Press release
Global Automotive Tubeless Tire Market is set to reach USD 192.8 Billion by 2024
Global automotive tubeless tire market expected to reach 192.8 billion by the end of forecast period i.e. 2024. Further, the market is anticipated to expand at compound annual growth rate of 6.2% in over the forecast period i.e. 2016-2024. Passenger car tubeless tire market dominated the vehicle type segment with a market share of 42% in 2016. Stringent government regulations to ensure the passenger safety are one of the major factors which are pushing the automotive manufacturers towards the adoption of tubeless tires. The global automotive tubeless tire market is anticipated to be driven by growing production and demand of automobiles globally.“Global Automotive Tubeless Tire Market outlook 2024”
Market Segmentation
By Tire Type
• Radial Tubeless Tire
• Bias Tubeless Tire
By Vehicle Type
• Passenger Car
• Commercial Vehicles
• Others
By Distribution Channel
• Original Equipment manufacturer (OEMs)
• Aftermarket
By Region
• North America (U.S., Canada)
• Latin America (Mexico, Brazil and Rest of Latin America)
• Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe)
• Asia-Pacific (China, India, Singapore, Japan, Australia, New Zealand, South Korea and Rest of Asia Pacific)
• Middle East and Africa (MEA)
• Rest of World
“Global Automotive Tubeless Tire Market Outlook 2024” contains detailed overview of the global automotive tubeless tire market in terms of market segmentation by Tire Type, by Vehicle Type, by Distribution Channel Type.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes provides competitive outlook of some of the major players of the global automotive tubeless tire market which includes profiling of companies of Goodyear Tire and Rubber Company, Yokohama Tires, Bridgestone Corporation, Continental AG, Pirelli Tire S.p.A, Sumitomo Rubber Industries Ltd., Hankook Tire Co. Ltd. and etc.
The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents comprehensive synopsis on the global automotive tubeless tire market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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“According to Goldstein Research, the advancement in tubeless tire material is up lifting the demand for automotive tubeless tire market across the globe.”
Steve Blade
(Global Sales Head)
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