The demand for lightweight vehicles is rising globally, which has increased the demand for low rolling resistance tires as they reduce the weight, resulting in a high fuel economy. These tires are termed as a green alternative to traditional tires. They enhance many features related to tires, are being used by maximum vehicles, and are expected to cover the major part of the tire industry. These tires are designed with precision in thread designs, saving the vehicle from skid and resistance during the operation.
As the transportation industry is growing at rapid rates, the demands for heavy-duty tires also increase with less wear & tear and enhanced durability. This has also helped in reducing the global pollution levels as it increases fuel efficiency. The companies are investing in research & development programs to unfold the new products like manufacturing tires using silica compounds and tires with low heat generation, fewer damages, and other features.
Apart from the uses and features, the global low rolling resistance tire market faces challenges against the rigid regulations, which has considerably degraded the market pace. This report provides a comprehensive outlook on competition, opportunities, drivers & restraints, and other factors affecting the local and global low rolling resistance tire market. The global market is anticipated to register approximately a 16 % annual growth during this period.
MRFR profiled Prominent Players in Low Rolling Resistance Tire Market They are:
Cooper Tire & Rubber Company (US), Bridgestone Corporation (Japan), Apollo Tyres Ltd. (India), The Yokohama Rubber Co. Ltd. (Japan), Zhongce Rubber Group Co., Ltd (ZC-Rubber) (Germany), Michelin (France), MRF Tyres (India), Cheng Shin Rubber Industry Co. (China), Sumitomo Rubber Industries, Ltd. (Japan), The Goodyear Tire & Rubber Company (US), Nokian Tyres plc (Finland), Kumho Tire (South Korea), Hankook Tire (South Korea), Firestone Tire and Rubber Company (US), Continental AG (Germany), Pirelli & C. S.p.A. (Italy), and Toyo Tire & Rubber Company (Japan) are some reputed names that are functioning in the low rolling resistance tire market as listed by MRFR.
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The global low rolling resistance tire market is segmented into classes as follows:
The global low rolling resistance tire market is segmented by passenger cars, two-wheelers, heavy commercial vehicles, and others based on types.
The global low rolling resistance tire market is segmented by off-road and on the road based on applications.
Based on supply mediums, the global low rolling resistance tire market is segmented into original equipment manufacturers (OEMs) and aftermarket.
The low rolling resistance tire market has gained global adoption due to an increase in demands for greener alternates, rapidly expanding transportation industry, and a rise in living standards. The Asia Pacific, North America, Europe, and the rest of the world are the major market studies for the global low rolling resistance tire market. The European region is leading the market due to the presence of key manufacturers, demands for advanced technologies, increasing research & development activities, a well-established automotive industry, rigid regulations, and other factors. The Asia Pacific region will register the fastest growth rates due to the vast population covers, rapid urbanization, a huge rise in disposable incomes, rapid expansion of the transportation industry, and other factors with India and China among the market leaders due to rapid development and presence of vast opportunities.
The global low rolling resistance tire market has gained pace since introduction as the demand for better alternates is rising and rapid expansion of the automotive industry. The commercial transportation segment will hold the major share of this market. Currently, the European region is leading the market, and the Asia Pacific will grow at the fastest rates during this period.
Key Questions Addressed by the Report
- What was the historic market size (2020)?
- Which segmentation (Product/ Capacity) is driving market?
- What will be the growth rate by 2025?
- How are the key players in this market?
- What are the strategies adopted by key players?
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TABLE OF CONTENT
Table Of Contents
- Executive Summary
- Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.2.2. Research Objective
2.3. Research Process
2.3.1. Primary Research
2.3.2. Secondary Research
2.4. Market Size Estimation
2.5. Forecast Model
- Market Landscape
3.1. Porter’s Five Forces Analysis
3.1.1. Threat Of New Entrants
3.1.2. Bargaining Power Of Buyers
3.1.3. Threat Of Substitutes
3.1.5. Bargaining Power Of Buyers
3.2. Value Chain/Supply Chain Analysis
- Market Dynamics
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Technology Trends
- Global Low Rolling Resistance Tire Market, By Application
- Global Low Rolling Resistance Tire Market, By Vehicle Type
6.2.1. Market Estimates & Forecast, 2019–2025
6.2.2. Market Estimates & Forecast, By Region, 2019–2025
List Of Tables
Table 1 Global Low Rolling Resistance Tire Market, By Region, 2017–2025
Table 2 North America: Low Rolling Resistance Tire Market, By Country, 2017–2025
Table 3 Europe: Low Rolling Resistance Tire Market, By Country, 2017–2025
Table 4 Asia-Pacific: Low Rolling Resistance Tire Market, By Country, 2017–2025
Table 5 RoW: Low Rolling Resistance Tire Market, By Region, 2017–2025
Table 6 Global Low Rolling Resistance Tire Market, By Application, By Region, 2017–2025
Table 7 North America: Low Rolling Resistance Tire Market, By Application, By Country, 2017–2025
Table 8 Europe: Low Rolling Resistance Tire Market, By Application, By Country, 2017–2025
Table 9 Asia-Pacific: Low Rolling Resistance Tire Market, By Application, By Country, 2017–2025
Table 10 RoW: Low Rolling Resistance Tire Market, By Application, By Region, 2017–2025
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