Global Low Rolling Resistance Tires Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Bias, Radial, Tubeless, Tube and Others.

By Vehicle;

Passenger Vehicle, Passenger Vehicle and Heavy Commercial Vehicle.

By Channel;

OEM and Aftermarket.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn105626820 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Low Rolling Resistance Tires Market (USD Million), 2021 - 2031

In the year 2024, the Global Low Rolling Resistance Tires Market was valued at USD 19,631.63 million. The size of this market is expected to increase to USD 48,225.81 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 13.7%.

The Global Low Rolling Resistance Tires Market represents a critical segment within the automotive industry, driven by increasing emphasis on fuel efficiency and environmental sustainability. Low rolling resistance tires are designed to minimize the energy loss that occurs as a vehicle's tires roll along the road surface, thereby improving fuel efficiency and reducing carbon emissions. This market has gained traction due to stringent regulations aimed at reducing greenhouse gas emissions and promoting eco-friendly technologies across the transportation sector.

Key drivers shaping the Global Low Rolling Resistance Tires Market include rising awareness among consumers and fleet operators regarding the benefits of fuel-efficient tires in reducing operational costs and carbon footprints. Government initiatives incentivizing the adoption of energy-efficient vehicles further propel market growth, as manufacturers respond with tire innovations that offer superior rolling resistance performance without compromising on safety or durability. Moreover, advancements in tire materials and engineering technologies continue to drive the development of next-generation low rolling resistance tires that meet evolving industry standards and consumer expectations.

The market for low rolling resistance tires spans across regions such as North America, Europe, Asia Pacific, and beyond. Each region exhibits distinct trends influenced by automotive production volumes, regulatory landscapes, and consumer preferences for fuel-efficient vehicles. The competitive landscape is characterized by leading tire manufacturers investing in research and development to introduce innovative tire designs and materials that optimize fuel economy and enhance vehicle performance. As global automotive industries continue to prioritize sustainability and efficiency, the Global Low Rolling Resistance Tires Market is poised for steady growth, supported by ongoing technological advancements and shifting market dynamics.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Vehicle
    3. Market Snapshot, By Channel
    4. Market Snapshot, By Region
  4. Global Low Rolling Resistance Tires Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Environmental Regulations
        2. Fuel Efficiency Demands
        3. Rising Fuel Prices
        4. Technological Advancements
        5. Growing Electric and Hybrid Vehicle Market
      2. Restraints
        1. Higher Initial Cost
        2. Performance Trade-offs
        3. Limited Consumer Awareness
        4. Variability in Road Conditions
        5. Regulatory Challenges in Different Regions
      3. Opportunities
        1. Increasing Adoption in Commercial Fleets
        2. Emerging Markets
        3. Research and Development Investments
        4. Collaborations and Partnerships
        5. Advances in Tire Materials
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Low Rolling Resistance Tires Market, By Type, 2021 - 2031 (USD Million)
      1. Bias
      2. Radial
      3. Tubeless
      4. Tube
      5. Others
    2. Global Low Rolling Resistance Tires Market, By Vehicle, 2021 - 2031 (USD Million)
      1. Passenger Vehicle
      2. Passenger Vehicle
      3. Heavy Commercial Vehicle
    3. Global Low Rolling Resistance Tires Market, By Channel, 2021 - 2031 (USD Million)
      1. OEM
      2. Aftermarket
    4. Global Low Rolling Resistance Tires Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
      5. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
  6. Competitive Landscape
    1. Company Profiles
      1. Bridgestone Corporation
      2. Michelin
      3. Continental AG
      4. Goodyear Tire and Rubber Company
      5. Pirelli & C. S.p.A.
      6. Hankook Tire & Technology Group
  7. Analyst Views
  8. Future Outlook of the Market