Comprehensive Automotive Tubeless Tires Market Expected To Have Touched US$ 193 Bn Value, Globally, By 2022 | Automotive Tubeless Tires Market Forecast by 2022

Dublin 2, Ireland, 2018-Jul-12 — Considering the premise of rising road accidents associated with skidding of the vehicle, OEMs are emphasizing a steadfast adoption of tubeless tires across the automotive sector. Providing a balanced weight to the vehicle, enhancing fuel efficiency, and better heat dissipation compared to tubular tires, are factors that make tubeless tires a critical part of automobile production. This report discusses the key prospects for growth of global tubeless tires market during the forecast period, 2017-2022, and also offers forecast-based insights that can influence the strategies of market players.

The scope of the report is to analyze the Global Tubeless Tires Market for the Period 2017-2022 and give readers an accurate, unbiased analysis. Tubeless tire manufacturers, suppliers, and stakeholders in the overall automotive market can benefit from the insights offered in this report. The comprehensive analysis offered in the report can also be of interest to leading automotive journals and trade magazines.

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While tubeless tires are not exactly the puncture-proof alternative in the global tires market, their adoption is certainly expected to gain traction owing to their competitive advantage over tubular tires and non-pneumatic tires. Sales of tubeless tires continues to gain grounds in the global market, particularly due to their significance in lowering the incidence of flat tires, and affordable & easy repair. Vehicle owners are aware that punctures, which have the potential to put valuable logistic operations to a standstill, can be effectively avoided through adoption of tubeless tires.

Tubeless tires are a sub-type of pneumatic tires which come without a separate inner tube. Due to absence of inner tube, tubeless tires are vacuum-packed with the help of liquid sealants applied across the continuous ribs of the tire. With these ribs molded into the tire’s beads, tubeless tires can hold air under desired pressure, and are wrapped across the flanges of metal wheel rim.

The Fact.MR report on global tubeless tires market projects that by the end of 2017, over US$ 140 Bn worth of tubeless tires will get sold across the globe. Considering the harsh environments and low temperatures related to global transit operations, the adoption of tubeless tires is expected to gain traction owing to their efficiency in working at low pressures. Towards the end of 2022, the global market for tubeless tires is expected to have touched US$ 193 Bn value, reflecting a robust CAGR over the forecast period.

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The report has analyzed global sales of tubeless tires till date, inferring an outright dominance of aftermarket distribution of tubeless tires. While OEMs will strive to attain higher share as distribution channel in the global tubeless tires market, the aftermarket sales of tubeless tires are expected to gain steadfast growth pertaining to the rising customization needs of vehicle owners. In 2017, aftermarket sales of tubeless tires are expected to procure over three-fifth share on the global market value.

In terms of technology, the demand for tubeless tires developed on heated, and powered & heated production techniques will witness steady growth. The global sales of tubeless tires indicate a robust demand for tubeless tires developed on standard technology. Between 2017 and 2022, standard technology is anticipated to create an incremental opportunity of nearly US$ 38 Bn in the global tubeless tire market.

While passenger cars will be viewed as the largest end-use vehicle for tubeless tires, their adoption among two-wheeler/motorcycle owners is also expected to witness an upsurge. Through 2022, global sales of tubeless tires for two-wheelers will have procured over US$ 35 Bn in revenues.

Competition Tracking

The report has also profiled leading manufacturers of tubeless tires which are expected to stay active in expansion of global tubeless tires market through 2022. Companies such as Bridgestone Corporation, The Yokohama Rubber Co. Ltd., Michelin North America Inc., The Goodyear Tyre & Rubber Company, Madras Rubber Factory Limited, Apollo Tyres Ltd., Pirelli & C. S.p.A., Cheng Shin Rubber Industry Co., Sumitomo Rubber Industries Ltd., and Continental AG are expected to remain key players in the global tubeless tire market.

Table of Contents

1. Global Tubeless Tire Market – Executive Summary
2. Global Tubeless Tire Market Overview

2.1. Introduction

2.1.1. Global Tubeless Tire Market Taxonomy

2.1.2. Global Tubeless Tire Market Definition

2.2. Global Tubeless Tire Market Size (US$ Mn) and Forecast, 2012-2022

2.2.1. Global Tubeless Tire Market Y-o-Y Growth

2.3. Global Tubeless Tire Market Dynamics

2.3.1. Drivers

2.3.2. Restraints

2.3.3. Trends

2.4. Supply Chain

2.5. Cost Structure

2.6. Pricing Analysis

2.7. Raw Material Sourcing Strategy and Analysis

2.8. List of Distributors……………………………………………………………Continued

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