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Low Rolling Resistance Tire Market Share

ID: MRFR/AT/6805-HCR
100 Pages
Sejal Akre
October 2025

Low Rolling Resistance Tire Market Research Report Information by Application (On-road and Off-road), Vehicle Type (Two-Wheeler, Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle and others), sales channel (OEM and Aftermarket) and Region (North America, Europe, Asia-Pacific and the Rest of the World) - Global Industry Size, Share, Growth, Trends and Forecast To 2035

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Market Share

Low Rolling Resistance Tire Market Share Analysis

The construction sector is undergoing a transformative phase, embracing advanced technologies to boost efficiency and productivity. Technologies such as artificial intelligence, which facilitates the visualization of pre-construction projects, are making significant contributions to construction activities worldwide. Additionally, the widespread adoption of construction management software and the increased use of modular and prefabricated products are further elevating the construction industry globally.

One key component contributing to enhanced construction practices is the growing utilization of off-road tires in vehicles essential for construction projects worldwide. These off-road tires, integrated into heavy and earth-moving equipment like backhoe loaders, scrapers, dump trucks, and motor graders, provide heightened traction and reliability in extreme operating conditions, thereby amplifying the industry's market share. The shift in consumer preference from conventional tires to off-road tires for construction activities, driven by the desire to improve operational efficiency, is expected to propel the volume share of off-road tires on a global scale.

Substantial investments by both the public and private sectors are playing a pivotal role in the expansion of the construction industry, consequently boosting the growth of the off-road tires market. Large-scale construction projects, particularly those requiring vehicles equipped with off-road tires, are becoming increasingly prevalent. Noteworthy examples include Apple Inc.'s announcement in December 2018 of a USD 1 billion investment for a new project in Austin, Texas. Similarly, Google LLC unveiled a USD 600 million data center construction project in April 2018, involving construction vehicles equipped with off-road tires throughout the forecast period.

The Middle East & Africa region is witnessing a surge in construction operations and projects, fueled by substantial support from foreign investors. China, a major financier in African infrastructures through initiatives like the Belt and Road Initiative (BRI), is playing a crucial role in fostering construction growth. The expanding global construction industry's demand for construction vehicles equipped with off-road tires is anticipated to drive the overall expansion of the global off-road tires market during the study period. This trend underscores the vital role off-road tires play in supporting construction activities across diverse geographical landscapes.

Author
Sejal Akre
Senior Research Analyst

She has over 5 years of rich experience, in market research and consulting providing valuable market insights to client. Hands on expertise in management consulting, and extensive knowledge in domain including ICT, Automotive & Transportation and Aerospace & Defense. She is skilled in Go-to market strategy, industry analysis, market sizing, in depth company profiling, competitive intelligence & benchmarking and value chain amongst others.

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FAQs

What is the expected CAGR of the market?

The Global Low Rolling Resistance Tire Market will be witnessing ~15.85% CAGR.

What are the main key players of the market?

Apollo Tyres Ltd. (India), Kumho Tire (South Korea), Yokohama Rubber Co. Ltd. (Japan), Cheng Shin Rubber Industry Co. (China) are the main key players of the market.

What is the growth period of the market?

2022–2030 is the growth period of the market.

What are the four important regions of the market?

The four important regions are North America, Europe, Asia-Pacific, and the Rest of the world.

Market Summary

As per Market Research Future analysis, the Low Rolling Resistance Tire Market Size was estimated at 4.1 USD Million in 2024. The Low Rolling Resistance Tire industry is projected to grow from USD 4.4 Million in 2025 to USD 9.3 Million by 2035, exhibiting a compound annual growth rate (CAGR) of 7.7% during the forecast period 2025 - 2035

Key Market Trends & Highlights

The Low Rolling Resistance Tire Market is poised for substantial growth driven by technological advancements and sustainability initiatives.

  • Technological advancements in materials are enhancing the performance and efficiency of low rolling resistance tires. North America remains the largest market, while the Asia-Pacific region is emerging as the fastest-growing market for these tires. The passenger vehicle segment dominates the market, whereas the commercial vehicle segment is experiencing rapid growth. Rising fuel prices and consumer demand for eco-friendly products are key drivers propelling the market forward.

Market Size & Forecast

2024 Market Size 4.1 (USD Million)
2035 Market Size 9.3 (USD Million)
CAGR (2025 - 2035) 7.77%
Largest Regional Market Share in 2024 North America

Major Players

<p>Michelin (FR), Bridgestone (JP), Goodyear (US), Continental (DE), Pirelli (IT), Dunlop (GB), Hankook (KR), Toyo (JP), Yokohama (JP)</p>

Market Trends

The Low Rolling Resistance Tire Market is currently experiencing a notable transformation driven by a confluence of technological advancements and evolving consumer preferences. Manufacturers are increasingly focusing on enhancing tire performance while simultaneously reducing environmental impact. This dual emphasis appears to be fostering innovation in materials and design, leading to the development of tires that not only improve fuel efficiency but also offer superior durability and safety. As sustainability becomes a central theme in automotive industries, the demand for low rolling resistance tires is likely to grow, reflecting a broader shift towards eco-friendly transportation solutions. Moreover, the competitive landscape of the Low Rolling Resistance Tire Market is intensifying, with numerous players striving to differentiate their offerings. Collaborations between tire manufacturers and automotive companies are becoming more prevalent, suggesting a strategic approach to integrate low rolling resistance technologies into new vehicle models. This trend may enhance market penetration and consumer acceptance, as the benefits of such tires become more widely recognized. As the market evolves, it is essential to monitor these dynamics, as they could significantly influence future growth trajectories and consumer choices.

Technological Advancements in Materials

Recent innovations in tire materials are enhancing the performance characteristics of low rolling resistance tires. Manufacturers are exploring advanced polymers and composites that not only reduce weight but also improve grip and longevity. This trend indicates a shift towards more sustainable production methods, as these materials often require less energy to manufacture.

Increased Focus on Sustainability

The growing awareness of environmental issues is driving consumers to seek out eco-friendly products, including low rolling resistance tires. This trend suggests that manufacturers are likely to invest more in sustainable practices, such as using recycled materials and reducing carbon footprints during production, thereby aligning with consumer values.

Collaborative Efforts in the Automotive Sector

Partnerships between tire manufacturers and automotive companies are becoming increasingly common. These collaborations aim to integrate low rolling resistance technologies into new vehicle designs, potentially enhancing overall vehicle efficiency. This trend may lead to a more cohesive approach to vehicle performance, benefiting both manufacturers and consumers.

Low Rolling Resistance Tire Market Market Drivers

Market Growth Projections

The Global Low Rolling Resistance Tire Market Industry is poised for remarkable growth, with projections indicating a substantial increase from 10.4 USD Billion in 2024 to 63.3 USD Billion by 2035. This growth trajectory reflects a compound annual growth rate (CAGR) of 17.85% from 2025 to 2035, driven by various factors including technological advancements, regulatory support, and rising consumer demand for fuel-efficient and sustainable products. The market's expansion is indicative of a broader trend towards eco-friendly transportation solutions, as stakeholders across the automotive industry recognize the importance of low rolling resistance tires in achieving sustainability goals.

Rising Electric Vehicle Adoption

The increasing adoption of electric vehicles (EVs) is a significant driver for the Global Low Rolling Resistance Tire Market Industry. EVs require tires that optimize energy efficiency to maximize their range and performance. Consequently, tire manufacturers are focusing on producing low rolling resistance tires specifically designed for electric vehicles. This trend aligns with the broader shift towards sustainable transportation solutions, as consumers seek to reduce their carbon footprint. The market's growth trajectory is expected to be robust, with projections indicating a rise to 63.3 USD Billion by 2035, driven by the growing popularity of EVs and the demand for compatible tire solutions.

Growing Demand for Fuel Efficiency

The Global Low Rolling Resistance Tire Market Industry is experiencing a surge in demand driven by the increasing need for fuel efficiency among consumers and manufacturers. As fuel prices remain volatile, consumers are more inclined to invest in tires that enhance vehicle performance while reducing fuel consumption. This trend is particularly evident in the automotive sector, where manufacturers are integrating low rolling resistance tires into their vehicles to meet regulatory standards and consumer expectations. The market is projected to reach 10.4 USD Billion in 2024, reflecting a significant shift towards sustainable driving solutions that align with global environmental goals.

Regulatory Support for Emission Reduction

Government regulations aimed at reducing carbon emissions are playing a pivotal role in shaping the Global Low Rolling Resistance Tire Market Industry. Many countries are implementing stringent emission standards that necessitate the adoption of technologies promoting lower fuel consumption. This regulatory landscape encourages tire manufacturers to innovate and develop low rolling resistance tires that comply with these standards. As a result, the market is likely to witness substantial growth, with projections indicating an increase to 63.3 USD Billion by 2035. This regulatory push not only benefits the environment but also drives consumer awareness and demand for eco-friendly tire options.

Consumer Awareness and Sustainability Trends

Consumer awareness regarding sustainability and environmental impact is increasingly influencing the Global Low Rolling Resistance Tire Market Industry. As individuals become more conscious of their ecological footprint, there is a growing preference for products that contribute to energy conservation and reduced emissions. This shift in consumer behavior is prompting tire manufacturers to promote low rolling resistance tires as a viable option for environmentally conscious drivers. The market is poised for growth, with expectations of reaching 10.4 USD Billion in 2024, as consumers actively seek out sustainable tire solutions that align with their values.

Technological Advancements in Tire Manufacturing

Technological advancements in tire manufacturing are significantly influencing the Global Low Rolling Resistance Tire Market Industry. Innovations in materials and design have led to the development of tires that minimize energy loss while maintaining performance and safety. For instance, the use of advanced polymers and tread patterns has improved the efficiency of low rolling resistance tires, making them more appealing to consumers. This trend is expected to contribute to a compound annual growth rate (CAGR) of 17.85% from 2025 to 2035, as manufacturers continue to invest in research and development to enhance tire performance and sustainability.

Market Segment Insights

By Application: Passenger Vehicle (Largest) vs. Commercial Vehicle (Fastest-Growing)

<p>In the Low Rolling Resistance Tire Market, the application segment is primarily dominated by passenger vehicles, which account for a significant share of overall demand. These tires focus on optimizing fuel efficiency, appealing to environmentally conscious consumers and those seeking cost-effective solutions. In contrast, the commercial vehicle sector is experiencing the most dynamic growth, driven by rising logistics and transportation demands. This growth is bolstered by the expansion of e-commerce and increased freight activities, pushing a steady transition towards low rolling resistance solutions.</p>

<p>Passenger Vehicle (Dominant) vs. Commercial Vehicle (Emerging)</p>

<p>The passenger vehicle segment remains the dominant force in the Low Rolling Resistance Tire Market, characterized by a diverse range of tire designs catering to various consumer needs. These tires provide enhanced fuel efficiency, improved handling, and reduced road noise, appealing to a broad demographic focused on fuel savings and driving comfort. On the other hand, the commercial vehicle segment is emerging, driven by a necessity for cost-effective operations within fleet management. Commercial vehicles increasingly adopt low rolling resistance tires to reduce operational costs while maintaining competitive performance standards. This shift reflects a robust demand for sustainability and efficiency in commercial transport.</p>

By End Use: Original Equipment Manufacturer (Largest) vs. Aftermarket (Fastest-Growing)

<p>In the Low Rolling Resistance Tire Market, the Original Equipment Manufacturer (OEM) segment commands the largest share due to its integration with vehicle manufacturers and a steady demand for new vehicles. This segment's strength is primarily driven by the growing automotive production and the shift towards fuel-efficient technologies. Conversely, the aftermarket segment, while currently smaller, is the fastest-growing as consumers increasingly seek tire solutions that enhance fuel efficiency and improve vehicle performance, contributing to significant market dynamics. The growth trends in the OEM segment are largely influenced by evolving consumer preferences and stricter regulations on fuel efficiency, pushing automakers to adopt low rolling resistance tires. On the other hand, the aftermarket segment experiences rapid growth thanks to increased awareness of sustainability and government incentives for fuel-efficient vehicles. The rising demand for replacement tires, primarily in the passenger vehicle sector, fuels this segment's expansion, thereby enhancing competition among manufacturers to innovate around this specific tire technology.</p>

<p>Original Equipment Manufacturer (Dominant) vs. Aftermarket (Emerging)</p>

<p>The Original Equipment Manufacturer (OEM) segment holds a dominant position in the Low Rolling Resistance Tire Market, as it benefits from critical partnerships and long-term contracts with major auto manufacturers. This segment focuses on producing tires tailored to specific vehicle models, ensuring optimal performance and compliance with fuel economy standards. The innovation in tire design and materials, aligned with ongoing research and development, serves to enhance vehicle operating efficiencies, making OEM tires essential for manufacturers seeking to enhance their brand reputation in fuel economy. Conversely, the Aftermarket segment is categorized as an emerging force, characterized by a growing consumer shift towards aftermarket solutions that offer enhanced performance. This segment is gaining traction due to an increase in the number of vehicles on the road and the rising emphasis on sustainability. Replacement tires that incorporate low rolling resistance technology are becoming increasingly appealing to consumers, driven by their benefits in fuel savings and environmental considerations. As such, manufacturers are striving to cater to this evolving market, with new offerings designed specifically for aftermarket users.</p>

By Tire Type: Radial Tire (Largest) vs. Tubeless Tire (Fastest-Growing)

<p>In the Low Rolling Resistance Tire Market, radial tires hold the largest market share due to their superior performance characteristics, including better fuel efficiency and longevity. These tires are widely adopted in various vehicle categories, enhancing their market presence. On the other hand, tubeless tires are quickly gaining traction, primarily attributed to their ease of installation and reduced risk of puncturing, making them an ideal choice for contemporary consumers looking for convenience without compromising performance.</p>

<p>Radial Tire (Dominant) vs. Tubeless Tire (Emerging)</p>

<p>Radial tires have established themselves as the dominant player in the Low Rolling Resistance Tire Market, offering features such as enhanced grip, improved comfort, and reduced rolling resistance, which significantly contribute to fuel savings. Their design allows for better heat dispersion and longevity, making them suitable for both passenger vehicles and commercial fleets. Conversely, tubeless tires, characterized by their design that eliminates the need for an inner tube, offer advantages like lower weight and ease of maintenance. This emerging segment is particularly appealing to consumers interested in innovative tire technology and sustainability, thereby driving its growth in an increasingly competitive market.</p>

By Material Type: Natural Rubber (Largest) vs. Synthetic Rubber (Fastest-Growing)

<p>In the Low Rolling Resistance Tire Market, the material type segment showcases a diverse distribution between natural rubber, synthetic rubber, polyester, and steel. Natural rubber holds the largest market share, favored for its superior elasticity and durability, which contribute significantly to tire performance. In contrast, synthetic rubber is rapidly gaining traction due to advancements in technology and increasing consumer demand for cost-effective solutions, positioning it as the fastest-growing segment.</p>

<p>Natural Rubber (Dominant) vs. Synthetic Rubber (Emerging)</p>

<p>Natural rubber is the dominant material in the Low Rolling Resistance Tire Market, recognized for its eco-friendly properties and enhanced performance. Its resilience and ability to reduce heat generation during tire operation make it a preferred choice among manufacturers. On the other hand, synthetic rubber is emerging as a formidable contender, combining affordability with improved performance characteristics. Its adaptability in various tire formulations allows it to cater to diverse market needs, making it increasingly popular as manufacturers strive for innovation and efficiency in tire production.</p>

By Sales Channel: Online (Largest) vs. Offline (Fastest-Growing)

<p>In the Low Rolling Resistance Tire Market, the sales channel distribution reveals a significant alignment towards online platforms, which dominate the overall share. Online sales have become a preferred choice for consumers due to the convenience, competitive pricing, and broader product availability. In contrast, offline sales, while traditionally strong, have experienced shifts as digital convenience reshapes consumer behavior.</p>

<p>Retail: Traditional (Dominant) vs. Wholesale (Emerging)</p>

<p>The retail segment remains a dominant player in the Low Rolling Resistance Tire Market, characterized by a strong presence of brick-and-mortar stores that offer a hands-on shopping experience. It caters to consumers seeking immediate product access and personalized services. On the other hand, the wholesale channel is rapidly emerging, driven by bulk purchasing incentives and the growing trend of commercial fleets prioritizing efficiency and cost-effectiveness. This shift toward wholesale reflects market dynamics where affordability and bulk buying appeal to businesses aiming to optimize their tire procurement.</p>

Get more detailed insights about Low Rolling Resistance Tire Market Research Report - Global Forecast till 2035

Regional Insights

North America : Market Leader in Innovation

North America is poised to maintain its leadership in the Low Rolling Resistance Tire Market, holding a significant market share of 1.84 in 2024. The region's growth is driven by increasing fuel efficiency regulations and a rising demand for eco-friendly transportation solutions. Government initiatives aimed at reducing carbon emissions further catalyze market expansion, making it a focal point for innovation in tire technology. The competitive landscape is robust, with key players like Goodyear, Michelin, and Bridgestone leading the charge. The U.S. is the primary market, supported by a strong automotive sector and consumer preference for sustainable products. As manufacturers invest in R&D, the introduction of advanced tire technologies is expected to enhance performance and reduce environmental impact, solidifying North America's position in the global market.

Europe : Sustainable Mobility Focus

Europe is emerging as a significant player in the Low Rolling Resistance Tire Market, with a market size of 1.2. The region's growth is fueled by stringent environmental regulations and a strong push towards sustainable mobility solutions. European governments are implementing policies that encourage the adoption of low-emission vehicles, which in turn drives demand for low rolling resistance tires, enhancing fuel efficiency and reducing CO2 emissions. Leading countries such as Germany, France, and the UK are at the forefront of this market, with major manufacturers like Continental and Pirelli investing heavily in innovative tire technologies. The competitive landscape is characterized by a mix of established players and new entrants focusing on sustainability. As the market evolves, collaboration between manufacturers and regulatory bodies will be crucial for driving advancements in tire performance and environmental compliance.

Asia-Pacific : Emerging Market Potential

Asia-Pacific is witnessing rapid growth in the Low Rolling Resistance Tire Market, with a market size of 1.0. The region's expansion is driven by increasing vehicle ownership, urbanization, and rising fuel prices, prompting consumers to seek more fuel-efficient tire options. Government initiatives aimed at improving air quality and reducing emissions are also contributing to the demand for low rolling resistance tires, making this region a key player in the global market. Countries like China, Japan, and South Korea are leading the charge, with major manufacturers such as Bridgestone and Yokohama actively participating in the market. The competitive landscape is dynamic, with both domestic and international players vying for market share. As the region continues to develop, the focus on innovation and sustainability will be critical for meeting the growing demand for eco-friendly tire solutions.

Middle East and Africa : Untapped Market Opportunities

The Middle East and Africa represent an untapped market for Low Rolling Resistance Tires, with a market size of 0.06. The region's growth is hindered by limited awareness and adoption of eco-friendly tire technologies. However, increasing vehicle sales and a growing emphasis on fuel efficiency present significant opportunities for market expansion. Governments are beginning to recognize the importance of sustainable transportation, which could catalyze demand for low rolling resistance tires in the coming years. Countries like South Africa and the UAE are showing potential for growth, with local manufacturers and international players exploring market entry strategies. The competitive landscape is still developing, but as awareness of environmental issues rises, the demand for innovative tire solutions is expected to increase. Collaboration between stakeholders will be essential to unlock the region's potential in the low rolling resistance tire market.

Key Players and Competitive Insights

The Low Rolling Resistance Tire Market is currently characterized by a dynamic competitive landscape, driven by increasing consumer demand for fuel-efficient and environmentally friendly tire solutions. Key players such as Michelin (FR), Bridgestone (JP), and Goodyear (US) are at the forefront, each adopting distinct strategies to enhance their market positioning. Michelin (FR) emphasizes innovation through its commitment to sustainable materials and advanced tire technologies, while Bridgestone (JP) focuses on expanding its global footprint, particularly in emerging markets. Goodyear (US) is leveraging digital transformation to optimize its supply chain and enhance customer engagement, thereby shaping a competitive environment that prioritizes efficiency and sustainability.

In terms of business tactics, companies are increasingly localizing manufacturing to reduce costs and improve responsiveness to regional market demands. The market structure appears moderately fragmented, with several key players exerting considerable influence. This fragmentation allows for a diverse range of products and innovations, fostering competition that drives advancements in tire technology and performance.

In November 2025, Michelin (FR) announced the launch of its new line of low rolling resistance tires made from 100% sustainable materials. This strategic move not only reinforces Michelin's commitment to sustainability but also positions the company as a leader in eco-friendly tire solutions, potentially attracting environmentally conscious consumers. The introduction of these tires is expected to enhance Michelin's market share and strengthen its brand reputation in the competitive landscape.

In October 2025, Bridgestone (JP) revealed its plans to invest €200 million in expanding its manufacturing capabilities in Southeast Asia. This investment aims to increase production capacity for low rolling resistance tires, catering to the growing demand in the region. By enhancing its manufacturing footprint, Bridgestone is likely to improve its supply chain efficiency and responsiveness, thereby solidifying its competitive edge in a rapidly evolving market.

In September 2025, Goodyear (US) launched a new digital platform designed to provide real-time data analytics for tire performance and maintenance. This initiative reflects Goodyear's focus on integrating technology into its product offerings, enabling customers to optimize tire usage and enhance safety. The platform is expected to differentiate Goodyear's products in the market, appealing to tech-savvy consumers and fleet operators seeking data-driven solutions.

As of December 2025, the competitive trends in the Low Rolling Resistance Tire Market are increasingly defined by digitalization, sustainability, and the integration of artificial intelligence. Strategic alliances among key players are shaping the landscape, fostering innovation and collaboration. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition to a focus on technological advancements, sustainable practices, and supply chain reliability. This shift underscores the importance of innovation as a key driver of market success.

Key Companies in the Low Rolling Resistance Tire Market market include

Industry Developments

  • Q2 2024: Goodyear Unveils New Range of Low Rolling Resistance Tires for Electric Vehicles Goodyear announced the launch of a new line of low rolling resistance tires specifically designed for electric vehicles, aiming to improve energy efficiency and extend driving range. The new product line will be available in North America and Europe starting in Q3 2024.
  • Q1 2024: Michelin Launches e.Primacy 2, Its Latest Low Rolling Resistance Tire Market for Passenger Cars Michelin introduced the e.Primacy 2 tire, an updated low rolling resistance model for passenger vehicles, targeting improved fuel efficiency and reduced CO2 emissions. The tire will be rolled out across European markets in 2024.
  • Q2 2024: Continental Expands Low Rolling Resistance Tire Market Production at Portugal Facility Continental announced the expansion of its tire manufacturing facility in Lousado, Portugal, to increase production capacity for low rolling resistance tires, supporting growing demand from European automakers.
  • Q2 2024: Bridgestone and EV Startup Fisker Announce Partnership for Low Rolling Resistance Tire Market Supply Bridgestone entered into a partnership with Fisker to supply low rolling resistance tires for Fisker's upcoming electric SUV models, with deliveries scheduled to begin in late 2024.
  • Q1 2024: Sumitomo Rubber Industries to Open New R&D Center Focused on Low Rolling Resistance Tire Market Technology Sumitomo Rubber Industries announced the opening of a new research and development center in Japan dedicated to advancing low rolling resistance tire technologies, with a focus on sustainable materials and improved performance.
  • Q3 2024: Pirelli Launches Cinturato P7 Blue, a New Low Rolling Resistance Tire Market for Hybrid Vehicles Pirelli introduced the Cinturato P7 Blue, a low rolling resistance tire designed for hybrid vehicles, aiming to enhance fuel efficiency and reduce environmental impact. The tire will be available in select global markets starting September 2024.
  • Q2 2024: Hankook Tire Wins OEM Contract to Supply Low Rolling Resistance Tires for Volkswagen ID.4 Hankook Tire secured an original equipment manufacturer (OEM) contract to supply low rolling resistance tires for the Volkswagen ID.4 electric SUV, with production and deliveries commencing in mid-2024.
  • Q1 2024: Yokohama Rubber Co. Announces Investment in New Low Rolling Resistance Tire Market Production Line Yokohama Rubber Co. announced a significant investment to establish a new production line for low rolling resistance tires at its plant in Thailand, aiming to meet rising global demand.
  • Q2 2024: Apollo Tyres Launches Low Rolling Resistance Tire Market Range for Commercial Vehicles in India Apollo Tyres launched a new range of low rolling resistance tires for commercial vehicles in India, targeting improved fuel efficiency for fleet operators.
  • Q2 2024: Nokian Tyres Introduces Low Rolling Resistance Tire Market for Nordic Markets Nokian Tyres unveiled a new low rolling resistance tire designed for the Nordic climate, focusing on energy efficiency and safety in winter conditions.
  • Q1 2024: Toyo Tire Corporation Opens New Facility for Low Rolling Resistance Tire Market Production in Malaysia Toyo Tire Corporation inaugurated a new manufacturing facility in Malaysia dedicated to the production of low rolling resistance tires, expanding its global supply capabilities.
  • Q2 2024: Kumho Tire Partners with Hyundai to Develop Low Rolling Resistance Tires for Next-Gen EVs Kumho Tire announced a partnership with Hyundai Motor Company to co-develop low rolling resistance tires for Hyundai's next-generation electric vehicles, with prototypes expected by the end of 2024.

Intended Audience:

    • Low rolling resistance tire producers
    • Automotive OEM’s
    • Individual vehicle owners
    • Rubber suppliers
    • Fleet owners
    • Government bodies
    • Other raw material suppliers

The low rolling resistance tire manufacturing companies are working to develop low rolling resistance tires specifically for electric vehicles as Hankook Tire developed Enfren Eco tire, which combines a special silica compound and structural design to reduce energy loss and enhance fuel efficiency for electric vehicles.

Additionally, increasing vehicle sales, aftermarket growth, lower production costs, and favorable government schemes are encouraging global players to invest heavily in this region, which is further expected to drive the market growth during the forecast period.

Low rolling resistance tires are made with a hard rubber compound and stiff sidewalls to reduce friction and flex. Some tire companies are working on developing the advanced tire material combinations with new tire compounds, such as those based on silica and alternative oils to achieve good rolling-resistance properties while maintaining a pleasant ride and better grip.

Such tires are designed to have low tire rolling resistance with the help of improved tire thread design without affecting skid and tread abrasion resistance, traction and other aspects of tire performance that are vital to the operating smoothness, as well as they are designed to reduce the noise generated by the tire and ultimately improve the vehicle fuel efficiency.

In 2010, Japan began implementing a voluntary tire labeling system for passenger cars. Similarly, the South Korean government initiated a voluntary tire-labeling program for passenger cars in November 2011, which was then made compulsory in November 2012. Furthermore, in November 2016, South Korea started implementing mandatory tire labeling regulations such government regulations regarding tire labelling is expected to further boost the growth of the low rolling resistance tire market.

Low rolling resistance tire manufacturers, considering the potential of the commercial vehicles, have started focusing on them by investing in the development of tread compounds that can reduce tire rolling resistance while maintaining the treadwear and durability of truck tires. For instance, The Goodyear Tire & Rubber Company is developing low rolling resistance tires that provide maximum fuel saving with low heat generation and low rolling resistance for long-haul applications. In 2018, it planned to launch its most fuel-efficient tire range.

According to the data provided by the company, these new tires are manufactured using a silica compound that can help save a 100-vehicle fleet more than USD 338,000 in fuel costs, annually, and help truck manufacturers meet future emission targets. Thus, the rise in demand for low rolling resistance tires, especially within fleets, is an opportunity for low rolling resistance tires during the forecast period.

The Market Research Future report on the global low rolling resistance tire industry covers extensive primary research. This is accompanied by a detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market.

The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.

Future Outlook

Low Rolling Resistance Tire Market Future Outlook

<p>The Low Rolling Resistance Tire Market is projected to grow at a 7.77% CAGR from 2024 to 2035, driven by increasing fuel efficiency regulations and consumer demand for sustainable transportation solutions.</p>

New opportunities lie in:

  • <p>Development of advanced tire recycling programs</p>
  • <p>Integration of smart tire technology for real-time performance monitoring</p>
  • <p>Expansion into emerging markets with tailored product offerings</p>

<p>By 2035, the market is expected to achieve substantial growth, positioning itself as a leader in sustainable tire solutions.</p>

Market Segmentation

Low Rolling Resistance Tire Market End Use Outlook

  • Original Equipment Manufacturer
  • Aftermarket
  • Fleet Management
  • Public Transport
  • Logistics

Low Rolling Resistance Tire Market Tire Type Outlook

  • Radial Tire
  • Bias Tire
  • Tubeless Tire
  • Tube Tire

Low Rolling Resistance Tire Market Application Outlook

  • Passenger Vehicle
  • Commercial Vehicle
  • Two-Wheeler
  • Light Truck
  • Heavy Truck

Low Rolling Resistance Tire Market Material Type Outlook

  • Natural Rubber
  • Synthetic Rubber
  • Polyester
  • Steel

Low Rolling Resistance Tire Market Sales Channel Outlook

  • Online
  • Offline
  • Retail
  • Wholesale

Report Scope

MARKET SIZE 2024 4.1(USD Million)
MARKET SIZE 2025 4.4(USD Million)
MARKET SIZE 2035 9.3(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 7.77% (2024 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Million
Key Companies Profiled Michelin (FR), Bridgestone (JP), Goodyear (US), Continental (DE), Pirelli (IT), Dunlop (GB), Hankook (KR), Toyo (JP), Yokohama (JP)
Segments Covered Application, End Use, Tire Type, Material Type, Sales Channel
Key Market Opportunities Growing demand for fuel-efficient vehicles drives innovation in the Low Rolling Resistance Tire Market.
Key Market Dynamics Rising consumer demand for fuel efficiency drives innovation and competition in the Low Rolling Resistance Tire Market.
Countries Covered North America, Europe, APAC, South America, MEA

FAQs

What is the expected CAGR of the market?

The Global Low Rolling Resistance Tire Market will be witnessing ~15.85% CAGR.

What are the main key players of the market?

Apollo Tyres Ltd. (India), Kumho Tire (South Korea), Yokohama Rubber Co. Ltd. (Japan), Cheng Shin Rubber Industry Co. (China) are the main key players of the market.

What is the growth period of the market?

2022–2030 is the growth period of the market.

What are the four important regions of the market?

The four important regions are North America, Europe, Asia-Pacific, and the Rest of the world.

  1. Executive Summary
  2. Scope of the Report
    1. Market Definition
    2. Scope of the Study
      1. Definition
      2. Research Objective
      3. Assumptions
      4. Limitations
    3. Research Process
      1. Primary Research
      2. Secondary Research
    4. Market Size Estimation
    5. Forecast Model
  3. Market Landscape
    1. Porter’s Five Forces Analysis
      1. Threat of New Entrants
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Rivalry
      5. Bargaining Power of Buyers
    2. Value Chain/Supply Chain Analysis
  4. Market Dynamics
    1. Introduction
    2. Market Drivers
    3. Market Restraints
    4. Market Opportunities
    5. Technology Trends
  5. Global Low Rolling Resistance Tire Market, by Application
    1. Introduction
    2. On-Road
      1. Market Estimates & Forecast, 2020-2027
      2. Market Estimates & Forecast, by Region, 2020-2027
    3. Off-Road
      1. Market Estimates & Forecast, 2020-2027
      2. Market Estimates & Forecast, by Region, 2020-2027
  6. Global Low Rolling Resistance Tire Market, by Vehicle Type
    1. Introduction
    2. Two-wheeler
      1. Market Estimates & Forecast, 2020-2027
      2. Market Estimates & Forecast, by Region, 2020-2027
    3. Passenger Car
      1. Market Estimates & Forecast, 2020-2027
      2. Market Estimates & Forecast, by Region, 2020-2027
    4. Light Commercial vehicle
      1. Market Estimates & Forecast, 2020-2027
      2. Market Estimates & Forecast, by Region, 2020-2027
    5. Heavy Commercial vehicle
      1. Market Estimates & Forecast, 2020-2027
      2. Market Estimates & Forecast, by Region, 2020-2027
    6. Others
      1. Market Estimates & Forecast, 2020-2027
      2. Market Estimates & Forecast, by Region, 2020-2027
  7. Global Low Rolling Resistance Tire Market, by Sales Channel
    1. Introduction
    2. OEM
      1. Market Estimates & Forecast, 2020-2027
      2. Market Estimates & Forecast, by Region, 2020-2027
    3. Aftermarket
      1. Market Estimates & Forecast, 2020-2027
      2. Market Estimates & Forecast, by Region, 2020-2027
  8. Global Low Rolling Resistance Tire Market, by Region
    1. Introduction
    2. North America
      1. Market Estimates & Forecast, by Country, 2020-2027
      2. Market Estimates & Forecast, by Application, 2020-2027
      3. Market Estimates & Forecast, by Vehicle Type, 2020-2027
      4. Market Estimates & Forecast, by Sales Channel, 2020-2027
      5. US
      6. Canada
    3. Europe
      1. Market Estimates & Forecast, by Country, 2020-2027
      2. Market Estimates & Forecast, by Application, 2020-2027
      3. Market Estimates & Forecast, by Vehicle Type, 2020-2027
      4. Market Estimates & Forecast, by Sales Channel, 2020-2027
      5. UK
      6. Germany
      7. France
      8. Italy
      9. Rest of Europe
    4. Asia-Pacific
      1. Market Estimates & Forecast, by Country, 2020-2027
      2. Market Estimates & Forecast, by Application, 2020-2027
      3. Market Estimates & Forecast, by Vehicle Type, 2020-2027
      4. Market Estimates & Forecast, by Sales Channel, 2020-2027
      5. China
      6. Japan
      7. India
      8. Rest of Asia-Pacific
    5. Rest of the World
      1. Market Estimates & Forecast, by Region, 2020-2027
      2. Market Estimates & Forecast, by Application, 2020-2027
      3. Market Estimates & Forecast, by Vehicle Type, 2020-2027
      4. Market Estimates & Forecast, by Sales Channel, 2020-2027
      5. Middle East & Africa
      6. Latin America
  9. Competitive Landscape
  10. Company Profile
    1. Bridgestone Corporation (Japan)
      1. Company Overview
      2. Products/Services Offered
      3. Financial Overview
      4. Key Developments
      5. Key Strategies
      6. Swot Analysis
    2. The Goodyear Tire & Rubber Company (US)
      1. Company Overview
      2. Products/Services Offered
      3. Financial Overview
      4. Key Developments
      5. Key Strategies
      6. Swot Analysis
    3. Sumitomo Rubber Industries, Ltd. (Japan)
      1. Company Overview
      2. Products/Services Offered
      3. Financial Overview
      4. Key Developments
      5. Key Strategies
      6. Swot Analysis
    4. Pirelli & C. S.p.A. (Italy)
      1. Company Overview
      2. Products/Services Offered
      3. Financial Overview
      4. Key Developments
      5. Key Strategies
      6. Swot Analysis
    5. Hankook Tire (South Korea)
      1. Company Overview
      2. Products/Services Offered
      3. Financial Overview
      4. Key Developments
      5. Key Strategies
      6. Swot Analysis
    6. Michelin (France)
      1. Company Overview
      2. Products/Services Offered
      3. Financial Overview
      4. Key Developments
      5. Key Strategies
      6. Swot Analysis
    7. Continental AG (Germany)
      1. Company Overview
      2. Products/Services Offered
      3. Financial Overview
      4. Key Developments
      5. Key Strategies
      6. Swot Analysis
    8. The Yokohama Rubber Co. Ltd. (Japan)
      1. Company Overview
      2. Products/Services Offered
      3. Financial Overview
      4. Key Developments
      5. Key Strategies
      6. Swot Analysis
    9. Apollo Tyres Ltd. (India)
      1. Company Overview
      2. Products/Services Offered
      3. Financial Overview
      4. Key Developments
      5. Key Strategies
      6. Swot Analysis
    10. Cheng Shin Rubber Industry Co. (China)
      1. Company Overview
      2. Products/Services Offered
      3. Financial Overview
      4. Key Developments
      5. Key Strategies
      6. Swot Analysis
    11. Kumho Tire (South Korea)
      1. Company Overview
      2. Products/Services Offered
      3. Financial Overview
      4. Key Developments
      5. Key Strategies
      6. Swot Analysis
    12. Zhongce Rubber Group Co., Ltd (ZC-Rubber) (Germany)
      1. Company Overview
      2. Products/Services Offered
      3. Financial Overview
      4. Key Developments
      5. Key Strategies
      6. Swot Analysis
    13. Nokian Tyres plc (Finland)
      1. Company Overview
      2. Products/Services Offered
      3. Financial Overview
      4. Key Developments
      5. Key Strategies
      6. Swot Analysis
    14. MRF Tyres (India)
      1. Company Overview
      2. Products/Services Offered
      3. Financial Overview
      4. Key Developments
      5. Key Strategies
      6. Swot Analysis
    15. Firestone Tire and Rubber Company (US)
      1. Company Overview
      2. Products/Services Offered
      3. Financial Overview
      4. Key Developments
      5. Key Strategies
      6. Swot Analysis
    16. Cooper Tire & Rubber Company (US)
      1. Company Overview
      2. Products/Services Offered
      3. Financial Overview
      4. Key Developments
      5. Key Strategies
      6. Swot Analysis
      7. Swot Analysis
    17. Toyo Tire & Rubber Company (Japan)
      1. Company Overview
      2. Products/Services Offered
      3. Financial Overview
      4. Key Developments
      5. Key Strategies
      6. Swot Analysis
      7. Swot Analysis
    18. List of Tables
  11. Global Low Rolling Resistance Tire Market, by Region, 2020-2027
  12. North America: Low Rolling Resistance Tire Market, by Country, 2020-2027
  13. Europe: Low Rolling Resistance Tire Market, by Country, 2020-2027
  14. Asia-Pacific: Low Rolling Resistance Tire Market, by Country, 2020-2027
  15. RoW: Low Rolling Resistance Tire Market, by Region, 2020-2027
  16. Global Low Rolling Resistance Tire Market, by Application, by Region, 2020-2027
  17. North America: Low Rolling Resistance Tire Market, by Application, by Country, 2020-2027
  18. Europe: Low Rolling Resistance Tire Market, by Application, by Country, 2020-2027
  19. Asia-Pacific: Low Rolling Resistance Tire Market, by Application, by Country, 2020-2027
  20. RoW: Low Rolling Resistance Tire Market, by Application, by Region, 2020-2027
  21. Global Low Rolling Resistance Tire Market, by Vehicle Type, by Region, 2020-2027
  22. North America: Low Rolling Resistance Tire Market, by Vehicle Type, by Country, 2020-2027
  23. Europe: Low Rolling Resistance Tire Market, by Vehicle Type, by Country, 2020-2027
  24. Asia-Pacific: Low Rolling Resistance Tire Market, by Vehicle Type, by Country, 2020-2027
  25. RoW: Low Rolling Resistance Tire Market, by Vehicle Type, by Region, 2020-2027
  26. Global Low Rolling Resistance Tire Market, by Sales Channel, by Region, 2020-2027
  27. North America: Low Rolling Resistance Tire Market, by Sales Channel, by Country, 2020-2027
  28. Europe: Low Rolling Resistance Tire Market, by Sales Channel, by Country, 2020-2027
  29. Asia-Pacific: Low Rolling Resistance Tire Market, by Sales Channel, by Country, 2020-2027
  30. RoW: Low Rolling Resistance Tire Market, by Sales Channel, by Region, 2020-2027
    1. List of Figures
  31. Research Process of MRFR
  32. Top-Down and Bottom-Up Approach
  33. Market Dynamics
  34. Impact Analysis: Market Drivers
  35. Impact Analysis: Market Restraints
  36. Porter's Five Forces Analysis
  37. Value Chain Analysis
  38. Global Low Rolling Resistance Tire Market Share, by Application, 2020 (%)
  39. Global Low Rolling Resistance Tire Market, by Application, 2020-2027 (USD Million)
  40. Global Low Rolling Resistance Tire Market Share, by Vehicle Type, 2020 (%)
  41. Global Low Rolling Resistance Tire Market, by Vehicle Type, 2020-2027 (USD Million)
  42. Global Low Rolling Resistance Tire Market Share, by Sales Channel, 2020 (%)
  43. Global Low Rolling Resistance Tire Market, by Sales Channel, 2020-2027 (USD Million)
  44. Global Low Rolling Resistance Tire Market Share (%), by Region, 2020
  45. Global Low Rolling Resistance Tire Market, by Region, 2020-2027 (USD Million)
  46. North America: Low Rolling Resistance Tire Market Share (%), 2020
  47. North America: Low Rolling Resistance Tire Market, by Country, 2020-2027 (USD Million)
  48. Europe: Low Rolling Resistance Tire Market Share (%), 2020
  49. Europe: Low Rolling Resistance Tire Market, by Country, 2020-2027 (USD Million)
  50. Asia-Pacific: Low Rolling Resistance Tire Market Share (%), 2020
  51. Asia-Pacific: Low Rolling Resistance Tire Market, by Country, 2020-2027 (USD Million)
  52. Rest of the World: Low Rolling Resistance Tire Market Share (%), 2020
  53. Rest of the World: Low Rolling Resistance Tire Market, by Region, 2020-2027 (USD Million)

Low Rolling Resistance Tire Market Segmentation

Market Segmentation Overview

  • Detailed segmentation data will be available in the full report
  • Comprehensive analysis by multiple parameters
  • Regional and country-level breakdowns
  • Market size forecasts by segment
Infographic

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