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PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1250805

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PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1250805

Tubeless Tire Market Forecasts to 2028 - Global Analysis By Carcass Material, Construction, Vehicle Type, Rim Size, Technology, Sales Channel and By Geography

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According to Stratistics MRC, the Global Tubeless Tires Market is accounted for $186.44 billion in 2022 and is expected to reach $267.47 billion by 2028 growing at a CAGR of 6.19% during the forecast period. Tubeless tire is an inflated tire that doesn't require any kind of inner. It is a pneumatic vehicle tire where the air chamber is integrated into the tire's rubber casing. The tubeless tire has a molded rim that helps seal the flanges of the wheel rim by forcing air into the tire. The removal of an inner tube makes tubeless tires safer and more environmentally friendly than conventional tires. The tire and the rim in the tubeless tire form an airtight seal, which exerts a pressure and does not allow the tire to puncture easily. It provides advantages such as easy puncture repair, more comfortable for higher speed, lower tire pressure, better bump absorption and reduced rotating weight.

According to the Japan Automobile Manufacturers Association reports, around 7.70 million cars were produced in 2019 while more than 2.98 million cars were sold during the same period and the automotive tubeless tires expanded at an impressive 7.3%.

Market Dynamics:


Flourishing automobile sector

The tire business is being driven by the increase in vehicle manufacturing and the growing demand for passenger cars throughout the world. The tyre makers have been battling to adjust production techniques to satisfy shifting trends and needs. The business has undergone a transformation attributed to digitization, globalization and rising competition which is driving the growth of the market.


Increased demand for airless tires

The expansion of the automotive tubeless tires market is anticipated to be constrained by the rising demand for airless tires in specific cars. It does not fit easily as the tyre needs to be fixed airtight against the alloy/rim to hold air. As well as, leaking through the rim cavity, large capital expenditures for manufacturing and price volatility are impeding market expansion.


New technology advancements

To raise productivity and meet the growing demand, the participants in the Tubeless Tires market are moving toward automation in the automobile tire manufacturing process. The development of composite materials and the use of carbon fiber and metals in tire manufacturing will have a beneficial impact on market expansion.


High cost of raw materials

Tubeless tyres need to be made more accurate than standard tyres. So, they are made up of raw materials such as fiber and composite metals. On the other hand, radialization is increasing on the subcontinent which is increasing the cost of raw materials drastically. For the factors such as durability and high performance the costs are significantly rising which is hampering the growth of market.

Covid-19 Impact

Traffic volume has plummeted by roughly 40% since Covid-19. Several borders have been closed in an effort to stop the disease's spread. The demand for tires and tire-related goods has decreased, which is similar to the nationwide reduction in traffic levels. The decline in consumer purchases from neighbourhood tire merchants is a major factor in the decline in wholesale sales. The market is witnessing profits back in the post pandemic.

The passenger car segment is expected to be the largest during the forecast period

The passenger car segment is estimated to have a lucrative growth, due to its improved fuel efficiency and safety. Tubeless tires provide a number of benefits, such as less weight, less vulnerability to punctures, and improved handling. Tubeless tires increasing appeal in the passenger car market may be ascribed to both their superior quality and excellent fuel efficiency. Also, they assist motorists in maintaining control of their vehicles on slick surfaces, reducing the likelihood of collisions which drives the segment growth.

The radial segment is expected to have the highest CAGR during the forecast period

The radial segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its resistance. In contrast to bias tires, radial tubeless tires have cords that run from bead to bead to hold the air pressure within the tire. It can be inflated much higher than a regular tire without fear of bursting. It provides a number of benefits, including being lighter, more puncture-resistant, and less prone to sidewall damages which is fuelling the segment growth.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the raising government initiatives. The rising disposable income is increasing vehicle ownership rates. The high demand for passenger vehicles and commercial vehicles in this region and the presence of major tire manufacturers in this region is also a key factor contributing to its dominance.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to the increasing demand from passenger vehicles and commercial vehicles manufacturers. Factors such as rising disposable income rates and increasing vehicle production are also fueling the growth of this market during the forecast period.

Key Players in the market

Some of the key players profiled in the Tubeless Tires Market include Continental AG, Yokohama Tire Corporation, Bridgestone Corporation, Sumitomo Rubber Industries Ltd, Toyo Tire & Rubber Co, Bridgestone Corporation, CEAT Ltd, Hankook Tire Co, MICHELIN, Kumho Tire Co, MRF Limited, Pirelli Tyre SPA, Apollo Tires Ltd, Goodyear Tire & Rubber, Cooper Tire & Rubber Company and CST.

Key Developments:

In March 2023, Yokohama Off-Highway Tires America, Inc introduced the Galaxy Hippo All-Steel Radial Tire. The high-traction pattern is ideal for loaders working in dirt on construction sites, or on farms and dairies.

In December 2022, CEAT launches all-terrain tyre CrossDrive, for SUVs in India, targets world markets also. CrossDrive incorporates CEAT's cutting-edge 3D sipe technology and robust should design that helps the tyre adapt to all-terrain applications.

In September 2021, Continental continues to expand its product range, with premieres for air suspension dampers, compressors and thermostats. Air suspension dampers, compressors and coolant thermostats complement the automotive supplier's aftermarket product range

In this way Continental is continuing its drive toward "Everything from a single source'.

Carcass Materials Covered:

  • Steel Belted
  • Polyester Belted
  • Nylon
  • All Steel
  • Rayons
  • Other Carcass Materials

Constructions Covered:

  • Radial
  • Bias

Vehicle Types Covered:

  • Two-Wheeler
  • Passenger Car
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle
  • Other Vehicle Types

Rim Sizes Covered:

  • 13-15 Inch
  • 16-18 Inch
  • 19-21 Inch
  • 22-26 Inch

Technologies Covered:

  • Standard
  • Heated
  • Powered
  • Powered & Heated

Sales Channels Covered:

  • Aftermarket
  • Original Equipment Manufacturer (OEM)

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

  • Company Profiling
    • Comprehensive profiling of additional market players (up to 3)
    • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Product Code: SMRC22682

Table of Contents

1 Executive Summary

2 Preface

  • 2.1 Abstract
  • 2.2 Stake Holders
  • 2.3 Research Scope
  • 2.4 Research Methodology
    • 2.4.1 Data Mining
    • 2.4.2 Data Analysis
    • 2.4.3 Data Validation
    • 2.4.4 Research Approach
  • 2.5 Research Sources
    • 2.5.1 Primary Research Sources
    • 2.5.2 Secondary Research Sources
    • 2.5.3 Assumptions

3 Market Trend Analysis

  • 3.1 Introduction
  • 3.2 Drivers
  • 3.3 Restraints
  • 3.4 Opportunities
  • 3.5 Threats
  • 3.6 Technology Analysis
  • 3.7 Emerging Markets
  • 3.8 Impact of Covid-19

4 Porters Five Force Analysis

  • 4.1 Bargaining power of suppliers
  • 4.2 Bargaining power of buyers
  • 4.3 Threat of substitutes
  • 4.4 Threat of new entrants
  • 4.5 Competitive rivalry

5 Global Tubeless Tires Market, By Carcass Material

  • 5.1 Introduction
  • 5.2 Steel Belted
  • 5.3 Polyester Belted
  • 5.4 Nylon
  • 5.5 All Steel
  • 5.6 Rayons
  • 5.7 Other Carcass Materials

6 Global Tubeless Tires Market, By Construction

  • 6.1 Introduction
  • 6.2 Radial
  • 6.3 Bias

7 Global Tubeless Tires Market, By Vehicle Type

  • 7.1 Introduction
  • 7.2 Two-Wheeler
  • 7.3 Passenger Car
  • 7.4 Light Commercial Vehicle
  • 7.5 Heavy Commercial Vehicle
  • 7.6 Other Vehicle Types

8 Global Tubeless Tires Market, By Rim Size

  • 8.1 Introduction
  • 8.2 13-15 Inch
  • 8.3 16-18 Inch
  • 8.4 19-21 Inch
  • 8.5 22-26 Inch

9 Global Tubeless Tires Market, By Technology

  • 9.1 Introduction
  • 9.2 Standard
  • 9.3 Heated
  • 9.4 Powered
  • 9.5 Powered & Heated

10 Global Tubeless Tires Market, By Sales Channel

  • 10.1 Introduction
  • 10.2 Aftermarket
  • 10.3 Original Equipment Manufacturer (OEM)

11 Global Tubeless Tires Market, By Geography

  • 11.1 Introduction
  • 11.2 North America
    • 11.2.1 US
    • 11.2.2 Canada
    • 11.2.3 Mexico
  • 11.3 Europe
    • 11.3.1 Germany
    • 11.3.2 UK
    • 11.3.3 Italy
    • 11.3.4 France
    • 11.3.5 Spain
    • 11.3.6 Rest of Europe
  • 11.4 Asia Pacific
    • 11.4.1 Japan
    • 11.4.2 China
    • 11.4.3 India
    • 11.4.4 Australia
    • 11.4.5 New Zealand
    • 11.4.6 South Korea
    • 11.4.7 Rest of Asia Pacific
  • 11.5 South America
    • 11.5.1 Argentina
    • 11.5.2 Brazil
    • 11.5.3 Chile
    • 11.5.4 Rest of South America
  • 11.6 Middle East & Africa
    • 11.6.1 Saudi Arabia
    • 11.6.2 UAE
    • 11.6.3 Qatar
    • 11.6.4 South Africa
    • 11.6.5 Rest of Middle East & Africa

12 Key Developments

  • 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
  • 12.2 Acquisitions & Mergers
  • 12.3 New Product Launch
  • 12.4 Expansions
  • 12.5 Other Key Strategies

13 Company Profiling

  • 13.1 Continental AG
  • 13.2 Yokohama Tire Corporation
  • 13.3 Bridgestone Corporation
  • 13.4 Sumitomo Rubber Industries Ltd
  • 13.5 Toyo Tire & Rubber Co
  • 13.6 Bridgestone Corporation
  • 13.7 CEAT Ltd
  • 13.8 Hankook Tire Co
  • 13.9 MICHELIN
  • 13.10 Kumho Tire Co
  • 13.11 MRF Limited
  • 13.12 Pirelli Tyre SPA
  • 13.13 Apollo Tires Ltd
  • 13.14 Goodyear Tire & Rubber
  • 13.15 Cooper Tire & Rubber Company
  • 13.16 CST
Product Code: SMRC22682

List of Tables

  • Table 1 Global Tubeless Tires Market Outlook, By Region (2020-2028) ($MN)
  • Table 2 Global Tubeless Tires Market Outlook, By Carcass Material (2020-2028) ($MN)
  • Table 3 Global Tubeless Tires Market Outlook, By Steel Belted (2020-2028) ($MN)
  • Table 4 Global Tubeless Tires Market Outlook, By Polyester Belted (2020-2028) ($MN)
  • Table 5 Global Tubeless Tires Market Outlook, By Nylon (2020-2028) ($MN)
  • Table 6 Global Tubeless Tires Market Outlook, By All Steel (2020-2028) ($MN)
  • Table 7 Global Tubeless Tires Market Outlook, By Rayons (2020-2028) ($MN)
  • Table 8 Global Tubeless Tires Market Outlook, By Other Carcass Materials (2020-2028) ($MN)
  • Table 9 Global Tubeless Tires Market Outlook, By Construction (2020-2028) ($MN)
  • Table 10 Global Tubeless Tires Market Outlook, By Radial (2020-2028) ($MN)
  • Table 11 Global Tubeless Tires Market Outlook, By Bias (2020-2028) ($MN)
  • Table 12 Global Tubeless Tires Market Outlook, By Vehicle Type (2020-2028) ($MN)
  • Table 13 Global Tubeless Tires Market Outlook, By Two-Wheeler (2020-2028) ($MN)
  • Table 14 Global Tubeless Tires Market Outlook, By Passenger Car (2020-2028) ($MN)
  • Table 15 Global Tubeless Tires Market Outlook, By Light Commercial Vehicle (2020-2028) ($MN)
  • Table 16 Global Tubeless Tires Market Outlook, By Heavy Commercial Vehicle (2020-2028) ($MN)
  • Table 17 Global Tubeless Tires Market Outlook, By Other Vehicle Types (2020-2028) ($MN)
  • Table 18 Global Tubeless Tires Market Outlook, By Rim Size (2020-2028) ($MN)
  • Table 19 Global Tubeless Tires Market Outlook, By 13-15 Inch (2020-2028) ($MN)
  • Table 20 Global Tubeless Tires Market Outlook, By 16-18 Inch (2020-2028) ($MN)
  • Table 21 Global Tubeless Tires Market Outlook, By 19-21 Inch (2020-2028) ($MN)
  • Table 22 Global Tubeless Tires Market Outlook, By 22-26 Inch (2020-2028) ($MN)
  • Table 23 Global Tubeless Tires Market Outlook, By Technology (2020-2028) ($MN)
  • Table 24 Global Tubeless Tires Market Outlook, By Standard (2020-2028) ($MN)
  • Table 25 Global Tubeless Tires Market Outlook, By Heated (2020-2028) ($MN)
  • Table 26 Global Tubeless Tires Market Outlook, By Powered (2020-2028) ($MN)
  • Table 27 Global Tubeless Tires Market Outlook, By Powered & Heated (2020-2028) ($MN)
  • Table 28 Global Tubeless Tires Market Outlook, By Sales Channel (2020-2028) ($MN)
  • Table 29 Global Tubeless Tires Market Outlook, By Aftermarket (2020-2028) ($MN)
  • Table 30 Global Tubeless Tires Market Outlook, By Original Equipment Manufacturer (OEM) (2020-2028) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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Jeroen Van Heghe

Manager - EMEA



Christine Sirois

Manager - Americas


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