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Low Rolling Resistance Tire Market Outlook – 2027
Automobile tires are considered as an important factor to improve vehicle efficiency and reduce overall fuel consumption. Low rolling resistance reduces the energy loss as a tire roll and thus helps in decreasing the required rolling effort and improves vehicle fuel efficiency. Hence, the purpose of using a low rolling resistance tire is to reduces the friction force that is obtained from the ground. Thus, it increases the operational efficiency of the vehicles and also improves the driving experience of the rider. In addition, the low rolling resistance tire is made up of synthetic rubber, natural rubber, fabric, and wire. These tires are now being used in hybrid cars, and are used in the mainstream vehicles. Furthermore, they are essentially green and are used for enhancing fuel efficiency, vehicle performance, and safety, besides help to bring about a reduction in vehicular emissions. Increase in adoption of a low rolling resistance market is expected to grow the market further during the forecast period.
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Top impacting factors: market scenario analysis, trends, drivers, and impact analysis
The major factor that boosts the growth of the global market includes increase in demand for vehicles that save fuel and emit less carbon. This, in turn, is expected to spur the demand for low rolling resistance tires during the forecast period. However, high cost associated with the low rolling resistance tire is anticipated to hinder the market growth during the forecast period. Conversely, increase in inclination toward environmental protection and conservation of natural resources and rise in demand for fuel-efficient vehicles are expected to offer lucrative opportunities for the market.
The low rolling resistance tire market trends are as follows:
Increasing demand for saving the fuel
There has been surge in demand for lightweight vehicles in recent years. Hence, the low rolling resistance tire manufacturers are increasingly adopting wide-based low rolling resistance tire (LRR) tires for trucks and buses, as they reduce vehicle weight & improve the fuel efficiency of the vehicles. In addition, the low rolling resistance tire in the highway trucks fleet and the reduced weight allow fleet operators to put a high payload on vehicles particularly, in weight-sensitive applications. Thus, all these factors are anticipated to drive the overall low rolling resistance tire market during the forecast period.
Less carbon emission
Increase in application of low rolling resistance tire reduces energy loss through resistance and enhances the efficiency of the vehicles. In addition, low rolling resistance tire includes an enhanced design, which reduces fuel consumption and enhances fuel efficiency, vehicle performance, and safety. Thus, low rolling resistance translates to reductions in overall fuel consumption and low rolling resistance tires have been gaining traction in the transportation sector.
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Questions answered in the low rolling resistance tire market research report:
Low Rolling Resistance Tire Market Report Highlights
Aspects | Details |
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By Vehicle type |
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By Width Type |
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By Sales Channel |
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By Region |
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Key Market Players | Cooper Tire & Rubber Co., The Goodyear Tire & Rubber Co., Continental AG, Pirelli & C. Spa, The Yokohama Rubber Co. Ltd., Apollo Tyres Ltd., Michelin Group, Bridgestone Corp., ZHONGCE RUBBER GROUP Co. Ltd., Hankook Tire & Technology Co. Ltd. |
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