Commenting on the report, an analyst from TechNavio's Automotive team said: ''Radialization has been one of the major trends in the Tubeless Tire market in India. The effectiveness of radialization depends on various factors such as retreading facility, overload control, and road development. Radialization is being adopted at a relatively slow pace in India because of some issues such as the unsuitability of many Indian roads for radial tires, inappropriateness of the geometry of older vehicles for fitment, and the price-sensitive nature of consumers. However, despite these limitations, the tire manufacturers in India are improving their technical capabilities to produce radial tires.''
According to the report, the growth of passenger vehicle production is one of the major drivers for the Tubeless Tire market in India. The Passenger Vehicle market in India is the largest consumer of tubeless tires in India. Hence, the growth of passenger vehicle production directly influences the demand for tubeless tires in the country.
Further, the report reveals that the increase in the cost of raw materials and commodity products is one of the major challenges in the Tubeless Tire market in India.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit http://www.technavio.com/
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Automotive market research, please visit http://www.technavio.com/
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