Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on tubeless tire market provides an in-depth analysis of
segments and sub-segments in global as well as regional tubeless tire market.
The study also highlights the impact of drivers, restraints and macro indicators
on the global and regional tubeless tire market over the short term as well as
long term. The report is a comprehensive presentation of trends, forecast and
dollar values of the global tubeless tire market. According to report, the global
tubeless tire market is projected to grow at a CAGR of 7.1% over the forecast
period of 2018-2024.
A tubeless
tire is very much similar to a traditional tube tire. Traditional tire uses 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 incites a vehicle user to replace the tire with a tubeless tire.
This factor to influence the demand of tubeless tire market. Moreover, an increasing number of 2-wheelers and 4-wheelers production to directly drive the
demand for 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 a recovery in economic conditions.
The report on global tubeless tire
market covers segments such as type, vehicle type, and distribution channel. On
the basis of type, the global tubeless tire market is categorized into radial
tubeless tire and bias tubeless tire. On the basis of vehicle type the global
tubeless tire market is categorized into two-wheeler, passenger car and
commercial vehicle. On the basis of distribution channel, the global tubeless
tire market is categorized into OEM and aftermarket.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region.
The U.S. drives the growth in the North America region as it
is the largest market in the region. The Asia-pacific region offers a
substantial potential for the market growth owing to rapid growth in markets
such as India and China. The APAC region is projected to experience growth at
a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of
the companies in the global tubeless tire market such as 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, and CST.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global tubeless tire market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of tubeless tire market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the tubeless tire market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the tubeless tire market to understand the present and future trends in this market and formulate their strategies accordingly.
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