Advanced Tires Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

The advanced tires are likely to see massive demand in the coming years with the adoption of autonomous and connected cars. The technological disruptions in the automotive sector and the demand for high-end luxury vehicles are expected to transform the existing tire industry. Innovations in the tire industry are supported by the presence of major manufacturers in the developed markets of North America, such as Canada and China. The demand for advanced tires would experience a symbolic rise due to large-scale acceptance by the consumers in the future.

MARKET DYNAMICS

The advanced tires market is anticipated to flourish in the forecast period on account of the development of low-maintenance tires and improved focus on reducing carbon footprint. The integration of driver assistance and connected features in tires are further likely to propel the market growth. However, high initial investment costs may hamper the growth of the advanced tires market during the forecast period. On the other hand, growth of autonomous and semi-autonomous vehicles offers lucrative opportunities for the players operating in the advanced tires market in the future.

MARKET SCOPE

The "Global Advanced Tires Market Analysis to 2031" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of advanced tires market with detailed market segmentation by type, technology, material, and geography. The global advanced tires market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading advanced tires market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global advanced tires market is segmented on the basis of type, technology, and material. Based on type, the market is segmented as airless tires, pneumatic tires, and run-flat tires. On the basis of the technology, the market is segmented as multi-chamber tires, chip-embedded tires, self-inflating tires, and all-in-one tires. The market on the basis of the material is classified as steel, elastomers, rubber, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global advanced tires market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The advanced tires market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting advanced tires market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the advanced tires market in these regions.

Advanced Tires Market Report Analysis

Advanced Tires Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Bridgestone Corporation
• CEAT Ltd.
• Continental Reifen Deutschland GmbH
• Hankook Tire and Technology Co., Ltd.
• Michelin
• Nokian Tyres plc.
• Pirelli and C. S.p.A.
• The Goodyear Tire and Rubber Company
• Toyo Tire Corporation

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Type

• Airless Tires
• Pneumatic Tires
• Run-Flat Tires

By Technology

• Multi-Chamber Tires
• Chip-Embedded Tires
• Self-Inflating Tires
• All-In-One Tires

By Material

• Steel
• Elastomers
• Rubber

MARKET PLAYERS

The reports cover key developments in the advanced tires market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from advanced tires market are anticipated to lucrative growth opportunities in the future with the rising demand for advanced tires in the global market. Below mentioned is the list of few companies engaged in the advanced tires market.

The report also includes the profiles of key advanced tires companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.

• Bridgestone Corporation
• CEAT Ltd.
• Continental Reifen Deutschland GmbH
• Hankook Tire & Technology Co.,Ltd.
• Michelin
• Nokian Tyres plc.
• Pirelli & C. S.p.A.
• The Goodyear Tire & Rubber Company
• Toyo Tire Corporation
• Yokohama Tire Corporation

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Advanced Tires Market Report Scope