Advanced Tires Market Research Report-Global Forecast till 2027

Advanced Tires Market Research Report by On-Highway Vehicle Type (LDV, HDV), Off-Highway Vehicle Type (Agriculture Tractors, Construction and Mining Equipment), Material Type (Natural Rubber, Synthetic Rubber, Elastomers, and Others), Type (Pneumatic Tires, Run-Flat Tires, and Others), and Region–Global Forecast to 2027

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 Porter’s 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

Advanced Tires Market

Advanced Tires Market Research Report by On-Highway Vehicle Type

$1,352.7

Market Size


18.1%

CAGR


Asia-Pacific

Dominating Region

2022-2030

Forecast Period

Segmentation

By On-Highway Vehicle Type Ldv Hdv
By Off-Highway Vehicle Type Agriculture Tractors Construction And Mining Equipment
Material Type Natural Rubber Synthetic Rubber Elastomers And Others
By Type Pneumatic Tires Run Flat Tires Others

Key Players

  • Continental (Germany)
  • Bridgestone (Japan)
  • Michelin (France)
  • Goodyear (US)
  • Pirelli (Italy)
  • Sumitomo (Japan)
  • Yokohama (Japan)
  • Hankook Tire (South Korea)
  • Nokian (Finland)
  • CEAT (India)
  • Toyo Tire (Japan).

Drivers

  • Rapid demand for industrial automation is also likely to positively influence the growth of the market during the review period
  • New product launches and R&D Amongst major key Players
Speak to Analyst Request a Free Sample

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 Market Snapshot :



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 staunch focus of the industry leaders and governments on the reduction of carbon materials is expected to catapult the advanced tires market on an upward trajectory in the forthcoming years. However, the inability of mass production coupled with high investment costs is predicted to restrict the expansion of the market over the next couple of years.

Advanced Tires Market Companies Covered:


Some of the key players operating in the global market are 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).


Recent Developments


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.


Advanced Tires Market Report Overview:


This MRFR’s report offers an outlook for global advanced tires market based on a detailed analysis of the key elements likely to influence the market foresight. A detailed segmental study of the market based on material type includes natural rubber, synthetic rubber, steel, elastomers, and other materials. By on-highway vehicle type, the market has been analyzed under HAD and LDV. The revenue analysis based on different types of off-highway vehicles covers agriculture tractors, construction and mining equipment, and industrial equipment. Furthermore, the types of advanced tires identified in the report include pneumatic tires, run-flat tires, and airless tires. The regional evaluation of the market encompasses Americas, Europe, Asia Pacific, and the Middle East & Africa.

Advanced Tires Market Report Coverage:


The report covers market dynamics, key developments, past trends, forecast, and market factor analysis which includes supply chain and Porter’s five forces analysis. It also presents market players’ share analysis along with revenue breakdown of market segments by region and a country-level analysis of each segment.

Advanced Tires Market Segmental Analysis:


By On-Highway Vehicle Type


  • LDV

  • HDV


By Off-Highway Vehicle Type


  • Agriculture Tractors

  • Construction and Mining Equipment

  • Industrial Equipment


By Material Type


  • Natural Rubber

  • Synthetic Rubber

  • Steel

  • Elastomers

  • Other materials


By Type


  • Pneumatic Tires

  • Run-Flat Tires

  • Airless Tires


By Region


  • Americas

  • Europe

  • Asia Pacific

  • Middle East & Africa



Advanced Tires Market Research Methodology:


MRFR leverages its industry expertise for drawing actionable insights into the market. A detailed qualitative as well as quantitative assessment of the market is extrapolated from data sourced through credible sources, including but not limited to, interviews, surveys, SEC filings, whitepaper references, etc. under primary and secondary research. A multi-level verification process eliminates deviations and discrepancies. Additionally, top-down and bottom-up approaches ensure the accuracy of the statistical observations available in the report.

Report Scope:
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

  • By On-Highway Vehicle Type
  • By Off-Highway Vehicle Type
  • By Material Type
  • By Type

    		•
      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.


    Speak to Analyst Ask for Customization

    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.