Automotive Tubeless Tyre Market
Automotive Tubeless Tyre Market Size, Share & Trends Analysis Report by Type (Bias Tubeless Tire, and Radial Tubeless Tire), by Pattern Design (Lug, Rib, and Semi Lug), and by Vehicle Type (Passenger Cars, Commercial Vehicles, and Two Wheeler) Forecast Period (2023-2030)
Automotive tubeless tyre market is anticipated to grow at a considerable CAGR of 8.0% during the forecast period. Numerous factors that drive the market growth include the growing adoption of the tubeless tire in response to its advantages. The benefits of tubeless tires over traditional tube-type tires include reduced risk of puncturing, lower rolling resistance, increased speed, comfort, and grip, greater range of pressure adjustment, ability to repair small holes, better traction, and elimination of pinch flats. In addition, the high demand for radial tires in bus and truck vehicles further fueled the market growth. The market players which include, Bridgestone, MRF, Ceat Ltd., and others are offering various ranges of tubeless tyres for automotive vehicles by adopting various strategies such as partnership, collaboration, funding, and others. For instance, in August 2022 Bridgestone Americas (Bridgestone) announced a major expansion and modernization of its Warren County, Tennessee Truck and Bus Radial (TBR) Tire Plant located in Morrison. The $550 million investment expand the plant's existing footprint by 850,000 square feet to support increased capacity and to accelerate the use of advanced technologies that support cleaner, safer and more efficient commercial truck and bus fleets.
However, tubeless tires are more expensive and require new rims, and fitting is messier and more time-consuming, this factor may restrain the market growth.
Segmental Outlook
The global automotive tubeless tyre market is segmented based on its type, pattern design, and vehicle type. Based on the type, the market is segmented into bias tubeless tyre and radial tubeless tyre. Based on the pattern design, the market is categorized into lug, rib, and semi lug. Further, based on the vehicle type, the market is segmented into passenger cars, commercial vehicles, and two-wheelers. Among the vehicle type segment, commercial vehicles are registered a significant market growth. The surge in the demand for commercial automobiles, stringent vehicular emission and fuel economy rules and regulations globally will drive the segment growth.
The Radial Tubeless Tyre Segment Holds a Considerable Share in the Global Automotive Tubeless Tyre Market
The radial tubeless tyre segment is anticipated to hold a prominent share of the market during the forecast period. Increasing use of radial tubeless tyres in heavy vehicles such as excavators, tractors, and others owing to their wider properties is projected to drive the segment growth. Moreover, the market players are offering a radial tubeless tyre that is designed to use in lift trucks, automated guided vehicles, container handlers, and cranes. For instance, in April 2023 Bridgestone Americas (Bridgestone) introduced the V-Steel Port Container Straddle (VPCS) radial tire, specially designed for straddle containers used in port terminals and intermodal yards. The new VPCS is engineered with enhanced load capacity, speed rating and durability for more efficient operations and extended service life.
Regional Outlooks
The global automotive tubeless tyre market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). Asia-Pacific is anticipated to exhibit considerable growth in the global automotive tubeless tyre market. The rising number of vehicles, and the extensive utilization of tubeless tyres especially in Japan, and China region, owing to to develop road infrastructure, is projected to accelerate the market growth.
Global Automotive Tubeless Tyre Market Growth, by Region 2023-2030
North America Region held Considerable Share in the Global Automotive Tubeless Tyre Market
Rising automobile registration, an increase in demand for high-performance vehicles, and a consequent increase in automobile production in the North American region will significantly contribute to the expansion of the automobile tubeless tyre market. According to the US Department of Energy's Vehicle Technologies Office, in 2022 total electric vehicles vehicle registration in New York was 51,780, in Florida it was 95,640, and in Texas, it was 80, 900. In addition, consistent development and introduction of new products by market players to increase their portfolio will continue to fuel the growth of the market. In january 2022, CADEX announced a new partnership with Team BikeExchange-Jayco. Both the men’s and women’s UCI WorldTour squads race on bikes equipped with CADEX WheelSystems, tubeless tires, saddles and other components. Riders can choose CADEX tubeless tires, including the Race and Classic models, or tubular tires depending on their wheel setups. Select riders are also riding the CADEX Boost saddle and Race handlebars.
Market Players Outlook
The major companies serving the global automotive tubeless tyre market include Continental AG, Continental AG, Goodyear Tire & Rubber, MRF Ltd., Apollo Tires Ltd., and among others. The market players are considerably contributing to the market growth by the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in March 2023, Continental launched two new GP5000 TT TR and GP5000 AS TR tubeless tyres that offer 'All-Season' variant that promises increased wet grip and puncture protection. Both new 'TT' and 'AS' variants are tubeless-ready and hookless compatible (with caveats).
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive tubeless tyre market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. CEAT Ltd
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Continental AG
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Goodyear Tire & Rubber
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. MRF Ltd
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Key Strategy Analysis
4. Market Segmentation
4.1. Global Automotive Tubeless Tyre Market by Type
4.1.1. Bias Tubeless Tire
4.1.2. Radial Tubeless Tire
4.2. Global Automotive Tubeless Tyre Market by Pattern Design
4.2.1. Lug
4.2.2. Rib
4.2.3. Semi Lug
4.3. Global Automotive Tubeless Tyre Market by Vehicle Type
4.3.1. Passenger Cars
4.3.2. Commercial Vehicles
4.3.3. Two Wheeler
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Hankook Tire Co. Ltd.
6.2. Apollo Tires Ltd
6.3. Bridgestone Corp.
6.4. Cooper Tire & Rubber Co.
6.5. CST
6.6. Hankook Tire Co. Ltd.
6.7. Kumho Tire Co., Inc.
6.8. Michelin
6.9. Pirelli Tire S.p.A.
6.10. Sumitomo Rubber Industries, Ltd.
6.11. Toyo Tire & Rubber Co. Ltd.
6.12. Yokohama Tire Corp.
1. GLOBAL AUTOMOTIVE TUBELESS TYRE MARKET RESEARCH AND ANALYSIS BY TYPE , 2022-2030 ($ MILLION)
2. GLOBAL BIAS AUTOMOTIVE TUBELESS TYRE MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
3. GLOBAL RADIAL AUTOMOTIVE TUBELESS TYRE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL AUTOMOTIVE TUBELESS TYRE MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2022-2030 ($ MILLION)
5. GLOBAL AUTOMOTIVE PASSENGER CARS TUBELESS TYRE MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
6. GLOBAL AUTOMOTIVE COMMERCIAL VEHICLES TUBELESS TYRE MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
7. GLOBAL AUTOMOTIVE TWO WHEELER TUBELESS TYRE MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
8. GLOBAL AUTOMOTIVE TUBELESS TYRE MARKET RESEARCH AND ANALYSIS BY PATTERN DESIGN , 2022-2030 ($ MILLION)
9. GLOBAL AUTOMOTIVE TUBELESS TYRE FOR PASSENGER CARS MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
10. GLOBAL LUG AUTOMOTIVE TUBELESS TYRE MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
11. GLOBAL RIB AUTOMOTIVE TUBELESS TYRE MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
12. GLOBAL SEMI LUG AUTOMOTIVE TUBELESS TYRE MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
13. GLOBAL AUTOMOTIVE TUBELESS TYRE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
14. NORTH AMERICAN AUTOMOTIVE TUBELESS TYRE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
15. NORTH AMERICAN AUTOMOTIVE TUBELESS TYRE MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
16. NORTH AMERICAN AUTOMOTIVE TUBELESS TYRE MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2022-2030 ($ MILLION)
17. NORTH AMERICAN AUTOMOTIVE TUBELESS TYRE MARKET RESEARCH AND ANALYSIS BY PATTERN DESIGN, 2022-2030 ($ MILLION)
18. EUROPEAN AUTOMOTIVE TUBELESS TYRE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
19. EUROPEAN AUTOMOTIVE TUBELESS TYRE MARKET RESEARCH AND ANALYSIS BY TYPE , 2022-2030 ($ MILLION)
20. EUROPEAN AUTOMOTIVE TUBELESS TYRE MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2022-2030 ($ MILLION)
21. EUROPEAN AUTOMOTIVE TUBELESS TYRE MARKET RESEARCH AND ANALYSIS BY PATTERN DESIGN, 2022-2030 ($ MILLION)
22. ASIA- PACIFIC AUTOMOTIVE TUBELESS TYRE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
23. ASIA- PACIFIC AUTOMOTIVE TUBELESS TYRE MARKET RESEARCH AND ANALYSIS BY GLASS TYPE , 2022-2030 ($ MILLION)
24. ASIA- PACIFIC AUTOMOTIVE TUBELESS TYRE MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2022-2030 ($ MILLION)
25. ASIA- PACIFIC AUTOMOTIVE TUBELESS TYRE MARKET RESEARCH AND ANALYSIS BY PATTERN DESIGN, 2022-2030 ($ MILLION)
26. REST OF THE WORLD AUTOMOTIVE TUBELESS TYRE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
27. REST OF THE WORLD AUTOMOTIVE TUBELESS TYRE MARKET RESEARCH AND ANALYSIS BY GLASS TYPE , 2022-2030 ($ MILLION)
28. REST OF THE WORLD AUTOMOTIVE TUBELESS TYRE MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2022-2030 ($ MILLION)
29. REST OF THE WORLD AUTOMOTIVE TUBELESS TYRE MARKET RESEARCH AND ANALYSIS BY PATTERN DESIGN, 2022-2030 ($ MILLION)
1. GLOBAL AUTOMOTIVE TUBELESS TYRE MARKET SHARE BY TYPE , 2022 VS 2030 (%)
2. GLOBAL BIAS AUTOMOTIVE TUBELESS TYRE MARKET SHARE BY REGION, 2022 VS 2030 (%)
3. GLOBAL RADIAL AUTOMOTIVE TUBELESS TYRE MARKET SHARE BY REGION, 2022 VS 2030 (%)
4. GLOBAL AUTOMOTIVE TUBELESS TYRE MARKET SHARE ANALYSIS BY VEHICLE TYPE, 2022-2030 ($ MILLION)
5. GLOBAL AUTOMOTIVE PASSENGER CARS TUBELESS TYRE MARKET SHARE BY REGION, 2022 VS 2030 (%)
6. GLOBAL AUTOMOTIVE COMMERCIAL VEHICLES TUBELESS TYRE MARKET SHARE BY REGION, 2022 VS 2030 (%)
7. GLOBAL AUTOMOTIVE TWO WHEELER TUBELESS TYRE MARKET SHARE BY REGION, 2022 VS 2030 (%)
8. GLOBAL AUTOMOTIVE TUBELESS TYRE MARKET SHARE ANALYSIS BY PATTERN DESIGN, 2022-2030 ($ MILLION)
9. GLOBAL LUG AUTOMOTIVE TUBELESS TYRE MARKET SHARE BY REGION, 2022 VS 2030 (%)
10. GLOBAL RIB AUTOMOTIVE TUBELESS TYRE MARKET SHARE BY REGION, 2022 VS 2030 (%)
11. GLOBAL SEMI LUG AUTOMOTIVE TUBELESS TYRE MARKET SHARE BY REGION, 2022 VS 2030 (%)
12. GLOBAL AUTOMOTIVE TUBELESS TYRE MARKET SHARE BY REGION, 2022 VS 2030 (%)
13. US AUTOMOTIVE TUBELESS TYRE MARKET SIZE, 2022-2030 ($ MILLION)
14. CANADA AUTOMOTIVE TUBELESS TYRE MARKET SIZE, 2022-2030 ($ MILLION)
15. UK AUTOMOTIVE TUBELESS TYRE MARKET SIZE, 2022-2030 ($ MILLION)
16. FRANCE AUTOMOTIVE TUBELESS TYRE MARKET SIZE, 2022-2030 ($ MILLION)
17. GERMANY AUTOMOTIVE TUBELESS TYRE MARKET SIZE, 2022-2030 ($ MILLION)
18. ITALY AUTOMOTIVE TUBELESS TYRE MARKET SIZE, 2022-2030 ($ MILLION)
19. SPAIN AUTOMOTIVE TUBELESS TYRE MARKET SIZE, 2022-2030 ($ MILLION)
20. REST OF EUROPE AUTOMOTIVE TUBELESS TYRE MARKET SIZE, 2022-2030 ($ MILLION)
21. INDIA AUTOMOTIVE TUBELESS TYRE MARKET SIZE, 2022-2030 ($ MILLION)
22. CHINA AUTOMOTIVE TUBELESS TYRE MARKET SIZE, 2022-2030 ($ MILLION)
23. JAPAN AUTOMOTIVE TUBELESS TYRE MARKET SIZE, 2022-2030 ($ MILLION)
24. SOUTH KOREA AUTOMOTIVE TUBELESS TYRE MARKET SIZE, 2022-2030 ($ MILLION)
25. REST OF ASIA-PACIFIC AUTOMOTIVE TUBELESS TYRE MARKET SIZE, 2022-2030 ($ MILLION)
26. REST OF THE WORLD AUTOMOTIVE TUBELESS TYRE MARKET SIZE, 2022-2030 ($ MILLION)
