Advanced Tires Market is reach USD 1,148.3 million by 2030 The report "Advanced Tires Market by On-Highway & Off-Highway Vehicle, Technology (TPMS, Chip-Embedded, Self-Inflating, All-in-One, Multi-Chamber), Autonomous Vehicle, 3D Printed, Type (Run-flat, Airless, Pneumatic), Material, and Region - Global Forecast to 2030", The advanced tires market is projected to grow at a CAGR of 17.98% during the forecast period, to reach USD 1,148.3 million by 2030 from an estimated USD 219.7 million in 2020. Increasing production of premium vehicles and technological trends in the automotive industry such as developments in autonomous vehicle and connected vehicle ecosystem are the key drivers for growth in this market. Alternatively, the high capital costs and inability to mass produce the advanced tires can hinder the growth of the market. Browse 102 market data Tables and 48 Figures spread through 160 Pages and in-depth TOC on "Advanced Tires Market - Global Forecast to 2030"
Advanced Tires Market Years considered for Research Report:
2020 - Estimated Year
2030 - Projected Year
2020–2030 - Forecast Period
Increasing demand for autonomous and connected technologies in automotive is expected to drive the market for advanced tires. Advanced Tires Market Research Report Study and Objectives
To estimate and forecast the global market, by on-highway vehicle type, by type, by technology, by material, and by region
To segment the market and forecast the market size, by value and volume for off-highway vehicles on the basis of vehicle type and technology at the regional level
To segment the market and forecast the market size, by value and volume, for 3D printing technology and autonomous vehicle type at the regional level
Early buyers will receive 10% customization on reports. Advanced Tires Market, Target Audience
On-highway Tire manufacturers
Off-highway tire manufacturers
Tire associations
Automotive associations
Tire raw material manufacturers
Global industrial vehicle and cargo handling associations
North America: The largest advanced tires market for on highway vehicle North America comprises developed countries such as the US and Canada the leading developed economies in the world. Additionally, North America has witnessed tremendous growth in the autonomous vehicle ecosystem in the last few years because of the presence of companies such as
Tesla, Google, and Uber. Moreover, the region has high GDP per capita income as compared to regions such as Asia Oceania. All these factors increase the overall acceptance of innovative technologies such as advanced tires in the coming future. The prominent players in the advanced tires market are Continental (Germany), Bridgestone (Japan), Michelin (France), Goodyear (US), Pirelli (Italy), Sumitomo (Japan), Yokohama (Japan), Han kook Tire (South Korea), Nokian (Finland), CEAT (India), and Toyo Tire (Japan). Don’t miss out on business opportunities in Advanced Tires Market. Speak to our analyst and gain crucial industry insights that will help your business grow.
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