Technavio has been monitoring the low rolling resistance tire market and it is poised to grow by USD 53.42 billion during 2020-2024, progressing at a CAGR of over 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Low Rolling Resistance Tire Market 2020-2024 (Graphic: Business Wire)
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Apollo Tyres Ltd., Bridgestone Corp., Continental AG, Cooper Tire Rubber Co., Hankook Tire Technology Co. Ltd., Michelin Group, Pirelli C. Spa, The Goodyear Tire Rubber Co., The Yokohama Rubber Co. Ltd., and ZHONGCE RUBBER GROUP Co. Ltd. are some of the major market participants. The vehicle weight reduction offered by wide-base LRR tires will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Vehicle weight reduction offered by wide-base LRR tires has been instrumental in driving the growth of the market.
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Low Rolling Resistance Tire Market 2020-2024: Segmentation
Low Rolling Resistance Tire Market is segmented as below:
- End-user
- Aftermarket
- OEMs
- Geographic Landscape
- APAC
- Europe
- MEA
- North America
- South America
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Low Rolling Resistance Tire Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our low rolling resistance tire market report covers the following areas:
- Low Rolling Resistance Tire Market Size
- Low Rolling Resistance Tire Market Trends
- Low Rolling Resistance Tire Market Analysis
This study identifies the growing popularity of nanotechnology to reduce rolling resistance as one of the prime reasons driving the low rolling resistance tire market growth during the next few years.
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Low Rolling Resistance Tire Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist low rolling resistance tire market growth during the next five years
- Estimation of the low rolling resistance tire market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the low rolling resistance tire market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of low rolling resistance tire market vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Value Chain Analysis
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market Outlook
- Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY END-USER
- Market segmentation by end-user
- Comparison by end-user
- Aftermarket Market size and forecast 2019-2024
- OEMs Market size and forecast 2019-2024
- Market opportunity by end-user
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- Europe Market size and forecast 2019-2024
- North America Market size and forecast 2019-2024
- APAC Market size and forecast 2019-2024
- South America Market size and forecast 2019-2024
- MEA Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Growing focus toward reducing rolling resistance of tires
- Development of LRR tires for electric CVs
- Growing popularity of nanotechnology to reduce rolling resistance
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Apollo Tyres Ltd.
- Bridgestone Corp.
- Continental AG
- Cooper Tire Rubber Co.
- Hankook Tire Technology Co. Ltd.
- Michelin Group
- Pirelli C. Spa
- The Goodyear Tire Rubber Co.
- The Yokohama Rubber Co. Ltd.
- ZHONGCE RUBBER GROUP Co. Ltd.
PART 14: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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