Automotive Tubeless Tires Market Forecast, Trend Analysis & Competition Assessment By 2022

Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth ofAutomotive Tubeless Tires Market. The study is titled as “Automotive Tubeless Tires Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022”, which deeply analyses the global market trends, with historical data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2017-2022. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the GlobalAutomotive Tubeless Tires Market.

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While tubeless tires are not exactly the puncture-proof alternative in the global tires market, their adoption is certainly expected to gain traction owing to their competitive advantage over tubular tires and non-pneumatic tires. Sales of tubeless tires continues to gain grounds in the global market, particularly due to their significance in lowering the incidence of flat tires, and affordable & easy repair. Vehicle owners are aware that punctures, which have the potential to put valuable logistic operations to a standstill, can be effectively avoided through adoption of tubeless tires.

Tubeless tires are a sub-type of pneumatic tires which come without a separate inner tube. Due to absence of inner tube, tubeless tires are vacuum-packed with the help of liquid sealants applied across the continuous ribs of the tire. With these ribs molded into the tire’s beads, tubeless tires can hold air under desired pressure, and are wrapped across the flanges of metal wheel rim.

Predominant Demand for Radial Tubeless Tires

Radial tires have effectively revolutionized the world of tires ever since their advent in 1940s, and are predicted to remain dominant in the global market for tubeless tires. The ability of radial tires to allow the sidewall and the tread of the tire to work independently gives them competitive edge over bias tires. In addition to this, radial tubeless tires are more flexible, stronger and better shock absorbers than their bias counterparts. The demand for radial tubeless tires is also expected to remain prevalent owing to their significance in lowering transversal slip of vehicles, and their capability transferring maximum torque to the vehicle through limited friction. With over three-fourth share on global revenues, sales of radial tubeless tires in the global market will surpass over US$ 150 Bn by 2022-end.

Aftermarket Sales of Tubeless Tires to Witness an Upsurge

The report has analyzed global sales of tubeless tires till date, inferring an outright dominance of aftermarket distribution of tubeless tires. While OEMs will strive to attain higher share as distribution channel in the global tubeless tires market, the aftermarket sales of tubeless tires are expected to gain steadfast growth pertaining to the rising customization needs of vehicle owners. In 2017, aftermarket sales of tubeless tires are expected to procure over three-fifth share on the global market value.

In terms of technology, the demand for tubeless tires developed on heated, and powered & heated production techniques will witness steady growth. The global sales of tubeless tires indicate a robust demand for tubeless tires developed on standard technology. Between 2017 and 2022, standard technology is anticipated to create an incremental opportunity of nearly US$ 38 Bn in the global tubeless tire market.

While passenger cars will be viewed as the largest end-use vehicle for tubeless tires, their adoption among two-wheeler/motorcycle owners is also expected to witness an upsurge. Through 2022, global sales of tubeless tires for two-wheelers will have procured over US$ 35 Bn in revenues.

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Competition Tracking

The report has also profiled leading manufacturers of tubeless tires which are expected to stay active in expansion of global tubeless tires market through 2022. Companies such as Bridgestone Corporation, The Yokohama Rubber Co. Ltd., Michelin North America Inc., The Goodyear Tyre & Rubber Company, Madras Rubber Factory Limited, Apollo Tyres Ltd., Pirelli & C. S.p.A., Cheng Shin Rubber Industry Co., Sumitomo Rubber Industries Ltd., and Continental AG are expected to remain key players in the global tubeless tire market.

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This release was published on openPR.