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Tubeless Tire Market Poised to Grow at a CAGR of 7.1% by 2024


Infinium Global Research has added a new report on Tubeless Tire Market. The report presents analysis of global as well as regional markets of tubeless tire market over the period of 2016 to 2024. A tubeless tire is very much similar to a traditional tube tire. Traditional tire use a separate inner tube, while tubeless tire has continuous ribs molded integrally into the bead of the tire so that they can are forced by the pressure of the air inside the tire to seal with the flanges of the metal rim of the wheel. The concept of a tubeless tire helps avoid sudden air loss in the case of a puncture. Usually, when a nail pierces a tubed tire, the tire, as well as the tube inside, are ruptured and air can escape out of the gap between the tube and tire.



Tubeless tire offers several benefits over tube tires such as the ability to run at lower pressures. A tube will get pinched when the pressure is low, leading to a puncture, this does not happen with tubeless tires. In addition, the tubeless tire has the advantages to be filled with liquid sealants. If a sharp object does put a hole in a tubeless tire, the liquid sealant immediately oozes out and dries up, sealing the hole. Moreover, these tires are light in weight that affects the mileage of the vehicle. Furthermore, the use of tubeless provides stability and reduces unwanted friction. These aforementioned benefits offered by tubeless tire over tube tire is the key factor driving the growth for the tubeless tire.



Worn out of the old tire incite a vehicle user to replace the tire with a tubeless tire. This factor to influence the demand of tubeless tire market. Moreover, increasing number of 2-wheelers and 4-wheelers production to directly drive the demand for the tubeless tire production. Vehicles manufacturers prefer tubeless tire to traditional tube tire during the production of the automobiles owing to several advantages offered by the tubeless tire. In addition, fixing punctures of tubeless tires is relatively easy when compared to tube tires. However, with the high cost of the tubeless tire is a major constraint for the growth of the tubeless tire market.



Among the regions, the Asia Pacific region held the highest market share in the tubeless tire market and is expected to remain dominant throughout the forecast period, 2018-2024. The advancement in this region is mainly attributed owing to surge in passenger and commercial vehicles. In addition, factors such as flourishing economies, rising disposable income among the citizens and a burgeoning population are influencing the growth of the tubeless tire market. South America and the Middle East region are expected to witness stable growth rate during the forecast period, owing to recovery in economic conditions. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global tubeless tire market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.

 

 

Get 15% discount for early purchase of global tubeless tire market report by clicking the following link, Use code IGRD15 to request the discount in the given form

 

https://www.infiniumglobalresearch.com/reports/request-discount/1067

 

The recent report identified that Asia Pacific dominated the global tubeless tire market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the tubeless tire market worldwide.


The report segments the global tubeless tire market on the basis of Type, Vehicle Type and Distribution Channel.

 

Global Tubeless Tire Market by Type

·         Radial Tubeless Tire

·         Bias Tubeless Tire

 

Global Tubeless Tire Market by Vehicle Type

·         Two-Wheeler

·         Passenger Car

·         Commercial Vehicle

 

Global Tubeless Tire Market by Distribution Channel

·         OEM

·         After Market

 

Companies Profiled in the Report

·         Continental AG

·         MICHELIN  

·         Bridgestone Corporation 

·         The Goodyear Tyre & Rubber Company

·         Sumitomo Rubber Industries, Ltd. 

·         Pirelli Tyre S.p.A.       

·           Yokohama Tire Corporation        

·         Toyo Tire & Rubber Co. Ltd.   

·         Hankook Tire Co. Ltd

·         CST

 

About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.




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