- Press Release -

Rockville, Md. The global tubeless tires market is set to grow from US$ 140 Bn in 2017 to a little over US$ 193 Bn by 2022, a 6.7% CAGR, according to Fact.MR. Punctures may be cheap to fix, but their disruption to logistics, public transit and freight is pushing steady adoption of tubeless tires across every vehicle class, helped by their ability to run at low pressure, their stability and their lighter weight.

Radial tires dominate the product mix, passenger cars generate the bulk of revenue, and the aftermarket leads distribution. Asia Pacific excluding Japan is the largest region, while North America is the fastest riser.

Products, Vehicles and Channels

Radial tires carry more than three-fourths of revenue and remain the top sellers, with bias tires adding steady demand. Passenger cars account for over two-fifths of the market and are set to pass US$ 86 Bn by 2022. On distribution, the aftermarket dominates as owners replace and customise tires, with OEM fitment trailing. By technology, standard tubeless tires lead, while powered air-filling designs reach over US$ 38 Bn by 2022.

Asia Pacific excluding Japan stays the largest market, anchored by the manufacturing base of leading automakers in China, South Korea and India. North America grows fastest at a 7.3% CAGR on the appetite for performance driving, and Europe expands steadily on rising demand for performance vehicles.

Reliability Drives Demand

The market runs on dependability. Low friction, slow air leaks and built-in liquid sealants make tubeless tires a practical choice for owners and fleet operators alike, and that reliability advantage keeps demand climbing across both mature and emerging markets through the forecast period.

Suppliers and Their Playbook

The competitive field is led by the world's largest tire makers.

• Bridgestone Corporation, Michelin North America Inc., The Yokohama Rubber Co., Ltd., The Goodyear Tyre & Rubber Company, Madras Rubber Factory Limited, Apollo Tyres Ltd., Pirelli & C. S.p.A., Sumitomo Rubber Industries Ltd., Continental AG, and Cheng Shin Rubber Industry Co. are among the key players in the report.

Reading the Market for Decisions

For tire makers, growth favours radial and performance-oriented lines and a strong aftermarket presence. Investors get a large market with steady, replacement-led demand. Procurement teams can plan around the aftermarket leading supply, radial tires carrying volume, and Asia Pacific offering the largest opportunity while North America grows quickest through 2022.

About the Report

Fact.MR's study covers the global tubeless tires market for the 2017 to 2022 forecast period, with segmentation by product type, vehicle type, technology, sales channel and region. It sizes each segment, maps the competitive field, and weighs the demand forces shaping the market. Further detail is available in the automotive tubeless tires market report.

About Fact.MR

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. The firm is known for its syndicated research, custom research and consulting solutions, helping clients make decisions on demand, competition, investment, procurement and future growth.