Global Automotive Tubeless Tire Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026
MarketResearch.biz delivers in-depth insights on the global automotive tubeless tire market in its upcoming report titled, “Global Automotive Tubeless Tire Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026”. The global automotive tubeless tire market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global automotive tubeless tire market report has been segmented on the basis of type, vehicle type, distribution channel, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
In a tubeless tire, the tire and the rim of the wheel form an airtight seal, with valve being directly mounted on the rim. If a tubeless tire gets a puncture, air escapes only through the hole, leading to a gentle deflation. Due to absence of internal tube-tire structure, it helps eliminate friction due to rubbing between the tube and tire so it runs cooler compared to the tube type tire.
Increasing vehicle production and rising preference for tubeless tire due to various benefits such as easy puncture repair, more comfortable for high speed, and lower tire pressure which gives a better control over the vehicle are major factors driving growth of the global automotive tubeless tire market. In addition, increasing adoption of tubeless tire from two wheelers in developing countries such as India and China is further expected to support growth of the global automotive tubeless tire market.
Moreover, rising fuel prices and growing demand for tires that is cost saving and fuel efficient is another factor expected to support growth of the global automotive tubeless tire market in near future.
However, fluctuating raw material prices is a major factor restraining growth of the global automotive tubeless tire market.
Technological advancements and increasing R&D activities by manufacturers and development of light weight tire is expected to create new opportunities in terms of revenue to players operating in the global automotive tubeless tire market over the forecast period.
Asia Pacific market is expected to dominate in the global automotive tubeless tire market with higher revenue share as compared to that of the other regional markets, and is expected to continue its dominance during the forecast period. This can be attributed to growing vehicle production, increasing adoption from two wheelers, and presence of prominent players operating in countries in this region. North America and Europe markets account for significant revenue share in the global automotive tubeless tire market, followed by markets in Latin America and Middle East & Africa respectively. The market in Europe is projected to register fastest growth in terms of revenue.
Global Automotive Tubeless Tire Market Segmentation:
By Vehicle Type:
- Passenger Car
- Commercial Vehicle
By Distribution Channel:
- Original Equipment Manufacturer (OEM)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Bridgestone Corporation
- The Goodyear Tyre & Rubber Company
- Continental AG
- Michelin Corporation
- Pirelli Tyre S.p.A.
- Sumitomo Rubber Industries, Ltd.
- Hankook Tire Co. Ltd.
- CEAT Ltd.
- Yokohama Tire Corporation
- Toyo Tire & Rubber Co. Ltd.
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