Press Release

Ultra High Performance (UHP) Tire Market to Cross $ 43 Billion by 2023

Growing demand for high performance vehicles and increasing inclination of tire manufacturers towards UHP tires coupled with rising adoption of UHP tires by automakers to drive global UHP tire market through 2023

     

According to TechSci Research report, “Global Ultra High Performance (UHP) Tire Market By Vehicle Type, By Tire Type, By Demand Category, By Region, Competition Forecast & Opportunities, 2013 – 2023”, the global UHP tire market is projected to surpass $ 43 billion by 2023. Anticipated growth in the global UHP tire market can be attributed to increasing consumer demand for high performance vehicles and tires that can provide comfort even at high speed and over bumpy areas. Growing sales of premium vehicles and increasing preference for UHP tires among OEMs would positively influence the global UHP tire market in the coming years. 

Browse 171 Figures spread through 256 Pages and an in-depth TOC on "Global Ultra High Performance (UHP) Tire Market"

https://www.techsciresearch.com/report/ultra-high-performance-uhp-tire-market/2086.html

 According to a consumer survey by TechSci Research, Pirelli, Continental and Michelin are the most recognized UHP tire brands across the globe. These UHP tire brands are placed at the top in terms of satisfaction level among customers with respect to lifetime, vehicle compatibility and performance of tires. North America and European regions account for the largest share in the global UHP market, backed by huge fleet size of performance vehicles, SUVs & CUVs in these regions. Also, summer & all-season tires are the most preferred tire types in the global UHP tire market, as they deliver precise response in dry and wet conditions. 

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“Michelin, Bridgestone, Goodyear, Continental, Hankook and Pirelli are few of the market leaders in the global UHP tire market. Their continued investments are anticipated to intensify the market competition across the globe in the coming years. Moreover, growing demand for high performance vehicles and comfortable ride quality coupled with focus of several major tire manufacturers on increasing the production of UHP tires would significantly boost UHP tire sales, globally, during the forecast period”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Ultra High Performance (UHP) Tire Market By Vehicle Type, By Tire Type, By Demand Category, By Region, Competition Forecast & Opportunities, 2013 – 2023 has analyzed the potential of UHP tire market across the globe, and provides statistics and information on market size, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by the global UHP tire market. 

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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Relevant Reports

Global Ultra High Performance (UHP) Tire Market By Vehicle Type (Passenger Car Vs Two Wheeler), By Tire Type (Summer & All-Season Vs Winter), By Demand Category (Replacement Vs OEM), By Region, Competition Forecast & Opportunities, 2013 – 2023

Automotive | Feb, 2018

Growing demand for high performance vehicles and increasing inclination of tire manufacturers towards UHP tires coupled with rising adoption of UHP tires by automakers to drive global UHP tire market through 2023

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