The Low Rolling Resistance Tire Market size was valued at USD 20.26 Billion in 2023 and the total Low Rolling Resistance Tire Market revenue is expected to grow at a CAGR of 11.2% from 2024 to 2030, reaching nearly USD 42.59 Billion. Low Rolling Resistance Tire Market Low-rolling-resistance tires are made to enhance a vehicle’s fuel efficiency by minimizing the energy lost due to the tire’s flexing while it rolls. By reducing this energy loss, which is usually turned into heat at the tire’s contact with the road, these tires help the vehicle use fuel more efficiently. The growing emphasis on fuel efficiency and emission reduction in the automotive industry. As governments worldwide implement stringent environmental regulations, automakers are increasingly adopting LRRTs to meet these standards and enhance vehicle performance. The advancements in tire technology, increasing electric vehicle adoption, and rising consumer awareness about sustainability. The ongoing research and development in materials and design are expected to lead to improvements in tire efficiency, durability, and cost-effectiveness, fostering broader market adoption across passenger, commercial, and industrial vehicle segments. These factors significantly boost the Low Rolling Resistance Tire Market.To know about the Research Methodology:-Request Free Sample Report
Low Rolling Resistance Tire Market Dynamics
Growing Production and Sales of Passenger and Light Commercial Vehicles drive the Low Rolling Resistance Tire Market growth The increasing production and sales of passenger and light commercial vehicles are boosting the growth of the Low rolling resistance tires market. These tires improve fuel efficiency and reduce CO2 emissions. According to an MMR Study, Low rolling resistance tires enhance fuel efficiency by up to 4-5%. This improvement translates to significant cost savings over the lifespan of a vehicle, potentially saving hundreds of dollars on fuel. Also, LRR tires reduce CO2 emissions by as much as 300 kilograms per year for an average vehicle. Vehicle manufacturers are focusing on improving fuel economy due to stricter environmental regulations, making LRR tires a popular choice. These tires reduce the energy lost as heat when the tire rolls, leading to better fuel efficiency and lower operational costs. Many new car models, such as the Toyota Prius, come equipped with LRR tries to meet high fuel efficiency standards. As the automotive industry increasingly adopts LRR technology to meet regulatory requirements and consumer demand for greener vehicles, the market for these tires is growing correspondingly.The high Initial Cost of Adopting These Tires limits the Low Rolling Resistance Tire Market The high initial cost of Low Rolling Resistance tires hinders their widespread adoption, particularly among small and medium-sized enterprises. Low Rolling Resistance tires use advanced technologies designed to reduce rolling resistance and enhance fuel efficiency, leading to higher manufacturing costs compared to traditional tires. This elevated cost deters consumers and slows the growth of the Low Rolling Resistance tire market. Also, the rapid evolution of technology in the tire industry requires manufacturers to continually upgrade their products to remain competitive. The expenses associated with research, development, and the implementation of these new technologies contribute to increased operational costs. Smaller manufacturers, in particular, struggle to keep up with these financial demands, which limit their ability to broaden their market presence and compete effectively. As a result, while Low Rolling Resistance tires offer significant benefits in fuel efficiency, the financial barriers associated with their production and technological advancements constrain their adoption and Low Rolling Resistance Tier market growth. Technological Advancements In tire designs and materials create lucrative growth opportunities for the rolling Resistance Tire Market Innovations such as advanced tread patterns, improved rubber compounds, and lighter materials reduce rolling resistance, leading to better fuel efficiency and lower emissions. These advancements make Low Rolling Resistance tires more attractive to consumers and businesses seeking to reduce operational costs and meet environmental regulations. For instance, Michelin's Energy Saver A/S tire features a unique tread pattern that minimizes rolling resistance, resulting in improved fuel efficiency and reduced emissions. Also, The development of smart tires equipped with sensors for monitoring performance and wear contributes to increased safety and maintenance efficiency. For example, Goodyear's Intelligent Tire System uses sensors to monitor tire pressure, temperature, and wear, providing real-time data to drivers and fleet managers. This technology enhances safety by alerting drivers to potential issues before they become critical. As automotive manufacturers and fleets increasingly prioritize sustainability and cost savings, the demand for technologically advanced LRR tires grows. This creates opportunities for tire manufacturers to differentiate their products and capture a larger market share. By investing in Innovative technologies, companies such as Bridgestone, which offers the Ecopia EP422 tire with advanced fuel-saving features, address consumer needs for fuel efficiency and sustainability, driving growth in the Low Rolling Resistance Tire Market. These innovations underscore the importance of technological advancements in the Low Rolling Resistance Tire Market Government Rules and Regulations
Category Details New Source Performance Standards (NSPS) The U.S. Environmental Protection Agency (EPA) has promulgated standards of performance for the rubber tire manufacturing industry under the Clean Air Act (CAA), Section 111. These standards aim to reduce volatile organic compounds (VOC) emissions from various tire manufacturing processes such as undertreated cementing and green tire spraying. Tire Safety and Performance Standards The Tire Manufacturers Association (USTMA) works closely with regulatory bodies to advocate for safety-enhancing and pro-competitive provisions. These provisions include aligning U.S. tire performance standards with international standards, improving the tire recall process, and enhancing fuel efficiency and wet traction. Indian Tire Regulations In India, the Ministry of Road Transport and Highways (MoRTH) has introduced new regulations to improve tire safety and performance. These regulations include revising technical requirements for rolling resistance, wet grip, and rolling sound emissions to align with European standards. The industry has raised concerns about the short implementation timeline and the lack of adequate testing facilities. Mandatory Quality Control Norms From March 2025, about 70 types and sizes of tires will be subjected to mandatory quality control norms. This includes the notification of an updated list of 960 tire sizes and types, with 70 sizes being excluded from the exemption list. The aim is to curb the import of substandard products and enhance the quality of domestically manufactured products. Government Regulatory Testing Smithers offers comprehensive testing for various international government standards for tires, including FMVSS, CMVSS, ASTM, SAE, and NOM. This testing is crucial for ensuring compliance with regulatory requirements. Low Rolling Resistance Tire Market Segment Analysis
Based on Vehicle Type, the Low Rolling Resistance Tire Market is segmented into Light Passenger vehicles, Commercial Vehicles (LCVs), and Heavy Commercial Vehicles (HCVs). The passenger vehicle segment dominated the global Low Rolling Resistance Tire Market in the year 2023,. Rolling Resistance Tires are designed to enhance fuel efficiency by reducing the energy lost as heat while rolling, which is highly beneficial for passenger vehicles where fuel economy is a major concern. This efficiency translates into cost savings for consumers and lower emissions, aligning with the growing emphasis on sustainability. Also, stringent government regulations and standards regarding fuel efficiency and emissions have driven demand for LRR tires in passenger cars. Automakers are increasingly incorporating LRR tires in their models to meet these regulations and appeal to eco-conscious consumers. Furthermore, advancements in tire technology have improved LRR tire performance, making them more attractive to vehicle owners. These factors have contributed to the significant market share of LRR tires in the passenger vehicle segment.
Low Rolling Resistance Tire Market Regional Analysis
North America significantly dominated the Low Rolling Resistance Tire Market in the year 2023. Due to a combination of regulatory, economic, and technological factors. The U.S. and Canada have stringent regulations aimed at reducing fuel consumption and emissions, driving the demand for Low Rolling Resistance Tire. For instance, the Corporate Average Fuel Economy (CAFE) standards in the U.S. encourage the use of technologies that improve fuel efficiency, including LRR tires. Economic factors also play a role; high fuel prices in North America make consumers and fleet operators more receptive to technologies that enhance fuel efficiency. Also, North American tire manufacturers have invested heavily in LRR technology, leading to advancements that further boost Low Rolling Resistance Tire market growth. The widespread adoption of LRR tires by major U.S. automakers such as Ford and General Motors, which have integrated these tires into their vehicles to meet regulatory requirements and appeal to environmentally conscious consumers. This has solidified North America's leading position in the global market.
Low Rolling Resistance Tire Market Scope: Inquire before buying
Low Rolling Resistance Tire Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 20.26 Bn. Forecast Period 2024 to 2030 CAGR: 11.2% Market Size in 2030: US $ 42.59 Bn. Segments Covered: by Type Bias Radial Tubeless Tube Others by Vehicle Passenger Vehicle Light Commercial Vehicle (LCV) Heavy Commercial Vehicle (HCV) by Sales Channel OEM Aftermarket Low Rolling Resistance Tire Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest) South America (Brazil, Argetina and Rest of South America)Low Rolling Resistance Tire Market, Key Players:
1. Bridgestone Corporation (Tokyo, Japan) 2. Michelin Group ( Clermont-Ferrand, France) 3. Goodyear Tire & Rubber Company ( Akron, Ohio, USA) 4. Continental AG ( Hanover, Germany) 5. Pirelli & C. S.p.A. (Milan, Italy) 6. Sumitomo Rubber Industries, Ltd. ( Kobe, Japan) 7. Hankook Tire & Technology Co., Ltd. ( Seoul, South Korea) 8. Yokohama Rubber Company, Ltd. (Tokyo, Japan) 9. Toyo Tire Corporation ( Itami, Japan) 10. Cooper Tire & Rubber Company (Findlay, Ohio, USA) 11. Nokian Tyres plc ( Nokia, Finland) 12. Apollo Tyres Ltd. ( Gurugram, India) 13. Kumho Tire Co., Inc. (Gwangju, South Korea) 14. Maxxis International ( Taoyuan, Taiwan) 15. Giti Tire ( Singapore) 16. Carlisle Companies Incorporated (Scottsdale, Arizona, USA) 17. ZC Rubber Group Co., Ltd. (Hangzhou, China) 18. Cheng Shin Rubber Ind. Co., Ltd. (CST Tires) ( Taipei, Taiwan) FAQs: 1. What are the growth drivers for the Low Rolling Resistance Tire Market? Ans. Advanced Technologies to drive the growth of the Low Rolling Resistance Tire market 2. Which country is expected to lead the global Low Rolling Resistance Tire Market during the forecast period? Ans. North America is expected to lead the Low Rolling Resistance Tire Market during the forecast period. 3. What is the projected market size and growth rate of the Low Rolling Resistance Tire Market? Ans. The Low Rolling Resistance Tire Market size was valued at USD 20.26 Billion in 2023 and the total Low Rolling Resistance Tire Market revenue is expected to grow at a CAGR of 11.2 % from 2024 to 2030, reaching nearly USD 42.59 Billion. 4. What segments are covered in the Low Rolling Resistance Tire Market report? Ans. The segments covered in the Low Rolling Resistance Tire Market report are by Type, Vehicle, Sales Channel, and Region.
1. Low Rolling Resistance Tire Market: Research Methodology 2. Low Rolling Resistance Tire Market Introduction 2.1. Study Assumption and Market Definition 2.2. Scope of the Study 2.3. Executive Summary 3. Global Low Rolling Resistance Tire Market: Competitive Landscape 3.1. MMR Competition Matrix 3.2. Competitive Landscape 3.3. Key Players Benchmarking 3.3.1. Company Name 3.3.2. Product Segment 3.3.3. End-user Segment 3.3.4. Revenue (2023) 3.3.5. Headquarter 4. Low Rolling Resistance Tire Market: Dynamics 4.1. Low Rolling Resistance Tire Market Trends 4.2. Low Rolling Resistance Tire Market Dynamics 4.2.1.1. Drivers 4.2.1.2. Restraints 4.2.1.3. Opportunities 4.2.1.4. Challenges 4.3. PORTER’s Five Forces Analysis 4.4. PESTLE Analysis 4.5. Technology Roadmap 4.6. Regulatory Landscape 4.7. Key Opinion Leader Analysis For Low Rolling Resistance Tire Market 4.8. Analysis of Government Schemes and Initiatives For the Low-Rolling Resistance Tire Market 4.9. The Global Pandemic Impact on Low Rolling Resistance Tire Market 5. Low Rolling Resistance Tire Market: Global Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 5.1. Low Rolling Resistance Tire Market Size and Forecast, by Type (2023-2030) 5.1.1. Bias 5.1.2. Radial 5.1.3. Tubeless 5.1.4. Tube 5.1.5. Others 5.2. Low Rolling Resistance Tire Market Size and Forecast, by Vehicle (2023-2030) 5.2.1. Passenger Vehicle 5.2.2. Light Commercial Vehicle (LCV) 5.2.3. Heavy Commercial Vehicle (HCV) 5.3. Low Rolling Resistance Tire Market Size and Forecast, by Sales Channel (2023-2030) 5.3.1. OEM 5.3.2. Aftermarket 5.4. Low Rolling Resistance Tire Market Size and Forecast, by Region (2023-2030) 5.4.1. North America 5.4.2. Europe 5.4.3. Asia Pacific 5.4.4. Middle East and Africa 5.4.5. South America 6. North America Low Rolling Resistance Tire Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 6.1. North America Low Rolling Resistance Tire Market Size and Forecast, by Type (2023-2030) 6.1.1. Bias 6.1.2. Radial 6.1.3. Tubeless 6.1.4. Tube 6.1.5. Others 6.2. North America Low Rolling Resistance Tire Market Size and Forecast, by Vehicle (2023-2030) 6.2.1. Passenger Vehicle 6.2.2. Light Commercial Vehicle (LCV) 6.2.3. Heavy Commercial Vehicle (HCV) 6.3. North America Low Rolling Resistance Tire Market Size and Forecast, by Sales Channel (2023-2030) 6.3.1. OEM 6.3.2. Aftermarket 6.4. North America Low Rolling Resistance Tire Market Size and Forecast, by Country (2023-2030) 6.4.1. United States 6.4.1.1. United States Low Rolling Resistance Tire Market Size and Forecast, by Type (2023-2030) 6.4.1.1.1. Bias 6.4.1.1.2. Radial 6.4.1.1.3. Tubeless 6.4.1.1.4. Tube 6.4.1.1.5. Others 6.4.1.2. United States Low Rolling Resistance Tire Market Size and Forecast, by Vehicle (2023-2030) 6.4.1.2.1. Passenger Vehicle 6.4.1.2.2. Light Commercial Vehicle (LCV) 6.4.1.2.3. Heavy Commercial Vehicle (HCV) 6.4.1.3. United States Low Rolling Resistance Tire Market Size and Forecast, by Sales Channel (2023-2030) 6.4.1.3.1. OEM 6.4.1.3.2. Aftermarket 6.4.2. Canada 6.4.2.1. Canada Low Rolling Resistance Tire Market Size and Forecast, by Type (2023-2030) 6.4.2.1.1. Bias 6.4.2.1.2. Radial 6.4.2.1.3. Tubeless 6.4.2.1.4. Tube 6.4.2.1.5. Others 6.4.2.2. Canada Low Rolling Resistance Tire Market Size and Forecast, by Vehicle (2023-2030) 6.4.2.2.1. Passenger Vehicle 6.4.2.2.2. Light Commercial Vehicle (LCV) 6.4.2.2.3. Heavy Commercial Vehicle (HCV) 6.4.2.3. Canada Low Rolling Resistance Tire Market Size and Forecast, by Sales Channel (2023-2030) 6.4.2.3.1. OEM 6.4.2.3.2. Aftermarket 6.4.3. Mexico 6.4.3.1. Mexico Low Rolling Resistance Tire Market Size and Forecast, by Type (2023-2030) 6.4.3.1.1. Bias 6.4.3.1.2. Radial 6.4.3.1.3. Tubeless 6.4.3.1.4. Tube 6.4.3.1.5. Others 6.4.3.2. Mexico Low Rolling Resistance Tire Market Size and Forecast, by Vehicle (2023-2030) 6.4.3.2.1. Passenger Vehicle 6.4.3.2.2. Light Commercial Vehicle (LCV) 6.4.3.2.3. Heavy Commercial Vehicle (HCV) 6.4.3.3. Mexico Low Rolling Resistance Tire Market Size and Forecast, by Sales Channel (2023-2030) 6.4.3.3.1. OEM 6.4.3.3.2. Aftermarket 7. Europe Low Rolling Resistance Tire Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 7.1. Europe Low Rolling Resistance Tire Market Size and Forecast, by Type (2023-2030) 7.2. Europe Low Rolling Resistance Tire Market Size and Forecast, by Vehicle (2023-2030) 7.3. Europe Low Rolling Resistance Tire Market Size and Forecast, by Sales Channel (2023-2030) 7.4. Europe Low Rolling Resistance Tire Market Size and Forecast, by Country (2023-2030) 7.4.1. United Kingdom 7.4.1.1. United Kingdom Low Rolling Resistance Tire Market Size and Forecast, by Type (2023-2030) 7.4.1.2. United Kingdom Low Rolling Resistance Tire Market Size and Forecast, by Vehicle (2023-2030) 7.4.1.3. United Kingdom Low Rolling Resistance Tire Market Size and Forecast, by Sales Channel (2023-2030) 7.4.2. France 7.4.2.1. France Low Rolling Resistance Tire Market Size and Forecast, by Type (2023-2030) 7.4.2.2. France Low Rolling Resistance Tire Market Size and Forecast, by Vehicle (2023-2030) 7.4.2.3. France Low Rolling Resistance Tire Market Size and Forecast, by Sales Channel (2023-2030) 7.4.3. Germany 7.4.3.1. Germany Low Rolling Resistance Tire Market Size and Forecast, by Type (2023-2030) 7.4.3.2. Germany Low Rolling Resistance Tire Market Size and Forecast, by Vehicle (2023-2030) 7.4.3.3. Germany Low Rolling Resistance Tire Market Size and Forecast, by Sales Channel (2023-2030) 7.4.4. Italy 7.4.4.1. Italy Low Rolling Resistance Tire Market Size and Forecast, by Type (2023-2030) 7.4.4.2. Italy Low Rolling Resistance Tire Market Size and Forecast, by Vehicle (2023-2030) 7.4.4.3. Italy Low Rolling Resistance Tire Market Size and Forecast, by Sales Channel (2023-2030) 7.4.5. Spain 7.4.5.1. Spain Low Rolling Resistance Tire Market Size and Forecast, by Type (2023-2030) 7.4.5.2. Spain Low Rolling Resistance Tire Market Size and Forecast, by Vehicle (2023-2030) 7.4.5.3. Spain Low Rolling Resistance Tire Market Size and Forecast, by Sales Channel (2023-2030) 7.4.6. Sweden 7.4.6.1. Sweden Low Rolling Resistance Tire Market Size and Forecast, by Type (2023-2030) 7.4.6.2. Sweden Low Rolling Resistance Tire Market Size and Forecast, by Vehicle (2023-2030) 7.4.6.3. Sweden Low Rolling Resistance Tire Market Size and Forecast, by Sales Channel (2023-2030) 7.4.7. Austria 7.4.7.1. Austria Low Rolling Resistance Tire Market Size and Forecast, by Type (2023-2030) 7.4.7.2. Austria Low Rolling Resistance Tire Market Size and Forecast, by Vehicle (2023-2030) 7.4.7.3. Austria Low Rolling Resistance Tire Market Size and Forecast, by Sales Channel (2023-2030) 7.4.8. Rest of Europe 7.4.8.1. Rest of Europe Low Rolling Resistance Tire Market Size and Forecast, by Type (2023-2030) 7.4.8.2. Rest of Europe Low Rolling Resistance Tire Market Size and Forecast, by Vehicle (2023-2030) 7.4.8.3. Rest of Europe Low Rolling Resistance Tire Market Size and Forecast, by Sales Channel (2023-2030) 8. Asia Pacific Low Rolling Resistance Tire Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 8.1. Asia Pacific Low Rolling Resistance Tire Market Size and Forecast, by Type (2023-2030) 8.2. Asia Pacific Low Rolling Resistance Tire Market Size and Forecast, by Vehicle (2023-2030) 8.3. Asia Pacific Low Rolling Resistance Tire Market Size and Forecast, by Sales Channel (2023-2030) 8.4. Asia Pacific Low Rolling Resistance Tire Market Size and Forecast, by Country (2023-2030) 8.4.1. China 8.4.1.1. China Low Rolling Resistance Tire Market Size and Forecast, by Type (2023-2030) 8.4.1.2. China Low Rolling Resistance Tire Market Size and Forecast, by Vehicle (2023-2030) 8.4.1.3. China Low Rolling Resistance Tire Market Size and Forecast, by Sales Channel (2023-2030) 8.4.2. S Korea 8.4.2.1. S Korea Low Rolling Resistance Tire Market Size and Forecast, by Type (2023-2030) 8.4.2.2. S Korea Low Rolling Resistance Tire Market Size and Forecast, by Vehicle (2023-2030) 8.4.2.3. S Korea Low Rolling Resistance Tire Market Size and Forecast, by Sales Channel (2023-2030) 8.4.3. Japan 8.4.3.1. Japan Low Rolling Resistance Tire Market Size and Forecast, by Type (2023-2030) 8.4.3.2. Japan Low Rolling Resistance Tire Market Size and Forecast, by Vehicle (2023-2030) 8.4.3.3. Japan Low Rolling Resistance Tire Market Size and Forecast, by Sales Channel (2023-2030) 8.4.4. India 8.4.4.1. India Low Rolling Resistance Tire Market Size and Forecast, by Type (2023-2030) 8.4.4.2. India Low Rolling Resistance Tire Market Size and Forecast, by Vehicle (2023-2030) 8.4.4.3. India Low Rolling Resistance Tire Market Size and Forecast, by Sales Channel (2023-2030) 8.4.5. Australia 8.4.5.1. Australia Low Rolling Resistance Tire Market Size and Forecast, by Type (2023-2030) 8.4.5.2. Australia Low Rolling Resistance Tire Market Size and Forecast, by Vehicle (2023-2030) 8.4.5.3. Australia Low Rolling Resistance Tire Market Size and Forecast, by Sales Channel (2023-2030) 8.4.6. Indonesia 8.4.6.1. Indonesia Low Rolling Resistance Tire Market Size and Forecast, by Type (2023-2030) 8.4.6.2. Indonesia Low Rolling Resistance Tire Market Size and Forecast, by Vehicle (2023-2030) 8.4.6.3. Indonesia Low Rolling Resistance Tire Market Size and Forecast, by Sales Channel (2023-2030) 8.4.7. Malaysia 8.4.7.1. Malaysia Low Rolling Resistance Tire Market Size and Forecast, by Type (2023-2030) 8.4.7.2. Malaysia Low Rolling Resistance Tire Market Size and Forecast, by Vehicle (2023-2030) 8.4.7.3. Malaysia Low Rolling Resistance Tire Market Size and Forecast, by Sales Channel (2023-2030) 8.4.8. Vietnam 8.4.8.1. Vietnam Low Rolling Resistance Tire Market Size and Forecast, by Type (2023-2030) 8.4.8.2. Vietnam Low Rolling Resistance Tire Market Size and Forecast, by Vehicle (2023-2030) 8.4.8.3. Vietnam Low Rolling Resistance Tire Market Size and Forecast, by Sales Channel (2023-2030) 8.4.9. Taiwan 8.4.9.1. Taiwan Low Rolling Resistance Tire Market Size and Forecast, by Type (2023-2030) 8.4.9.2. Taiwan Low Rolling Resistance Tire Market Size and Forecast, by Vehicle (2023-2030) 8.4.9.3. Taiwan Low Rolling Resistance Tire Market Size and Forecast, by Sales Channel (2023-2030) 8.4.10. Rest of Asia Pacific 8.4.10.1. Rest of Asia Pacific Low Rolling Resistance Tire Market Size and Forecast, by Type (2023-2030) 8.4.10.2. Rest of Asia Pacific Low Rolling Resistance Tire Market Size and Forecast, by Vehicle (2023-2030) 8.4.10.3. Rest of Asia Pacific Low Rolling Resistance Tire Market Size and Forecast, by Sales Channel (2023-2030) 9. Middle East and Africa Low Rolling Resistance Tire Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 9.1. Middle East and Africa Low Rolling Resistance Tire Market Size and Forecast, by Type (2023-2030) 9.2. Middle East and Africa Low Rolling Resistance Tire Market Size and Forecast, by Vehicle (2023-2030) 9.3. Middle East and Africa Low Rolling Resistance Tire Market Size and Forecast, by Sales Channel (2023-2030) 9.4. Middle East and Africa Low Rolling Resistance Tire Market Size and Forecast, by Country (2023-2030) 9.4.1. South Africa 9.4.1.1. South Africa Low Rolling Resistance Tire Market Size and Forecast, by Type (2023-2030) 9.4.1.2. South Africa Low Rolling Resistance Tire Market Size and Forecast, by Vehicle (2023-2030) 9.4.1.3. South Africa Low Rolling Resistance Tire Market Size and Forecast, by Sales Channel (2023-2030) 9.4.2. GCC 9.4.2.1. GCC Low Rolling Resistance Tire Market Size and Forecast, by Type (2023-2030) 9.4.2.2. GCC Low Rolling Resistance Tire Market Size and Forecast, by Vehicle (2023-2030) 9.4.2.3. GCC Low Rolling Resistance Tire Market Size and Forecast, by Sales Channel (2023-2030) 9.4.3. Nigeria 9.4.3.1. Nigeria Low Rolling Resistance Tire Market Size and Forecast, by Type (2023-2030) 9.4.3.2. Nigeria Low Rolling Resistance Tire Market Size and Forecast, by Vehicle (2023-2030) 9.4.3.3. Nigeria Low Rolling Resistance Tire Market Size and Forecast, by Sales Channel (2023-2030) 9.4.4. Rest of ME&A 9.4.4.1. Rest of ME&A Low Rolling Resistance Tire Market Size and Forecast, by Type (2023-2030) 9.4.4.2. Rest of ME&A Low Rolling Resistance Tire Market Size and Forecast, by Vehicle (2023-2030) 9.4.4.3. Rest of ME&A Low Rolling Resistance Tire Market Size and Forecast, by Sales Channel (2023-2030) 10. South America Low Rolling Resistance Tire Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 10.1. South America Low Rolling Resistance Tire Market Size and Forecast, by Type (2023-2030) 10.2. South America Low Rolling Resistance Tire Market Size and Forecast, by Vehicle (2023-2030) 10.3. South America Low Rolling Resistance Tire Market Size and Forecast, by Sales Channel (2023-2030) 10.4. South America Low Rolling Resistance Tire Market Size and Forecast, by Country (2023-2030) 10.4.1. Brazil 10.4.1.1. Brazil Low Rolling Resistance Tire Market Size and Forecast, by Type (2023-2030) 10.4.1.2. Brazil Low Rolling Resistance Tire Market Size and Forecast, by Vehicle (2023-2030) 10.4.1.3. Brazil Low Rolling Resistance Tire Market Size and Forecast, by Sales Channel (2023-2030) 10.4.2. Argentina 10.4.2.1. Argentina Low Rolling Resistance Tire Market Size and Forecast, by Type (2023-2030) 10.4.2.2. Argentina Low Rolling Resistance Tire Market Size and Forecast, by Vehicle (2023-2030) 10.4.2.3. Argentina Low Rolling Resistance Tire Market Size and Forecast, by Sales Channel (2023-2030) 10.4.3. Rest Of South America 10.4.3.1. Rest Of South America Low Rolling Resistance Tire Market Size and Forecast, by Type (2023-2030) 10.4.3.2. Rest Of South America Low Rolling Resistance Tire Market Size and Forecast, by Vehicle (2023-2030) 10.4.3.3. Rest Of South America Low Rolling Resistance Tire Market Size and Forecast, by Sales Channel (2023-2030) 11. Company Profile: Key Players 11.1. Bridgestone Corporation (Tokyo, Japan) 11.1.1. Company Overview 11.1.2. Business Portfolio 11.1.3. Financial Overview 11.1.4. SWOT Analysis 11.1.5. Strategic Analysis 11.1.6. Recent Developments 11.2. Michelin Group ( Clermont-Ferrand, France) 11.3. Goodyear Tire & Rubber Company ( Akron, Ohio, USA) 11.4. Continental AG ( Hanover, Germany) 11.5. Pirelli & C. S.p.A. (Milan, Italy) 11.6. Sumitomo Rubber Industries, Ltd. ( Kobe, Japan) 11.7. Hankook Tire & Technology Co., Ltd. ( Seoul, South Korea) 11.8. Yokohama Rubber Company, Ltd. (Tokyo, Japan) 11.9. Toyo Tire Corporation ( Itami, Japan) 11.10. Cooper Tire & Rubber Company (Findlay, Ohio, USA) 11.11. Nokian Tyres plc ( Nokia, Finland) 11.12. Apollo Tyres Ltd. ( Gurugram, India) 11.13. Kumho Tire Co., Inc. (Gwangju, South Korea) 11.14. Maxxis International ( Taoyuan, Taiwan) 11.15. Giti Tire ( Singapore) 11.16. Carlisle Companies Incorporated (Scottsdale, Arizona, USA) 11.17. ZC Rubber Group Co., Ltd. (Hangzhou, China) 11.18. Cheng Shin Rubber Ind. Co., Ltd. (CST Tires) ( Taipei, Taiwan) 12. Key Findings 13. Industry Recommendations