In the world economic growth, the Automotive Tubeless Tires industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Automotive Tubeless Tires market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2019, SMI analysts believe that in the next few years, Automotive Tubeless Tires market size will be further expanded, we expect that by 2024, The market size of the Automotive Tubeless Tires will reach XXX million $.
Overview
A tubeless tire includes continuous ribs molded integrally into the bead of the tire, unlike a pneumatic tire, in which a separate inner tube is used. Tubeless tires have a slow and uniform rate of deflation so that the user can get enough time to reach the nearest tire repair station. Besides, it offers low resistance while driving, which makes the car feel lighter. The global automotive tubeless tires market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global automotive tubeless tires market is expected to witness significant growth during the forecast period, owing to rising demand for radial tires.
Market Drivers
Rapid growth of the automotive sector in emerging economies is expected to drive growth of the global automotive tubeless tires market during the forecast period. According to the India Brand Equity Foundation (IBEF), India’s domestic automobile sales reached 21.55 million units in FY20, registering a CAGR of 1.29%. As a result of this, the demand for tubeless tires has increased. Hence, such factors are expected to drive growth of the global automotive tubeless tires market during the forecast period. Furthermore, rising demand for radial tires is expected to propel the global automotive tubeless tires market growth over the forecast period.
Market Restraints
Fluctuations in raw material prices are expected to hamper the global automotive tubeless tires market growth over the forecast period.
Regional Insights
Among regions, Asia Pacific is expected to witness significant growth in the global automotive tubeless tires market during the forecast period. This is owing to rapid growth of the automotive industry in Japan, China, and South Korea. Furthermore, North America is expected to register a robust growth rate, owing to increasing demand for passenger vehicles in the region.
Competitive Section
Major companies involved in the global automotive tubeless tires market are Yokohama Tires, Alliance Tire Group, Bridgestone Corporation, Kumho Tyre, Continental, Apollo Tyres, Sumitomo Rubber Industries, Michelin, and MRF.
For instance, in July 2020, CEAT Tyres launched a new range of puncture safe tires to prevent the tire from deflating after the puncture.
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers. If you need more information, please contact SMI
Section 1: Definition
Section (2 3): Manufacturer Detail
Yokohama Tires
Bridgestone Corporation
Continental
Sumitomo Rubber Industries
Michelin
MRF
Apollo Tyres
Kumho Tyre
Alliance Tire Group
Section 4: Region Segmentation
North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
Section (5 6 7):
Product Type Segmentation
Radial Tubeless Tire
Bias Tubeless Tire
Industry Segmentation
Passenger Vehicles
Commercial Vehicles
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2019-2024)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
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