openPR Logo
Press release

Impact of COVID-19 Pandemic on Automotive Tubeless Tire Market Trends, Size, Competitive Analysis and Forecast to 2025

07-30-2020 04:29 PM CET | Logistics & Transport

Press release from: Allied Market Research

Automotive Tubeless Tire Market

Automotive Tubeless Tire Market

The Objective of the “Global Automotive Tubeless Tire Market” report is tdepict the trends and upcoming for the Automotive Tubeless Tire industry over the forecast years. Automotive Tubeless Tire Market report data has been gathered from industry specialists/experts. Although the market size of the market is studied and predicted from 2017 t2023 mulling over 2016 as the base year of the market study. Attentiveness for the market has increased in recent decades due tdevelopment and improvement in the innovation.

Automotive Tubeless Tire Market was valued at $132 billion in 2016 and is projected treach $198 billion by 2023, growing at a CAGR of 6.2% from 2017 t2023. Growth in the automotive industry in developing countries and stringent vehicular emission & fuel economy norms among different countries boosted the demand for automotive tubeless tires in the market. However, fluctuation in the cost of raw material, such as steel & rubber and huge capital investment required tset up a new manufacturing facility is restraining the market growth. Moreover, the rise in an average life span of vehicles, and advancement in technology are expected tcreate numerous opportunities for market growth.

For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/2036

The market is bifurcated intradial and bias tubeless tire. In 2016, radial tubeless tire accounted for the highest revenue and is expected tmaintain its dominance throughout the forecast period. This is due tits advantage over bias tires, such as runs cooler, rigid construction, longer tread life, wider footprint, more traction between tire & road surface, and enhances ride quality. In addition, a rise in the application of radial tire in two-wheelers, passenger cars, and light commercial vehicles is driving the market growth.

The market is divided inttwo-wheelers, passenger cars, and commercial vehicles. In 2016, the passenger car segment accounted for about 56% of the overall automotive tubeless tire market and is anticipated tmaintain its dominance throughout the forecast period. This is due tthe rise in the number of passenger cars, and government rules & regulations regarding vehicular emission & fuel economy. As per the OICA Car Association, in 2016, approximately 69 million passenger cars were sold across the globe, which further boost the demand for the tubeless tire in the automotive industry.

Geographically, the market is classified intNorth-America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for the majority of revenue in 2016 and is expected tmaintain its dominance, followed by North America and Europe. This is attributed tthe rise in disposal income, which further boosts the number of vehicles and growth in the aftermarket.

Download Sample Report: https://www.alliedmarketresearch.com/request-sample/2036

Key players in the marine propeller market are focused texpand their business operations in emerging countries with new product launches as a preferred strategy. The major players profiled in this report include,

Bridgestone Corporation
The Goodyear Tyre & Rubber Company
Continental AG
MICHELIN
Pirelli Tyre S.P.A.
SumitomRubber Industries Ltd.
Hankook Tire Co. Ltd.
CST
Yokohama Tire Corporation
ToyTire & Rubber Co. Ltd.

Report Customization @ https://www.alliedmarketresearch.com/request-for-customization/2036

Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Impact of COVID-19 Pandemic on Automotive Tubeless Tire Market Trends, Size, Competitive Analysis and Forecast to 2025 here

News-ID: 2099989 • Views:

More Releases from Allied Market Research

Thermoplastic Composites Market Business Opportunities, Challenges, Drivers and Restraint Research Report by 2027
Thermoplastic Composites Market Business Opportunities, Challenges, Drivers and …
The global thermoplastic Composites market is presently driven by the automotive, construction and aerospace industries. In the aerospace & defense industry, the use of thermoplastic composites is primarily intended to minimize the total weight and corrosion in the aircraft structure. In addition, maintenance costs for aircraft produced using composites have significantly decreased compared with maintenance costs for aircraft produced using conventional materials. Thermoplastic composites having various properties including insubstantial weight,
Glass Fiber Reinforced Plastics (GFRP) Composites Market to Reach $37.2 Billion …
Allied Market Research published a report, titled, "Glass Fiber Reinforced Plastic (GFRP) Composites Market by Resin Type (Polyester Resin, Vinyl Ester Resin, Epoxy Resin, Polyurethane Resin, and Others), Process (Manual Process, Continuous Process, Compression Molding, and Injection Molding), and End-Use Industry (Aerospace and Defense, Construction, Wind Energy, Automotive, Electrical and Electronics, and Others): Global Opportunity Analysis and Industry Forecast, 2022-2032". According to the report, the global glass fiber reinforced plastic
India Bitumen Market Statistics, Size Will Hit $6.8 Billion By 2032 | Growth With Recent Trends & Demand
India Bitumen Market Statistics, Size Will Hit $6.8 Billion By 2032 | Growth Wit …
Bitumen is a mixture of viscous, highly sticky, and black organic liquids, which is soluble in carbon disulfide and primarily consists of condensed polycyclic aromatic hydrocarbons. It is a crucial component of asphalt, which is used to build roads, streets, and other parts of infrastructure. One of the primary applications of bitumen is in road construction. It is used as a binder in asphalt concrete, which is a mixture of
Mining Metal Market Size to Worth $1.6 Trillion by 2032 | Major Companies, Strategies and New Trends
Mining Metal Market Size to Worth $1.6 Trillion by 2032 | Major Companies, Strat …
Allied Market Research recently unveiled a report titled "Mining Metal Market," forecasting trends from 2023 to 2032. This market, categorized by type and end-use industry, is set to expand from $1.0 trillion in 2022 to $1.6 trillion by 2032, with a notable CAGR of 5.1% during 2023-2032. 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 : https://www.alliedmarketresearch.com/request-sample/504 Prime Determinants of Growth: Several factors fuel the growth of the global mining metal market, including the shift

All 5 Releases


More Releases for Tire

Pneumatic Tire Market Worth Observing Growth | The Yokohama, Michelin, Continent …
Key Findings of Pneumatic Tire Market • The growth of the global pneumatic tire market would be supplemented by the growing automobile sector • The segment of radial tires accounts for the higher sales in the pneumatic tire market owing to their various advantages over cross ply tires, which include longer durability, improved performance and better mileage • Asia Pacific is the biggest tire market and would maintain its position over the forecast period. Download FREE Report
Run Flat Tire Market Research Report | Top players Cooper Tire & Rubber Company, …
The global run flat tire market to gain momentum from the increasing production of commercial and passenger vehicles. Besides, these tires enable drivers to travel to the nearest service center safely, even if there is persistent loss of air from the tires. With the help of these tires, cars can be driven up to around 80km at an average speed. Fortune Business Insights(TM) provided this information in a recent report,
Tire Recycling Market: How the Business Will Grow in 2025? Prominent Players: Mi …
Tire Recycling Industry 2019 report provides concentrated and in-depth analysis of the existing situation of the Global Tire Recycling market, along with market share, revenue, assertive perception and forecast 2025.the report also provides current Tire Recycling business situation along with a valid assessment of the Tire Recycling business. Tire Recycling report is partitioned based on driving Tire Recycling players, application and regions. Tire recycling, or rubber recycling, is the process of
Vacuum Tire Market Scenario Highlighting Major Drivers & Trends, 2019 – 2025 | …
Vacuum Tire Industry research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and
Tire derived Fuel Market | Top Key Players: Ragn-Sells Group, Liberty Tire Whole …
Market Research Report Search Engine (MRRSE) recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled “Tire derived Fuel Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026” offers a detailed analysis of the market providing insights into the market dynamics that are expected to influence the overall market positively in the next few years.
Global Tire derived Fuel Market Research Report 2018-2025 | Global Key -Liberty …
Looking at the current trends across the Tire derived Fuel market, a new study has been included to the wide database of Market Research Hub (MRH). The assessment is titled "Global Tire derived Fuel Market Insights, Forecast to 2025", which discourses the various market impacting factors like drivers, restraints and opportunities. Moreover, readers are informed about the competitive landscape which enlightens about the different players operating in the Tire derived