Market Overview:
The global automotive snow tire chains market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for passenger cars and commercial vehicles across the globe. Additionally, the rising awareness about safety among consumers has led them to install automotive snow tire chains in their vehicles, thereby propelling the market growth. On the basis of type, metal snow chain segment is expected to account for a major share of the global automotive snow tire chains market during 2018-2030. This can be attributed to their high durability as compared with other types of chains available in the market. However, nonmetal Snow Chain segment is anticipated grow at a higher CAGR over forecast period owing its low weight and easy installation process as compared with metal Snow Chains. Passenger Cars segment accounted for majority share of global automotive snow tire chains market in 2017 and is projected witness highest CAGR over forecast period owing increasing demand for passenger cars across globe coupled with stringent safety norms by regulatory authorities such as NHTSA (National Highway Traffic Safety Administration) in North America region .
Product Definition:
Snow chains are a type of chain that is fitted to the tires of a vehicle in order to provide extra traction in snowy or icy conditions. They work by gripping the snow on the ground, providing more grip for the tire and helping to prevent slipping. Snow chains are usually used when there is heavy snowfall or icy conditions, and can be very helpful in getting around safely during these times.
Metal Snow Chain:
Metal snow chain is a type of vehicle winter tire chains that are made from steel or alloy metal. The product is manufactured in various sizes and shapes to suit the vehicles’ requirements. It has been gaining popularity among consumers due to its longer durability, strength, flexibility and low maintenance characteristics as compared to other types of chains available in the market.
The product also provides better traction while driving on snow-covered roads during winters, which makes driving experience for customers safer than before.
Nonmetal Snow Chain:
Nonmetal snow chain is a type of accessory that is used to improve traction in snow-covered roads. It consists of two metal plates joined by a crossbar. The crossbar has four or five prongs that are used to dig into the snow and provide better traction than single plate chains can offer on their own.
The automotive industry has been witnessing significant growth across the globe, especially in emerging economies such as China, India, Brazil.
Application Insights:
Passenger cars segment held the largest share of over 60.0% in 2017. The demand for snow tires during winters is one of the major factors that determine the market share of this segment. In addition, increasing penetration and popularity of 4WD vehicles is expected to drive product demand in this application over the forecast period.
Commercial vehicles are anticipated to witness significant growth at a CAGR exceeding 5.0% from 2018 to 2030 owing to rising use in construction and mining applications respectively across several regions worldwide including North America, Europe, Asia Pacific and Middle East & Africa on account of high performance offered by these products under adverse climatic conditions such as deep snowfall and ice accumulation along with superior traction ability on slushy roads or tracks thereby offering enhanced safety for vehicle drivers involved in heavy traffic areas during winters season especially across countries such as China, India Japan etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in terms of revenue and is anticipated to witness significant growth over the forecast period owing to increasing demand from developing countries such as China, India, Thailand, Malaysia etc. In addition, rising disposable income coupled with an increase in vehicle production will drive this regional market further.
Europe was estimated at USD X million in 2017 and is projected to grow at a CAGR of XX% during the forecast years on account of high demand for snow tires chains from countries including Russia, Norway & Sweden among others which are characterized by heavy snowfall throughout winter season.
Growth Factors:
- Increasing demand for passenger cars and commercial vehicles
- Rising awareness about the benefits of using automotive snow tire chains
- Technological advancements in automotive snow tire chains manufacturing process
- Growing number of winter sports enthusiasts
- Stringent safety norms for automobiles
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Snow Tire Chains Market Research Report
By Type
Metal Snow Chain, Nonmetal Snow Chain
By Application
Passenger Cars, Commercial Vehicles
By Companies
Pewag, Rud, Trygg, Thule, Peerless Chain, Laclede Chain, Ottinger Schneeketten, Maggi Catene, BABAC Tire Chains, Hangzhou Feifei Chain, Jinhua Gowin, Lianyi Rubber
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
160
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Snow Tire Chains Market Report Segments:
The global Automotive Snow Tire Chains market is segmented on the basis of:
Types
Metal Snow Chain, Nonmetal Snow Chain
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 Cars, Commercial Vehicles
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:
- Pewag
- Rud
- Trygg
- Thule
- Peerless Chain
- Laclede Chain
- Ottinger Schneeketten
- Maggi Catene
- BABAC Tire Chains
- Hangzhou Feifei Chain
- Jinhua Gowin
- Lianyi Rubber
Highlights of The Automotive Snow Tire Chains 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:
- Metal Snow Chain
- Nonmetal Snow Chain
- By Application:
- Passenger Cars
- Commercial Vehicles
- 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 Automotive Snow Tire Chains 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:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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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?
Automotive snow tire chains are a type of winter tire chain that is designed to be used on vehicles that travel in snowy or icy conditions. These chains are made from heavy-duty steel and are typically fitted around the front and rear tires of a vehicle. They help to prevent the vehicle from becoming stuck in snow or ice, and can also be used to pull a stranded car free.
Some of the major companies in the automotive snow tire chains market are Pewag, Rud, Trygg, Thule, Peerless Chain, Laclede Chain, Ottinger Schneeketten, Maggi Catene, BABAC Tire Chains, Hangzhou Feifei Chain, Jinhua Gowin, Lianyi Rubber.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Snow Tire Chains 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 Automotive Snow Tire Chains Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Snow Tire Chains 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 Automotive Snow Tire Chains 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 Automotive Snow Tire Chains Market Size & Forecast, 2020-2028
4.5.1 Automotive Snow Tire Chains Market Size and Y-o-Y Growth
4.5.2 Automotive Snow Tire Chains 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 Metal Snow Chain
5.2.2 Nonmetal Snow Chain
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 Cars
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Snow Tire Chains 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 Automotive Snow Tire Chains 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 Metal Snow Chain
9.6.2 Nonmetal Snow Chain
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 Cars
9.10.2 Commercial Vehicles
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 Metal Snow Chain
10.6.2 Nonmetal Snow Chain
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 Cars
10.10.2 Commercial Vehicles
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 Metal Snow Chain
11.6.2 Nonmetal Snow Chain
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 Cars
11.10.2 Commercial Vehicles
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 Metal Snow Chain
12.6.2 Nonmetal Snow Chain
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 Cars
12.10.2 Commercial Vehicles
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 Metal Snow Chain
13.6.2 Nonmetal Snow Chain
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 Cars
13.10.2 Commercial Vehicles
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 Automotive Snow Tire Chains Market: Competitive Dashboard
14.2 Global Automotive Snow Tire Chains Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Pewag
14.3.2 Rud
14.3.3 Trygg
14.3.4 Thule
14.3.5 Peerless Chain
14.3.6 Laclede Chain
14.3.7 Ottinger Schneeketten
14.3.8 Maggi Catene
14.3.9 BABAC Tire Chains
14.3.10 Hangzhou Feifei Chain
14.3.11 Jinhua Gowin
14.3.12 Lianyi Rubber
