openPR Logo
Press release

What's the next big thing in the Low Rolling Resistance Tire Market...? Apollo Tyres Ltd., Michelin SCA, The Goodyear Tyre and Rubber Company

06-03-2019 06:39 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

What's the next big thing in the Low Rolling Resistance Tire

Extensively employed in commercial as well as passenger vehicles, low rolling tires will remain a popular choice among automakers and consumers, as a fuel efficient tire type. As the global demand for sustainability and fuel efficiency continues to mount, low rolling resistance tires are most likely to witness a strong surge in demand over the years to come.

Some of the key players active in the global low rolling resistance tire market are Apollo Tyres Ltd., Michelin SCA, Maxxis International, The Goodyear Tyre and Rubber Company, Bridgestone Corporation, Yokohama Rubber Company, Pirelli & C. SpA, Continental AG, Cooper Tyre & Rubber Co., Sumitomo, Trelleborg AB, and Hankook Tyre Worldwide Co. Ltd., among others.
The US$ 66 billion market for low rolling resistance tire is anticipated to expand at a prosperous CAGR of 10.8% during 2018-2028.

Speak To Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-1533

Since the tire replacement rate continues to be high, aftermarket is dominating over OEMs in terms of sales of low rolling resistance tires.

Low rolling resistance tires with wide band width will remain more preferred, accounting for almost 25% share of the total sales.

In line with the increasing significance of reduced or zero carbon footprint, organizations such as the SmartWay Transport Partnership (US) will prominently continue to focus on transportation and logistics management in a sustainable manner. This and more such establishments are likely to drive the demand for low rolling resistance tires in the market, says the report.

Commercial Vehicles Lead in Terms of Generating Low Rolling Resistance Tire Demand

By vehicle type, heavy commercial vehicles will reportedly account for almost half of the global low rolling resistance market revenue that has been estimated through 2028. As commercial vehicles cover longer distances on a daily basis, fuel and cost efficiency will remain the most important factors associated with them, particularly HCVs, thereby favoring adoption of fuel efficient automotive components such as low rolling resistance tires.

Visibly increasing consumer shift towards commercial vehicles for long distance travel is estimated to amplify the sales volume of low rolling resistance tires in the near future. Moreover, since HCV tires tend to experience more wear and tear, translating into a higher replacement rate, sales of low rolling resistance tires are likely to remain higher in this segment – according to FMI’s analysis.

Europe Accounts for Nearly 25% of Low Rolling Resistance Tire Market

Europe is estimated to hold about one-fourth share in the global low rolling resistance tire market owing to rapidly growing implementation of the sustainable regulatory framework that prominently cover automotive components manufacturing. Low rolling resistance tire market in China and India is likely to demonstrate promising growth owing to improving economies, increasing vehicle parc, and tightening fuel consumption and emission regulations.

Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-1533

The tire industry is highly competitive owing to the presence of several established players, building a fairly consolidated landscape for low rolling resistance tire market. Over half of the market value is accounted by organized players, according to FMI’s research on the global low rolling resistance tire market.

Low Rolling Resistance Lrr Tire Market Reports - Table of Contents

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Taxonomy

2.2. Market Definition

3. Market Background

3.1. Macro-Economic Factors

3.2. Forecast Factors – Relevance & Impact

3.3. Value Chain

3.4. Market Dynamics

3.4.1. Drivers

3.4.2. Restraints

3.4.3. Opportunity Analysis

3.4.4. Trend

4. Market Forecast

4.1. Global Low Rolling Resistance (LRR) Tire Market (Market Size US$ Mn) Analysis

4.1.1. Historical Market Value (US$ Mn) Analysis

4.1.2. Current and Future Market Value (US$ Mn) Projections

4.1.2.1. Y-o-Y Growth Trend Analysis

4.1.2.2. Absolute $ Opportunity Analysis

4.2. Pricing Analysis

4.2.1. Pricing Analysis By Vehicle Type

4.2.2. Pricing Analysis By Region

5. Global Low Rolling Resistance (LRR) Tire Market Analysis By Vehicle Type

5.1. Introduction

5.1.1. Market Value Share Analysis By Vehicle Type

5.1.2. Y-o-Y Growth Analysis By Vehicle Type

5.2. Historical Market Size and Volume Analysis By Vehicle Type 2013–2017

5.3. Market Size and Volume Forecast By Vehicle Type 2018–2028

5.3.1. Passenger Cars

5.3.2. Light Commercial Vehicle (LCV)

5.3.3. Heavy Commercial Vehicle (HCV)

5.4. Market Attractiveness Analysis By Vehicle Type

6. Global Low Rolling Resistance (LRR) Tire Market Analysis By Width Type

6.1. Introduction

6.1.1. Market Value Share Analysis By Width Type

6.1.2. Y-o-Y Growth Analysis By Width Type

6.2. Historical Market Size and Volume Analysis By Width Type 2013–2017

6.3. Market Size and Volume Forecast By Width Type 2018–2028

6.3.1. Dual Type

6.3.2. Wide Band Type

6.4. Market Attractiveness Analysis By Width Type

Get More Information @ https://www.futuremarketinsights.com/reports/low-rolling-resistance-lrr-tire-market

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

Future Market Insights, U.S. Office, 616 Corporate Way, Suite 2-9018,, Valley Cottage, NY 10989,, United States, T: +1-347-918-3531, F: +1-845-579-5705, Email: sales@futuremarketinsights.com, Web: https://www.futuremarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release What's the next big thing in the Low Rolling Resistance Tire Market...? Apollo Tyres Ltd., Michelin SCA, The Goodyear Tyre and Rubber Company here

News-ID: 1762964 • Views: 340

More Releases from Future Market Insights

How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring

All 5 Releases


More Releases for Type

Marine Composites Market |By Type |Resin Type|Vessel Type|Fiber Type |Region Ana …
The report includes market segmentation by composites type (metal matrix composite, ceramic matrix composite, polymer matrix composite); polymer matrix composite by fiber type (glass fiber, carbon fiber, others); polymer matrix composite by resin type (polyester, vinyl ester, epoxy, thermoplastic, others); vessel type (power boats, sailboats, cruise ships, others); and region (North America, Europe, APAC, Latin America, MEA). Download Latest Free PDF Sample Brochure of “Marine Composites Market” With Detailed TOC
Leishmaniasis Treatment Market, By Disease Type, and Drug Type
Leishmaniasis is parasitic disease caused due to an infection with Leishmania parasites and transmitted through the bite of infected female phlebotomine sand flies. According to the World Health Organization (WHO), approximately 7, 00,000 to 1 million new cases and 20,000 - 30,000 deaths occur worldwide annually due to the leishmaniasis. There are three forms of leishmaniasis namely mucocutaneous leishmaniasis, visceral leishmaniasis, and cutaneous leishmaniasis. Visceral leishmaniasis (VL) is the most
Medical Packaging Market, By Material, Packaging Type, Packing Type, Application
Medical packaging has the primary function to protect packaged medical or pharmaceutical products. Different types of medical components have resulted in developing various types of medical packaging, ranging from preformed packaging to customizable packaging. Medical products have unique features and majority of them require proper sterilization and are therefore, designed ergonomically to fulfill the high medical standards and protect the product integrity. One of the major factor contributing to the growth
Gaucher Disease Treatment Market, by Disease Type, Therapy Type
Gaucher disease is an autosomal recessive inherited metabolism disorder where a type of fat (lipid) called glucocerebroside is unable to degrade. Body synthesis enzyme called glucocerebrosidase, which breakdowns and reprocesses glucocerebroside. Gaucher disease is caused by mutations of a single gene called GBA, which leads to very low levels of glucocerebrosidase enzyme leading to low degradation of glucocerebroside. There are three types of Gaucher disease namely: type 1, type 2,
Phenolic Foam Board Market Report 2018: Segmentation by Product (Type 1, Type 2, …
Global Phenolic Foam Board market research report provides company profile for Sekisui Chemical, Jinan Shengquan Group, Tenlead, Guibao, Langfang Sanxing Chemical, Lions, Kingspan Insulation, Asahi Kasei, Unilin (Xtratherm), Hausys and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year
Global Bio Pharma Buffer Market By Product Type | Phosphates Type, Acetates Type …
Researchmoz added Most up-to-date research on "Global Bio Pharma Buffer Market By Product Type | Phosphates Type, Acetates Type and TRIS Type" to its huge collection of research reports. This report studies Bio Pharma Buffer in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. This report focuses on top