Market Overview:
The global zero pressure tires market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for zero pressure tires in the automotive industry, owing to their superior performance and safety features as compared to traditional pneumatic tires. In terms of type, the self-supporting type is expected to lead the global zero pressure tires market during the forecast period, followed by support ring type. The growth in this segment can be attributed to factors such as low installation and maintenance costs and easy installation process. In terms of application, OEM market is expected to lead the global zero pressure tires market during the forecast period, followed by aftermarket.
Product Definition:
Zero Pressure Tires are a type of tire that is inflated to a very low pressure, typically below 5 psi. This results in a softer ride and more contact with the road surface, which provides better traction. Zero Pressure Tires are often used on racing cars to improve handling and performance.
Self-supporting Type:
Self-supporting type is also known as retreading, it's a method of manufacturing tires wherein the tread is not attached to the tire and instead relies on the structure of rubber compound for support. The advantage of this system over vulcanized or steel- carcass systems is that there are no metal parts in contact with oxygen, which makes it safer to use.
Support Ring Type:
Support ring type is used in zero pressure tires to provide the necessary support and structure required for proper functioning of the tread. The absence of this component in normal tires results in excessive wear & tear, which leads to failure of tire due to lack of adhesion between tire and wheel.
Due to high speed and agility requirements, sports cars require lightweight components that reduce weight, thereby increasing fuel consumption.
Application Insights:
On the basis of application, the global zero pressure tires market is segmented into OEM market and aftermarket. In 2017, OEM held a leading share in the market due to extensive usage of these tires by original equipment manufacturers for commercial vehicles such as trucks, buses and others. The growing use of self-supporting type ZP tires in light commercial vehicles is expected to drive demand from OEM sector over the forecast period.
The growth of this segment can be attributed to factors such as increasing production capacities in China and Indonesia coupled with strong demand from countries like India and Thailand where cost advantages are significant are expected to have a positive impact on industry growth over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for light weight vehicles in countries such as India and China. Moreover, rising disposable income of consumers will boost vehicle sales in this region, which will further propel market growth during the forecast period. Europe accounted for a significant share of global zero pressure tires industry due to high demand from OEMs and aftermarket segments.
North America also had a prominent share owing to presence of key companies such as Bridgestone, Michelin, Goodyear and Pirelli & C.
Growth Factors:
- Increasing demand for fuel-efficient vehicles: The global market for Zero Pressure Tires is expected to grow at a CAGR of over 7% during the forecast period. This can be attributed to the increasing demand for fuel-efficient vehicles, as Zero Pressure Tires offer improved fuel efficiency as compared to traditional tires.
- Rising awareness about the benefits of Zero Pressure Tires: There is a growing awareness among consumers about the benefits of using Zero Pressure Tires, which is expected to drive market growth during the forecast period. Some of the key benefits offered by these tires include improved fuel efficiency, better handling and stability, and longer tire life.
- Technological advancements in tire manufacturing: The technological advancements in tire manufacturing are helping manufacturers develop better quality Zero Pressure Tires that offer superior performance and durability as compared to traditional tires. This is likely to boost market growth during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Zero Pressure Tires Market Research Report
By Type
Self-supporting Type, Support Ring Type
By Application
OEM Market, Aftermarket
By Companies
Michelin, Bridgestone, Kanatsu, Goodyear, Dunlop, 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
216
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Zero Pressure Tires Market Report Segments:
The global Zero Pressure Tires market is segmented on the basis of:
Types
Self-supporting Type, Support Ring Type
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
OEM Market, Aftermarket
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
- Bridgestone
- Kanatsu
- Goodyear
- Dunlop
- Michelin
Highlights of The Zero Pressure Tires 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:
- Self-supporting Type
- Support Ring Type
- By Application:
- OEM Market
- Aftermarket
- 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 Zero Pressure Tires 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
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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?
Zero pressure tires are a type of tire that do not require air to inflate. This makes them lighter and more durable than traditional tires, which can use up to four times as much air per mile.
Some of the key players operating in the zero pressure tires market are Michelin, Bridgestone, Kanatsu, Goodyear, Dunlop, Michelin.
The zero pressure tires market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Zero Pressure Tires 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 Zero Pressure Tires Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Zero Pressure Tires 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 Zero Pressure Tires 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 Zero Pressure Tires Market Size & Forecast, 2020-2028
4.5.1 Zero Pressure Tires Market Size and Y-o-Y Growth
4.5.2 Zero Pressure Tires Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Self-supporting Type
5.2.2 Support Ring Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 OEM Market
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Zero Pressure Tires 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 Zero Pressure Tires 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Self-supporting Type
9.6.2 Support Ring Type
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 Market Size Forecast by Applications
9.10.1 OEM Market
9.10.2 Aftermarket
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Self-supporting Type
10.6.2 Support Ring Type
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 Market Size Forecast by Applications
10.10.1 OEM Market
10.10.2 Aftermarket
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Self-supporting Type
11.6.2 Support Ring Type
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 Market Size Forecast by Applications
11.10.1 OEM Market
11.10.2 Aftermarket
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Self-supporting Type
12.6.2 Support Ring Type
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 Market Size Forecast by Applications
12.10.1 OEM Market
12.10.2 Aftermarket
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Self-supporting Type
13.6.2 Support Ring Type
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) Market Size Forecast by Applications
13.10.1 OEM Market
13.10.2 Aftermarket
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 Zero Pressure Tires Market: Competitive Dashboard
14.2 Global Zero Pressure Tires Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Michelin
14.3.2 Bridgestone
14.3.3 Kanatsu
14.3.4 Goodyear
14.3.5 Dunlop
14.3.6 Michelin
