Market Overview:
The global tire valve market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for passenger cars and commercial vehicles, and rising awareness about vehicle safety. In terms of type, the rubber tire valve segment is expected to dominate the market during the forecast period, owing to its low cost and easy installation. However, metal tire valves are gaining popularity due to their durability and resistance against corrosion. In terms of application, two-wheelers are expected to dominate the market during the forecast period as they account for a large number of vehicles in use globally.
Product Definition:
A tire valve is a device that allows air to enter or leave a tire. It is inserted into the valve stem, the part of the wheel that sticks out, and is held in place by a valve cap. Tire valves come in two types: Schrader and Presta. Schrader valves are more common and are used on most cars and bikes. Presta valves are found on high-end bikes and some cars.
Rubber Tire Valve:
Rubber tire valve is a type of pressure monitoring system that uses a valve to control the release of air from the tire. The device is mounted in the wheel and acts as an indicator as well as an inflator when pressed by a button on the handlebar. It monitors both sides ofthe road while driving, and notifies driver about any significant decrease in pressure.
Metal Tire Valve:
Metal tire valve is a device that controls the release of air from the tire. It is installed in between the inner tube and rim of a wheel. The metal valve opens to allow air out when needed and prevents it from entering back into the system when pressure is released by reducing stem force or decreasing seat depth.
Application Insights:
The others application segment includes motorcycles, tractors and other agricultural machinery, construction equipment, marine equipment and trucks. The demand for commercial vehicles is expected to witness growth owing to the expansion of the logistics industry. Logistics companies are focusing on reducing their carbon footprint by adopting sustainable transport solutions such as electric vehicles and hybrid vehicles. This is likely to result in increased demand for tires with valves over the forecast period.
Passenger car drivers prefer passenger cars equipped with pneumatic tires as they provide a comfortable ride by reducing road vibration caused by mechanical components such as chains or gears moving inside an automobile¢â‚¬â„¢s transmission system. As a result, tire manufacturers focus on developing products that offer high performance along with durability and safety features suitable for passenger cars thus resulting in higher market penetration compared to other types of vehicle including light commercial vehicle (LCV) & heavy-duty truck (HDT).
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 40.0% in 2017. This is attributed to increasing automobile production and sales, coupled with rising consumer disposable income levels across the region. The presence of key automotive manufacturers such as Toyota, Honda Motor Co., Ltd., Suzuki Motor Corporation and Hyundai Motor Company has also contributed significantly to regional growth.
Europe was estimated to be the second-largest market for tire valves globally in 2017 owing to high demand from two-wheeler manufacturers across countries such as Germany, France, Italy and Russia among others. Moreover, growing vehicle production by companies including Volkswagen AG; Mercedes Benz AG; BMW Group; AUDI AG; Ford Motors PLC.; Fiat Chrysler Automobiles N.V.; Volvo Car Corp.
Growth Factors:
- Increasing demand for automobiles
- Rising disposable income of consumers
- Technological advancements in tire valve manufacturing process
- Growing awareness about the benefits of using tire valves
- Stringent government regulations for vehicle safety
Scope Of The Report
Report Attributes
Report Details
Report Title
Tire Valve Market Research Report
By Type
Rubber Tire Valve, Metal Tire Valve
By Application
Two-Wheelers, Passenger Car, Commercial Vehicles, Others
By Companies
Schrader (Sensata), Pacific Industrial, Continental, Baolong, Alligator, Hamaton, Wonder, Zhongda
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Tire Valve Market Report Segments:
The global Tire Valve market is segmented on the basis of:
Types
Rubber Tire Valve, Metal Tire Valve
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Two-Wheelers, Passenger Car, Commercial Vehicles, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Schrader (Sensata)
- Pacific Industrial
- Continental
- Baolong
- Alligator
- Hamaton
- Wonder
- Zhongda
Highlights of The Tire Valve Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Rubber Tire Valve
- Metal Tire Valve
- By Application:
- Two-Wheelers
- Passenger Car
- Commercial Vehicles
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Tire Valve Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A tire valve is a device that controls the air pressure in a tire.
Some of the major players in the tire valve market are Schrader (Sensata), Pacific Industrial, Continental, Baolong, Alligator, Hamaton, Wonder, Zhongda.
The tire valve market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Tire Valve Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Tire Valve Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Tire Valve Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Tire Valve Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Tire Valve Market Size & Forecast, 2020-2028
4.5.1 Tire Valve Market Size and Y-o-Y Growth
4.5.2 Tire Valve Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Rubber Tire Valve
5.2.2 Metal Tire Valve
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Two-Wheelers
6.2.2 Passenger Car
6.2.3 Commercial Vehicles
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Tire Valve Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Tire Valve Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Rubber Tire Valve
9.6.2 Metal Tire Valve
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Two-Wheelers
9.10.2 Passenger Car
9.10.3 Commercial Vehicles
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Rubber Tire Valve
10.6.2 Metal Tire Valve
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Two-Wheelers
10.10.2 Passenger Car
10.10.3 Commercial Vehicles
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Rubber Tire Valve
11.6.2 Metal Tire Valve
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Two-Wheelers
11.10.2 Passenger Car
11.10.3 Commercial Vehicles
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Rubber Tire Valve
12.6.2 Metal Tire Valve
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Two-Wheelers
12.10.2 Passenger Car
12.10.3 Commercial Vehicles
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Rubber Tire Valve
13.6.2 Metal Tire Valve
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Two-Wheelers
13.10.2 Passenger Car
13.10.3 Commercial Vehicles
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Tire Valve Market: Competitive Dashboard
14.2 Global Tire Valve Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Schrader (Sensata)
14.3.2 Pacific Industrial
14.3.3 Continental
14.3.4 Baolong
14.3.5 Alligator
14.3.6 Hamaton
14.3.7 Wonder
14.3.8 Zhongda
