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Tubeless Tires: Introduction

  • A tubeless tire refers to an inflated tire that does not require an inner tube. The tubeless tire has a molded rim that maintains air pressure inside the tire and seals the flanges of the wheel rim. The automotive industry is evolving continuously and various technical, structural, and manufacturing developments are being witnessed globally. OEMs have started adopting new technologies to manufacture tires and various other parts of vehicles for the last few years. Tubeless tires do not have an extra internal tire/tube, unlike the earlier generation of tires. Tubeless tires possess low thickness and hence, 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. Presently, majority of vehicles are fitted with tubeless tires. The cost of a tubeless tire is high; however, its maintenance cost is very low as compared to that of a tube tire.

Key Drivers of Global Tubeless Tires Market:

  • Tubeless tires have managed to replace traditional pneumatic tires owing to the increased safety and reliability they offer. It is relatively safer to drive vehicle fitted with tubeless tires at a higher speed in case of a high speed puncture. Moreover, they have longer lives as compared to their pneumatic counterparts. Longer operational life, low maintenance, and easy repair are anticipated to fuel the tubeless tire market during the forecast period.
  • Tubeless tires provide ride comfort and can be used under low air pressure for better adhesion. Moreover, they can be utilized with liquid tire sealant to stop complete deflation in case of small punctures.
  • Tubeless tires do not require an inner tube, which produces excess heat or a puncture. In a tubeless tire, the rim of the wheel and the tire form an airtight seal; the valve being directly ascended on the rim. In case such a tire develops a puncture, air escapes through the hole, resulting in deflation. These factors propel the tubeless tires market across the globe.
  • Tubeless tires due to their characteristic of producing low rolling resistance results in improved fuel efficiency, less vibrations, less heat generations, and better comfort. These features of tubeless tires make it an ideal choice for the consumer as well as manufacturers. Tubeless tires lasts longer and provide comfort while driving. Furthermore, these features fuel the tubeless tires market across the globe.
  • Use of tubeless tires provides better control over the vehicle and offers comfort while driving, thereby resulting in reduced number of road accidents. These key benefits are expected to drive the tubeless tire market during the forecast period.

Passenger Vehicle Segment to Offer Attractive Opportunities:

  • The passenger vehicle segment is likely to hold a significant share of the market by end of forecast period. This is attributed to a rise in the demand for utility vehicles in highly populated countries such as China, India, and Brazil.
  • Demand for e-class, crossovers, SUVs, and hatchbacks is considerably high. Rise in preference for private transport and buying power of consumers is driving the passenger vehicle segment of the market.
  • Presently, consumers are increasingly preferring tubeless tires owing to the advantages they provide over traditional ones. Fuel efficiency is a key factors that the consumer as well as the manufacturer tries to attain in the vehicle they possess or manufacture. Tubeless tires improve the rolling efficiency of the tires, hence improving the vehicle’s fuel efficiency.

COVID–19 Pandemic to hamper market:

  • The COVID-19 crisis is affecting economies and industries in various countries due to lockdowns, travel bans and business lockdowns. The global materials industry is suffering serious disruptions such as supply chain breaks, office shutdowns, and others. For instance, China is global manufacturing hub and raw material supplier of various industries; and it is also one of the worst affected countries. The lockdown of various plants and factories in china is restricting the global supply chains and disrupting manufacturing, delivery schedules, and various material sales. Various companies announced possible delays in product deliveries and slump in future sales of their products. All these factors are anticipated to hamper the global tubeless tires market across the globe.

Asia Pacific to Hold Significant Share of Global Tubeless Tires Market:

  • Asia Pacific comprises rapidly expanding economies, including India and those in ASEAN, which is likely to witness higher demand for vehicles and consequently, boost the tubeless tires market during the forecast period.
  • Asia Pacific held a leading share of the global tubeless tires market due to higher volume of vehicles produced in prominent countries, including China and Japan, and lower manufacturing and labor cost across the region. Moreover, availability of inexpensive labor and raw material in the region coupled with increasing number of local manufacturers is likely to propel the market in Asia Pacific during the forecast period.

Key Players Operating in Global Market:

The global tubeless tires market is highly fragmented with top manufacturers across the global market. A few of the key players operating and potential in the global tubeless tires market are:

  • MICHELIN
  • Apollo Tyres Ltd.
  • The Goodyear Tire & Rubber Company
  • Bridgestone Corp
  • Trelleborg AB
  • THE YOKOHAMA RUBBER CO. LTD.
  • Madras Rubber Factory (MRF) Limited
  • CEAT Tyres ltd.
  • Continental AG
  • Pirelli & C. S.p.A
  • Toyo Tire & Rubber Co., Ltd.
  • Cooper Tire & Rubber Company
  • Hankook Tire & Technology Co., Ltd.
  • Sumitomo Rubber Industries, Ltd.
  • KUMHO TIRE CO., INC.

Global Tubeless Tires Market: Research Scope

Global Tubeless Tires Market, by Type

  • Radial Tires
  • Bias Tires

Global Tubeless Tires Market, by Vehicle Type

  • Two Wheeler
  • Passenger Vehicle
    • Hatchback
    • Sedan
    • Utility Vehicles
  • Commercial Vehicle
    • Light Commercial Vehicle
    • Heavy Commercial Vehicle

Global Tubeless Tires Market, by Sales Channel

  • OEM
  • Aftermarket

Global Tubeless Tires Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across 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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