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The technologies in automotive tires have undergone significant change in recent years, with pneumatic tires to airless tires. The rising wave of new technologies, such as radial and bias tire manufacturing technologies is creating significant potential for automotive tire in various vehicle platforms in view of transportation, flexible sidewalls, and reduced fuel consumption due to less rolling resistance.

In the automotive tire market, various technologies, such as radial and bias, are used in passenger cars, light commercial vehicles, and heavy commercial vehicles. Increasing vehicle production and sales, higher demand for low rolling resistance tires, growth in per capita vehicle ownership, adoption of advanced tire manufacturing technology, and increasing need to improve road safety are creating new opportunities for various automotive tire technologies.
Some of the latest technological developments by various countries in the automotive tire market are as follows:
  • United States:  Goodyear recently unveiled a concept airless tire for passenger vehicles. This puncture-proof technology eliminates the need for a spare tire and could revolutionize the industry if successfully commercialized.
  • Europe: The EU has mandated stricter fuel efficiency regulations for vehicles by 2030. This pushes tire manufacturers like Michelin and Continental to focus on developing low-rolling-resistance radial tires that improve fuel economy.
  • China:  Domestic giants like Shandong Linglong Tire announced plans to invest heavily in radial tire production lines to meet rising demand for fuel-efficient vehicles in the Chinese market.
  • South Korea:  Hankook Tire partnered with LG Chem to develop tires made with high-performance, eco-friendly materials.  This collaboration aims to create sustainable tires with lower rolling resistance.
This report analyzes technology maturity, degree of disruption, competitive intensity, market potential, and other parameters of various technologies in the automotive tire market. Some insights are depicted below by a sample figure. For more details on figures, the companies researched, and other objectives/benefits on this research report, please download the report brochure.


Automotive Tires Technology Market

 
 
Automotive Tires Technology Segments
 
Automotive Tires Technology Heat Map

The study includes technology readiness, competitive intensity, regulatory compliance, disruption potential, trends, forecasts and strategic implications for the global automotive tire technology by application, technology, and region as follows:

Technology Readiness by Technology Type

Competitive Intensity and Regulatory Compliance

Disruption Potential by Technology Type

Trends and Forecasts by Technology Type [$M shipment analysis from 2018 to 2030]:
  • Radial
  • Bias

Technology Trends and Forecasts by Application [$M shipment analysis from 2018 to 2030]:
  • Passenger Cars
    • Radial
    • Bias
  • Light Commercial Vehicles
    • Radial
    • Bias
  • Heavy Commercial Vehicles
    • Radial
    • Bias

Technology Trends and Forecasts by Region [$M shipment analysis for 2018 to 2030]:
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • United Kingdom
    • Germany
    • France
  • Asia Pacific
    • Japan
    • China
    • South Korea
    • India
  • The Rest of the World
 
Latest Developments and Innovations in the Automotive Tire Technologies

Companies / Ecosystems

Strategic Opportunities by Technology Type
 
Some of the automotive tire companies profiled in this report include MRF Tyres, JK Tyre & Industries, Continental, Bridgestone Corporation, Sumitomo Rubber Industries, Michelin group, Toyo Tire & Rubber, Goodyear Tire and Rubber Company, and Ceat.

Below are the latest technological developments from top companies in the automotive tire market:
  • Michelin announced a €1.5 billion investment to expand its production capacity for high-performance radial tires in North America. This signifies their target to cater to the growing demand for electric vehicles and SUVs that require specialized radial tires.
  • Bridgestone unveiled its new Enliten tire technology, a radial tire line boasting significant fuel efficiency improvements through a lightweight design and innovative materials. This launch reflects the industry trend towards sustainable tire solutions.
  • Continental finalized its acquisition of Semperit, a European tire manufacturer specializing in budget-friendly radial tires. This move strengthens Continental's presence in the value segment of the radial tire market.
  • Cheng Shin Rubber Ind. Co., Ltd. announced a partnership with Mahindra & Mahindra, a major Indian automaker. The collaboration focuses on developing and supplying bias tires specifically designed for agricultural vehicles in India.
  • Trelleborg signed a definitive agreement to acquire certain assets of Mitas, a Czech Republic-based manufacturer of agricultural and specialty bias tires. This acquisition strengthens Trelleborg's position in the off-highway bias tire segment.
  • Alliance Tire Americas announced a capacity increase for its bias tire plant in Iowa, USA. This expansion aims to meet the rising demand for bias tires in the construction and industrial sectors.
This report answers following 9 key questions:
Q.1 What are some of the most promising and high-growth technology opportunities for the automotive tire market?
Q.2 Which technology will grow at a faster pace and why?
Q.3 What are the key factors affecting dynamics of different technologies? What are the drivers and challenges of these technologies in automotive tire market?
Q.4 What are the levels of technology readiness, competitive intensity and regulatory compliance in this technology space?
Q.5 What are the business risks and threats to these technologies in automotive tire market?
Q.6 What are the latest developments in automotive tire technologies? Which companies are leading these developments?
Q.7 Which technologies have potential of disruption in this market?
Q.8 Who are the major players in this automotive tire market? What strategic initiatives are being implemented by key players for business growth?
Q.9 What are strategic growth opportunities in this automotive tire technology space?

Table of Contents


1. Executive Summary

2. Technology Landscape
2.1. Technology Background and Evolution
2.2. Technology and Application Mapping
2.3. Supply Chain

3. Technology Readiness
3.1. Technology Commercialization and Readiness
3.2. Drivers and Challenges in Automotive Tire Technologies
3.3. Competitive Intensity
3.4. Regulatory Compliance

4. Technology Trends and Forecasts Analysis from 2018-2030
4.1. Automotive Tire Opportunity
4.2. Technology Trends (2018-2023) and Forecasts (2024-2030)
4.2.1. Radial
4.2.2. Bias
4.3. Technology Trends (2018-2023) and Forecasts (2024-2030) by Application Segments
4.3.1. Passenger Car
4.3.1.1. Radial
4.3.1.2. Bias
4.3.2. Light Commercial Vehicle
4.3.2.1. Radial
4.3.2.2. Bias
4.3.3. Heavy Commercial Vehicle
4.3.3.1. Radial
4.3.3.2. Bias

5. Technology Opportunities (2018-2030) by Region
5.1. Automotive Tire Market by Region
5.2. North American Automotive Tire Technology Market
5.2.1. United States Automotive Tire Technology Market
5.2.2. Canadian Automotive Tire Technology Market
5.2.3. Mexican Automotive Tire Technology Market
5.3. European Automotive Tire Technology Market:
5.3.1. The United Kingdom Automotive Tire Technology Market
5.3.2. German Automotive Tire Technology Market
5.3.3. French Automotive Tire Technology Market
5.4. APAC Automotive Tire Technology Market:
5.4.1. Chinese Automotive Tire Technology Market
5.4.2. Japanese Automotive Tire Technology Market
5.4.3. Indian Automotive Tire Technology Market
5.4.4. South Korean Automotive Tire Technology Market
5.5. ROW Automotive Tire Technology Market

6. Latest Developments and Innovations in the Automotive Tire Technologies

7. Companies / Ecosystem
7.1. Product Portfolio Analysis
7.2. Market Share Analysis
7.3. Geographical Reach

8. Strategic Implications
8.1. Implications
8.2. Growth Opportunity Analysis
8.2.1. Growth Opportunities for the Automotive Tire Market by Technology
8.2.2. Growth Opportunities for the Automotive Tire Market by Application
8.2.3. Growth Opportunities for the Automotive Tire Market by Region
8.3. Emerging Trends in the Automotive Tire Market
8.4. Disruption Potential
8.5. Strategic Analysis
8.5.1. New Product Development
8.5.2. Capacity Expansion of the Automotive Tire Market
8.5.3. Mergers, Acquisitions, and Joint Ventures in the Automotive Tire Market 

9. Company Profiles of Leading Players                               
9.1. MRF Tyres
9.2. JK Tyre & Industries
9.3. Continental
9.4. Bridgestone Corporation
9.5. Sumitomo Rubber Industries
9.6. Michelin group
9.7. Toyo Tire & Rubber
9.8. Goodyear Tire and Rubber Company
9.10. Ceat
.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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