Report ID: SQMIG25B2020
Report ID:
SQMIG25B2020 |
Region:
Global |
Published Date: February, 2024
Pages:
223
|
Tables:
88 |
Figures:
76
Global Low Rolling Resistance Tire Market size was valued at USD 18.71 billion in 2021 and is poised to grow from USD 21.05 billion in 2022 to USD 54 billion by 2030, growing at a CAGR of 12.5% in the forecast period (2023-2030).
The global Low Rolling Resistance Tire market is experiencing enormous growth pushed with the aid of environmental consciousness and gas efficiency concerns. The automobile industry's developing emphasis on decreasing carbon emissions and improving gas economy has brought about accelerated adoption of low rolling resistance tires. These tires, designed to reduce power loss and improve car gas efficiency, are gaining popularity amongst consumers and industrial fleet operators alike.
Stringent government rules concerning emissions and gas efficiency are similarly propelling the demand for low rolling resistance tires. This marketplace trend is not handiest aligned with sustainability dreams but also addresses the monetary and environmental concerns of the automobile sector.
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Report ID: SQMIG25B2020