Automotive Tubeless Tyre Market Will Generate Record Revenue by 2029

Global automotive tubeless tyres market is anticipated to grow at a considerable CAGR of 8.0% during the forecast period. An automotive tubeless tyres has a molded rim that maintains air pressure inside the tyres and seals the flanges of the wheel. Tubeless tyres possess low thickness and hence, tyres manufactures developed advanced tyres in which the rate of air loss is considerably low as compared to traditional tyres, and the tyres is suitable for hiking, adventure activities, and others. In March 2023 Bridgestone Americas announced it was chosen by Lamborghini as its exclusive tire partner for the new Revuelto, Lamborghini's first-ever super sports V12 HPEV (High Performance Electrified Vehicle). with this partnership the company offers the Bridgestone Potenza Sport tires that are specifically developed for the Lamborghini Revuelto and available with Run Flat Technology (RFT). This enables drivers to continue driving safely even after a puncture - for 50 miles at 50 mph with 0-bar pressure.

In addition, the market players which include, Sumitomo Rubber Industries, Ltd., Toyo Tire & Rubber Co. Ltd., Yokohama Tire Corp., Pirelli, and others are collaborating, entering into partnership strategies, and providing funding to remain competitive in the global market. For instance, in March 2023 Pirelli launched its new P ZERO Race TLR, the tubeless version of its clincher tyres for road bikes. This product has been redesigned with new technologies and is manufactured in the modernised and innovative Pirelli plant in Milan-Bollate. This new technology reduces rolling resistance, thus improving the smoothness of these tyres by 24% compared to the P ZERO Race TLR's predecessor. Moreover, the new P ZERO Race TLR is much more flexible and thinner than a traditional butyl rubber layer, with improved mechanical resistance characteristics and can offer a better level of puncture protection than a classic bead-to-bead fabric casing. In addition in September 2021, Bridgestone supply radial tyres by entering into a contract with Tata Motors. Under the contract, Bridgestone supplies its R156 tubeless tyre for fitment in Tata Motors' electric buses. These tyres are supplied for 150 e-buses that are being manufactured by Tata Motors for Brihanmumbai Electric Supply and Transport (BEST). The tubeless R156 provides higher fuel efficiency, as it is an eco-friendly tyre that is a suitable fitment for e-buses.

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Market Coverage

• The market number available for - 2022-2030

• Base year- 2022

• Forecast period- 2023-2030

Segment Covered-

· By Type

· By Vehicle Type

· By Pattern Design

Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

• Competitive Landscape- including Continental AG, Continental AG, Goodyear Tire & Rubber, MRF Ltd., Apollo Tires Ltd., and among others.

A full Report of Automotive Tubeless Tyre Market is Available @ https://www.omrglobal.com/industry-reports/automotive-tubeless-tyre-market

Automotive Tubeless Tyres Market Report Segment

By Type

· Bias Tubeless Tire

· Radial Tubeless Tire

By Pattern Design

· Lug

· Rib

· Semi Lug

By Vehicle Type

· Passenger Cars

· Commercial Vehicles

· Two Wheeler

Automotive Tubeless Tyres Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

Company Profiles

· Hankook Tire Co. Ltd.

· Apollo Tires Ltd

· Bridgestone Corp.

· Cooper Tire & Rubber Co.

· CST

· Hankook Tire Co. Ltd.

· Kumho Tire Co., Inc.

· Michelin

· Pirelli Tire S.p.A.

· Sumitomo Rubber Industries, Ltd.

· Toyo Tire & Rubber Co. Ltd.

· Yokohama Tire Corp.

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