AIRLESS TIRES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In January 2023, Michelin and DHL teamed up to test the UPTIS airless tire on the road. Nearly 50 DHL Express vehicles in Singapore will use these tires for last-mile deliveries by the end of 2023. Starting January 10, the first vehicles began delivering parcels as part of a trial run. The Michelin UPTIS prototype is a durable tire/wheel combo that does not need air, enhancing safety and reducing tire waste due to punctures.
• In April 2023, Michelin successfully tested the UPTIS airless tire at speeds of up to 130 mph, following requests from European law enforcement agencies. These tires were tested on 30 Toyota HiAce DHL delivery vans in Singapore and on the Chevrolet Bolt in 2019 to evaluate their performance. Michelin is discussing potential testing partnerships with Tesla, General Motors, and other automakers to explore various applications. In October 2021, Michelin introduced the UPTIS airless tires made from rubber and fiberglass, promising longer life, fuel efficiency, and recyclability.
• In April 2021, Toyo Tires revealed plans to start making airless tires that does not need air filling. The company aimed to set up a production line for these tires at it Sendai Plant in Iwakuma City, Miyagi Prefecture, and run production tests by 2021.
• In December 2020, Hankook Tire announced that it worked with Eltek, an Indonesia-based company that makes car parts, to create airless tires. It planned to use Eltek's knowledge of polyurethane materials along with Hankook's tire-making skills to make airless tires for electric scooters and other small vehicles.