Market Overview:
The global automotive summer 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 cars and commercial vehicles, coupled with the rising disposable income of consumers in developing countries. In terms of type, the replacement segment is expected to dominate the global automotive summer tire market during the forecast period, owing to its low cost as compared to OEM tires. However, OEM tires are expected to witness higher growth rates as compared to replacement tires due to their superior quality and longer life span. In terms of application, passenger cars are anticipatedto hold a larger share ofthe global automotive summer tire market duringthe forecastperioddue tothedemand for these vehiclesfrom emerging markets such as China and India.
Product Definition:
An automotive summer tire is a type of tire that is specifically designed for use in warm weather climates. These tires have a higher tread wear rating and are engineered to provide better traction in hot weather conditions. Automotive summer tires also typically have a softer rubber compound, which allows them to flex more at lower temperatures, providing better grip on the road.
Replacement:
Replacement Summer Tire is a type of tire which is used to replace the regular tires in the event of punctures, cuts or cracks. The product finds its major application in passenger cars and light truck market.
The growth factor for replacement summer tire market size can be attributed to factors such as stringent government regulations regarding vehicle safety, increasing demand for automobiles from developing economies and rising disposable income levels among consumers.
OEM:
OEM (Original Equipment Manufacturers) are the companies that manufacture the original equipment for a vehicle. The company that manufactures the OEM component is called as OEM while automobile manufacturers who supply vehicles to another company to be used as an OEM are known as tier 1 suppliers, tier 2 suppliers and tier 3 suppliers. Tier 1, Tier 2 & Tier 3 supply various automotive components such as batteries, power trains and drive shafts among others.
Application Insights:
The passenger car segment accounted for the largest revenue share of over 70% in 2017. The demand for passenger cars is generally higher in summer than other seasons as a result of increased travel activities. On the other hand, sales of commercial vehicles are generally highest in winters and spring due to low temperatures and snowfall across major regions including Europe, North America and Asia Pacific. Summer tires are primarily used by drivers during dry weather conditions on roads with high speed traffic as well as on highways at speeds above 75 mph (120 km/h).
Passenger car drivers usually opt for all-season or winter tires depending upon their driving habits and vehicle requirements.
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 likely to witness significant growth over the next eight years. This can be attributed to increasing automobile production, sales, and service activities across emerging economies such as China, India, Indonesia among others.
The European market was valued at USD X billion in 2017 owing to high demand from several key markets including Germany, France Italy among other countries are anticipated to drive regional growth during the forecast period.
Growth Factors:
- Increasing demand for summer tires from the automotive sector as a result of increasing sales of passenger cars and light commercial vehicles
- Rising demand for premium and luxury cars, which are typically equipped with summer tires as standard
- Growing popularity of sports cars and supercars, which also require the use of summer tires
- Proliferation of tire-fitting centers across developed and developing countries, making it easier for consumers to buy and install summer tires
- Advances in tire technology that have led to the development of more durable and safer summer tires
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Summer Tire Market Research Report
By Type
Replacement, OEM
By Application
Passenger Car, Commecial Car
By Companies
Apollo Tyres Ltd., Bridgestone Corp., Continental AG, Cooper Tire & Rubber Co., Hankook Tire Co. Ltd., Michelin Group, Pirelli & C. Spa, Sumitomo Rubber Industries Ltd., The Goodyear Tire & Rubber Co., The Yokohama Rubber Co. Ltd., Apollo Tyres Ltd.
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
149
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Summer Tire Market Report Segments:
The global Automotive Summer Tire market is segmented on the basis of:
Types
Replacement, OEM
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 Car, Commecial Car
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:
- Apollo Tyres Ltd.
- Bridgestone Corp.
- Continental AG
- Cooper Tire & Rubber Co.
- Hankook Tire Co. Ltd.
- Michelin Group
- Pirelli & C. Spa
- Sumitomo Rubber Industries Ltd.
- The Goodyear Tire & Rubber Co.
- The Yokohama Rubber Co. Ltd.
- Apollo Tyres Ltd.
Highlights of The Automotive Summer 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:
- Replacement
- OEM
- By Application:
- Passenger Car
- Commecial Car
- 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 Summer 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:
- Correctly Positioning New 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?
Automotive summer tires are designed to provide better traction and handling in hot weather. They are also made to be more durable than regular tires, so they can handle more wear and tear over time.
Some of the major companies in the automotive summer tire market are Apollo Tyres Ltd., Bridgestone Corp., Continental AG, Cooper Tire & Rubber Co., Hankook Tire Co. Ltd., Michelin Group, Pirelli & C. Spa, Sumitomo Rubber Industries Ltd., The Goodyear Tire & Rubber Co., The Yokohama Rubber Co. Ltd., Apollo Tyres Ltd..
The automotive summer tire market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Summer 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 Automotive Summer Tire Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Summer 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 Automotive Summer 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 Automotive Summer Tire Market Size & Forecast, 2018-2028
4.5.1 Automotive Summer Tire Market Size and Y-o-Y Growth
4.5.2 Automotive Summer Tire Market Absolute $ Opportunity
Chapter 5 Global Automotive Summer Tire 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 Automotive Summer Tire Market Size Forecast by Type
5.2.1 Replacement
5.2.2 OEM
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Summer Tire 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 Automotive Summer Tire Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Commecial Car
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Summer 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 Automotive Summer 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 Automotive Summer Tire Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Summer Tire 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 Automotive Summer Tire Market Size Forecast by Type
9.6.1 Replacement
9.6.2 OEM
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 Automotive Summer Tire Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 Commecial Car
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 Automotive Summer Tire Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Summer Tire 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 Automotive Summer Tire Market Size Forecast by Type
10.6.1 Replacement
10.6.2 OEM
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 Automotive Summer Tire Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 Commecial Car
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 Automotive Summer Tire Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Summer Tire 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 Automotive Summer Tire Market Size Forecast by Type
11.6.1 Replacement
11.6.2 OEM
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 Automotive Summer Tire Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 Commecial Car
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 Automotive Summer Tire Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Summer Tire 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 Automotive Summer Tire Market Size Forecast by Type
12.6.1 Replacement
12.6.2 OEM
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 Automotive Summer Tire Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 Commecial Car
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) Automotive Summer Tire Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Summer Tire 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) Automotive Summer Tire Market Size Forecast by Type
13.6.1 Replacement
13.6.2 OEM
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) Automotive Summer Tire Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 Commecial Car
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 Summer Tire Market: Competitive Dashboard
14.2 Global Automotive Summer Tire Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Apollo Tyres Ltd.
14.3.2 Bridgestone Corp.
14.3.3 Continental AG
14.3.4 Cooper Tire & Rubber Co.
14.3.5 Hankook Tire Co. Ltd.
14.3.6 Michelin Group
14.3.7 Pirelli & C. Spa
14.3.8 Sumitomo Rubber Industries Ltd.
14.3.9 The Goodyear Tire & Rubber Co.
14.3.10 The Yokohama Rubber Co. Ltd.
14.3.11 Apollo Tyres Ltd.
