Global Automotive Tubeless Tire Market

Automotive Tubeless Tire Market Size, Share, Growth Analysis, By Tire Type(Radial and Bias), By Vehicle Type(Two-Wheeler, Passenger Car, and Commercial vehicle), By Distribution Channel(Original Equipment Manufacturer (OEM) and Aftermarket), By Region - Industry Forecast 2025-2032


Report ID: SQMIG25B2025 | Region: Global | Published Date: April, 2024
Pages: 220 | Tables: 86 | Figures: 72

Automotive Tubeless Tire Market Regional Insights

The growing sales of electric cars and the technologically sophisticated development of autonomous vehicles have made North America the market leader for tubeless tires. This has increased demand for tubeless tires for automobiles in the area. Also, the growing demand for pickup trucks and other comparable light commercial vehicles and their increased manufacturing will support regional market growth. Due to the existence of the largest automotive tubeless tire market and the growing penetration of passenger vehicles and two-wheelers in the region because of rising consumer per capita capital, the Asia-Pacific Tubeless Tyre Market generates the second-highest revenue. Furthermore, the Asia-Pacific region's fastest-growing tubeless tire market was India, while China maintained the highest market share.

From 2023 to 2031, the tubeless tire market in Europe is anticipated to develop at the quickest CAGR. This is a result of the growing popularity of electric vehicles and the development of automotive technology. Furthermore, the European market for tubeless tires was increasing at a quick pace in the UK, while the German market had the biggest market share. The automobile tubeless tire market is expected to grow at a rapid pace across Latin America and the Middle East and Africa. Brazil and South Africa are among the nations with the fastest-growing marketplaces among them, thanks to expanding car sales, infrastructure advancements, and rising disposable incomes. Tyre manufacturers have a lot of opportunities in these areas to promote their brand and take advantage of the rising demand of urbanization.

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Automotive Tubeless Tire Market size was valued at USD 173.3 Billion in 2023 and is poised to grow from USD 185.69 Billion in 2024 to USD 322.74 Billion by 2032, growing at a CAGR of 7.15% during the forecast period (2025-2032).

Prominent industry participants are making significant investments in R&D to broaden their product offerings, contributing to the further expansion of the Tubeless Tyre market. To increase their global presence, market players are also engaging in a range of strategic initiatives. Notable advancements in the industry include the introduction of new products, contracts, increased investments, mergers and acquisitions, and joint ventures with other businesses. To grow and thrive in an increasingly competitive and developing market environment, the tubeless tyre sector needs to provide affordable products. 'Sumitomo Rubber Industries Ltd (Japan)', 'Cheng Shin Rubber Industry Co. (Taiwan)', 'The Goodyear Tyre & Rubber Company (US)', 'Apollo Tires (India)', 'Maxxis International (Taiwan)', 'Bridgestone Corporation (Japan)', 'Cooper Tire & Rubber Company (US)', 'The Yokohama Rubber Co., Ltd. (Japan)', 'Pirelli & C. S.p.A. (Italy)', 'Michelin (France)', 'Toyo Tire & Rubber Co. Ltd (Japan)', 'Continental AG (Germany)', 'Madras Rubber Factory Limited (India)', 'CEAT Tires Ltd. (India)'

The automotive tyre business is anticipated to be driven over the projected period by a surge in automobile production and a high demand for passenger cars worldwide. According to data from the International Organisation of Motor Vehicle Manufacturers, market participants are being encouraged to develop new tyres with superior wet grip and low rolling resistance by the implementation of strict tyre performance regulations and the growing demand for fuel-efficient vehicles.

The growth of the automotive industry is driving the tubeless tire market's compound annual growth rate (CAGR). Due to their increased safety and dependability, tubeless tires have managed to displace traditional pneumatic tires. The automotive tire industry is expected to be driven by the global expansion in automobile production and the growing demand for passenger cars in the coming years. The popularity of sport utility vehicles is growing in developing nations.

The growing sales of electric cars and the technologically sophisticated development of autonomous vehicles have made North America the market leader for tubeless tires. This has increased demand for tubeless tires for automobiles in the area. Also, the growing demand for pickup trucks and other comparable light commercial vehicles and their increased manufacturing will support regional market growth. Due to the existence of the largest automotive tubeless tire market and the growing penetration of passenger vehicles and two-wheelers in the region because of rising consumer per capita capital, the Asia-Pacific Tubeless Tyre Market generates the second-highest revenue. Furthermore, the Asia-Pacific region's fastest-growing tubeless tire market was India, while China maintained the highest market share.

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Global Automotive Tubeless Tire Market

Report ID: SQMIG25B2025

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