Advanced Tires Market Incisive Insights Regarding Major Regions, Key Players And Opportunities Up To 2026

According to the report published by Allied Market Research, the global advanced tires market garnered $248.7 million in 2020, and is estimated to garner $1.34 billion by 2030, growing at a CAGR of 18.4% from 2020 to 2030. The research provides a detailed analysis of changing market trends, key investment pockets, major segments, Porter's Five Forces Model, and competitive landscape.

Request Sample PDF of Advanced Tire Report At https://www.alliedmarketresearch.com/request-sample/5587

Increase in automobile manufacturing activities and strict regulations related to vehicular emissions propel the growth of the global advanced tires market. On the other hand, variations in raw material prices hinder the growth up to certain extent. Contrarily, increase in concerns related to fuel efficiency along with safety would provide a number of opportunities for the key market players.

For over a decade, Benzinga has lead the way when it comes to investor access to information. Now Benzinga is about to do it all again with breakout stock recommendations.

Advanced Tires Market https://www.prnewswire.com/news-releases/advanced-tires-market-to-reach-1-34-bn-globally-by-2030-at-18-4-cagr-allied-market-research-300989583.html

Led by Editor Gianni Di Poce, Benzinga Breakout Opportunity Letter uses three market-beating 'Delta Factors' to find stocks that could surge in the weeks ahead. Click here to find out how you can get the name of Benzinga's next breakout stock recommendation.

On the basis of material type, the natural rubber segment would hold more than one-third of the total share of the global advanced tires market in 2020, and is estimated to retain its dominant position from 2020 to 2030. This is due to natural rubber possessing a large stretch ratio, increased resilience, and crack resistance. However, the synthetic rubber segment is expected to register the highest CAGR of 20.4% by 2030. This is due to synthetic rubber being more resistant to oil, certain chemicals, and oxygen along with its characteristic of lasting long.

Enquire More About Advanced Tire Market Report https://www.alliedmarketresearch.com/purchase-enquiry/5587

On the basis of type, the pneumatic tires segment would hold around one-third of the total revenue of the global advanced tires market in 2020, and is estimated to maintain lead throughout the forecast period. On the other hand, the run flat tires segment is expected to witness the fastest CAGR of 20.1% from 2020 to 2030.

Based on region, Asia-Pacific is expected to garner the largest revenue, accounting for nearly two-fifths of total share of the global advanced tires market in 2020. In addition, this region is expected to register the highest CAGR of 19.7% from 2020 to 2030. This is attributed to increase in population and rise in demand for automobiles. The growth would be followed by Europe and North America.

Key market players active in the market include Bridgestone Corporation, Michelin, Continental AG, The Goodyear Tire & Rubber Company, Pirelli & C. S.p.A, Nokian Tyres plc, The Yokohama Rubber Co., Ltd., Sumitomo Corporation, Hankook Tire & Technology Co., Ltd., Toyo Tire Corporation, and others.

Report Customization @ https://www.alliedmarketresearch.com/request-for-customization/5587

Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

This release was published on openPR.