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| Report Code: A01706 | Mar 2017 | Pages: 180 | ||
| Tables: 37 | Charts: 69 |
| |
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Request Now !Global automotive tubeless tire market is expected to reach $198 billion by 2023, growing at a CAGR of 6.2% from 2017 to 2023. Tubeless tires operate without an inner tube, while the outer casing makes an air tight seal with the rim of the wheel, and air is held in the assembly of casing and rim. The tubeless tire comprises of tread, steel belt, and spiral layer, and assist vehicles in numerous functions, such as supports vehicle load, transmits traction & breaking force to road surface, absorbs road shocks, and changes & maintains direction of travel. Moreover, to accomplish these basic functions, a tubeless tire is made up of steel belt covered with resilient rubber and inflated with high-pressure air (nitrogen, CO2, O2, and mixture of gases). The tubeless tire market is expected to witness lucrative growth during the forecast period, due to its advantages, such as easy puncture repair, more comfortable for higher speed, lower tire pressure, better bump absorption, and reduced rotating weight as compared to conventional tires. Commercial vehicles, such as heavy-duty trucks & buses may integrate 8 or more than 8 tubeless tires depending on the application and role of the vehicle, whereas two wheelers are integrated with 2 tires and passenger cars with 4 tires.
Market Segmentation
The market segmentation is based on type, vehicle type, distribution channel, and geography. Based on type, it is bifurcated into radial and bias tubeless tires. By vehicle types, it is categorized into two-wheelers, passenger cars, and commercial vehicles. Based on distribution channel, it is classified into original equipment manufacturer (OEM) and aftermarket. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Market Dynamics
Global automotive tubeless tire market is driven by growth in production & sales of vehicles and stringent vehicular emission & fuel economy rules & regulation globally. However, volatile prices of raw material and technological advancement, such as rise in adoption of air-less tires in heavy-duty trucks & buses and off-road vehicles, hindering the market growth. Moreover, technological innovations in the automotive tire industry, such as lightweight tubeless tire, manufactured with advance rubber & metals, and rise in aftermarket for tubeless tire, due to increase in lifespan of vehicles, are expected to unfold various opportunities for the market growth. The main challenges for tubeless tire OEMs are to overcome problems such as vibration and excessive fuel consumption.
Passenger Car Segment Leads the Automotive Tubeless Tire Market
The passenger car segment accounted for the highest market share in 2016, in the overall automotive tubeless tire market. As per the OICA Car Association, in 2016, approximately 69 million passenger cars were sold across the globe, which further boosted the demand for tubeless tire in automotive industry. Moreover, rise in passenger cars mostly in Asia-pacific drives the market growth. In addition, factors such as increasing life span of vehicles & increasing annual average annual miles travel by passenger cars, boosting the demand of tubeless tire in aftermarket. Â
Asia-Pacific Most lucrative market
Asia-Pacific is the most lucrative and largest automotive tubeless tire market, owing to rise in automotive industry in China, Japan, and South Korea and growth in number of joint ventures with international brands. The penetration level of passenger cars and two wheelers are highest in this region as compared to others, which is further boosting the demand for tubeless tires.
Key Benefits
Automotive Tubeless Tire Market Report Highlights
| Aspects | Details |
|---|---|
| By Type |
|
| By Vehicle Type |
|
| By Distribution Channel |
|
| By Region |
|
| Key Market Players | Sumitomo Rubber Industries, Ltd, The Goodyear Tyre & Rubber Company, Yokohama Tire Corporation, Toyo Tire & Rubber Co. Ltd, Pirelli Tyre S.p.A, CST, Continental AG, MICHELIN, Hankook Tire Co. Ltd, Bridgestone Corporation |
| Other Players in the Value Chain | CEAT Ltd., MRF Limited, Kumho Tire Co., Inc., Apollo Tyres Ltd |
CHAPTER 1 INTRODUCTION
1.1. Report Description
1.2. Key Benefits
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools and Models
CHAPTER 2 EXECUTIVE SUMMARY
2.1. Key Findings:
2.2. CXO Perspective
CHAPTER 3 MARKET OVERVIEW
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Winning Strategies
3.2.2. Top Investment Pockets
3.3. Porter’s Five Forces Analysis
3.3.1. Bargaining Power of Supplier
3.3.2. Bargaining Power of Buyers
3.3.3. Threat of Substitutes
3.3.4. Threat of New Entrants
3.3.5. Intensity of Competitive Rivalry
3.4. Market Share Analysis, 2016
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Increasing Production and Sales of Vehicles Globally
3.5.1.2. Stringent Government Rules and Regulation Across the Globe
3.5.2. Restraints
3.5.2.1. Volatile Prices of Raw Material
3.5.2.2. Commercialization of Air Less Tire
3.5.3. Opportunities
3.5.3.1. Advancement in Technology
3.5.3.2. Rise in Life Span of Vehicles
CHAPTER 4 AUTOMOTIVE TUBELESS TIRE MARKET, BY TYPE
4.1. Overview
4.1.1. Key Players’ Positioning
4.1.2. Market Size and Forecast
4.2. Radial
4.2.1. Key Market Trends, Growth Factors, And Opportunities
4.2.2. Market Size and Forecast
4.3. Bias
4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast
CHAPTER 5 AUTOMOTIVE TUBELESS TIRE MARKET, BY VEHICLE TYPE
5.1. Overview
5.1.1. Market Size and Forecast
5.2. Two-Wheeler
5.2.1. Key Market Trends, Growth Factors and Opportunities
5.2.2. Market Size and Forecast
5.3. Passenger Car
5.3.1. Key Market Trends, Growth Factors, And Opportunities
5.3.2. Market Size and Forecast
5.4. Commercial Vehicle
5.4.1. Key Market Trends, Growth Factors and Opportunities
5.4.2. Market Size and Forecast
CHAPTER 6 AUTOMOTIVE TUBELESS TIRE MARKET, BY DISTRIBUTION CHANNEL
6.1. Overview
6.1.1. Market Size and Forecast
6.2. Original Equipment Manufacturer (OEM)
6.2.1. Key Market Trends, Growth Factors, And Opportunities
6.2.2. Market Size and Forecast
6.3. After-Market
6.3.1. Key Market Trends, Growth Factors and Opportunities
6.3.2. Market Size and Forecast
CHAPTER 7 GLOBAL AUTOMOTIVE TUBELESS TIRE MARKET, BY REGION
7.1. Overview
7.1.1. Market Size and Forecast
7.2. North America
7.2.1. Key Market Trends, Growth Factors and Opportunities
7.2.2. Market Size and Forecast
7.2.3. U.S.
7.2.3.1. Market Size and Forecast
7.2.4. Canada
7.2.4.1. Market Size and Forecast
7.2.5. Mexico
7.2.5.1. Market Size and Forecast
7.3. Europe
7.3.1. Key Market Trends, Growth Factors and Opportunities
7.3.2. Market Size and Forecast
7.3.3. Germany
7.3.3.1. Market Size and Forecast
7.3.4. France
7.3.4.1. Market Size and Forecast
7.3.5. Italy
7.3.5.1. Market Size and Forecast
7.3.6. UK
7.3.6.1. Market Size and Forecast
7.3.7. Rest of Europe
7.3.7.1. Market Size and Forecast
7.4. Asia-Pacific
7.4.1. Key Market Trends, Growth Factors and Opportunities
7.4.2. Market Size and Forecast
7.4.3. China
7.4.3.1. Market Size and Forecast
7.4.4. Japan
7.4.4.1. Market Size and Forecast
7.4.5. Australia
7.4.5.1. Market Size and Forecast
7.4.6. India
7.4.6.1. Market Size and Forecast
7.4.7. Rest of Asia-Pacific
7.4.7.1. Market Size and Forecast
7.5. LAMEA
7.5.1. Key Market Trends, Growth Factors, And Opportunities
7.5.2. Market Size and Forecast
7.5.3. Latin America
7.5.3.1. Market Size and Forecast
7.5.4. Middle East
7.5.4.1. Market Size and Forecast
7.5.5. Africa
7.5.5.1. Market Size and Forecast
CHAPTER 8 RELATED INDUSTRY INSIGHTS
8.1. Global Automotive Tire Market
8.2. Global Pneumatic Tire Market
CHAPTER 9 COMPANY PROFILES
9.1. Bridgestone Corporation
9.1.1. Company overview
9.1.2. Bridgestone Corporation: Company Snapshot
9.1.3. Operating business segments
9.1.4. Business performance
9.1.5. Key strategic moves and developments
9.2. The Goodyear Tyre & Rubber Company
9.2.1. Company overview
9.2.2. The Goodyear Tyre & Rubber Company: Company Snapshot
9.2.3. Operating business segments
9.2.4. Business performance
9.2.5. Key strategic moves and developments
9.3. Continental AG
9.3.1. Company overview
9.3.2. Continental AG: Company Snapshot
9.3.3. Operating business segments
9.3.4. Business performance
9.3.5. Key strategic moves and developments
9.4. MICHELIN
9.4.1. Company overview
9.4.2. MICHELIN: Company Snapshot
9.4.3. Operating business segments
9.4.4. Business performance
9.4.5. Key strategic moves and developments
9.5. Pirelli Tyre S.p.A.
9.5.1. Company overview
9.5.2. Pirelli Tyre S.p.A.: Company Snapshot
9.5.3. Operating business segments
9.5.4. Business performance
9.5.5. Key strategic moves and developments
9.6. Sumitomo Rubber Industries, Ltd.
9.6.1. Company overview
9.6.2. Sumitomo Rubber Industries, Ltd.: Company Snapshot
9.6.3. Operating business segments
9.6.4. Business performance
9.6.5. Key strategic moves and developments
9.7. Hankook Tire Co. Ltd.
9.7.1. Company overview
9.7.2. Hankook Tire Co. Ltd.: Company Snapshot
9.7.3. Operating business segments
9.7.4. Business performance
9.7.5. Key strategic moves and developments
9.8. CST.
9.8.1. Company overview
9.8.2. CST.: Company Snapshot
9.8.3. Operating business segments
9.8.4. Business performance
9.8.5. Key strategic moves and developments
9.9. Yokohama Tire Corporation.
9.9.1. Company overview
9.9.2. Yokohama Tire Corporation.: Company Snapshot
9.9.3. Operating business segments
9.9.4. Business performance
9.9.5. Key strategic moves and developments
9.10. Toyo Tire & Rubber Co. Ltd.
9.10.1. Company overview
9.10.2. Toyo Tire & Rubber Co. Ltd.: Company Snapshot
9.10.3. Operating business segments
9.10.4. Business performance
9.10.5. Key strategic moves and developments
LIST OF TABLES
TABLE 1. GLOBAL AUTOMOTIVE TUBELESS TIRE MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 2. GLOBAL AUTOMOTIVE RADIAL TUBELESS TIRE MARKET, REVENUE, BY REGION ($MILLION), 2016-2023
TABLE 3. GLOBAL AUTOMOTIVE BIAS TUBELESS TIREMARKET, REVENUE, BY REGION ($MILLION), 2016-2023
TABLE 4. GLOBAL AUTOMOTIVE TUBELESS TIRE MARKET, BY VEHICLE TYPE, 2016-2023 ($MILLION)
TABLE 5. GLOBAL TWO-WHEELER TUBELESS TIRE MARKET, REVENUE, BY REGION ($MILLION), 2016-2023
TABLE 6. GLOBAL PASSENGER CAR TUBELESS TIRE MARKET, REVENUE, BY REGION ($MILLION), 2016-2023
TABLE 7. GLOBAL COMMERCIAL VEHICLE TUBELESS TIRE MARKET, REVENUE, BY REGION ($MILLION), 2016-2023
TABLE 8. GLOBAL AUTOMOTIVE TUBELESS TIRE MARKET, BY DISTRIBUTION CHANNEL, 2016-2023 ($MILLION)
TABLE 9. GLOBAL AUTOMOTIVE ORIGINAL EQUIPMENT MANUFACTURER (OEM) TUBELESS TIRE MARKET, REVENUE, BY REGION ($MILLION), 2016-2023
TABLE 10. GLOBAL AUTOMOTIVE AFTERMARKET TUBELESS TIREMARKET, REVENUE, BY REGION ($MILLION), 2016-2023
TABLE 11. GLOBAL AUTOMOTIVE TUBELESS TIRE MARKET, BY REGION, 2016-2023
TABLE 12. NORTH AMERICA: AUTOMOTIVE TUBELESS TIRE MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 13. NORTH AMERICA: AUTOMOTIVE TUBELESS TIRE MARKET, BY VEHICLE TYPE, 2016-2023 ($MILLION)
TABLE 14. NORTH AMERICA: AUTOMOTIVE TUBELESS TIRE MARKET, BY DISTRIBUTION CHANNEL, 2016-2023 ($MILLION)
TABLE 15. NORTH AMERICA: AUTOMOTIVE TUBELESS TIRE MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 16. EUROPE: AUTOMOTIVE TUBELESS TIRE MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 17. EUROPE: AUTOMOTIVE TUBELESS TIRE MARKET, BY VEHICLE TYPE, 2016-2023 ($MILLION)
TABLE 18. EUROPE: AUTOMOTIVE TUBELESS TIRE MARKET, BY DISTRIBUTION CHANNEL, 2016-2023 ($MILLION)
TABLE 19. EUROPE: AUTOMOTIVE TUBELESS TIRE MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 20. ASIA-PACIFIC: AUTOMOTIVE TUBELESS TIRE MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 21. ASIA-PACIFIC: AUTOMOTIVE TUBELESS TIRE MARKET, BY VEHICLE TYPE, 2016-2023 ($MILLION)
TABLE 22. ASIA-PACIFIC: AUTOMOTIVE TUBELESS TIRE MARKET, BY DISTRIBUTION CHANNEL, 2016-2023 ($MILLION)
TABLE 23. ASIA-PACIFIC: AUTOMOTIVE TUBELESS TIRE MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 24. LAMEA: AUTOMOTIVE TUBELESS TIRE MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 25. LAMEA: AUTOMOTIVE TUBELESS TIRE MARKET, BY VEHICLE TYPE, 2016-2023 ($MILLION)
TABLE 26. LAMEA: AUTOMOTIVE TUBELESS TIRE MARKET, BY DISTRIBUTION CHANNEL, 2016-2023 ($MILLION)
TABLE 27. LAMEA: AUTOMOTIVE TUBELESS TIRE MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 28. BRIDGESTONE CORPORATION: OPERATING SEGMENTS
TABLE 29. THE GOODYEAR TYRE & RUBBER COMPANY: OPERATING SEGMENTS
TABLE 30. CONTINENTAL AG: OPERATING SEGMENTS
TABLE 31. MICHELIN.: OPERATING SEGMENTS
TABLE 32. PIRELLI TYRE S.P.A.: OPERATING SEGMENTS
TABLE 33. SUMITOMO RUBBER INDUSTRIES, LTD.: OPERATING SEGMENTS
TABLE 34. HANKOOK TIRE CO. LTD.: OPERATING SEGMENTS
TABLE 35. CST.: OPERATING SEGMENTS
TABLE 36. YOKOHAMA TIRE CORPORATION.: OPERATING SEGMENTS
TABLE 37. TOYO TIRE & RUBBER CO. LTD.: OPERATING SEGMENTS
LIST OF FIGURES
FIGURE 1. TOP WINNING STRATEGIES: PERCENTAGE DISTRIBUTION (2013 - 2016)
FIGURE 2. TOP INVESTMENT POCKETS IN GLOBAL AUTOMOTIVE TUBELESS TIRE MARKET, BY VEHICLE TYPE
FIGURE 3. PORTER’S FIVE FORCES ANALYSIS
FIGURE 4. MARKET SHARE ANALYSIS, 2016
FIGURE 5. VEHICLES SALES (MILLION), 2017-2023
FIGURE 6. GLOBAL AUTOMOTIVE TUBELESS TIRE MARKET SHARE, BY TYPE
FIGURE 7. GLOBAL AUTOMOTIVE TUBELESS TIRE MARKET SHARE, BY TYPE, 2016 & 2023 (%SHARE)
FIGURE 8. GLOBAL AUTOMOTIVE RADIAL TUBELESS TIRE MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS (%), 2016 & 2023
FIGURE 9. GLOBAL AUTOMOTIVE RADIAL TUBELESS TIRE MARKET, REVENUE, ($MILLION), 2016-2023
FIGURE 10. GLOBAL AUTOMOTIVE BIAS TUBELESS TIRE MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS (%), 2016 & 2023
FIGURE 11. GLOBAL AUTOMOTIVE BIAS TUBELESS TIRE MARKET, REVENUE, ($MILLION), 2016-2023
FIGURE 12. GLOBAL AUTOMOTIVE TUBELESS TIRE MARKET, BY VEHICLE TYPE
FIGURE 13. GLOBAL AUTOMOTIVE TUBELESS TIRE MARKET SHARE, BY VEHICLE TYPE, 2016 & 2023 (%SHARE)
FIGURE 14. GLOBAL TWO-WHEELER TUBELESS TIRE MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS (%), 2016 & 2023
FIGURE 15. GLOBAL TWO-WHEELER TUBELESS TIRE MARKET, REVENUE, ($MILLION), 2016-2023
FIGURE 16. GLOBAL PASSENGER CAR TUBELESS TIRE MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS (%), 2016 & 2023
FIGURE 17. GLOBAL PASSENGER CAR TUBELESS TIRE MARKET, REVENUE, ($MILLION), 2016-2023
FIGURE 18. GLOBAL COMMERCIAL VEHICLE TUBELESS TIRE MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS (%), 2016 & 2023
FIGURE 19. GLOBAL COMMERCIAL VEHICLE TUBELESS TIRE MARKET, REVENUE, ($MILLION), 2016-2023
FIGURE 20. GLOBAL AUTOMOTIVE TUBELESS TIRE MARKET SHARE, BY DISTRIBUTION CHANNEL
FIGURE 21. GLOBAL AUTOMOTIVE TUBELESS TIRE MARKET SHARE, BY DISTRIBUTION CHANNEL, 2016 & 2023 (%SHARE)
FIGURE 22. GLOBAL AUTOMOTIVE ORIGINAL EQUIPMENT MANUFACTURER (OEM) TUBELESS TIRE MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS (%), 2016 & 2023
FIGURE 23. GLOBAL AUTOMOTIVE RADIAL TUBELESS TIRE MARKET, REVENUE, ($MILLION), 2016-2023
FIGURE 24. GLOBAL AFTER-MARKET TUBELESS TIRE MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS (%), 2016 & 2023
FIGURE 25. GLOBAL AUTOMOTIVE AFTER-MARKET TUBELESS TIRE MARKET, REVENUE, ($MILLION), 2016-2023
FIGURE 26. GLOBAL AUTOMOTIVE TUBELESS TIRE MARKET SHARE, BY GEOGRAPHY
FIGURE 27. GLOBAL AUTOMOTIVE TUBELESS TIRE MARKET SHARE, BY REGION, 2016 & 2023 (%SHARE)
FIGURE 28. NORTH AMERICA: AUTOMOTIVE TUBELESS TIRE MARKET SHARE, BY TYPE (% SHARE), 2016 & 2023
FIGURE 29. NORTH AMERICA: AUTOMOTIVE TUBELESS TIRE MARKET SHARE, BY VEHICLE TYPE (% SHARE), 2016 & 2023
FIGURE 30. NORTH AMERICA: AUTOMOTIVE TUBELESS TIRE MARKET SHARE, BY DISTRIBUTION CHANNEL (% SHARE), 2016 & 2023
FIGURE 31. NORTH AMERICA: AUTOMOTIVE TUBELESS TIRE MARKET, REVENUE ($MILLION), 2016-2023
FIGURE 32. U.S.: AUTOMOTIVE TUBELESS TIRE MARKET SIZE, 2016-2023 ($MILLION)
FIGURE 33. CANADA: AUTOMOTIVE TUBELESS TIRE MARKET SIZE, 2016-2023 ($MILLION)
FIGURE 34. MEXICO: AUTOMOTIVE TUBELESS TIRE MARKET SIZE, 2016-2023 ($MILLION)
FIGURE 35. EUROPE: AUTOMOTIVE TUBELESS TIRE MARKET SHARE, BY TYPE (% SHARE), 2016 & 2023
FIGURE 36. EUROPE: AUTOMOTIVE TUBELESS TIRE MARKET SHARE, BY VEHICLE TYPE (% SHARE), 2016 & 2023
FIGURE 37. EUROPE: AUTOMOTIVE TUBELESS TIRE MARKET SHARE, BY DISTRIBUTION CHANNEL (% SHARE), 2016 & 2023
FIGURE 38. EUROPE: AUTOMOTIVE TUBELESS TIRE MARKET, REVENUE ($MILLION), 2016-2023
FIGURE 39. GERMANY: AUTOMOTIVE TUBELESS TIRE MARKET SIZE, 2016-2023 ($MILLION)
FIGURE 40. FRANCE AUTOMOTIVE TUBELESS TIRE MARKET SIZE, 2016-2023 ($MILLION)
FIGURE 41. ITALY AUTOMOTIVE TUBELESS TIRE MARKET SIZE, 2016-2023 ($MILLION)
FIGURE 42. UK AUTOMOTIVE TUBELESS TIRE MARKET SIZE, 2016-2023 ($MILLION)
FIGURE 43. REST OF EUROPE: AUTOMOTIVE TUBELESS TIRE MARKET SIZE, 2016-2023 ($MILLION)
FIGURE 44. ASIA-PACIFIC: AUTOMOTIVE TUBELESS TIRE MARKET SHARE, BY TYPE (% SHARE), 2016 & 2023
FIGURE 45. ASIA-PACIFIC: GLOBAL AUTOMOTIVE TUBELESS TIRE MARKET SHARE, BY VEHICLE TYPE (% SHARE), 2016 & 2023
FIGURE 46. ASIA-PACIFIC: AUTOMOTIVE TUBELESS TIRE MARKET SHARE, BY DISTRIBUTION CHANNEL (% SHARE), 2016 & 2023
FIGURE 47. ASIA-PACIFIC: AUTOMOTIVE TUBELESS TIRE MARKET, REVENUE ($MILLION), 2016-2023
FIGURE 48. CHINA: AUTOMOTIVE TUBELESS TIRE MARKET SIZE, 2016-2023 ($MILLION)
FIGURE 49. JAPAN: AUTOMOTIVE TUBELESS TIRE MARKET SIZE, 2016-2023 ($MILLION)
FIGURE 50. SOUTH KOREA: AUTOMOTIVE TUBELESS TIRE MARKET SIZE, 2016-2023 ($MILLION)
FIGURE 51. INDIA: AUTOMOTIVE TUBELESS TIRE MARKET SIZE, 2016-2023 ($MILLION)
FIGURE 52. REST OF ASIA-PACIFIC: AUTOMOTIVE TUBELESS TIRE MARKET SIZE, 2016-2023 ($MILLION)
FIGURE 53. LAMEA: AUTOMOTIVE TUBELESS TIRE MARKET SHARE, BY TYPE (% SHARE), 2016 & 2023
FIGURE 54. LAMEA: AUTOMOTIVE TUBELESS TIRE MARKET SHARE, BY VEHICLE TYPE (% SHARE), 2016 & 2023
FIGURE 55. LAMEA: AUTOMOTIVE TUBELESS TIRE MARKET SHARE, BY DISTRIBUTION CHANNEL (% SHARE), 2016 & 2023
FIGURE 56. LAMEA: AUTOMOTIVE TUBELESS TIRE MARKET, REVENUE ($MILLION), 2016-2023
FIGURE 57. LATIN AMERICA: AUTOMOTIVE TUBELESS TIRE MARKET SIZE, 2016-2023 ($MILLION)
FIGURE 58. MIDDLE EAST: AUTOMOTIVE TUBELESS TIRE MARKET SIZE, 2016-2023 ($MILLION)
FIGURE 59. AFRICA: AUTOMOTIVE TUBELESS TIRE MARKET SIZE, 2016-2023 ($MILLION)
FIGURE 60. BRIDGESTONE CORPORATION: REVENUE, 2014-2016 ($MILLION)
FIGURE 61. THE GOODYEAR TYRE & RUBBER COMPANY: REVENUE, 2014-2016 ($MILLION)
FIGURE 62. CONTINENTAL AG: REVENUE, 2014-2016 ($MILLION)
FIGURE 63. PIRELLI TYRE S.P.A.: REVENUE, 2014-2016 ($MILLION)
FIGURE 64. SUMITOMO RUBBER INDUSTRIES, LTD.: REVENUE, 2014-2016 ($MILLION)
FIGURE 65. HANKOOK TIRE CO. LTD.: REVENUE, 2014-2016 ($MILLION)
FIGURE 66. CST.REVENUE, 2014-2016 ($MILLION)
FIGURE 67. HANKOOK TIRE CO. LTD.: REVENUE, 2014-2016 ($MILLION)
FIGURE 68. YOKOHAMA TIRE CORPORATION.REVENUE, 2014-2016 ($MILLION)
FIGURE 69. TOYO TIRE & RUBBER CO. LTD.: REVENUE, 2014-2016 ($MILLION)
Currently, tubeless tires have gained huge momentum in the global automotive industry, owing to the augmented safety and reliability offered by these tires as compared to the conventional pneumatic tires. Air in these tires is enclosed between the tire wall and the metal rim, thereby forming an air tight seal that prevents rapid deflation in case of any damage or tear. In addition to providing enhanced safety, tubeless tires provide better fuel efficiency & heat dissipation, less balance weight requirement, and cost saving on tube. All these advantages aid the rise in the usage of tubeless tires across all types of vehicles. However, commercialization of air less tire is expected to slow down the market growth in future. As of now, air less tire mostly found its application in heavy-duty vehicles, and off road or construction vehicles. Moreover, due to technological advancement it is anticipated that air less tire would be commercializing in passenger cars and two-wheelers in the coming future.
The presence of numerous companies in the market that include The Goodyear Tyre & Rubber Company, Bridgestone Corporation, Hutchinson SA, Maxxis International, MICHELIN, Continental AG, and Pirelli Tyre S.p.A., the tubeless tire industry is posting decent growth on the global scale. Majorly driven by the aftermarket sales, these companies focus on the integration of technology with the manufacturing and testing process of the tires. For instance, Bridgestone Tires, one of the leading tire and rubber company, utilizes Contact Area Information Sensing (CAIS) that sense the road conditions by collecting and analyzing tire contact area.
Moreover, the participation of emerging countries in the tire industry has proved to be very vital for the persistent growth of the tubeless tire market. India, for instance, has huge growth potential in the near future in the market. Indian tubeless tire industry is experiencing progressive trends in the current scenario, owing to the growth in domestic manufacturing base of tubeless tires and the huge influx of imported tires from neighboring countries, such as China.
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