Major Growth Driver Identified in 2025 Advanced Tires Market: Impact Of Increasing Automobile Production On The Growth Of The Advanced Tires Market

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Advanced Tires Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the past years, the market size for advanced tires has quickly expanded. The market value which was $1.24 billion in 2024, is set to escalate to $1.4 billion in 2025, with a compound annual growth rate (CAGR) of 13.0%. Several factors contributed to this growth in the historic period, including surging vehicle production and sales, heightened focus on fuel efficiency, growing popularity of electric vehicles, higher demand for high-performance vehicles and increased urbanization.

Advanced Tires Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the advanced tires market is anticipated to experience significant growth, reaching $2.26 billion in 2029 with a compound annual growth rate (CAGR) of 12.7%. The expansion predicted during for this period can be linked to multiple factors such as increasing production of automobiles, growth in the automotive industry, a rise in domestic consumption of vehicles with high-end features, growing awareness about tire safety, and an increased demand for sophisticated safety features. The forecast period will also see key trends like smart tire technology, self-repairing tires, rapid technological advancements, 3D printing and innovative materials, and the rise of run-flat tires.

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What Are the Drivers Transforming the Advanced Tires Market?
The advanced tires market is predicted to expand due to the growing production of automobiles. Large-scale industrial facilities are producing an increasing number of vehicles such as cars, trucks, and buses, contributing to this trend. Factors fuelling this include rising disposable incomes, customer preferences, the advent of autonomous driving, and personal mobility. Advanced tires contribute to the improvement of vehicle performance, safety, efficiency, and consumer contentment, allowing manufacturers to deliver high-quality, dependable, and eco-friendly vehicles that meet contemporary market expectations and regulatory standards. For example, the European Automobile Manufacturers Association, a professional organization based in Belgium, reported in May 2023 that the total production of passenger cars increased by 8.3% from 10.1 million in 2021 to 10.9 million in 2022. Consequently, the accelerated production of automobiles is promoting the expansion of the advanced tires market.

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What Long-Term Trends Will Define the Future of the Advanced Tires Market?
Leading enterprises functioning in the sophisticated tire market are adopting groundbreaking technologies such as IoT tire sensor technology to retain their market stance. IoT tire sensor technology utilizes built-in sensors in tires to track multiple parameters and share data instantly with a centralized system, usually via wireless networks. In an example from April 2023, Cerebrum Sensor Technologies, an American firm that provides cutting-edge tire sensors, released Intelligent Tire Solutions in partnership with vehicle and tire original equipment manufacturers (OEMs). Their product is the first of its kind to monitor tire tread depth in real-time and can be adapted to almost any type of vehicle tire. This revolutionary system employs superior sensors to track tire pressure, temperature, and tread wear in real-time. By using AI and machine learning, it can anticipate maintenance requirements and possible tire breakdowns, thus improving safety by notifying drivers or fleet managers of urgent issues. The data is readily accessible through user-friendly mobile applications and web platforms.

Which Segments in the Advanced Tires Market Offer the Most Profit Potential?
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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Which Firms Dominate the Advanced Tires Market by Market Share and Revenue in 2025?
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.

Which Regions Offer the Highest Growth Potential in 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.

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