Non-Pneumatic Tires Market size was valued at USD 1.15 Billion in 2024 and is projected to reach USD 2.3 Billion by 2033, exhibiting a CAGR of 8.5% from 2026 to 2033.
The global non pneumatic tires market was valued at approximately USD 238 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of around 7.4% from 2023 to 2030. The increasing demand for tire solutions that require less maintenance and provide enhanced durability is driving the market’s growth. The non pneumatic tires market size is expected to reach approximately USD 470 million by 2030. This growth is fueled by rising applications across various industries, including automotive, material handling, and construction, where these tires offer significant advantages over traditional pneumatic tires, such as increased longevity and puncture resistance. Regionally, North America held a significant share of the market in 2022, accounting for over 35% of the total market share. The market in North America is driven by technological advancements and growing demand for durable and maintenance free tire solutions, particularly in the automotive and industrial sectors. Europe followed closely behind, holding around 30% of the market share, with countries like Germany and the UK being key contributors due to their strong automotive industries. The Asia Pacific region is expected to witness the highest growth rate during the forecast period, driven by the increasing automotive production and growing industrial sectors in countries like China and India. Additionally, the Middle East and Africa, along with Latin America, are anticipated to witness moderate growth due to expanding construction activities and demand for cost effective tire alternatives in emerging markets.
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Bridgestone Corporation
Goodyear Tire and Rubber Company
Michelin Inc
Hankook Tire Group
Yokohama Tire Corp.
Resilient Technologies
Crocodile Tyres
Big Tyre
Toyo Tire & Rubber Co. LTD.
Pioneer Corporation
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Non-Pneumatic Tires Market
Automotive
Aerospace
Industrial
Construction
Sports & Recreation
Agricultural Equipment
Solid Non-Pneumatic Tires
Foam-Filled Tires
Resilient Tires
Composite Tires
Airless Tires
OEM (Original Equipment Manufacturer)
Aftermarket
Rental Companies
Fleet Operators
Rubber
Polyurethane
Plastic
Composite Materials
Metals
Online Sales
Retail Stores
Direct Sales
Distributors
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Non-Pneumatic Tires Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Non-Pneumatic Tires Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Non-Pneumatic Tires Market, By Type
6. Global Non-Pneumatic Tires Market, By Application
7. Global Non-Pneumatic Tires Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Non-Pneumatic Tires Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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