One report  estimates the advanced tires market will grow from ~USD 1.3 billion in 2023 to USD 3.2 billion by 2030 at a CAGR of ~14.4%.

The Advanced Tire Market is divided by tire type (Pneumatic Tires, Run-Flat Tires, Airless Tires, Others), materials (Natural Rubber, Synthetic Rubber, Steel, Elastomers, Others), vehicle type (Passenger Vehicles, Commercial Vehicles), and region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa).

While the report summary does not provide specific numbers for 2021 or 2022 in the public preview, it mentions that the market is expected to grow at a steady annual rate from 2022 to 2029.

Sample link- https://www.datamintelligence.com/download-sample/advanced-tire-market

Market Overview

Advanced tires are designed with technologies beyond basic tire construction. These may include sensors that monitor air pressure, temperature, strain, acceleration, or tread wear. Types of advanced tires include run-flat tires, airless tires, pneumatic tires with integrated sensors, and other specialized options.

The main benefits include improved safety through warnings about low pressure or temperature issues, better performance in different conditions, and sometimes greater durability. There is also growing interest in reducing carbon footprints, improving driver convenience, and enhancing vehicle control on rough roads or variable surfaces. Technologies like tire pressure monitoring, self-inflating tires, and multimodal sensor systems contribute to this progress.

Market Segmentation

By Type: Pneumatic Tires, Run-Flat Tires, Airless Tires, Others

By Material: Natural Rubber, Synthetic Rubber, Steel, Elastomers, Others

By Vehicle: Passenger Vehicles, Commercial Vehicles

By Region: North America, Latin America, Europe, Asia Pacific, Middle East & Africa

Market Drivers

Safety & Vehicle Performance Demands

Drivers and manufacturers want enhanced safety features. Sensors in tires that monitor pressure, temperature, tread wear, and strain help reduce risks. Features like self-inflating tires, real-time monitoring, and chip-embedded systems support this need.

Technological Innovation

New materials, sensors, embedded chips, better adhesives, and improved designs are making advanced tires more reliable. These developments enable tires to perform well in extreme temperatures, resist wear, and provide better handling on uneven roads or under tough conditions.

Regulatory & Environmental Pressures

Governments and regulatory bodies are calling for better fuel economy, lower emissions, and safer vehicles. Tires that aid vehicle systems with reliable feedback on pressure and heat support these regulations. Also, increased consumer awareness of carbon footprints and sustainability is driving demand for eco-friendly advanced tire technologies.

Growing Demand in Automotive Segments

Electric vehicles (EVs), luxury passenger vehicles, commercial trucks, and specialty industrial vehicles need improved tires. As EVs become more common, the need for tires that can handle higher torque, weight, and thermal loads grows. Run-flat and airless tires are also gaining attention in specialized applications.

Regional Growth & Infrastructure Development

Asia-Pacific is a key area because of its strong automotive manufacturing base, rising vehicle ownership, and growing consumer demand for safety and performance. North America and Europe continue to drive innovation and adoption as well.

Key Players

·         Bridgestone Corporation,

·         Continental AG,

·         Michelin,

·         The Goodyear Tyre & Rubber Company,

·         Yokohama Tire Corporation,

·         Sumitomo Corporation,

·         Nokian Tyres plc,

·         CEAT Ltd.,

·         Toyo Tire Corporation,

·         Hebei Huichao Machinery Parts Co., Ltd

What the Report Contains / Benefits of the Report

·         The DataM Intelligence report offers many insights useful for stakeholders such as tire manufacturers, OEMs, investors, policymakers, and analysts. Key benefits include:

·         Detailed market segmentation by type, material, vehicle, and geographic region. This helps identify where demand is strongest and where to focus product development.

·         Analysis of trends and opportunities: emerging technologies, the direction of sensor integration, and which types of advanced tires may gain market share.

·         Identification of challenges: fluctuation in raw material costs, production costs, and regulatory and infrastructure constraints. This information is crucial for risk management.

Conclusion

The Advanced Tire Market is expected to grow steadily due to demands for safety and performance, technological advancements, regulatory pressures, and increasing vehicle segments, including EVs and luxury cars. While challenges like raw material costs and complex manufacturing exist, the demand for tires that do more than just "roll" is rising. Companies investing in sensor technologies, new materials, sustainable designs, and efficient production are likely to lead the market. Regions like Asia-Pacific offer significant opportunities because of rapidly growing automobile markets and rising consumer expectations. The overall outlook is positive, and stakeholders who focus on trends in safety, sustainability, and performance will find strong opportunities ahead.

Contact Us:

Company Name: DataM Intelligence 4market Research LLP

Contact Person: Sai Kiran

Email: Sai.k@datamintelligence.com

Phone: +1 877 441 4866

Website: https://www.datamintelligence.com