Low Rolling Resistance Tire Market By Vehicle Type (Passenger Cars, Light Commercial Vehicles [LCVs], Heavy Commercial Vehicles [HCVs], Electric Vehicles [EVs]); By Tire Type (Radial Tires, Bias Tires, Tubeless Tires); By Application (On-road, Off-road, High-performance); By Material (Rubber-based, Silica-based, Other eco-friendly compounds); By Geography, Segment revenue estimation, Forecast, 2024-2032.

The low rolling resistance tire market was worth USD 12.5 billion in 2023 and will be worth USD 21 billion by 2030, growing at a CAGR of 6.7% during the forecast period.

 

The driving force for the low rolling resistance tire market is the increasing global awareness of fuel efficiency and concern for carbon emissions in the automobile industry. Reduced rolling resistance tires can deliver between 5 and 7% better fuel economy – a massive boon for motorists and company car fleets alike. For instance, the use of such tires in EVs increases the car’s range by up to 10%, translating to significantly important in today’s fast-growing EV market. Recent developments include Michelin’s introduction of the e.Primacy Tire, designed specifically for electric and hybrid vehicles, claims it offers the lowest rolling resistance in its class. Furthermore, regulatory authorities in certain locations, such as Europe, are now setting high standards for CO2 emissions; this automatically puts pressure on car makers to use these tires as standard, boosting the market.

 

The Low Rolling Resistance Tire market has significant potential as the automobile industry focuses on environmental friendliness and electrical vehicles. The projected worldwide EV sales range between 10 million in 2023 and 27 million in 2030 necessitates low rolling resistance tires that optimize EV range and efficiency. For instance, Bridgestone recently introduced the ENLITEN technology to produce lighter tires with less rolling resistance to help vehicles reduce power consumption while still providing safety and durability. With governments across the globe increasingly tightening measures on emissions, automobile manufacturers are also installing low rolling resistance tires in a bid to satisfy these practices hence opening up more growth opportunities. Furthermore, to enhance performance and minimize the negative effect on the environment, the tire manufacturers are now directing their attention towards Research&Development of sustainable materials including silica-based compounds in the tire compounds.

 

 

Market Segmentation

By Vehicle Type:

• Passenger Cars

• Light Commercial Vehicles (LCVs)

• Heavy Commercial Vehicles (HCVs)

• Electric Vehicles (EVs)

 

By Tire Type:

• Radial Tires

• Bias Tires

• Tubeless Tires

 

By Application:

• On-road

• Off-road

• High-performance

 

By Material:

• Rubber-based

• Silica-based

• Other eco-friendly compounds

 

By Region

North America

• US

• Mexico

• Canada

• Rest of North America

 

Europe

• Switzerland

• Russia

• France

• Germany

• U.K

• Finland

• Turkey

• Netherlands

• Belgium

• Spain

• Italy

• Rest of Europe

 

Asia Pacific

• India

• China

• South Korea

• Japan

• Singapore

• Thailand

• Indonesia

• Malaysia

• Philippines

• Australia

• Rest of Asia-Pacific

 

LAMEA

• Brazil

• Argentina

• Uruguay

• Saudi Arabia

• Rest of LAMEA

 

Segment Analysis of the Low-Rolling Resistance Tire Market

By Vehicle Type:

Leading Segment: Passenger Cars

Passenger cars dominate the low rolling resistance (LRR) tire market, holding over 50% of the total market share. This dominance is driven by the increasing demand for fuel-efficient and eco-friendly vehicles, particularly in developed markets like North America and Europe. Automakers such as Toyota and Honda are increasingly equipping their hybrid & electric models with LRR tires to improve fuel economy. For instance, the Toyota Prius comes standard with LRR tires to enhance efficiency. This segment is expected to grow steadily with a CAGR of around 7.5% during the forecast period.

Fastest-Growing Segment: Electric Vehicles (EVs)

The EV segment is witnessing the highest growth in demand for LRR tires, with a CAGR of over 12%. As EV adoption accelerates, tire manufacturers are focusing on designing low rolling resistance tires to enhance battery range. Companies like Michelin & Bridgestone have launched specialized LRR tires for EVs, such as the Michelin e.Primacy and Bridgestone Turanza EV, which improve driving range by reducing rolling resistance. With global EV sales projected to grow at 15%+ CAGR, the demand for LRR tires in this segment will surge.

 

By Tire Type:

Leading Segment: Radial Tires

Radial tires account for over 70% of the LRR tire market due to their superior fuel efficiency, durability, and lower rolling resistance compared to bias tires. They are widely used in passenger cars, LCVs, and HCVs, making them the preferred choice for OEMs and aftermarket replacements. Bridgestone’s Ecopia and Michelin’s Energy Saver series are among the leading radial LRR tires in the market.

Fastest-Growing Segment: Tubeless Tires

Tubeless tires are growing at a CAGR of 10%, driven by their lower weight, improved safety & better heat dissipation, which contributes to fuel efficiency. The shift towards tubeless LRR tires is particularly prominent in emerging markets like India & Southeast Asia, where their adoption in passenger and commercial vehicles is increasing rapidly.

 

By Application:

Leading Segment: On-Road

The on-road segment holds over 80% of the LRR tire market, as these tires are primarily used in passenger vehicles, light commercial vehicles, and electric cars for city & highway driving. As global regulations push for fuel-efficient vehicles, the on-road segment continues to expand. Companies like Goodyear and Continental focus on designing LRR tires for everyday urban and highway use.

Fastest-Growing Segment: High-Performance

High-performance LRR tires are growing at a CAGR of 9.5%, driven by the increasing adoption of EVs & premium vehicles requiring efficiency without compromising speed and handling. For example, Pirelli’s Elect tires are designed specifically for high-performance electric cars like the Tesla Model S and Porsche Taycan, balancing low rolling resistance with high grip and performance.

 

By Material:

Leading Segment: Rubber-Based

Rubber-based LRR tires currently dominate the market with a market share exceeding 60%, as they are the most widely used material in conventional & electric vehicles. However, sustainability concerns are prompting tire manufacturers to incorporate eco-friendly alternatives.

Fastest-Growing Segment: Silica-Based Tires

Silica-based tires are growing at a CAGR of 11%, as they reduce rolling resistance while improving wet grip. Leading tire manufacturers like Continental and Michelin have developed silica-enhanced compounds to achieve better fuel efficiency and performance. The Michelin Energy Saver A/S, which uses a high-silica compound, provides a 5-7% improvement in fuel economy compared to traditional rubber-based tires.

 

By Region:

Leading Region: Asia Pacific

Asia Pacific holds the largest market share of over 40%, driven by the increasing demand for fuel-efficient tires in China, Japan & India. Government regulations promoting fuel economy standards, coupled with the region's growing automotive industry, are fueling demand for LRR tires. Companies like Yokohama & Bridgestone are expanding production facilities in the region to meet rising demand.

Fastest-Growing Region: Europe

Europe is the fastest-growing market, with a CAGR of 10.5%, due to strict emissions regulations and rising EV adoption. The European Union’s push for reducing CO2 emissions in the transportation sector has led to growing adoption of LRR tires among both passenger and commercial vehicle manufacturers. Companies like Michelin, Continental, and Pirelli are at the forefront of innovation in this region, introducing new-generation LRR tires with enhanced fuel efficiency.

 

Key Players

• Michelin

• Bridgestone Corporation

• Continental AG

• Goodyear Tire & Rubber Company

• Pirelli & C. S.p.A.

• Yokohama Rubber Co., Ltd.

• Hankook Tire & Technology Co., Ltd.

• Sumitomo Rubber Industries, Ltd.

• Nokian Tyres plc

• Toyo Tire Corporation

 

Low Rolling Resistance Tire Market Report Coverage

Report Attribute	Details
Forecast Period	2023 – 2030
Market Size Value in 2023	USD 12.5 billion
Revenue Forecast in 2030	USD 21 billion
Overall Growth Rate	CAGR of 6.7%
Base Year for Estimation	2022
Historical Data	2017 – 2021
Unit	USD Billion, CAGR (2023 - 2030)
Segmentation	By Vehicle Type, By Tire Type, By Application, By Material, By Region
By Vehicle Type	Passenger Cars, Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles (HCVs), Electric Vehicles (EVs)
By Tire Type	Radial Tires, Bias Tires, Tubeless Tires
By Application	On-road, Off-road, High-performance
By Material	Rubber-based, Silica-based, Other eco-friendly compounds
By Region	North America, Europe, Asia Pacific, LAMEA
Country Scope	US, Mexico, Canada, Germany, UK, France, China, Japan, India, etc.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.