Tubeless Tire Market Research Report - Global Forecast to 2032

Tubeless Tire Market Research Report Information By Vehicle Type (Commercial Vehicles, Passenger Cars, and Two-wheelers), By Type (Bias Tubeless Tire and Radial Tubeless Tire), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World)- Global Industry Size, Share, Growth, Trends and Forecast To 2032

ID: MRFR/AM/2558-CR | 180 Pages | Author: Swapnil Palwe | January 2018         

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Tubeless Tire Market Overview:


Tubeless Tire Market Size was valued at USD 161.8 Billion in 2022. The Tubeless Tire market industry is projected to grow from USD 173.3 Billion in 2023 to USD 301.2 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.15% during the forecast period (2023 - 2032). Increased demand for tubeless tires and the expansion of the automotive industry are the key market drivers enhancing the the growth of market.


Tubeless Tire Market Overview


Source: The Secondary Research, Primary Research, MRFR Database, and Analyst Review


Tubeless Tire Market Trends


The expansion of the automotive industry is driving the market growth


The market CAGR for tubeless tires is being driven by the expansion of the automotive industry. The tubeless tires have managed to replace the traditional pneumatic tires due to the rising reliability and safety they offer. The increase in the production of automobiles and rising demand for passengers car throughout the world to fuel the automotive tire industry during the forecast years. Sports utility vehicles are attaining momentum in developing countries.


Around 55.83 million passenger cars and 21.78 million commercial vehicles were generated in 2020 globally, as per the statistics from the International Organization of motor vehicle manufacturers. The implementation of stringent tire performance rules and rising requirement for fuel-efficient vehicles are boosting the market players toward developing novel tires with excellent wet grip and minimum rolling resistance. These are the factors anticipated to accelerate the growth tubeless tire market throughout the forecast years. The increasing demand for radial tires by the bus and truck section in the automobile industry, owing to the emergence of fuel-efficient products and the developed road infrastructure boosts the growth of the market. Further, the increasing number of vehicles and the large use of these tires in different sections of the market.


The tubeless tire is an inflated tire without the need for any sort of inner tube. The tubeless tire consists of a molded rim that helps in inserting air pressure into the tire to seal the flanges of the wheel rim. The absence of an inner tube makes tubeless tire safer and more sustainable compared to traditional tires. The tubeless tire is manufactured using a steel belt with resilient rubber surrounding and exaggerated with high-pressure air; these are more reliable and safe and have easy puncture repair methods, and enhancement in performance is anticipated to fuel the growth of the market. Thus, driving the Tubeless Tire market revenue.


However, the rising demand for airless tires in a few vehicles is anticipated to restrain the growth of the market, followed by the increasing cost of raw materials like fibers and composite metals are anticipated to hamper the growth of the market.


Tubeless Tire Market Segment Insights:


Tubeless Tire Vehicle Type Insights


The Tubeless Tire Market segmentation, based on vehicle type, includes Commercial vehicles, Passenger Cars, and two-wheelers. The passenger cars segment dominates the market, accounting for the largest market revenue due to the rising production of automobiles in developing countries, and the drastic rise in the automotive section is the main factor driving the market growth. Additionally, the rising utilization of passenger cars, mainly in the Asia Pacific, is boosting the growth of the market. The longer vehicle life and high average yearly mileage for passenger cars are the factors that are growing the requirement for tubeless tires in the market. The increase in preference for private transportation and the affordability power of the users is driving the passenger cars segment of the market.


Tubeless Tire Type Insights


The Tubeless Tire Market segmentation, based on type, includes Bias Tubeless Tires and Radial Tubeless Tires. The radial tubeless tire segment dominates the market owing to the increasing requirement for radial tires in the truck and bus section of the automotive industry. Furthermore, the development of fuel-efficient products and the development of improved road infrastructure is fueling the demand for radial tubeless tires in the market.


Figure 1: Tubeless Tire Market, by Type, 2022 & 2032 (USD Billion)


Tubeless Tire Market, by Type, 2022 & 2032


Source: The Secondary Research, Primary Research, MRFR Database, and Analyst Review


Tubeless Tire Regional Insights


By region, the study offers market insights into North America, Europe, Asia-Pacific, and The Rest of the World. The North American Tubeless Tire market area dominates the market due to the increasing sale of electric vehicles, and the technologically advanced development of autonomous vehicles is boosting the demand for automotive tubeless tires in the region. Further, the rising popularity and increased production of pickup trucks and similar light commercial vehicles will boost the market growth in the region.


Further, the main countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, Japan, China, India, Australia, South Korea, and Brazil.


Figure 2: Tubeless Tire Market Share By Region 2022 (USD Billion)


Tubeless Tire Market Share By Region 2022


Source: The Secondary Research, Primary Research, MRFR Database, and Analyst Review


The Asia-Pacific Tubeless Tire Market accounts for the second-largest market revenue due to the presence of the largest automotive tubeless tire market and rising penetration of passenger cars and two-wheeler in the region due to the increasing per capita capital of the consumers. Moreover, China’s Tubeless Tire market held the largest market share, and the Indian Tubeless Tire market was the rapid-growing market in the Asia-Pacific region.


Europe's Tubeless Tire market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the rising adoption of electric vehicles and the technological advancements in the automobile industry. Further, the German Tubeless Tire market held the largest market share, and the UK Tubeless Tire market was the rapid-growing market in the European region.


Tubeless Tire Key Market Players & Competitive Insights


Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Tubeless Tire market grow even more. Market players are also undertaking various strategic activities to spread their global footprint, with important market developments including new product launches, contractual agreements, higher investments, mergers and acquisitions, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Tubeless Tire industry must offer cost-effective items.


Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Tubeless Tire industry to benefit clients and increase the market sector. In recent years, the Tubeless Tire industry has offered some of the most significant advantages to the automotive industry. Major players in the Tubeless Tire market, including Pirelli & C.SpA, Maxxis International, CEAT Tires Ltd., Michelin, Apollo Tires, Yokohama Tire Corporation, Toyo Tire & Rubber Co. Ltd, Cooper Tire & Rubber Company, Madras Rubber Factory Limited, and others, are attempting to increase market demand by investing in research and development operations.


Pirelli, founded in the year 1872, is an Italian multinational tire manufacturer focused on the consumer manufacturer of tires for motorcycles, cars, and bicycles and operates in over 160 countries. The company is the only tire manufacturer in the past to be involved in fashion and operating in renewable energy and sustainable mobility. The tires manufactured by the company provide exceptional ride comfort, safety, and fuel efficiency without compromising the performance of the tire. In May 2021, the world's first Forest Stewardship Council (FSC)-certified P ZERO tire was launched by Pirelli. This P ZERO tire was manufactured in accordance with the performance requirement of BMW and the 'perfect fit' strategy of Pirelli. The P ZERO tire emphasizes offering a significant handout to the green philosophy of the hybrid automotive.


For the last 50 years, Maxxis International has been dedicated to making tire riders and drivers trust for quality and performance of their tires. Founded in Taiwan, the company started by making bicycle tires and then extended to include tires for light trucks, autos, ATVs, trailers, motorcycles, and more. Today the company supplies its products to over 180 countries and have employed more than 30,000 people. The company includes producing, sourcing, and distributing its tires in the most sustainable manner, leaving very little footprint on the environment. In February 2020, Maxxis India declared its collaboration with Yamaha in order to provide the tires for the 125 ccs BSVI-compliant Ray ZR and Fascino range of scooters and also the BSVI-compliant model of Ray ZR Street Rally 125 of Yamaha in India.


Key Companies in the Tubeless Tire market include



  • Pirelli & C.SpA

  • Maxxis International

  • CEAT Tires Ltd.

  • Michelin

  • Apollo Tires

  • Yokohama Tire Corporation

  • Toyo Tire & Rubber Co. Ltd

  • Cooper Tire & Rubber Company

  • Madras Rubber Factory Limited


Tubeless Tire Industry Developments


October 2021: CEAT Tires collaborated with TyresnMore for online sales, maintenance, and home tire installation. From the TyresnMore website, the original CEAT products, like batteries and tires, can be purchased.


June 2021: MICHELIN Primacy 4ST tires were launched by Michelin in India. The tire offers the best-wet grip due to its new tread pattern that offers 1.5X additional grooves to evacuate more water.


October 2021: The launch of a new range of tires was announced by Apollo Tires under its Dutch brand Vredestein in India. It is designed for luxury automobiles and high-performance bikes. The company aims to dominate the luxury car tire segment with the launch of these new tires.


Tubeless Tire Market Segmentation:


Tubeless Tire Vehicle Type Outlook



  • Commercial Vehicle

  • Passenger Cars

  • Two-Wheeler


Tubeless Tire Type Outlook



  • Bias Tubeless Tire

  • Radial Tubeless Tire


Tubeless Tire Regional Outlook



  • North America

    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East

    • Africa

    • Latin America



Report Scope:

Report Attribute/Metric Details
Market Size 2022 USD 161.8 Billion
Market Size 2023 USD 173.3 Billion
Market Size 2032 USD 301.2 Billion
Compound Annual Growth Rate (CAGR) 7.15% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2018- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, The Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Vehicle Type, Type, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The US, Canada, German, France, UK, Italy, Spain, Japan, India, China, Australia, South Korea, and Brazil
Key Companies Profiled Pirelli & C.SpA, Maxxis International, CEAT Tires Ltd., Michelin, Apollo Tires, Yokohama Tire Corporation, Toyo Tire & Rubber Co. Ltd, Cooper Tire & Rubber Company, Madras Rubber Factory Limited  
Key Market Opportunities Rising application of the radial tire in different vehicles.
Key Market Dynamics Increased concern for the safety and the expansion of the automotive industry.




Frequently Asked Questions (FAQ) :

The Tubeless Tire Market size was valued at USD 161.1 Billion in 2022.

The global market is foreseen to grow at a CAGR of 7.15% during the forecast period, 2023-2032.

North America had the largest share of the global market

The key players in the market are Pirelli & C.SpA, Maxxis International, CEAT Tires Ltd., Michelin, Apollo Tires, Yokohama Tire Corporation, Toyo Tire & Rubber Co. Ltd, Cooper Tire & Rubber Company, and Madras Rubber Factory Limited.

The passenger cars category dominated the market in 2022.

The radial tubeless tire had the largest share in the global market.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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