Press release
Rolling with Confidence : Analyzing the Automotive Tubeless Tire Market
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ : https://www.alliedmarketresearch.com/request-sample/2036
Tubeless tires operate without an inner tube, and the outer surface of tubeless tire makes an air tight sealing with metal rim, and air is held in the assembly of casing and rim. Growth in 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 cost of raw material, such as steel & rubber and huge capital investment required to set up new manufacturing facility is restraining the market growth. Moreover, rise in average life span of vehicles, and advancement in technology are expected to create numerous opportunities for the market growth.
By type segment, the market is bifurcated into radial and bias tubeless tire. In 2016, radial tubeless tire accounted for the highest revenue, and is expected to maintain its dominance throughout the forecast period. This is due to its 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, rise in application of radial tire in two wheelers, passenger cars and light commercial vehicles is driving the market growth.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ : https://www.alliedmarketresearch.com/automotive-tubeless-tire-market/purchase-options
By vehicle type segment, the market is divided into two 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 to maintain its dominance throughout the forecast period. This is due to rise in number of passenger cars, and government rules & regulation 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 of tubeless tire in automotive industry. Moreover, two-wheeler segment is expected to expand at the highest CAGR of 7.9% during the forecast period, owing to rising number of two-wheeler in developing countries such as China, India, Singapore and Thailand.
๐๐๐ ๐ ๐๐๐๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐ :
In 2016, the radial tubeless tire dominated the overall automotive tubeless tire market, and is projected to grow at a CAGR of 6% during the forecast period.
The bias tubeless tire segment is expected to grow at a lucrative CAGR of 7.1%.
The passenger car segment led the overall market in 2016, and is estimated to grow at a CAGR of 6.4%.
The two-wheeler segment is expected to grow at a significant CAGR of 7.9%.
In 2016, aftermarket segment accounted for the largest market share in the overall automotive tubeless tire market, and is estimate to grow at a CAGR of 5.8%.
The original equipment manufacturer (OEM) segment is expected to grow at a noteworthy CAGR of 7.4%.
Asia-Pacific accounted for the highest market share in 2016, and is anticipated to grow at a CAGR of 6.8%.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/2036
Key players in the marine propeller market are focused to expand their business operations in emerging countries with new product launch 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., Sumitomo Rubber Industries, Ltd., Hankook Tire Co. Ltd., CST., Yokohama Tire Corporation., and Toyo Tire & Rubber Co. Ltd.
๐๐จ๐ง๐ญ๐๐๐ญ :
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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