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

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).

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.