Global High-performance Tires Market Size and Share Analysis 2023-2028
- बाज़ार रिपोर्ट
- पहचान: XAT797GM
- डिलीवरी का समय: 1 दिन के कारोबार
- टैग: High-performance Tires
बाजार अवलोकन
The high-performance tires market, valued at USD 46.5 अरब में 2022, is expected to reach USD 75.4 billion by 2028, with a CAGR of 9.07% पूर्वानुमान अवधि के दौरान (2023 – 2028).
High-performance tires are designed to provide cars with better grip and responsiveness on both wet and dry roads. These tires are specially built and designed using unique compounds, materials, and tread patterns to maximize performance. They enhance various aspects of a vehicle’s performance, including road grip, responsiveness, handling, braking, and steering wheel feedback.
उत्पाद का प्रकार | Market Research |
---|---|
Pages | 123 |
रिलीज़ की तारीख | March 2023 |
आधार वर्ष | 2022 |
पूर्वानुमान अवधि | 2023-2028 |
मार्केट के खरीददार और बेचने वाले | USD 46.5 अरब में 2021 |
बाजार के विभिन्न क्षेत्रों | Tire Type, Vehicle Type, Sales Channel, क्षेत्र |
क्षेत्र | Global |
नहीं. उल्लिखित कंपनियों का | 10 |
The market for high-performance tires is expected to witness significant growth in the coming years due to increasing consumer awareness of performance and safety issues, as well as the rising demand for high-performance vehicles. These tires are particularly popular for sports cars, luxury automobiles, and other high-performance vehicles because they offer superior handling, traction, and stability at high speeds.
Factors driving the market include the demand for luxury and sports cars, rising disposable income, and increased awareness about the value of performance and safety. The growing popularity of racing and motorsports also contributes to the demand for high-performance tires. इसके अतिरिक्त, the desire for fuel economy and the expansion of different forms of car racing contests are likely to boost sales of high-performance tires.
Companies are investing heavily in research and development to enhance the performance of their vehicles, leading to technological advancements in tire manufacturing. Next-generation high-performance tires now offer features such as multi-season driving safety, ride comfort, low noise, and improved fuel efficiency to meet evolving customer needs. For example, Hankook Tire & Technology recently introduced the Ventus S1 evo3 EV, an extremely high-performance tire optimized for electric vehicles, with low rolling resistance, high load-carrying capacity, and low noise levels.
The COVID-19 pandemic had a short-term impact on the automotive tire market, as production and sales of new vehicles declined in 2020 due to restrictions and decreased maintenance and tire replacements.
The sales of high-performance tires have seen significant growth, driven by the increasing popularity of various types of automotive racing competitions. Different types of races, ranging from Formula One to SUV races and dirt bike races, have attracted sponsorships and promotional activities, contributing to market growth.
Overall, tire manufacturers are incorporating new technologies into high-performance tire production to push the boundaries of size, speed, and performance characteristics. These advancements aim to provide customers with enhanced safety, comfort, and fuel efficiency, aligning with their changing preferences.
बाजार विभाजन
बाज़ार को विभिन्न कारकों के आधार पर विभाजित किया गया है, including tire type, vehicle type, sales channel, और क्षेत्र.
Segmentation by Tire Type
Racing Slick
Tread Tires
Other Tire Types
Segmentation by Vehicle Type
Racing Cars
Off-the Road Vehicles
Other Vehicle Types
Segmentation by Sales Channel
OEM
Replacement/Aftermarket
Segmentation by Region
उत्तरी अमेरिका – संयुक्त राज्य अमेरिका, कनाडा, Rest of North America
यूरोप – यूनाइटेड किंगडम, जर्मनी, फ्रांस, रूस, and Rest of Europe
एशिया प्रशांत – चीन, जापान, भारत, दक्षिण कोरिया, and Rest of Asia-Pacific
शेष विश्व – Latin America and Middle East and Africa
The tread tires segment of the market was valued at USD 46.2 Billion in 2022, and it is expected to reach USD 75.0 Billion by 2028, registering a compound annual growth rate (सीएजीआर) का 9.08% पूर्वानुमान अवधि के दौरान (2023 – 2028). Treaded high-performance tires have become increasingly popular in recent years, particularly in the market segment for high-performance tires. This can be attributed to the growing number of high-performance cars and heavy-duty vehicles used in rugged environments, creating a rising demand for durable and high-performance treaded tires.
To meet the significant market demand for treaded tires compared to slick tires, numerous tire manufacturing companies have been introducing new products with competitive pricing and highly functional treads for vehicles of various sizes. These offerings cater to both on-road and off-road applications. For example, in May 2022, Bridgestone Americas launched a new drive tire tread called Bandag B713 FuelTech, specifically designed to enhance retread value for fleet usage. It incorporates a new proprietary compound, 3D siping, and a continuous shoulder, providing fuel efficiency and extended wear life. इसके अतिरिक्त, in March 2022, Bridgestone announced an investment in Tyrata, a tire sensor and data management company that specializes in monitoring, tracking, and predicting tire tread wear through drive-over sense technology.
The extensive mining and construction activities worldwide have generated a substantial demand for heavy-duty trucks and their associated tires for efficient material transportation on-site. Major tire manufacturers have responded to this demand by developing next-generation tires and innovative tread designs. For instance, in August 2022, Apollo Tyres introduced five new truck and bus radial tires for the Indian market that offer even wear characteristics, durability, and exceptional initial tread mileage. The groove design of these tires provides stability, traction, and steerability.
The replacement/aftermarket segment of the market was valued at USD 813.31 मिलियन इन 2022, and it is expected to reach USD 1032.86 मिलियन द्वारा 2028, with a CAGR of 9.78% पूर्वानुमान अवधि के दौरान (2023 – 2028). Aftermarket or replacement high-performance tires have emerged as a significant market segment that is experiencing substantial growth and projected to continue on an upward trajectory in the coming years. The increasing availability of performance used cars has resulted in a significant surge in the demand for replacement high-performance tires. आगे, the ongoing construction and mining activities have shortened the lifecycles of heavy-duty tires, leading to a substantial increase in demand for aftermarket or replacement fit tires. As a result, with the potential for significant growth in the used vehicles market worldwide, the replacement tires segment is expected to experience a surge in demand in the years ahead.
The other vehicle types segment of the market was valued at USD 28,240 मिलियन इन 2022, and it is projected to reach USD 45,661 मिलियन द्वारा 2028, का सीएजीआर दर्ज करना 8.98% पूर्वानुमान अवधि के दौरान (2023 – 2028). The growing mining activity driven by the demand for lithium for electric vehicle batteries, combined with increased investments in infrastructure development and the construction sector, has led to a higher usage of heavy-duty haulage trucks worldwide.
The Chinese segment of the market accounted for USD 11,491 मिलियन इन 2022, and it is expected to reach USD 18,693 मिलियन द्वारा 2028, projecting a CAGR of 9.14% पूर्वानुमान अवधि के दौरान (2023-2028). The Chinese government has implemented incentive plans to boost auto sales and offers subsidies on the purchase of electric vehicles, aiming to promote the expansion of the automotive industry in the country. For instance, according to the China Association of Automobile Manufacturers (CAAM), auto sales in China surged by 29.7% in July 2022 compared to the previous year, reaching 2.42 million units. In the same period, sales of new energy vehicles, including pure electric vehicles, plug-in hybrids, and hydrogen fuel-cell vehicles, increased by 120% compared to the previous year. में 2021, approximately 505,000 buses and 4.3 million trucks were sold in China, reflecting a 13% increase in bus sales compared to the previous year. इसके अतिरिक्त, China is home to some of the world’s largest light-vehicle manufacturers, with a significant portion of these vehicles being exported overseas. According to the China Passenger Car Association (CPCA), China exported over 760,000 cars in the first five months of 2021, with main destinations including Chile, सऊदी अरब, रूस, and Australia.
प्रतिस्पर्धी परिदृश्य
The market for high-performance tires is characterized by intense competition, primarily driven by the presence of numerous international players and a smaller number of regional competitors. Continental AG, Bridgestone Corporation, Pirelli & C. SpA, MRF, Michelin, and other prominent companies are key players in this market.
These market leaders typically operate through multiple subsidiaries, each focusing on specific products tailored to different countries. For instance, Yokohama and Pirelli are actively seeking to enhance their market presence by establishing production facilities and manufacturing new tires in accordance with the modified F1 regulations, thereby establishing comprehensive supply chains. Bridgestone and Michelin have made substantial investments in Canada, aiming to expand their product portfolios specifically in the automotive tire segment.
Key Companies Profiled in this report include Bridgestone Corporation, Continental AG, Goodyear Tire & Rubber Company, Hankook Tire & Technology Co. लिमिटेड, Kumho Tire Co. Inc., Michelin, MRF Limited, Pirelli & C. SpA, Yokohama Rubber Co. लिमिटेड.
Market Recent Developments
सितम्बर में 2022, Bridgestone Americas introduced the Firestone Firehawk AS V2, an all-season ultra-high-performance tire.
In May 2022, ZC Rubber launched the Westlake ZuperAce Z-007, an ultra-high-performance passenger car tire. The tire incorporates nano-silica technology to enhance grip and fuel efficiency.
March 2022 saw the release of the Hankook Tire Ventus S1 AS, an ultra-high-performance all-season tire. It features an asymmetric tread pattern designed to optimize driving performance throughout the year.
Continental unveiled the Super Contact 7 ultra-high-performance tires in September 2021. According to Continental, the new Sport Contact offers a six percent improvement in dry braking and a 17 percent longer service life compared to previous models. It is characterized as a high-performance, handling-oriented tire that emphasizes safety and durability. On the racetrack, it demonstrates a 10% increase in mileage and an eight percent reduction in wet braking distances.
मुख्य प्रश्नों के उत्तर दिये गये
What is the duration of the study period for this market?
What is the growth rate of the High Performance Tire Market?
What is the size of the High Performance Tire Market?
Which region exhibits the highest growth rate in the High Performance Tire Market?
Which region holds the largest share in the High Performance Tire Market?
Who are the major players in the High Performance Tire Market?
USD 4,750 मूल कीमत थी: अमरीकी डालर 4,750.USD 2,850वर्तमान कीमत है: अमरीकी डालर 2,850.