Global Automotive tubeless tire market Trends
Posted by Harleen Kaur on April 26th, 2018
Global Automotive Tubeless Tire Market: Size
Global Automotive Tubeless Tire Market to reach a market size of 5.8 billion by 2022. Tubeless tires run without the need for an inner tube, when the outer casing creates an air tight seal with the rim of the wheel. The tubeless tire is actually made up of tread, steel belt, and also spiral layer. Multiple functions are easily conducted by using tubeless tires for example supporting the vehicle load, transmitting traction, absorbing road shocks, etc. Tubeless tires are made of steel belt covered with resilient rubber and also inflated with high-pressure air (nitrogen, CO2, O2, and mixture of gases), allowing the tubeless tires work easily.
Global Automotive Tubeless Tire Market: Share
The Global Automotive Tubeless Tire Market is a potential market and also would witness tremendous progress while the forecast period of time. Major factors that are driving the market development are easy puncture repair options, protection while high speed driving, lower tire pressure, better bump absorption, and reduced rotating weight. Commercial vehicles are highly inclined to adopt tubeless tires and use the same in different numbers based on the application and part of the vehicle.
Global Automotive Tubeless Tire Market: Growth
Global Automotive Tubeless Tire Market is driven by increase in production & sales of vehicles and stringent vehicular emission & fuel economy rules & regulation globally. But, volatile rates of raw material and technical advancement, like rise in adoption of air-less tires in heavy-duty trucks & buses and off-road vehicles, hindering the market development. Also, technological innovations in the automotive tire company, such as lightweight tubeless tire, developed with advance rubber & metals, and increase in aftermarket for tubeless tire, as a result of rise in lifespan of vehicles, are expected to unfold various opportunities for the industry progress. The main challenges for tubeless tire OEMs are to overcome issues such as vibration and also excessive fuel consumption.
Global Automotive Tubeless Tire Market: Segmentation
Based on Type, the Global Automotive Tubeless Tire Market is segmented into Radial and also Bias. Based on Type of Vehicle, the Global Automotive Tubeless Tire Market is segmented into 4-Wheeler, Heavy Vehicles, and also 2-Wheeler. Based on Distribution Channel, the Global Automotive Tubeless Tire Market is segmented into Aftermarket Sales and OEM Sales. According to region, Global Automotive Tubeless Tire Market is segmented into North America (US, Canada, Mexico and Rest of North America), Europe (Germany, UK, France, Russia, Spain, Italy and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Singapore, Australia and Rest of Asia-Pacific) and Latin America, and Middle East & Africa. Asia-Pacific remained the dominant region in the global Automotive Tubeless Tire market in 2015. North America would witness promising CAGR while the foresee time period (2016-2022).
Full Report: https://kbvresearch.com/global-automotive-tubeless-tire-market/