Automotive Tubeless Tire Market Size

Tubeless Tire Market size was valued at USD 185.14 billion in 2024 and is set to exceed USD 409.67 billion by 2037, registering over 6.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of tubeless tire is evaluated at USD 195.05 billion.

The prominent decline of flat tires and repair facilities, increased raise of two-wheelers, high safety, and reliability, increased production of vehicles, and increased accidents are estimated to boost the tubeless tire market growth during the forecast period. Most of the fitness centres in the United States are closed temporarily during COVID-19, so many Americans started cycling outdoors to stay physically active. This boosted the growth of bike sales and lead to a shortage of bikes. U.S manufacturers shipped USD 300 million of bicycles and USD 780 million of bike parts in 2019.

The ride comfort and advantage to use under low air pressure are major factors that contribute to the growth of the global tubeless tire market size. The rise of two-wheelers, increase in the cost of spare parts, and increase in disposable income is estimated to drive the growth of the market. The disposable personal income in June 2022 was USD 110 billion, increased from 0.5% to 0.6% compared to the previous month.