Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Advanced Tires Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Expected Market Growth Rates for the Advanced Tires Market?
The market for advanced tires has seen rapid expansion recently. The market value was $1.24 billion in 2024, and it is expected to increase to $1.38 billion in 2025 with a Compound Annual Growth Rate (CAGR) of 11.6%.
What Are the Expected Market Growth Trends for the Advanced Tires Market Through 2029?
The Advanced Tires Global Market is projected to reach a market size of $2.14 billion in 2029, growing at a compound annual growth rate (CAGR) of 11.5%.
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What Are the Key Business Drivers in the Advanced Tires Market Landscape?
The key drivers in the advanced tires market are:
• Rise in automobile production
• Expansion of the automotive sector
• Increased demand for feature-rich vehicles
• Growing awareness and demand for advanced tire safety features
How Is the Advanced Tires Market Divided Across Key Categories?
The advanced tires market covered in this report is segmented –
1) By Material: Synthetic Rubber, Aramid and Nylon Reinforcements, Silica-Based Compounds, Steel Belts and Cord Plies, Carbon Black Reinforcement, Other Material
2) By Tire Type: Run-Flat Tires, Radial Tires, Airless Tires, Pneumatic Tires
3) By Technology: Self-Inflating Tires, Chip-Embedded Tires, Multi-Chamber Tires, All-In-One Tires, Self-Sealing
4) By Vehicle Type: Light Duty Vehicle (LDV), Heavy Duty Vehicle (HDV)
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What Are the Ongoing Trends in the Advanced Tires Market?
The key trends in the advanced tires market are:
• Smart tire technology is an emerging trend in the market.
• There is a growing trend towards the development of self-healing tires.
• Rapid technological progression is shaping the future of the market.
• The use of 3D printing and advanced materials is becoming more prevalent.
Which Companies are Expanding in the Advanced Tires Industry?
Major players in the advanced tires market are:
• Continental AG
• Bridgestone Corporation
• Michelin
• The Goodyear Tire & Rubber Company
• Pirelli & C. SpA
• Sumitomo Rubber Industries Ltd.
• Hankook Tire & Technology Co. Ltd.
• The Yokohama Rubber Co. Ltd.
• Zhongce Rubber Group Co. Ltd.
• Toyo Tire & Rubber Co. Ltd.
• Kumho Tire Co. Inc.
• Trelleborg AB
• Apollo Vredestein B.V.
• Giti Tire Pte. Ltd.
• Cooper Tire & Rubber Company
• Titan International Inc.
• Nexen Tire Corporation
• Nokian Tyres plc
• Petlas Tire Corporation
• Marangoni S.p.A.
• Nankang Rubber Tire Corporation Ltd.
• Triangle Group Co. Ltd.
• Sailun Tire Co. Ltd.
• Greenball Corporation
• Magna Tyres Group
• Mitas Tires
• Maxam Tire International Ltd.
Which is the Largest Region the Global Advanced Tires Market?
North America was the largest region in the advanced tires market in 2024
