According to Cognitive Market Research, the global Airless Tires market size will be USD 55215.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.00% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 22086.08 million in 2024 and will rise at the compound annual growth rate (CAGR) of 6.2% from the year 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 16564.56 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 12699.50 million in 2024 and will rise at the compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 2760.76 million in 2024 and will rise at the compound annual growth rate (CAGR) of 7.4% from the year 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 1104.30 million in 2024 and will rise at the compound annual growth rate (CAGR) of 8.7% from 2024 to 2031.
The passenger vehicle category is the fastest growing segment of the Airless Tires industry
