Airless Tires Market Likely to Grow During 2024-2030

Airless Tires market was valued at USD 54.40 Mn in 2023 and is expected to reach USD 80.19 Mn by 2030, at a CAGR of 7.6 % during the forecast period. Definition and Product Overview: Airless tires are also known as non-pneumatic tires or flat-free tires. It is a type of tire that does not rely on air pressure for support. They typically use strong, flexible materials like spokes made of composite materials or polyurethane to maintain their shape. The airless tires offer a promising alternative to traditional pneumatic tires, particularly for applications where puncture resistance and low maintenance are priorities. Its flexibility provides an increase in surface area of contact. They are beneficial for small vehicles like lawnmowers and golf carts because they are less likely to get punctured. They are also used on heavy equipment such as backhoes, which are required to operate on sites like building demolition.