Global Tubeless Tire Market is projected to reach USD xx billion by 2024 from USD xx billion in 2016, exhibiting a CAGR of 8.2 % during 2016-2024

Tubeless tires function without an inner tube, and the outer surface of tubeless tire makes an air tight sealing with metal rim, and air is held in rim. Tubeless tire contains of tread, steel belt, and spiral layer, and assist vehicles in many functions, such as supports vehicle load, transmits traction & breaking force to road surface, absorbs road shocks, and changes & maintains direction of travel.

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Development in automotive industry in developing countries and strict vehicular emission & fuel economy norms among different countries enhanced the demand for automotive Global Tubeless Tire Market globally. However, variation in cost of raw material, such as steel & rubber and vast capital investment required to set up new manufacturing facility is limiting the market growth. Moreover, rise in average life period of vehicles, and improvement in technology are expected to create numerous opportunities for the Global Tubeless Tire Market growth.

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Asia-Pacific(APAC) region is projected to be the major Global Tubeless Tire Market of tubeless tire during the forecast period. Asia Pacific has the major automotive tubeless tire market, due to rise in automotive industry in countries such as China, Japan, and South Korea. Growth in the penetration level of passenger cars and two wheelers in the region, is increasing the demand for tubeless tires. Increase in sales of the automobiles in the region can be credited to factors such as increasing per capita income, increased infrastructure expenditure, attractive FDI from governments and commercial production cost. Asia Pacific region has plenty number of tire manufacturing plants due to enormous rubber production, low labor cost and favorable government policies. Asia Pacific is expected to continue its dominant position in the global tubeless tire market, owing to forcasted growth in the region’s vehicle production, sales and vehicle fleet.

Key players analysed in the report:

• Bridgestone Corporation
• The Goodyear Tire & Rubber Company
• Continental AG
• MICHELIN
• Pirelli Tire S.p.A.
• Sumitomo Rubber Industries, Ltd.
• Hankook Tire Co. Ltd.
• CST.
• Yokohama Tire Corporation
• Toyo Tire & Rubber Co. Ltd.
• CEAT Ltd.
• MRF Limited
• Kumho Tire Co., Inc.
• Apollo Tires Ltd
• Goodyear Tire & Rubber
• Continental Corporation
• Michelin
• Pirelli & C. S.p.A
• Yokohama Tire Corporation
• Toyo Tire & Rubber Co., Ltd.
• Cooper Tire & Rubber Company

The scope of the Report:

By Carcass Material:
• Nylon
• Steel Belted
• All Steel
• Polyester Belted
• Rayons
• Other

By Construction:
• Bias
• Radial

By Vehicle Type:
• Two-Wheeler
• Passenger Car
• Commercial Vehicle

By Application:
• Light Truck
• Truck/ Bus
• Passenger car
• 2/3 Wheelers
• Agricultural
• Off Road
• Aero
• Speciality
• Bicycle

By Pattern Design:
• Lug
• Rib
• Semi Lug

By Region
• North-America
• Europe
• Latin America
• Middle East
• Asia Pacific

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