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
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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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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
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