Market Research Future published a half coocked research report on theglobal ultra high performance tire marketthat contains the information from 2022–2030.
The global ultra high performance tire market is expected to grow at ~11.36% CAGR during the forecast period, 2022–2030.
In 2020, the sports carssegment held the largest market share: MRFR
Based on tire type, the global market is divided into summer, all-season, and winter. The all-season segment is expected to hold the largest share of the market. The all-season segment is expected to grow at the fastest rate during the study period as these tires are designed to provide year-round traction (even in light snow) through tread designs and compounds that remain more flexible in the cold weather to help blend all-season traction with excellent handling and high-speed abilities.
Based on the demand category, the global market is divided into OEM and replacement. The replacement segment is expected to hold the larger market share, and it is expected to grow at the faster rate during the forecast period. Replacement tires are meant for all-around performance on any vehicle that they are sized and rated to fit. They often emphasize one or two performance attributes that consumer research has identified to be especially vital to end-user motorists.
Based on vehicle type, the ultra high performance tire market is segmented into sports cars, SUV/ MUV, and light truck. The sports cars segment is expected to dominate the global market during the forecast period. Several brands in the market are catering high-speed sports cars to the professional as well as consumer segments. With an increased sale of the sports car, the demand for ultra-high-performance tires is also surging from the OEMs and aftermarket (replacement).
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The key players operating in the global ultra high performance tire market are MICHELIN (France), Bridgestone Corp. (Japan), The Goodyear Tire and Rubber Co. (US), Continental AG (Germany), Hankook Tire and Technology Co. Ltd. (South Korea), Toyo Tire Corporation (Japan), Yokohama Rubber Co. Ltd. (Japan), Pirelli (Italy), Cooper Tire and Rubber Co. (US), and Kumho Tire Co. Inc. (South Korea).
This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging andhigh-growth segments. The market data comprises the basic assessment of the competitive scenarios and strategies in the global ultra high performance tire market, including high-growth regions and/or countries and political and economic environments. The project report further provides both – historical market values and pricing andcost analysis.