Tubeless Tire Industry 2019 Global Market Size, Growth, Share, Competitive Analysis, Key Players, Sales, Revenue, And Regional Forecast To 2023
According to latest “Tubeless Tire Market 2019 Global Industry Forecast To 2023 Report, published by “MarketResearchFuture, The Global Tubeless Tire Market is Projected to Grow from a market size of USD 131.3 Billion in 2019 to USD 211.5 Billion in 2023 at a CAGR of 7.15%.
Pune, India – May 22, 2019 /MarketersMedia/ —
A tubeless tire refers to an inflated tire which does not require any inner tube. The tubeless tire has molded rim which inserts air pressure inside the tire to seal the flanges of the wheel rim. Report Segments Tubeless Tire Market by Tire Type (Radial and Bias), Vehicle Type (Passenger car, commercial Vehicles, and Others), by Distribution Channel (OEM and Aftermarket), and by Regional forecast 2019 to 2023.
Tubeless Tire Industry Key Players Studied in Report:
Bridgestone Corporation (Japan), The Goodyear Tyre & Rubber Company (U.S.), Madras Rubber Factory (MRF) Limited (India), CEAT Tyres ltd. (India), Continental Corporation (Germany), Michelin (France), Pirelli & C. S.p.A (Italy), Yokohama Tire Corporation (U.S.), Toyo Tire & Rubber Co., Ltd. (Japan) and Cooper Tire & Rubber Company (U.S.).
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Global Tubeless Tire Market 2019 Analysis:
The global tubeless tire market is a very dynamic market and is expected to witness high growth over the forecast period. The market is driven by various factors such as Growth in automotive industry in developing countries, Implementation of Stringent Vehicular Emission & Fuel Economy Norms, Increase in Production of Vehicles and rising Demand for Radial Tires. The major demand for radial tires has been witnessed in the truck and bus segment due to improved road infrastructure and the introduction of fuel-efficient products in the automobile industry.
The increase in urbanization will lead to an increase in use of both, passenger and commercial vehicles, due to which there will be growth in automotive tubeless tires market. China is one of the most densely populated urban centers. Governments of various countries have taken initiatives to promote the manufacturing and adoption of tubeless tires by the manufacturers for controlling harmful emissions. Therefore, the introduction of stringent vehicular emission and fuel economy norms, drive the growth of the tubeless tires market.
Key questions answered by the report:
Which applications/segments provides the maximum Tubeless Tire Market growth opportunity?
What are the emerging technologies and how it would disrupt the market?
Who are the key players dominating the market, followed by other prominent vendors and strategies adopted by them?
What was the Tubeless Tire Market size and what would be the forecast in next few years?
Regional and country attractiveness: mid to long term outlook?
Tubeless Tire Market dynamics including trends, opportunities, drivers, challenges and how this would impact the market eco-system?
Market Segmentation:
This study provides an overview of the global tubeless tire market, tracking four market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global tubeless tire market by tire type, vehicle type, distribution channel and regions.
By Tire Type:
Radial
Bias
By Vehicle Type:
Passenger car
Commercial Vehicles
Others
By Distribution Channel:
OEM
Aftermarket
Regional Outlook:
Asia-Pacific region is expected to be the largest market of tubeless tire market during the forecast period. Asia Pacific has the largest automotive tubeless tire market, owing to rise in automotive industry in countries such as China, Japan, and South Korea. The increase in the penetration level of passenger cars and two wheelers in the region, is boosting the demand for tubeless tires. The increase in sales of the automobiles in the region can be attributed to factors such as increasing per capita income, increased infrastructure spending, attractive FDI from governments and economic production cost. Asia Pacific region has ample number of tire manufacturing plants due to huge rubber production, low labor cost and favorable government policies. Asia Pacific is expected to continue its dominance in the global tubeless tire market, owing to projected increase in the region’s vehicle production, sales and vehicle fleet.
Research Methodology:
Immaculate methodologies applied by dexterous research analysts at Market Research Future (MRFR) bring out the best in the reports. The report is a specimen of deft handling of the subjected market as well which has undergone two complimenting methodology; primary and secondary. The primary method includes obtaining data from interviews and discussions with the market influencers and analyzing of the same for a better grasp over the said market. The method is followed by a secondary one that includes top-down and bottom-up approaches to gain profound insights regarding the industry. The report further contains a detailed analysis of the market trends, factors, and expert inputs to offer a better-quality report.
List of Tables:
TABLE 1 MARKET SYNOPSIS
TABLE 2 GLOBAL TUBELESS TIRE MARKET, BY TIRE TYPE, 2015–2023 (USD BILLION)
TABLE 3 GLOBAL TUBELESS TIRE MARKET, BY VEHICLE TYPE, 2015–2023 (USD BILLION)
TABLE 4 GLOBAL TUBELESS TIRE MARKET, BY DISTRIBUTION CHANNEL, 2015–2023 (USD BILLION)
TABLE 5 GLOBAL TUBELESS TIRE MARKET, BY REGION, 2015–2023 (USD BILLION)
TABLE 6 NORTH AMERICA: TUBELESS TIRE MARKET, BY COUNTRY, 2015–2023 (USD BILLION)
TABLE 7 NORTH AMERICA: TUBELESS TIRE MARKET, BY TIRE TYPE, 2015–2023 (USD BILLION)
Continued…
List of Figures:
FIGURE 1 RESEARCH PROCESS OF MRFR
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH
FIGURE 3 DRIVERS, RESTRAINTS AND OPPORTUNITIES FOR GLOBAL TUBELESS TIRES MARKET
FIGURE 4 TOTAL PRODUCTION OF CARS IN CHINA, 2014-2016
FIGURE 5 SALES OF NEW VEHICLE, 2013-2016
FIGURE 6 PORTER’S 5 FORCES ANALYSIS
FIGURE 7 VALUE CHAIN ANALYSIS
FIGURE 8 GLOBAL TUBELESS TIRE MARKET SIZE, BY TIRE TYPE, 2016-2023 (USD BILLION)
Continued…
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