Tubeless Tire Market

The expansion of the automotive industry is driving the market growth

The market CAGR for tubeless tires is being driven by the expansion of the automotive industry. The tubeless tires have managed to replace the traditional pneumatic tires due to the rising reliability and safety they offer. The increase in the production of automobiles and rising demand for passengers car throughout the world to fuel the automotive tire industry during the forecast years. Sports utility vehicles are attaining momentum in developing countries.

The Global Tubeless Tire Market Industry is projected to witness substantial growth in the coming years. With an expected market value of 185.7 USD Billion in 2024, the industry is set to expand significantly, reaching an estimated 361.1 USD Billion by 2035. This growth is underpinned by a compound annual growth rate of 6.23% from 2025 to 2035. Factors such as increasing vehicle production, technological advancements, and rising consumer awareness about safety and efficiency are driving this upward trend. The market's expansion reflects a broader shift towards innovative tire solutions that meet evolving consumer demands.

The Global Tubeless Tire Market Industry is benefiting from an increasing awareness of road safety among consumers. Tubeless tires are known for their ability to maintain air pressure longer than traditional tires, reducing the risk of blowouts and enhancing overall vehicle safety. This heightened focus on safety is prompting consumers to opt for tubeless tires, especially in regions with high traffic accidents. Governments are also promoting road safety initiatives, which include encouraging the use of safer tire technologies. As a result, the demand for tubeless tires is likely to rise, contributing to the industry's growth trajectory in the coming years.

The Global Tubeless Tire Market Industry experiences a notable increase in demand for fuel-efficient vehicles. As consumers become more environmentally conscious, manufacturers are responding by developing tires that enhance fuel economy. Tubeless tires, which reduce rolling resistance, contribute to improved fuel efficiency. This trend is particularly evident in regions with stringent emissions regulations. For instance, the adoption of tubeless tires in electric vehicles is rising, as they offer lower weight and better performance. This shift is projected to drive the market's growth, with the industry expected to reach 185.7 USD Billion in 2024, reflecting a growing preference for sustainable automotive solutions.

The Global Tubeless Tire Market Industry is significantly influenced by the rising production and sales of vehicles worldwide. As economies recover and consumer confidence grows, the automotive sector is witnessing a surge in demand. This increase in vehicle sales directly correlates with the demand for tubeless tires, which are preferred for their convenience and performance. For instance, regions such as Asia-Pacific are experiencing rapid growth in vehicle manufacturing, leading to a higher consumption of tubeless tires. This trend is expected to contribute to a compound annual growth rate of 6.23% from 2025 to 2035, further solidifying the market's expansion.

Technological innovations play a crucial role in the Global Tubeless Tire Market Industry. Advances in materials science and manufacturing processes have led to the development of high-performance tubeless tires that offer enhanced durability and safety. For example, the introduction of advanced rubber compounds and improved tread designs has resulted in tires that provide better traction and longer lifespan. These innovations not only meet consumer demands for performance but also align with regulatory standards for safety. As manufacturers invest in research and development, the market is likely to expand, with projections indicating a growth to 361.1 USD Billion by 2035.

The Global Tubeless Tire Market Industry is experiencing a transformation due to the expansion of e-commerce and online sales channels. Consumers increasingly prefer the convenience of purchasing tires online, which allows for easy comparison of products and prices. This shift is particularly relevant in urban areas where access to physical tire retailers may be limited. Online platforms are also providing detailed information about tubeless tires, helping consumers make informed decisions. As this trend continues, it is expected to drive sales growth in the tubeless tire segment, further enhancing the market's overall performance.

By region, the study offers market insights into North America, Europe, Asia-Pacific, and The Rest of the World. The North American Tubeless Tire market area dominates the market due to the increasing sale of electric vehicles, and the technologically advanced development of autonomous vehicles is boosting the demand for automotive tubeless tires in the region. Further, the rising popularity and increased production of pickup trucks and similar light commercial vehicles will boost the market growth in the region.

Further, the main countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, Japan, China, India, Australia, South Korea, and Brazil.

Figure 2: Tubeless Tire Market Share By Region 2022 (USD Billion)

Source: The Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

The Asia-Pacific Tubeless Tire Market accounts for the second-largest market revenue due to the presence of the largest automotive tubeless tire market and rising penetration of passenger cars and two-wheeler in the region due to the increasing per capita capital of the consumers. Moreover, China’s Tubeless Tire market held the largest market share, and the Indian Tubeless Tire market was the rapid-growing market in the Asia-Pacific region.

Europe's Tubeless Tire market is expected to grow at the fastest CAGR from 2024 to 2032. This is due to the rising adoption of electric vehicles and the technological advancements in the automobile industry. Further, the German Tubeless Tire market held the largest market share, and the UK Tubeless Tire market was the rapid-growing market in the European region.

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Tubeless Tire market grow even more. Market players are also undertaking various strategic activities to spread their global footprint, with important market developments including new product launches, contractual agreements, higher investments, mergers and acquisitions, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Tubeless Tire industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Tubeless Tire industry to benefit clients and increase the market sector. In recent years, the Tubeless Tire industry has offered some of the most significant advantages to the automotive industry. Major players in the Tubeless Tire market, including Pirelli & C.SpA, Maxxis International, CEAT Tires Ltd., Michelin, Apollo Tires, Yokohama Tire Corporation, Toyo Tire & Rubber Co.

Ltd, Cooper Tire & Rubber Company, Madras Rubber Factory Limited, and others, are attempting to increase market demand by investing in research and development operations.

Pirelli, founded in the year 1872, is an Italian multinational tire manufacturer focused on the consumer manufacturer of tires for motorcycles, cars, and bicycles and operates in over 160 countries. The company is the only tire manufacturer in the past to be involved in fashion and operating in renewable energy and sustainable mobility. The tires manufactured by the company provide exceptional ride comfort, safety, and fuel efficiency without compromising the performance of the tire. In May 2021, the world's first Forest Stewardship Council (FSC)-certified P ZERO tire was launched by Pirelli.

This P ZERO tire was manufactured in accordance with the performance requirement of BMW and the 'perfect fit' strategy of Pirelli. The P ZERO tire emphasizes offering a significant handout to the green philosophy of the hybrid automotive.

For the last 50 years, Maxxis International has been dedicated to making tire riders and drivers trust for quality and performance of their tires. Founded in Taiwan, the company started by making bicycle tires and then extended to include tires for light trucks, autos, ATVs, trailers, motorcycles, and more. Today the company supplies its products to over 180 countries and have employed more than 30,000 people. The company includes producing, sourcing, and distributing its tires in the most sustainable manner, leaving very little footprint on the environment.

In February 2020, Maxxis India declared its collaboration with Yamaha in order to provide the tires for the 125 ccs BSVI-compliant Ray ZR and Fascino range of scooters and also the BSVI-compliant model of Ray ZR Street Rally 125 of Yamaha in India.