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 Insights

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).

The tubeless tire, which is made up of a steel belt, spiral layer, and tread, helps cars perform multiple functions. Air is retained in the union of the tire and rim, and tubeless tires function without an inner tube as the outer casing forms an airtight seal with the wheel rim. It absorbs shocks from the road, changes and maintains direction of travel, and sends traction and brake force to the road surface. Moreover, a tubeless tire uses high-pressure air (nitrogen, CO2, O2, and a mixture of gases) to inflate a steel belt coated in durable rubber to perform these fundamental tasks. Due to its benefits over traditional tires, including easier puncture repair, greater comfort at higher speeds, lower tire pressure, more bump absorption, and less rotational weight, the tubeless tire market is anticipated to grow profitably over the forecast period.

In a tubeless tire, the tire and wheel rim work together to create a sealed container that holds the air inside. It is produced by exaggerating high-pressure air over a steel belt that is encircled by durable rubber. In comparison, tubeless tires are safer and more dependable. Additionally, it increases the vehicles' fuel efficiency. As a result, in recent years, the use of tubeless tires has significantly increased. One of the main factors propelling the market's expansion is the rising number of automobiles produced, as well as the improved safety and dependability provided by tubeless tires. The market is anticipated to grow more rapidly due to the simple puncture repair procedure and performance enhancement. Depending on their use and function, commercial vehicles like buses and heavy-duty trucks may have eight or more tubeless tires installed; in contrast, two-wheelers have two tires installed, while passenger cars have four tires installed.

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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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