



Global Automotive Tubeless Tire Market - by Type, Vehicle Type, Distribution Channel, Region - Market Size, Demand Forecasts, Company Profiles, Industry Trends and Updates (2018 - 2025)
Publisher Markgene | Pages 103 | Format PDF |
Publish Date 43497 | Report ID MAMR521419306 |
Growth by Region
Asia pacific is expected to retain its lead position and show a profitable growth followed by North America and Europe over the forecast period.
Drivers vs Constraints
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, 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, environment friendly tubeless tires and advanced raw materials are also the important driving factors of the global automotive tubeless tire market.
Whereas, factors like 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.
Industry Trends and Updates
In May 2018, 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
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