Advanced Tires MARKET FORECASTS TO 2028 | DRIVERS AND OPPORTUNITIES | KEY PLAYER ANALYSIS Sumitomo Corporation, Continental AG

According to Stratistics MRC, the Global Advanced Tires Market is accounted for $444.97 million in 2023 and is expected to reach $1,729.27 million by 2030 growing at a CAGR of 21.4% during the forecast period.

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Advanced tires are constructed from a variety of materials in different combinations. Modern tires typically have no air and are resistant to punctures. It has a smaller surface contact area than other tires, which improves the vehicle’s fuel economy. Modern tires maintain their traction when the car is moving at a higher speed and are less harmful on wet roads. Additionally, the advanced tire is a new technology that improves tire performance and functionality by detecting road conditions.

Some of the key players in Advanced Tires market include Pirelli & C. S.p.A, Sumitomo Corporation, Continental AG, THE YOKOHAMA RUBBER CO., LTD, Michelin, Hankook Tire & Technology Co.,Ltd., Bridgestone Corporation, The Goodyear Tire & Rubber Company, Nokian Tyres plc. and Toyo Tire Corporation.

Material Types Covered:
• Elastomers
• Steel
• Synthetic Rubber
• Natural Rubber
• Other Material Types

Types Covered:
• Airless Tires
• Run Flat Tires
• Pneumatic Tires
• Other Types

Vehicle Types Covered:
• Industrial Equipment
• Construction & Mining Equipment
• Agricultural Tractors
• Heavy Duty Vehicle
• Light Duty Vehicles
• Other Vehicle Types

Technologies Covered:
• All In One Tires
• Multi Chamber Tires
• Self-Inflating Tires
• Chip Embedded Tires
• Other Technologies

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

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