Press release
Global AUV Tires Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2028
The AUV tires market is anticipated to grow at a significant CAGR of 3.7% during the forecast period (2022-2028). The term "autonomous underwater vehicle" (AUV) refers to an uncrewed underwater vehicle. AUVs can be used for underwater survey tasks, such as identifying and mapping submerged wrecks, rocks, and impediments that could pose a threat to commercial and recreational boats' navigation. The major factor driving the growth of the market includes the increasing usage of AUVs in underwater survey tasks globally.The global AUV tires market is segmented based on the material and sales channel. Based on the material, the market is sub-segmented into pneumatic tires, solid tires, and polyurethane tires. Based on the sales channel, the market is sub-segmented into OEM and aftermarket. Among these sales channels, the OEM segment is expected to propel the growth of the market due to the increasing demand and usage of OEM tires in autonomous underwater vehicles globally.
The market players are also contributing significantly to the market growth by adopting various strategies, including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in April 2022, Continental introduced tires made of polyester derived from recycled PET bottles. Continental offers the PremiumContact 6, EcoContact 6, and AllSeasonContact tires, all of which are constructed from polyester derived from recycled PET bottles. Continental is the first tire company to begin mass manufacturing recycled polyester yarn made from PET plastic bottles using a novel technology. Continental said in a release that the new high-performance material would be utilized in certain sizes for the PremiumContact 6, EcoContact 6 summer tires, and the AllSeasonContact tire. In the carcass of the chosen tires, this totally substitutes the traditional polyester. This set of tires is made up of around 40 recycled PET bottles. Continental debuted their in-house ContiRe.Tex technology for the first time in September 2021. It makes use of polyester yarn, which is made from recycled PET bottles without the use of any chemical intermediates and is not recycled in any other manner.
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Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Material
o By Sales Channel
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Nokian Tyres PLC, Bridgestone Corp., Titan International Inc., Balkrishna Industries Ltd., The Yokohama Rubber Co. Ltd., Qingdao Qizhou Rubber Co. Ltd., and Maxam Tire International Ltd., among others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
A full report of Global AUV Tires Market is available at:
https://orionmarketreports.com/global-auv-tires-market/110258/
Global AUV Tires Market Report by Segment
By Material
• Pneumatic Tires
• Solid Tires
• Polyurethane Tires
By Sales Channel
• OEM
• Aftermarket
Company name: Orion Market Reports
Contact person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
About us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
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