PUBLISHER: Polaris Market Research | PRODUCT CODE: 1762509
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1762509
The low rolling resistance tire market size is expected to reach USD 67.86 billion by 2034, according to a new study by Polaris Market Research. The report "Low Rolling Resistance Tire Market Share, Size, & Industry Analysis Report: By Application (On-Road and Off-Road), By Vehicle Type, By Sales Channel, and By Region - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Low rolling resistance (LLR) tires are engineered to decrease the energy required for a vehicle to move forward by minimizing friction between the tire and the road surface. This design advantage aligns with the growing focus on sustainable mobility solutions. There is a notable shift toward automotive components that contribute to carbon footprint management as environmental awareness increases among consumers and industries. These tires are becoming essential in eco-friendly vehicle design by improving fuel efficiency and decreasing energy usage. Their ability to support regulatory compliance and sustainability goals is driving broader adoption across vehicle platforms.
The low rolling resistance (LLR) tire market is witnessing growth due to the integration of smart tire technologies. Tire manufacturers are improving the functionality of low-rolling resistance tires by adding features that monitor tire pressure, temperature, and tread wear with advancements in sensor-based monitoring and real-time data analytics. These innovations improve overall safety and performance and also help maintain optimal tire efficiency over time. The convergence of smart technologies with energy-efficient tire designs is expected to play a key role in the next phase of market development as the automotive industry embraces digital transformation.
In terms of vehicle type, the passenger car segment led the market share in 2024, fueled by growing consumer emphasis on fuel economy and enhanced driving performance.
Based on sales channel, the aftermarket segment is anticipated to grow at the highest rate during the forecast period, driven by rising consumer awareness and demand for replacement tires that boost fuel efficiency.
In 2024, North America held the largest revenue share of the low rolling resistance tire industry, supported by its mature automotive sector, advanced road infrastructure, and stringent regulations targeting fuel efficiency and emissions.
The Asia Pacific low rolling resistance tire market is expected to expand at the highest pace during the forecast period, propelled by rapid urbanization, increasing vehicle ownership, and a growing focus on energy-efficient solutions.
A few global key market players include Apollo Tyres Ltd; Bridgestone; Continental AG; Hankook Tire & Technology; KUMHO TIRE CO., INC.; Michelin; Nokian Tyres plc; Pirelli & C. S.p.A.; Sumitomo Rubber Industries, Ltd.; The Goodyear Tire & Rubber Company; TOYO TIRE CORPORATION; Yokohama Tire Corporation; and Zhongce Rubber Group Co., Ltd.
Polaris Market Research has segmented the market report on the basis of application, vehicle type, sales channel, and region:
By Application Outlook (Revenue, USD Billion, 2020-2034)
On-Road
Off-Road
By Vehicle Type Outlook (Revenue, USD Billion, 2020-2034)
Two-Wheeler
Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle
Others
By Sales Channel Outlook (Revenue, USD Billion, 2020-2034)
OEM
Aftermarket
By Regional Outlook (Revenue, USD Billion, 2020-2034)
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Netherlands
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Malaysia
South Korea
Indonesia
Australia
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
Israel
South Africa
Rest of Middle East & Africa
Latin America
Mexico
Brazil
Argentina
Rest of Latin America