Automotive Tubeless Tire Market by Type, Vehicle Type, and Distribution Channel - Global Opportunity Analysis and Industry Forecast, 2017-2023

  • ID: 4612841
  • Report
  • Region: Global
  • 180 pages
  • Allied Analytics LLP
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Automotive Tubeless Tire Is Circular Shaped Automobile Component Used To Cover Wheel’s Rim Externally To Protect It And Enhance The Vehicle Performance, And To Offer Tractive Force Between The Road Surface And Vehicle. Moreover, Tubeless Tire Does Not Comprise Inner Tube, In Which The Outer Surface Of Tire Makes An Air Tight Seal With The Rim Of The Wheel. The Valve Is Directly Mounted In Rim Of The Wheel, Through Which Air Is Held Inside The Tire. The Advance Manufacturing Technique Of Tubeless Tires With Advanced Materials & Utilizing Nanotechnology And Benefits, Such As Significant Noise, Vibration, And Harshness (Nvh) Performance, Better Fuel Efficiency, Better Heat Dissipation, And Better Bump Absorption, Make Them An Outstanding Alternative To Conventional Pneumatic Tires.

Growth In Automotive Industry In Countries, Such As China, Germany, The U.S., And Japan, Rise In Production & Sales Of Vehicles, And Increase In Stringent Fuel Economy & Exhaust Emission Control Norms Largely Driving The Automotive Tubeless Tire Market. However, Huge Capital Investment Required For Setting Up New Manufacturing Facilities And Volatile Raw Material Prices Restraining The Market Growth. In Addition, Commercialization Of Air-Less Tire In Heavy-Duty Vehicles Is Anticipated To Hamper The Market Growth. Irrespective Of These Challenges, Rise In Demand For Tubeless Tire In Aftermarket And Advancement In Technology (Manufacture Of Lightweight Tubeless Tire By Using Lightweight Material) Are Expected To Create Numerous Opportunities For New Products And Boost The Market Growth.

The Market Segmentation Is Based On Type, Vehicle Type, Distribution Channel, And Geography. Based On Type, It Is Bifurcated Into Radial And Bias Tubeless Tires. Based On Vehicle Type, It Is Categorized Into Two-Wheelers, Passenger Cars, And Commercial Vehicles. Based On Distribution Channel, It Is Segmented Into Original Equipment Manufacturer (Oem) And Aftermarket. Geographically, The Market Is Analyzed Across North America, Europe, Asia-Pacific, And Lamea.

Key Players Profiled In The Report Include Bridgestone Corporation, The Goodyear Tyre & Rubber Company, Continental Ag, Michelin, Pirelli Tyre S.P.A., Sumitomo Rubber Industries, Ltd., Hankook Tire Co. Ltd., Cst., Yokohama Tire Corporation., And Toyo Tire & Rubber Co. Ltd.

Key Benefits

The Report Includes An Extensive Analysis Of The Factors That Drive And Restrains The Global Automotive Tubeless Tire Market.
Factors Affecting Market Growth And Projections From 2016 To 2023 Are Included.
The Report Also Provides Quantitative And Qualitative Trends To Assist The Stakeholders To Understand The Situations Prevailing In The Market.
In-Depth Analysis Of Key Segments Demonstrates Stakeholders With Different Types Of Tubeless Tire And Different Vehicle Types.
Competitive Intelligence Highlights The Business Practices Followed By Key Market Players Globally.

Automotive Tubeless Tire Market Key Segments

By Type

Radial
Bias

By Vehicle Type

Two-Wheeler
Passenger Car
Commercial Vehicle

By Distribution Channel

Original Equipment Manufacturer (Oem)
Aftermarket

By Geography

North America
U.S.
Canada
Mexico
Europe
Germany
Uk
Italy
France
Rest Of Europe
Asia-Pacific
China
Australia
India
Japan
Rest Of Asia-Pacific
Lamea
Latin America
Middle East
Africa

Market Players In The Value Chain

Bridgestone Corporation
The Goodyear Tyre & Rubber Company
Continental Ag
Michelin
Pirelli Tyre S.P.A.
Sumitomo Rubber Industries, Ltd.
Hankook Tire Co. Ltd.
Cst.
Yokohama Tire Corporation
Toyo Tire & Rubber Co. Ltd.

Other Players In The Value Chain

Ceat Ltd.
Mrf Limited
Kumho Tire Co., Inc.
Apollo Tyres Ltd
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CHAPTER 1 INTRODUCTION
1.1. Report Description
1.2. Key Benefits
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools and Models

CHAPTER 2 EXECUTIVE SUMMARY
2.1. Key Findings:
2.2. CXO Perspective

CHAPTER 3 MARKET OVERVIEW
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Winning Strategies
3.2.2. Top Investment Pockets
3.3. Porters Five Forces Analysis
3.3.1. Bargaining Power of Supplier
3.3.2. Bargaining Power of Buyers
3.3.3. Threat of Substitutes
3.3.4. Threat of New Entrants
3.3.5. Intensity of Competitive Rivalry
3.4. Market Share Analysis, 2016
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Increasing Production and Sales of Vehicles Globally
3.5.1.2. Stringent Government Rules and Regulation Across the Globe
3.5.2. Restraints
3.5.2.1. Volatile Prices of Raw Material
3.5.2.2. Commercialization of Air Less Tire
3.5.3. Opportunities
3.5.3.1. Advancement in Technology
3.5.3.2. Rise in Life Span of Vehicles

CHAPTER 4 AUTOMOTIVE TUBELESS TIRE MARKET, BY TYPE
4.1. Overview
4.1.1. Key Players Positioning
4.1.2. Market Size and Forecast
4.2. Radial
4.2.1. Key Market Trends, Growth Factors, And Opportunities
4.2.2. Market Size and Forecast
4.3. Bias
4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast

CHAPTER 5 AUTOMOTIVE TUBELESS TIRE MARKET, BY VEHICLE TYPE
5.1. Overview
5.1.1. Market Size and Forecast
5.2. Two-Wheeler
5.2.1. Key Market Trends, Growth Factors and Opportunities
5.2.2. Market Size and Forecast
5.3. Passenger Car
5.3.1. Key Market Trends, Growth Factors, And Opportunities
5.3.2. Market Size and Forecast
5.4. Commercial Vehicle
5.4.1. Key Market Trends, Growth Factors and Opportunities
5.4.2. Market Size and Forecast

CHAPTER 6 AUTOMOTIVE TUBELESS TIRE MARKET, BY DISTRIBUTION CHANNEL
6.1. Overview
6.1.1. Market Size and Forecast
6.2. Original Equipment Manufacturer (OEM)
6.2.1. Key Market Trends, Growth Factors, And Opportunities
6.2.2. Market Size and Forecast
6.3. After-Market
6.3.1. Key Market Trends, Growth Factors and Opportunities
6.3.2. Market Size and Forecast

CHAPTER 7 GLOBAL AUTOMOTIVE TUBELESS TIRE MARKET, BY REGION
7.1. Overview
7.1.1. Market Size and Forecast
7.2. North America
7.2.1. Key Market Trends, Growth Factors and Opportunities
7.2.2. Market Size and Forecast
7.2.3. U.S.
7.2.3.1. Market Size and Forecast
7.2.4. Canada
7.2.4.1. Market Size and Forecast
7.2.5. Mexico
7.2.5.1. Market Size and Forecast
7.3. Europe
7.3.1. Key Market Trends, Growth Factors and Opportunities
7.3.2. Market Size and Forecast
7.3.3. Germany
7.3.3.1. Market Size and Forecast
7.3.4. France
7.3.4.1. Market Size and Forecast
7.3.5. Italy
7.3.5.1. Market Size and Forecast
7.3.6. UK
7.3.6.1. Market Size and Forecast
7.3.7. Rest of Europe
7.3.7.1. Market Size and Forecast
7.4. Asia-Pacific
7.4.1. Key Market Trends, Growth Factors and Opportunities
7.4.2. Market Size and Forecast
7.4.3. China
7.4.3.1. Market Size and Forecast
7.4.4. Japan
7.4.4.1. Market Size and Forecast
7.4.5. Australia
7.4.5.1. Market Size and Forecast
7.4.6. India
7.4.6.1. Market Size and Forecast
7.4.7. Rest of Asia-Pacific
7.4.7.1. Market Size and Forecast
7.5. LAMEA
7.5.1. Key Market Trends, Growth Factors, And Opportunities
7.5.2. Market Size and Forecast
7.5.3. Latin America
7.5.3.1. Market Size and Forecast
7.5.4. Middle East
7.5.4.1. Market Size and Forecast
7.5.5. Africa
7.5.5.1. Market Size and Forecast

CHAPTER 8 RELATED INDUSTRY INSIGHTS
8.1. Global Automotive Tire Market
8.2. Global Pneumatic Tire Market

CHAPTER 9 COMPANY PROFILES
9.1. Bridgestone Corporation
9.1.1. Company overview
9.1.2. Bridgestone Corporation: Company Snapshot
9.1.3. Operating business segments
9.1.4. Business performance
9.1.5. Key strategic moves and developments
9.2. The Goodyear Tyre & Rubber Company
9.2.1. Company overview
9.2.2. The Goodyear Tyre & Rubber Company: Company Snapshot
9.2.3. Operating business segments
9.2.4. Business performance
9.2.5. Key strategic moves and developments
9.3. Continental AG
9.3.1. Company overview
9.3.2. Continental AG: Company Snapshot
9.3.3. Operating business segments
9.3.4. Business performance
9.3.5. Key strategic moves and developments
9.4. MICHELIN
9.4.1. Company overview
9.4.2. MICHELIN: Company Snapshot
9.4.3. Operating business segments
9.4.4. Business performance
9.4.5. Key strategic moves and developments
9.5. Pirelli Tyre S.p.A.
9.5.1. Company overview
9.5.2. Pirelli Tyre S.p.A.: Company Snapshot
9.5.3. Operating business segments
9.5.4. Business performance
9.5.5. Key strategic moves and developments
9.6. Sumitomo Rubber Industries, Ltd.
9.6.1. Company overview
9.6.2. Sumitomo Rubber Industries, Ltd.: Company Snapshot
9.6.3. Operating business segments
9.6.4. Business performance
9.6.5. Key strategic moves and developments
9.7. Hankook Tire Co. Ltd.
9.7.1. Company overview
9.7.2. Hankook Tire Co. Ltd.: Company Snapshot
9.7.3. Operating business segments
9.7.4. Business performance
9.7.5. Key strategic moves and developments
9.8. CST.
9.8.1. Company overview
9.8.2. CST.: Company Snapshot
9.8.3. Operating business segments
9.8.4. Business performance
9.8.5. Key strategic moves and developments
9.9. Yokohama Tire Corporation.
9.9.1. Company overview
9.9.2. Yokohama Tire Corporation.: Company Snapshot
9.9.3. Operating business segments
9.9.4. Business performance
9.9.5. Key strategic moves and developments
9.10. Toyo Tire & Rubber Co. Ltd.
9.10.1. Company overview
9.10.2. Toyo Tire & Rubber Co. Ltd.: Company Snapshot
9.10.3. Operating business segments
9.10.4. Business performance
9.10.5. Key strategic moves and developments
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According to a new report titled, Automotive Tubeless Tire Market by Type, Vehicle Type, and Distribution Channel: Global Opportunity Alysis and Industry Forecast, 2017-2023, the automotive tubeless tire market was valued at $132 billion in 2016, and is projected to reach $198 billion by 2023, growing at a CAGR of 6.2% from 2017 to 2023. The passenger car segment is expected to maintain its domince throughout the forecast period. Asia-Pacific accounted for the highest share of 50% in 2016, and is anticipated to maintain this trend.

Tubeless tires operate without an inner tube, and the outer surface of tubeless tire makes an air tight sealing with metal rim, and air is held in the assembly of casing and rim. Growth in automotive industry in developing countries and stringent vehicular emission & fuel economy norms among different countries boosted the demand for automotive tubeless tires in the market. However, fluctuation in cost of raw material, such as steel & rubber and huge capital investment required to set up new manufacturing facility is restraining the market growth. Moreover, rise in average life span of vehicles, and advancement in technology are expected to create numerous opportunities for the market growth.

By type segment, the market is bifurcated into radial and bias tubeless tire. In 2016, radial tubeless tire accounted for the highest revenue, and is expected to maintain its domince throughout the forecast period. This is due to its advantage over bias tires, such as runs cooler, rigid construction, longer tread life, wider footprint, more traction between tire & road surface, and enhances ride quality. In addition, rise in application of radial tire in two wheelers, passenger cars and light commercial vehicles is driving the market growth.

By vehicle type segment, the market is divided into two wheelers, passenger cars, and commercial vehicles. In 2016, the passenger car segment accounted for about 56% of the overall automotive tubeless tire market, and is anticipated to maintain its domince throughout the forecast period. This is due to rise in number of passenger cars, and government rules & regulation regarding vehicular emission & fuel economy. As per the OICA Car Association, in 2016, approximately 69 million passenger cars were sold across the globe, which further boost the demand of tubeless tire in automotive industry. Moreover, two-wheeler segment is expected to expand at the highest CAGR of 7.9% during the forecast period, owing to rising number of two-wheeler in developing countries such as Chi, India, Singapore and Thailand.

By distribution channel segment, the market is segmented into origil equipment manufacturer (OEM) and aftermarket. Aftermarket segment accounted for the highest market share in 2016, and is anticipated to continue this trend. Rise in average life span of vehicles, due to the advancement in technology and launch of new advanced tubeless tires in market, is driving the aftermarket tubeless tire market. Moreover, origil equipment manufacturer (OEM) segment is expected to grow with lucrative growth rate as compared to aftermarket, due to rise in production of vehicles and increasing number of manufacturing facility of automotive OEM in developing region.

Geographically, the market is classified into North-America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for majority of revenue in 2016, and is expected to maintain its domince, followed by North America and Europe. This is attributed to the rise in disposal income, which further boosts the number of vehicles and growth in aftermarket.

Key findings of the Automotive Tubeless Tire Market

In 2016, the radial tubeless tire domited the overall automotive tubeless tire market, and is projected to grow at a CAGR of 6% during the forecast period.
The bias tubeless tire segment is expected to grow at a lucrative CAGR of 7.1%.
The passenger car segment led the overall market in 2016, and is estimated to grow at a CAGR of 6.4%.
The two-wheeler segment is expected to grow at a significant CAGR of 7.9%.
In 2016, aftermarket segment accounted for the largest market share in the overall automotive tubeless tire market, and is estimate to grow at a CAGR of 5.8%.
The origil equipment manufacturer (OEM) segment is expected to grow at a noteworthy CAGR of 7.4%.
Asia-Pacific accounted for the highest market share in 2016, and is anticipated to grow at a CAGR of 6.8%.

Key players in the marine propeller market are focused to expand their business operations in emerging countries with new product launch as a preferred strategy. The major players profiled in this report include Bridgestone Corporation, The Goodyear Tyre & Rubber Company, Continental AG, MICHELIN, Pirelli Tyre S.p.A., Sumitomo Rubber Industries, Ltd., Hankook Tire Co. Ltd., CST., Yokohama Tire Corporation., and Toyo Tire & Rubber Co. Ltd.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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