openPR Logo
Press release

Tubeless Tire Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2026

08-10-2020 07:59 AM CET | Tourism, Cars, Traffic

Press release from: WISEGUY RESEARCH CONSULTANTS PVT LTD

Global Tubeless Tire Industry

TUBELESS TIRE MARKET

The global tubeless tire market is projected to reach around $225.7 billion by 2026 at a CAGR of approximately 7.0%, from 2018 to 2026, according to the  research company.

Market Overview:
The tire is a complex technical component of vehicles and it must perform a variety of functions, such as cushion, dampen, and provide long term service. Most of all, it must be capable of transmitting strong longitudinal and lateral forces (during braking, accelerating, and cornering man oeuvres) in order to assure optimal and reliable road holding quality. The Tubeless tire is modern type of the tires, which have no inner tubes and the outer surface of the tire makes an air tight sealing with meral rim. Tubeless tires have many advantages, like the fuel efficiency, light weight, less balance weight required, stability, supports vehicle load and breaking force to road surface, and safe and cost effective. These advantages increasing the adoption of tubeless tires across the globe.
The tubeless tire market is mainly driven by the factors, such as increasing production and sales of the vehicles, strict government rules and regulations, wide range of advantages of tubeless tires over the conventional tires. The rising demand for radial tires further supports the growth of the tubeless tires market, the radial tires have witnessed a strong demand from truck and bus end user due to improved road infrastructure. However, volatility in the raw material prices and the high capital investment for installation of the manufacturing facility restraints the growth of the market.

Try Free Sample of Global Tubeless Tire Market @   https://www.wiseguyreports.com/sample-request/4532853-global-tubeless-tire-market-report-forecast-to-2026

Market Dynamics: Drivers, Restraints, Opportunities Challenges
Increasing production and sales of vehicles is the primary factor that drives the meat alternative market
The increasing production and sales of vehicles and a growing demand for replacement of tires is providing a significant opportunity for the players operating in the tire market. The global light vehicle production was around 95 million units in 2018 and is expected to reach around 101 million units by 2026. Hence, the growing production and sales of the vehicles drives the growth of the tubeless tires market across the globe, as they have longer operational life, low maintenance and easy repairable.

• Strict government rules and regulations
The growing concern about public safety and increasing accidents have hard pressed the government to frame strict regulations against the use of poor quality tires. As a result, the policies have been legislated against the utilization of WTO incompatible tires. Also, it is becoming necessarily to inform the consumers about the effect of tires on fuel efficiency, safety, and durability. Such government activities are responsible for the continuous growth and development of the tubeless tire market.

Key Segments
Tubeless Tire Market by Type
• Radial
• Bias
Tubeless Tire Market by Vehicle Type
• Two-Wheeler
• Passenger Car
• Commercial Vehicle
Tubeless Tire Market by Distribution Channel
• Original Equipment Manufacturer (OEM)
• After-Market

Geographic Landscape
• Asia-Pacific dominates the global tubeless tire market with the fastest growth rate
The Asia-Pacific region is expected to hold maximum share of this market with the strong growth, mainly attributed to the advancement in the automotive industry, increasing production and sales of vehicles, and favorable government initiatives in the countries like India and China. Adding to this, the availability of the labor with the cheap cost and high production of rubber is further support the growth of the tubeless tire market in the region.

Competitive Landscape:
Tubeless tires market is growing at a significant rate and more and more providers are emerging to mark their position in the market. The established as well as emerging players are implementing various strategies to develop their business and gain attractive share in this market. For instance, Apollo Tires Ltd. recently forayed into the two-wheelers market segments by launching Acti-series tubeless tires with an aim to strengthen the company’s foothold in India. Acti-series possesses excellent wet and dry braking competency along with cornering stability. The series has been designed with the prime focus on safety, grip, and comfort. Such developments enables the companies to enhance their market presence and also increase the competitive scenario in the market.

Some of the major players in the tubeless tire market include Bridgestone Corporation, The Goodyear Tire & Rubber Company, Continental AG, MICHELIN, Pirelli Tire S.p.A., Sumitomo Rubber Industries, Ltd., Hankook Tire Co. Ltd., CST., Yokohama Tire Corporation, Toyo Tire & Rubber Co. Ltd. amongst others.

If you have any enquiry before buying a copy of this report @ https://www.wiseguyreports.com/enquiry/4532853-global-tubeless-tire-market-report-forecast-to-2026

 Some points from table of content:

1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Industry Insights
6. Tubeless Tire Market, by Type
7. Tubeless Tire Market, by Vehicle Type
8. Tubeless Tire Market, by Distribution Channel
9. Tubeless Tire Market, by Region
10. Competitive Landscape
11. Company Profiles
11.1. Bridgestone Corporation
11.2. The Goodyear Tire & Rubber Company
11.3. Continental AG
11.4. MICHELIN
11.5. Pirelli Tire S.p.A.
11.6. Sumitomo Rubber Industries, Ltd.
11.7. Hankook Tire Co. Ltd.
11.8. CST.
11.9. Yokohama Tire Corporation
11.10. Toyo Tire & Rubber Co. Ltd

For more information or any query mail at sales@wiseguyreports.com

NOTE : Our team is studying Covid-19 and its impact on various industry verticals and wherever required we will be considering Covid-19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

Contact Us:
Norah Trent
+91 841 198 5042
Office No. 528, Amanora Chambers
Pune - 411028
Maharashtra, India

About Us
Wise Guy Reports is part of the Wise Guy Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe. Wise Guy Reports understand how essential statistical surveying information is for your organization or association. Therefore, we have associated with the top publishers and research firms all specialized in specific domains, ensuring you will receive the most reliable and up to date research data available.

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 Tubeless Tire Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2026 here

News-ID: 2107801 • Views: 320

More Releases from WISEGUY RESEARCH CONSULTANTS PVT LTD

Global Virtual Workspace Management Tools Market 2020: key Vendors, Trends, Anal …
Summary A New Market Study, titled “Virtual Workspace Management Tools Market Upcoming Trends, Growth Drivers and Challenges” has been featured on WiseGuyReports. This report provides in depth study of “Virtual Workspace Management Tools Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Virtual Workspace Management Tools Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such
Global Menswear Market 2020: key Vendors, Trends, Analysis, Segmentation, Foreca …
Summary A New Market Study, titled “Menswear Market Upcoming Trends, Growth Drivers and Challenges” has been featured on WiseGuyReports. This report provides in depth study of “Menswear Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Menswear Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production,
Global Sandwich Market 2020: key Vendors, Trends, Analysis, Segmentation, Foreca …
Summary A New Market Study, titled “Sandwich Market Upcoming Trends, Growth Drivers and Challenges” has been featured on WiseGuyReports. This report provides in depth study of “Sandwich Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Sandwich Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production,
Global B2B Concentrated Fruit Juice Market 2020: key Vendors, Trends, Analysis, …
Summary A New Market Study, titled “B2B Concentrated Fruit Juice Market Upcoming Trends, Growth Drivers and Challenges” has been featured on WiseGuyReports. This report provides in depth study of “B2B Concentrated Fruit Juice Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The B2B Concentrated Fruit Juice Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such

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
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
Tubeless Tire Market is Booming Worldwide | BFGoodrich, NITTO TIRE, Kumho, GITI …
HTF MI recently introduced Global Tubeless Tire Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Toyo Tire & Rubber, BFGoodrich, NITTO TIRE, Kumho, GITI Tire, Maxxis,
Retread Tires Market: Tire Recappers, Canton Bandag Tire Co, New England Truck T …
MarketResearchReports.Biz adds “Global Retread Tires Market Share, Size, Trends and Forecast Market Research Report” reports to its database. This report provides a strategic analysis of the Retread Tires market and the growth estimates for the forecasted period. This report studies the global Retread Tires market status and forecast, categorizes the global Retread Tires market size (value & volume) by key players, type, application, and region. This report focuses on the top
Global Aerospace Tire Market 2018 - Desser, Dunlop, Goodyear, Petlas Tire
Apex Market Reports, recently published a detailed market research study focused on the “Aerospace Tire Market” across the global, regional and country level. The report provides 360° analysis of “Aerospace Tire Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Aerospace Tire on
Global Automotive Tire Market 2017 - Bridgestone, Continental, Cooper Tire
The report entitled Global Automotive Tire Market 2017 presents key insights into the global Automotive Tire market along with the latest up-to-date industry details and forthcoming Automotive Tire industry trends, which will assist the readers to focus on product specification and end users driving the overall market revenue and profitability. Report Keynotes: The main motive of the report on "Global Automotive Tire Market 2017" is to study comprehensive details of the market