Market Overview:
The global vacuum tire market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for vacuum tires in motorcycle, car, passenger car and other applications. Additionally, the growing awareness about the benefits of using vacuum tires is also contributing to the growth of this market. Some of the major players operating in this market are Bridgestone Corporation (Japan), Continental AG (Germany), Michelin S.A. (France) and Pirelli & Cie S.p.A.(Italy).
Product Definition:
A vacuum tire is a type of pneumatic tire in which the internal pressure of the tire is below atmospheric pressure. This causes the internal volume of the tire to decrease, which results in an increase in the contact patch area and ultimately an increase in traction.
Radial Tires:
Radial tires are designed to deliver better performance in off-road conditions. They have a ribbed pattern that helps in improving the contact between the tire and the wheel, which enhances stability while turning. The radial design offers more traction than a cross ply tire as it has three layers of rubber instead of two, which increases its grip over loose surfaces such as sand and snow.
Slash Tires:
Slash tires are used to repair punctures and cuts in the tire caused by glass, nails, knives or other sharp objects that can occur while driving. These tires are available as a replacement for regular ones and they have an additional steel belt running around it which helps in preventing cuts and punctures.
Application Insights:
Passenger car application segment led the global market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing production of passenger cars in economies such as China, India, South Korea and Japan. In addition, stringent government regulations on emission control are expected to drive demand for vacuum tires across the passenger car segment.
The other application segment includes heavy-duty vehicles such as trucks, tractors and buses that use radials or slashers for tire replacement purposes.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing production and sales of passenger cars, motorcycles, and other vehicles in this region. China is one of the largest markets for these tires due to easy availability of raw materials such as silica gel at cheaper rates as compared to other regions. Moreover, presence of key automotive manufacturers such as Dongfeng Motor Corporation; Changan Automobile; Maserati Ghibli S.p.A.; Ferrari S.p A; Aston Martin Lagonda Limited; Audi AG etc.
Europe accounted for a significant share owing to high demand from countries including Germany, France Italy Russia Spain U-K., etc.
Growth Factors:
- Increasing demand for automobiles
- Growing disposable income of consumers
- Technological advancements in vacuum tire manufacturing process
- Rising awareness about the benefits of using vacuum tires
- Government initiatives to promote the use of vacuum tires
Scope Of The Report
Report Attributes
Report Details
Report Title
Vacuum Tire Market Research Report
By Type
Radial Tires, Slash Tires
By Application
Motorcycle, Car, Passenger Car, Other
By Companies
MICHELIN, Hankook Tire, Bridgestone, Continental, SciTech Industries, Pirelli Tire, The Goodyear Tire & Rubber, Sumitomo Rubber Industries, Yokohama Tire, MICHELIN
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
144
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Vacuum Tire Market Report Segments:
The global Vacuum Tire market is segmented on the basis of:
Types
Radial Tires, Slash Tires
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Motorcycle, Car, Passenger Car, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- MICHELIN
- Hankook Tire
- Bridgestone
- Continental
- SciTech Industries
- Pirelli Tire
- The Goodyear Tire & Rubber
- Sumitomo Rubber Industries
- Yokohama Tire
- MICHELIN
Highlights of The Vacuum Tire Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Radial Tires
- Slash Tires
- By Application:
- Motorcycle
- Car
- Passenger Car
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Vacuum Tire Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A vacuum tire is a type of tire that uses a pump to create a negative pressure inside the tire. This causes the air to be forced out of the tires and creates more traction.
Some of the major players in the vacuum tire market are MICHELIN, Hankook Tire, Bridgestone, Continental, SciTech Industries, Pirelli Tire, The Goodyear Tire & Rubber, Sumitomo Rubber Industries, Yokohama Tire, MICHELIN.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vacuum Tire Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Vacuum Tire Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vacuum Tire Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Vacuum Tire Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Vacuum Tire Market Size & Forecast, 2018-2028
4.5.1 Vacuum Tire Market Size and Y-o-Y Growth
4.5.2 Vacuum Tire Market Absolute $ Opportunity
Chapter 5 Global Vacuum Tire Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Vacuum Tire Market Size Forecast by Type
5.2.1 Radial Tires
5.2.2 Slash Tires
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Vacuum Tire Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Vacuum Tire Market Size Forecast by Applications
6.2.1 Motorcycle
6.2.2 Car
6.2.3 Passenger Car
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vacuum Tire Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Vacuum Tire Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Vacuum Tire Analysis and Forecast
9.1 Introduction
9.2 North America Vacuum Tire Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Vacuum Tire Market Size Forecast by Type
9.6.1 Radial Tires
9.6.2 Slash Tires
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Vacuum Tire Market Size Forecast by Applications
9.10.1 Motorcycle
9.10.2 Car
9.10.3 Passenger Car
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Vacuum Tire Analysis and Forecast
10.1 Introduction
10.2 Europe Vacuum Tire Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Vacuum Tire Market Size Forecast by Type
10.6.1 Radial Tires
10.6.2 Slash Tires
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Vacuum Tire Market Size Forecast by Applications
10.10.1 Motorcycle
10.10.2 Car
10.10.3 Passenger Car
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Vacuum Tire Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Vacuum Tire Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Vacuum Tire Market Size Forecast by Type
11.6.1 Radial Tires
11.6.2 Slash Tires
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Vacuum Tire Market Size Forecast by Applications
11.10.1 Motorcycle
11.10.2 Car
11.10.3 Passenger Car
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Vacuum Tire Analysis and Forecast
12.1 Introduction
12.2 Latin America Vacuum Tire Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Vacuum Tire Market Size Forecast by Type
12.6.1 Radial Tires
12.6.2 Slash Tires
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Vacuum Tire Market Size Forecast by Applications
12.10.1 Motorcycle
12.10.2 Car
12.10.3 Passenger Car
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Vacuum Tire Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Vacuum Tire Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Vacuum Tire Market Size Forecast by Type
13.6.1 Radial Tires
13.6.2 Slash Tires
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Vacuum Tire Market Size Forecast by Applications
13.10.1 Motorcycle
13.10.2 Car
13.10.3 Passenger Car
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Vacuum Tire Market: Competitive Dashboard
14.2 Global Vacuum Tire Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 MICHELIN
14.3.2 Hankook Tire
14.3.3 Bridgestone
14.3.4 Continental
14.3.5 SciTech Industries
14.3.6 Pirelli Tire
14.3.7 The Goodyear Tire & Rubber
14.3.8 Sumitomo Rubber Industries
14.3.9 Yokohama Tire
14.3.10 MICHELIN
