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 2024-2031

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.