Market Overview:
The global non-pneumatic tires market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for fuel-efficient and environment-friendly vehicles. Non-pneumatic tires are made of rubber, plastic, or other materials and do not require air pressure to function. This makes them ideal for use in vehicles that operate in difficult terrains or conditions where maintaining air pressure is difficult or impossible. They are also less likely to burst than pneumatic tires, making them safer for use in high-speed applications such as motorbikes and bicycles. The growing popularity of electric vehicles is also expected to boost the demand for non-pneumatic tires in the coming years.
Product Definition:
Non-pneumatic tires are a type of tire that does not use air as the medium to create pressure and support the weight of a vehicle. This type of tire is made from rubber, plastic, or other similar materials and is inflated with compressed gas or liquid. Non-pneumatic tires are commonly used in industrial and agricultural settings where there may be no access to an air compressor or other means of inflation.
Multi Utility Types:
Multi utility types are a group of tires that can be used for more than one application. They have the ability to carry heavy loads over smooth and rough surfaces, in all weather conditions. The most common applications of multi-utility tires are trucks, agricultural vehicles, construction equipment and buses.
All Terrain Types:
All terrain types are used in non-pneumatic tires. The main function of all terrain type is to provide the grip between the tire and the ground so that vehicle can move forward or backward, left or right on different surfaces including sand, snow, mud, rock and ice. All Terrain Vehicle (ATV) is a motorized off-road vehicle that provides four wheel drive for improved traction while driving over obstacles including sand dunes, snow banks or ice sheets.
Application Insights:
Passenger vehicles segment accounted for the largest share in 2016 and is anticipated to continue its dominance over the forecast period. The growing trend of purchasing passenger cars as a second or third vehicle is expected to have a positive impact on market growth.
Non-pneumatic tires are widely used in commercial applications including material handling, motorbikes and bicycles, low speed electric vehicles, military equipment, agriculture machinery and trucks & buses among others. Growing demand for commercial vehicles due to rising disposable income levels coupled with increasing industrialization & urbanization has been contributing significantly towards market growth.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing increasing demand for electric vehicles, which, in turn, has led to an increased demand for non-pneumatic tires. Moreover, rising disposable income levels and changing consumer preferences are likely to boost product sales across this region.
The European market accounted for a significant share of revenue in 2017 owing to high investments made by manufacturers across this region towards research & development activities as well as new product launches pertaining to passenger cars and commercial vehicles. In addition, growing adoption of advanced technologies such as automated driving systems (ADAS) is anticipated to fuel regional growth over the coming years.
Growth Factors:
- Increasing demand for non-pneumatic tires from the automotive industry as they offer better performance and fuel efficiency as compared to traditional pneumatic tires.
- Growing popularity of electric and hybrid vehicles which require non-pneumatic tires for improved range and performance.
- Rising concerns over environmental pollution caused by pneumatic tire emissions, leading to increased adoption of non-pneumatic tires in the transportation sector.
- Technological advancements that have led to the development of more durable and efficient non-pneumatic tires, increasing their market share in various end-use industries.
- Government initiatives promoting the use of environment friendly technologies such as electric vehicles andnon-pneumatics tyres, which is expected to drive growth prospects for this market in the coming years
Scope Of The Report
Report Attributes
Report Details
Report Title
Non-Pneumatic Tires Market Research Report
By Type
Multi Utility Types, All Terrain Types, Material Handling Equipment, Motorbikes and Bicycles, Low Speed Electric Types, Military Types, Others
By Application
Passenger Vehicles, Commercial Vehicles
By Companies
Bridgestone Corporation, Goodyear Tire and Rubber Company, Michelin Inc., Hankook Tire Group, Yokohama Tire Corp., Resilient Technologies, Crocodile Tyres, Big Tyre, Toyo Tire and Rubber Co. LTD., Pioneer Corporation, Bridgestone Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
214
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Non-Pneumatic Tires Market Report Segments:
The global Non-Pneumatic Tires market is segmented on the basis of:
Types
Multi Utility Types, All Terrain Types, Material Handling Equipment, Motorbikes and Bicycles, Low Speed Electric Types, Military Types, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Vehicles, Commercial Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bridgestone Corporation
- Goodyear Tire and Rubber Company
- Michelin Inc.
- Hankook Tire Group
- Yokohama Tire Corp.
- Resilient Technologies
- Crocodile Tyres
- Big Tyre
- Toyo Tire and Rubber Co. LTD.
- Pioneer Corporation
- Bridgestone Corporation
Highlights of The Non-Pneumatic Tires Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Multi Utility Types
- All Terrain Types
- Material Handling Equipment
- Motorbikes and Bicycles
- Low Speed Electric Types
- Military Types
- Others
- By Application:
- Passenger Vehicles
- Commercial Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Non-Pneumatic Tires Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Non-pneumatic tires are a type of tire that does not use air pressure to keep it inflated. Instead, the tire uses a rubber and metal belt to create tension. This tension is what keeps the tire inflated.
Some of the major companies in the non-pneumatic tires market are Bridgestone Corporation, Goodyear Tire and Rubber Company, Michelin Inc., Hankook Tire Group, Yokohama Tire Corp., Resilient Technologies, Crocodile Tyres, Big Tyre, Toyo Tire and Rubber Co. LTD., Pioneer Corporation, Bridgestone Corporation.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Non-Pneumatic Tires Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Non-Pneumatic Tires Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Non-Pneumatic Tires Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Non-Pneumatic Tires Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Non-Pneumatic Tires Market Size & Forecast, 2018-2028
4.5.1 Non-Pneumatic Tires Market Size and Y-o-Y Growth
4.5.2 Non-Pneumatic Tires Market Absolute $ Opportunity
Chapter 5 Global Non-Pneumatic Tires Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Non-Pneumatic Tires Market Size Forecast by Type
5.2.1 Multi Utility Types
5.2.2 All Terrain Types
5.2.3 Material Handling Equipment
5.2.4 Motorbikes and Bicycles
5.2.5 Low Speed Electric Types
5.2.6 Military Types
5.2.7 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Non-Pneumatic Tires Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Non-Pneumatic Tires Market Size Forecast by Applications
6.2.1 Passenger Vehicles
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Non-Pneumatic Tires Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Non-Pneumatic Tires Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Non-Pneumatic Tires Analysis and Forecast
9.1 Introduction
9.2 North America Non-Pneumatic Tires Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Non-Pneumatic Tires Market Size Forecast by Type
9.6.1 Multi Utility Types
9.6.2 All Terrain Types
9.6.3 Material Handling Equipment
9.6.4 Motorbikes and Bicycles
9.6.5 Low Speed Electric Types
9.6.6 Military Types
9.6.7 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Non-Pneumatic Tires Market Size Forecast by Applications
9.10.1 Passenger Vehicles
9.10.2 Commercial Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Non-Pneumatic Tires Analysis and Forecast
10.1 Introduction
10.2 Europe Non-Pneumatic Tires Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Non-Pneumatic Tires Market Size Forecast by Type
10.6.1 Multi Utility Types
10.6.2 All Terrain Types
10.6.3 Material Handling Equipment
10.6.4 Motorbikes and Bicycles
10.6.5 Low Speed Electric Types
10.6.6 Military Types
10.6.7 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Non-Pneumatic Tires Market Size Forecast by Applications
10.10.1 Passenger Vehicles
10.10.2 Commercial Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Non-Pneumatic Tires Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Non-Pneumatic Tires Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Non-Pneumatic Tires Market Size Forecast by Type
11.6.1 Multi Utility Types
11.6.2 All Terrain Types
11.6.3 Material Handling Equipment
11.6.4 Motorbikes and Bicycles
11.6.5 Low Speed Electric Types
11.6.6 Military Types
11.6.7 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Non-Pneumatic Tires Market Size Forecast by Applications
11.10.1 Passenger Vehicles
11.10.2 Commercial Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Non-Pneumatic Tires Analysis and Forecast
12.1 Introduction
12.2 Latin America Non-Pneumatic Tires Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Non-Pneumatic Tires Market Size Forecast by Type
12.6.1 Multi Utility Types
12.6.2 All Terrain Types
12.6.3 Material Handling Equipment
12.6.4 Motorbikes and Bicycles
12.6.5 Low Speed Electric Types
12.6.6 Military Types
12.6.7 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Non-Pneumatic Tires Market Size Forecast by Applications
12.10.1 Passenger Vehicles
12.10.2 Commercial Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Non-Pneumatic Tires Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Non-Pneumatic Tires Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Non-Pneumatic Tires Market Size Forecast by Type
13.6.1 Multi Utility Types
13.6.2 All Terrain Types
13.6.3 Material Handling Equipment
13.6.4 Motorbikes and Bicycles
13.6.5 Low Speed Electric Types
13.6.6 Military Types
13.6.7 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Non-Pneumatic Tires Market Size Forecast by Applications
13.10.1 Passenger Vehicles
13.10.2 Commercial Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Non-Pneumatic Tires Market: Competitive Dashboard
14.2 Global Non-Pneumatic Tires Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bridgestone Corporation
14.3.2 Goodyear Tire and Rubber Company
14.3.3 Michelin Inc.
14.3.4 Hankook Tire Group
14.3.5 Yokohama Tire Corp.
14.3.6 Resilient Technologies
14.3.7 Crocodile Tyres
14.3.8 Big Tyre
14.3.9 Toyo Tire and Rubber Co. LTD.
14.3.10 Pioneer Corporation
14.3.11 Bridgestone Corporation
