PUBLISHER: Grand View Research | PRODUCT CODE: 1701631
PUBLISHER: Grand View Research | PRODUCT CODE: 1701631
The global low rolling resistance tire market size was estimated at USD 21.25 billion in 2024 and is projected to grow at a CAGR of 12.7% from 2025 to 2030. The growth of low rolling resistance (LRR) tires can be attributed to several key factors, primarily technological advancements, environmental concerns, and consumer demand for efficiency. One of the most significant advantages of low rolling resistance tires is their ability to enhance fuel efficiency. These tires are designed to reduce the energy loss caused by tire deformation during rolling, leading to improved fuel economy.
Studies indicate that vehicles with low rolling resistance tires can achieve a 5% to 10% increase in fuel efficiency, making them particularly appealing to consumers and businesses looking to lower fuel costs amid rising energy prices.
Environmental impact is another crucial factor driving the adoption of low-rolling-resistance tires. Governments worldwide are implementing stringent regulations to reduce vehicle carbon emissions, and low-rolling-resistance tires are an effective solution to meet these standards. These tires decrease greenhouse gas emissions by lowering fuel consumption, aligning with global efforts to combat climate change and promote sustainability.
Technological advancements have also significantly contributed to the growth of LRR tires. The development of advanced materials such as silica and graphene has enabled manufacturers to create tires that exhibit lower hysteresis losses without compromising safety or traction. These innovations allow low rolling resistance tires to perform effectively on various road surfaces, ensuring better performance in wet and dry conditions. In addition, their lighter weight and optimized tread designs further enhance their efficiency.
The rising demand for fuel-efficient vehicles has further fueled the popularity of low rolling resistance tires. As consumers increasingly prioritize fuel efficiency, particularly with the growing adoption of hybrid and electric cars, low rolling resistance tires are a complementary technology that maximizes energy efficiency. This trend is evident in the automotive market, where manufacturers focus on producing vehicles that align with consumer preferences for sustainability.
Consumer awareness has also significantly contributed to the growth of LRR tires. As more individuals become informed about the benefits of these tires-such as cost savings at the pump and their positive impact on the environment-they are more inclined to invest in them despite their higher initial costs compared to conventional tires. Marketing campaigns emphasizing long-term savings and environmental benefits have also played a crucial role in driving consumer adoption.
Despite their advantages, low rolling resistance tires face challenges like higher upfront costs and potential trade-offs in areas like wet traction or durability. Manufacturers must balance reducing rolling resistance and maintaining essential safety features like grip and handling. However, ongoing research suggests that these trade-offs are becoming less significant due to continuous technological improvements. In summary, the growth of low rolling resistance tires is propelled by consumer demand for efficiency, regulatory pressures, technological innovations, and environmental considerations-all contributing to their increasing popularity in the automotive market.
Global Low Rolling Resistance Tire Market Report Segmentation
This report forecasts revenue growth globally, regionally, and country-wide and analyzes the latest industry trends and opportunities in each sub-segment from 2018 to 2030. Grand View Research has segmented the global low rolling resistance tire market report based on vehicle, width, sales channel, and region: