Low Rolling Resistance Tires Market to Grow at a CAGR of 12.3% by 2025 | Dominant Vendors - Yokohama Tire Corporation, Cooper Tire & Rubber Company, Sumitomo, Continental, Hankook Tire, Pirelli, Bridgestone, The Goodyear Tire & Rubber Company
The Global Low Rolling Resistance Tires Market report provides an in-depth overview of Product Specification, technology, product type and production analysis considering major factors such as Revenue, Cost, Gross and Gross Margin.
The Global Low Rolling Resistance Tires Market report also contains the drivers and restrains for the market that are derived from SWOT analysis, and also shows what all the recent developments, product launches, joint ventures, merges and accusations by the several key players and brands that are driving the market are by systemic company profiles.
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Top Key Players:
• Cooper Tire
• Bridgestone Corporation
• Continental AG
• The Goodyear Tire & Rubber Company
• Pirelli & C. S.P.A
• Sumitomo Rubber Industries, Ltd
• Hankook Tire
• Yokohama Rubber Co. Ltd
• Cooper Tire & Rubber Company
• Toyo Tire & Rubber Co. Ltd.
• Among others.
Global low rolling resistance tires market was valued at USD 60.5 Billion in 2017 and growing at a CAGR of 12.3% in the forecast period of 2018 and 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Global Low Rolling Resistance Tires Market, By Type (Radial, bias, tube, tubeless, others), By application (Polymers, Fillers, Softeners, Curatives and Others), By End User Applications, By Geography (North America, Europe, Asia-Pacific, Middle East & Africa, South America) – Industry Trends and Forecast to 2025
Tires are considered as an important factor to improve the vehicle efficiency and reduce overall fuel consumption. Low rolling resistance reduces the energy loss as a tire rolls, and thus help in decreasing the required rolling effort and improves the vehicle fuel efficiency. Factors such as adoption of safety regulations by government agencies along with an increase in vehicle sales and safety installations per vehicle are fueling the demand for LRR market globally. Tires are an integral component of automobiles and are manufactured using raw materials such as natural rubber, nylon tire cord fabric, and carbon black. Rubber chemicals and synthetic rubber, including styrene-butadiene rubber and poly-butadiene rubber, are used in manufacturing tires. Low rolling resistance tires are essentially green tires and their use enhances fuel efficiency, vehicle performance, and safety, besides helping to bring about a reduction in vehicular emissions. Major automotive companies are now introducing new vehicles with LRR tires and that more than 50% of new vehicles will have LRR tires by the end of 2020. For instance, in 2015, Nissan Motor Company Ltd had introduced its Nissan Murano crossover with LRR tires, and was one of the key features to its marketing strategy.
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Market Drivers and Restraints:
• The demand for LRR tires, is to save significant amount of fuel
• More and more fleets every year are recognizing the benefits of LRR tires
• Represent a good investment for dealing with fuel economy
The global low rolling resistance tire market is segmented based on type, application, end user application and geography.
Based on type, the market is classified radial, bias, tube, tubeless and others.
Based on application, the market is classified polymers, fillers, softeners, curatives and other low rolling resistance tire.
On the basis of end user applications the market is classified industries, motor vehicles and others.
Based on geography the global low rolling resistance tire market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others
Queries Resolved In This Report:
1. Which will be the specialties at which Global Low Rolling Resistance Tires Market players profiling with intensive designs, financials, and furthermore, ongoing headways should set nearness?
2. Which will be the foreseen development rates for your own Global Low Rolling Resistance Tires Market economy out and out and furthermore for each portion inside?
3. Which will be the Global Low Rolling Resistance Tires Market application and sorts and estimate joined intently by makers?
4. Which will be the dangers which will attack growth?
5. The length of the Global Low Rolling Resistance Tires Market opportunity?
6. How Global Low Rolling Resistance Tires Market share advance vacillations their value from various assembling brands?
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