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Advanced Tires Market 2020: Worldwide Industry Analysis, Market Size, Share, Demand, Business Opportunity, Statistics, Major Players, and Forecast Till 2030

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

The Global Advanced Tires Market is estimated to grow at a CAGR of 18.4% during the forecast period 2020-2030. As per the analysis, the global market was estimated to grow from $248.7 million in the year 2020 to $1.34 billion by the end of the year 2030. The Advanced Tires Industry is majorly driven by increasing production of automobiles coupled with technological advancements in various automobile parts for high experience and increased safety. As per the Organisation Internationale des Constructeurs d’Automobiles (OICA), in the year 2017, China hold the leading position in passenger car production with ~23 million passenger cars—growth of 4.4% from 2016, followed by European Union with ~16 million passenger cars— with a minimal growth of 0.2% from 2016.

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Advanced tires comprise of advanced technologies such as all-in-one tires, multi-chamber, self-inflating and RFID chips; and increasing demand for advanced, autonomous and connected technologies in automobiles is expected to drive the market growth for the long-term. Moreover, growth in automobile production, boost in automobile sectoral growth, stringent rules and regulation considering vehicular emission fuel are some factors driving the market growth over the long-term. Also, increasing safety concerns and fuel efficiency issues present some lucrative opportunities for the market growth. Considering the increased disposable income in various countries, the automobile sector is highly witnessing the increased demand for advanced cars, connected cars and luxurious cars that in turn support the demand of advanced tires and boost the market growth.

Segmentation Overview of the Global Advanced Tires Market

The Global Advanced Tire Market is segmented on the basis of Material Type, Type, Technology and Vehicle Type. These market segments are further categorized into various sub-segments to get detailed insights about the market scenario.

The Material Type Segment of the Global Advanced Tire Market is Sub-Segmented into:

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

The Type Segment of the Global Advanced Tire Market is Sub-Segmented into:

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

The Technology Segment of the Global Advanced Tire Market is Sub-Segmented into:

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

The Vehicle Type Segment of the Global Advanced Tire Market is Sub-Segmented into:

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

Geographical Overview of the Global Advanced Tires Market

On the basis of geographical segmentation, the global advanced tires market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Turkey, and rest of Europe), Asia-Pacific (China, India, Australia & New Zealand, ASEAN and rest of Asia-pacific), and LAMEA (Latin America, the Middle East, and Africa).

As per the analysis, the Asia-Pacific region is estimated to dominate the global market with majority of market share, followed by Europe. The APAC region is expected to contribute ~2/5thof the market share in the global advanced tires market. Also, the APAC region accounted as the fastest growing region by our market analyst, and accounted to grow with ~19.7% of CAGR during the forecast period. The regional growth and dominance is due to increasing population base in the region and increase in demand for automobiles in the region.

Market Players Insights

Toyo Tire Corporation, Sumitomo Corporation, Hankook Tire & Technology Co., Ltd., Nokian Tyres plc, THE YOKOHAMA RUBBER CO., LTD., The Goodyear Tire & Rubber Company, Pirelli & C. S.p.A, Michelin, Continental AG and Bridgestone Corporation are some major players included in the research study of the global advanced tires market.

Key Topics Covered

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

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The post Advanced Tires Market 2020: Worldwide Industry Analysis, Market Size, Share, Demand, Business Opportunity, Statistics, Major Players, and Forecast Till 2030 appeared first on Market News Bizz.

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