2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

What Are the Primary Drivers Supporting the Market Growth of theAdvanced Tires Market?

The surge in car manufacturing is poised to fuel the expansion of the advanced tires industry moving forward. The term “automobile production” is used to describe the large-scale industrial production of vehicles, such as cars, trucks, buses, and other motor vehicles. The growth in automobile manufacturing is attributable to rising disposable incomes, customer preferences, autonomous driving features, and personal mobility. Advanced tires elevate the performance, safety, and efficiency of vehicles while also increasing consumer satisfaction. This allows manufacturers to create high-quality, reliable, and eco-friendly vehicles that not only meet current market needs but also comply with regulatory standards. For instance, the European Automobile Manufacturers Association, a professional organization based in Belgium, reported in May 2023 that the total production of passenger cars increased by 8.3% from 10.1 million in 2021 to 10.9 million in 2022. Hence, the advanced tires market is being driven by the uptick in automobile production.

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How Will the Growth Rate of theAdvanced Tires Market Impact Industry Trends by 2034?

The market size of advanced tires has seen a significant increase lately. The value is predicted to rise from $1.24 billion in 2024 to $1.4 billion in 2025 with a compound annual growth rate (CAGR) of 13.0%. The increase in the past few years is due to rising vehicle production and sales, heightened emphasis on fuel efficiency, growing acceptance of electric vehicles, greater demand for high-performance vehicles, and surging urbanization.

The market size for advanced tires is anticipated to experience swift expansion in the coming years, reaching $2.26 billion in 2029 with a compound annual growth rate (CAGR) of 12.7%. Factors contributing to this anticipated growth in the forecast period include the surge in automobile production, expansion of the automotive industry, increased domestic utilization of vehicles equipped with advanced features, heightened awareness about tire safety, and a rise in demand for advanced safety attributes. The projected period will witness certain significant trends such as smart tire technology, self-repairing tires, rapid technological advancements, 3D printing, superior materials, and run-flat tires.

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What Are the Latest Innovations Influencing theAdvanced Tires Market?

Leading firms in the advanced tire market- tire sensors and Internet of Things (IoT) technology are their critical growth avenues- are prioritising innovative advancements to maintain their market position. This groundbreaking IoT tire sensor technology integrates sensors into tires to track various metrics and transmit this data to a central system in real-time, often through wireless networks. For example, Cerebrum Sensor Technologies, a US company specializing in cutting-edge tire sensors, introduced Intelligent Tire Solutions with vehicle and tire original equipment manufacturers (OEMs) in April 2023. This service is the first globally to offer real-time, direct tread depth monitoring adaptable to practically any vehicle tire. Utilizing advanced sensors, the system monitors tire pressure, temperature, and tread wear in real time. Leveraging artificial intelligence and machine learning, it can predict maintenance requirements and potential tire failures, thus increasing safety by notifying drivers or fleet managers about essential issues. The system also provides easy data access through user-friendly mobile applications and web platforms.

Who Are the Major Industry Players Accelerating Growth in theAdvanced Tires Market?

Major companies operating in the advanced tires market are Continental AG, Bridgestone Corporation, Michelin, The Goodyear Tire & Rubber Company, Pirelli & C. SpA, Sumitomo Rubber Industries Ltd., Hankook Tire & Technology Co. Ltd., The Yokohama Rubber Co. Ltd., Zhongce Rubber Group Co. Ltd., Toyo Tire & Rubber Co. Ltd., Kumho Tire Co. Inc., Trelleborg AB, Apollo Vredestein B.V., Giti Tire Pte. Ltd., Cooper Tire & Rubber Company, Titan International Inc., Nexen Tire Corporation, Nokian Tyres plc, Petlas Tire Corporation, Marangoni S.p.A., Nankang Rubber Tire Corporation Ltd., Triangle Group Co. Ltd., Sailun Tire Co. Ltd., Greenball Corporation, Magna Tyres Group, Mitas Tires, Maxam Tire International Ltd.

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Which Primary Segments of the Advanced Tires Market Are Driving Growth and Industry Transformations?

The advanced tires market covered in this report is segmented –

1) By Material: Synthetic Rubber, Aramid and Nylon Reinforcements, Silica-Based Compounds, Steel Belts and Cord Plies, Carbon Black Reinforcement, Other Material

2) By Tire Type: Run-Flat Tires, Radial Tires, Airless Tires, Pneumatic Tires

3) By Technology: Self-Inflating Tires, Chip-Embedded Tires, Multi-Chamber Tires, All-In-One Tires, Self-Sealing

4) By Vehicle Type: Light Duty Vehicle (LDV), Heavy Duty Vehicle (HDV)

Subsegments:

1) By Synthetic Rubber: Styrene-Butadiene Rubber (Sbr), Butadiene Rubber (Br), Isoprene Rubber (Ir), Thermoplastic Elastomers (Tpe), Solution Styrene-Butadiene Rubber (Ssbr)

2) By Aramid And Nylon Reinforcements: Aramid Fiber Reinforcements (Kevlar), Nylon 6 And Nylon 66 Reinforcements, High-Strength Aramid Yarn, Hybrid Reinforcement Materials (Aramid-Nylon Combinations)

3) By Silica-Based Compounds: Silica-Enhanced Tire Compounds For Low Rolling Resistance, Silica-Silane Coupled Compounds, Silica Compounds For Improved Wet Traction And Durability, High-Silica Content Compounds For Fuel Efficiency

4) By Steel Belts And Cord Plies: Steel Belt Reinforcements, Steel Cord Plies For High-Performance Tires, Steel Belted Radial (Sbr) Construction, Steel-Wire Reinforced Tire Cords

5) By Carbon Black Reinforcement: High-Performance Carbon Black, Carbon Black For Wear Resistance And Durability, Carbon Black For Improved Wet Grip And Tread Wear, Low-Volatile Carbon Black For Enhanced Fuel Efficiency

6) By Other Materials: Natural Rubber (Latex), Recycled Rubber, Resin And Oils For Improved Grip, Anti-Ozonants And Antioxidants, Silane And Other Chemical Modifiers

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Which Regions Are Key Players in the Growth of the #What Are the Primary Drivers Supporting the Market Growth of theAdvanced Tires Market?# Market?

North America was the largest region in the advanced tires market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the advanced tires market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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