Tubeless Tire Market Research Report - Global Forecast to 2022

Tubeless Tire Market Research Report - Global Forecast to 2022

ID: MRFR/AM/2558-CRR | January, 2018 | Region: Global | 100 pages | Cooked Research Reports

Global Tubeless Tire Market Information Report by Tire Type (Radial and Bias), Vehicle Type (Passenger car, commercial Vehicles, and Others), by Distribution Channel (OEM and Aftermarket), and by Region - Global Forecast to 2023


Market synopsis


A tubeless tire refers to an inflated tire which does not require any inner tube. The tubeless tire have molded rim which inserts air pressure inside the tire so as to seal the flanges of the wheel rim. The traditional design of a tire required an inner tube, which did not sustain for long, but tubeless tire does not require any inner tube. This makes the tubeless tire safer than the traditional tire. The tire and the rim in the tubeless tire form an airtight seal, which exerts a pressure and does not allow the tire to puncture easily.


The global tubeless tire market is a very dynamic market and is expected to witness high growth over the forecast period. The market is driven by various factors such as 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 major demand for radial tires has been witnessed in the truck and bus segment due to improved road infrastructure and the introduction of fuel-efficient products in the automobile industry. Furthermore, although tire production in the passenger car segment is already completely radialized, the number of radial tires in various segments of the market is expected to increase. The automotive market of China has experienced increased growth, which will drive the automotive technology for tubeless tires. According to the U.S. Department of Transportation, the average age of all light vehicles in operation was 11.4 years in 2014. Increasing numbers of vehicles on the road, builds a new business pipeline for the aftermarket, thereby driving the growth of the market.


The tubeless tire market has various restraints that hinder the market growth such as Fluctuation in Raw Material Cost and Huge Capital Requirement to set up new Manufacturing Facility.


The market is expected 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%.


On basis of tire type, the market has been segmented as radial and bias. Amongst this, radial tires is segment accounted for the largest market share in 2016. Radial tubeless tires have various advantages they run cooler, and enhances ride quality. They also come with rigid construction, longer tread life, wider footprint, and provide more traction between tire & road surface. The growth of radial tires is also being driven by the rise in application of radial tire in two wheelers, passenger cars and light commercial vehicles.


Tubeless Tire Market Image


Regional Analysis of Global Tubeless tire Market


Asia-Pacific region is expected to be the largest market of tubeless tire market during the forecast period.  Asia Pacific has the largest automotive tubeless tire market, owing to rise in automotive industry in countries such as China, Japan, and South Korea. The increase in the penetration level of passenger cars and two wheelers in the region, is boosting the demand for tubeless tires. The increase in sales of the automobiles in the region can be attributed to factors such as increasing per capita income, increased infrastructure spending, attractive FDI from governments and economic production cost. Asia Pacific region has ample number of tire manufacturing plants due to huge rubber production, low labor cost and favorable government policies. Asia Pacific is expected to continue its dominance in the global tubeless tire market, owing to projected increase in the region’s vehicle production, sales and vehicle fleet.


Key Players


The key players in global tubeless tire market are 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.).


The report for Tubeless Tire Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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TABLE OF CONTENTS

2.1 Definition 13

2.2 Scope of the Study 13

2.3 Assumptions 13

2.4 Market Structure 14

3.1 Research Process 15

3.2 Primary Research 16

3.3 Secondary Research 16

3.4 Market Size Estimation 16

3.5 Forecast Model 18

4.1 Drivers 20

4.1.1 Growth in automotive industry in developing countries 20

4.1.2 Implementation of Stringent Vehicular Emission & Fuel Economy Norms 20

4.1.3 Increase in Production of Vehicles 21

4.1.4 Rising Demand for Radial Tyres 21

4.2 Restraints 22

4.2.1 Fluctuation in Raw Material Cost 22

4.2.2 Huge Capital Requirement to set up new Manufacturing Facility 22

4.3 Opportunities 22

4.3.1 Rise in Average Life Span of Vehicles 22

4.4 Challenges 23

4.4.1 Increasing Pricing Pressures 23

5.1 Porter's 5 Forces Analysis 24

5.1.1 Threat of New Entrants 24

5.1.2 Bargaining Power of Suppliers 25

5.1.3 Bargaining Power of Buyers 25

5.1.4 Threat of Substitute 25

5.1.5 Segment Rivalry 25

5.2 Value Chain Analysis 26

5.2.1 Raw Material Supply 26

5.2.2 Assembly and customization 26

5.2.3 Distribution 26

5.2.4 End-users 27

6.1 Introduction 29

6.2 Radials 29

6.3 Bias 29

7.1 Introduction 32

7.2 Passenger Car 32

7.3 Commercial Vehicles 32

7.4 Others 33

8.1 Introduction 36

8.2 OEM 36

8.3 Aftermarket 36

9.1 Introduction 39

9.2 North America 40

9.2.1 U.S 43

9.2.2 Canada 45

9.3 Europe 47

9.3.1 Germany 50

9.3.2 U.K. 52

9.3.3 France 54

9.3.4 Spain 56

9.3.5 Rest of Europe 58

9.4 Asia-Pacific 60

9.4.1 China 63

9.4.2 Japan 65

9.4.3 India 67

9.4.4 Rest of Asia-Pacific 69

9.5 Rest of the World (RoW) 71

9.5.1 Latin America 74

9.5.2 Middle East & Africa 76

10.1 Market Share Analysis 78

11.1 Bridgestone Corporation 79

11.1.1 Company Overview 79

11.1.2 Financial Overview 80

11.1.3 Product Offering 81

11.1.4 Strategy 81

11.1.5 Key Development 82

11.2 The Goodyear Tyre & Rubber Company 83

11.2.1 Company Overview 83

11.2.2 Financial Overview 83

11.2.3 Product Offering 85

11.2.4 Strategy 85

11.2.5 Key Developments 86

11.3 MRF ltd. 87

11.3.1 Company Overview 87

11.3.2 Financial Overview 87

11.3.3 Product Offering 89

11.3.4 Strategy 90

11.3.5 Key developments 90

11.4 Ceat Tyres Ltd. 91

11.4.1 Company Overview 91

11.4.2 Financial Overview 91

11.4.3 Product Offering 92

11.4.4 Strategy 93

11.4.5 Key Developments 93

11.5 Continental Corporation 94

11.5.1 Company Overview 94

11.5.2 Financial Overview 94

11.5.3 Product Offering 95

11.5.4 Strategy 95

11.6 Michelin 96

11.6.1 Company Overview 96

11.6.2 Financial Overview 96

11.6.3 Product Offering 97

11.6.4 Strategy 98

11.6.5 Key Developments 98

11.7 Pirelli 99

11.7.1 Company Overview 99

11.7.2 Financial Overview 99

11.7.3 Product Offering 100

11.7.4 Strategy 101

11.8 Yokohama Tire Corporation 102

11.8.1 Company Overview 102

11.8.2 Financial overview 102

11.8.3 Product Offering 103

11.8.4 Strategy 104

11.9 Toyo Tire & Rubber Co., Ltd. 105

11.9.1 Company Overview 105

11.9.2 Financial Overview 105

11.9.3 Product Offering 106

11.9.4 Strategy 106

11.9.5 Key Developments 107

11.10 Cooper Tire & Rubber Company 108

11.10.1 Company Overview 108

11.10.2 Financial Overview 108

11.10.3 Product Offering 109

11.10.4 Strategy 109

TABLE 1 MARKET SYNOPSIS

TABLE 2 GLOBAL TUBELESS TIRE MARKET, BY TIRE TYPE, 2015–2023 (USD BILLION)

TABLE 3 GLOBAL TUBELESS TIRE MARKET, BY VEHICLE TYPE, 2015–2023 (USD BILLION)

TABLE 4 GLOBAL TUBELESS TIRE MARKET, BY DISTRIBUTION CHANNEL, 2015–2023 (USD BILLION)

TABLE 5 GLOBAL TUBELESS TIRE MARKET, BY REGION, 2015–2023 (USD BILLION)

TABLE 6 NORTH AMERICA: TUBELESS TIRE MARKET, BY COUNTRY, 2015–2023 (USD BILLION)

TABLE 7 NORTH AMERICA: TUBELESS TIRE MARKET, BY TIRE TYPE, 2015–2023 (USD BILLION)

TABLE 8 NORTH AMERICA: TUBELESS TIRE MARKET, BY VEHICLE TYPE, 2015–2023 (USD BILLION)

TABLE 9 NORTH AMERICA: TUBELESS TIRE MARKET, BY DISTRIBUTION CHANNEL, 2015–2023 (USD BILLION)

TABLE 10 U.S.: TUBELESS TIRE MARKET, BY TIRE TYPE, 2015–2023 (USD BILLION)

TABLE 11 U.S.: TUBELESS TIRE MARKET, BY VEHICLE TYPE, 2015–2023 (USD BILLION)

TABLE 12 U.S.: TUBELESS TIRE MARKET, BY DISTRIBUTION CHANNEL, 2015–2023 (USD BILLION)

TABLE 13 CANADA: TUBELESS TIRE MARKET, BY TIRE TYPE, 2015–2023 (USD BILLION)

TABLE 14 CANADA: TUBELESS TIRE MARKET, BY VEHICLE TYPE, 2015–2023 (USD BILLION)

TABLE 15 CANADA: TUBELESS TIRE MARKET, BY DISTRIBUTION CHANNEL, 2015–2023 (USD BILLION)

TABLE 16 EUROPE: TUBELESS TIRE MARKET, BY COUNTRY, 2015–2023 (USD BILLION)

TABLE 17 EUROPE: TUBELESS TIRE MARKET, BY TIRE TYPE, 2015–2023 (USD BILLION)

TABLE 18 EUROPE: TUBELESS TIRE MARKET, BY VEHICLE TYPE, 2015–2023 (USD BILLION)

TABLE 19 EUROPE: TUBELESS TIRE MARKET, BY DISTRIBUTION CHANNEL, 2015–2023 (USD BILLION)

TABLE 20 GERMANY: TUBELESS TIRE MARKET, BY TIRE TYPE, 2015–2023 (USD BILLION)

TABLE 21 GERMANY: TUBELESS TIRE MARKET, BY VEHICLE TYPE, 2015–2023 (USD BILLION)

TABLE 22 GERMANY: TUBELESS TIRE MARKET, BY DISTRIBUTION CHANNEL, 2015–2023 (USD BILLION)

TABLE 23 U.K.: TUBELESS TIRE MARKET, BY TIRE TYPE, 2015–2023 (USD BILLION)

TABLE 24 U.K.: TUBELESS TIRE MARKET, BY VEHICLE TYPE, 2015–2023 (USD BILLION)

TABLE 25 U.K.: TUBELESS TIRE MARKET, BY DISTRIBUTION CHANNEL, 2015–2023 (USD BILLION)

TABLE 26 FRANCE: TUBELESS TIRE MARKET, BY TIRE TYPE, 2015–2023 (USD BILLION)

TABLE 27 FRANCE: TUBELESS TIRE MARKET, BY VEHICLE TYPE, 2015–2023 (USD BILLION)

TABLE 28 FRANCE: TUBELESS TIRE MARKET, BY DISTRIBUTION CHANNEL, 2015–2023 (USD BILLION)

TABLE 29 SPAIN: TUBELESS TIRE MARKET, BY TIRE TYPE, 2015–2023 (USD BILLION)

TABLE 30 SPAIN: TUBELESS TIRE MARKET, BY VEHICLE TYPE, 2015–2023 (USD BILLION)

TABLE 31 SPAIN: TUBELESS TIRE MARKET, BY DISTRIBUTION CHANNEL, 2015–2023 (USD BILLION)

TABLE 32 REST OF EUROPE: TUBELESS TIRE MARKET, BY TIRE TYPE, 2015–2023 (USD BILLION)

TABLE 33 REST OF EUROPE: TUBELESS TIRE MARKET, BY VEHICLE TYPE, 2015–2023 (USD BILLION)

TABLE 34 REST OF EUROPE: TUBELESS TIRE MARKET, BY DISTRIBUTION CHANNEL, 2015–2023 (USD BILLION)

TABLE 35 ASIA-PACIFIC: TUBELESS TIRE MARKET, BY COUNTRY, 2015–2023 (USD BILLION)

TABLE 36 ASIA-PACIFIC: TUBELESS TIRE MARKET, BY TIRE TYPE, 2015–2023 (USD BILLION)

TABLE 37 ASIA-PACIFIC: TUBELESS TIRE MARKET, BY VEHICLE TYPE, 2015–2023 (USD BILLION)

TABLE 38 ASIA-PACIFIC: TUBELESS TIRE MARKET, BY DISTRIBUTION CHANNEL, 2015–2023 (USD BILLION)

TABLE 39 CHINA: TUBELESS TIRE MARKET, BY TIRE TYPE, 2015–2023 (USD BILLION)

TABLE 40 CHINA: TUBELESS TIRE MARKET, BY VEHICLE TYPE, 2015–2023 (USD BILLION)

TABLE 41 CHINA: TUBELESS TIRE MARKET, BY DISTRIBUTION CHANNEL, 2015–2023 (USD BILLION)

TABLE 42 JAPAN: TUBELESS TIRE MARKET, BY TIRE TYPE, 2015–2023 (USD BILLION)

TABLE 43 JAPAN: TUBELESS TIRE MARKET, BY VEHICLE TYPE, 2015–2023 (USD BILLION)

TABLE 44 JAPAN: TUBELESS TIRE MARKET, BY DISTRIBUTION CHANNEL, 2015–2023 (USD BILLION)

TABLE 45 INDIA: TUBELESS TIRE MARKET, BY TIRE TYPE, 2015–2023 (USD BILLION)

TABLE 46 INDIA: TUBELESS TIRE MARKET, BY VEHICLE TYPE, 2015–2023 (USD BILLION)

TABLE 47 INDIA: TUBELESS TIRE MARKET, BY DISTRIBUTION CHANNEL, 2015–2023 (USD BILLION)

TABLE 48 REST OF ASIA-PACIFIC: TUBELESS TIRE MARKET, BY TIRE TYPE, 2015–2023 (USD BILLION)

TABLE 49 REST OF ASIA-PACIFIC: TUBELESS TIRE MARKET, BY VEHICLE TYPE, 2015–2023 (USD BILLION)

TABLE 50 REST OF ASIA-PACIFIC: TUBELESS TIRE MARKET, BY DISTRIBUTION CHANNEL, 2015–2023 (USD BILLION)

TABLE 51 ROW: TUBELESS TIRE MARKET, BY COUNTRY, 2015–2023 (USD BILLION)

TABLE 52 ROW: TUBELESS TIRE MARKET, BY TIRE TYPE, 2015–2023 (USD BILLION)

TABLE 53 ROW: TUBELESS TIRE MARKET, BY VEHICLE TYPE, 2015–2023 (USD BILLION)

TABLE 54 ROW: TUBELESS TIRE MARKET, BY DISTRIBUTION CHANNEL, 2015–2023 (USD BILLION)

TABLE 55 LATIN AMERICA: TUBELESS TIRE MARKET, BY TIRE TYPE, 2015–2023 (USD BILLION)

TABLE 56 LATIN AMERICA: TUBELESS TIRE MARKET, BY VEHICLE TYPE, 2015–2023 S(USD BILLION)

TABLE 57 LATIN AMERICA: TUBELESS TIRE MARKET, BY DISTRIBUTION CHANNEL, 2015–2023 (USD BILLION)

TABLE 58 MIDDLE EAST & AFRICA: TUBELESS TIRE MARKET, BY TIRE TYPE, 2015–2023 (USD BILLION)

TABLE 59 MIDDLE EAST & AFRICA: TUBELESS TIRE MARKET, BY VEHICLE TYPE, 2015–2023 (USD BILLION)

TABLE 60 MIDDLE EAST & AFRICA: TUBELESS TIRE MARKET, BY DISTRIBUTION CHANNEL, 2015–2023 (USD BILLION)

TABLE 61 BRIDGESTONE CORPORATION: PRODUCT OFFERING

TABLE 62 BRIDGESTONE CORPORATION: KEY DEVELOPMENT

TABLE 63 THE GOODYEAR TIRE & RUBBER COMPANY: PRODUCT OFFERING

TABLE 64 THE GOODYEAR TIRE & RUBBER COMPANY: KEY DEVELOPMENTS

TABLE 65 MRF LTD.: PRODUCT OFFERING

TABLE 66 MRF LTD: KEY DEVELOPMENTS

TABLE 67 CEAT TYRES LTD: PRODUCT OFFERING

TABLE 68 CEAT TYRES LTD: KEY DEVELOPMENTS

TABLE 69 CONTINENTAL CORPORATION: PRODUCT OFFERING

TABLE 70 MICHELIN: PRODUCT OFFERING

TABLE 71 MICHELIN: KEY DEVELOPMENTS

TABLE 72 PIRELLI & C. S.P.A. : PRODUCT OFFERING

TABLE 73 YOKOHAMA TIRE CORPORATION: PRODUCT OFFERING

TABLE 74 TOYO TIRE & RUBBER CO., LTD.: PRODUCT OFFERING

TABLE 75 TOYO TIRE & RUBBER CO., LTD.: KEY DEVELOPMENTS

TABLE 76 COOPER TIRE & RUBBER COMPANY: PRODUCT OFFERING

FIGURE 1 RESEARCH PROCESS OF MRFR

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

FIGURE 3 DRIVERS, RESTRAINTS AND OPPORTUNITIES FOR GLOBAL TUBELESS TIRES MARKET

FIGURE 4 TOTAL PRODUCTION OF CARS IN CHINA, 2014-2016

FIGURE 5 SALES OF NEW VEHICLE, 2013-2016

FIGURE 6 PORTER'S 5 FORCES ANALYSIS

FIGURE 7 VALUE CHAIN ANALYSIS

FIGURE 8 GLOBAL TUBELESS TIRE MARKET SIZE, BY TIRE TYPE, 2016-2023 (USD BILLION)

FIGURE 9 TOTAL SALES OF PASSENGER CARS (UNITS, IN MILLION)

FIGURE 10 TOTAL SALES OF COMMERCIAL VEHICLES (UNITS, IN MILLION)

FIGURE 11 GLOBAL TUBELESS TIRE MARKET, BY VEHICLE TYPE, 2015-2023 (USD BILLION)

FIGURE 12 GLOBAL TUBELESS TIRE MARKET, BY DISTRIBUTION CHANNEL, 2015-2023 (USD BILLION)

FIGURE 13 GLOBAL TUBELESS TIRE MARKET, BY REGION, 2015 VS 2023 (USD BILLION)

FIGURE 14 KEY TRENDS OF INDIA TYRE INDUSTRY

FIGURE 15 TUBELESS TIRE MARKET: MARKET SHARE ANALYSIS

FIGURE 16 BRIDGESTONE CORPORATION: TOTAL REVENUE VS SEGMENTAL REVENUE, 2014-2014 (USD BILLION)

FIGURE 17 BRIDGESTONE CORPORATION: GEOGRAPHIC REVENUE MIX, 2016 (%)

FIGURE 18 THE GOODYEAR TIRE & RUBBER COMPANY: TOTAL REVENUE, 2014-2016 (USD MILLION)

FIGURE 19 THE GOODYEAR TIRE & RUBBER COMPANY, GEOGRAPHIC REVENUE MIX, 2016 (%)

FIGURE 20 MRF LTD: TOTAL REVENUE VS SEGMENTAL REVENUE, 2014-2016, (USD MILLION)

FIGURE 21 MRF LTD.: GEOGRAPHIC REVENUE MIX, 2016 (%)

FIGURE 22 CEAT TYRES LTD: TOTAL REVENUE, 2014-2016 (USD MILLION)

FIGURE 23 CEAT TYRES LTD: GEOGRAPHIC REVENUE MIX, 2016 (%)

FIGURE 24 CONTINENTAL CORPORATION: TOTAL REVENUE VS SEGMENTAL REVENUE, 2014-2016 (USD MILLION)

FIGURE 25 CONTINENTAL CORPORATION: GEOGRAPHIC REVENUE MIX, 2016 (%)

FIGURE 26 MICHELIN: TOTAL REVENUE VS SEGMENTAL REVENUE, 2014-2016 (USD MILLION)

FIGURE 27 MICHELIN: GEOGRAPHIC REVENUE MIX, 2016 (%)

FIGURE 28 PIRELLI & C. S.P.A.: TOTAL REVENUE VS SEGMENTAL REVENUE, 2014-2016 (USD MILLION)

FIGURE 29 PIRELLI & C. S.P.A.: GEOGRAPHIC REVENUE MIX, 2016 (%)

FIGURE 30 YOKOHAMA TIRE CORPORATION: TOTAL REVENUE, 2013-2015 (USD BILLION)

FIGURE 31 YOKOHAMA TIRE CORPORATION: GEOGRAPHIC REVENUE MIX, 2015 (%)

FIGURE 32 TOYO TIRE & RUBBER CO., LTD.: TOTAL REVENUE VS SEGMENTAL REVENUE, 2014-2016 (USD MILLION)

FIGURE 33 TOYO TIRE & RUBBER CO., LTD.: GEOGRAPHIC REVENUE MIX, 2016 (%)

FIGURE 34 COOPER TIRE & RUBBER COMPANY: TOTAL REVENUE, 2014-2016 (USD THOUSAND)

FIGURE 35 COOPER TIRE & RUBBER COMPANY: GEOGRAPHIC REVENUE MIX, 2016 (%)