Global Tubeless Tire Market Forecast 2024 - The Rising Opportunities

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Tubeless tires run without a separate inner tube. Unlike pneumatic tires, tubeless tires have persistent ribs configured into the bead of the tire. In this way, the outer casing makes an air tight seal with the rim of the wheel, and air is held in the assembly of casing and rim. Tubeless tires are made up of tread, spiral layers and steel belt. Tread gives the frame support of the vehicle and enhanced grip, causing better transfer of braking stress to road. The tubeless tire market is expected to witness an impressive growth during the forecast period, as a result of its various advantages such as their high fuel efficiency, less balance weight requirement, easy repairing and safer drives as compared to pneumatic tires. In addition to this, these tires are good bump absorbents and offer better heat dissipation which increases the overall life and cost-effectiveness of the tire

The Global Tubeless Tire market was valued at $130.16 billion in 2016, and is projected to reach $212.5 billion by 2024, having a CAGR of 6.4% during the forecast period of 2017 to 2024.

View Full Market Research Report - Global Tubeless Tire Market | Automotive Industry Analysis

GLOBAL TUBELESS TIRE MARKET SEGMENTATION

By Type
• Radial
• Bias

By Vehicle type
• Two-wheeler
• Passenger car
• Commercial vehicle

Distribution Channel
• OEM
• Aftermarket

By Region
North America
• U.S.
• Canada
• Mexico

Europe
• Germany
• France
• Italy
• U.K.
• Rest of Europe

Asia-Pacific
• China
• Japan
• Australia
• India
• Rest of APAC

Rest of World
• Africa
• Middle East
• Latin America

KEY MARKET PLAYERS

 • Michelin
• Hankook tire co., Ltd
• Cheng Shin Rubber Ind. Co. Ltd
• CONTINENTAL Corporation
• Bridgestone Group
• Pirelli & C. S.p.A. (China National Chemical Corporation)
• Sumitomo Rubber Industries, Ltd
• The Goodyear Tire & Rubber Company
• Toyo Tire & Rubber Co., Ltd.
• Yokohama Rubber Company

More Related Reports

Global Tubeless Tire Market – Trends & Forecast, 2017-2023 

Global Automotive Tubeless Tires Market Outlook 2024: Global Opportunity and Demand Analysis, Market Forecast, 2016-2024 

Malaysia Tire Market Competition Forecast & Opportunities, 2013 – 2023 

GCC Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023


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