Tubeless Tires Market: Introduction

The automotive industry is evolving continuously and various technical, structural, and manufacturing developments are being witnessed globally. Recently, OEMs have started adopting new technologies to manufacture tires and various other parts of vehicles. Tubeless tires do not have extra internal tire/tube unlike the earlier generation of tires. The thickness of these tires is less. Thus, to overcome this problem, tire manufacturers have developed advanced tubeless tires in which, the rate of air loss is considerably low as compared to earlier generation tires. These tires are more durable. Nowadays, majority of vehicles are equipped with tubeless tires, as the cost of a tubeless tire is high but its maintenance cost is very low as compared to a tube tire.

Global Tubeless Tires Market: Competitive Landscape

MICHELIN

Founded in 1889, Michelin is one of the key players based in Europe operating in the global tire industry. Michelin primarily provides passenger vehicle tires and light truck tires, and is a strong player in the aftermarket segment. The company has global presence in 170 countries with 68 manufacturing facilities.

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The Goodyear Tire & Rubber Company

Established in 1898, The Goodyear Tire & Rubber Company is a leading brand globally. The company has its business across North America and Latin America, but it also has a prominent presence in other regions. It has 48 manufacturing facilities in approximately 22 countries. The company manufactures aviation tires, passenger vehicle tires, commercial vehicle tires, off-the-road tires, racing tires, and recreational vehicle tires.

Trelleborg AB

Trelleborg AB was founded in 1905 and is headquartered in Trelleborg, Sweden. The company is among the leading suppliers of rubber equipment and related components. The company has over 24,045 employees and operations in more than 51 countries. The Trelleborg Group is a conglomerate with operations in several industries, such automotive, aerospace, agriculture, marine, and infrastructure.

THE YOKOHAMA RUBBER CO. LTD.

THE YOKOHAMA RUBBER CO. LTD. was founded in 1917 and is headquartered in Tokyo, Japan. The company is a major manufacturer and supplier of rubber products and related equipment to the automotive industry across the globe. The company also manufactures and supplies rubber products such as hoses, tires, etc. It offers products such as tires for passenger vehicles, commercial vehicles, etc.

Global Tubeless Tires Market: Dynamics

Benefits of Tubeless Tires Drive Demand

Tubeless tires are seamlessly integrated with wheels to reduce air loss. These tires eliminate the requirement of an internal extra tube for filling air. Tubeless tires are sturdy and support the vehicle weight. They also absorb vibrations. Since these tires are without tubes, they are not susceptible to blowouts and quick punctures. The adoption of these tires in vehicles by majority of automakers due to their lightweight, long-lasting, and low maintenance features is driving the global market. The grip of these tires on road is high as the base of the tire is broad.

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Global Tubeless Tires Market: Segmentation

The global tubeless tires market can be segmented based on:

  • Type
  • Vehicle Type
  • Sales Channel

In terms of type, the global tubeless tires market can be bifurcated into:

  • Radial Tires
  • Bias Tires

Based on vehicle type, the global tubeless tires market can be divided into:

  • Two Wheeler
  • Passenger Vehicle
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

On the basis of sales channel, the global tubeless tires market can be categorized into:

  • OEM
  • Aftermarket

The report on the global tubeless tires market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.    

Regional analysis of the global tubeless tires market includes:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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