Low Rolling Resistance Tires (LRRT) Market Trends, Business Overview, Industry Growth and Forecast to 2028

Low rolling resistance tires (LRRTs) are tires that reduce fuel economy and CO₂ emissions. Low rolling resistance is achieved by the design of the tire providing better grip in a variety of road conditions, such as wet or wet road surfaces. LRRT reduces energy wastage due to higher friction between the tire surface and the ground during rotation. Factors such as increasing automobile production and increasing demand for energy efficiency in the transportation sector are driving the market growth.

 

Key Players

 

• Michelin
• Bridgestone
• Continental
• Pirelli
• Goodyear
• Shanghai Huayi
• Sumitomo Rubber Industries
• ZC Rubber
• Yokohama
• Nokian Tyres
• Hankook
• Maxxis

 

Market – Segmentation

By Type

• All-Steel Tire
• Semi-Steel Tire

 

By Application

• Passenger Cars
• LCVs
• Others

 

Scope of the Report

 

The research study analyses the Global Low Rolling Resistance Tires (LRRT) Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

 

Recent Developments

 

o Market Overview and growth analysis

o Import and Export Overview

o Volume Analysis

o Current Market Trends and Future Outlook

o Market Opportunistic and Attractive Investment Segment

 

Geographic Coverage 

 

• North America Market Size and/or Volume
• Latin America Market Size and/or Volume
• Europe Market Size and/or Volume
• Asia-Pacific Market Size and/or Volume
• Rest of the world Market Size and/or Volume

 

Key Questions Answered by Low Rolling Resistance Tires (LRRT) Market Report :

1. What was the Low Rolling Resistance Tires (LRRT) Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Low Rolling Resistance Tires (LRRT) Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Low Rolling Resistance Tires (LRRT) Market was the market leader in 2021s?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.