Sales Channel, 2019-2032 (USD Million) 

60. Asia Pacific Airless Tires Market, By Material Type, 2019-2032 (USD Million) 

61. Asia Pacific Airless Tires Market, By Vehicle Type, 2019-2032 (USD Million) 

62. Asia Pacific Airless Tires Market, By Rim Size, 2019-2032 (USD Million) 

63. Asia Pacific Airless Tires Market, By Sales Channel, 2019-2032 (USD Million) 

64. Japan Airless Tires Market, By Material Type, 2019-2032 (USD Million) 

65. Japan Airless Tires Market, By Vehicle Type, 2019-2032 (USD Million) 

66. Japan Airless Tires Market, By Rim Size, 2019-2032 (USD Million) 

67. Japan Airless Tires Market, By Sales Channel, 2019-2032 (USD Million) 

68. China Airless Tires Market, By Material Type, 2019-2032 (USD Million) 

69. China Airless Tires Market, By Vehicle Type, 2019-2032 (USD Million) 

70. China Airless Tires Market, By Rim Size, 2019-2032 (USD Million) 

71. China Airless Tires Market, By Sales Channel, 2019-2032 (USD Million) 

72. India Airless Tires Market, By Material Type, 2019-2032 (USD Million) 

73. India Airless Tires Market, By Vehicle Type, 2019-2032 (USD Million) 

74. India Airless Tires Market, By Rim Size, 2019-2032 (USD Million) 

75. India Airless Tires Market, By Sales Channel, 2019-2032 (USD Million) 

76. South America Airless Tires Market, By Material Type, 2019-2032 (USD Million) 

77. South America Airless Tires Market, By Vehicle Type, 2019-2032 (USD Million) 

78. South America Airless Tires Market, By Rim Size, 2019-2032 (USD Million)

79. South America Airless Tires Market, By Sales Channel, 2019-2032 (USD Million)

80. Brazil Airless Tires Market, By Material Type, 2019-2032 (USD Million) 

81. Brazil Airless Tires Market, By Vehicle Type, 2019-2032 (USD Million) 

82. Brazil Airless Tires Market, By Rim Size, 2019-2032 (USD Million) 

83. Brazil Airless Tires Market, By Sales Channel, 2019-2032 (USD Million)

84. Middle East and Africa Airless Tires Market, By Material Type, 2019-2032 (USD Million) 

85. Middle East and Africa Airless Tires Market, By Vehicle Type, 2019-2032 (USD Million) 

86. Middle East and Africa Airless Tires Market, By Rim Size, 2019-2032 (USD Million) 

87. Middle East and Africa Airless Tires Market, By Sales Channel, 2019-2032 (USD Million)

88. UAE Airless Tires Market, By Material Type, 2019-2032 (USD Million) 

89. UAE Airless Tires Market, By Vehicle Type, 2019-2032 (USD Million) 

90. UAE Airless Tires Market, By Rim Size, 2019-2032 (USD Million) 

91. UAE Airless Tires Market, By Sales Channel, 2019-2032 (USD Million)

92. South Africa Airless Tires Market, By Material Type, 2019-2032 (USD Million) 

93. South Africa Airless Tires Market, By Vehicle Type, 2019-2032 (USD Million) 

94. South Africa Airless Tires Market, By Rim Size, 2019-2032 (USD Million) 

95. South Africa Airless Tires Market, By Sales Channel, 2019-2032 (USD Million) 

List of Figures 

1. Global Airless Tires Market Segmentation

2. Airless Tires Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Airless Tires Market Attractiveness Analysis by Material Type

9. Global Airless Tires Market Attractiveness Analysis by Vehicle Type

10. Global Airless Tires Market Attractiveness Analysis by Rim Size

11. Global Airless Tires Market Attractiveness Analysis by Sales Channel

12. Global Airless Tires Market Attractiveness Analysis by Region

13. Global Airless Tires Market: Dynamics

14. Global Airless Tires Market Share by Material Type (2022 & 2032)

15. Global Airless Tires Market Share by Vehicle Type (2022 & 2032)

16. Global Airless Tires Market Share by Rim Size (2022 & 2032)

17. Global Airless Tires Market Share by Sales Channel (2022 & 2032)

18. Global Airless Tires Market Share by Regions (2022 & 2032)

19. Global Airless Tires Market Share by Company (2022)

This study forecasts revenue at global, regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the global airless tires market based on below mentioned segments:

Global Airless Tires Market by Material Type:

  • Rubber
  • Plastic

Global Airless Tires Market by Vehicle Type:

  • Passenger Vehicles
  • Military Vehicles
  • Commercial Vehicles
  • Utility Vehicles
  • All-Terrain Vehicles
  • Two-Wheelers
  • Others

Global Airless Tires Market by Rim Size:

  • Less Than 15 Inches
  • 15-20 Inches
  • More Than 20 Inches

Global Airless Tires Market by Sales Channel:

  • Original Equipment Manufacturers
  • Aftermarket

Global Airless Tires Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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