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 Dynamics

Drivers

Thriving Auto Industry to Support Potential Market Expansion

  • 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.

Arrival of Novel Technological Advancements to Drive Market Development

  • To increase productivity and meet the growing demand, the participants in the automotive tubeless tyre market are moving towards automation in the tyre manufacturing process. Throughout the course of the analysis period, the automotive tubeless tyre market will benefit from advancements in the field of composite materials and the inclusion of carbon fibre and alloys in tyre manufacture.

Restraints

Limited Older Vehicle Compatibility

  • It can be difficult and expensive to retrofit older cars with tubeless tyre systems since it usually necessitates major adjustments to the wheel rims and tyre mounting surfaces. Furthermore, the integration of tubeless tyres may be made more difficult by older vehicles' lack of tyre pressure monitoring systems (TPMS), which are essential for monitoring tyre pressure and guaranteeing safety and optimal performance.

Requirement for Specialised Tools and Knowledge

  • In contrast to conventional tube-type tyres, tubeless tyres require specific tools and methods for installation and sealing, in addition to skilled workers who are familiar with tubeless tyre systems. Tubeless tyre technology adoption is likely to be constrained by the need for specialised equipment and expert technicians, which raises operating costs for automobile service providers and may present a problem in areas with limited access to these resources.
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FAQs

Global Automotive Tubeless Tire Market size was valued at USD 161.8 billion in 2022 and is poised to grow from USD 173.3 billion in 2023 and is projected to grow USD 301.2 billion by 2031, growing at a CAGR of 7.15% in the forecast period (2024-2031).

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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