HOME Top Market Reports Advanced Tires Market By On-Highway & Off-Highway Vehicle, Technology (TPMS, Chip-Embedded, Self-Inflating, All-in-one, Multi-Chamber), Autonomous Vehicle, 3D Printed, Type (Run-flat, Airless, Pneumatic), Material, and Region - Global Forecast to 2030

Advanced Tires Market By On-Highway & Off-Highway Vehicle, Technology (TPMS, Chip-Embedded, Self-Inflating, All-in-one, Multi-Chamber), Autonomous Vehicle, 3D Printed, Type (Run-flat, Airless, Pneumatic), Material, and Region - Global Forecast to 2030

By: marketsandmarkets.com
Publishing Date: September 2018
Report Code: AT 6634

 

  Speak to Analyst Enquiry Before Buying Webinar
purchase report
download pdf  request for customisation


[160 Pages Report] The Advanced Tires Market is projected to grow at a CAGR of 17.98%, during the forecast period, to reach a market size of USD 1,148.3 million by 2030 from an estimated USD 219.7 million in 2020.

Increasing premium cars production and developments in connected car technologies are estimated to increase the overall demand for advanced tires across the globe. Additionally, the increasing focus of tire manufacturer on the advanced technologies such as 3D printing, organic raw material and autonomous vehicle is expected to further boost the demand for advanced market in future.

Advanced Tires Market

Advanced Tires Market Years considered for Research Report:

  • 2020 - Estimated Year
  • 2030 - Projected Year
  • 2020–2030 - Forecast Period

Increasing demand for autonomous and connected technologies in automotive is expected to drive the market for advanced tires.

Advanced tires comprise technologies such as chip-embedded, self-inflating, multi-chamber, and all-in-one tires. These technologies are expected to increase the in-vehicle convenience by significantly. These technologies help increase the durability of the tire by real-time monitoring of tire pressure. Moreover, the tire pressure within normal range also improves the fuel efficiency of the vehicle. Hence, advanced tire technologies are expected to lower the maintenance cost of the vehicle resulting in an increasing demand for advanced tires across the globe.

Furthermore, the ongoing new product developments by leading companies are likely to propel further growth of the advanced tires market for the longer forecast.

Advanced Tires Market Dynamics

Drivers

  • Reduction in carbon footprints
    • Recycled tires/materials
    • New raw materials
    • Green materials
  • Convenience and driver assistance
    • Puncture resistant
    • Low maintenance
    • Connected features in tires
  • High maintenance and replacement costs of conventional OTRs
    • Replacement and repair costs
    • High downtime, hence, loss of man hours

Restraints:

  • High initial investments
    • Initial costs
    • Commercialization concerns
  • Inability of mass production
    • Cost-benefit analysis of advanced tires

Opportunities

  • Increasing demand for industrial automation
    • Growth of ecommerce
    • Increase in industrial vehicles
    • Need for advanced tires
  • Autonomous and semi-autonomous vehicles

Challenges

  • Real-life implementation of advanced tires
    • Form vs. functionality
    • Durability/usability
  • Customer acceptance

Advanced Tires Market Research Report Study and Objectives

  • To estimate and forecast the global market, by on-highway vehicle type, by type, by technology, by material, and by region
  • To segment the market and forecast the market size, by value and volume for off-highway vehicles on the basis of vehicle type and technology at the regional level
  • To segment the market and forecast the market size, by value and volume, for 3D printing technology and autonomous vehicle type at the regional level

Research Methodology

The research methodology used in the report involves various secondary sources such as EAMA, OICA, CEMA, and paid databases such as Marklines, Factiva, and other directories. Experts from related industries and suppliers have been interviewed to understand the future trends of the advanced tires market. The bottom-up approach has been used to estimate the market size, by volume. The estimated installation rate of advanced technologies has been derived using primary and secondary at regional level. The market size, by volume, is multiplied by the estimated average OE price (AOP) of tires unit required for each application and vehicle segment to calculate the market size in terms of value. Summation of the country-wise markets gives the regional market, and further summation of the regional markets provides the global tires market. Dealers and distributors of tires and technology suppliers are consulted for information. The same approach has been used to derive the off-highway advanced tires market.

Advanced Tires Market

To know about the assumptions considered for the study, download the pdf brochure

The advanced tires market is dominated by a few globally established players such as Continental (Germany), Bridgestone (Japan), Michelin (France), Goodyear(US), Pirelli (Italy), Sumitomo (Japan), Yokohama (Japan), Hankook Tire (South Korea), Nokian (Finland),CEAT (India), and Toyo Tire (Japan).

Advanced Tires Market, Target Audience

  • On-highway Tire manufacturers
  • Off-highway tire manufacturers
  • Tire associations
  • Automotive associations
  • Tire raw material manufacturers
  • Global industrial vehicle and cargo handling associations
  • Government and regulatory authorities
  • Research and consulting associations

Scope Of The Report

Advanced Tires Market, By on-highway Vehicle type

  • LDV
  • HDV

By on-highway Technology type

  • Chip-embedded tires
  • Self-inflating tires
  • Multi-chamber tires
  • All-in-one tires

By off-highway vehicle type, Region* & Technology**

  • Agricultural tractors
    • By region
    • By technology
  • Construction & mining equipment
    • By region
    • By technology
  • Industrial equipment
    • By region
    • By technology

    *Regions Considered are - Asia Oceania, Europe, North America, and RoW
    **Technologies considered are - TPMS, Chip-Embedded, Multi Chamber, and All-in-one

  • Niche technology
    • 3D printed tires
    • Autonomous vehicle advanced tires
  • By material type
    • Natural rubber
    • Synthetic rubber
    • Steel
    • Elastomers
    • Others

Advanced Tires

Advanced Tires Market

Market, by Region
  • Asia Oceania
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Oceania
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Europe Others
  • North America
    • US
    • Canada
    • Mexico
  • RoW
    • Brazil
    • Argentina

Available Customizations

With the given market data, MarketsandMarkets offers customizations in accordance with the company’s specific needs.

Agricultural tractor Advanced Tires Market, by technology and Region

  • TPMS
  • Asia
  • Self-Inflating
  • Multi-Chamber
  • Chip-Embedded

Construction & mining Advanced Tires Market, by Technology

    TPMS
  • Self-inflating
  • Multi-chamber
  • Chip-embedded

Industrial equipment Advanced Tires Market, By Bechnology

  • TPMS
  • Self-inflating
  • Chip-embedded
  • Multi-chamber

Advanced Tires Market, By Material

  • LDV
  • HDV

Detailed analysis and profiling of additional market players (UP TO 3)

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Secondary Sources for Vehicle Sales & Production
           2.2.2 Key Secondary Sources for Market Sizing
           2.2.3 Key Data From Secondary Sources
    2.3 Primary Data
           2.3.1 Sampling Techniques & Data Collection Methods
           2.3.2 Primary Participants
    2.4 Market Size Estimation
           2.4.1 Bottom-Up Approach: On-Highway Vehicles
           2.4.2 Bottom-Up Approach: Off-Highway Vehicles
           2.4.3 Top-Down Approach
           2.4.4 Top-Down Approach: for 3D Printed Tires
           2.4.5 Top-Down Approach: for Tire Type
    2.5 Market Breakdown and Data Triangulation
    2.6 Assumptions

3 Executive Summary (Page No. - 33)

4 Premium Insights (Page No. - 36)
    4.1 Attractive Opportunities in the Advanced Tires Market
    4.2 Advanced Tires Market (On-Highway), By Region
    4.3 Advanced Tires Market, By On-Highway Vehicle Type
    4.4 Advanced Tires Market (On-Highway), By Technology
    4.5 Advanced Tires Market, By Off-Highway Vehicle Type
    4.6 Advanced Tires Market (Off-Highway Vehicle), By Technology
    4.7 Advanced Tires Market (On-Highway), By Material
    4.8 Advanced Tires Market (On-Highway), By Type

5 Market Overview (Page No. - 42)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Focus on Reduction in Carbon Footprints
                               5.2.1.1.1 Recycling of Tires/Materials
                               5.2.1.1.2 Alternative Raw Material Sourcing
                               5.2.1.1.3 Increase in Use of Green Raw Materials
                    5.2.1.2 Need for Convenience and Driver Assistance
                               5.2.1.2.1 Puncture Resistant Tires
                               5.2.1.2.2 Low Maintenance Tires
                               5.2.1.2.3 Connected Features in Tires
                    5.2.1.3 High Maintenance and Replacement Costs of Conventional Otr Tires
                               5.2.1.3.1 Replacement and Repair Costs of Otr Tires
                               5.2.1.3.2 High Equipment Downtime During Tire Failure
           5.2.2 Restraints
                    5.2.2.1 High Initial Investment Costs
                               5.2.2.1.1 High Initial Cost of Advanced Tires
                               5.2.2.1.2 Commercialization Concerns
                    5.2.2.2 Inability of Mass Production
                               5.2.2.2.1 Cost-Benefit Analysis of Advanced Tires
           5.2.3 Opportunities
                    5.2.3.1 Increasing Demand for Industrial Automation
                               5.2.3.1.1 Growth of E-Commerce
                               5.2.3.1.2 Increase in Industrial Vehicles
                    5.2.3.2 Autonomous and Semi-Autonomous Vehicles
           5.2.4 Challenges
                    5.2.4.1 Real-Life Implementation of Advanced Tires
                               5.2.4.1.1 Form vs Functionality
                               5.2.4.1.2 Durability/Usability
                    5.2.4.2 Customer Acceptance

6 Technological Overview (Page No. - 50)
    6.1 Introduction
    6.2 Rechargeable Tire
    6.3 Organic Tires
           6.3.1 Green Tires
    6.4 Oxygen Tires
    6.5 Shape-Shifting Tires
    6.6 360 Degrees Tires

7 Advanced Tires Market, By On-Highway Vehicle Type (Page No. - 53)
Note: The Chapter is Further Segmented By Resin Type and Further It is Segmented at Regional Level (Asia Oceania, Europe, North America, and RoW)
    7.1 Introduction
    7.2 LDV
    7.3 HDV

8 Advanced Tires Market for On-Highway Vehicle, By Technology Type (Page No. - 57)
The Chapter is Further Segmented at Regional Level (Asia Oceania, Europe, North America, and RoW)
    8.1 Introduction
    8.2 Chip-Embedded Tires
    8.3 Self-Inflating Tires
    8.4 Multi-Chamber Tires
    8.5 All-In-One Tires

9 Advanced Tires Market, By Off-Highway Vehicle Type & By Technology (Page No. - 64)
Note - The Chapter is Further Segmented at Regional Level (Asia Oceania, Europe, North America, and RoW) & Technology Type (TPMS, Self-Inflating, Chip-Embeddded, Multi-Chamber)
    9.1 Introduction
    9.2 Agricultural Tractors
           9.2.1 By Region
           9.2.2 By Technology
    9.3 Construction & Mining Equipment
           9.3.1 By Region
           9.3.2 By Technology
    9.4 Industrial Equipment
           9.4.1 By Region
           9.4.2 By Technology

10 Advanced Tires Market, By Niche Technology (Page No. - 74)
Note - The Chapter is Further Segmented at Regional Level (Asia Oceania, Europe, North America, and RoW)
     10.1 Introduction
     10.2 3D Printed Tires
     10.3 Autonomous Vehicle Advanced Tires

11 Advanced Tires Market, By Material Type (Page No. - 78)
Note - The Chapter is Further Segmented at Regional Level (Asia Oceania, Europe, North America, and RoW)
     11.1 Introduction
     11.2 Natural Rubber
     11.3 Synthetic Rubber
     11.4 Steel
     11.5 Elastomers
     11.6 Other Materials

12 Advanced Tires Market, By Type (Page No. - 86)
The Chapter is Further Segmented at Regional Level (Asia Oceania, Europe, North America, and RoW)
     12.1 Introduction
     12.2 Pneumatic Tires
     12.3 Run-Flat Tires
     12.4 Airless Tires

13 Advanced Tires Market, By Region (Page No. - 92)
Note: The Chapter is Further Segmented at Country Level and By Technology Type (Self-Inflating, Chip-Embeddded, All-In-One, Multi-Chamber)
     13.1 Introduction
     13.2 Asia Oceania
             13.2.1 China
             13.2.2 India
             13.2.3 Japan
             13.2.4 South Korea
             13.2.5 Rest of Asia Oceania
     13.3 Europe
             13.3.1 Germany
             13.3.2 France
             13.3.3 UK
             13.3.4 Spain
             13.3.5 Italy
             13.3.6 Rest of Europe
     13.4 North America
             13.4.1 US
             13.4.2 Canada
             13.4.3 Mexico
     13.5 Rest of the World
             13.5.1 Brazil
             13.5.2 Argentina

14 Competitive Landscape (Page No. - 119)
     14.1 Overview
     14.2 Product Matrix
     14.3 Competitive Scenario
             14.3.1 New Product Developments
             14.3.2 Partnerships & Agreements

15 Company Profiles (Page No. - 124)
(Business Overview, Products Offered, Recent Developments, & SWOT Analysis)*
     15.1 Continental
     15.2 Bridgestone
     15.3 Michelin
     15.4 Goodyear
     15.5 Pirelli
     15.6 Sumitomo
     15.7 Yokohama
     15.8 Hankook Tire
     15.9 Nokian
     15.10 Ceat
     15.11 Toyo Tire & Rubber Co. Ltd.

*Details on Business Overview, Products Offered, Recent Developments, & SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.

16 Appendix (Page No. - 150)
     16.1 Insights of Industry Experts
     16.2 Discussion Guide
     16.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     16.4 Available Customizations
             16.4.1 Agricultural Tractor Advanced Tires Market, By Technology
                        16.4.1.1 TPMS
                        16.4.1.2 Self-Inflating
                        16.4.1.3 Multi-Chamber
                        16.4.1.4 Chip-Embedded
             16.4.2 Construction & Mining Advanced Tires Market, By Technology
                        16.4.2.1 TPMS
                        16.4.2.2 Self-Inflating
                        16.4.2.3 Multi-Chamber
                        16.4.2.4 Chip-Embedded
             16.4.3 Industrial Equipment Advanced Tires Market, By Technology
                        16.4.3.1 TPMS
                        16.4.3.2 Self-Inflating
                        16.4.3.3 Chip-Embedded
                        16.4.3.4 Multi-Chamber
             16.4.4 Advanced Tires Material Market, By Vehicle Type
                        16.4.4.1 LDV
                        16.4.4.2 HDV
             16.4.5 Detailed Analysis and Profiling of Additional Market Players (Up to 3)
     16.5 Related Reports
     16.6 Author Details


List of Tables (102 Tables)

Table 1 Currency Exchange Rates (W.R.T. USD)
Table 2 Average Numbers of Tires
Table 3 Advanced Tires Market, By Vehicle Type, 2020–2030 ('000 Units)
Table 4 Advanced Tires Market, By Vehicle Type, 2020–2030 (USD Thousand)
Table 5 LDV Advanced Tires Market, By Region, 2020–2030 ('000 Units)
Table 6 LDV Advanced Tires Market, By Region, 2020–2030 (USD Thousand)
Table 7 HDV Advanced Tires Market, By Region, 2020–2030 ('000 Units)
Table 8 HDV Market, By Region, 2020–2030 (USD Thousand)
Table 9 Advanced Tires Market (On-Highway), By Technology, 2020–2030 ('000 Units)
Table 10 Advanced Tires Market (On-Highway), By Technology, 2020-2030 (USD Thousand)
Table 11 Chip-Embedded: Global Market, By Region, 2020–2030 ('000 Units)
Table 12 Chip-Embedded: Global Market, By Region, 2020–2030 (USD Thousand)
Table 13 Self-Inflating: Market, By Region, 2020–2030 ('000 Units)
Table 14 Self-Inflating: Market, By Region, 2020–2030 (USD Thousand)
Table 15 Multi-Chamber: Market, By Region, 2020–2030 ('000 Units)
Table 16 Multi-Chamber: Market, By Region, 2020–2030 (USD Thousand)
Table 17 All-In-One Tires: Market, By Region, 2025–2030 ('000 Units)
Table 18 All-In-One Tires: Market, By Region, 2025–2030 (USD Thousand)
Table 19 Advanced Tires Market (Off-Highway), By Vehicle Type, 2020–2030 ('000 Units)
Table 20 Advanced Tires Market (Off-Highway), By Vehicle Type, 2020–2030 (USD Thousand)
Table 21 Advanced Tires Market (Off-Highway), By Technology, 2020–2030 (‘000 Units)
Table 22 Advanced Tires Market (Off-Highway), By Technology, 2020–2030 (USD Thousand)
Table 23 Agricultural Tractor: Market By Region, 2022–2030 ('000 Units)
Table 24 Agricultural Tractor: Market By Region, 2022–2030 (USD Thousand)
Table 25 Agricultural Tractor: Market By Technology, 2022–2030 ('000 Units)
Table 26 Agricultural Tractor: Market By Technology, 2022–2030 (USD Thousand)
Table 27 Construction & Mining: Market By Region, 2020–2030 ('000 Units)
Table 28 Construction & Mining: Market By Region, 2020–2030 (USD Thousand)
Table 29 Construction & Mining: Market By Technology, 2020–2030 ('000 Units)
Table 30 Construction & Mining: Market By Technology, 2020–2030 (USD Thousand)
Table 31 Industrial Equipment: Advanced Tires Market, By Region, 2020–2030 ('000 Units)
Table 32 Industrial Equipment: Global Market By Region, 2020–2030 (USD Thousand)
Table 33 Industrial Equipment: Global Market By Technology, 2020–2030 ('000 Units)
Table 34 Industrial Equipment: Global Market By Technology, 2020–2030 (USD Thousand)
Table 35 3D Printed Tires: Global Market By Region, 2022–2030 ('000 Units)
Table 36 3D Printed Tires: Global Market By Region, 2022–2030 (USD Thousand)
Table 37 Autonomous Vehicle: Advanced Tires Market, By Region, 2023–2030 (Units)
Table 38 Autonomous Vehicle: Global Market By Region, 2023–2030 (USD Thousand)
Table 39 Advanced Tires Market By Material Type, 2020–2030 (Million Kg)
Table 40 Advanced Tires Market By Material Type, 2020–2030 (USD Million)
Table 41 Natural Rubber: Market By Region, 2020–2030 ('000 Kg)
Table 42 Natural Rubber: Market By Region, 2020–2030 (USD Thousand)
Table 43 Synthetic Rubber Market By Region, 2020–2030 ('000 Kg)
Table 44 Synthetic Rubber Market, By Region, 2020–2030 (USD Thousand)
Table 45 Steel: Market, By Region, 2020–2030 ('000 Kg)
Table 46 Steel: Market, By Region, 2020–2030 (USD Thousand)
Table 47 Elastomers: Market By Region, 2020–2030 ('000 Kg)
Table 48 Elastomers: Market By Region, 2020–2030 (USD Thousand)
Table 49 Others Materials: Market By Region, 2020–2030 ('000 Kg)
Table 50 Other Materials: Market By Region, 2020–2030 (USD Thousand)
Table 51 Advanced Tires Market By Type, 2020–2030 ('000 Units)
Table 52 Advanced Tires Market By Type, 2020–2030 (USD Thousand)
Table 53 Pneumatic Tires: Market By Region, 2020–2030 ('000 Units)
Table 54 Pneumatic Tires: Market By Region, 2020–2030 (USD Thousand)
Table 55 Run-Flat Tires: Market By Region, 2020–2030 (Thousand Units)
Table 56 Run-Flat Tires: Market By Region, 2020–2030 (USD Thousand)
Table 57 Airless Tires: Market By Region, 2025–2030 (Thousand Units)
Table 58 Airless Tires: Market By Region, 2025–2030 (USD Thousand)
Table 59 By Region, 2020–2030 ('000 Units)
Table 60 By Region, 2020–2030 (USD Million)
Table 61 Asia Oceania: By Country, 2020–2030 ('000 Units)
Table 62 Asia Oceania: Market, By Country, 2020–2030 (USD Million)
Table 63 China: Market, By Technology, 2020–2030 ('000 Units)
Table 64 China: Market By Technology, 2020–2030 (USD Thousand)
Table 65 India: Market By Technology, 2020–2030 ('000 Units)
Table 66 India: Market By Technology, 2020–2030 (USD Thousand)
Table 67 Japan: Market By Technology, 2020–2030 ('000 Units)
Table 68 Japan: Market By Technology, 2020–2030 (USD Thousand)
Table 69 South Korea: Market By Technology, 2020–2030 ('000 Units)
Table 70 South Korea: Market By Technology, 2020–2030 (USD Thousand)
Table 71 Rest of Asia Oceania: Market, By Technology, 2020–2030 ('000 Units)
Table 72 Rest of Asia Oceania: Market, By Technology, 2020–2030 (USD Thousand)
Table 73 Europe: Market By Country, 2020–2030 ('000 Units)
Table 74 Europe: Market By Country, 2020–2030 (USD Million)
Table 75 Germany: Market By Technology, 2020–2030 ('000 Units)
Table 76 Germany: Market By Technology, 2020–2030 (USD Thousand)
Table 77 France: Market By Technology, 2020–2030 ('000 Units)
Table 78 France: Market By Technology, 2020–2030 (USD Thousand)
Table 79 UK: Market By Technology, 2020–2030 ('000 Units)
Table 80 UK: Market By Technology, 2020–2030 (USD Thousand)
Table 81 Spain: Advanced Tires Market By Technology, 2020–2030 ('000 Units)
Table 82 Spain: Advanced Tires Market By Technology, 2020–2030 (USD Thousand)
Table 83 Italy: Advanced Tires Market By Technology, 2020–2030 ('000 Units)
Table 84 Italy: Advanced Tires Market By Technology, 2020–2030 (USD Thousand)
Table 85 Rest of Europe: Advanced Tires Market, By Technology, 2020–2030 ('000 Units)
Table 86 Rest of Europe: Advanced Tires Market, By Technology, 2020–2030 (USD Thousand)
Table 87 North America: Advanced Tires Market, By Country, 2020–2030 ('000 Units)
Table 88 North America: Advanced Tires Market, By Country, 2020–2030 (USD Million)
Table 89 US: Advanced Tires Market, By Technology, 2020–2030 ('000 Units)
Table 90 US: Market, By Technology, 2020–2030 (USD Thousand)
Table 91 Canada: Market for Advances Tires By Technology, 2020–2030 ('000 Units)
Table 92 Canada: Market for Advances Tires By Technology, 2020–2030 (USD Thousand)
Table 93 Mexico: Market for Advances Tires By Technology, 2020–2030 ('000 Units)
Table 94 Mexico: Market for Advances Tires By Technology, 2020–2030 (USD Thousand)
Table 95 RoW: Market for Advances Tire By Country, 2020–2030 ('000 Units)
Table 96 RoW: Market for Advances Tire By Country, 2020–2030 (USD Thousand)
Table 97 Brazil: Market for Advances Tire By Technology, 2020–2030 ('000 Units)
Table 98 Brazil: Market for Advances Tire By Technology, 2020–2030 (USD Thousand)
Table 99 Argentina: Market for Advances Tire By Technology, 2020–2030 ('000 Units)
Table 100 Argentina: Market for Advances Tire By Technology, 2020–2030 (USD Thousand)
Table 101 New Product Developments, 2014–2018
Table 102 Partnerships & Agreements, 2017


List of Figures (48 Figures)

Figure 1 Advanced Tires: Market Segmentation
Figure 2 Automotive Advanced Tires Market: Research Design
Figure 3 Research Design Model
Figure 4 Breakdown of Primary Interviews
Figure 5 Bottom-Up Approach: On-Highway Vehicles
Figure 6 Bottom-Up Approach: Off-Highway Vehicles
Figure 7 Advanced Tires Market: Top-Down Approach for Raw Materials
Figure 8 Advanced Tires Market: Top-Down Approach for 3D Printed Tires
Figure 9 Advanced Tires Market: Top-Down Approach for Tire Type
Figure 10 Data Triangulation
Figure 11 Advanced Tires: Market Outlook
Figure 12 Advanced Tires Market, By Vehicle Type, 2025 vs 2030 (USD Million)
Figure 13 Growing Focus on Convenience and Driver Assistance With Decreased Carbon Footprint to Drive the Advanced Tires Market, 2020–2030
Figure 14 North America to Hold the Largest Share of the On-Highway Vehicle Advanced Tires Market During the Forecast Period, By Value
Figure 15 Light-Duty Vehicle Segment is Estimated to Be the Largest & Fastest Advanced Tires Market By 2030, By Value
Figure 16 Chip Embedded Market to Be the Largest On-Highway Vehicle Advanced Tires Market By 2030, By Value
Figure 17 Industrial Equipment to Be the Largest and Agricultural Tractors to Be the Fastest Growing Advanced Tires Market, 2025–2030, By Value
Figure 18 TPMS to Be the Largest Market for OHV Advanced Tires Market By 2030, By Value
Figure 19 Elastomers to Be the Largest and Fastest Growing Market in On-Highway Advanced Tires Market, 2025–2030, By Value
Figure 20 Pneumatic Tires to Be the Largest Market in On-Highway Vehicle Advanced Tires Market, 2025–2030, By Value
Figure 21 Global Market Dynamics
Figure 22 Global Market By Vehicle Type, 2025 vs 2030 (USD Million)
Figure 23 On-Highway Advanced Tires Market, By Technology, 2025 vs 2030 (USD Million)
Figure 24 Off-Highway Advanced Tires Market, By Type, 2025 vs 2030 (USD Million)
Figure 25 Global Market By Material Type, 2025 vs 2030 (USD Million)
Figure 26 Global Market Market, By Type, 2025 vs 2030 (USD Million)
Figure 27 Global Market, By Region (2020-2030)
Figure 28 Asia Oceania Market for Advanced Tires, By Country, 2025 vs 2030 (USD Million)
Figure 29 Europe: Snapshot
Figure 30 North America: Snapshot
Figure 31 RoW: Advanced Tires Market 2025 vs 2030, (USD Thousand)
Figure 32 Companies Adopted New Product Developments as the Key Growth Strategy, 2014–2018
Figure 33 Continental: Company Snapshot
Figure 34 Continental: SWOT Analysis
Figure 35 Bridgestone: Company Snapshot
Figure 36 Bridgestone: SWOT Analysis
Figure 37 Michelin: Company Snapshot
Figure 38 Michelin: SWOT Analysis
Figure 39 Goodyear: Company Snapshot
Figure 40 Goodyear: SWOT Analysis
Figure 41 Pirelli: Company Snapshot
Figure 42 Pirelli: SWOT Analysis
Figure 43 Sumitomo: Company Snapshot
Figure 44 Yokohama: Company Snapshot
Figure 45 Hankook Tire: Company Snapshot
Figure 46 Nokian: Company Snapshot
Figure 47 Ceat: Company Snapshot
Figure 48 Toyo Tires & Rubber Co. Ltd.: Company Snapshot

The advanced tires market is projected to grow at a CAGR of 17.98% during the forecast period, to reach USD 1,148.3 million by 2030 from an estimated USD 219.7 million in 2020. Increased focus toward reduction in carbon footprints by the tire manufacturing industry, high demand for green and organic raw materials for tires, and the rising need for safety and convenience are the key factors driving the growth of the global market.

The pneumatic tires segment is projected to hold the largest market share from 2020 to 2030. Pneumatic tires are estimated to have a high installation rate in passenger cars as they deliver a better performance in terms of grip and movement of the vehicle. Additionally, pneumatic tires are easy to mass produce for all tire manufacturing companies with existing production capacity. Moreover, the high durability of pneumatic tires coupled with high load carrying capacity fuels the demand for advanced pneumatic tires.

The LDV market is estimated to account for the largest market share. Increased production of premium vehicles in the regions such as North America, Europe, and some countries from Asia Oceania along with an increased demand for connected technologies has resulted in the growing demand for advanced tires. Additionally, the high-end SUVs are also driving the demand for the advanced market as premium cars, and high-end SUVs are estimated to be the early adopters of advanced tires.

The self-inflating technology is estimated to show the fastest growth for on-highway vehicles during the forecast period. Increased production of commercial vehicle and demand for better tire performance in commercial vehicles are estimated to fuel the demand for self-inflating tires. The growing number of fleet management technologies in the developed regions such as North America and Europe are expected to drive the demand for self-inflating tires further as they enable the vehicle to maintain tire pressure within a range which increases the tire durability. Additionally, safety and convenience needs in passenger cars will propel the self-inflating tires market providing a high growth opportunity for tire companies.

The elastomers are estimated to lead the advanced tires market by material. Need for lightweight and durable raw materials will fuel the demand for elastomers. Also, the price fluctuations and a decrease in the production of natural rubber are estimated to hamper the tire manufacturing companies. This has led to the demand for elastomers.

The market in Europe is expected to grow at the highest CAGR for advanced tires, in terms of value, during the forecast period. Countries such as Germany, the UK, and France are the key markets for advanced tires. As per the German Trade & Invest (GTAI), Germany and the UK account for the 35% of total premium cars production worldwide. Furthermore, the adoption rate of connected technologies in automotive is high which is boosting the demand for advanced tires in Europe.

Advanced Tires Market

The high capital costs of developing advances tires and mass production of advanced tires are the key restraints for the growth of the advanced tires market. Also, the acceptance of the customers towards the advanced tires may act as a problem due to the pricing and functional change in tires. Moreover, the real-life implementation of tires such as all-in-one, multi-chamber and Airless tires is estimated to hinder the growth of the market.

Some of the key cargo handling equipment manufacturers and suppliers include the advanced tires market is dominated by a few globally established players such as Continental (Germany), Bridgestone (Japan), Michelin (France), Goodyear(US), Pirelli (Italy), Sumitomo (Japan), Yokohama (Japan), Hankook Tire (South Korea), Nokian (Finland),CEAT (India) and Toyo Tire (Japan).

Major player such as Goodyear and Michelin are adopting strategies such as new product development to gain traction in growing segment of automated and 3D printed tires segments. Goodyear and Michelin have already launched advanced tires concept and to mass produce launched products these players have enough production capacity and long clientele of leading OEMs. These factors will play major role in gaining traction in advanced tires market.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Please visit https://www.marketsandmarkets.com/knowledge-process-outsourcing-services.asp to specify your custom Research Requirement


-
Request for FREE Sample of this report Send Request