Low Profile Tire Market to Witness a Healthy Growth during 2019 – 2027

Low profile tires have lower aspect ratios, generally less than 50 and shorter sidewalls as compared to standard tires. Low profile tires have larger treads and are stiff and are made from advanced rubber compounds and additives.

Increase in demand for enhanced ride handling, superior traction, and rapid response while driving is boosting the low profile tire market. Demand for powerful and sports or performance vehicles, such as SUVs, is rising owing to an increase in young buyers of vehicles. Increase in sales of SUVs and performance sedans is driving the low profile tire market. Low profile tires have low rolling resistance and hence, offer superior fuel economy. Regulatory boards such as the European Union have started labelling tires according to fuel economy, grip, noise, and emission.

Enactment of similar mandates globally is projected to fuel the adoption of low profile tires. Rise in concern about vehicle safety and technologies such as ‘Run-Flat’ technology is boosting the demand for low profile tires. These tires contain lesser amount of rubber and thus, enables the use of a larger-sized wheel. Rise in demand for larger wheels, in order to enhance esthetic appearance, is expected to drive the demand for low profile tires.

Request to View Brochure of Report@ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=61167

Low profile tires are expensive, generate more noise, and undergo more wear due to wider contact area. Therefore, several consumers prefer cost-effective standard tires, which in turn is restraining the low profile tire market.

The global low profile tire market can be segmented based on rim size, vehicle, sales channel, and region. Based on rim size, the low profile tire market can be segregated into 13 inch-15 inch, 16 inch-20 inch, and above 21 inch. The 16 inch-20 inch segment accounts for a notable share of the low profile tire market owing to high sales of vehicles that have rim sizes between 16 to 20 inches.

Based on vehicle type, the global low profile tire market can be classified into passenger vehicle, light commercial vehicle, and heavy commercial vehicle. Low profile tires are highly preferred for passenger vehicles in order to enhance driving comfort and hence, the passenger vehicle segment held a notable share of the market.

Request for ToC @ https://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=61167

Tire manufacturers such as Continental AG have developed low profile tires for light & heavy duty applications with higher load carrying capacity. Penetration of low profile tires is considerably low in light & heavy commercial vehicles; however, it is expected to rise considerably during the forecast period owing to advancements in rubber technology.