Global Advanced Tires Market Size Study, By Type, Application, And Regional Forecasts 2030 (Business Opportunities - Other Business Ads)
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Global Advanced Tires Market Size Study, By Type, Application, And Regional Forecasts 2030 | |
Bharat Book Bureau Provides the Trending Market Research Report on “Advanced Tires Market by Type (Pneumatic, Run-Flat, Airless), Technology (Self-Inflating, Chip-Embedded, Multi-chamber, All-in-one, Self-Sealing), Vehicle (ICE, Electric, Hybrid, Off-highway), Niche Technology, Material & Region - Global Forecast to 2030” under the Automotive Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence, and Market reports. The Advanced Tires Market is projected to grow from USD 1.3 billion in 2023 to USD 3.2 billion by 2030, at a CAGR of 14.4% from 2023 to 2030. Rising focus on carbon dioxide (CO2), and nitrogen oxide (NOx), and growing demand for convenience and safety features in the LDV segment. Further, the high maintenance and replacement cost of OTR tires creates demand for advanced tires. “LDVs are expected to hold the largest share in the advanced tires market owing to rising demand for comfort and safety features.” The on-highway advanced tires market is predominantly dominated by the LDV (Light Duty Vehicle) segment. The production of premium vehicles in regions such as North America, Europe, and some Asian countries has been on the rise, fueling the demand for the advanced tire market. Global automotive manufacturers such as BMW, Mercedes-Benz, Volvo, Land Rover, Audi, General Motors, and Volkswagen among others are offering advanced tires in their premium vehicles as a standard fitment. The global premium vehicle penetration increased with a growth rate of ~7% from 2020 to 2022. The top brands, such as Mercedes-Benz, Tesla, and BMW, dominated the global luxury vehicle market in 2022. To support this OEM demand, tire suppliers like Michelin, Goodyear, Bridgestone, and Continental are developing and expanding advanced tire portfolios including self-healing, run-flat, futuristic airless, and multi-chambered tires. Further, Michelin partnered with DHL in which about 50 express vans will be tested with Michelin’s airless tire- called ‘Uptis’ for last-mile delivery in Singapore towards the end of 2023. More such collaboration is expected soon which will drive the adoption of advanced tires in the light trucks and minivans segment. Browse our full report with Table of Content: https://www.bharatbook.com/report/1418456/advanced-tires-market-by-type-pneumatic-run-flat-airless-technology-self-inflating-chip-embedded-multi-chamber-all-in-one-self-sealing-vehicle-ice-electric-hybrid-off-highway-niche-technology-material-region-global-forecast-to About Bharat Book Bureau: Bharat Book is Your One-Stop-Shop with an exhaustive coverage of 4,00,000 reports and insights that includes latest Market Study, Market Trends & Analysis, Forecasts Customized Intelligence, Newsletters and Online Databases. Overall a comprehensive coverage of major industries with a further segmentation of 100+ subsectors. Contact us at: Bharat Book Bureau Tel: +91 22 27810772 / 27810773 Email: poonam@bharatbook.com Website: www.bharatbook.com  | |
| Target State: All States Target City : All Cities Last Update : 14 June 2023 12:16 PM Number of Views: 45 | Item Owner : Kartik Contact Email: (None) Contact Phone: (None) |
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2024-04-28 (0.391 sec)