Tubeless Tire Market 2022 Future Growth, Recent Development, Company Profiles, Products Offered, Revenue and Forecast 2030
Tubeless Tire Market Overview: According to a comprehensive research report by Market Research Future (MRFR), “ Tubeless Tire Market ” the market size is projected to be worth USD 241.85 Billion by 2027, registering a CAGR of 7.15% during the forecast period (2021 - 2027), The market was valued at USD USD 188.42 billion in 2020. The tubeless tire market is growing rapidly, mainly due to the continually rising consumer preference for these tires. Besides, the market is driven by increasing vehicle production & sales and strong economic growth worldwide. Spurring rise in the automotive industry, alongside growing numbers of OEMs and increasing aftermarket activities across the globe, creates substantial market demand. Automotive is among thirteen industries earmarked for extended financial support via the Production-Linked Incentive (PLI) schemes during the next five years. Tax structure relaxations in the automotive industry in many emerging countries like