Ongoing transformation in automotive technology, combined with economic and demographic changes, are reshaping the landscape of the tire industry. Consumer preferences are shifting towards more ergonomic, durable, and environmentally friendly offerings, and manufacturers are responding by harnessing advances in tire technology. A rise in the popularity of electric and other...
Discover more insightsWithin the global tire market segment, ultra high-performance products have been displaying remarkable growth in demand. This escalating interest can be linked back to the rise in consumer awareness about automotive safety and performance. Simultaneously, empirical data show increasing preferences for luxury vehicles and racing cars, which often corner the...
Discover more insightsThe tire material sector is experiencing significant growth due to an array of driving factors. The global surge in vehicle production and ownership, together with increasing mileage per vehicle, has propelled the demand for tires, subsequently stimulating the tire material market. Innovative advancements are also shaping the industrial structure, with...
Discover more insightsThe effects of COVID-19 on global markets have been profound and wide-ranging, with the tire manufacturing sector being no exception. For most of 2020, tire manufacturers grappled with disruptions emanating from supply chain interruptions and a decline in global demand, primarily due to comprehensive lockdowns and a consequent reduction in...
Discover more insightsThe radial tire segment for buses and trucks is witnessing emergent trends driven by technological innovation and market dynamics. Increased preferences for fuel-efficient vehicles have stimulated the demand for radial tires, known for their superior fuel performance. Moreover, the adoption of advanced materials, like silica compounds, is becoming more prominent...
Discover more insightsThe automotive sector is witnessing a significant upswing in the high-performance tires segment. Driving this change are improvements in tire technology and an increasing consumer preference for superior performance and safety features. High-performance tires, usually fitted with premium vehicles and sports cars, offer better grip, handling, and speed capabilities. With...
Discover more insightsThe development and proliferation of intelligent and electric vehicles, or e-cars, are seen to strongly influence tire demand. The need for specially-designed tires that accommodate electric vehicles weight and torque characteristics likely inflates the market. Meanwhile, the growing popularity of shared mobility and ride-hailing services may impact replacement tire purchases,...
Discover more insightsThe Bias Tire market, a crucial constituent of the expansive automotive sector, is being significantly influenced by a number of crucial factors. Key among these are increased vehicular acquisition and the consequential demand for tires. Additionally, these tires are often favoured for off-road usage due to their tough construction, adding...
Discover more insightsA keen look at the tire industry unearths dominant trends, placing prominence on research and development operations, with a push towards sustainability and efficiency. In an era where environmental concerns are on the rise, manufacturers have gradually shifted towards creating tires with low rolling resistance, which effectively reduce fuel consumption....
Discover more insightsDistinct differentiations in the tire market emerge when viewed through the lens of vehicle type. For instance, passenger cars typically require tires that prioritize comfort and fuel efficiency, thus showcasing different market dynamics compared to commercial heavy-duty trucks which, put a premium on durability and load-bearing capacity. Consequently, tire manufacturers...
Discover more insightsThe global auto industry has been witnessing a remarkable rise in the demand for all-wheel drive systems. These technologies are fast gaining traction due to their prowess in enhancing vehicle performance, stability, and handling, particularly under challenging terrains and harsh weather conditions. In passenger cars, SUVs, and heavy-duty vehicles alike,...
Discover more insightsThe global tubeless tire market is currently demonstrating steady growth, responding to the ongoing evolution in the automotive sector. Technological advancements coupled with increased safety compliance activities have enhanced market expansion. The widespread adoption of tubeless tires due to their numerous benefits (including fuel efficiency, safety, and longevity) is largely...
Discover more insightsThe tire industry is currently vehicles enhanced technology and consumer preferences towards sustainable solutions. Intelligent tires equipped with IoT-based sensors are becoming the norm. These devices enable real-time monitoring of tire pressure and wear & tear, improving road safety and minimizing maintenance costs. Moreover, a notable development is the rise...
Discover more insightsThe Two-Wheeler Anti-Braking System (ABS) market involves the production, distribution and sale of ABS for motorcycles, bicycles, and other two-wheeled transportation means. As an indispensable safety feature in vehicles, ABS markedly reduces the stopping distance and heightens the directional stability under braking, especially in critical situations. The market is organized...
Discover more insightsThe tire industry, a crucial cog in the global automotive industry, has embraced technological advancements that are transforming it slowly but surely. Environmental sustainability is a significant influence, with eco-friendly and more fuel-efficient tires becoming commonplace. Enhancements in tire manufacturing processes, the advent of smart tires embedded with sensors, and...
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