Latest Research Report On Automotive 3D Printed Tires Market Size Predicts Favorable Growth And Forecast 2020

Automotive 3D Printed Tires Market Introduction

The automotive industry is evolving continuously and various technical, structural, and manufacturing developments are being witnessed globally. Recently, OEMs have begun adopting new technologies to manufacture tires and various other parts of vehicles. This latest technique of manufacturing tires or parts is known as Additive manufacturing (AM) or 3D printing. This process of manufacturing enables the 3D printer to develop the tire designed on a CAD into a fully functional and operational tire. This manufacturing technique enables the manufacturer to construct a diverse and complex-shaped structure with very high precision and high level of strength

Automotive 3D Printed Tires Market- Competitive Landscape

During the 2019 Movin’On Summit Michelin and General Motors Company unveiled the new generation Uptis tire. Michelin has plans to start production of Uptis Tire in 2024 to supply General Motors for its initiative of “Zero Crash, Zero Congestion”.

MICHELIN

Founded in 1889, Michelin is one of the key players based in Europe operating in global tire industry. Michelin primarily provides passenger vehicle tires and light truck tires and is a strong player in aftermarket segment. The company has global presence in 170 countries with 68 manufacturing facilities.

The Goodyear Tire & Rubber Company

Established in 1898, The Goodyear Tire & Rubber Company is a leading brand name globally. The company’s major businesses are across North America and Latin America, but it also has a prominent presence in other region. It has 48 manufacturing facilities in around 22 countries. The company manufactures aviation tire, passenger vehicle tire, commercial vehicle, off-the-road tire, racing tires and recreational vehicle tires.

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Airless tires developed by Michelin could be avaible by 2024

Automotive 3D Printed Tires Market Dynamics

Growing safety demand to drive the 3D printed tire market

The 3D printed tires comprises of the tire and wheel as one structure. The 3D printed tires eliminates the rims and there is no inflation. The 3D printed tires are sturdy and supports the vehicle weight but yet are flexible to absorb the vibrations. Since, the tires are airless they are not susceptible to deflation, blowouts and punctures. Automakers such as General Motors Company and AB Volvo have set goals to design crash free vehicles and are heavily investing in technologies promoting safer vehicles. Rising consumer awareness and demand from automakers to deliver safer vehicles is set to drive the 3D printed tire market.

Rise in demand of organic and emission free tires

The 3D printed tires such as Vision of Michelin is made from organic rubber compounds.The tire is thus biodegradable and easily retreadable. Carbon black & dust emission from tires form a hazardous pollutants. Tires are mandatory labelling covering parameters such as rolling resistance, wet grip and noise have become mandatory in Japan, South Korea, Brazil, China, GCC and European Union.

The 3D printed tire named Oxygene of The Goodyear Tire & Rubber Company features an open structure in the tire to allow moss growth. The moss will emit oxygen and further help reduce the emission caused by the vehicles. The electronics in the tire will be powered by the harvested energy from photosynthesis.

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Automotive 3D Printed Tires Market Segmentation

Based on the Material type, the automotive 3D printed tires market is segmented into

Synthetic Rubber
Mixed Material
Others

Based on the Vehicle type, the automotive 3D printed tires market is segmented into

Passenger Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle

Based on the Sales Channel, the automotive 3D printed tires market is segmented into

OEM
Aftermarket

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

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