Advanced Tires Market
Advanced Tires Market - Global Industry Assessment & Forecast
Segments Covered
- By Technology TPMS, Chip-Embedded, Self-Inflating, All-in-one, Multi-Chamber
- By Type Run-flat, Airless, Pneumatic
- By Region North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 298.24 Million |
Revenue 2030: | USD 1011.99 Million |
Revenue CAGR (2023 - 2030): | 16.50% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | Asia Pacific |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Research Methodology: Advanced Tires Market by Technology by Type by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
The primary research was conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills data requirements pertaining to first-hand information on global market size, regional and segmental trends, competitive landscape expertise development, and market understandings among others.
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Advanced Tires market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statics and market size for each segment/sub-segment of the market. Moreover, region-wise product mapping analysis was used to gain some more insights on the competitive trend in the global Advanced Tires market.
FAQ
Frequently Asked Question
What is the global demand for Advanced Tires in terms of revenue?
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The global Advanced Tires valued at USD 298.24 Million in 2022 and is expected to reach USD 1011.99 Million in 2030 growing at a CAGR of 16.50%.
Which are the prominent players in the market?
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The prominent players in the market are Bridgestone (Japan), Continental (Germany), Michelin (France), Pirelli (Italy), Goodyear (US), Sumitomo (Japan), Hankook Tire (South Korea), Yokohama (Japan), Nokian (Finland), Toyo Tire (Japan), and CEAT (India)..
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 16.50% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
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The driving factors of the Advanced Tires include
- Growing Demand for Smart Vehicles
Which region accounted for the largest share in the market?
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Asia Pacific was the leading regional segment of the Advanced Tires in 2022.