Low Rolling Resistance Tire Market is expected to undergo a CAGR of 1.20% during the forecast period 2021 to 2030.
Market Analysis and Insights Low Rolling Resistance Tire Market
A low-rolling resistance tire is a type of tire which is mainly designed to make as little friction as possible between the road surface and rubber. This enables the tires to move more easily, which can improve the vehicles' performance and fuel economy. They are made up of special rubber compounds which help to reduce energy losses owing to friction between road surface and the tire, thereby improving efficiency of vehicle. Low-rolling resistance tires are used in trucks, cars, buses and other vehicles that require to travel long distances.
The major manufacturers of low rolling resistance tire majorly rely on offering new products equipped with the latest low rolling resistance gripping technology to expand their presence. For instance, Bridgestone Corporation delivers the ECOPIA low rolling resistance tire designs for light automobiles. Its eco-friendly design enables superior road performance, aiding higher safety and fuel efficiency. Moreover, ECOPIA also decreases the production of harmful emissions of carbon dioxide and allowing for reduced rolling resistance. Thus, increase in offering new products by major manufacturers is anticipated to drive the market growth rate during the forecast period.
Low Rolling Resistance Tire Market Scope
The low rolling resistance tire market is segmented based on the type, vehicle type, width type, sales channel and application type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
· Bias
· Tube
· Others
Vehicle Type
· Passenger Vehicle
· Light Commercial Vehicle
· Heavy Commercial Vehicle
Width Type
· Dual Type
· Wide Band Type
Sales Channel
· OEM
· Aftermarket
Application Type
· On-Road
· Off Road
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Low Rolling Resistance Tire Market Country Level Analysis
The countries covered in the low rolling resistance tire market report are report U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
Competitive Landscape and Low Rolling Resistance Tire Market Share Analysis
The Low Rolling Resistance Tire Market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Low Rolling Resistance Tire Market.
Key Players Low Rolling Resistance Tire Market
- Bridgestone Corporation (Japan)
- The Goodyear Tire & Rubber Company (U.S.)
- Sumitomo Rubber Industries, Ltd (Japan)
- Pirelli & C. S.p.A. (Italy)
- Hankook Tire & Technology (South Korea)
- MICHELIN (France)
- Continental AG (Germany)
- Trelleborg AB (publ) (Sweden)
- The Yokohama Rubber Co. Ltd (Japan)
- APOLLO TYRES LTD (India)
- Maxxis International–USA. (U.S.)
- Marangoni S.p.A (Italy)
- MRF Limited (India)
- Cooper Tire & Rubber Company (U.S.)
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MAJOR TOC OF THE REPORT
- Chapter One: Introduction
- Chapter Two: Market Segmentation
- Chapter Three: Market Overview
- Chapter Four: Executive Summary
- Chapter Five: Premium Insights
- Chapter Six: Global Low Rolling Resistance Tire Market by Product & Procedure type
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