Press release
Advanced Tires Market Companies and Regional Average Pricing Analysis by 2030
According to a recent report published by Allied Market Research, titled, "Advanced tires Market by Material Type, Type, Technology and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2020–2030," the global advanced tires market size is anticipated to value at $248.7 million in 2020, and is projected to reach $1,349.7 million by 2030, registering a CAGR of 18.4% from 2020 to 2030
Request Sample PDF of Advanced Tire Report At https://www.alliedmarketresearch.com/request-sample/5587
Presently, Asia-Pacific dominates the market, followed by Europe, North America, and LAMEA. China will dominate the Asia-Pacific advanced tires market share in 2020 and is anticipated to exhibit a remarkable growth during the forecast period.
A damaged or worn tire on a moving vehicle is a hazard for passengers as well as pedestrians. There are number of accidents in history due to the overlooked damaged tire conditions which led to serious hazards. For instance, in 2016, tire related incidents on the British roads led to 120 serious injuries and 8 fatalities according to Highways England, the government-owned company in charge of improving and maintaining the country’s A-roads and motorways. In addition, government figures also suggest that one out of twelve tires installed on heavy duty vehicles are not in suitable condition of functioning. Thus, to avoid such accidents, leading tires manufacturers such as Bridgestone, Goodyear, Michelin, and Continental are working with a focus on development of software and sensors platforms to monitor and measure tire performance.
Enquire More About Advanced Tire Market Report At https://www.alliedmarketresearch.com/purchase-enquiry/5587
On the basis of type, the pneumatic tires segment would hold around one-third of the total revenue of the global advanced tires market in 2020, and is estimated to maintain lead throughout the forecast period. On the other hand, the run flat tires segment is expected to witness the fastest CAGR of 20.1% from 2020 to 2030.
Pneumatic tires have gained huge demand in the automotive industry owing to its increased self-life feature. Pneumatic tires are rubber tires filled with compressed air that enhance the tires loading capacity and improve the overall performance of the vehicle. Raw materials used for manufacturing pneumatic tires include natural rubber, synthetic rubber, carbon black, steel wire, petrochemicals reinforcing materials (fabric, steel, polyester, nylon, and rayon), fabric cord, and wires. The Pneumatic tire market has witnessed increased demand primarily due to significant increase in automobile production and a subsequent rise in the demand of tires for the replacement purpose. However, rise in trend of retreading tires and fluctuating raw material prices hinders the growth of the pneumatic tires market worldwide.
Key market players active in the market include Bridgestone Corporation, Michelin, Continental AG, The Goodyear Tire & Rubber Company, Pirelli & C. S.p.A, Nokian Tyres plc, The Yokohama Rubber Co., Ltd., Sumitomo Corporation, Hankook Tire & Technology Co., Ltd., Toyo Tire Corporation, and others.
Report Customization @ https://www.alliedmarketresearch.com/request-for-customization/5587
Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research
About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
Request Sample PDF of Advanced Tire Report At https://www.alliedmarketresearch.com/request-sample/5587
Presently, Asia-Pacific dominates the market, followed by Europe, North America, and LAMEA. China will dominate the Asia-Pacific advanced tires market share in 2020 and is anticipated to exhibit a remarkable growth during the forecast period.
A damaged or worn tire on a moving vehicle is a hazard for passengers as well as pedestrians. There are number of accidents in history due to the overlooked damaged tire conditions which led to serious hazards. For instance, in 2016, tire related incidents on the British roads led to 120 serious injuries and 8 fatalities according to Highways England, the government-owned company in charge of improving and maintaining the country’s A-roads and motorways. In addition, government figures also suggest that one out of twelve tires installed on heavy duty vehicles are not in suitable condition of functioning. Thus, to avoid such accidents, leading tires manufacturers such as Bridgestone, Goodyear, Michelin, and Continental are working with a focus on development of software and sensors platforms to monitor and measure tire performance.
Enquire More About Advanced Tire Market Report At https://www.alliedmarketresearch.com/purchase-enquiry/5587
On the basis of type, the pneumatic tires segment would hold around one-third of the total revenue of the global advanced tires market in 2020, and is estimated to maintain lead throughout the forecast period. On the other hand, the run flat tires segment is expected to witness the fastest CAGR of 20.1% from 2020 to 2030.
Pneumatic tires have gained huge demand in the automotive industry owing to its increased self-life feature. Pneumatic tires are rubber tires filled with compressed air that enhance the tires loading capacity and improve the overall performance of the vehicle. Raw materials used for manufacturing pneumatic tires include natural rubber, synthetic rubber, carbon black, steel wire, petrochemicals reinforcing materials (fabric, steel, polyester, nylon, and rayon), fabric cord, and wires. The Pneumatic tire market has witnessed increased demand primarily due to significant increase in automobile production and a subsequent rise in the demand of tires for the replacement purpose. However, rise in trend of retreading tires and fluctuating raw material prices hinders the growth of the pneumatic tires market worldwide.
Key market players active in the market include Bridgestone Corporation, Michelin, Continental AG, The Goodyear Tire & Rubber Company, Pirelli & C. S.p.A, Nokian Tyres plc, The Yokohama Rubber Co., Ltd., Sumitomo Corporation, Hankook Tire & Technology Co., Ltd., Toyo Tire Corporation, and others.
Report Customization @ https://www.alliedmarketresearch.com/request-for-customization/5587
Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research
About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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