Top Automotive Tubeless Tire Companies

Global Automotive Tubeless Tire Market size was valued at USD 181.8 billion in 2023 and is poised to grow from USD 195.07 billion in 2024 to USD 342.76 billion by 2032, growing at a CAGR of 7.3% during the forecast period (2025-2032).

Prominent industry participants are making significant investments in R&D to broaden their product offerings, contributing to the further expansion of the Tubeless Tyre market. To increase their global presence, market players are also engaging in a range of strategic initiatives. Notable advancements in the industry include the introduction of new products, contracts, increased investments, mergers and acquisitions, and joint ventures with other businesses. To grow and thrive in an increasingly competitive and developing market environment, the tubeless tyre sector needs to provide affordable products. 'Bridgestone Corporation (Japan) ', 'Michelin (France) ', 'The Goodyear Tire & Rubber Company (USA) ', 'Continental AG (Germany) ', 'Pirelli & C. S.p.A. (Italy) ', 'Sumitomo Rubber Industries, Ltd. (Japan) ', 'Yokohama Rubber Co., Ltd. (Japan) ', 'Hankook Tire & Technology Co., Ltd. (South Korea) ', 'Cooper Tire & Rubber Company (USA) ', 'Toyo Tire Corporation (Japan) ', 'CEAT Ltd. (India) ', 'MRF Limited (India) ', 'Apollo Tyres Ltd (India) ', 'Kumho Tire Co., Inc. (South Korea) ', 'Nokian Tyres plc (Finland) ', 'Maxxis International (Taiwan) ', 'Cheng Shin Tire (CST) (Taiwan) ', 'Triangle Tyre Co., Ltd. (China) ', 'Sailun Group Co., Ltd. (China) ', 'Nexen Tire Corporation (South Korea)'

The automotive tyre business is anticipated to be driven over the projected period by a surge in automobile production and a high demand for passenger cars worldwide. According to data from the International Organisation of Motor Vehicle Manufacturers, market participants are being encouraged to develop new tyres with superior wet grip and low rolling resistance by the implementation of strict tyre performance regulations and the growing demand for fuel-efficient vehicles.

Driving Forces of Tubeless Tires in the Global Automotive Industry: The growth of the automotive industry is driving the tubeless tire market's compound annual growth rate (CAGR). Due to their increased safety and dependability, tubeless tires have managed to displace traditional pneumatic tires. The automotive tire industry is expected to be driven by the global expansion in automobile production and the growing demand for passenger cars in the coming years. The popularity of sport utility vehicles is growing in developing nations.

The growing sales of electric cars and the technologically sophisticated development of autonomous vehicles have made North America the market leader for tubeless tires. This has increased demand for tubeless tires for automobiles in the area. Also, the growing demand for pickup trucks and other comparable light commercial vehicles and their increased manufacturing will support regional market growth. Due to the existence of the largest automotive tubeless tire market and the growing penetration of passenger vehicles and two-wheelers in the region because of rising consumer per capita capital, the Asia-Pacific Tubeless Tyre Market generates the second-highest revenue. Furthermore, the Asia-Pacific region's fastest-growing tubeless tire market was India, while China maintained the highest market share.