GLOBAL AUTOMOTIVE PREMIUM TIRES MARKET
Tires are strong and flexible based rubber casings which are present and used within various industrial segments as required to have a sturdy support on vehicular movements. Tires for most vehicles are pneumatic; air is held under pressure inside the tire. Until recently, pneumatic tires had an inner tube to hold the air pressure, but now pneumatic tires are designed to form a pressure seal with the rim of the wheel.
Premium tires are produced by the processes with latest technology, providing the greatest performance and durability. It is known that expensive tires are produced in state-of-the-art processes. Big companies producing high-quality tires invest a great deal of money in research and developing their products.
In other words, they create materials by recruiting chemists to find the best formulas, so that they can produce tires which are extremely hard-wearing. Tires, then, are tested by the companies’ engineers in many particular experiments so as to ensure the absence of errors.
After that, they examine these tires in their indoor tracks that imitate several harsh conditions such as exceptionally low and extremely high temperature. Finally, they have a team of professional and skilful drivers who are responsible for confirming these tires could be used well, complying with different criteria of the producers that usually exceed general standards of the government.
GLOBAL AUTOMOTIVE PREMIUM TIRES MARKET DYNAMICS
The Premium Tires market on a global scale has been of greater importance wherein the market dynamically makes changes to the requirements and continuously focuses upon implementing new and effective technology as required at all times for premium finish requirements.
Due to the competition among tire providers, manufacturing processes are upgraded as quickly as possible when the companies’ research teams create more effective and efficient technology. Consequently, you can drive your cars, which are equipped with premium tires, in many road conditions at a high speed, and you do not have to worry about safety as much as while using cheap tires.
Premium tires not only perform considerably better but also last significantly longer than cheaper rubber. Thanks to their superior quality censored by the makers, premium tires can last from 20,000 to 30,000 miles in reality, depending on road conditions.
Experiments show that premium tires provide up to 7.2 % fuel saving compared to economy tires. That the companies spend an increasingly big amount of money on research and developing tires leads to an increase in price of tires. However, in spite of the fact that it might be initially costly, purchasing premium tires will definitely be worth it, because you will neither have to replace them on a frequent basis nor be concerned about safety.
GLOBAL AUTOMOTIVE PREMIUM TIRES MARKET SEGMENTATION
The Global Automotive Premium Tyres Market can be segmented into following categories for further analysis.
By Vehicle Infrastructure Type
- Premium Luxury Vehicles
- Off Road Luxury Vehicles
- Off Road Heavy SUV Vehicles
- Electric Luxury Vehicles
- Premium Sporting Vehicles
By Class of Propulsion
- Electric Vehicle
- Hybrid Vehicle
- Fossil Fuel Vehicle
- Specialized Fuel Vehicle
- Gas Based Vehicle
By Tire Construction
- Radial Tyres
- Bias Tyres
- Composite Tyres
By Regional Classification
- Asia Pacific Region – APAC
- Middle East and Gulf Region
- Africa Region
- North America Region
- Europe Region
- Latin America and Caribbean Region
RECENT MARKET TECHNOLOGICAL TRENDS IN GLOBAL AUTOMOTIVE PREMIUM TIRES MARKET
The Vehicular tires are of major importance in recent days as they propel the capability and the requirements to run upon varied terrains and surfaces of operation. Tires are an essential component to the establishment of the automobile mechanism.
The Main focus of the integration of new technologies within the premium tires usage is the increased Standard tires support the weight of vehicles with their internal air pressure. However, air cannot be used in this manner in space. Accordingly, Bridgestone has developed a tire with an elastic metal skeleton construction.
This construction is specially designed to bend flexibly, despite being made of metal, while offering the resilience necessary to make the trips of more than 10,000 km required for moon exploration missions. requirements of harsh and non-boundary confined operations of the vehicle being collaborated to the tires.
There has also been recent development within the industry of premium tires manufacturing wherein the efforts are being made to withstand and elongate better capabilities at all times and all harsh environmental conditions in the earth.
The recent integration of the Nano Pro Technology by Bridgestone has been part of its initiative towards Premium tires manufacturing, NanoPro-Tech is a fundamental technology for a wide range of Bridgestone tires, such as passenger tires, motorcycle tires, truck & bus tires, and aircraft tires. The Bridgestone Group creates new tire materials and compounds using “NanoPro-Tech“ to meet a wide range of tire performances. Silica dispersion technology is a good example of NanoPro-Tech.
The Global Automotive Premium Tire Market based tire Manufacturers face a global level of competition and have considerable advantages as well in terms of the internal regulations and presence of high alignment towards research and development of new prospects of technology within the European union nations.
When focused upon the Premium tires manufacturing within the user requirements, the stakeholders involved in premium tires mobilization are comparatively lower and face a tight knit competition amongst themselves. The Tire manufacturing major Goodyear has been involved in introducing new premium tires which are focused upon harsh environmental conditions-based operations.
The Armor Max Resistance Technology of Goodyear has the ability to be in toughest conditions on and off the road. Strong armoured tires are the result of advanced compounds and construction. A stronger tire requires a longer carcass life, and penetration protectors help resist cuts and punctures, while the reinforced shoulders extend original life and additional retreadability. The housings can be retreaded multiple times to prolong their use.
Continental Tires has integrated a new product of Conti Sport Contact 5, excellent road grip and handling just as safety when cornering and shorter braking distances in all-weather condition. The macro-block design of the tire’s outside shoulder provides a larger contact area, which can therefore adapt optimally to the road surface. The ContiSportContact™ 5 offers improved road grip and thus more safety when cornering. It is used on SUV Sports vehicles and Off road competitive vehicles as part of premium aggression requirements.