Press release
The Automotive Tubeless Tires Landscape Is Slated To Reach A Valuation Of US$ 819.45 Billion by 2032
Automotive Tubeless Tires Market
Rising in automobile ownership, demand for high-performance vehicles and the consequent increase in automotive production will contribute to the expansion of the automotive tire market. Leading companies are heavily investing in research and development to improve efficiency and produce premium quality tires. Soaring popularity of electric vehicles is encouraging them to create modified and lightweight tires, especially designed for electric and hybrid vehicles. Some of the market players are also collaborating with online retail services to increase customer reach, provide better service and increase revenue.
๐๐ผ๐๐ป๐น๐ผ๐ฎ๐ฑ ๐๐ฟ๐ฒ๐ฒ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐๐ผ๐ฝ๐ ๐ผ๐ณ ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐:
https://www.factmr.com/connectus/sample?flag=S&rep_id=103
๐๐ฒ๐ ๐๐ต๐ฎ๐น๐น๐ฒ๐ป๐ด๐ฒ๐ ๐ฒ๐ป๐ฐ๐ผ๐๐ป๐๐ฒ๐ฟ๐ฒ๐ฑ ๐ฏ๐ ๐๐๐๐ผ๐บ๐ผ๐๐ถ๐๐ฒ ๐ง๐๐ฏ๐ฒ๐น๐ฒ๐๐ ๐ง๐ถ๐ฟ๐ฒ๐ ๐๐ป๐ฑ๐๐๐๐ฟ๐
Increased Demand for Airless Tires to Impede the Market Prospects
The increased demand for airless tires in some vehicles is one of the major factors that is expected to limit the growth of the automotive tubeless tires market during the forecast period. In addition, large capital investment for production and fluctuation in the prices of raw material are factors estimated to obstruct the market growth over the analysis period.
The increased prices of raw materials such as fiber and composite metals are expected to hamper the growth of the automotive tubeless tires market in the near future. Also, the high cost of damage repair is a factor challenging automotive tubeless tires market during the forecast period.
๐๐ผ๐ ๐๐ถ๐น๐น ๐๐ต๐ฒ ๐๐ฟ๐ผ๐๐๐ต ๐ผ๐ณ ๐๐๐๐ผ๐บ๐ผ๐๐ถ๐๐ฒ ๐ง๐๐ฏ๐ฒ๐น๐ฒ๐๐ ๐ง๐ถ๐ฟ๐ฒ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐๐ฐ๐ฎ๐น๐ฎ๐๐ฒ ๐ฎ๐ฐ๐ฟ๐ผ๐๐ ๐๐ต๐ฒ ๐จ.๐ฆ?
Advancements in Autonomous Vehicles to Broaden Market Growth Prospects in the Country
As per Fact.MR, the U.S automotive tubeless tires market is slated to flourish at a CAGR of 7.5% until 2032. Rising sales of electric vehicles and development of technologically advance autonomous vehicles are stimulating the demand for automotive tubeless tires in the US. Change in taxation policy and shifting consumer preference towards safer, comfortable and more durable tires is fueling the market growth in the country.
Increasing production of automotives and growing popularity of pickup trucks and similar light commercial vehicles will further accelerate the market growth. Increasing investment towards developing green tires and rise in demand of rethread tires are boosting the automotive tire market sales in the country.
The U.S automotive tubeless tires market is very competitive and leading market players are employing inorganic strategies to increase their revenue generation rate and capture maximum market. The inorganic strategies include strategic collaboration and merger with automobile manufacturers.
๐ช๐ถ๐น๐น ๐ฅ๐ฎ๐ฑ๐ถ๐ฎ๐น ๐ง๐ถ๐ฟ๐ฒ๐ ๐ฆ๐ฒ๐ด๐บ๐ฒ๐ป๐ ๐ฟ๐ฒ๐บ๐ฎ๐ถ๐ป ๐๐ผ๐บ๐ถ๐ป๐ฎ๐ป๐ ๐ถ๐ป ๐๐ต๐ฒ ๐ฃ๐ฟ๐ผ๐ฑ๐๐ฐ๐ ๐ง๐๐ฝ๐ฒ ๐๐ฎ๐๐ฒ๐ด๐ผ๐ฟ๐?
High Demand for Radial Tires Segment to Enhance Growth Prospects
By product type, demand for radial tires segment is likely to accelerate the fastest, documenting a value CAGR worth 7.4% from 2022 to 2032, according to Fact.MR.
Superior performance characteristics such as low rolling resistance, high heat dissipation, and long life are some of the factors encouraging radial tires sales especially in heavy commercial vehicles. In addition, low rolling resistance of radial tires enhances the flexibility of moving tire. These characteristics make radial tires a preferred choice for automotive tires.
๐๐ฒ๐ ๐๐๐๐๐ผ๐บ๐ถ๐๐ฎ๐๐ถ๐ผ๐ป ๐ผ๐ป ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ณ๐ผ๐ฟ ๐ฆ๐ฝ๐ฒ๐ฐ๐ถ๐ณ๐ถ๐ฐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฆ๐ผ๐น๐๐๐ถ๐ผ๐ป๐:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=103
๐๐ผ๐บ๐ฝ๐ฒ๐๐ถ๐๐ถ๐๐ฒ ๐๐ฎ๐ป๐ฑ๐๐ฐ๐ฎ๐ฝ๐ฒ
Prominent manufacturers of dairy whiteners are aiming at broad basing their outreach across promising geographies, deploying such expansion strategies as introducing new products, forging strategic collaborations with existing players, and acquiring small-scale manufacturers. Some significant market developments are given below:
โข In June 2018, Arla Foods announced a plan to invest over โฌ 500 million, focusing its investments in four key areas: dairy products, healthy and natural foods, whey and sustainable food production. As of that year, over 66% of its spending focused on increasing its presence across Europe
โข In October 2021, Fonterra Co-operative announced that its outreach in the U.K for dairy products will augment further, as the country has agreed to removing tariffs on all dairy products over the next 5 years, with a view to offset barriers encountered during the COVID-19 pandemic
Key Companies Profiled:
โข Fonterra Co-operative Group Limited
โข Nestle S.A
โข Danone S.A
โข Inner Mongolia Yili Industrial Group Co. Ltd
โข Morinaga Milk Industry Co. Ltd.
โข Britannia Industries Limited
โข Gujarat Co-operative Milk Marketing Federation Ltd.
โข Hatsun Agro Product Ltd.
โข Arla Foods amba
โข Schreiber Foods Inc.
๐๐ฒ๐ ๐ฆ๐ฒ๐ด๐บ๐ฒ๐ป๐๐ ๐๐ผ๐๐ฒ๐ฟ๐ฒ๐ฑ
โข Product Type
Flavoured Dairy Whitener
Unflavoured Dairy Whitener
โข Packaging
Dairy Whitener in Carton Packs
Dairy Whitener in Sachets
Dairy Whitener in Plastic Jars
Dairy Whitener in Jigger Pots
Dairy Whitener in Stick Packaging
โข Sales Channel
Dairy Whitener Sales via Modern Grocery
Dairy Whitener Sales via Traditional Retail Grocery
Dairy Whitener Sales via Non-Grocery Retail
Dairy Whitener Sales via Other Channels
๐๐ฒ๐ ๐ฃ๐ผ๐ถ๐ป๐๐ ๐๐ผ๐๐ฒ๐ฟ๐ฒ๐ฑ ๐ถ๐ป ๐๐ฎ๐ถ๐ฟ๐ ๐ช๐ต๐ถ๐๐ฒ๐ป๐ฒ๐ฟ ๐๐ป๐ฑ๐๐๐๐ฟ๐ ๐๐ป๐ฎ๐น๐๐๐ถ๐
โข Market estimates and forecast 2016-2031
โข Key drivers and restraints impacting market growth
โข Segment-wise, Country-wise, and Region-wise Analysis
โข Competition Mapping and Benchmarking
โข Market Share Analysis
โข Key Product Innovations and Regulatory Climate
โข COVID-19 Impact on Dairy Whitener Market and How to Navigate
โข Recommendation on Key Winning Strategies
๐๐ผ๐ฟ ๐ ๐ผ๐ฟ๐ฒ ๐๐ป๐๐ถ๐ด๐ต๐๐:
https://www.prnewswire.com/news-releases/rising-textile-production-to-push-industrial-enzymes-sales-past-us-9-bn-by-2032-301566569.html
https://www.prnewswire.com/news-releases/biopolymer-usage-in-packaging-to-provide-renewable-chemicals-us-262-9-bn-market-opportunity-by-2032--301567692.html
https://www.prnewswire.com/news-releases/catapulted-by-rising-applications-in-automotive-industry-demand-for-polyisobutene-to-reach-us-4-8-bn-by-2032--301568473.html
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