Tubeless Tire Industry Overview 2018 To 2022

Posted by Abhijeet Bendre on February 26th, 2018

 Tubeless Tire market 2018 tO 2022

Tubeless tire market is a very dynamic market and is expected to witness high growth over the forecast period. The market is driven by various factors such as Growth in automotive industry in developing countries, Implementation of Stringent Vehicular Emission & Fuel Economy Norms, Increase in Production of Vehicles and rising Demand for Radial Tires.

Tubeless Tire Market Research Report 2018: Global Manufactures, Industry, Size, Share, Growth, Analysis Forecast to 2022 Report of 100 pages expands comprehensive information on Global Tubeless Tire Market Information Tire Type (Radial and Bias), Vehicle Type (Passenger car, commercial Vehicles, and Others), by Distribution Channel (OEM and Aftermarket), and by Region - Global Forecast to 2022. A tubeless tire refers to an inflated tire which does not require any inner tube. The tubeless tire have molded rim which inserts air pressure inside the tire so as to seal the flanges of the wheel rim.

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Tubeless Tire Companies analyzed in report are:

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.).

Global Tubeless Tire market to hit 1.5 Billion by 2022 at a CAGR of 7.15%.

Tubeless Tire Industry 2018 To 2022 Market Analysis:

Furthermore, although tire production in the passenger car segment is already completely radialized, the number of radial tires in various segments of the market is expected to increase. The automotive market of China has experienced increased growth, which will drive the automotive technology for tubeless tires. According to the U.S. Department of Transportation, the average age of all light vehicles in operation was 11.4 years in 2014. Increasing numbers of vehicles on the road, builds a new business pipeline for the aftermarket, thereby driving the growth of the market.

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