Smithers publishes report on future disruptive technologies in tyre industry
The tyre industry is undergoing tremendous change as a result of evolving consumer expectations, shifts in world demographics, government regulations and advancing technology. These factors impact tyre companies as they make decisions on R&D investment, product strategies and react to ever more strict government guidance.
In its report, The Future of Disruptive Technologies in the Tire Industry to 2040, Smithers, on the high level, discusses the overarching industry trends impacting tyre makers, including Industry 4.0, sustainability, raw materials market dynamics, electric vehicles and autonomous vehicles, and how the industry is growing and changing in reaction to these developments.
The report contents an in-depth market analysis of the technologies which will disrupt the tire industry to 2040 and 21 technologies and their ranking as disruptive in the industry over the next 20 years. It also contents comprehensive analysis of key market drivers and trends in the tyre market and the way that industry operates and the way that consumers think about products.
The report has been prepared on extensive primary and secondary research. Primary research consisted of targeted interviews with material suppliers, converters and experts drawn from key markets. This was supported by secondary research in the form of extensive literature analysis of published data, official government statistics, domestic and international trade organisation data, company websites, industry reports, trade press articles, presentations, and attendance at trade events. Disruptive technologies discussed in the report, which were evaluated by an industry panel of experts, include smart tyres, non-pneumatic tyres, bio-materials, recycled materials, and new materials technologies, among others.
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