"Market Intelligence for High-Geared Performance"

Pneumatic Tire Market Size, Share & Industry Analysis, By Type (Air Pneumatics, Solid Pneumatics), By Vehicle Type (Passenger Cars, Commercial Vehicles) Others and Regional Forecast, 2021-2028

Region : Global | Report ID: FBI102243 | Status : Ongoing

 

KEY MARKET INSIGHTS

The unexpected air loss leads to the puncture of the vehicle, and this leads to loss of control of the vehicle and leading to the accident, causing a significant issue for highway safety. According to the data provided by the National Highway Traffic Safety Administration (NHTSA), there have been forty thousand deaths in the U.S. on an annual basis on road accidents. The tires are accounted for the one percent cause of the road accidental deaths i.e., four hundred deaths annually. There has been a variety of development in the tire to lower the air loss, such as run-flat tire, sealant tires, and airless tires. There have been standards implemented by federal law to have a tire pressure monitoring system (TPMS) in light-duty vehicles in the U.S. to overcome the problem of underinflation.


Key Market Driver -

The rising production of the commercial vehicles is expected to drive the growth of the market

Key Market Restraint -

The puncture failure rate of pneumatic tire is expected to hamper the growth of the market.


The rising production of the commercial vehicle is expected to drive the growth of the pneumatic tire market over the forecast period. The pneumatic tire has an essential function in the transportation industries owing to its characteristics such as damping and deformation that provides a vehicle to readily mobile over all environment and terrains. The puncture failure rate of a pneumatic tire, this factor is expected to restrain the growth of the pneumatic tire market over the forecast period.


Market Segmentation: 


The global pneumatic tire market has been segmented into type, vehicle type, and region. By type, the global pneumatic tire market is segmented into the air pneumatic tire and solid pneumatic tire. The air pneumatic tire segment is expected to dominate the market over the forecast period. The air pneumatic tire has the ability to absorb the roughness of terrain by allowing less bumpy, smoother ride with less shaking; these all factors are expected to propel the growth of this segment in the market. The solid pneumatic tire segment is also expected to show good growth in the market over the forecast period. By vehicle type, further, the market has been segmented into passenger cars and commercial vehicles. The commercial vehicle segment is expected to dominate the market over the forecast period owing to the large usage of the pneumatic tire. The pneumatic tire is mostly used on working on uneven terrain.


Key Players Covered in the Pneumatic Tire Market:


Some of the major companies that are present in the pneumatic tire market include Continental AG, Bridgestone Corporation, Goodyear Tire and Rubber Company, Michelin, Trelleborg Group, among others.


Key Insights



  • New Advancements in Pneumatic Tire

  • Number of Products, Key Countries, 2018

  • New Product Launches, Key Players


Regional Analysis:


To gain extensive insights into the market, Request for Customization


Geographically, the Pneumatic Tire market is segmented into North America, Europe, Asia Pacific, and the rest of the world. North America is expected to dominate the market over the forecast period. The rising production and sales of commercial vehicles in this region are expected to propel the market’s growth in this region. Asia-Pacific is also expected to show good growth in the Pneumatic Tire market over the forecast period. The rising sale and production of the vehicles in this region are likely to propel the demand for the pneumatic tire in this region. Europe is also expected to show good growth in the Pneumatic Tire market over the forecast period.


SEGMENTATION






















 ATTRIBUTE


 DETAILS

By Type




  • Air Pneumatics

  • Solid Pneumatics



By Vehicle Type




  • Passenger Cars

  • Commercial Vehicles



By Region




  • North America (USA, Canada, and Mexico)

  • Europe (Germany, France, U.K., and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)

  • Rest of the World



Key Industry Developments:



  • December 2019: Bridgestone Corporation developed new sensor technology for the autonomous cars. This sensor is known as Smart Strain Sensor it records tire wear and load information while at lower speed also. It also next generation Internet of Things (IoT) technologies.


Pneumatic Tire  Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2020
  • 2017-2019

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Automotive & Transportation Clients

Hitachi
Asahi
GM
Hyundai
Deloitee

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info.
X