Low Rolling Resistance Tire Market Growth 2022 to 2031, Global Industry Size, Recent Trends, Demand and Share Analysis

New York, Global Low Rolling Resistance Tire Market report from Global Insight Services is the single authoritative source of intelligence on Low Rolling Resistance Tire Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

A low rolling resistance tire is a type of tire that is designed to minimize the energy lost as the tire rolls. This is achieved by reducing the amount of friction between the tire and the road. The benefits of low rolling resistance tires include improved fuel economy and reduced emissions.

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Key Trends

The key trends in Low Rolling Resistance Tire technology are the following:

1. The development of new materials:

Low Rolling Resistance Tires (LRR tires) are made from a variety of different materials, including synthetic rubber, silica, and carbon black. The use of these materials allows for the tires to have a lower rolling resistance, which results in fuel savings and reduced emissions.

2. The use of new tread designs:

LRR tires typically have a different tread design than traditional tires. The tread is designed to minimize the contact area between the tire and the road, which reduces the rolling resistance.

3. The use of new tire constructions:

LRR tires often have a different construction than traditional tires. The construction of the tire is designed to minimize the deformation of the tire during use, which also reduces the rolling resistance.

4. The use of new manufacturing processes:

LRR tires are often manufactured using different processes than traditional tires. The manufacturing process is designed to minimize the amount of material waste and to improve the overall quality of the tire.

Key Drivers

Low Rolling Resistance Tire market is expected to be driven by the increasing fuel efficiency standards and the need for reducing emissions. Low Rolling Resistance Tire helps in reducing the rolling resistance of the vehicle, which in turn, helps in saving fuel and reducing emissions. In addition, the growing demand for fuel-efficient vehicles is expected to drive the growth of the Low Rolling Resistance Tire market.

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Market Segments

The Low Rolling Resistance Tire Market is segmented by vehicle type, width, sales channel, and region. By vehicle type, the market is divided into passenger vehicle, light commercial vehicle, and heavy commercial vehicle. Based on width, it is bifurcated into dual type and width band type. On the basis of sales channel, it is classified into OEM and aftermarket. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players

The Low Rolling Resistance Tire Market includes players such as Bridgestone CorporationThe Goodyear Tire & Rubber CompanySumitomo Rubber Industries Ltd.Pirelli & C S.p.AHankook TireMICHELINContinental AGTrelleborg ABThe Yokohama Rubber Co. Ltd. and Apollo Tyres Ltd.

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