Tubeless Tire Market Worth $211 Billion By 2023: 2018 Industry Analysis By Statistics, Size, Share, Competitive Analysis, and Regional Outlook

“Tubeless Tire Market”
Tubeless Tire Market Analysis 2018 explores opportunities in the global Tubeless Tire market with comprehensive information on the market drivers, restraints, growth factors, key company SWOT analysis, with regional forecast to 2023. Tubeless Tire Market growing at moderate CAGR from 2018 to 2023. Global Tubeless Tire market is expected to grow from a market size of USD 131.3 Billion in 2016 to USD 211.5 Billion in 2023 at a CAGR of 7.15%.

Tubeless Tire Companies Reviewed Are: Cooper Tire & Rubber Company, Bridgestone Corporation, Toyo Tire & Rubber Co. Ltd., The Goodyear Tyre & Rubber Company, Yokohama Tire Corporation, Madras Rubber Factory (MRF) Limited, CEAT Tyres Ltd., Michelin, Pirelli & C. S.p.A. and Continental Corporation.

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Tubeless Tire Global Market Highlights:

Globally, the swiftly increasing adoption of tubeless tires has favorably affected growth for the market. Tubeless tires have a number of advantageous characteristics that have made them a primary choice in the recent years. The demand for the product will see a continued growth during the forecast period.

The considerable growth of this market has been triggered by factors such as the robust growth in the automotive industry in developing economies, enforcement of stringent vehicular emissions & fuel economy norms, rising demand for production of automotive vehicles and a rapidly increasing interest in radial tires.

Improvement of infrastructure and a growing requirement for fuel efficiency have increased the use of radial tires in busses and trucks. Tubeless tires are a safer alternative as a simple puncture is easy to fix, and the deflation of the tire is at a prolonged rate allowing the driver to successfully and safely control the vehicle. Additionally, these tires mitigate the issue of friction and allow for a longer lifespan. While tubeless tires are more expensive than pneumatic tires, they are also cost-effective due to their ability to be fuel efficient and other convenient features.

Continually oscillating raw material costs and the exorbitant expenses associated with setting up of manufacturing facilities are some market constraints expected during the forecast period; however, despite these restrictions, the market is expected to experience an upsurge.

Market Segmentation:

  • Segmentation of the market allows for a more comprehensive understanding of the market as a whole, to that effect, this market has been segmented by tire type, vehicle type, distribution channel, and region.
  • On the basis of tire type, the market is segmented into radial and bias. Between these, radial tires account for the largest market segment in terms of tire type. This can be attributed to properties of radial tires such as long tread life, better traction between tire and road, improved quality of driving. The demand for radial tires has been especially substantial for passenger cars and other light motor vehicles (LMV), thus contributing to its sizable market share.
  • Based on vehicle type, the market has been segmented into passenger cars, commercial vehicles and others.
  • Based on distribution channel, the market has been segmented into original equipment manufacturer (OEM) and aftermarket.
  • Based on region, the market has been segmented into North America, Europe, Asia Pacific (APAC) and the Rest of the World (ROW).

Regional Analysis:

The Asia Pacific currently holds the most significant tubeless tire market share. Countries in this region such as China, South Korea, and Japan have keenly developing automotive industries and rising demand for automobiles that are owing to increase in per capita income as well as increased expenditure on infrastructure and . Development of this market is further propelled by the presence of many key players in the region owing to abundant rubber production, economical labor costs and encouraging government policies. APAC is projected to retain its lead in the market during the forecast period.

North America is also a prominent market segment due to the existence of key players and booming automotive industry, thus facilitating growth.

Latest Industry News:

A small tire company, Hi-Point has developed a creative design for a tubeless off-road tire. The design uses Integrated Tubeless Technology (ITT). This patented idea utilizes a vulcanized layer of nylon to form a tubular chamber inside the tire. The single ply rubberized fabric completes the circle of the tire such that the tire itself is the tube.

Intended Audience:

Manufacturers of Tubeless Tire

Raw material suppliers for Tubeless Tire

Government and research organization

Investment bankers and M&A Consultants

Scope of the report:

This study provides an overview of the global Tubeless Tire market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region.

Table of Contents:

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition          

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Threat Of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power Of Buyers

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

Continued…

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