DUBLIN--(BUSINESS WIRE)--The "Global Automotive Tubeless Tire Market - by Type, Vehicle Type, Distribution Channel, Region - Market Size, Demand Forecasts, Company Profiles, Industry Trends and Updates (2017-2023)" report has been added to ResearchAndMarkets.com's offering.

The global automotive tubeless tire market was USD 137.38 billion in 2017 and will reach USD 196.42 billion by 2023, growing at a CAGR of 6.14% from 2017 to 2023.

Expanding automotive industry in countries like Japan, China, South Korea, and India is the major driver for the growth of automotive tubeless tire market. On the other hand, increasing disposable income is the growth factor of the market for countries like North America and Europe.

Moreover, fuel efficiency, the rise in demand of better performance vehicles, low cost of tubeless tires, strict automotive emission policy and advanced technological developments such as low weight tubeless tire, environmentally-friendly tubeless tires and advanced raw materials are also the important driving factors of the global automotive tubeless tire market.

Whereas, factors like the lack of technological advancement for commercial and off-road vehicles, and varying raw material price are the major constraints of the market of this industry.

Asia Pacific is expected to retain its leading position and show a profitable growth followed by North America and Europe over the forecast period.

Industry Trends and Updates

  • Michelin had finalized the acquisition of Fenner P.L.C. for USD 1.73 billion. This acquisition is intended to provide a comprehensive offering to mining customers.
Companies Profiled
  • Alliance Tire Group
  • Apollo Tyres
  • Bridgestone Corporation
  • CEAT
  • Continental AG
  • Goodyear Tire and Rubber Company
  • Hankook Tire Co. Ltd.
  • Kumho Tyre
  • Michelin
  • MRF
  • Pirelli Tire S.p.A
  • Summitomo Rubber Industries Ltd.
  • Toyo Tire & Rubber Co. Ltd.
  • Yokohama Tires

Key Topics Covered

1. Research Methodology

2. Executive Summary

3. Market Overview

4. Market Dynamics

5. Global Automotive Tubeless Tire Market Segmentation, Forecasts and Trends - by Type

6. Global Automotive Tubeless Tire Market Segmentation, Forecasts and Trends - by Vehicle Type

7. Global Automotive Tubeless Tire Market Segmentation, Forecasts and Trends - by Distribution Channel

8. Global Automotive Tubeless Tire Market Segmentation, Forecasts and Trends - by Region

9. Company Market Share Analysis

10. Company Profiles

11. Industry Structure

12. Global Automotive Tubeless Tire Market - The Road Ahead

For more information about this report visit https://www.researchandmarkets.com/research/dl9shb/global_automotive?w=4

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Related Topics: Automotive Tires