The global low rolling resistance tire market size was estimated at USD 21.25 billion in 2024 and is projected to reach USD 43.57 billion by 2030, growing at a CAGR of 12.7% from 2025 to 2030. LRR tires are designed to reduce energy loss during rolling, enhancing fuel efficiency and lowering emissions, making them increasingly attractive amid rising energy costs and environmental concerns. Growth is driven by the rising adoption of fuel-efficient vehicles, including hybrids and EVs, increasing consumer awareness of long-term savings, and regulatory pressures promoting sustainability. Technological advancements continue to improve performance characteristics, balancing fuel efficiency with safety and durability.
The market faces challenges such as higher upfront costs and potential trade-offs in wet traction, but continuous innovation is mitigating these concerns. Increasing investments by automakers and tire manufacturers in advanced materials and designs further propel the adoption of LRR tires.
Key Market Trends & Insights
- Asia Pacific held the largest market share of 26.9% in 2024.
- By vehicle type, passenger cars dominated with 41.1% revenue share in 2024.
- By width, the wide-band segment led the market in 2024.
- By sales channel, the OEM segment accounted for a substantial portion in 2024.
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Market Performance
- 2024 Market Size: USD 21.25 Billion
- 2030 Projected Market Size: USD 43.57 Billion
- CAGR (2025–2030): 12.7%
- Asia Pacific: Largest market in 2024
Competitive Landscape
Leading companies such as Bridgestone, Michelin, Goodyear, Continental, and Pirelli dominate due to strong brand reputation, diverse portfolios, and advanced R&D capabilities. These players develop LRR tires for both ICE vehicles and EVs, integrating technologies that improve fuel efficiency without compromising safety or performance. The competitive landscape is expected to intensify as EV adoption rises and emission regulations become stricter, with sustainability, product innovation, and strategic collaborations serving as key differentiators.
Key Companies
- Bridgestone Corporation
- Michelin
- Goodyear Tire & Rubber Company
- Continental AG
- Pirelli & C. S.p.A.
- Hankook Tire
- Yokohama Rubber Co. Ltd.
- Apollo Tyres Ltd.
- Cheng Shin Rubber Industry Co. (Maxxis)
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Conclusion
The low rolling resistance tire market is poised for robust growth, driven by the demand for fuel-efficient and environmentally friendly transportation solutions. Advancements in tire technology, coupled with rising EV adoption and increasing consumer awareness of sustainability, are key factors shaping market dynamics. Companies that continue to innovate and adapt to evolving regulatory and consumer trends will capture significant opportunities in this expanding market.
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