"Market Intelligence for High-Geared Performance"

Low Rolling Resistance Tire Market Size, Share & Industry Analysis, By Application Type (On-Road, Off-Road), By Vehicle Type (PC, LCV, HCV) Others and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI102212 | Status : Ongoing

 

KEY MARKET INSIGHTS

A low rolling resistance reduces the energy loss by tire owing to rolling. Graphene material is used in tires to minimize the rolling effect of the tire, and this will help to lower the fuel consumption. An advanced design of the low rolling resistance tires guarantees better traction for the vehicles to drive safely on wet or dry roads. The design on the outer side of the tire ensures better traction. Lowering the rolling effect of the tire leads to an increase in fuel efficiency by 5% to 10% of the vehicle. The conventional tires have a deeper tread pattern that is designed for a safe driving experience on rough terrains, while low rolling resistance tires are considered more suitable for flat and smooth highways. Drivers can enjoy a safe drive regardless of high-speed parameters.


Up Arrow

Key Market Driver -

The increasing demand for the fuel-efficient vehicles will drive the growth of the market.

Down Arrow

Key Market Restraint -

High cost of the low rolling resistance tires as compared to normal tires is expected to be hindrance to the growth of the market


The increasing demand for fuel-efficient vehicles is also expected to drive the low rolling resistance tire market over the forecast period. The government regulations regarding the tires to lower the carbon product is likely to boost the demand for the low rolling resistance tires. The rising production and sales of passenger and light commercial vehicles globally are also anticipated to propel the automotive low rolling resistance tire market. All these factors are expected to help to drive the growth of the automotive low rolling resistance tire market.       

The high cost of the low rolling resistance tires compared to the standard tires is expected to hamper the growth of the low rolling resistance tire market during the forecast period.

Key Players Covered in the Automotive Low Rolling Resistance Tires Market:


Some of the major companies that are present in the automotive low rolling resistance tires market include Bridgestone Corporation, Continental AG, Michelin, The Goodyear Tire & Rubber Company, Madras Rubber Factory, among others.

The global automotive low rolling resistance tires market has been segmented into application type, vehicle type, and region. By application type, the global automotive low rolling resistance tire market is segmented into on-road and off-road type. The on-road application segment is expected to dominate the low rolling resistance tire market over the forecast period owing to an increase in demand for the tires in the passenger car segment. The off-road application segment is also expected to show steady growth in this market over the forecast period. By vehicle type, further, the global automotive low rolling resistance tire market has been segmented into PC, LCV, and HCV. The passenger car segment is expected to dominate the market over the forecast period. The increasing demand for fuel-efficient vehicles and increasing awareness regarding air pollution among the consumers is expected to boost the growth of this segment. The LCV and HCV segment is also expected to show steady growth in this market over the forecast period.

Regional Analysis:


To gain extensive insights into the market, Request for Customization


Geographically, the automotive low rolling resistance tire market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Asia Pacific is anticipated to dominate the market over the forecast period. The increasing sales and production of the vehicles in this region have led to good growth in this market. Europe is also expected to show good growth in this market owing to stringent regulation by government bodies regarding the vehicle emission and increasing demand for the fuel-efficient vehicles by the consumers from this region is likely to drive the market in this region over the forecast period. North America is also anticipated to show steady growth in the automotive low rolling resistance tires market over the forecast period.

Segmentation






















 ATTRIBUTE

  DETAILS

By Application Type

  • On-Road

  • Off-Road

By Vehicle Type

  • PC

  • LCV

  • HCV

By Geography

  • North America (USA, Canada, and Mexico)

  • Europe (Germany, France, U.K., and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)

  • Rest of the World

Key Industry Developments:



  • April 2019: MRF introduced new tire segment –‘ Nylogrip Ezeeride’ for the motorcycle. This tire will make riding comfortable and smoothly while driving on straight road as well as cornering. This tire also ensures traction guarantees on the wet roads.





Key Questions Answer REQUEST SAMPLE
Why to Choose Fortune Business Insights SPEAK TO ANALYST
Low Rolling Resistance Tire Market Report
  • Ongoing
  • 2023
  • 2019-2022
  • Pre Book
Multi-report Purchase Plan
    A Customized Plan Will be Created Based on the number of reports you wish to purchase
Automotive & Transportation Clients
GM
Deloitee
Hitachi
Bosch
Asahi
Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X