Advanced Tires Market 2021 - Trends, Market Share, Industry Size, Growth, Opportunities And Forecast To 2028

A consistent market research report like Advanced Tires Market report extends reach to the success in the business. All the data and statistic included in the report is backed up by well-known analysis tools which include SWOT analysis and Porter’s Five Forces analysis. Market research studies carried out in this report are very considerate which assist businesses to take better decisions and develop superior strategies about production, marketing, sales and promotion. Market definition, market segmentation, key developments in the market, competitive analysis and research methodology are the major chapter of this Advanced Tires market report which are again elaborated precisely and specifically.

Market analysis and market segmentation has been carried out in terms of markets, geographic scope, years considered for the study, currency and pricing, research methodology, primary interviews with key opinion leaders, DBMR market position grid, DBMR market challenge matrix, secondary sources, and assumptions. When the report is accompanied with right tools and technology, it helps tackle a number of uncertain challenges for the business. It also provides businesses with the company profile, product specifications, production value, contact information of manufacturer and market shares for company.

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The advanced tires market is projected to reach USD 656.90 million in 2027 growing at the rate of 16.40% in the forecast period of 2020 to 2027. The overall demand for advanced tires market across the globe is expected to rise due to the increase in premium car production and developments in the car technologies.

Advanced tires constitute of technologies such as self-inflating, multi-chamber, chip-embedded or they could be called all-in-one tires in layman’s terms. These technologies provide more convenience and assistance to the driver with the real-time monitoring of tire pressure which increases the durability of the tires.

Also, the fuel efficiency of the vehicle improves when the tire pressure is within normal range. These tire technologies would help in cutting down the maintenance cost of the vehicles which would further boost the demand for advanced tires market all over the globe. On the other hand, the high production cost and inability of mass production are projected to obstruct the advanced tires market growth.

Furthermore, increasing demand for industrial automation, growth of e-commerce and rising demand of industrial vehicles extend profitable opportunities to the advanced tires market players. Few factors such as real life implementation of these advanced tires, functionality as compared to their form and customer acceptance are expected to challenge the advanced tires market growth.

Advanced Tires Market Scope and Market Size
• On the basis of vehicle type, the advanced tires market is segmented into on-highway vehicle and off-highway vehicle. On-highway vehicles are classified into light duty vehicles and heavy duty vehicles.
• On the basis of technology type, the advanced tires market is segmented into on-highway technology, off-highway technology and niche technology. Further, on-highway technology is divided into self-inflating tires, chip-embedded tires, multi-chamber tires and all-in-one tires. Off-highway technology includes industrial equipment, agricultural tractors and construction & mining equipment. While niche technology breaks down into autonomous vehicle advanced tires and 3D printed tires.
• Based on the tire type, the advanced tires market is divided into airless, run-flat and pneumatic.
• On the basis of material, the advanced tires market is segmented into synthetic rubber, steel, natural rubber, elastomers and others.

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The countries covered in the advanced tires market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

There is a growing demand for advanced tires in regions such as Europe, North America and few countries from Asia-Pacific due to the increased production of premium vehicles and demand for connected technologies. Also, high-end SUV’s and premium cars are estimated to adopt the technology first as they play as the drivers of the advanced tires market too.

Leading Key Players Operating in the Advanced Tires Market Includes:
The major players covered in the advanced tires market report are Continental AG, Bridgestone Corporation, Michelin, The Goodyear Tyre & Rubber Company, Pirelli & C. S.p.A., Sumitomo Corporation, Yokohama Tire Corporation, Hankook Tire & Technology Co.,Ltd. Nokian Tyres plc, CEAT Ltd., Toyo Tire Corporation, Shandong Tang Ren Import and Export Trading Co., Ltd., Hebei Huichao Machinery Parts Co., Ltd., Zhejiang PDW Industrial Co., Ltd., Jiangxi Deyou Technology Co., Ltd., Pengda Rubber Product Factory, Qingdao Keter Tyre Co.Limited Trading Company, Shandong Juling Group, Aliner Automotive Equipments Pvt. Ltd., Auto Tool Equipment Solution among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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Some of the features of 'Global Advanced Tires market: Trends, Forecast, and Opportunity Analysis' include:
• Market size estimates: Global Advanced Tires market size estimation in terms of value shipment.
• Trend and forecast analysis: Market trend and forecast by segments and region.
• Segmentation analysis: Global market size by various applications such as by product and service, technology, indication, end use, and region.
• Regional analysis: Global Advanced Tires market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth opportunities: Analysis on growth opportunities in different applications and regions for Advanced Tiress in the global Advanced Tires market.
• Strategic analysis: This includes M&A, new product development, and competitive landscape for, Advanced Tiress in the global Advanced Tires market.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

Key questions answered in the report
• Which are the high growth market segments in terms of component, deployment mode, application, user-group, and countries?
• What is the historical market for Advanced Tires across the globe?
• What are the market forecasts and estimates from the period of 2021-2028?
• Who are the major players in various countries, and what share of the market do they hold?
• What are the recent developments in the Advanced Tires market?
• What are the different strategies adopted by the major players in the Advanced Tires market?
• What are the geographical trends and high-growth countries?
• Who are the local emerging players in the Advanced Tires market, and how do they compete with the other players?

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