Global Automotive Tubeless Tire Market Share
Posted: Apr 26, 2018
Global Automotive Tubeless Tire Market: Size
Global Automotive Tubeless Tire Market to reach a market size of $185.8 billion by 2022. Tubeless tires run without requiring an inner tube, since the outer casing produces an air tight seal with the rim of the wheel. The tubeless tire is made up of tread, steel belt, and also spiral layer. Numerous features are easily conducted with the use of tubeless tires which include helping the vehicle load, transmitting traction, absorbing road shocks, and so on. Tubeless tires are made up of steel belt covered with resilient rubber and inflated with high-pressure air (nitrogen, CO2, O2, and also mixture of gases), allowing the tubeless tires work smoothly.
Global Automotive Tubeless Tire Market: Share
The Global Automotive Tubeless Tire Market is potential market-place and should witness tremendous increase during the predict period of time. Major factors that are driving the market-place growth are simple puncture repair options, safety while high speed driving, lower tire pressure, better bump absorption, and also reduced rotating weight. Commercial vehicles are highly inclined to adopt tubeless tires and apply the same in varying values depending on the application and also role of the vehicle.
Global Automotive Tubeless Tire Market: Growth
Global Automotive Tubeless Tire Market is driven by growth in production & sales of vehicles also stringent vehicular emission & fuel economy rules & regulation globally. But, volatile costs of raw material and technical advancement, for example increase in adoption of air-less tires in heavy duty trucks & buses and off-road vehicles, hindering the market progress. In addition, technological innovations in the automotive tire market, like for example light weight tubeless tire, developed with advance rubber & metals, and increase in aftermarket for tubeless tire, due to rise in lifespan of vehicles, are anticipated to unfold different opportunities for the market-place growth. The major challenges for tubeless tire OEMs are to overcome problems like for example 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 Bias. Based on Type of Vehicle, the Global Automotive Tubeless Tire Market is segmented into 4-Wheeler, Heavy Vehicles, and also 2-Wheeler. According to Distribution Channel, the Global Automotive Tubeless Tire Market is segmented into Aftermarket Sales and also 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 predict period of time (2016-2022).
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