United States Advanced Tire Market 2025: Industry Developments, Future Growth, Share & Industry Insights | Sumitomo Corporation, Nokian Tyres plc, CEAT Ltd, Toyo Tire Corporation, Continental AG, Michelin

"Advanced Tire Market is estimated to grow at a CAGR of 15% during the forecast period 2024-2031" As per DataM intelligence research report

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USA - Recent Industry Developments 2025

✅ 2025-01-07 - Goodyear demonstrated a smart-tire system (SightLine) that can sense rain/ice and help trigger vehicle AEB (research/demonstration stage; pitched to OEMs).

✅ 2025-01-07 - Goodyear announced the sale of its Dunlop brand businesses (transaction announced in Jan 2025; part of portfolio reshaping).

✅ 2025-05-22 - Goodyear announced the planned divestiture of parts of its chemical business as part of its transformation (proceeds to reduce leverage / fund initiatives).

✅ 2025-06-23 - Hankook launched the iON HT - its first highway-terrain tire targeted at electric light-duty trucks and full-size SUVs (shown at Electrify Expo, LA).

✅ 2025-07-14 - Kumho Tire boosted U.S. consumer engagement with event/Jeep activations to grow presence in light-truck segments (marketing push / product spotlight in US).

Europe - Recent Industry Developments 2025

✅ 2025-05-06 - Nokian Tyres reported disappointing Q1 results and flagged market uncertainty (tariff concerns & cost pressure), prompting company cost reviews notable headwinds for specialty/sustainable tire players in Europe.

✅ 2025-06-10 (mid-2025 reporting) - Major OEM-grade R&D trends in Europe: continued trials of puncture-free / airless concepts (Bridgestone and Michelin progressing tests - pilot deployments aimed at shuttles/autonomous use).

✅ 2025 (throughout year) - Investment push into low-carbon manufacturing and bio-based materials (Nokian and other EU players investing in low-CO2 factories and bio-fillers/renewable materials).

Japan - Recent Industry Developments 2025

✅ 2025-05-20 - Bridgestone launched a premium Turanza product (Turanza 6 with ENLITEN technology) as part of comfort & efficiency product updates in 2025.

✅ 2025-06-30 - Bridgestone published its "Bridgestone 3.0 Journey 2025" integrated report outlining transformation toward sustainable solutions - heavy focus on materials, electrified mobility and service models.

✅ 2025 (through mid-year) - Yokohama expanded OE partnerships and launched new long-haul / BluEarth commercial tires (new OE deals and BluEarth 718L launch cited in 2025 press).

South Korea - Recent Industry Developments:2025

✅ 2025-02-18 - Hankook showcased advanced EV-tyre tech at the 2025 Jeddah E-Prix, underlining motorsport → production tech transfer for EV performance.

✅ 2025-06-23 - Hankook's iON HT (EV light-truck / SUV tyre) was publicly revealed (also shown in US forum) - part of Hankook's 2025 EV product push.

✅ 2025-05-17 - Kumho Tire suffered a major fire at its Gwangju plant; production was suspended and the event materially disrupted 2025 supply and pushed the company to reallocate capacity - a significant near-term supply shock for OEMs sourcing from Korea.

Key growth drivers:

✅ Vehicle electrification & EV performance needs - EVs place higher demands on tire rolling resistance, heat management and durability; that's accelerating demand for advanced compounds and sensor integration.

✅ Safety & regulatory pressure - increasing emphasis on vehicle safety, TPMS regulations and OEM push for ADAS-compatible components drives adoption of smart/connected tires.

✅ Telematics & predictive maintenance - fleet operators and mobility services are adopting real-time tire data (pressure, temperature, tread wear) to reduce downtime and operating costs.

✅ Sustainability & material innovation - demand for lower rolling resistance, recycled/sustainable rubber and longer-life tread compounds supports R&D and premium advanced-tire segments.

Regional Share:

North America: Large current market share (major OEMs, fleets, early telematics adoption). North America is frequently reported as the largest regional market in recent studies.

Asia-Pacific: Fastest-growing region - strong vehicle production, EV adoption (China, India, S. Korea, Japan) and growing replacement markets make APAC the primary growth battleground.

Europe: Significant due to strict safety/emissions rules and large OEMs; premium passenger and performance segments are important.

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Market Key Players:

Bridgestone Corporation
Continental AG
Michelin
The Goodyear Tyre & Rubber Company
Yokohama Tire Corporation
Sumitomo Corporation
Nokian Tyres plc
CEAT Ltd.
Toyo Tire Corporation
Hebei Huichao Machinery Parts Co

Segment Covered in the Market:

By Type (Pneumatic Tires, Run Flat Tires, Airless Tires, Others)

By Material (Natural Rubber, Synthetic Rubber, Steel, Elastomers, Others)

By Vehicle (Passenger Vehicles, Commercial Vehicles)

Research Process:

Both primary and secondary data sources have been used in the Advanced Tire Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Most Frequently Asked Questions in the Advanced Tire Market Research Industry:

➠ Who leads the Advanced Tire industry and what's their competitive positioning regarding capacity, performance, and profitability?
➠ What growth opportunities and market challenges do Advanced Tire market vendors face?
➠ Which segments show the highest growth potential and market share distribution?
➠ What factors are driving or limiting Advanced Tire market growth?
➠ What are the dominant sales and distribution strategies in the Advanced Tire industry?

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Regional Analysis:

⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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✅ Competitive Landscape
✅ Technology Roadmap Analysis
✅ Sustainability Impact Analysis
✅ KOL / Stakeholder Insights
✅ Consumer Behavior & Demand Analysis
✅ Import-Export Data Monitoring
✅ Live Market & Pricing Trends

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