A tubeless tyre is basically an inflated tyre that does not need any inner tube. A tubeless tyre has molded rim that inserts air pressure in the tyre for sealing the flanges of the wheel rim. The earlier design of any tyre needed an inner tube, which could not sustain for long. But, these tubeless tyres does not need any kind of inner tube. Thus, the tubeless tyre is safer as compared to the traditional tyre. Currently many vehicles, bikes and mopeds are found running on tubeless tyres. Tubeless tyres are expected to replace traditional to a large extent in upcoming years.
The "Global Tubeless Tyre Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the tubeless tyre market with detailed market segmentation by type, vehicle type, rim size, design pattern and geography. The report provides key statistics on the market status of the leading tubeless tyre market players and offers key trends and opportunities in the market.
- Based on type, the global tubeless tyre market is segmented into radial tubeless tyres and bias tubeless tyres.
- On the basis of vehicle type, the market is segmented into two-wheeler, passenger car and commercial vehicle.
- Based on rim size, the market is bifurcated into 13-15 inch, 16-18 inch, 19-21 inch, 22-26 inch and above 27 inch.
- On the basis of design pattern, the market is segmented into lug, rib and semi lug.
- Automotive industry growth in developing countries
- Rising urbanization and increasing per capita disposable income to boost market growth of tubeless tyres.
- Strict fuel economy and vehicular emission norms.
- Fluctuating costs of raw materials.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The tubeless tyre market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the tubeless tyre market in these regions.
IMPACT OF COVID-19 ON TUBELESS TYRE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Tubeless tyres are widely used in new motor bikes and mopeds. Since demand for these vehicles dropped considerably, it had significant impacts on the production of tubeless tyres all over the world.
The report covers key developments in the tubeless tyre market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from tubeless tyre market are anticipated to lucrative growth opportunities in the future with the rising demand for tubeless tyres in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the tubeless tyre market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Bridgestone Corporation
- CEAT Ltd.
- Continental AG
- Hankook Tire Co. Ltd.
- Pirelli Tyre S.P.A.
- Sumitomo Rubber Industries, Ltd.
- The Goodyear Tyre and Rubber Company
- Toyo Tire Corporation
- Yokohama Tire Corporation
The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.