Global Tubeless Tire Market is Projected to Grow from a market size of USD 131.3 Billion in 2016 to USD 211.5 Billion in 2023 at a CAGR of 7.15%

Pune, India, Jan 8, 2018 /MRFR Press Release/- Market research future published a half cooked research report on global Tubeless tire market. The Tubeless tire market is projected to grow at 7.15% CAGR during the period 2017 to 2023.

Market Highlights

The global Tubeless tire market is expected to witness significant growth over the forecast period. The growth of tubeless tire market is influenced by the Growth in automotive industry in developing countries, implementation of stringent vehicular emission & fuel economy norms, increase in production of vehicles and rising demand for radial tires. The increase in urbanization will lead to an increase in use of both, passenger and commercial vehicles, due to which there will be growth in automotive tubeless tires market. China is one of the most densely populated urban centers. Governments of various countries have taken initiatives to promote the manufacturing and adoption of tubeless tires by the manufacturers for controlling harmful emissions. Therefore, the introduction of stringent vehicular emission and fuel economy norms, drive the growth of the tubeless tires market. 

Market Research Analysis

Based on distribution channel, the market has been segmented as OEM and Aftermarket.  The OEM segment is expected to contribute the maximum towards the growth of the tubeless tire market.  Original equipment manufacturer (OEM) segment is expected to grow at a high rate as compared to aftermarket, due to rise in production of vehicles and increasing number of manufacturing facility of automotive OEM in the developing regions.

Based on vehicle type, the market has been segmented as passenger cars, commercial vehicle and others. The passenger car segment accounted for the highest market share in the automotive tubeless tire market. In 2016, as per the OICA Car Association, approximately 69 million passenger cars were sold across the globe, which is boosting the demand for tubeless tires in automotive industry. The demand for automotive tubeless tires is also increasing due to factors such as increasing life span of vehicles, and increasing annual average annual miles travel by passenger cars.  

Browse Report @ https://www.marketresearchfuture.com/reports/tubeless-tire-market-3846

Scope of the Report

This study provides an overview of the global tubeless tire market, tracking four market segments across four geographic regions. The report studies key players, providing a six year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global tubeless tire market by tire type, vehicle type, distribution channel and regions.

• Radial


• Bias

 By Vehicle Type

• Passenger car


• Commercial Vehicles


• Others

 By Distribution Channel

• OEM


• Aftermarket

 By Regions

• North America 


• Asia Pacific 


• Europe


• Rest of the World  

Key Players

The prominent players in the tubeless tire market include Bridgestone Corporation (Japan), The Goodyear Tyre & Rubber Company (U.S.), Madras Rubber Factory (MRF) Limited (India), CEAT Tyres ltd. (India), Continental Corporation (Germany), Michelin (France), Pirelli & C. S.p.A (Italy), Yokohama Tire Corporation  (U.S.), Toyo Tire & Rubber Co., Ltd. (Japan) and Cooper Tire & Rubber Company (U.S.).