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Advanced Tires Market by Vehicle Type (On-Highway and Off-Highway), Technology (Chip-Embedded Tires, Self-Inflating Tires, Multi-Chambered Tires, All-In-One Tires, TPMS, Chip-Embedded Tires, Self-Inflating Tires, and Multi-Chambered Tires), Tire Type (Run-Flat, Airless, and Pneumatic), and Material Type (Natural Rubber, Synthetic Rubber, Steel, Elastomers, and Others) – Global Opportunity Analysis and Industry Forecast 2019–2026

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Nov 2019 | 97 Views
 
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Advanced tires comprise of technologies such as chip-embedded, multi-chamber, self-inflating, and all-in-one tires. These technologies are expected to increase the in-vehicle convenience significantly. By real time monitoring of tire pressure, these technologies help to increase the durability of a tire. Also, the tire pressure within normal range improves the fuel efficiency of a vehicle. Hence, advanced tire technologies are expected to reduce the maintenance cost of a vehicle, which will, in turn, result in an increased demand for advanced tires across the globe. The advanced tires market size is predicted to grow at a formidable pace during the forecast period.

The factors that drive the market include the increase in focus for reduction of carbon footprints, increase in production of premium vehicles, rising technological trends in the automotive industry, and increase in demand for lightweight and durable raw material. In addition, the factors that restrain the market include increase in the need for high capital investment, mass production of advanced tires, and presence of alternatives such as multi-chamber and airless tires. 

A typical passenger vehicle emits about 4.6 metric tons of carbon dioxide per year. This number can vary based on vehicle’s fuel, fuel economy, and the number of miles driven per year. Cars and trucks account for nearly one-fifth of all US emissions, emitting around 24 pounds of carbon dioxide and other global-warming gases for every gallon of gas. About five pounds comes from the extraction, production, and delivery of fuel, while the great bulk of heat-trapping emissions—more than 19 pounds per gallon—comes right out of a car’s tailpipe.

Due to the growing focus on reduction of carbon footprints, manufacturing of tires from green or organic raw material is encouraged. The green or organic raw material is less harmful to the environment. Hence, this factor is boosting the acceptance of advanced tires and is likely to encourage the growth of the advanced tires market.

The major companies profiled for the market in the report include Continental (Germany), Bridgestone (Japan), Michelin (France), Goodyear(US), Pirelli (Italy), Sumitomo (Japan), Yokohama (Japan), Hankook Tire (South Korea),Nokian (Finland), and CEAT (India). These players have adopted different strategies such as expansion and new product development to gain significant advanced tires market share

The market is segmented on the basis of vehicle type, technology, tire type, material type and region. By vehicle type, it is bifurcated into on-highway vehicle and off-highway vehicle. By technology, it is divided into chip-embedded tires, self-inflating tires, multi-chambered tires, all-in-one tires, and TPMS. On the basis of tire type, it is categorized into run-flat, airless, and pneumatic. On the basis of Material Type, it is segmented into natural rubber, synthetic rubber, steel, elastomers, and others. By region, the market is analyzed across Asia-Pacific, Europe, North America, and LAMEA.

KEY BENEFITS FOR STAKEHOLDERS

  • This study comprises analytical depiction of the advanced tires market trends with current trends and future estimations to depict the imminent investment pockets.
  • The overall potential is determined to understand the profitable trends to gain a stronger foothold in advanced tires industry.
  • The advanced tires market analysis report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current market forecast is quantitatively analyzed from 2019 to 2026 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

ADVANCED TIRES MARKET KEY SEGMENTS

By Vehicle Type

  • On-Highway Vehicle
  • Passenger Car
  • Commercial Vehicle
  • Off-Highway Vehicle Type
  • Agricultural Tractors
  • Construction & Mining Equipment
  • Industrial Equipment

By Technology

  • Chip-Embedded Tires
  • Self-Inflating Tires
  • Multi-Chambered Tires
  • All-In-One Tires
  • TPMS

By Tire Type

  • Run-Flat
  • Airless
  • Pneumatic

By Material Type

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

By Region

  • Asia-Pacific
    • China
    • India 
    • Japan
    • South Korea
    • Rest of Asia-Pacific 
  • Europe
    • France
    • Germany
    • United Kingdom
    • Italy
    • Rest of Europe 
  • North America
    • United States
    • Mexico
    • Canada
  • LAMEA
    • Latin America
    • Middle East
    • Africa

KEY MARKET PLAYERS PROFILED

  • Continental AG 
  • Bridgestone Corporation 
  • Michelin 
  • Goodyear
  • Pirelli & C. S.p.A.
  • Sumitomo Corporation 
  •  Yokohama Tire Corporation
  • Hankook Tire & Technology Co.,Ltd. 
  • Nokian Tyres PLC.
  • CEAT Ltd. 
  • TOYO TIRE CORPORATION.
 

  

 
 
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