Market Overview:
The global automotive tire aftermarket market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The market is segmented on the basis of type, application and region. On the basis of type, the market is segmented into 230MM. On the basis of application, the market is segmented into passenger car, light commercial vehicle (LCV), bus and truck. Region wise, North America dominates the global automotive tire aftermarket with a share of 36%, followed by Europe with 27%.
Product Definition:
The automotive tire aftermarket is the industry that provides replacement tires, tire-related services, and related products for automobiles and light trucks. It encompasses both original equipment (OE) and replacement tires. The OE market consists of the manufacturers who supply new tires to automakers for installation on new vehicles at the time of manufacture. The replacement market is made up of tire retailers who sell tires to consumers as replacements for worn-out or damaged tires.
200mm refers to the diameter of a tire when it is mounted on a vehicle. The 200mm Tire Aftermarket consists of two segments, which are the replacement market and the re-treading market. In case of replacement, if there is no tread left on a tire then it gets vulcanized (replaced with steel) and if there is still tread left then it gets downsized (cut into pieces & sold as recycled rubber).
200-230MM:
200-230MM is a range of Automotive Tire Aftermarket products that are used to replace the original equipment tires. The 200-230mm size category is mostly used for passenger cars and light truck tires. The automotive industry has been experiencing significant growth over the past few years, which has led to an increase in demand for replacement parts such as wheels, batteries, and other auto accessories.
Application Insights:
Passenger car tires accounted for the largest share in the global automotive tire aftermarket and are projected to witness significant growth over the forecast period. Factors such as increasing disposable income, population growth, and improved standard of living are expected to drive demand for passenger cars which is likely to result in an increase in production of passenger cars. This is anticipated to further fuel market growth over the next eight years.
Light commercial vehicle (LCV) segment held a substantial share in 2017 owing to rising demand from developing countries such as India, China and Brazil among others. LCVs have higher capacity than light trucks but fewer seats thus they find greater application scope globally especially across emerging countries where space is at a premium due to rapid urbanization trends coupled with growing transportation needs on account of increasing trade activities globally has led major manufacturers including Daimler AG., Ford Motor Company LLC., General Motors Company LLC., Volvo AB among others introduce LCVs worldwide which will boost industry size further during this period.
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 sales of passenger cars and light commercial vehicles, especially in China, India, South Korea and Japan. In addition, rising disposable income coupled with an expanding middle-class population base will drive demand for automobiles which will further boost growth across this region.
Europe was estimated at USD X billion as the second largest regional segment followed by North America owing to high demand from countries such as Germany and France among others that are major automobile manufacturing hubs across this region.
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 people. This is expected to result in an increase in the demand for automotive tires, which will subsequently drive the growth of the automotive tire aftermarket market.
- Technological advancements: The emergence of new technologies such as run-flat tires and self-inflating tires has led to an increase in vehicle safety and fuel efficiency, which is driving the growth of the automotive tire aftermarket market. Additionally, OEMs are increasingly adopting advanced manufacturing processes that are helping reduce manufacturing costs, thereby resulting in lower prices for consumers. This is also contributing significantly to market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Tire Aftermarket Market Research Report
By Type
<200MM, 200-230MM, >230MM
By Application
Passenger Car, Light Commercial Vehicle, Bus, Truck
By Companies
Bridgestone, Goodyear Tire & Rubber, Continental, Michelin, Sumitomo 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
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Tire Aftermarket Market Report Segments:
The global Automotive Tire Aftermarket market is segmented on the basis of:
Types
<200MM, 200-230MM, >230MM
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, Light Commercial Vehicle, Bus, Truck
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 Tire & Rubber
- Continental
- Michelin
- Sumitomo Rubber
Highlights of The Automotive Tire Aftermarket 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:
- <200MM
- 200-230MM
- >230MM
- By Application:
- Passenger Car
- Light Commercial Vehicle
- Bus
- Truck
- 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 Tire Aftermarket 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 Tire Aftermarket is the business of selling replacement tires and related products to car owners. This can include items such as tire pressure gauges, wheel balancing services, and even new or used tires.
Some of the key players operating in the automotive tire aftermarket market are Bridgestone, Goodyear Tire & Rubber, Continental, Michelin, Sumitomo Rubber.
The automotive tire aftermarket 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 Automotive Tire Aftermarket 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 Tire Aftermarket Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Tire Aftermarket 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 Tire Aftermarket 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 Tire Aftermarket Market Size & Forecast, 2018-2028
4.5.1 Automotive Tire Aftermarket Market Size and Y-o-Y Growth
4.5.2 Automotive Tire Aftermarket Market Absolute $ Opportunity
Chapter 5 Global Automotive Tire Aftermarket 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 Tire Aftermarket Market Size Forecast by Type
5.2.1 <200MM
5.2.2 200-230MM
5.2.3 >230MM
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Tire Aftermarket 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 Tire Aftermarket Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Light Commercial Vehicle
6.2.3 Bus
6.2.4 Truck
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Tire Aftermarket 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 Tire Aftermarket 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 Tire Aftermarket Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Tire Aftermarket 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 Tire Aftermarket Market Size Forecast by Type
9.6.1 <200MM
9.6.2 200-230MM
9.6.3 >230MM
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 Tire Aftermarket Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 Light Commercial Vehicle
9.10.3 Bus
9.10.4 Truck
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 Tire Aftermarket Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Tire Aftermarket 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 Tire Aftermarket Market Size Forecast by Type
10.6.1 <200MM
10.6.2 200-230MM
10.6.3 >230MM
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 Tire Aftermarket Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 Light Commercial Vehicle
10.10.3 Bus
10.10.4 Truck
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 Tire Aftermarket Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Tire Aftermarket 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 Tire Aftermarket Market Size Forecast by Type
11.6.1 <200MM
11.6.2 200-230MM
11.6.3 >230MM
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 Tire Aftermarket Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 Light Commercial Vehicle
11.10.3 Bus
11.10.4 Truck
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 Tire Aftermarket Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Tire Aftermarket 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 Tire Aftermarket Market Size Forecast by Type
12.6.1 <200MM
12.6.2 200-230MM
12.6.3 >230MM
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 Tire Aftermarket Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 Light Commercial Vehicle
12.10.3 Bus
12.10.4 Truck
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 Tire Aftermarket Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Tire Aftermarket 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 Tire Aftermarket Market Size Forecast by Type
13.6.1 <200MM
13.6.2 200-230MM
13.6.3 >230MM
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 Tire Aftermarket Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 Light Commercial Vehicle
13.10.3 Bus
13.10.4 Truck
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 Tire Aftermarket Market: Competitive Dashboard
14.2 Global Automotive Tire Aftermarket Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bridgestone
14.3.2 Goodyear Tire & Rubber
14.3.3 Continental
14.3.4 Michelin
14.3.5 Sumitomo Rubber
