The technologies in automotive tires have undergone significant change in recent years, with pneumatic tires to airless tires. The rising wave of new technologies, such as radial and bias tire manufacturing technologies is creating significant potential for automotive tire in various vehicle platforms in view of transportation, flexible sidewalls, and reduced fuel consumption due to less rolling resistance.
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In the automotive tire market, various technologies, such as radial and bias, are used in passenger cars, light commercial vehicles, and heavy commercial vehicles. Increasing vehicle production and sales, higher demand for low rolling resistance tires, growth in per capita vehicle ownership, adoption of advanced tire manufacturing technology, and increasing need to improve road safety are creating new opportunities for various automotive tire technologies.
Lucintel, a leading global Management Consulting and market research firm with over 1,000 clients worldwide, has analyzed the technologies used in the automotive tire market, and it has now published a comprehensive research report titled “Technology Landscape, Trends and Opportunities in the Global Automotive Tire Market 2019-2024”. This report analyzes technology maturity, degree of disruption, competitive intensity, market potential and other parameters of various technologies in the automotive tire market.
Lucintel study finds that automotive tire technology is forecast to grow at a CAGR of 7% from 2019 to 2024. Radial tire is the largest segment of this market and is growing at above average growth. MRF Tyres, JK Tyre & Industries, Continental, Bridgestone Corporation, Sumitomo Rubber Industries, Michelin group, Toyo Tire & Rubber, Goodyear Tire and Rubber Company, and Ceat are among the major technology providers in the automotive tire market.
The Lucintel report serves as a catalyst for growth as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes technology readiness, competitive intensity, regulatory compliance, disruption potential, trends, forecasts and strategic implications for the global automotive tire technology by application, technology, and region as follows:
Technology Readiness by Technology Type
Competitive Intensity and Regulatory Compliance
Disruption Potential by Technology Type
Trends and Forecasts by Technology Type [$M shipment analysis from 2013 to 2024]:
Technology Trends and Forecasts by Application [$M shipment analysis from 2013 to 2024]:
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Technology Trends and Forecasts by Region [$M shipment analysis for 2013 to 2024]:
United States
Canada
Mexico
United Kingdom
Germany
France
Japan
China
South Korea
India
Latest Developments and Innovations in the Automotive Tire Technologies
Companies / Ecosystems
Strategic Opportunities by Technology Type
This more than 150-pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/technology-automotive-tire-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.