Market Highlights: Tubeless tires are the tires without inner air tubes. In case of tubeless tires, the outer tire case is directly attached to the wheel rim, which doesn’t allow air to leak. It consist of steel belt, tread, and spiral layer. These type of tires can bear maximum vehicle load, transfers adhesive friction & breaking force to ground level, as well as maintains direction of the travel. Tubeless tires are being adopted by both passenger as well as commercial vehicle divisions, thereby supporting market growth. The market study is being classified by Type (Radial Tire and Bias Tire), by Application (Passenger Vehicles, Commercial Vehicles and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Tubeless Tires are Michelin (France), Goodyear Tire and Rubber Company (United States), Bridgestone Corporation (Japan), Continental AG (Germany), Hankook Tire (South Korea), Pirelli & C. S.p.A.(Italy), Apollo Tyres Ltd (India), Cooper Tire & Rubber Company (United States), Sumitomo Rubber Industries, Ltd. (Japan), Toyo Tire Corporation (Japan) and THE YOKOHAMA RUBBER CO., LTD. (Japan).
According to Michelin's Annual Report, On January 3, 2018 Michelin and Sumitomo Corporation of America has announced the merger of their wholesale and retail activities to ensure better availability of their products and improved delivery to their customers in the United States and Mexico. This merger is expected to make them the second largest tire wholesaler on North American soil. The entity will operate under a new identity, with equal parts in the profit.
Key Questions Answered in the Report What will the Tubeless Tires Market size and the growth rate be in Future? What are the key factors driving the Tubeless Tires Market? What are the key market trends and macro-economic impacting the growth of the Tubeless Tires Market? What are the challenges to market growth? Who are the key vendors in the Tubeless Tires Market? What are the market opportunities and threats faced by the vendors in the Tubeless Tires Market? Trending factors influencing the market shares of the Vendors. What are the key outcomes of the five forces analysis of the Tubeless Tires Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Tubeless Tires market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Tubeless Tires market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Tire Manufacturers, Tire Distributors and Vendors, Automobile Industry, Petroleum Industry, Government and Private Research Organizations and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.