News

Jun 11, 2023

Tubeless Tires Market Projected to Reach US$ 153.6 Bn by 2031: Growing Demand Driven by Safety Regulations and Vehicle Performance Emphasis: TMR Report

Wilmington, Delaware, United States, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global tubeless tire market is projected to flourish at a CAGR of 4.4 % from 2022 to

Wilmington, Delaware, United States, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global tubeless tire market is projected to flourish at a CAGR of 4.4 % from 2022 to 2031. As per the report published by TMR, a valuation of US$ 153.6 billion is anticipated for the market in 2031. As of 2023, the market for powder coatings is expected to close at US$ 108.4 billion.

Rising disposable incomes and urbanization have led to an increase in vehicle ownership, boosting the demand for tubeless tires in passenger cars, commercial vehicles, and two-wheelers.

The rapid growth of the automotive industry, especially in emerging economies, has led to increased demand for tubeless tires as original equipment for new vehicles and as replacements for older vehicles. Improved traction, stability, and handling, particularly in high-performance vehicles and off-road applications, are boosting market progress.

The growing adoption of tubeless tires in passenger cars and the development towards producing cheaper and sustainable green tires to reduce carbon emissions will catapult the growth of the global tubeless tire market.

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Market Snapshot:

Key Takeaways from the Market Study

Tubeless Tires Market: Key Trends and Opportunistic Frontiers

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Tubeless Tire Market – Regional Landscape

Competitive Landscape

The tubeless tire is highly consolidated with the presence of a few market players. The leading players in the market are investing in new product development, mergers, and acquisitions to gain a competitive edge. Transparency Market Research has profiled the following players in its global tubeless tire market report:

Key Developments in Global Tubeless Tires Market

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Tubeless Tire Market – Key Segments

Tire Type

Rim Size

Vehicle Type

End-use Industry

Sales Channel

Region

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