Advanced Tires Market
Advanced Tires Market Forecasts to 2030 - Global Analysis By Material Type (Elastomers, Steel, Synthetic Rubber, Natural Rubber and Other Material Types), Type (Airless Tires, Run Flat Tires, Pneumatic Tires and Other Types) and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $444.97 MN |
|
Projected Year Value (2030) |
US $1,729.27 MN |
|
CAGR (2023 - 2030) |
21.4% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Advanced Tires Market is accounted for $444.97 million in 2023 and is expected to reach $1,729.27 million by 2030 growing at a CAGR of 21.4% during the forecast period. Advanced tires are constructed from a variety of materials in different combinations. Modern tires typically have no air and are resistant to punctures. It has a smaller surface contact area than other tires, which improves the vehicle's fuel economy. Modern tires maintain their traction when the car is moving at a higher speed and are less harmful on wet roads. Additionally, the advanced tire is a new technology that improves tire performance and functionality by detecting road conditions.
According to the International Energy Agency (IEA), adopting low-rolling-resistance tires may lead to a potential reduction of up to 7% and 6% in fuel consumption and CO2 emissions, respectively, from passenger cars.
Market Dynamics:
Driver:
Rise in need for industrial equipment and warehouse automation
Tires that are resistant to defects and inefficiency are necessary for industrial vehicles used in warehouses. This has sparked the creation of non-pneumatic, chip-enabled tires that can communicate with a car in real time regarding their condition. This cutting-edge technology enables continuous monitoring of tire health and lowers failure rates, which is intended to increase productivity, lower costs, and limit downtime. Additionally underscoring the significance of these cutting-edge tire solutions in the next few years are industrial vehicles like forklifts, pallet jacks, and terminal tractors, which are essential industry components but do not have the same financial restrictions as other vehicles.
Restraint:
Implementation in practice and lower consumer acceptance of advanced tires
Innovative tire designs are in the early stages of development. The Goodyear Eagle 360 Urban tire, which will be manufactured utilizing 3D printing technology, is one illustration. An airless tire at center mass is another Goodyear invention. These tires have been offered as concepts, along with a number of others from leading business professionals. The primary challenge for manufacturers is figuring out how to build these sophisticated tires in large quantities while also taking other issues, including their shape and longevity, into account.
Opportunity:
Increased emphasis on reducing nitrogen oxide (NOx) and carbon dioxide (CO2)
Automotive tires are mostly made of natural rubber, synthetic rubber, sulfur, elastomers, and other carbon compounds. The carbon emissions produced during the production of tires are caused by these basic materials. These raw materials must be used less because of strict emission laws. OEMs are concentrating on decreasing vehicle weight in addition to carbon emissions during manufacturing in order to meet strict tailpipe emission rules.
Threat:
High initial outlay
The automobile industry's developments will have an impact on the tire manufacturing sector. Tires are an essential component of automobiles, so tire producers must invest heavily to keep up with these changes. Additionally, tires must go through major changes in areas like shape, raw materials, and manufacturing processes to adapt to the changing needs of the automotive industry. The considerable initial expenditures that come from these modifications will probably be reflected in the pricing of advanced tires.
Covid-19 Impact:
The global market for advanced tires has been significantly impacted by the COVID-19 epidemic. The pandemic has caused a decrease in new car manufacturing and sales, which has adversely affected the market for high-tech tires. Furthermore, the pandemic has hampered the availability of innovative tires, making it challenging for tire producers to meet customer demand. Due to the pandemic, there is a rise in interest in electric cars, which do not require pneumatic tires. Airless tires, a kind of sophisticated tire, are now in demand as a result of this. Demand for sustainable tires has been generated as a result of the pandemic's increased emphasis on sustainability.
The elastomers segment is expected to be the largest during the forecast period
Elastomers segment commanded the largest share over the forecast period. They are utilized in the tread, sidewalls, and inner liner, among other parts of the tire. There are rising trends toward using natural and synthetic rubber that is recyclable or manufactured organically as awareness of environmental sustainability and waste reduction grows. Utilizing sustainable materials has financial benefits as well as improvements to traction, durability, and rolling resistance.
The Chip Embedded Tires segment is expected to have the highest CAGR during the forecast period
Chip Embedded Tires segment is expected to have the highest CAGR during the forecast period. These tires include cutting-edge sensors, microchips, RFID tags, and other connectivity elements, allowing for real-time monitoring of tire performance and conditions. For instance, some chip-based tires can accurately record data for the best tire management, including tire pressure, temperature, and tread wear. Furthermore, these tires improve road safety and avoid accidents by warning drivers of potential tire problems like low tire pressure or tread wear.
Region with largest share:
Over the forecast period, Asia-Pacific is anticipated to hold the most outstanding share. Automobile manufacturing facilities will shift their attention to developing nations like China, Thailand, and India as the sector becomes more standardized. Due to rapid industrialization, which has increased sales of commercial vehicles including trucks, tractors, and trailers, the automobile sector has recently been expanding quickly. Automobile demand and production have increased in developing countries.
Region with highest CAGR:
Due to the increased emphasis on safety and fuel efficiency in the area, North America is anticipated to experience the highest CAGR during the projection period. As a result of increased technological breakthroughs, suppliers are developing extremely effective tires that improve automobiles' overall fuel efficiency in the region. For the North American market, Trelleborg, an engineering company centered on polymer technology, recently introduced a new line of pneumatic tires with attributes like grip and durability.
Key players in the market
Some of the key players in Advanced Tires market include Pirelli & C. S.p.A, Sumitomo Corporation, Continental AG, THE YOKOHAMA RUBBER CO., LTD, Michelin, Hankook Tire & Technology Co.,Ltd., Bridgestone Corporation, The Goodyear Tire & Rubber Company, Nokian Tyres plc. and Toyo Tire Corporation.
Key Developments:
In September 2022, Bridgestone Brazil revealed plans to provide additional funding to its tire manufacturing facility in Camaçari, Bahia. The company is investing over R$ 270 million to modernize and expand production, aiming to meet the increasing market demand for high-performance tires. With this investment, Bridgestone's total announced investments in the Bahia plant since 2021 will exceed R$ 970 million.
In August 2022, Bridgestone and AWS (Amazon Web Services) announced a strategic partnership aimed at developing platforms and launching new customer solutions. The collaboration seeks to leverage AWS's expertise in cloud computing to innovate and enhance customer experiences in the tire industry.
In March 2022, Hankook Co, Ltd. unveiled its latest product, iON, a tire specifically tailored for premium electric vehicles. The primary goal behind iON tires is to offer exceptional performance and enhance the efficiency of EVs. Hankook recognizes the increasing popularity of electric vehicles and the necessity for specialized tires that cater to their unique requirements, including suitable replacements. The introduction of iON tires reflects the company's commitment to addressing the evolving demands of the electric vehicle market.
Material Types Covered:
• Elastomers
• Steel
• Synthetic Rubber
• Natural Rubber
• Other Material Types
Types Covered:
• Airless Tires
• Run Flat Tires
• Pneumatic Tires
• Other Types
Vehicle Types Covered:
• Industrial Equipment
• Construction & Mining Equipment
• Agricultural Tractors
• Heavy Duty Vehicle
• Light Duty Vehicles
• Other Vehicle Types
Technologies Covered:
• All In One Tires
• Multi Chamber Tires
• Self-Inflating Tires
• Chip Embedded Tires
• Other Technologies
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Advanced Tires Market, By Material Type
5.1 Introduction
5.2 Elastomers
5.3 Steel
5.4 Synthetic Rubber
5.5 Natural Rubber
5.6 Other Material Types
6 Global Advanced Tires Market, By Type
6.1 Introduction
6.2 Airless Tires
6.3 Run Flat Tires
6.4 Pneumatic Tires
6.5 Other Types
7 Global Advanced Tires Market, By Vehicle Type
7.1 Introduction
7.2 Industrial Equipment
7.3 Construction & Mining Equipment
7.4 Agricultural Tractors
7.5 Heavy Duty Vehicle
7.6 Light Duty Vehicles
7.7 Other Vehicle Types
8 Global Advanced Tires Market, By Technology
8.1 Introduction
8.2 All In One Tires
8.3 Multi Chamber Tires
8.4 Self-Inflating Tires
8.5 Chip Embedded Tires
8.6 Other Technologies
9 Global Advanced Tires Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Pirelli & C. S.p.A
11.2 Sumitomo Corporation
11.3 Continental AG
11.4 THE YOKOHAMA RUBBER CO., LTD
11.5 Michelin
11.6 Hankook Tire & Technology Co.,Ltd.
11.7 Bridgestone Corporation
11.8 The Goodyear Tire & Rubber Company
11.9 Nokian Tyres plc.
11.10 Toyo Tire Corporation
List of Tables
1 Global Advanced Tires Market Outlook, By Region (2021-2030) ($MN)
2 Global Advanced Tires Market Outlook, By Material Type (2021-2030) ($MN)
3 Global Advanced Tires Market Outlook, By Elastomers (2021-2030) ($MN)
4 Global Advanced Tires Market Outlook, By Steel (2021-2030) ($MN)
5 Global Advanced Tires Market Outlook, By Synthetic Rubber (2021-2030) ($MN)
6 Global Advanced Tires Market Outlook, By Natural Rubber (2021-2030) ($MN)
7 Global Advanced Tires Market Outlook, By Other Material Types (2021-2030) ($MN)
8 Global Advanced Tires Market Outlook, By Type (2021-2030) ($MN)
9 Global Advanced Tires Market Outlook, By Airless Tires (2021-2030) ($MN)
10 Global Advanced Tires Market Outlook, By Run Flat Tires (2021-2030) ($MN)
11 Global Advanced Tires Market Outlook, By Pneumatic Tires (2021-2030) ($MN)
12 Global Advanced Tires Market Outlook, By Other Types (2021-2030) ($MN)
13 Global Advanced Tires Market Outlook, By Vehicle Type (2021-2030) ($MN)
14 Global Advanced Tires Market Outlook, By Industrial Equipment (2021-2030) ($MN)
15 Global Advanced Tires Market Outlook, By Construction & Mining Equipment (2021-2030) ($MN)
16 Global Advanced Tires Market Outlook, By Agricultural Tractors (2021-2030) ($MN)
17 Global Advanced Tires Market Outlook, By Heavy Duty Vehicle (2021-2030) ($MN)
18 Global Advanced Tires Market Outlook, By Light Duty Vehicles (2021-2030) ($MN)
19 Global Advanced Tires Market Outlook, By Other Vehicle Types (2021-2030) ($MN)
20 Global Advanced Tires Market Outlook, By Technology (2021-2030) ($MN)
21 Global Advanced Tires Market Outlook, By All In One Tires (2021-2030) ($MN)
22 Global Advanced Tires Market Outlook, By Multi Chamber Tires (2021-2030) ($MN)
23 Global Advanced Tires Market Outlook, By Self-Inflating Tires (2021-2030) ($MN)
24 Global Advanced Tires Market Outlook, By Chip Embedded Tires (2021-2030) ($MN)
25 Global Advanced Tires Market Outlook, By Other Technologies (2021-2030) ($MN)
26 North America Advanced Tires Market Outlook, By Country (2021-2030) ($MN)
27 North America Advanced Tires Market Outlook, By Material Type (2021-2030) ($MN)
28 North America Advanced Tires Market Outlook, By Elastomers (2021-2030) ($MN)
29 North America Advanced Tires Market Outlook, By Steel (2021-2030) ($MN)
30 North America Advanced Tires Market Outlook, By Synthetic Rubber (2021-2030) ($MN)
31 North America Advanced Tires Market Outlook, By Natural Rubber (2021-2030) ($MN)
32 North America Advanced Tires Market Outlook, By Other Material Types (2021-2030) ($MN)
33 North America Advanced Tires Market Outlook, By Type (2021-2030) ($MN)
34 North America Advanced Tires Market Outlook, By Airless Tires (2021-2030) ($MN)
35 North America Advanced Tires Market Outlook, By Run Flat Tires (2021-2030) ($MN)
36 North America Advanced Tires Market Outlook, By Pneumatic Tires (2021-2030) ($MN)
37 North America Advanced Tires Market Outlook, By Other Types (2021-2030) ($MN)
38 North America Advanced Tires Market Outlook, By Vehicle Type (2021-2030) ($MN)
39 North America Advanced Tires Market Outlook, By Industrial Equipment (2021-2030) ($MN)
40 North America Advanced Tires Market Outlook, By Construction & Mining Equipment (2021-2030) ($MN)
41 North America Advanced Tires Market Outlook, By Agricultural Tractors (2021-2030) ($MN)
42 North America Advanced Tires Market Outlook, By Heavy Duty Vehicle (2021-2030) ($MN)
43 North America Advanced Tires Market Outlook, By Light Duty Vehicles (2021-2030) ($MN)
44 North America Advanced Tires Market Outlook, By Other Vehicle Types (2021-2030) ($MN)
45 North America Advanced Tires Market Outlook, By Technology (2021-2030) ($MN)
46 North America Advanced Tires Market Outlook, By All In One Tires (2021-2030) ($MN)
47 North America Advanced Tires Market Outlook, By Multi Chamber Tires (2021-2030) ($MN)
48 North America Advanced Tires Market Outlook, By Self-Inflating Tires (2021-2030) ($MN)
49 North America Advanced Tires Market Outlook, By Chip Embedded Tires (2021-2030) ($MN)
50 North America Advanced Tires Market Outlook, By Other Technologies (2021-2030) ($MN)
51 Europe Advanced Tires Market Outlook, By Country (2021-2030) ($MN)
52 Europe Advanced Tires Market Outlook, By Material Type (2021-2030) ($MN)
53 Europe Advanced Tires Market Outlook, By Elastomers (2021-2030) ($MN)
54 Europe Advanced Tires Market Outlook, By Steel (2021-2030) ($MN)
55 Europe Advanced Tires Market Outlook, By Synthetic Rubber (2021-2030) ($MN)
56 Europe Advanced Tires Market Outlook, By Natural Rubber (2021-2030) ($MN)
57 Europe Advanced Tires Market Outlook, By Other Material Types (2021-2030) ($MN)
58 Europe Advanced Tires Market Outlook, By Type (2021-2030) ($MN)
59 Europe Advanced Tires Market Outlook, By Airless Tires (2021-2030) ($MN)
60 Europe Advanced Tires Market Outlook, By Run Flat Tires (2021-2030) ($MN)
61 Europe Advanced Tires Market Outlook, By Pneumatic Tires (2021-2030) ($MN)
62 Europe Advanced Tires Market Outlook, By Other Types (2021-2030) ($MN)
63 Europe Advanced Tires Market Outlook, By Vehicle Type (2021-2030) ($MN)
64 Europe Advanced Tires Market Outlook, By Industrial Equipment (2021-2030) ($MN)
65 Europe Advanced Tires Market Outlook, By Construction & Mining Equipment (2021-2030) ($MN)
66 Europe Advanced Tires Market Outlook, By Agricultural Tractors (2021-2030) ($MN)
67 Europe Advanced Tires Market Outlook, By Heavy Duty Vehicle (2021-2030) ($MN)
68 Europe Advanced Tires Market Outlook, By Light Duty Vehicles (2021-2030) ($MN)
69 Europe Advanced Tires Market Outlook, By Other Vehicle Types (2021-2030) ($MN)
70 Europe Advanced Tires Market Outlook, By Technology (2021-2030) ($MN)
71 Europe Advanced Tires Market Outlook, By All In One Tires (2021-2030) ($MN)
72 Europe Advanced Tires Market Outlook, By Multi Chamber Tires (2021-2030) ($MN)
73 Europe Advanced Tires Market Outlook, By Self-Inflating Tires (2021-2030) ($MN)
74 Europe Advanced Tires Market Outlook, By Chip Embedded Tires (2021-2030) ($MN)
75 Europe Advanced Tires Market Outlook, By Other Technologies (2021-2030) ($MN)
76 Asia Pacific Advanced Tires Market Outlook, By Country (2021-2030) ($MN)
77 Asia Pacific Advanced Tires Market Outlook, By Material Type (2021-2030) ($MN)
78 Asia Pacific Advanced Tires Market Outlook, By Elastomers (2021-2030) ($MN)
79 Asia Pacific Advanced Tires Market Outlook, By Steel (2021-2030) ($MN)
80 Asia Pacific Advanced Tires Market Outlook, By Synthetic Rubber (2021-2030) ($MN)
81 Asia Pacific Advanced Tires Market Outlook, By Natural Rubber (2021-2030) ($MN)
82 Asia Pacific Advanced Tires Market Outlook, By Other Material Types (2021-2030) ($MN)
83 Asia Pacific Advanced Tires Market Outlook, By Type (2021-2030) ($MN)
84 Asia Pacific Advanced Tires Market Outlook, By Airless Tires (2021-2030) ($MN)
85 Asia Pacific Advanced Tires Market Outlook, By Run Flat Tires (2021-2030) ($MN)
86 Asia Pacific Advanced Tires Market Outlook, By Pneumatic Tires (2021-2030) ($MN)
87 Asia Pacific Advanced Tires Market Outlook, By Other Types (2021-2030) ($MN)
88 Asia Pacific Advanced Tires Market Outlook, By Vehicle Type (2021-2030) ($MN)
89 Asia Pacific Advanced Tires Market Outlook, By Industrial Equipment (2021-2030) ($MN)
90 Asia Pacific Advanced Tires Market Outlook, By Construction & Mining Equipment (2021-2030) ($MN)
91 Asia Pacific Advanced Tires Market Outlook, By Agricultural Tractors (2021-2030) ($MN)
92 Asia Pacific Advanced Tires Market Outlook, By Heavy Duty Vehicle (2021-2030) ($MN)
93 Asia Pacific Advanced Tires Market Outlook, By Light Duty Vehicles (2021-2030) ($MN)
94 Asia Pacific Advanced Tires Market Outlook, By Other Vehicle Types (2021-2030) ($MN)
95 Asia Pacific Advanced Tires Market Outlook, By Technology (2021-2030) ($MN)
96 Asia Pacific Advanced Tires Market Outlook, By All In One Tires (2021-2030) ($MN)
97 Asia Pacific Advanced Tires Market Outlook, By Multi Chamber Tires (2021-2030) ($MN)
98 Asia Pacific Advanced Tires Market Outlook, By Self-Inflating Tires (2021-2030) ($MN)
99 Asia Pacific Advanced Tires Market Outlook, By Chip Embedded Tires (2021-2030) ($MN)
100 Asia Pacific Advanced Tires Market Outlook, By Other Technologies (2021-2030) ($MN)
101 South America Advanced Tires Market Outlook, By Country (2021-2030) ($MN)
102 South America Advanced Tires Market Outlook, By Material Type (2021-2030) ($MN)
103 South America Advanced Tires Market Outlook, By Elastomers (2021-2030) ($MN)
104 South America Advanced Tires Market Outlook, By Steel (2021-2030) ($MN)
105 South America Advanced Tires Market Outlook, By Synthetic Rubber (2021-2030) ($MN)
106 South America Advanced Tires Market Outlook, By Natural Rubber (2021-2030) ($MN)
107 South America Advanced Tires Market Outlook, By Other Material Types (2021-2030) ($MN)
108 South America Advanced Tires Market Outlook, By Type (2021-2030) ($MN)
109 South America Advanced Tires Market Outlook, By Airless Tires (2021-2030) ($MN)
110 South America Advanced Tires Market Outlook, By Run Flat Tires (2021-2030) ($MN)
111 South America Advanced Tires Market Outlook, By Pneumatic Tires (2021-2030) ($MN)
112 South America Advanced Tires Market Outlook, By Other Types (2021-2030) ($MN)
113 South America Advanced Tires Market Outlook, By Vehicle Type (2021-2030) ($MN)
114 South America Advanced Tires Market Outlook, By Industrial Equipment (2021-2030) ($MN)
115 South America Advanced Tires Market Outlook, By Construction & Mining Equipment (2021-2030) ($MN)
116 South America Advanced Tires Market Outlook, By Agricultural Tractors (2021-2030) ($MN)
117 South America Advanced Tires Market Outlook, By Heavy Duty Vehicle (2021-2030) ($MN)
118 South America Advanced Tires Market Outlook, By Light Duty Vehicles (2021-2030) ($MN)
119 South America Advanced Tires Market Outlook, By Other Vehicle Types (2021-2030) ($MN)
120 South America Advanced Tires Market Outlook, By Technology (2021-2030) ($MN)
121 South America Advanced Tires Market Outlook, By All In One Tires (2021-2030) ($MN)
122 South America Advanced Tires Market Outlook, By Multi Chamber Tires (2021-2030) ($MN)
123 South America Advanced Tires Market Outlook, By Self-Inflating Tires (2021-2030) ($MN)
124 South America Advanced Tires Market Outlook, By Chip Embedded Tires (2021-2030) ($MN)
125 South America Advanced Tires Market Outlook, By Other Technologies (2021-2030) ($MN)
126 Middle East & Africa Advanced Tires Market Outlook, By Country (2021-2030) ($MN)
127 Middle East & Africa Advanced Tires Market Outlook, By Material Type (2021-2030) ($MN)
128 Middle East & Africa Advanced Tires Market Outlook, By Elastomers (2021-2030) ($MN)
129 Middle East & Africa Advanced Tires Market Outlook, By Steel (2021-2030) ($MN)
130 Middle East & Africa Advanced Tires Market Outlook, By Synthetic Rubber (2021-2030) ($MN)
131 Middle East & Africa Advanced Tires Market Outlook, By Natural Rubber (2021-2030) ($MN)
132 Middle East & Africa Advanced Tires Market Outlook, By Other Material Types (2021-2030) ($MN)
133 Middle East & Africa Advanced Tires Market Outlook, By Type (2021-2030) ($MN)
134 Middle East & Africa Advanced Tires Market Outlook, By Airless Tires (2021-2030) ($MN)
135 Middle East & Africa Advanced Tires Market Outlook, By Run Flat Tires (2021-2030) ($MN)
136 Middle East & Africa Advanced Tires Market Outlook, By Pneumatic Tires (2021-2030) ($MN)
137 Middle East & Africa Advanced Tires Market Outlook, By Other Types (2021-2030) ($MN)
138 Middle East & Africa Advanced Tires Market Outlook, By Vehicle Type (2021-2030) ($MN)
139 Middle East & Africa Advanced Tires Market Outlook, By Industrial Equipment (2021-2030) ($MN)
140 Middle East & Africa Advanced Tires Market Outlook, By Construction & Mining Equipment (2021-2030) ($MN)
141 Middle East & Africa Advanced Tires Market Outlook, By Agricultural Tractors (2021-2030) ($MN)
142 Middle East & Africa Advanced Tires Market Outlook, By Heavy Duty Vehicle (2021-2030) ($MN)
143 Middle East & Africa Advanced Tires Market Outlook, By Light Duty Vehicles (2021-2030) ($MN)
144 Middle East & Africa Advanced Tires Market Outlook, By Other Vehicle Types (2021-2030) ($MN)
145 Middle East & Africa Advanced Tires Market Outlook, By Technology (2021-2030) ($MN)
146 Middle East & Africa Advanced Tires Market Outlook, By All In One Tires (2021-2030) ($MN)
147 Middle East & Africa Advanced Tires Market Outlook, By Multi Chamber Tires (2021-2030) ($MN)
148 Middle East & Africa Advanced Tires Market Outlook, By Self-Inflating Tires (2021-2030) ($MN)
149 Middle East & Africa Advanced Tires Market Outlook, By Chip Embedded Tires (2021-2030) ($MN)
150 Middle East & Africa Advanced Tires Market Outlook, By Other Technologies (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
