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Advanced Tires Market by Material Type (Natural Rubber, Synthetic Rubber, Steel, Elastomers, and Others), Type (Pneumatic Tires, Run Flat Tires, Airless Tires, and Others), Technology (Chip Embedded Tires, Self-Inflating Tires, Multi Chamber Tires, All In One Tires, and Others), and Vehicle Type (Light Duty Vehicles, Heavy Duty Vehicle, Agricultural Tractors, Construction & Mining Equipment, and Industrial Equipment): Global Opportunity Analysis and Industry Forecast, 2020–2030

AU_195587
Pages: 350
Dec 2019 | 285 Views
 
Author(s) : Lalit Katare & Anvay Sonpimple , Supradip Baul
Tables: 132
Charts: 86
 

Advanced Tires Market Outlook - 2030

The global advanced tires market size is expected to be valued at $248.7 million in 2020 and is projected to reach $1,349.7 million by 2030, registering a CAGR of 18.4% from 2020 to 2030. Asia-Pacific will account for the highest share in 2020 and is expected to be the highest contributor to the global market, in terms of revenue, during the advanced tires market forecast. 

Advanced tires are made up of various combinations of different types of materials. Generally advanced tires are airless and has no chance of being punctured. Its surface contact area is less as compared to other tires, which in turn increases the fuel efficiency of the vehicle. The grip of advanced tires is not lost when the vehicle is travelling at a higher speed and are less dangerous in watery roads. In addition, advanced tire is the new technology that enhanced the functioning and performance of the tires by sensing the conditions of roads.

Advanced Tires Market

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Factors such as increase in automobile production and stringent regulations toward vehicular emission are anticipated to propel the growth of the advanced tires market. However, fluctuating price of raw material required for the production of advanced tires is expected to hinder the market growth. Further, rise in concern for fuel efficiency and safety of automobile offers a remarkable growth opportunity for the players operating in the market.

The global advanced tires market is segmented on the basis of material type, type, technology, vehicle type, and region. By material type, the market is divided into natural rubber, synthetic rubber, steel, elastomers, and others. By type, it is classified into pneumatic tires, run flat tires, airless tires, and others. By technology, it is categorized as chip embedded tires, self-inflating tires, multi chamber tires, all in one tire, and others. By vehicle type, it is divided into light duty vehicles, heavy duty vehicle, agricultural tractors, construction & mining equipment, and industrial equipment. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Advanced Tires Market
By Material Type

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Synthetic Rubber is projected as the most lucrative segments

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Key players including Bridgestone Corporation, Continental AG, Michelin, Pirelli & C. S.p.A, The Goodyear Tire & Rubber Company, THE YOKOHAMA RUBBER CO., LTD, Nokian Tyres plc, Hankook Tire & Technology Co., Ltd., Sumitomo Corporation, Toyo Tire Corporation, and others hold a major advanced tires market share.

Advanced Tires Market
By Type

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Run flat tires is projected as the most lucrative segments

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Increase in automobile production

The automotive industry has observed a robust growth in the last decade, mostly in countries such as China, the U.S., Japan, India, Germany, and the UK. The global automotive industry, in its early stage, was only concentrated in developed countries such as Japan, the U.S., and Germany. As the automobile industry becomes standardized, manufacturing facilities will move their focus toward developing countries such as China, Thailand, and India. Recently, the automobile industry has been growing at a rapid pace owing to speedy industrialization, which has led to an increase in the sale of commercial vehicles such as trucks, tractors, and trailers. Developing nations have witnessed rise in demand and production of automobile. For instance, India became the fourth largest automobile industry in the world with increase in sales of 9.5% year-on-year to 4.2 million units. This rise in automobile production in developing nations has led to increased production of automotive catalysts for emission control devices in automobile exhaust systems. Thus, upsurge in automobile production is anticipated to boost the growth of the global advanced tires market.

Advanced Tires Market
By Technology

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Chip Embedded Tires is projected as the most lucrative segments

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Stringent regulations towards vehicular emission

The U.S., Germany, France, and China have implemented government laws and regulations for vehicular emission & fuel economy and have mandated automobile manufacturers to use advanced technologies to combat high emission levels in vehicles. The exhaust gases from automobiles contain nitrogen monoxide, carbon monoxide, lead, CO2, and hydrocarbons, which can cause diseases such as asthma and respiratory allergies. As of 2013, automobiles contributed to more than half of the carbon monoxide and nitrogen oxides, with 25% of hydrocarbons emitted into the air. According to the International Air Agency, about 6.5 million deaths are recognized annually, due to the quality of air. The California Air Resources Board (CARB) launched the California Vehicle Emissions Program, which includes guidelines for manufacturers to produce and deliver zero-emission vehicles (ZEVs). Numerous countries have launched fuel economy norms for automobiles; for instance, the Indian Government has mandated that the mileage of cars on Indian roads will improve by 10% by 2021. Tubeless tires are one of the advanced tires in the automotive industry, which reduce vehicular emissions and enhance the fuel economy of vehicles. All these factors collectively drive the growth of the advanced tires market. 

Advanced Tires Market
By Vehicle Type

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Light Duty Vehicles is projected as the most lucrative segments

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Fluctuating price of raw material

Fluctuating raw material prices owing to higher input costs due to low supply of natural rubber and oil prices restrain the growth of the global pneumatic tire market. In addition, almost all raw materials are crude derivatives therefore linked to crude oil prices. Further, raw material used to produce advanced tires accounts for almost 75% of the production cost with synthetic and natural rubber being the key raw materials. There is an increase in the crude oil prices in the recent years worldwide. Therefore, prices of synthetic rubber and other crude derivatives used in the production of tires are expected to increase in the coming years. This in turn is expected to decrease the growth of the global advanced tires market.

Advanced Tires Market
By Region

2030
Asia-Pacific 
North America
Europe
LAMEA

Asia-Pacific would exhibit the highest CAGR of 19.7% during 2020-2030.

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Rise in concern for fuel efficiency and safety

Fuel efficiency and safety concerns are the key benefits offered by pneumatic tires. To increase safety concerns, governments are coming up with stringent tire performance regulation including fuel saving and wet grip-related braking distance reduction. Thus, creating ample growth opportunities for tire manufacturing companies to launch tires that can address the government regulations. Therefore, with increase in technological advancements, vendors are coming up with highly efficient tires that increase the overall fuel efficiency of vehicles. For instance, Trelleborg, an engineering group based on polymer technology launched its new line of pneumatic tires with features such as grip and durability for the North America Market. Thus, rise in concern for fuel efficiency and safety is anticipated to hold a remarkable growth opportunity for the players operating in the advanced tires market. 

Key Benefits for Advanced Tires Market:

  • This study presents the analytical depiction of the global advanced tires market analysis along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall market opportunity is determined by understanding the profitable trends to gain a stronger foothold.
  • The report presents information related to the key drivers, restraints, and opportunities of the global advanced tires industry with a detailed impact analysis.
  • The current market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers in the industry.

Advanced Tires Market Segments:

By Material Type

  • Natural Rubber
  • Synthetic Rubber
  • Steel
  • Elastomers
  • Others

By Type

  • Pneumatic Tires
  • Run Flat Tires
  • Airless Tires
  • Others

By Technology

  • Chip Embedded Tires
  • Self-Inflating Tires
  • Multi Chamber Tires
  • All in One Tires
  • Others

By Vehicle Type

  • Light Duty Vehicles
  • Heavy Duty Vehicle
  • Agricultural Tractors
  • Construction and Mining Equipment
  • Industrial Equipment

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Market Players

  • Bridgestone Corporation
  • Continental AG
  • Michelin, Pirelli & C. S.p.A
  • Pirelli & C. S.p.A
  • The Goodyear Tire & Rubber Company
  • THE YOKOHAMA RUBBER CO., LTD.
  • Nokian Tyres plc
  • Hankook Tire & Technology Co.,Ltd
  • Sumitomo Corporation
  • Toyo Tire Corporation
 

CHAPTER 1:  INTRODUCTION

1.1.  Report description
1.2.  Key benefits for stakeholders
1.3.  Key market segments
1.4.  Research methodology

1.4.1.  Primary research
1.4.2.  Secondary research
1.4.3.  Analyst tools and models

CHAPTER 2:  EXECUTIVE SUMMARY

2.1.  CXO perspective

CHAPTER 3:  MARKET OVERVIEW

3.1.  Market definition and scope
3.2.  Key findings

3.2.1.  Top impacting factors
3.2.2.  Top investment pockets
3.2.3.  Top winning strategies

3.3.  Porter’s five forces analysis
3.4.  Market share analysis (2017)
3.5.  Market dynamics

3.5.1.  Drivers

3.5.1.1.  Increase in automobile production
3.5.1.2.  Stringent regulations towards vehicular emission

3.5.2.  Restraint

3.5.2.1.  Fluctuating price of raw material

3.5.3.  Opportunities

3.5.3.1.  Rising concern for fuel efficiency and safety

CHAPTER 4:  ADVANCED TIRES MARKET, BY MATERIAL TYPE

4.1.  Overview
4.2.  Natural rubber

4.2.1.  Key market trends, growth factors and opportunities
4.2.2.  Market size and forecast, by region
4.2.3.  Market analysis by country

4.3.  Synthetic rubber

4.3.1.  Key market trends, growth factors, and opportunities
4.3.2.  Market size and forecast, by region
4.3.3.  Market analysis by country

4.4.  Steel

4.4.1.  Key market trends, growth factors, and opportunities
4.4.2.  Market size and forecast, by region
4.4.3.  Market analysis by country

4.5.  Elastomers

4.5.1.  Key market trends, growth factors, and opportunities
4.5.2.  Market size and forecast, by region
4.5.3.  Market analysis by country

4.6.  Others

4.6.1.  Key market trends, growth factors, and opportunities
4.6.2.  Market size and forecast, by region
4.6.3.  Market analysis by country

CHAPTER 5:  ADVANCED TIRES MARKET, BY TYPE

5.1.  Overview
5.2.  Pneumatic Tires

5.2.1.  Key market trends, growth factors and opportunities
5.2.2.  Market size and forecast, by region
5.2.3.  Market analysis by country

5.3.  Run Flat Tires

5.3.1.  Key market trends, growth factors, and opportunities
5.3.2.  Market size and forecast, by region
5.3.3.  Market analysis by country

5.4.  Airless Tires

5.4.1.  Key market trends, growth factors, and opportunities
5.4.2.  Market size and forecast, by region
5.4.3.  Market analysis by country

5.5.  Others

5.5.1.  Key market trends, growth factors, and opportunities
5.5.2.  Market size and forecast, by region
5.5.3.  Market analysis by country

CHAPTER 6:  ADVANCED TIRES MARKET, BY TECHNOLOGY

6.1.  Overview
6.2.  Chip Embedded Tires

6.2.1.  Key market trends, growth factors and opportunities
6.2.2.  Market size and forecast, by region
6.2.3.  Market analysis by country

6.3.  Self Inflating Tires

6.3.1.  Key market trends, growth factors, and opportunities
6.3.2.  Market size and forecast, by region
6.3.3.  Market analysis by country

6.4.  Multi Chamber Tires

6.4.1.  Key market trends, growth factors, and opportunities
6.4.2.  Market size and forecast, by region
6.4.3.  Market analysis by country

6.5.  All in One Tires

6.5.1.  Key market trends, growth factors, and opportunities
6.5.2.  Market size and forecast, by region
6.5.3.  Market analysis by country

6.6.  Others

6.6.1.  Key market trends, growth factors, and opportunities
6.6.2.  Market size and forecast, by region
6.6.3.  Market analysis by country

CHAPTER 7:  ADVANCED TIRES MARKET, BY VEHICLE TYPE

7.1.  Overview
7.2.  Light duty vehicles

7.2.1.  Key market trends, growth factors and opportunities
7.2.2.  Market size and forecast, by region
7.2.3.  Market analysis by country

7.3.  Heavy Duty Vehicles

7.3.1.  Key market trends, growth factors and opportunities
7.3.2.  Market size and forecast, by region
7.3.3.  Market analysis by country

7.4.  Agricultural Tractors

7.4.1.  Key market trends, growth factors and opportunities
7.4.2.  Market size and forecast, by region
7.4.3.  Market analysis by country

7.5.  Construction and Mining Equipment

7.5.1.  Key market trends, growth factors and opportunities
7.5.2.  Market size and forecast, by region
7.5.3.  Market analysis by country

7.6.  Industrial Equipment

7.6.1.  Key market trends, growth factors and opportunities
7.6.2.  Market size and forecast, by region
7.6.3.  Market analysis by country

CHAPTER 8:  ADVANCED TIRES MARKET, BY REGION

8.1.  Overview
8.2.  North America

8.2.1.  Key market trends, growth factors, and opportunities
8.2.2.  Market size and forecast, by material type
8.2.3.  Market size and forecast, by type
8.2.4.  Market size and forecast, by technology
8.2.5.  Market size and forecast, by vehicle type
8.2.6.  Market analysis by country

8.2.6.1.  U.S.

8.2.6.1.1.  Market size and forecast, by material type
8.2.6.1.2.  Market size and forecast, by type
8.2.6.1.3.  Market size and forecast, by technology
8.2.6.1.4.  Market size and forecast, by vehicle type

8.2.6.2.  Canada

8.2.6.2.1.  Market size and forecast, by
8.2.6.2.2.  Market size and forecast, by type
8.2.6.2.3.  Market size and forecast, by technology
8.2.6.2.4.  Market size and forecast, by vehicle type

8.2.6.3.  Mexico

8.2.6.3.1.  Market size and forecast, by material type
8.2.6.3.2.  Market size and forecast, by type
8.2.6.3.3.  Market size and forecast, by technology
8.2.6.3.4.  Market size and forecast, by vehicle type

8.3.  Europe

8.3.1.  Key market trends, growth factors, and opportunities
8.3.2.  Market size and forecast, by material type
8.3.3.  Market size and forecast, by type
8.3.4.  Market size and forecast, by technology
8.3.5.  Market size and forecast, by vehicle type
8.3.6.  Market analysis by country

8.3.6.1.  UK

8.3.6.1.1.  Market size and forecast, by material type
8.3.6.1.2.  Market size and forecast, by type
8.3.6.1.3.  Market size and forecast, by technology
8.3.6.1.4.  Market size and forecast, by vehicle type

8.3.6.2.  Germany

8.3.6.2.1.  Market size and forecast, by material type
8.3.6.2.2.  Market size and forecast, by type
8.3.6.2.3.  Market size and forecast, by technology
8.3.6.2.4.  Market size and forecast, by vehicle type

8.3.6.3.  Italy

8.3.6.3.1.  Market size and forecast, by material type
8.3.6.3.2.  Market size and forecast, by type
8.3.6.3.3.  Market size and forecast, by technology
8.3.6.3.4.  Market size and forecast, by vehicle type

8.3.6.4.  France

8.3.6.4.1.  Market size and forecast, by material type
8.3.6.4.2.  Market size and forecast, by type
8.3.6.4.3.  Market size and forecast, by technology
8.3.6.4.4.  Market size and forecast, by vehicle type

8.3.6.5.  Rest of Europe

8.3.6.5.1.  Market size and forecast, by material type
8.3.6.5.2.  Market size and forecast, by type
8.3.6.5.3.  Market size and forecast, by technology
8.3.6.5.4.  Market size and forecast, by vehicle type

8.4.  Asia-Pacific

8.4.1.  Key market trends, growth factors, and opportunities
8.4.2.  Market size and forecast, by material type
8.4.3.  Market size and forecast, by type
8.4.4.  Market size and forecast, by technology
8.4.5.  Market size and forecast, by vehicle type
8.4.6.  Market analysis by country

8.4.6.1.  China

8.4.6.1.1.  Market size and forecast, by material type
8.4.6.1.2.  Market size and forecast, by type
8.4.6.1.3.  Market size and forecast, by technology
8.4.6.1.4.  Market size and forecast, by vehicle type

8.4.6.2.  Japan

8.4.6.2.1.  Market size and forecast, by material type
8.4.6.2.2.  Market size and forecast, by type
8.4.6.2.3.  Market size and forecast, by technology
8.4.6.2.4.  Market size and forecast, by vehicle type

8.4.6.3.  India

8.4.6.3.1.  Market size and forecast, by material type
8.4.6.3.2.  Market size and forecast, by type
8.4.6.3.3.  Market size and forecast, by technology
8.4.6.3.4.  Market size and forecast, by vehicle type

8.4.6.4.  South Korea

8.4.6.4.1.  Market size and forecast, by material type
8.4.6.4.2.  Market size and forecast, by type
8.4.6.4.3.  Market size and forecast, by technology
8.4.6.4.4.  Market size and forecast, by vehicle type

8.4.6.5.  Rest of Asia-Pacific

8.4.6.5.1.  Market size and forecast, by material type
8.4.6.5.2.  Market size and forecast, by type
8.4.6.5.3.  Market size and forecast, by technology
8.4.6.5.4.  Market size and forecast, by vehicle type

8.5.  LAMEA

8.5.1.  Key market trends, growth factors, and opportunities
8.5.2.  Market size and forecast, by material type
8.5.3.  Market size and forecast, by type
8.5.4.  Market size and forecast, by technology
8.5.5.  Market size and forecast, by vehicle type
8.5.6.  Market analysis by country

8.5.6.1.  Latin America

8.5.6.1.1.  Market size and forecast, by material type
8.5.6.1.2.  Market size and forecast, by type
8.5.6.1.3.  Market size and forecast, by technology
8.5.6.1.4.  Market size and forecast, by vehicle type

8.5.6.2.  Middle East

8.5.6.2.1.  Market size and forecast, by material type
8.5.6.2.2.  Market size and forecast, by type
8.5.6.2.3.  Market size and forecast, by technology
8.5.6.2.4.  Market size and forecast, by vehicle type

8.5.6.3.  Africa

8.5.6.3.1.  Market size and forecast, by material type
8.5.6.3.2.  Market size and forecast, by type
8.5.6.3.3.  Market size and forecast, by technology
8.5.6.3.4.  Market size and forecast, by vehicle type

CHAPTER 9:  COMPANY PROFILES

9.1.  Bridgestone Corporation

9.1.1.  Company overview
9.1.2.  Company snapshot
9.1.3.  Operating business segments
9.1.4.  Product portfolio
9.1.5.  Business performance
9.1.6.  Key strategic moves and developments

9.2.  Continental AG

9.2.1.  Company overview
9.2.2.  Company snapshot
9.2.3.  Operating business segments
9.2.4.  Product portfolio
9.2.5.  Business performance
9.2.6.  Key strategic moves and developments

9.3.  Michelin

9.3.1.  Company overview
9.3.2.  Company snapshot
9.3.3.  Operating business segments
9.3.4.  Product portfolio
9.3.5.  Business performance
9.3.6.  Key strategic moves and developments

9.4.  Pirelli & C. S.p.A

9.4.1.  Company overview
9.4.2.  Company snapshot
9.4.3.  Business performance

9.5.  The Goodyear Tire & Rubber Company

9.5.1.  Company overview
9.5.2.  Company snapshot
9.5.3.  Operating business segments
9.5.4.  Business performance
9.5.5.  Key strategic moves and developments

9.6.  THE YOKOHAMA RUBBER CO., LTD.

9.6.1.  Company overview
9.6.2.  Company snapshot
9.6.3.  Operating business segments
9.6.4.  Product portfolio
9.6.5.  Business performance
9.6.6.  Key strategic moves and developments

9.7.  Nokian Tyres plc.

9.7.1.  Company overview
9.7.2.  Company snapshot
9.7.3.  Operating business segments
9.7.4.  Business performance
9.7.5.  Key strategic moves and developments

9.8.  Hankook Tire & Technology Co.,Ltd.

9.8.1.  Company overview
9.8.2.  Company snapshot
9.8.3.  Business performance

9.9.  Sumitomo Corporation

9.9.1.  Company overview
9.9.2.  Company snapshot
9.9.3.  Operating business segments
9.9.4.  Business performance
9.9.5.  Key strategic moves and developments

9.10.  Toyo Tire Corporation

9.10.1.  Company overview
9.10.2.  Company snapshot
9.10.3.  Operating business segments
9.10.4.  Business performance

LIST OF TABLES

TABLE 01.  GLOBAL ADVANCED TIRES MARKET, BY MATERIAL TYPE, 2017-2025($MILLION)
TABLE 02.  ADVANCED TIRES MARKET REVENUE FOR NATURAL RUBBER, BY REGION 2018-2026 ($MILLION)
TABLE 03.  ADVANCED TIRES MARKET REVENUE FOR SYNTHETIC RUBBER, BY REGION 2018-2026 ($MILLION)
TABLE 04.  ADVANCED TIRES MARKET REVENUE FOR STEEL, BY REGION 2020–2030 ($MILLION)
TABLE 05.  ADVANCED TIRES MARKET REVENUE FOR ELASTOMERS, BY REGION 2020–2030 ($MILLION)
TABLE 06.  ADVANCED TIRES MARKET REVENUE FOR OTHERS, BY REGION 2020–2030 ($MILLION)
TABLE 07.  GLOBAL ADVANCED TIRES MARKET, BY TYPE, 2017-2025($MILLION)
TABLE 08.  ADVANCED TIRES MARKET REVENUE FOR PNEUMATIC TIRES, BY REGION 2018-2026 ($MILLION)
TABLE 09.  ADVANCED TIRES MARKET REVENUE FOR RUN FLAT TIRES, BY REGION 2018-2026 ($MILLION)
TABLE 10.  ADVANCED TIRES MARKET REVENUE FOR AIRLESS TIRES, BY REGION 2020–2030 ($MILLION)
TABLE 11.  ADVANCED TIRES MARKET REVENUE FOR OTHERS, BY REGION 2020–2030 ($MILLION)
TABLE 12.  GLOBAL ADVANCED TIRES MARKET, BY TECHNOLOGY, 2017-2025($MILLION)
TABLE 13.  ADVANCED TIRES MARKET REVENUE FOR CHIP EMBEDDED TIRES, BY REGION 2018-2026 ($MILLION)
TABLE 14.  ADVANCED TIRES MARKET REVENUE FOR SELF INFLATING TIRES, BY REGION 2018-2026 ($MILLION)
TABLE 15.  ADVANCED TIRES MARKET REVENUE FOR MULTI CHAMBER TIRES, BY REGION 2020–2030 ($MILLION)
TABLE 16.  ADVANCED TIRES MARKET REVENUE FOR ALL IN ONE TIRES, BY REGION 2020–2030 ($MILLION)
TABLE 17.  ADVANCED TIRES MARKET REVENUE FOR OTHERS, BY REGION 2020–2030 ($MILLION)
TABLE 18.  GLOBAL ADVANCED TIRES MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 19.  ADVANCED TIRES MARKET REVENUE FOR LIGHT DUTY VEHICLES, BY REGION 2018-2026 ($MILLION)
TABLE 20.  ADVANCED TIRES MARKET REVENUE FOR HEAVY DUTY VEHICLES, BY REGION, 2020–2030 ($MILLION)
TABLE 21.  ADVANCED TIRES MARKET REVENUE FOR AGRICULTURAL TRACTORS, BY REGION, 2020–2030 ($MILLION)
TABLE 22.  ADVANCED TIRES MARKET REVENUE FOR CONSTRUCTION AND MINING EQUIPMENT, BY REGION 2020–2030 ($MILLION)
TABLE 23.  ADVANCED TIRES MARKET REVENUE FOR INDUSTRIAL EQUIPMENT, BY REGION 2020–2030 ($MILLION)
TABLE 24.  NORTH AMERICAN ADVANCED TIRES MARKET, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 25.  NORTH AMERICAN ADVANCED TIRES MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 26.  NORTH AMERICAN ADVANCED TIRES MARKET, BY TECHNOLOGY, 2020–2030 ($MILLION)
TABLE 27.  NORTH AMERICAN ADVANCED TIRES MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 28.  U. S. ADVANCED TIRES MARKET, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 29.  U. S. ADVANCED TIRES MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 30.  U. S. ADVANCED TIRES MARKET, BY TECHNOLOGY, 2020–2030 ($MILLION)
TABLE 31.  U.S. ADVANCED TIRES MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 32.  CANADA ADVANCED TIRES MARKET, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 33.  CANADA ADVANCED TIRES MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 34.  CANADA ADVANCED TIRES MARKET, BY TECHNOLOGY, 2020–2030 ($MILLION)
TABLE 35.  CANADA ADVANCED TIRES MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 36.  MEXICO ADVANCED TIRES MARKET, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 37.  MEXICO ADVANCED TIRES MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 38.  MEXICO ADVANCED TIRES MARKET, BY TECHNOLOGY, 2020–2030 ($MILLION)
TABLE 39.  MEXICO ADVANCED TIRES MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 40.  EUROPEAN ADVANCED TIRES MARKET, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 41.  EUROPEAN ADVANCED TIRES MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 42.  EUROPEAN ADVANCED TIRES MARKET, BY TECHNOLOGY, 2020–2030 ($MILLION)
TABLE 43.  EUROPEAN ADVANCED TIRES MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 44.  UK ADVANCED TIRES MARKET, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 45.  UK ADVANCED TIRES MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 46.  UK ADVANCED TIRES MARKET, BY TECHNOLOGY, 2020–2030 ($MILLION)
TABLE 47.  UK ADVANCED TIRES MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 48.  GERMANY ADVANCED TIRES MARKET, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 49.  GERMANY ADVANCED TIRES MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 50.  GERMANY ADVANCED TIRES MARKET, BY TECHNOLOGY, 2020–2030 ($MILLION)
TABLE 51.  GERMANY ADVANCED TIRES MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 52.  ITALY ADVANCED TIRES MARKET, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 53.  ITALY ADVANCED TIRES MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 54.  ITALY ADVANCED TIRES MARKET, BY TECHNOLOGY, 2020–2030 ($MILLION)
TABLE 55.  ITALY ADVANCED TIRES MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 56.  FRANCE ADVANCED TIRES MARKET, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 57.  FRANCE ADVANCED TIRES MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 58.  FRANCE ADVANCED TIRES MARKET, BY TECHNOLOGY, 2020–2030 ($MILLION)
TABLE 59.  FRANCE ADVANCED TIRES MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 60.  REST OF EUROPE ADVANCED TIRES MARKET, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 61.  REST OF EUROPE ADVANCED TIRES MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 62.  REST OF EUROPE ADVANCED TIRES MARKET, BY TECHNOLOGY, 2020–2030 ($MILLION)
TABLE 63.  REST OF EUROPE ADVANCED TIRES MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 64.  ASIA-PACIFIC ADVANCED TIRES MARKET, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 65.  ASIA-PACIFIC ADVANCED TIRES MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 66.  ASIA-PACIFIC ADVANCED TIRES MARKET, BY TECHNOLOGY, 2020–2030 ($MILLION)
TABLE 67.  ASIA-PACIFIC ADVANCED TIRES MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 68.  CHINA ADVANCED TIRES MARKET, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 69.  CHINA ADVANCED TIRES MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 70.  CHINA ADVANCED TIRES MARKET, BY TECHNOLOGY, 2020–2030 ($MILLION)
TABLE 71.  CHINA ADVANCED TIRES MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 72.  JAPAN ADVANCED TIRES MARKET, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 73.  JAPAN ADVANCED TIRES MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 74.  JAPAN ADVANCED TIRES MARKET, BY TECHNOLOGY, 2020–2030 ($MILLION)
TABLE 75.  JAPAN ADVANCED TIRES MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 76.  INDIA ADVANCED TIRES MARKET, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 77.  INDIA ADVANCED TIRES MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 78.  INDIA ADVANCED TIRES MARKET, BY TECHNOLOGY, 2020–2030 ($MILLION)
TABLE 79.  INDIA ADVANCED TIRES MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 80.  SOUTH KOREA ADVANCED TIRES MARKET, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 81.  SOUTH KOREA ADVANCED TIRES MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 82.  SOUTH KOREA ADVANCED TIRES MARKET, BY TECHNOLOGY, 2020–2030 ($MILLION)
TABLE 83.  SOUTH KOREA ADVANCED TIRES MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 84.  REST OF ASIA-PACIFIC ADVANCED TIRES MARKET, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 85.  REST OF ASIA-PACIFIC ADVANCED TIRES MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 86.  REST OF ASIA-PACIFIC ADVANCED TIRES MARKET, BY TECHNOLOGY, 2020–2030 ($MILLION)
TABLE 87.  REST OF ASIA-PACIFIC ADVANCED TIRES MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 88.  LAMEA ADVANCED TIRES MARKET, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 89.  LAMEA ADVANCED TIRES MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 90.  LAMEA ADVANCED TIRES MARKET, BY TECHNOLOGY, 2020–2030 ($MILLION)
TABLE 91.  LAMEA ADVANCED TIRES MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 92.  LATIN AMERICA ADVANCED TIRES MARKET, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 93.  LATIN AMERICA ADVANCED TIRES MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 94.  LATIN AMERICA ADVANCED TIRES MARKET, BY TECHNOLOGY, 2020–2030 ($MILLION)
TABLE 95.  LATIN AMERICA ADVANCED TIRES MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 96.  MIDDLE EAST ADVANCED TIRES MARKET, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 97.  MIDDLE EAST ADVANCED TIRES MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 98.  MIDDLE EAST ADVANCED TIRES MARKET, BY TECHNOLOGY, 2020–2030 ($MILLION)
TABLE 99.  MIDDLE EAST ADVANCED TIRES MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 100.  AFRICA ADVANCED TIRES MARKET, BY MATERIAL TYPE, 2020–2030 ($MILLION)
TABLE 101.  AFRICA ADVANCED TIRES MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 102.  AFRICA ADVANCED TIRES MARKET, BY TECHNOLOGY, 2020–2030 ($MILLION)
TABLE 103.  AFRICA ADVANCED TIRES MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 104.  BRIDGESTONE CORPORATION: COMPANY SNAPSHOT
TABLE 105.  BRIDGESTONE CORPORATION: OPERATING SEGMENTS
TABLE 106.  BRIDGESTONE CORPORATION: PRODUCT PORTFOLIO
TABLE 107.  BRIDGESTONE CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 108.  CONTINENTAL AG: COMPANY SNAPSHOT
TABLE 109.  CONTINENTAL AG: OPERATING SEGMENTS
TABLE 110.  CONTINENTAL AG: PRODUCT PORTFOLIO
TABLE 111.  CONTINENTAL AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 112.  MICHELIN: COMPANY SNAPSHOT
TABLE 113.  MICHELIN: OPERATING SEGMENTS
TABLE 114.  MICHELIN: PRODUCT PORTFOLIO
TABLE 115.  MICHELIN: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 116.  PIRELLI & C. S.P.A: COMPANY SNAPSHOT
TABLE 117.  THE GOODYEAR TIRE & RUBBER COMPANY: COMPANY SNAPSHOT
TABLE 118.  THE GOODYEAR TIRE & RUBBER COMPANY: OPERATING SEGMENTS
TABLE 119.  THE GOODYEAR TIRE & RUBBER COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 120.  THE YOKOHAMA RUBBER CO., LTD.: COMPANY SNAPSHOT
TABLE 121.  THE YOKOHAMA RUBBER CO., LTD.: OPERATING SEGMENTS
TABLE 122.  THE YOKOHAMA RUBBER CO., LTD.: PRODUCT PORTFOLIO
TABLE 123.  THE YOKOHAMA RUBBER CO., LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 124.  NOKIAN TYRES PLC.: COMPANY SNAPSHOT
TABLE 125.  NOKIAN TYRES PLC.: OPERATING SEGMENTS
TABLE 126.  NOKIAN TYRES PLC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 127.  HANKOOK TIRE & TECHNOLOGY CO.,LTD.: COMPANY SNAPSHOT
TABLE 128.  SUMITOMO CORPORATION: COMPANY SNAPSHOT
TABLE 129.  SUMITOMO CORPORATION: OPERATING SEGMENTS
TABLE 130.  SUMITOMO CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 131.  TOYO TIRE CORPORATION: COMPANY SNAPSHOT
TABLE 132.  TOYO TIRE CORPORATION: OPERATING SEGMENTS

LIST OF FIGURES

FIGURE 01.  KEY MARKET SEGMENTS
FIGURE 02.  EXECUTIVE SUMMARY
FIGURE 03.  EXECUTIVE SUMMARY
FIGURE 04.  TOP IMPACTING FACTORS
FIGURE 05.  TOP INVESTMENT POCKETS
FIGURE 06.  TOP WINNING STRATEGIES, BY YEAR, 2014–2018*
FIGURE 07.  TOP WINNING STRATEGIES, BY YEAR, 2014–2018*
FIGURE 08.  TOP WINNING STRATEGIES, BY COMPANY, 2014–2018*
FIGURE 09.  MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 10.  MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 11.  MODERATE THREAT OF SUBSTITUTES
FIGURE 12.  HIGH-TO-MODERATE INTENSITY OF RIVALRY
FIGURE 13.  HIGH-TO-MODERATE BARGAINING POWER OF BUYERS
FIGURE 14.  MARKET SHARE ANALYSIS (2017)
FIGURE 15.  GLOBAL ADVANCED TIRES MARKET SHARE, BY MATERIAL TYPE, 2020–2030 (%)
FIGURE 16.  COMPARATIVE SHARE ANALYSIS OF ADVANCED TIRES MARKET FOR NATURAL RUBBER, BY COUNTRY, 2017 & 2025 (%)
FIGURE 17.  COMPARATIVE SHARE ANALYSIS OF ADVANCED TIRES MARKET FOR SYNTHETIC RUBBER, BY COUNTRY, 2017 & 2025 (%)
FIGURE 18.  COMPARATIVE SHARE ANALYSIS OF ADVANCED TIRES MARKET FOR STEEL, BY COUNTRY, 2017 & 2025 (%)
FIGURE 19.  COMPARATIVE SHARE ANALYSIS OF ADVANCED TIRES MARKET FOR ELASTOMERS, BY COUNTRY, 2017 & 2025 (%)
FIGURE 20.  COMPARATIVE SHARE ANALYSIS OF ADVANCED TIRES MARKET FOR OTHERS, BY COUNTRY, 2017 & 2025 (%)
FIGURE 21.  GLOBAL ADVANCED TIRES MARKET SHARE, BY TYPE, 2020–2030 (%)
FIGURE 22.  COMPARATIVE SHARE ANALYSIS OF ADVANCED TIRES MARKET FOR PNEUMATIC TIRES, BY COUNTRY, 2017 & 2025 (%)
FIGURE 23.  COMPARATIVE SHARE ANALYSIS OF ADVANCED TIRES MARKET FOR RUN FLAT TIRES, BY COUNTRY, 2017 & 2025 (%)
FIGURE 24.  COMPARATIVE SHARE ANALYSIS OF ADVANCED TIRES MARKET FOR AIRLESS TIRES, BY COUNTRY, 2017 & 2025 (%)
FIGURE 25.  COMPARATIVE SHARE ANALYSIS OF ADVANCED TIRES MARKET FOR OTHERS, BY COUNTRY, 2017 & 2025 (%)
FIGURE 26.  GLOBAL ADVANCED TIRES MARKET SHARE, BY TECHNOLOGY, 2020–2030 (%)
FIGURE 27.  COMPARATIVE SHARE ANALYSIS OF ADVANCED TIRES MARKET FOR CHIP EMBEDDED TIRES, BY COUNTRY, 2017 & 2025 (%)
FIGURE 28.  COMPARATIVE SHARE ANALYSIS OF ADVANCED TIRES MARKET FOR SELF INFLATING TIRES, BY COUNTRY, 2017 & 2025 (%)
FIGURE 29.  COMPARATIVE SHARE ANALYSIS OF ADVANCED TIRES MARKET FOR MULTI CHAMBER TIRES, BY COUNTRY, 2017 & 2025 (%)
FIGURE 30.  COMPARATIVE SHARE ANALYSIS OF ADVANCED TIRES MARKET FOR ALL IN ONE TIRES, BY COUNTRY, 2017 & 2025 (%)
FIGURE 31.  COMPARATIVE SHARE ANALYSIS OF ADVANCED TIRES MARKET FOR OTHERS, BY COUNTRY, 2017 & 2025 (%)
FIGURE 32.  GLOBAL ADVANCED TIRES MARKET SHARE, BY VEHICLE TYPE, 2020–2030 (%)
FIGURE 33.  COMPARATIVE SHARE ANALYSIS OF ADVANCED TIRES MARKET FOR LIGHT DUTY VEHICLES, BY COUNTRY, 2017 & 2025 (%)
FIGURE 34.  COMPARATIVE SHARE ANALYSIS OF ADVANCED TIRES MARKET FOR HEAVY DUTY VEHICLES, BY COUNTRY, 2017 & 2025 (%)
FIGURE 35.  COMPARATIVE SHARE ANALYSIS OF ADVANCED TIRES MARKET FOR AGRICULTURAL TRACTORS, BY COUNTRY, 2017 & 2025 (%)
FIGURE 36.  COMPARATIVE SHARE ANALYSIS OF ADVANCED TIRES MARKET FOR CONSTRUCTION AND MINING EQUIPMENT, BY COUNTRY, 2017 & 2025 (%)
FIGURE 37.  COMPARATIVE SHARE ANALYSIS OF ADVANCED TIRES MARKET FOR INDUSTRIAL EQUIPMENT, BY COUNTRY, 2017 & 2025 (%)
FIGURE 38.  ADVANCED TIRES MARKET, BY REGION, 2017-2025 (%)
FIGURE 39.  COMPARATIVE SHARE ANALYSIS OF ADVANCED TIRES MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 40.  U. S. ADVANCED TIRES MARKET, 2020–2030 ($MILLION)
FIGURE 41.  CANADA ADVANCED TIRES MARKET, 2020–2030 ($MILLION)
FIGURE 42.  MEXICO ADVANCED TIRES MARKET, 2020–2030 ($MILLION)
FIGURE 43.  COMPARATIVE SHARE ANALYSIS OF ADVANCED TIRES MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 44.  UK ADVANCED TIRES MARKET, 2020–2030 ($MILLION)
FIGURE 45.  GERMANY ADVANCED TIRES MARKET, 2020–2030 ($MILLION)
FIGURE 46.  ITALY ADVANCED TIRES MARKET, 2020–2030 ($MILLION)
FIGURE 47.  FRANCE ADVANCED TIRES MARKET, 2020–2030 ($MILLION)
FIGURE 48.  REST OF EUROPE ADVANCED TIRES MARKET, 2020–2030 ($MILLION)
FIGURE 49.  COMPARATIVE SHARE ANALYSIS OF ADVANCED TIRES MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 50.  CHINA ADVANCED TIRES MARKET, 2020–2030 ($MILLION)
FIGURE 51.  JAPAN ADVANCED TIRES MARKET, 2020–2030 ($MILLION)
FIGURE 52.  INDIA ADVANCED TIRES MARKET, 2020–2030 ($MILLION)
FIGURE 53.  SOUTH KOREA ADVANCED TIRES MARKET, 2020–2030 ($MILLION)
FIGURE 54.  REST OF ASIA-PACIFIC ADVANCED TIRES MARKET, 2020–2030 ($MILLION)
FIGURE 55.  COMPARATIVE SHARE ANALYSIS OF ADVANCED TIRES MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 56.  LATIN AMERICA ADVANCED TIRES MARKET, 2020–2030 ($MILLION)
FIGURE 57.  MIDDLE EAST ADVANCED TIRES MARKET, 2020–2030 ($MILLION)
FIGURE 58.  AFRICA ADVANCED TIRES MARKET, 2020–2030 ($MILLION)
FIGURE 59.  BRIDGESTONE CORPORATION: REVENUE, 2016–2018 ($MILLION)
FIGURE 60.  BRIDGESTONE CORPORATION: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 61.  BRIDGESTONE CORPORATION: REVENUE SHARE BY GEOGRAPHY, 2018 (%)
FIGURE 62.  CONTINENTAL AG: REVENUE, 2016–2018 ($MILLION)
FIGURE 63.  CONTINENTAL AG: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 64.  CONTINENTAL AG: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 65.  MICHELIN: REVENUE, 2016–2018 ($MILLION)
FIGURE 66.  MICHELIN: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 67.  MICHELIN: REVENUE SHARE BY GEOGRAPHY, 2018 (%)
FIGURE 68.  PIRELLI & C. S.P.A: REVENUE, 2016–2018 ($MILLION)
FIGURE 69.  PIRELLI & C. S.P.A: REVENUE SHARE BY GEOGRAPHY, 2018 (%)
FIGURE 70.  THE GOODYEAR TIRE & RUBBER COMPANY: REVENUE, 2016–2018 ($MILLION)
FIGURE 71.  THE GOODYEAR TIRE & RUBBER COMPANY: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 72.  THE GOODYEAR TIRE & RUBBER COMPANY: REVENUE SHARE BY GEOGRAPHY, 2018 (%)
FIGURE 73.  THE YOKOHAMA RUBBER CO., LTD.: REVENUE, 2016–2018 ($MILLION)
FIGURE 74.  THE YOKOHAMA RUBBER CO., LTD.: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 75.  THE YOKOHAMA RUBBER CO., LTD.: REVENUE SHARE BY GEOGRAPHY, 2018 (%)
FIGURE 76.  NOKIAN TYRES PLC.: REVENUE, 2016–2018 ($MILLION)
FIGURE 77.  NOKIAN TYRES PLC.: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 78.  NOKIAN TYRES PLC.: REVENUE SHARE BY GEOGRAPHY, 2018 (%)
FIGURE 79.  HANKOOK TIRE & TECHNOLOGY CO.,LTD.: REVENUE, 2016–2018 ($MILLION)
FIGURE 80.  HANKOOK TIRE & TECHNOLOGY CO.,LTD.: REVENUE SHARE BY GEOGRAPHY, 2018 (%)
FIGURE 81.  SUMITOMO CORPORATION: REVENUE, 2016–2018 ($MILLION)
FIGURE 82.  SUMITOMO CORPORATION: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 83.  SUMITOMO CORPORATION: REVENUE SHARE BY GEOGRAPHY, 2018 (%)
FIGURE 84.  TOYO TIRE CORPORATION: REVENUE, 2016–2018 ($MILLION)
FIGURE 85.  TOYO TIRE CORPORATION: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 86.  TOYO TIRE CORPORATION: REVENUE SHARE BY GEOGRAPHY, 2018 (%)

 
 

 The increase in autonomous driving and connected vehicles has propelled the evolution of technologies which are installed in all types of automobiles. However, nowadays tires are under inevitable evolution with sensors embedded in them that provides users with data more than what today’s tire pressure monitoring system (TPMS) offers. These sensors are capable of sending signals about when it is time to change the tire or report details about dangerous and uneven tire conditions.

Factors such as increase in automobile production and stringent regulations toward vehicular emission are anticipated to propel the growth of the advanced tire market. However, fluctuating price of raw material required for the production of advanced tires is expected to hinder the market growth. Further, rise in concern for fuel efficiency and safety of automobile offer a remarkable growth opportunity for the players operating in the advanced tire market.

Among the analyzed regions, currently, Asia-Pacific is the highest revenue contributor and is anticipated to maintain its lead during the forecast period, followed by Europe, North America, and LAMEA. 

 

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