Tubeless Tire Market to Surpass $211.5 Bn Mark by 2025| Size, Growth, Demand, Opportunities & Forecast To 2025
Overview:
The global market report containing details of the
tubeless tire market predicts a possibility for the market attaining a
valuation worth USD 211.5 bn mark by 2025. Market Research Future (MRFR)
identified factors like the rising demand for the product in the automotive
sector, growing demand for the same to curb fuel consumption and carbon
emission, its need in the two-wheeler segment especially for cycles and
electric bikes and their rising sale, investment in research and development,
and others.
However, huge capital requirements to set up the production
facility and fluctuating raw material costs are expected to hold back the
global market growth.
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Segmentation:
The global market report with details of the tubeless
tires has been studied by MRFR analysts on the basis of tire type, vehicle
type, and distribution channel. Data fetched from these segments and then
sieved by analysts are expected to provide support to the process of devising
strategies.
By tire type, the analysis of the tubeless tires market
reveals segments like radial and bias. The radial tire segment has the upper
hand as it runs cooler and improves ride quality. Its acceptance in
two-wheelers and passenger cars are expected to ensure better growth.
By vehicle type, the study of the tubeless tires market
includes reports like a passenger car, commercial vehicle, and others.
By distribution channel, this study of the tubeless tires
market includes OEM and aftermarket.
Regional Analysis:
Asia Pacific has the scope to dominate the global market
as it has a substantial setup for the same. The region is also developing
demand for these tires as the automotive sector is burgeoning.
Competitive Landscape:
Bridgestone Corporation (Japan), The Goodyear Tyre &
Rubber Company (U.S.), Madras Rubber Factory (MRF) Limited (India), CEAT Tyres
ltd. (India), Continental Corporation (Germany), Michelin (France), Pirelli
& C. S.p.A (Italy), Yokohama Tire Corporation (U.S.), Toyo Tire &
Rubber Co., Ltd. (Japan) and Cooper Tire & Rubber Company (U.S.) are names
impacting the tubeless tires market. MRFR traced the progress of these
companies and recorded latest moves to understand more about trends that are
impacting the market.
Industry News:
In August 2020, Goodyear announced the launching of their
new range of ‘Tubeless Complete’ and clincher road tires. This would boost its
Ultra High-Performance range. These new tires are Goodyear’s fastest, lightest
rolling tires, specifically designed for training and racing. The company
claims that this liner would enhance the air retention capacity and improve
puncture resistance compared to the regular butyl liners that find significant
use in tubeless tires. However, this will make the tires minimally heavier than
the regular ones. It will also have a ‘dual angle bead’, which could easily
provide a more air-tight seal for the tubeless compatible rim.
In August 2020, Enve declared that they are launching
four tubeless-ready road tires and they will be known as the Enve SES tire
range. As per the brand, these new tires can give the best tubeless road racing
tires a tough competition, in several aspects that include weight, rolling
resistance, and puncture resistance. It will also improve aerodynamic
efficiency. These tires are also compatible with hookless rims and they adhere
to the ETRTO standards.
The global market for tubeless tires is expected to get
impacted by the COVID-19 pandemic as the outbreak has caused a serious
disruption in production and supply. Also, financial troubles are impacting the
intake capacity of consumers, which may slow down the buying of vehicles.
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Key Questions Addressed by the Report
- What was the historic market size?
- Which segmentation (Product/ Capacity) is
driving market?
- What will be the growth rate?
- How are the key players in this
market?
- What are the strategies adopted by
key players?
TABLE OF
CONTENTS
1 EXECUTIVE
SUMMARY
2 SCOPE OF
THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET
LANDSCAPE
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN
ANALYSIS
4 MARKET
DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
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