Advanced Tires Market

Advanced Tires Industry - Forthcoming Trends to Fuel the Global Growth

The advanced tires market size is projected to reach USD 3.2 billion by 2030 from an estimated USD 1.3 billion in 2023, at a CAGR of 14.4% from 2023 to 2030. The base year for the report is 2022, and the forecast period is from 2023 to 2030. The key factors contributing to the growth of the advanced tires market include rising demand for safety and convenience features in the LDV segment, growing awareness about the benefits of advanced tires amongst the end-users, technological advancement in the tire industry, government stringent standards and regulations for tires about vehicle & passenger safety are some of the driving factors for the market.

The advanced tires industry is undergoing rapid evolution, driven by emerging trends and global forecasts.

Emerging trends in the global Advanced Tires Market are:

  • Electric Vehicles (EVs) Driving Demand
  • Smart Tire Integration
  • Sustainability Focus
  • Innovative Tire Designs
  • Revolution in Manufacturing with 3D Printing
  • Safety and Convenience with Run-Flat Tires
  • Focus on Comfort and Noise Reduction
  • Predictive Maintenance with Data Analytics

These emerging trends reflect the dynamic nature of the advanced tires market as manufacturers and technology providers innovate to meet the evolving needs of consumers, vehicle manufacturers, and regulatory requirements.

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

Rise of Electric Vehicles (EVs):

  • The increasing adoption of electric vehicles is driving demand for advanced tires designed to meet the unique performance requirements of EVs, including lower rolling resistance for improved range and enhanced durability to handle the weight of batteries.

Smart Tire Technology:

  • Integration of sensors and connectivity features into tires is gaining traction, enabling real-time monitoring of tire pressure, temperature, and tread wear. Smart tire technology enhances safety, fuel efficiency, and vehicle performance while providing predictive maintenance insights.

Focus on Sustainability:

  • Growing environmental concerns are fueling demand for sustainable tire materials and manufacturing processes. Advanced tires made from eco-friendly materials such as natural rubber alternatives, recycled materials, and biodegradable compounds are becoming increasingly popular.

Innovations in Tire Design:

  • Continuous innovations in tire design, including tread patterns, compounds, and construction techniques, are enhancing performance attributes such as traction, handling, and fuel efficiency. Advanced tire designs are optimized for specific driving conditions, including wet, dry, and winter weather.

3D Printing Technology:

  • The adoption of 3D printing technology in tire manufacturing is enabling the production of customized and on-demand tires tailored to individual vehicle models and driving preferences. 3D-printed tires offer improved performance, durability, and sustainability compared to traditional manufacturing methods.

Run-Flat and Self-Sealing Tires:

  • Run-flat and self-sealing tire technologies are gaining popularity, providing drivers with added safety and convenience by allowing vehicles to continue driving after a puncture or flat tire without the need for immediate replacement or repair.

Noise Reduction and Comfort:

  • Advanced tire manufacturers are focusing on reducing road noise and enhancing ride comfort through innovations in tread patterns, tire compounds, and construction materials. Quiet and comfortable tires are becoming increasingly sought after for a smoother driving experience.

Data Analytics and Predictive Maintenance:

  • The integration of data analytics and predictive maintenance algorithms into tire management systems is enabling fleet operators and vehicle manufacturers to optimize tire performance, extend tire lifespan, and minimize downtime through proactive maintenance scheduling and monitoring.

Related Reports:

Advanced Tires Market by Type (Pneumatic, Run-Flat, Airless), Technology (Self-Inflating, Chip-Embedded, Multi-chamber, All-in-one, Self-Sealing), Vehicle (ICE, Electric, Hybrid, Off-highway), Niche Technology, Material & Region - Global Forecast to 2030

Advanced Tires Market Size,  Share & Growth Report
Report Code
AT 6634
RI Published ON
Choose License Type

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
©2024 MarketsandMarkets Research Private Ltd. All rights reserved Protection Status