Automotive tubeless tyre market is anticipated to grow at a considerable CAGR of 8.0% during the forecast period. Numerous factors that drive the market growth include the growing adoption of the tubeless tire in response to its advantages. The benefits of tubeless tires over traditional tube-type tires include reduced risk of puncturing, lower rolling resistance, increased speed, comfort, and grip, greater range of pressure adjustment, ability to repair small holes, better traction, and elimination of pinch flats. In addition, the high demand for radial tires in bus and truck vehicles further fueled the market growth. The market players which include, Bridgestone, MRF, Ceat Ltd., and others are offering various ranges of tubeless tyres for automotive vehicles by adopting various strategies such as partnership, collaboration, funding, and others. For instance, in August 2022 Bridgestone Americas (Bridgestone) announced a major expansion and modernization of its Warren County, Tennessee Truck and Bus Radial (TBR) Tire Plant located in Morrison. The $550 million investment expand the plant’s existing footprint by 850,000 square feet to support increased capacity and to accelerate the use of advanced technologies that support cleaner, safer and more efficient commercial truck and bus fleets.
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The radial tubeless tyre segment is anticipated to hold a prominent share of the market during the forecast period. Increasing use of radial tubeless tyres in heavy vehicles such as excavators, tractors, and others owing to their wider properties is projected to drive the segment growth. Moreover, the market players are offering a radial tubeless tyre that is designed to use in lift trucks, automated guided vehicles, container handlers, and cranes. For instance, in April 2023 Bridgestone Americas (Bridgestone) introduced the V-Steel Port Container Straddle (VPCS) radial tire, specially designed for straddle containers used in port terminals and intermodal yards. The new VPCS is engineered with enhanced load capacity, speed rating and durability for more efficient operations and extended service life.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Automotive Tubeless Tyre Market by Type
- Bias Tubeless Tire
- Radial Tubeless Tire
Global Automotive Tubeless Tyre Market by Pattern Design
- Lug
- Rib
- Semi Lug
Global Automotive Tubeless Tyre Market by Vehicle Type
- Passenger Cars
- Commercial Vehicles
- Two Wheeler
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Hankook Tire Co. Ltd.
- Apollo Tires Ltd
- Bridgestone Corp.
- Cooper Tire & Rubber Co.
- CST
- Hankook Tire Co. Ltd.
- Kumho Tire Co., Inc.
- Michelin
- Pirelli Tire S.p.A.
- Sumitomo Rubber Industries, Ltd.
- Toyo Tire & Rubber Co. Ltd.
- Yokohama Tire Corp.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive tubeless tyre market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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