Global Noiseless Tire Market, 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), By Region, Competition Forecast

Global Noiseless Tire Market, 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), By Region, Competition Forecast and Opportunities, 2017-2027

The global noiseless tire market is expected to grow at a significant rate during the forecast period. The growth can be attributed to the rising levels of noise pollution and advancements in tire technology. High-end investments by market players for research and development activities and increasing penetration of advanced vehicles are propelling the demand for noiseless tires.

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 Vehicles 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 has 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 a serene and comfortable riding experience to drivers.

Market Segmentation

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 region, the global noiseless tire market is studied in major regions, namely North America, Asia-pacific, Europe & CIS, South America, Middle East, and Africa.

Market Players

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.

Years considered for this report:

Historical Years: 2017-2020

Base Year: 2021

Estimated Year: 2022

Forecast Period: 2023–2027

Objective of the Study:

• To analyze the historical growth in the market size of global noiseless tire market from 2017 to 2021.
• To estimate and forecast the market size of global noiseless tire market from 2022 to 2027 and growth rate until 2027.
• To classify and forecast global noiseless tire market based on product type, application, fuel type, region, and competitive landscape.
• To identify dominant region or segment in the global noiseless tire market.
• To identify drivers and challenges for global noiseless tire market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global noiseless tire market.
• To identify and analyze the profile of leading players operating in the global noiseless tire market.
• To identify key sustainable strategies adopted by market players in the global noiseless tire market.

Report Scope:

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:
• Two-Wheeler
• Passenger Car
• LCV
• M&HCV
• OTR
• Noiseless Tire Market, By Tire Construction Type:
• Radial
• Bias
• Noiseless Tire Market, By Demand Category:
• OEM
• Aftermarket
• Noiseless Tire Market, By Price Segment:
• Budget
• Ultra Budget
• Premium
• Noiseless Tire Market, By Region:
• North America
• United States
• Canada
• Mexico
• Asia-Pacific
• China
• India
• Japan
• Malaysia
• Thailand
• Indonesia
• Vietnam
• South Korea
• Europe & CIS
• Germany
• France
• United Kingdom
• Spain
• Italy
• Belgium
• Russia
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• UAE
• Saudi Arabia
• Egypt

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.

TechSci Research calculated the market size of the global noiseless tire market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Noiseless tire manufacturing companies/partners
• Suppliers/Distributers
• End-Users
• Government bodies such as regulating authorities and policy makers
• Organizations, industry associations, forums and alliances related to global noiseless tire manufacturing market

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, partners, end users, etc. besides allowing them in strategizing investments and capitalizing on market opportunities.

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global noiseless tire market.

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Please Note: Report will be updated with the latest data and delivered to you within 3-5 working days of order. Single User license will be delivered in PDF format without printing rights