The low rolling resistance tires reduce the energy requirement where the tires meet and deform against the road surface. Rolling resistance is fundamentally the required amount of force necessary to get a tire rolling from an idle state. The level of rolling resistance in a tire is measured by the resistance force essential to keep the tire rolling. In its place of individualized tread blocks and deep tread depth designed to dig and claw through the terrain, low rolling resistance tire tread tends to take on a more adjoining, connected design. The tread blocks donít so much separately connect with the road surface, but more seamlessly roll as one interconnected unit.This growth is primarily driven by The Rising Demand for Passenger and Commercial Vehicles and The Adoption of Nanotechnology in the Manufacturing of Tires.
Globally, a noticeable market trend is evident Demand for Improved Tire Tread Design from Customers. Major Vendors, such as Bridgestone Corporation (Japan), Apollo Tires Ltd (India), Goodyear Tire and Rubber Company (United States), Continental AG (Germany), Michelin (France), Maxxis International (Taiwan), Yokohama Rubber Company (Japan), Pirelli & C. S.p.A. (Italy), Sumitomo Corporation (Japan) and Marangoni S.p.A. (Italy) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Signed into law on December 4, 2015, the Fixing Americaís Surface Transportation (FAST) Act requires the U.S. Department of Transportation to develop passenger vehicle tire fuel efficiency standards.
- The Rising Demand for Passenger and Commercial Vehicles
- The Adoption of Nanotechnology in the Manufacturing of Tires
- Demand for Improved Tire Tread Design from Customers
- Fluctuating Raw Material Prices
High Growth Opportunities from Emerging Economies
A Slowdown in the Automotive Sector
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