Leading Growth Driver in the Advanced Tires Market in 2025: Impact Of Increasing Automobile Production On The Growth Of The Advanced Tires Market Driver's Influence

What combination of drivers is leading to accelerated growth in the advanced tires market?
The expansion of the advanced tire market is predicted to be fueled by the rise in automobile production. The production of automobiles entails the large-scale industrial fabrication of various motor vehicles like cars, trucks, buses, and more. A surge in disposable income, customer preferences, the capacity for autonomous driving, and personal mobility are all contributing factors to this increase in production. Advanced tires have been instrumental in improving the performance, safety, and efficiency of vehicles while ensuring customer satisfaction. They also help manufacturers in creating high-quality, reliable, environmentally sustainable vehicles which are in alignment with present market expectations and regulatory norms. For example, a European Automobile Manufacturers Association report in May 2023 confirmed that the total number of passenger cars produced increased 8.3% from 10.1 million in 2021 to 10.9 million in 2022. This spike in automobile production is, therefore, a driving force behind the growing advanced tires market.

Get Your Advanced Tires Market Report Here:
https://www.thebusinessresearchcompany.com/report/advanced-tires-global-market-report

What is the projected compound annual growth rate (CAGR) of the advanced tires market from 2025 to 2034, and what factors influence it?
The size of the advanced tires market has seen swift expansion in the past few years. The market is forecasted to surge from $1.24 billion in 2024 to $1.4 billion in 2025, boasting a compound annual growth rate (CAGR) of 13.0%. Several factors have contributed to this rise during the historic period including boosted vehicle production and sales, a growing emphasis on fuel efficiency, rising adoption rates of electric vehicles, heightened demand for high-performance vehicles, and escalating urbanization.

In the upcoming years, the advanced tires market is predicted to experience rapid expansion, rising to $2.26 billion in 2029 at a Compound Annual Growth Rate (CAGR) of 12.7%. Factors contributing to this growth during the forecast period include an upsurge in automobile production, growth of the automotive industry, heightened domestic demand for vehicles with advanced features, increased awareness about tire safety, and a spike in the need for sophisticated safety features. The forecast period is expected to see significant trends such as smart tire technology, self-healing tires, rapid technological advancements, 3d printing with advanced materials, and the increased use of run-flat tires.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16329&type=smp

How are the latest trends influencing the growth of the advanced tires market?
Leading corporations in the advanced tire industry are concentrating their efforts on creating breakthrough technologies, such as IoT tire sensor technology, to maintain their market standing. The concept of IoT (Internet of Things) tire sensor technology involves integrating sensors into tires to oversee different parameters and relay data to a central system in real-time, typically through wireless networks. For example, Cerebrum Sensor Technologies, a U.S. based enterprise offering inventive tire sensors, unveiled Intelligent Tire Solutions for car and tire original equipment manufacturers (OEMs) in April 2023. This solution, the first of its kind in the world, facilitates real-time, direct tread depth monitoring that is adaptable to essentially any vehicle tire. The system employs cutting-edge sensors to record real-time tire pressure, temperature, and tread erosion. By utilizing AI and machine learning, it anticipates maintenance needs and possible tire malfunctions - ensuring safety through timely alerts to drivers or fleet managers about serious concerns. It provides simple access to data through user-friendly mobile apps and online platforms.

What are the major segments of the advanced tires market and their role in driving growth?
The advanced tires market covered in this report is segmented -

1) By Material: Synthetic Rubber, Aramid and Nylon Reinforcements, Silica-Based Compounds, Steel Belts and Cord Plies, Carbon Black Reinforcement, Other Material
2) By Tire Type: Run-Flat Tires, Radial Tires, Airless Tires, Pneumatic Tires
3) By Technology: Self-Inflating Tires, Chip-Embedded Tires, Multi-Chamber Tires, All-In-One Tires, Self-Sealing
4) By Vehicle Type: Light Duty Vehicle (LDV), Heavy Duty Vehicle (HDV)

Subsegments:
1) By Synthetic Rubber: Styrene-Butadiene Rubber (Sbr), Butadiene Rubber (Br), Isoprene Rubber (Ir), Thermoplastic Elastomers (Tpe), Solution Styrene-Butadiene Rubber (Ssbr)
2) By Aramid And Nylon Reinforcements: Aramid Fiber Reinforcements (Kevlar), Nylon 6 And Nylon 66 Reinforcements, High-Strength Aramid Yarn, Hybrid Reinforcement Materials (Aramid-Nylon Combinations)
3) By Silica-Based Compounds: Silica-Enhanced Tire Compounds For Low Rolling Resistance, Silica-Silane Coupled Compounds, Silica Compounds For Improved Wet Traction And Durability, High-Silica Content Compounds For Fuel Efficiency
4) By Steel Belts And Cord Plies: Steel Belt Reinforcements, Steel Cord Plies For High-Performance Tires, Steel Belted Radial (Sbr) Construction, Steel-Wire Reinforced Tire Cords
5) By Carbon Black Reinforcement: High-Performance Carbon Black, Carbon Black For Wear Resistance And Durability, Carbon Black For Improved Wet Grip And Tread Wear, Low-Volatile Carbon Black For Enhanced Fuel Efficiency
6) By Other Materials: Natural Rubber (Latex), Recycled Rubber, Resin And Oils For Improved Grip, Anti-Ozonants And Antioxidants, Silane And Other Chemical Modifiers

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16329

Which regions are key players in the growth of the advanced tires market?
North America was the largest region in the advanced tires market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the advanced tires market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the key firms paving the way for growth in the advanced tires market?
Major companies operating in the advanced tires market are Continental AG, Bridgestone Corporation, Michelin, The Goodyear Tire & Rubber Company, Pirelli & C. SpA, Sumitomo Rubber Industries Ltd., Hankook Tire & Technology Co. Ltd., The Yokohama Rubber Co. Ltd., Zhongce Rubber Group Co. Ltd., Toyo Tire & Rubber Co. Ltd., Kumho Tire Co. Inc., Trelleborg AB, Apollo Vredestein B.V., Giti Tire Pte. Ltd., Cooper Tire & Rubber Company, Titan International Inc., Nexen Tire Corporation, Nokian Tyres plc, Petlas Tire Corporation, Marangoni S.p.A., Nankang Rubber Tire Corporation Ltd., Triangle Group Co. Ltd., Sailun Tire Co. Ltd., Greenball Corporation, Magna Tyres Group, Mitas Tires, Maxam Tire International Ltd.

Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=16329&type=smp

What Is Covered In The Advanced Tires Global Market Report?

•Market Size Forecast: Examine the advanced tires market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the advanced tires market for a structured understanding.
•Key Players Overview: Analyze major players in the advanced tires market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the advanced tires market.
•Segment Contributions: Evaluate how different segments drive overall growth in the advanced tires market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the advanced tires market.
•Industry Challenges: Identify potential risks and obstacles affecting the advanced tires market.
•Competitive Landscape: Review strategic developments in the advanced tires market, including expansions, agreements, and new product launches.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.