Market Overview:
The global auto tire market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for passenger vehicles and commercial vehicles, and the growing awareness about safety features in tires. In terms of type, the OE tire segment is expected to dominate the global auto tire market during the forecast period, owing to its high quality and durability. However, replacement tires are also gaining popularity due to their lower cost as compared with OE tires. In terms of application, passenger vehicles are expected to account for a larger share of the global auto tire market duringthe forecast period as compared with commercial vehicles.
Product Definition:
A tire is a component of a wheel. A typical tire consists of an inflated rubber casing mounted on a metal rim. The rubber casing is vulcanized to the rim and contains cords running from bead to bead, parallel to the axis of rotation.
OE Tire:
OE tire is the tires that are used in original equipment. It includes passenger cars, light trucks and buses, heavy trucks and trailers, agricultural vehicles (tractors), and others. The OE tire market has been witnessing significant growth over the past few years on account of increasing demand for automobiles across all major regions including North America, Europe Asia Pacific and Latin America.
Replacement Tire:
The replacement tire is a spare tire that is used in case of a puncture, flat, or any other mechanical breakdown. The demand for the replacement tire has been increasing owing to the factors such as increase in road accidents and rapid development of automobile industry across the globe. Moreover, stringent government regulations regarding road safety have also been driving market growth.
Road traffic crashes are one of the major causes behind loss of life and disability worldwide.
Application Insights:
Passenger vehicle application accounted for a share of over 70.0% in 2017 and is expected to maintain its dominance over the forecast period. The growing trend of buying passenger vehicles with higher performance tires is expected to remain a prominent factor driving the segment growth.
The commercial vehicle segment is projected to witness significant growth during the forecast period, owing to rising demand from construction industry across various regions including Asia Pacific, North America and Europe. Growing emphasis on safety by companies operating heavy trucks or buses on account of increasing accidents due to lack of driver fatigue coupled with high usage frequency are some factors that are likely drive market growth in this segment during the forecast period.
The replacement tire application was estimated at USD 391 million in 2017.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 40.0% in 2017. The region is expected to witness significant growth over the forecast period owing to increasing automotive production and sales, especially in China, India, Japan and South Korea. In addition, rising disposable income levels are anticipated to fuel demand for passenger cars and light commercial vehicles across emerging economies such as China and India.
The European auto tire industry is highly competitive owing to presence of major players such as Bridgestone Europe Ltd., Michelin Group’s S.A., Pirelli & C. S.pA.
Growth Factors:
- Increasing demand for automobiles: The global automobile production is expected to grow at a CAGR of 3.5% during the forecast period, owing to the increasing disposable income and changing lifestyle of consumers. This is expected to result in an increase in demand for tires, which will subsequently drive the growth of the auto tire market.
- Technological advancements: Tire manufacturers are focusing on developing innovative technologies that can improve fuel efficiency and driving experience. Such technological advancements are likely to boost the growth of the auto tire market during the forecast period.
- Stringent emission norms: Stringent emission norms across different countries are compelling automakers to equip their vehicles with advanced emissions control systems, which require high-quality tires for optimum performance. This is anticipated to propel demand for auto tires in forthcoming years, thereby propelling market growth.. 4) Rising consumer awareness about safety features: Consumers are increasingly becoming aware about safety features offered by different types of tires available in the market and this is propelling demand for premium quality tires across regions worldwide .This trend is anticipated to have a positive impact on overall market growth over next few years 5) Growing popularity of SUV segment: The popularity of SUVs has been growing rapidly across different regions due its enhanced performance and styling as compared with other segments such as sedans or hatchbacks
Scope Of The Report
Report Attributes
Report Details
Report Title
Auto Tire Market Research Report
By Type
OE Tire, Replacement Tire
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
Bridgestone, GoodYear, Continental, Michelin, Sumitomo, Hankook, Pirelli, Yokohama, Zhongce Rubber, Toyo Tire Corporation, Bridgestone, Apollo Tyres, KUMHO TIRES, Linglong Tire, MRF, Cheng Shin Rubber(Maxxis), Sailun Group, Nokian Tyres, Triangle Tire Group, JK TYRE, AEOLUS TYRE, Giti, Nexen Tire
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
218
Number of Tables & Figures
153
Customization Available
Yes, the report can be customized as per your need.
Global Auto Tire Market Report Segments:
The global Auto Tire market is segmented on the basis of:
Types
OE Tire, Replacement Tire
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Vehicle, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bridgestone
- GoodYear
- Continental
- Michelin
- Sumitomo
- Hankook
- Pirelli
- Yokohama
- Zhongce Rubber
- Toyo Tire Corporation
- Bridgestone
- Apollo Tyres
- KUMHO TIRES
- Linglong Tire
- MRF
- Cheng Shin Rubber(Maxxis)
- Sailun Group
- Nokian Tyres
- Triangle Tire Group
- JK TYRE
- AEOLUS TYRE
- Giti
- Nexen Tire
Highlights of The Auto Tire Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- OE Tire
- Replacement Tire
- By Application:
- Passenger Vehicle
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Auto Tire Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Auto Tire is a website that sells tires and automotive parts.
Some of the key players operating in the auto tire market are Bridgestone, GoodYear, Continental, Michelin, Sumitomo, Hankook, Pirelli, Yokohama, Zhongce Rubber, Toyo Tire Corporation, Bridgestone, Apollo Tyres, KUMHO TIRES, Linglong Tire, MRF, Cheng Shin Rubber(Maxxis), Sailun Group, Nokian Tyres, Triangle Tire Group, JK TYRE, AEOLUS TYRE, Giti, Nexen Tire.
The auto tire market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Auto Tire Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Auto Tire Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Auto Tire Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Auto Tire Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Auto Tire Market Size & Forecast, 2020-2028
4.5.1 Auto Tire Market Size and Y-o-Y Growth
4.5.2 Auto Tire Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 OE Tire
5.2.2 Replacement Tire
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Vehicle
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Auto Tire Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Auto Tire Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 OE Tire
9.6.2 Replacement Tire
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Vehicle
9.10.2 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 OE Tire
10.6.2 Replacement Tire
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Vehicle
10.10.2 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 OE Tire
11.6.2 Replacement Tire
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Vehicle
11.10.2 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 OE Tire
12.6.2 Replacement Tire
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Vehicle
12.10.2 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 OE Tire
13.6.2 Replacement Tire
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Vehicle
13.10.2 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Auto Tire Market: Competitive Dashboard
14.2 Global Auto Tire Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bridgestone
14.3.2 GoodYear
14.3.3 Continental
14.3.4 Michelin
14.3.5 Sumitomo
14.3.6 Hankook
14.3.7 Pirelli
14.3.8 Yokohama
14.3.9 Zhongce Rubber
14.3.10 Toyo Tire Corporation
14.3.11 Bridgestone
14.3.12 Apollo Tyres
14.3.13 KUMHO TIRES
14.3.14 Linglong Tire
14.3.15 MRF
14.3.16 Cheng Shin Rubber(Maxxis)
14.3.17 Sailun Group
14.3.18 Nokian Tyres
14.3.19 Triangle Tire Group
14.3.20 JK TYRE
14.3.21 AEOLUS TYRE
14.3.22 Giti
14.3.23 Nexen Tire
