Press release
Advanced Tires Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
Advanced Tires
What Is the Expected Advanced Tires Market Size During the Forecast Period?
The advanced tires market has seen strong growth, expected to rise from $1.24 billion in 2024 to $1.4 billion in 2025 at a CAGR of 13.0%, due to higher vehicle production and sales, a focus on fuel economy, EV adoption, demand for high-performance vehicles, and increasing urbanization.
The advanced tires market is expected to increase sharply to $2.26 billion by 2029 at a CAGR of 12.7%. Growth will be propelled by a rise in vehicle manufacturing, increasing demand for advanced safety, and higher consumption of feature-loaded vehicles. Notable trends include smart tire innovations, self-repairing technologies, 3D printing in tire production, and the growth of run-flat tires.
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What Are the High-Growth Segments in the Advanced Tires Market?
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
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What Key Drivers Are Expected to Influence Future Advanced Tires Market Growth?
Growing automobile production is stimulating the advanced tires market. As more vehicles are made-driven by income growth, mobility needs, and innovations like autonomous driving-advanced tires are needed to meet safety and efficiency standards. The European Automobile Manufacturers Association recorded an 8.3% rise in passenger car production in Europe, from 10.1 million in 2021 to 10.9 million in 2022. This upward trend is strengthening the advanced tires market.
Which Companies Hold the Largest Share Across Different Advanced Tires Market Segments?
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.
What Trends Are Driving Growth in The Advanced Tires Market?
Businesses in the advanced tire market are integrating IoT sensor technology into tires to provide real-time data and predictive maintenance. In April 2023, Cerebrum Sensor Technologies introduced Intelligent Tire Solutions featuring AI-driven monitoring of tire pressure, temperature, and tread depth, accessible via apps for safety and operational efficiency.
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What Are the Emerging Geographies for The Advanced Tires Market Growth?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Advanced Tires Market?
2. What is the CAGR expected in the Advanced Tires Market?
3. What Are the Key Innovations Transforming the Advanced Tires Industry?
4. Which Region Is Leading the Advanced Tires Market?
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