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Global Low Rolling Resistance Tire Market Size (Value and Volume) 2020: Growth Analysis by Share, Challenges, Opportunities, and Forecast to 2024

Low Rolling Resistance Tire

TheLow Rolling Resistance Tire Market” research report presents comprehensive information about Low Rolling Resistance Tire market trends, industry size, growth opportunities, and COVID-19 impact analysis. A thorough qualitative analysis of the aspects responsible for driving and restraining the demand has also been deliberated in this report. The report provides in-depth information on foremost growth drivers, restraints, challenges to offer a complete analysis of the global Low Rolling Resistance Tire market. It also covers detailed information of the factors influencing market growth.

About Low Rolling Resistance Tire Market:

Low Rolling Resistance Tire Market analysis considers sales from both aftermarket and OEMs end-users. Our study also finds the sales of low rolling resistance tire in APAC, Europe, MEA, North America, and South America. In 2019, the aftermarket segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as rolling resistance of tires will play a significant role in the aftermarket segment to maintain its market position. Also, our global low rolling resistance tire market report looks at factors such as falling rubber prices boosting the profit margins of tire manufacturers, wide-base LRR tires enabling vehicle weight reduction. and stringent regulations to curb emissions. However, cost concerns surrounding LRR tires, ongoing US-China trade war impacting the tire industry, growing popularity of tire retreading may hamper the growth of the low rolling resistance tire industry over the forecast period.

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Topmost Key Players Covered in the Low Rolling Resistance Tire Market Report:

  • Apollo Tyres Ltd.
  • Bridgestone Corp.
  • Continental AG
  • Cooper Tire & Rubber Co.
  • Hankook Tire & Technology Co. Ltd.
  • Michelin Group
  • Pirelli & C. Spa
  • The Goodyear Tire & Rubber Co.
  • The Yokohama Rubber Co. Ltd.
  • and ZHONGCE RUBBER GROUP Co. Ltd.

    Market Dynamics of Low Rolling Resistance Tire Market:

    Drivers: Vehicle Weight Reduction Offered By Wide-Base Lrr Tires.

    Trends: Growing Popularity Of Nanotechnology To Reduce Rolling Resistance.

    Opportunity: Cost Concerns Surrounding Lrr Tires.

    Vehicle weight reduction offered by wide-base LRR tires

    There has been a surge in demand for lightweight vehicles in recent years. Low rolling resistance tire (LRR) manufacturers are increasingly adopting wide-base LRR tires for trucks and buses as they reduce vehicle weight and improve the fuel efficiency of the vehicles. The wide-base configuration allows fleet operators in reducing the weight of vehicles in the range of 800 to 1400 pounds. The reduced weight further allows the fleet operators to put a high payload on vehicles, particularly, in weight-sensitive applications. Thus, the growing awareness of the benefits of deploying wide-base configuration in modern vehicles will lead to the expansion of the global low rolling resistance tire market at a CAGR of over 10% during the forecast period.

    Growing popularity of nanotechnology to reduce rolling resistance

    Nanotechnology is increasingly being adopted in tire manufacturing as it helps in reducing the wear and tear of the tires. In addition, this technology offers a strong grip to tires on snow-covered pavements so that they can operate in extreme temperatures with superior performance. Furthermore, nanotechnologies like single-walled carbon nanotubes, allow tires to become more durable, maintain their color for longer duration, and improve heat quality. This development is expected to have a positive impact on the overall market growth.

    Low Rolling Resistance Tire Market Report Highlights: –

    • The report covers forecast and analysis for the market on a global and regional level.
    • The report includes the drivers and the restraints that affect the growth of the market.
    • The report discusses detailed information about market opportunities.
    • The market is segmented on the basis of product and end-user industry which in turn is bifurcated on the regional level.
    • The key target audience for the market has been determined in the report.
    • The revenue generated by the prominent industry players has been analyzed in the report.

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    Low Rolling Resistance Tire Market Segmentation Covers:

    MARKET SEGMENTATION BY END-USER:

    • Aftermarket
    • OEMs

    Regional Segmentation:

    • APAC
    • Americas
    • EMEA 

    The objective of Studies:

    • To provide a detailed analysis of the market structure along with the forecast of the various segments and sub-segments of the global Low Rolling Resistance Tire market.
    • To provide insights about factors affecting market growth. To analyze the Low Rolling Resistance Tire market based on various factors- price analysis, supply chain analysis, Porte five force analysis, etc.
    • To provide historically and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, Latin America, and Rest of the World.
    • To provide country-level analysis of the market with respect to the current market size and future prospective.
    • To provide country-level analysis of the market for segment by application, product type, and sub-segments.
    • To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
    • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Low Rolling Resistance Tire market.

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    Some Points from Low Rolling Resistance Tire Market Report TOC:

    PART 01: EXECUTIVE SUMMARY

    PART 02: SCOPE OF THE REPORT

    • 2.1 Preface
    • 2.2 Preface
    • 2.3 Currency conversion rates for USD

    PART 03: MARKET LANDSCAPE

    • Market ecosystem
    • Market characteristics
    • Market segmentation analysis

    PART 04: MARKET SIZING

    • Market definition
    • Market sizing 2019
    • Market size and forecast 2019-2024

    PART 05: FIVE FORCES ANALYSIS

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    PART 06: MARKET SEGMENTATION BY TECHNOLOGY

    • Market segmentation by technology
    • Comparison by technology

    PART 07: MARKET SEGMENTATION BY FURNACE TYPE

    PART 08: CUSTOMER LANDSCAPE

    PART 09: GEOGRAPHIC LANDSCAPE

    • Geographic segmentation
    • Geographic comparison
    • APAC – Market size and forecast 2019-2024
    • Americas – Market size and forecast 2019-2024
    • EMEA – Market size and forecast 2019-2024
    • Key leading countries
    • Market opportunity

    PART 10: DRIVERS AND CHALLENGES

    • Market drivers
    • Market challenges

    PART 11: MARKET TRENDS

    PART 12: VENDOR LANDSCAPE

    • Overview
    • Landscape disruption
    • Competitive scenario

    PART 13: VENDOR ANALYSIS

    • Vendors covered
    • Vendor classification

    For Detailed TOC Click Here

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    Name: Ajay More

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