What is Tubeless Tyre Market?
A tubeless tyre is very similar to a traditional tyre except that it has no tube inside. The air in the tyre is retained between the rim and tyre itself, with the use of an airtight seal. The tubeless tyre market is expected to witness lucrative growth during the upcoming years, due to its various advantages includes easy puncture repair, more comfortable for higher speed, lower tire pressure, better bump absorption, and reduced rotating weight as compared to conventional tires. In the current scenario, tubeless tyres are offered with almost all new vehicles currently on sale in the global market.
The market study is being classified by Type (Radial Tubeless Tyre and Bias Tubeless Tyre), by Application (Two-Wheelers, Passenger Cars and Commercial Vehicles) and major geographies with country level break-up.
Bridgestone Corporation (Japan), The Goodyear Tire & Rubber Company (United States), Continental AG (Germany), Michelin (France), Pirelli & C. S.p.A. (Italy), Sumitomo Rubber Industries (Japan), Hankook Tire (South Korea), Toyo Tire and Rubber (Japan), Yokohama Tire (Japan), Cheng Shin Rubber Ind. Co., Ltd. (Taiwan) and Giti Tire Pte. Ltd. (Singapore) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Apollo Tires Ltd. (India), CEAT Limited (India), MRF (India) and Deestone Company Limited (Thailand).
Tubeless tyre market is concentrated owing to a number of players present in the market. Some of the leading players in the market are Bridgestone Corporation, The Goodyear Tire & Rubber Company, Continental AG and others. Generating, competition for the new entrants in the very market. Research Analyst at AMA predicts that Global Vendors will contribute to the maximum growth of Global Tubeless Tyre market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Tubeless Tyre market by Type, Application and Region.
On the basis of geography, the market of Tubeless Tyre has been segmented into 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Growth Owing to the Growing Culture of Racing and Touring Globally
- The Growth in Production and Sales of Automobile across the World
Market Trend
- Huge Investments by Manufacturers on Smart Tires
Restraints
- Increasing Prices of Raw Materials
- Still, Heavy Duty Trucks and Buses Uses Conventional Tyres
Opportunities
- Growing Demand for Motorcycles and Car in Asian Pacific Countries
- Increase in the Income of People, Will Witness an Increase in the Purchase of Motorcycles in Developing Regions
Challenges
- Issue Related to the Counterfeit Product of Tiers
- Intense Competition between Tire Manufacturers
Key Target Audience
Tubeless Tyre Manufacturers, Raw Material Suppliers/Distributors, Tubeless Tyre Suppliers/Distributors, Automotive Manufacturing Companies, End Users and Others