Global Automotive Tubeless Tires Market
Market Overview
Tubeless tires are introduced to overcome the drawbacks of conventional tires. The rim and tire together form an airtight container to seal the air inside. Tubeless tires provide advantage of safety as the tubeless tires does not loose air instantly in case of puncture of tires, giving sufficient time to the driver to control vehicle. Tubeless tire provides various other advantages over conventional tires like better heat dissipation and better fuel efficiency. These advantages of tubeless tires are increasing the demand of these types of tires across the globe. Tubeless tires are preferred by the OEMs as compared to the aftermarket because of its high cost over traditional tires. Tubeless tires are basically of two types radial and bias. Radial tires got an advantage over bias tires in terms stiff construction, better fuel efficiency and better control over ride. Rising sales and production of automobiles are the key factors driving the growth of global tubeless tires market. In aftermarket, tubeless tires expected to witness significant growth due to increased vehicle life span. Moreover, advancement in tire industry in terms of materials such as light weight tubeless tires, using advance methodology to utilize rubber to reduce the cost of tire, is expected to drive the global automotive tubeless tire market.
Although, volatility in the price of raw materials such as rubber, metal and others creates pressure on the tubeless tire manufacturers to maintain their profit margin. This factor is one of the major challenges for the industry players to increase the supply into the global market to meet the demand of automotive tubeless tires.
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) {Market Size, Growth Analysis and Opportunity Analysis}
• Latin America (Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and Opportunity Analysis}
• Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth Analysis and Opportunity Analysis}
• Asia-Pacific (China, India, Singapore, Japan, Australia, New Zealand, South Korea and Rest of Asia Pacific) {Market Size, Growth Analysis and Opportunity Analysis}
• Middle East and Africa (MEA) {Market Size, Growth Analysis and Opportunity Analysis}
• Rest of World {Market Size, Growth Analysis and Opportunity Analysis}
Market Growth Drivers and Challenges
Factors such as positive growth in automotive industry, rising sales of passenger vehicles and growing research and development in tire industry are positively impact on the growth of automotive tubeless tire market. According to OICA (International Organization of Motor Vehicle Manufacturers) data, there were more than 90 million of vehicles sold in 2016 across the globe. The rising number of automotives across the globe further creates huge demand for automotive tubeless tire market in aftermarket. The tire industry is rising on the back of advancement in rubber technology along with the rising demand for tires from OEM’s. However, fluctuations in the prices of raw materials such as metal and rubber are hindering the growth of global automotive tubeless tire market. The rising competition in tire industry on the back of presence of well established global players is also a major challenge for the new entrants to enter into the market. Moreover, the robust research and development activities in rubber technology and advanced machinery involved in the manufacturing of automotive tubeless tires further increase the cost of final product which is expected to limit the growth of automotive tubeless tire market across the globe.
Market Size and Forecast (2016-2024)
Global automotive tubeless market expected to garner USD 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. Some of the global players such as Yokohama Rubber, Apollo Tires and others are looking forward to acquire tire manufacturing companies to expand their operations in untapped market. These expansion strategies of major players further boost the growth of automotive tubeless tire market in near future. As per the data of OICA, more than 60 million of passenger cars were sold in 2016.
Geographically, Asia-Pacific region is the major market for the automotive tubeless tire market players. Rising sales of automobiles in Asia-Pacific region, especially in China, India and other developing countries further boost the demand for automotive tubeless tire market. China dominated the market with a revenue share of 58.5% in 2016 followed by Japan with a market share of 15% in overall Asia-Pacific market. China is the largest automobile market in the region with increase in sales by 4% in 2016. OEMs segment expected to witness significant growth due to rise in production of vehicles and increasing number of OEMs manufacturing plants in developing countries.
Key Players
• Goodyear Tire and Rubber Company
o Synopsis
o Financial Analysis
o Business Strategy
o Product Portfolio
o SWOT Analysis
• Yokohama Tires
• Bridgestone Corporation
• Continental AG
• Pirelli Tire S.p.A
• Sumitomo Rubber Industries, Ltd
• Hankook Tire Co. Ltd.
• Toyo Tire & Rubber Co. Ltd.
• MICHELIN
• MRF
• CEAT
• Apollo Tyres
• Kumho Tyre
• Alliance Tire Group
Scope Background
Market Synopsis
Market Segmentation
The global automotive tubeless tire market is segmented as follows:
• By Tire Type (Market Size, Demand Analysis and Growth Analysis)
• By Vehicle Type (Market Size, Demand Analysis and Growth Analysis)
• By Distribution Channel Type (Market Size, Demand Analysis and Growth Analysis)
By Regions
• North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis}
• Latin America (Argentina, Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and Opportunity Analysis}
• Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth Analysis and Opportunity Analysis}
• Asia-Pacific (China, India, Singapore, Japan, Australia, New Zealand, South Korea and Rest of Asia Pacific) {Market Size, Growth Analysis and Opportunity Analysis}
• Middle East and North Africa (MENA) {Market Size, Growth Analysis and Opportunity Analysis}
• Rest of World {Market Size, Growth Analysis and Opportunity Analysis}
Market Dynamics: Growth Drivers, Restraints and Opportunities
• Risk Factors
• Regional Variations
• Recent Trends and Developments
Key Market Players
• Synopsis
• Business Strategy
• Product Portfolio
• SWOT Analysis
Porter’s Five Force Model
Market Landscape: Competition and Beyond
Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem
Expert Analysis
Concluding Remarks
Table of Contents
1. Parent Market Synopsis
2. Executive Summary
3. Research Methodology
4. Regional Opportunity Analysis on the basis of Competitors
5. Global Automotive Tubeless Tires Market Size (USD Billion) and Forecast Analysis, 2016-2024
6. Market Dynamics: Growth Drivers, Restraints and Opportunities
6.1. Risk Factors
6.2. Regional Variations
6.3. Recent Trends and Developments
7. Global Automotive Tubeless Tires Market Segmentation
7.1. By Tire Type (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.1.1. Adoption Rate (%) by Tire Type
7.1.2. Radial Tubeless Tire (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.1.3. Bias Tubeless Tire (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.1.4. Market Attractiveness by Tire Type
7.1.5. BPS Analysis by Tire Type
7.2. By Vehicle Type (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.2.1. Adoption Rate (%) by Vehicle Type
7.2.2. Passenger Car (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.2.3. Commercial Vehicles (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.2.4. Others (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.2.5. Market Attractiveness by Vehicle Type
7.2.6. BPS Analysis by Vehicle Type
7.3. By Distribution Channel (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.1. Adoption Rate (%) by Distribution Channel
7.3.2. Original Equipment Manufacturer (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.3. Aftermarket (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.4. Market Attractiveness by Distribution Channel
7.3.5. BPS Analysis by Distribution Channel
7.4. By Region (Market Share (%) & Y-o-Y Growth Comparison, 2016-2024)
7.4.1. North America Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.1.1. North America By Country (Market Share (%) & Y-o-Y Growth Comparison, 2016-2024)
7.4.1.1.1. U.S. Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.1.1.2. Canada (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.1.1.3. Market Attractiveness by Country
7.4.1.1.4. BPS Analysis by Country
7.4.1.2. North America By Tire Type (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.1.2.1. Adoption Rate (%) by Tire Type
7.4.1.2.2. Radial Tubeless Tire (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.1.2.3. Bias Tubeless Tire (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.1.2.4. Market Attractiveness by Tire Type
7.4.1.2.5. BPS Analysis by Tire Type
7.4.1.3. North America By Vehicle Type (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.1.3.1. Adoption Rate (%) by Vehicle Type
7.4.1.3.2. Passenger Car (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.1.3.3. Commercial Vehicles (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.1.3.4. Others (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.1.3.5. Market Attractiveness by Vehicle Type
7.4.1.3.6. BPS Analysis by Vehicle Type
7.4.1.4. North America By Distribution Channel (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.1.4.1. Adoption Rate (%) by Distribution Channel
7.4.1.4.2. Original Equipment Manufacturer (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.1.4.3. Aftermarket (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.1.4.4. Market Attractiveness by Distribution Channel
7.4.1.4.5. BPS Analysis by Distribution Channel
7.4.2. Europe Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.2.1. Europe By Country (Market Share (%) & Y-o-Y Growth Comparison, 2016-2024)
7.4.2.1.1. UK Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.2.1.2. France (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.2.1.3. Italy (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.2.1.4. Germany (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.2.1.5. Spain (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.2.1.6. Hungary (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.2.1.7. Sweden (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.2.1.8. Russia (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.2.1.9. Poland (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.2.1.10. Rest of Europe (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.2.1.11. Market Attractiveness by Country
7.4.2.1.12. BPS Analysis by Country
7.4.2.2. Europe By Tire Type (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.2.2.1. Adoption Rate (%) by Tire Type
7.4.2.2.2. Radial Tubeless Tire (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.2.2.3. Bias Tubeless Tire (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.2.2.4. Market Attractiveness by Tire Type
7.4.2.2.5. BPS Analysis by Tire Type
7.4.2.3. Europe By Vehicle Type (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.2.3.1. Adoption Rate (%) by Vehicle Type
7.4.2.3.2. Passenger Car (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.2.3.3. Commercial Vehicles (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.2.3.4. Others (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.2.3.5. Market Attractiveness by Vehicle Type
7.4.2.3.6. BPS Analysis by Vehicle Type
7.4.2.4. Europe By Distribution Channel (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.2.4.1. Adoption Rate (%) by Distribution Channel
7.4.2.4.2. Original Equipment Manufacturer (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.2.4.3. Aftermarket (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.2.4.4. Market Attractiveness by Distribution Channel
7.4.2.4.5. BPS Analysis by Distribution Channel
7.4.3. Middle East & Africa Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.3.1. Middle East & Africa By Country (Market Share (%) & Y-o-Y Growth Comparison, 2016-2024)
7.4.3.1.1. Gulf Cooperation Council Countries (GCC) Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.3.1.2. South Africa (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.3.1.3. North Africa (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.3.1.4. Rest of Middle East and Africa (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.3.1.5. Market Attractiveness by Country
7.4.3.1.6. BPS Analysis by Country
7.4.3.2. Middle East & Africa By Tire Type (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.3.2.1. Adoption Rate (%) by Tire Type
7.4.3.2.2. Radial Tubeless Tire (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.3.2.3. Bias Tubeless Tire (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.3.2.4. Market Attractiveness by Tire Type
7.4.3.2.5. BPS Analysis by Tire Type
7.4.3.3. Middle East & Africa By Vehicle Type (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.3.3.1. Adoption Rate (%) by Vehicle Type
7.4.3.3.2. Passenger Car (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.3.3.3. Commercial Vehicles (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.3.3.4. Others (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.3.3.5. Market Attractiveness by Vehicle Type
7.4.3.3.6. BPS Analysis by Vehicle Type
7.4.3.4. Middle East & Africa By Distribution Channel (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.3.4.1. Adoption Rate (%) by Distribution Channel
7.4.3.4.2. Original Equipment Manufacturer (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.3.4.3. Aftermarket (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.3.4.4. Market Attractiveness by Distribution Channel
7.4.3.4.5. BPS Analysis by Distribution Channel
7.4.4. Latin America Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.4.1. Latin America By Country (Market Share (%) & Y-o-Y Growth Comparison, 2016-2024)
7.4.4.1.1. Brazil Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.4.1.2. Mexico (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.4.1.3. Rest of Latin America (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.4.1.4. Market Attractiveness by Country
7.4.4.1.5. BPS Analysis by Country
7.4.4.2. Latin America By Tire Type (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.4.2.1. Adoption Rate (%) by Tire Type
7.4.4.2.2. Radial Tubeless Tire (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.4.2.3. Bias Tubeless Tire (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.4.2.4. Market Attractiveness by Tire Type
7.4.4.2.5. BPS Analysis by Tire Type
7.4.4.3. Latin America By Vehicle Type (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.4.3.1. Adoption Rate (%) by Vehicle Type
7.4.4.3.2. Passenger Car (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.4.3.3. Commercial Vehicles (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.4.3.4. Others (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.4.3.5. Market Attractiveness by Vehicle Type
7.4.4.3.6. BPS Analysis by Vehicle Type
7.4.4.4. Latin America By Distribution Channel (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.4.4.1. Adoption Rate (%) by Distribution Channel
7.4.4.4.2. Original Equipment Manufacturer (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.4.4.3. Aftermarket (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.4.4.4. Market Attractiveness by Distribution Channel
7.4.4.4.5. BPS Analysis by Distribution Channel
7.4.5. Asia Pacific (APAC) Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.5.1. Asia Pacific By Country (Market Share (%) & Y-o-Y Growth Comparison, 2016-2024)
7.4.5.1.1. China Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.5.1.2. Japan (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.5.1.3. India (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.5.1.4. Singapore (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.5.1.5. South Korea (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.5.1.6. Australia (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.5.1.7. New Zealand (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.5.1.8. Rest of APAC (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.5.1.9. Market Attractiveness by Country
7.4.5.1.10. BPS Analysis by Country
7.4.5.2. APAC By Tire Type (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.5.2.1. Adoption Rate (%) by Tire Type
7.4.5.2.2. Radial Tubeless Tire (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.5.2.3. Bias Tubeless Tire (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.5.2.4. Market Attractiveness by Tire Type
7.4.5.2.5. BPS Analysis by Tire Type
7.4.5.3. APAC By Vehicle Type (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.5.3.1. Adoption Rate (%) by Vehicle Type
7.4.5.3.2. Passenger Car (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.5.3.3. Commercial Vehicles (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.5.3.4. Others (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.5.3.5. Market Attractiveness by Vehicle Type
7.4.5.3.6. BPS Analysis by Vehicle Type
7.4.5.4. APAC By Distribution Channel (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.5.4.1. Adoption Rate (%) by Distribution Channel
7.4.5.4.2. Original Equipment Manufacturer (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.5.4.3. Aftermarket (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.4.5.4.4. Market Attractiveness by Distribution Channel
7.4.5.4.5. BPS Analysis by Distribution Channel
8. Competitive Outlook
8.1. Market Share of Major Players (2016)
8.2. Company Profiles
8.2.1. Goodyear Tire and Rubber Company
8.2.1.1. Company Synopsis
8.2.1.2. Business Strategy
8.2.1.3. Product Portfolio
8.2.1.4. SWOT Analysis
8.2.2. Yokohama Tires
8.2.3. Bridgestone Corporation
8.2.4. Continental AG
8.2.5. Pirelli Tire S.p.A
8.2.6. Sumitomo Rubber Industries, Ltd
8.2.7. Hankook Tire Co. Ltd.
8.2.8. Toyo Tire & Rubber Co. Ltd.
8.2.9. MICHELIN
8.2.10. MRF
8.2.11. CEAT
8.2.12. Apollo Tyres
8.2.13. Kumho Tyre
8.2.14. Alliance Tire Group
9. Porter’s Five Force Model
10. Market Landscape: Competition and Beyond
11. Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem
12. Expert Analysis
13. Concluding Remarks