ID: MRFR/AM/5205-HCR | February 2021 | Region: Global | 100 Pages
Table of Contents
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 Market Structure
2.4 Key Takeaways
2.5 Macro Factor Indicators Analysis
2.5.1 GDP (USD Million)
2.5.2 GNI Per Capita, Atlas Method (USD)
2.5.3 GDP Per Capita PPP (USD)
2.5.4 Macro Indicators Influencing the Advanced tires for Top 5 Countries
2.5.4.1 US
2.5.4.2 Germany
2.5.4.3 Japan
2.5.4.4 China
2.5.4. 5 UK
2.6 Market insights
2.7 List of Assumptions
3 Research Methodology
3.1 Research On-Highway vehicle Type
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Focus on reduction of carbon materials
4.2.2 High maintenance and replacement costs for conventional tires
4.3 Restraints
4.3.1 High investment costs
4.3.2 Inabilitiy of mass production
4.3.3 Restraints Impact Analysis
4.4 Opportunity
4.3.1 increase in demand for autonomous and semi-autonomous vehicles
4.3.2 Increase in demand for industrial automation
4.5 Value Chain Analysis
4.6 Porterโs Five Forces Model
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Suppliers
4.6.3 Bargaining Power of Buyers
4.6.4 Threat of Substitutes
4.6.5 Intensity of Rivalry
5 Global Advanced tires Market, By On-Highway vehicle Type
5.1 Overview
5.1.1 LDV
5.1.1.1 Market Estimates & Forecast, 2020-2027
5.1.1.2 Market Estimates & Forecast, By Region/Country, 2020-2027
5.1.2 HDV
5.1.2.1 Market Estimates & Forecast, 2020-2027
5.1.2.2 Market Estimates & Forecast, By Region/Country, 2020-2027
6 Global Advanced tires Market, By Off-Highway Vehicle Type
6.1 Overview
6.1.1 Agriculture Tractors
6.1.1.1 Market Estimates & Forecast, 2020-2027
6.1.1.2 Market Estimates & Forecast, By Region/Country, 2020-2027
6.1.2 Construction and Mining Equipment
6.1.2.1 Market Estimates & Forecast, 2020-2027
6.1.2.2 Market Estimates & Forecast, By Region/Country, 2020-2027
6.1.3 Industrial Equipment
6.1.3.1 Market Estimates & Forecast, 2020-2027
6.1.3.2 Market Estimates & Forecast, By Region/Country, 2020-2027
7 Global Advanced tires Market, By Material Type
7.1 Overview
7.1.1 Natural Rubber
7.1.1.1 Market Estimates & Forecast, 2020-2027
7.1.1.2 Market Estimates & Forecast, By Region/Country, 2020-2027
7.1.2 Synthetic rubber
7.1.2.1 Market Estimates & Forecast, 2020-2027
7.1.2.2 Market Estimates & Forecast, By Region/Country, 2020-2027
7.1.3 Steel
7.1.3.1 Market Estimates & Forecast, 2020-2027
7.1.3.2 Market Estimates & Forecast, By Region/Country, 2020-2027
7.1.4 Elastomers
7.1.4.1 Market Estimates & Forecast, 2020-2027
7.1.4.2 Market Estimates & Forecast, By Region/Country, 2020-2027
7.1.5 Other materials
7.1.5.1 Market Estimates & Forecast, 2020-2027
7.1.5.2 Market Estimates & Forecast, By Region/Country, 2020-2027
8 Global Advanced tires Market, By Type
8.1 Overview
8.1.1 Pneumatic tires
8.1.1.1 Market Estimates & Forecast, 2020-2027
8.1.1.2 Market Estimates & Forecast, By Region/Country, 2020-2027
8.1.2 Run-flat tires
8.1.2.1 Market Estimates & Forecast, 2020-2027
8.1.2.2 Market Estimates & Forecast, By Region/Country, 2020-2027
8.1.3 Airless tires
8.1.3.1 Market Estimates & Forecast, 2020-2027
8.1.3.2 Market Estimates & Forecast, By Region/Country, 2020-2027
9 Global Advanced tires Market, By Region
9.1 Overview
9.2 Americas
9.2.1 Market Estimates & Forecast, By Country, 2020-2027
9.2.2 Market Estimates & Forecast By On-Highway Material Type, 2020-2027
9.2.3 Market Estimates & Forecast By Off-Highway Material Type, 2020-2027
9.2.4 Market Estimates & Forecast By Material Type, 2020-2027
9.2.5 Market Estimates & Forecast By Type, 2020-2027
9.2.6 US
9.2.6.1 Market Estimates & Forecast By On-Highway Material Type, 2020-2027
9.2.6.2 Market Estimates & Forecast By Off-Highway Material Type, 2020-2027
9.2.6.3 Market Estimates & Forecast By Material Type, 2020-2027
9.2.6.4 Market Estimates & Forecast By Type, 2020-2027
9.2.7 Canada
9.2.7.1 Market Estimates & Forecast By On-Highway Material Type, 2020-2027
9.2.7.2 Market Estimates & Forecast By Off-Highway Material Type, 2020-2027
9.2.7.3 Market Estimates & Forecast By Material Type, 2020-2027
9.2.7.4 Market Estimates & Forecast By Type, 2020-2027
9.2.8 Rest of Americas
9.2.8.1 Market Estimates & Forecast By On-Highway Material Type, 2020-2027
9.2.8.2 Market Estimates & Forecast By Off-Highway Material Type, 2020-2027
9.2.8.3 Market Estimates & Forecast By Material Type, 2020-2027
9.2.8.4 Market Estimates & Forecast By Type, 2020-2027
9.3 Europe
9.3.1 Market Estimates & Forecast, By Country, 2020-2027
9.3.2 Market Estimates & Forecast By On-Highway Material Type, 2020-2027
9.3.3 Market Estimates & Forecast By Off-Highway Material Type, 2020-2027
9.3.4 Market Estimates & Forecast By Material Type, 2020-2027
9.3.5 Market Estimates & Forecast By Type, 2020-2027
9.3.6 Germany
9.3.6.1 Market Estimates & Forecast By On-Highway Material Type, 2020-2027
9.3.6.2 Market Estimates & Forecast By Off-Highway Material Type, 2020-2027
9.3.6.3 Market Estimates & Forecast By Material Type, 2020-2027
9.3.6.4 Market Estimates & Forecast By Type, 2020-2027
9.3.7 UK
9.3.7.1 Market Estimates & Forecast By On-Highway Material Type, 2020-2027
9.3.7.2 Market Estimates & Forecast By Off-Highway Material Type, 2020-2027
9.3.7.3 Market Estimates & Forecast By Material Type, 2020-2027
9.3.7.4 Market Estimates & Forecast By Type, 2020-2027
9.3.8 France
9.3.8.1 Market Estimates & Forecast By On-Highway Material Type, 2020-2027
9.3.8.2 Market Estimates & Forecast By Off-Highway Material Type, 2020-2027
9.3.8.3 Market Estimates & Forecast By Material Type, 2020-2027
9.3.8.4 Market Estimates & Forecast By Type, 2020-2027
9.3.9 Spain
9.3.9.1 Market Estimates & Forecast By On-Highway Material Type, 2020-2027
9.3.9.2 Market Estimates & Forecast By Off-Highway Material Type, 2020-2027
9.3.9.3 Market Estimates & Forecast By Material Type, 2020-2027
9.3.9.4 Market Estimates & Forecast By Type, 2020-2027
9.3.10 Rest of Europe
9.3.10.1 Market Estimates & Forecast By On-Highway Material Type, 2020-2027
9.3.10.2 Market Estimates & Forecast By Off-Highway Material Type, 2020-2027
9.3.10.3 Market Estimates & Forecast By Material Type, 2020-2027
9.3.10.4 Market Estimates & Forecast By Type, 2020-2027
9.4 Asia Pacific
9.4.1 Market Estimates & Forecast, By Country, 2020-2027
9.4.2 Market Estimates & Forecast By On-Highway Material Type, 2020-2027
9.4.3 Market Estimates & Forecast By Off-Highway Material Type, 2020-2027
9.4.4 Market Estimates & Forecast By Material Type, 2020-2027
9.4.5 Market Estimates & Forecast By Type, 2020-2027
9.4.6 China
9.4.6.1 Market Estimates & Forecast By On-Highway Material Type, 2020-2027
9.4.6.2 Market Estimates & Forecast By Off-Highway Material Type, 2020-2027
9.4.6.3 Market Estimates & Forecast By Material Type, 2020-2027
9.3.5.4 Market Estimates & Forecast By Type, 2020-2027
9.4.7 Japan
9.4.7.1 Market Estimates & Forecast By On-Highway Material Type, 2020-2027
9.4.7.2 Market Estimates & Forecast By Off-Highway Material Type, 2020-2027
9.4.7.3 Market Estimates & Forecast By Material Type, 2020-2027
9.4.7.4 Market Estimates & Forecast By Type, 2020-2027
9.4.8 India
9.4.8.1 Market Estimates & Forecast By On-Highway Material Type, 2020-2027
9.4.8.2 Market Estimates & Forecast By Off-Highway Material Type, 2020-2027
9.4.8.3 Market Estimates & Forecast By Material Type, 2020-2027
9.3.8.4 Market Estimates & Forecast By Type, 2020-2027
9.4.9 Rest of Asia Pacific
9.4.9.1 Market Estimates & Forecast By On-Highway Material Type, 2020-2027
9.4.9.2 Market Estimates & Forecast By Off-Highway Material Type, 2020-2027
9.4.9.4 Market Estimates & Forecast By Material Type, 2020-2027
9.4.9.5 Market Estimates & Forecast By Type, 2020-2027
9.5 Middle East & Africa
9.5.1 Market Estimates & Forecast, By Country, 2020-2027
9.5.2 Market Estimates & Forecast By On-Highway Material Type, 2020-2027
9.5.3 Market Estimates & Forecast By Off-Highway Material Type, 2020-2027
9.5.4 Market Estimates & Forecast By Material Type, 2020-2027
9.5.5 Market Estimates & Forecast By Type, 2020-2027
10 Competitive Landscape
10.1.1 Competitive Overview of Advanced tires Market
10.1.2 Competitive Benchmarking of Advanced tires Market
10.1.3 Market Share Analysis
10.1.5 New Product Development
10.1.6 Merger & Acquisition in Advanced tires Market
10.1.7 Partnership/Collaboration
10.1.8 Supply Contract List
10.1.9 Joint Ventures
11 Company Profiles
11.1 Continental
11.1.1 Company Overview
11.1.2 Financial Overview
11.1.3 Product Offerings
11.1.4 Key Developments
11.1.5 SWOT Analysis
11.1.6 Key Strategy
11.2 Bridgestone
11.2.1 Company Overview
11.2.2 Financial Overview
11.2.3 Product Offerings
11.2.4 Key Developments
11.2.5 SWOT Analysis
11.2.6 Key Strategy
11.3 Michelin
11.3.1 Company Overview
11.3.2 Financial Overview
11.3.3 Product Offerings
11.3.4 Key Developments
11.3.5 SWOT Analysis
11.3.6 Key Strategy
11.4 Goodyear
11.4.1 Company Overview
11.4.2 Financial Overview
11.4.3 Product Offerings
11.4.4 Key Developments
11.4.5 SWOT Analysis
11.4.6 Key Strategy
11.5 Pirelli
11.5.1 Company Overview
11.5.2 Financial Overview
11.5.3 Product Offerings
11.5.4 Key Developments
11.5.5 SWOT Analysis
11.5.6 Key Strategy
11.6 Sumitomo
11.6.1 Company Overview
11.6.2 Financial Overview
11.6.3 Product Offerings
11.6.4 Key Developments
11.6.5 SWOT Analysis
11.6.6 Key Strategy
11.7 Yokohama
11.7.1 Company Overview
11.7.2 Financial Overview
11.7.3 Product Offerings
11.7.4 Key Developments
11.7.5 SWOT Analysis
11.7.6 Key Strategy
11.8 Hankook Tire
11.8.1 Company Overview
11.8.2 Financial Overview
11.8.3 Product Offerings
11.8.4 Key Developments
11.8.5 SWOT Analysis
11.8.6 Key Strategy
11.9 Nokian
11.9.1 Company Overview
11.9.2 Financial Overview
11.9.3 Product Offerings
11.9.4 Key Developments
11.9.5 SWOT Analysis
11.9.6 Key Strategy
11.10 CEAT
11.10.1 Company Overview
11.10.2 Financial Overview
$1,352.7
18.1%
Asia-Pacific
2022-2030
As per Market Research Future (MRFR)’s new analysis, the global advanced tires market share is projected to reach USD 298.8 Mn, at a CAGR of 10.8% during the forecast period 2018 to 2023.
Advanced tires are a result of various combinations of different types of materials. Generally, advanced tires are airless and have no chance of being punctured. Its surface contact area is less than other tires, which in turn increases the fuel efficiency of the vehicle. The grip of advanced tires is not lost when the vehicle is traveling at a higher speed and is less dangerous on wet roads. In addition, the advanced tire is a new technology that enhances the functioning and performance of the tires by sensing the conditions of roads.
The propelling market factors such as an increase in automobile production and stringent regulations toward vehicular emission are anticipated to propel the growth of the advanced tires market. However, fluctuating price of raw materials required for the production of advanced tires is expected to hinder the market growth. Further, the rise in concern for fuel efficiency and automobile safety offers a remarkable growth opportunity for the players operating in the market.
The automotive industry has observed a robust growth in the last decade, mainly in China, the U.S., Japan, India, Germany, and the U.K. In its early stage, the global automotive industry was only concentrated in developed countries such as Japan, the U.S., and Germany. As the automobile industry becomes standardized, manufacturing facilities will focus on developing countries such as China, Thailand, and India. Recently, the automobile industry has been increasing due to speedy industrialization, which has led to an increase in the sale of commercial vehicles such as trucks, tractors, and trailers. Developing nations have witnessed a rise in demand and production of the automobile. For instance, India became the fourth largest automobile industry globally, with an increase in sales of 9.5% year-on-year to 4.2 million units. The automobile production rise in developing nations has led to increased production of automotive catalysts for emission control devices in automobile exhaust systems.
Report Attribute/Metric | Details |
---|---|
Market Size | 2023 : 298.8 Mn |
CAGR | 10.8% CAGR (2020-2027) |
Base Year | 2019 |
Forecast Period | 2020-2027 |
Historical Data | 2018 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered |
|
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Continental (Germany), Bridgestone (Japan), Michelin (France), Goodyear (US), Pirelli (Italy), Sumitomo (Japan), Yokohama (Japan), Hankook Tire (South Korea), Nokian (Finland), CEAT (India), and Toyo Tire (Japan). |
Key Market Opportunities | New product launches and R&D Amongst major key Players |
Key Market Drivers | Rapid demand for industrial automation is also likely to positively influence the growth of the market during the review period. |
Frequently Asked Questions (FAQ) :
The advanced tires market can surge at 10.8% CAGR by 2023.
The advanced tires market can value at USD 298.8 million by 2023
Hankook Tire (South Korea), CEAT (India), Nokian (Finland), and Toyo Tire (Japan) are some reputed names in the advanced tires market.
In 2017, the advanced tires market valued at USD 155.9 Mn.
Natural rubber, elastomers, steel, and synthetic rubber are materials that are used in the fabrication of advanced tires.