Global and China Low Rolling Resistance Tire Industry Ecological Development and Analysis Report 2023
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The research time span covered by the report is from 2018 to 2029; it provides an overview of the Global Low Rolling Resistance Tire Market and also provides a deeper in-depth segmentation of the market by regions, product type and downstream industries.
The low rolling resistance tire market is expected to reach usd 46.03 billion by 2030, which is usd 17.94 billion in 2022, at a cagr of 12.50% during the forecast period.
Competitive Landscape Analysis:
The main players in the Low Rolling Resistance Tire market include Bridgestone Corporation (Japan), The Goodyear Tire & Rubber Company (U.S.), Sumitomo Rubber Industries, Ltd (Japan), Pirelli & C. S.p.A. (Italy), and Hankook Tire & Technology (South Korea). The share of the top 3 players in the Low Rolling Resistance Tire market is xx%.
REGION SHARE:
The report covers the market size information of North America, Europe, Asia Pacific, Latin America, Middle East and Africa, and North America accounted for xx%, Europe accounted for xx% of Low Rolling Resistance Tire market, and Asia Pacific accounted for xx%.
Segmental Analysis
The report segments the market by Type and Application. Bias accounted for xx% of Low Rolling Resistance Tire market in 2022. Radial share of xx%.
OEM accounted for xx% of the Low Rolling Resistance Tire market in 2022. Aftermarket accounts for xx%.
For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.
As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.
Key Factors Considered:
COVID-19
The report describes the market scenario during and post the pandemic in the vision of upstream, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.
Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it's going to evolve in the years to come.
Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.
In recent years, a series of factors are affecting the development of the automotive industry.
Electric Vehicles (EVs): The shift towards electric vehicles has gained significant momentum in recent years. Automakers are investing heavily in EV development and expanding their electric vehicle lineups. This trend is driven by factors such as government regulations to reduce emissions, improvements in battery technology, and increasing consumer interest in eco-friendly transportation options.
Autonomous Driving: Autonomous driving technology has advanced rapidly, with the development of sophisticated sensors, machine learning algorithms, and connectivity systems. Automakers and tech companies are investing in autonomous driving research and development, aiming to achieve higher levels of vehicle automation. This trend holds the promise of safer and more efficient transportation, as well as new business models like autonomous ride-hailing services.
Shared Mobility: The concept of shared mobility has gained popularity, particularly in urban areas. Services like ride-hailing, car-sharing, and car subscription models have experienced significant growth. These services offer convenience, cost savings, and reduced traffic congestion by optimizing vehicle utilization. Automakers are responding by entering partnerships or launching their own shared mobility platforms.
Segmental Analysis
North America
United States
Canada
China
Asia Pacific (Excluding China)
Japan
Korea
Southeast Asia
India
Australia
EMEA
Europe
Germany
France
UK
Italy
Russia
Nordic
Middle East
Africa
Latin America
Brazil
Argentina
Mexico
Some of the Top Market Players Covered Are:
Bridgestone Corporation (Japan)
The Goodyear Tire & Rubber Company (U.S.)
Sumitomo Rubber Industries, Ltd (Japan)
Pirelli & C. S.p.A. (Italy)
Hankook Tire & Technology (South Korea)
MICHELIN (France)
Continental AG (Germany)
Trelleborg AB (publ) (Sweden)
The Yokohama Rubber Co. Ltd (Japan)
APOLLO TYRES LTD (India)
Maxxis International–USA. (U.S.)
Marangoni S.p.A (Italy)
MRF Limited (India)
Cooper Tire & Rubber Company (U.S.)
Toyo Tire & Rubber Co. Ltd. (Japan)
KUMHO TIRE (South Korea)
Nokian Tyres plc. (Finland)
Market outlook by product/service type:
Bias
Radial
Tubeless
Tube
Others
Market outlook by Application :
OEM
Aftermarket
Table of Content
1 Low Rolling Resistance Tire Market Introduction and Overview
1.1 Low Rolling Resistance Tire Definition
1.2 Research Purposes
1.3 Currency Rate
1.4 Report Timeline
1.5 Economic Analysis of Global Regions
1.6 Inflation Analysis
1.7 The Impact of the Russian-Ukrainian War on the Market
2 Market Competition by Manufacturers
2.1 Global Low Rolling Resistance Tire Sales and Market Share by Manufacturer
2.2 Global Low Rolling Resistance Tire Revenue and Market Share by Manufacturer
2.3 Global Low Rolling Resistance Tire Average Price by Manufacturers
2.4 Manufacturers Low Rolling Resistance Tire Production Sites, Area Served, Product Types
2.5 Low Rolling Resistance Tire Market Competitive Situation and Trends
2.5.1 Low Rolling Resistance Tire Market Concentration Rate
2.5.2 Global Top 5 and Top 10 Players Market Share by Revenue in 2023
2.5.3 Mergers & Acquisitions, Expansion
3 Global Low Rolling Resistance Tire Historical Market Analysis by Type
3.1 Market Size Analysis by Types
3.1.4 Global Low Rolling Resistance Tire Market Share by Type 2018 VS 2022
3.2 Global Low Rolling Resistance Tire Revenue and Market Share by Type
3.3 Global Low Rolling Resistance Tire Sales and Market Share by Type
4 Global Low Rolling Resistance Tire Historical and Forecast Market Analysis by Application
4.1 Market Size Analysis by Application
4.1.4 Global Low Rolling Resistance Tire Market Share by Application 2018 VS 2022
4.2 Global Low Rolling Resistance Tire Revenue Market Share by Application (2018-2023)
4.3 Global Low Rolling Resistance Tire Sales Market Share by Application (2018-2023)
5 Global Market Growth Trends Analysis
5.1 Global Low Rolling Resistance Tire Market Size (2018-2023)
5.2 Low Rolling Resistance Tire Growth Trends Analysis by Regions
5.2.1 Low Rolling Resistance Tire Market Size by Regions: 2018 VS 2023 VS 2029
5.2.2 Low Rolling Resistance Tire Historic Revenue Market Size by Regions (2018-2023)
5.2.3 Low Rolling Resistance Tire Historic Sales Market Size by Regions (2018-2023)
5.3 North America
5.3.1 North America Low Rolling Resistance Tire Revenue by Countries (2018-2023)
5.3.2 North America Low Rolling Resistance Tire Sales by Countries (2018-2023)
5.3.3 North America SWOT Analysis
5.3.4 United States
5.3.5 Canada
5.4 China
5.4.1 China SWOT Analysis
5.5 Asia Pacific (Excluding China)
5.5.1 Asia Pacific Low Rolling Resistance Tire Revenue by Countries (2018-2023)
5.5.2 Asia Pacific Low Rolling Resistance Tire Sales by Countries (2018-2023)
5.5.3 Asia Pacific SWOT Analysis
5.5.4 Japan
5.5.5 Korea
5.5.6 Southeast Asia
5.5.7 India
5.5.8 Australia
5.6 EMEA
5.6.1 EMEA Low Rolling Resistance Tire Revenue by Countries (2018-2023)
5.6.2 EMEA Low Rolling Resistance Tire Sales by Countries (2018-2023)
5.6.3 EMEA SWOT Analysis
5.6.4 Europe
5.6.5 Middle East
5.6.6 Africa
5.7 Latin America
5.7.1 Latin America Low Rolling Resistance Tire Revenue by Countries (2018-2023)
5.7.2 Latin America Low Rolling Resistance Tire Sales by Countries (2018-2023)
5.7.3 Latin America SWOT Analysis
5.7.4 Brazil
5.7.5 Argentina
5.7.6 Mexico
6 Players Profiles
6.1 Bridgestone Corporation (Japan)
6.1.1 Bridgestone Corporation (Japan) Company Profile
6.1.2 Low Rolling Resistance Tire Product Overview
6.1.3 Bridgestone Corporation (Japan) Low Rolling Resistance Tire Market Performance (2018-2023)
6.1.4 Bridgestone Corporation (Japan) Business Overview
6.1.5 SWOT Analysis
6.2 The Goodyear Tire & Rubber Company (U.S.)
6.2.1 The Goodyear Tire & Rubber Company (U.S.) Company Profile
6.2.2 Low Rolling Resistance Tire Product Overview
6.2.3 The Goodyear Tire & Rubber Company (U.S.) Low Rolling Resistance Tire Market Performance (2018-2023)
6.2.4 The Goodyear Tire & Rubber Company (U.S.) Business Overview
6.2.5 SWOT Analysis
6.3 Sumitomo Rubber Industries, Ltd (Japan)
6.3.1 Sumitomo Rubber Industries, Ltd (Japan) Company Profile
6.3.2 Low Rolling Resistance Tire Product Overview
6.3.3 Sumitomo Rubber Industries, Ltd (Japan) Low Rolling Resistance Tire Market Performance (2018-2023)
6.3.4 Sumitomo Rubber Industries, Ltd (Japan) Business Overview
6.3.5 SWOT Analysis
6.4 Pirelli & C. S.p.A. (Italy)
6.4.1 Pirelli & C. S.p.A. (Italy) Company Profile
6.4.2 Low Rolling Resistance Tire Product Overview
6.4.3 Pirelli & C. S.p.A. (Italy) Low Rolling Resistance Tire Market Performance (2018-2023)
6.4.4 Pirelli & C. S.p.A. (Italy) Business Overview
6.4.5 SWOT Analysis
6.5 Hankook Tire & Technology (South Korea)
6.5.1 Hankook Tire & Technology (South Korea) Company Profile
6.5.2 Low Rolling Resistance Tire Product Overview
6.5.3 Hankook Tire & Technology (South Korea) Low Rolling Resistance Tire Market Performance (2018-2023)
6.5.4 Hankook Tire & Technology (South Korea) Business Overview
6.5.5 SWOT Analysis
6.6 MICHELIN (France)
6.6.1 MICHELIN (France) Company Profile
6.6.2 Low Rolling Resistance Tire Product Overview
6.6.3 MICHELIN (France) Low Rolling Resistance Tire Market Performance (2018-2023)
6.6.4 MICHELIN (France) Business Overview
6.6.5 SWOT Analysis
6.7 Continental AG (Germany)
6.7.1 Continental AG (Germany) Company Profile
6.7.2 Low Rolling Resistance Tire Product Overview
6.7.3 Continental AG (Germany) Low Rolling Resistance Tire Market Performance (2018-2023)
6.7.4 Continental AG (Germany) Business Overview
6.7.5 SWOT Analysis
6.8 Trelleborg AB (publ) (Sweden)
6.8.1 Trelleborg AB (publ) (Sweden) Company Profile
6.8.2 Low Rolling Resistance Tire Product Overview
6.8.3 Trelleborg AB (publ) (Sweden) Low Rolling Resistance Tire Market Performance (2018-2023)
6.8.4 Trelleborg AB (publ) (Sweden) Business Overview
6.8.5 SWOT Analysis
6.9 The Yokohama Rubber Co. Ltd (Japan)
6.9.1 The Yokohama Rubber Co. Ltd (Japan) Company Profile
6.9.2 Low Rolling Resistance Tire Product Overview
6.9.3 The Yokohama Rubber Co. Ltd (Japan) Low Rolling Resistance Tire Market Performance (2018-2023)
6.9.4 The Yokohama Rubber Co. Ltd (Japan) Business Overview
6.9.5 SWOT Analysis
6.10 APOLLO TYRES LTD (India)
6.10.1 APOLLO TYRES LTD (India) Company Profile
6.10.2 Low Rolling Resistance Tire Product Overview
6.10.3 APOLLO TYRES LTD (India) Low Rolling Resistance Tire Market Performance (2018-2023)
6.10.4 APOLLO TYRES LTD (India) Business Overview
6.10.5 SWOT Analysis
6.11 Maxxis International–USA. (U.S.)
6.11.1 Maxxis International–USA. (U.S.) Company Profile
6.11.2 Low Rolling Resistance Tire Product Overview
6.11.3 Maxxis International–USA. (U.S.) Low Rolling Resistance Tire Market Performance (2018-2023)
6.11.4 Maxxis International–USA. (U.S.) Business Overview
6.11.5 SWOT Analysis
6.12 Marangoni S.p.A (Italy)
6.12.1 Marangoni S.p.A (Italy) Company Profile
6.12.2 Low Rolling Resistance Tire Product Overview
6.12.3 Marangoni S.p.A (Italy) Low Rolling Resistance Tire Market Performance (2018-2023)
6.12.4 Marangoni S.p.A (Italy) Business Overview
6.12.5 SWOT Analysis
6.13 MRF Limited (India)
6.13.1 MRF Limited (India) Company Profile
6.13.2 Low Rolling Resistance Tire Product Overview
6.13.3 MRF Limited (India) Low Rolling Resistance Tire Market Performance (2018-2023)
6.13.4 MRF Limited (India) Business Overview
6.13.5 SWOT Analysis
6.14 Cooper Tire & Rubber Company (U.S.)
6.14.1 Cooper Tire & Rubber Company (U.S.) Company Profile
6.14.2 Low Rolling Resistance Tire Product Overview
6.14.3 Cooper Tire & Rubber Company (U.S.) Low Rolling Resistance Tire Market Performance (2018-2023)
6.14.4 Cooper Tire & Rubber Company (U.S.) Business Overview
6.14.5 SWOT Analysis
6.15 Toyo Tire & Rubber Co. Ltd. (Japan)
6.15.1 Toyo Tire & Rubber Co. Ltd. (Japan) Company Profile
6.15.2 Low Rolling Resistance Tire Product Overview
6.15.3 Toyo Tire & Rubber Co. Ltd. (Japan) Low Rolling Resistance Tire Market Performance (2018-2023)
6.15.4 Toyo Tire & Rubber Co. Ltd. (Japan) Business Overview
6.15.5 SWOT Analysis
6.16 KUMHO TIRE (South Korea)
6.16.1 KUMHO TIRE (South Korea) Company Profile
6.16.2 Low Rolling Resistance Tire Product Overview
6.16.3 KUMHO TIRE (South Korea) Low Rolling Resistance Tire Market Performance (2018-2023)
6.16.4 KUMHO TIRE (South Korea) Business Overview
6.16.5 SWOT Analysis
6.17 Nokian Tyres plc. (Finland)
6.17.1 Nokian Tyres plc. (Finland) Company Profile
6.17.2 Low Rolling Resistance Tire Product Overview
6.17.3 Nokian Tyres plc. (Finland) Low Rolling Resistance Tire Market Performance (2018-2023)
6.17.4 Nokian Tyres plc. (Finland) Business Overview
6.17.5 SWOT Analysis
7 Low Rolling Resistance Tire Manufacturing Cost Analysis
7.1 Low Rolling Resistance Tire Key Raw Materials Analysis
7.1.1 Key Raw Materials
7.1.2 Price Trend of Key Raw Materials
7.1.3 Key Suppliers of Raw Materials
7.2 Proportion of Manufacturing Cost Structure
7.3 Manufacturing Process Analysis of Low Rolling Resistance Tire
7.4 Low Rolling Resistance Tire Industrial Chain Analysis
8 Market Channel, Distributors, Traders and Dealers
8.1 Market Channel Status
8.1.1 Direct Marketing
8.1.2 Indirect Marketing
8.2 Low Rolling Resistance Tire Typical Distributors
8.3 Low Rolling Resistance Tire Typical Customers
9 Low Rolling Resistance Tire Industry Dynamic Analysis
9.1 Low Rolling Resistance Tire Market Trends Analysis
9.2 Low Rolling Resistance Tire Market Drivers Analysis
9.3 Low Rolling Resistance Tire Market Challenges Analysis
9.4 Low Rolling Resistance Tire Market Restraints Analysis
10 Global Low Rolling Resistance Tire Forecast Market Analysis by Type & Application
10.1 Global Low Rolling Resistance Tire Revenue Market Forecast by Type (2023-2029)
10.2 Global Low Rolling Resistance Tire Sales Market Forecast by Type (2023-2029)
10.3 Low Rolling Resistance Tire Revenue Market Forecast by Application (2023-2029)
10.4 Low Rolling Resistance Tire Sales Market Forecast by Application (2023-2029)
11 Global Low Rolling Resistance Tire Forecast Market Analysis by Region
11.1 Low Rolling Resistance Tire Revenue Market Forecast by Region (2023-2029)
11.2 Low Rolling Resistance Tire Sales Market Forecast by Region (2023-2029)
11.3 North America Low Rolling Resistance Tire Forecast Market Analysis
11.4 EMEA Low Rolling Resistance Tire Forecast Market Analysis
11.5 China Low Rolling Resistance Tire Forecast Market Analysis
11.6 Asia-Pacific Low Rolling Resistance Tire Forecast Market Analysis
11.7 Latin America Low Rolling Resistance Tire Forecast Market Analysis
12 Research Findings and Conclusion
Research Methodology:
Low Rolling Resistance Tire Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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