Low Rolling Resistance Tire Market – Industry Trends and Forecast to 2030

Global Low rolling resistance tire Market, By Type (Bias, Radial, Tubeless, 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) – Industry Trends and Forecast to 2030.

Data Bridge Market Research analyses that the low rolling resistance tire market is expected to reach USD 46.03 billion by 2030, which is USD 17.94 billion in 2022, at a CAGR of 12.50% during the forecast period. 

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The global low rolling resistance tire market is experiencing significant growth due to the increasing awareness about environmental sustainability and a rise in demand for fuel-efficient vehicles. These tires are designed to minimize the energy loss as the tire rolls, resulting in improved fuel efficiency and reduced carbon emissions. The market is driven by strict government regulations aimed at reducing greenhouse gas emissions and promoting eco-friendly transportation solutions. Additionally, the growing emphasis on reducing operating costs and improving overall vehicle performance is boosting the adoption of low rolling resistance tires among consumers and fleet operators.

**Segments**

- **By Tire Type:**
- Radial Tires
- Bias Tires

- **By Vehicle Type:**
- Passenger Vehicles
- Commercial Vehicles

- **By Sales Channel:**
- OEM
- Aftermarket

- **By Region:**
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa

Low rolling resistance tires have gained popularity in the passenger vehicle segment due to their benefits in terms of fuel efficiency and reduced carbon footprint. Commercial vehicles are also increasingly adopting these tires to cut down on operational costs and comply with environmental regulations. The OEM sales channel dominates the market as automakers are actively integrating these tires into new vehicles to enhance their eco-friendly image and appeal to environmentally conscious consumers.

**Market Players**

- Bridgestone Corporation
- Michelin Group
- Continental AG
- The Goodyear Tire & Rubber Company
- Pirelli & C. S.p.A.
- Sumitomo Rubber Industries, Ltd.
- Hankook Tire & Technology Co., Ltd.
- Yokohama Rubber Co., Ltd.
- Toyo Tire Corporation
- Kumho Tire Co., Inc.

These key market players are actively involved in research and development activities to introduce innovative low rolling resistance tire technologies and enhance their product portfolios. Collaborations, partnerships, and strategic acquisitions are some of the common strategies adopted by these companies to strengthen their market position andThe global low rolling resistance tire market is witnessing a steady rise in demand across various regions, driven primarily by the increasing focus on environmental sustainability and fuel efficiency. With stringent regulations in place to curb carbon emissions and promote the adoption of eco-friendly transportation solutions, the market for low rolling resistance tires is set to experience continued growth in the coming years. As consumers and fleet operators seek ways to reduce operating costs and improve overall vehicle performance, the appeal of these tires is expected to further fuel market expansion.

In terms of tire type segmentation, both radial tires and bias tires play a significant role in the low rolling resistance tire market. Radial tires, known for their durability and fuel efficiency, are particularly favored in passenger vehicles, where the emphasis on reducing fuel consumption is high. On the other hand, bias tires also find application in various vehicle types, catering to specific needs within the commercial vehicle segment. The differentiation in tire types allows manufacturers to target a wider range of consumers with tailored solutions that align with different vehicle requirements.

The vehicle type segmentation of the low rolling resistance tire market further highlights the diverse applications of these tires. While passenger vehicles dominate the market due to their high volume and consumer demand for fuel-efficient options, commercial vehicles are also embracing low rolling resistance tires to optimize fuel consumption and comply with environmental standards. The shift towards eco-friendly transportation solutions is evident in both segments, driving the overall adoption of these tires across the automotive industry.

When considering the sales channel segmentation, the OEM channel holds a significant share in the low rolling resistance tire market. Original Equipment Manufacturers play a crucial role in integrating these tires into new vehicles, reflecting the industry's commitment to promoting sustainable practices and meeting regulatory requirements. As automakers prioritize eco-friendly features to attract environmentally conscious consumers, the demand for low rolling resistance tires through OEM channels is likely to remain robust.

In conclusion, the global low rolling resistance tire market is poised for continued growth, driven by increasing awareness of environmental concerns and the pursuit of fuel-efficient transportation solutions. With key players investing

Global Low rolling resistance tire Market, By Type (Bias, Radial, Tubeless, 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) – Industry Trends and Forecast to 2030.

The global low rolling resistance tire market is witnessing a significant surge in demand, primarily attributed to the growing emphasis on environmental sustainability and fuel efficiency in the automotive industry. This market is segmented by tire type, vehicle type, sales channel, and region, offering a comprehensive view of the industry landscape. Key market players such as Bridgestone, Michelin, Continental, and others are actively engaged in research and development efforts to introduce advanced technologies in low rolling resistance tires. Collaboration and strategic partnerships are common strategies adopted by these companies to strengthen their market presence.

The market segmentation based on tire type delineates the importance of both radial and bias tires in catering to specific vehicle requirements. Radial tires are favored for their durability and fuel efficiency, particularly in passenger vehicles, whereas bias tires find applications in various vehicle types within the commercial segment. This diverse array of tire types allows manufacturers to target a wider consumer base and meet specific industry needs effectively.

In terms of vehicle type segmentation,

 

Key Coverage in the Low Rolling Resistance Tire Market Report:

• Detailed analysis of Global Low Rolling Resistance Tire Market by a thorough assessment of the technology, product type, application, and other key segments of the report
• Qualitative and quantitative analysis of the market along with CAGR calculation for the forecast period
• Investigative study of the market dynamics including drivers, opportunities, restraints, and limitations that can influence the market growth
• Comprehensive analysis of the regions of the Low Rolling Resistance Tire industry and their futuristic growth outlook
• Competitive landscape benchmarking with key coverage of company profiles, product portfolio, and business expansion strategies

Table of Content:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Global Low Rolling Resistance Tire Market Landscape

Part 04: Global Low Rolling Resistance Tire Market Sizing

Part 05: Global Low Rolling Resistance Tire Market Segmentation by Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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