Segmented By Vehicle Type (Two-Wheeler, Passenger Car, LCV, M&HCV, OTR), By Tire Construction Type (Radial, Bias), By Demand Category (OEM, Aftermarket), By Price Segment (Budget, Ultra Budget, Premium), and By Region.
New York, Dec. 29, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Noiseless Tire Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028" - https://www.reportlinker.com/p06377470/?utm_source=GNW
The global noiseless tire market is anticipated to witness a growth of robust CAGR in the forecast period, 2024-2028. Advancements in silent tire technology, growing levels of noise pollution, high demand from electric vehicles, and high-end investments in research and development activities by market players are the primary factors driving the growth of the global noiseless tire market in the forecast period.
Noiseless tires produce low noise or no noise at high speeds.Noiseless tires are in high demand among consumers as they improve the overall driving experience.
While producing the tires after the tire is cured in its mold, manufacturers add a thick layer of foam or sound-absorbing sponge to the inner line of the tire, either as a continuous piece or comprised of several shorter sections to make the tires noiseless.
Increase in Demand for Noiseless Tires in Electric Vehicle Drives Market Growth
Growing environmental concerns and the stringent government policies and norms emphasizing the use of zero-emission vehicles lowering the adverse impact of greenhouse gases on the environment are fueling the sales of electric vehicles around the globe.The development of charging stations and the availability of subsidies and income tax rebates in several developing economies are accelerating the adoption of electric vehicles worldwide.
Electric vehicles run on electricity and do not support engines, resulting in no noise while driving the vehicles.Noiseless or quiet tires are in demand among electric vehicle manufacturers as the noise source in electric vehicles is from tires.
Surge in electric vehicle production and with the purchasing power of consumers, the demand for noiseless tires is expected to witness significant growth in the forecast period.
Growing Sales and Production of Luxury Vehicles Supports Market Growth
Luxury vehicle manufacturers are constantly seeking innovative solutions to enhance the performance and comfort of drivers while driving an automobile.High-end investments by the market players in research activities to upgrade the existing infrastructure to lower the interior noise level are paving the way for market growth.
The focus of manufacturers to lower the noise from various sources such as panels engine coming into the cabin of an automobile have resulted in a more peaceful ride for driver and passengers.Noise from other sources is minimized in the automobile due to ongoing advancements in technology, making the noise from tires more evident to the driver.
Market players are rapidly adopting noiseless technology to provide serene and comfortable riding experience to drivers.
The global noiseless tire market is segmented into vehicle type, tire construction type, demand category, price segment, regional distribution, and company.Based on vehicle type, the global noiseless tire market is divided into two-wheeler, passenger car, LCV, M&HCV, and OTR.
Based on tire construction type, the global noiseless tire market is divided into radial and bias.Based on demand category, the global noiseless tire market is divided into OEM and Aftermarket.
Based on price segment, the global noiseless tire market is divided into budget, ultra budget, and premium. To analyze the market based on the region, the global noiseless tire market is studied in major regions namely North America, Asia-pacific, Europe & CIS, South America, Middle East, and Africa.
Michelin Group, Bridgestone Corporation, Continental AG, The Goodyear Tire & Rubber Company, Hankook Tire & Technology Co.Ltd., Pirelli & C. S.p.A., Yokohama Rubber Company, Limited, Cooper Tire & Rubber Company, are among the major market players in the global platform that lead the market growth of the global noiseless tire market.
In this report, global noiseless tire market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Noiseless Tire Market, By Vehicle Type:
o Passenger Car
• Noiseless Tire Market, By Tire Construction Type:
• Noiseless Tire Market, By Demand Category:
• Noiseless Tire Market, By Price Segment:
o Ultra Budget
• Noiseless Tire Market, By Region:
o North America
o Europe & CIS
o South America
o Middle East & Africa
Company Profiles: Detailed analysis of the major companies present in global noiseless tire market.
With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:
• Detailed analysis and profiling of additional market players (up to five).
Read the full report: https://www.reportlinker.com/p06377470/?utm_source=GNW
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