Global Automotive Tubeless Tire Market Is Set to Reach USD 192.8 Billion by 2024

Posted on 2018-05-03 by Goldstein Research in Automotive // 0 Comments

New York, USA, 2018-May-03 — /EPR Network/ —According to Goldstein Research, global automotive tubeless tire market is expected to reach USD 92.8 billion by 2024, growing at a CAGR of 6.2% over the forecast period 2016-2024. Advancement in tubeless tire material is lifting up the demand for automotive tubeless tire and driving the growth of the market across the globe. Automotive tubeless tire market segmentation has been carried out on the basis of tire type, vehicle type, distribution channel type. Passenger car tubeless tire market dominated the vehicle type segment with a market share of 42% in 2016 on the back of stringent government regulations to ensure the passenger safety.

Global automotive tubeless tire market is dominated by Asia-Pacific owing to rising sales of automobiles in Asia-Pacific region, especially in China, India and other developing countries. China dominated the market with a revenue share of 58.5% in 2016 followed by Japan with a market share of 15% in overall Asia-Pacific market.

Market Segmentation

On the basis of our in-depth analysis, Global Automotive Tubeless Tire Market can be segmented as follows:

By Tire Type

Radial Tubeless Tire
Bias Tubeless Tire

By Vehicle Type

Passenger Car
Commercial Vehicles
Others

By Distribution Channel

Original Equipment manufacturer (OEMs)
Aftermarket

By Region

North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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“Global Automotive Tubeless Tire Market Outlook 2024” contains a detailed overview of the global automotive tubeless tire market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by tire type, by vehicle type, by distribution channel type.

Further, for the in-depth analysis, Global Automotive Tubeless Tire Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Goodyear Tire and Rubber Company, Yokohama Tires, Bridgestone Corporation, Continental AG, Pirelli Tire S.p.A, Sumitomo Rubber Industries Ltd., Hankook Tire Co. Ltd., etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global automotive tubeless tire market trends along with a market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

Browse full Report @ https://www.goldsteinresearch.com/report/global-automotive-tubeless-tires-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024

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Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on automotive industry analysis to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

Market Segmentation

By Tire Type

By Vehicle Type

By Distribution Channel

By Region

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