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Automotive Tire Market: CAFE Norms Compel Automakers to Invest More in Hybrid and Electric Vehicle Technology

 

Rockville, MD -- (SBWIRE) -- 05/20/2019 -- Countries across the globe are looking to embrace fuel consumption norms for passenger cars— corporate average fuel efficiency (CAFE) for all car makers which could be pivotal in deciphering the realignment move in the global automotive industry. The CAFE norms is likely to compel SUV and car makers to invest more in hybrid and electric vehicle technology.

The parameter has become indispensable to vehicle manufacturers in the U.S. with the implementation of CAFE standards of new cars. Relentless improvement in tire design and rubber chemistry are offering novel tires that provide tremendous mileage and enhanced performance even in hostile conditions. Unique asymmetrical bands for improved safety and traction on snowy and wet roads are being witnessed.

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Tire design engineers have also tried their hands in non-pneumatic tires which is not expected to go flat as they don't contain air under pressure. These tires provide lower rolling resistance for superior handling and greater fuel economy given contact area is significant between tread and road. The flexible cover with an impermeable lining is designed to resist the cutting and abrasive wear of road contact and to shield the tire against loss of air puncture.

With rolling resistance requiring accurate instrumentation, speed control, calibration and equipment alignment for repeatable results. Given rolling resistance can consume up to a quarter of the energy needed to drive at highway speeds, it becomes rationale to keep tires inflated.

The use of pneumatic tire is mainly attributed to its unparalleled features such as low vertical stiffness; low resistance; high longitudinal and lateral stiffness and high sliding friction in both wet and dry conditions and resistance to damage and wear such as puncturing and abrasion.

In line with the sophisticated technology, OEMs have sped up the research in the development of smart tires. Accordingly, in order to keep an eye on driving scenarios automotive tire manufacturers are placing sensors into tires. Latterly, Continental AG announced the much-anticipated launch of ContiSense and ContiAdapt technologies that aim to provide efficacious solutions for autonomous driving. Esteemed players vie to achieve sustainable and safer mobility through the use of advanced automotive tire.

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Automotive Tire Market: Overview

The intelligence report on the automotive tire market is backed up by qualitative and quantitative analysis. Besides, the report delineates the dynamics in the market which have overarching influence in the growth of the automotive tire market, including drivers, restraints, trends, and opportunities. Additionally, the report also delineates segmentation to showcases a comprehensive analysis of the automotive tire market.

The report also shed light on executive summary and overview section, comprehensively delineating automotive tire market. Furthermore, the overview section delves into supply chain analysis, value chain analysis, pricing analysis and PESTLE analysis to shed light on the automotive tire market.

The report swears by primary sources and secondary sources which offer an in-depth assessment on automotive tire market. The report hinges upon primary source, which includes authentic and veracious analysis from pundits, telephonic interview and unbiased assessment from seasoned analyst, and surveys. Meanwhile, the secondary research relies on Factiva, resourceful database, EC filing and trade journals.

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