Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Competition Tire Market by Type (18-inch, 15-inch, 13-inch, Other), By Application (Auto Racing, Motorcycle Racing) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Competition Tire Market by Type (18-inch, 15-inch, 13-inch, Other), By Application (Auto Racing, Motorcycle Racing) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 235664 4200 Automobile & Transportation 377 201 Pages 4.9 (34)
                                          

Market Overview:


The global competition 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 high-performance tires from various applications, such as auto racing and motorcycle racing. In terms of type, the 18-inch segment is expected to hold the largest share of the global competition tire market during the forecast period. This can be attributed to their growing popularity in North America and Europe, where they are used extensively in sports cars and luxury vehicles.


Global Competition Tire Industry Outlook


Product Definition:


A Competition Tire is a type of tire specifically designed for use in auto racing. They are typically made of a softer rubber compound than regular tires, which gives them better traction and handling on the track. Competition Tires also have wider tread patterns, which provide more grip and stability when cornering.


18-inch:


18 inch wheels are commonly used for competition vehicles such as drag racing, sports cars, road race cars and SCCA club racing. The wheel size is gaining popularity in the market owing to its benefits which include a stiffer ride quality and better traction. Additionally, 18-inch wheels also provide more steering angle which gives the driver more control over the vehicle especially during high speed driving conditions.


15-inch:


15-inch wheels are commonly used in competition vehicles such as sports cars, roadsters, sedans and GT's. The wheel is also used on some high performance trucks and SUV's. 15 Inch wheels have a diameter of 0.78 to 0.79 inches which makes them ideal for racing applications where the vehicle has to perform at its best with no weight handicap due to the extra load it carries on tires while driving on roads or tracks at high speeds.


Application Insights:


The global competition tire market is segmented by application into auto racing, off-road motor racing, and motorcycle racing. The auto-racing segment held the largest share in 2017 due to the increasing popularity of motorsports globally. Automotive manufacturers are continuously investing in research & development activities for developing better tires that deliver enhanced performance and handling characteristics under various weather conditions on road as well as off-road surfaces. This has resulted in an increased demand for competition tires across all major automotive categories including luxury, sports cars, and economy class vehicles among others.


The growing popularity of motorsports worldwide has led to a significant increase in the number of events taking place annually both on road courses and off road circuits across several regions such as Europe, Asia Pacific North America Latin America Middle East & Africa Oceania .


Regional Analysis:


Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed tremendous growth in automobile production, especially passenger cars, since 2010. China accounted for a major share of this production and sales owing to low manufacturing cost coupled with easy availability of labor and raw materials.


The growing popularity of motorsports across emerging economies such as India, Japan, Malaysia and Thailand is also anticipated to drive demand for tires over the next eight years. Furthermore, increasing spending on R&D by tire manufacturers would further boost product demand in Asia Pacific region during the forecast period.


Europe was estimated as one of the largest regional markets in 2017 due to presence of prominent racing series including World Rally Championship (WRC), Formula E Championship and Blancpain GT Series among others that take place across various countries including Belgium, France Italy Germany etc.


Growth Factors:


  • Increasing demand for performance tires in the automotive industry
  • Rising demand for eco-friendly and fuel-efficient tires
  • Proliferation of online tire retailers
  • Growing popularity of radial tires over bias ply tires
  • Advances in tire technology

Scope Of The Report

Report Attributes

Report Details

Report Title

Competition Tire Market Research Report

By Type

18-inch, 15-inch, 13-inch, Other

By Application

Auto Racing, Motorcycle Racing

By Companies

Pirelli, Goodyear, Hankook Tire, Michelin, Bridgestone, Yokohama, Continental

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

201

Number of Tables & Figures

141

Customization Available

Yes, the report can be customized as per your need.


Global Competition Tire Market Report Segments:

The global Competition Tire market is segmented on the basis of:

Types

18-inch, 15-inch, 13-inch, Other

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

Auto Racing, Motorcycle Racing

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:

  1. Pirelli
  2. Goodyear
  3. Hankook Tire
  4. Michelin
  5. Bridgestone
  6. Yokohama
  7. Continental

Global Competition Tire Market Overview


Highlights of The Competition Tire Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. 18-inch
    2. 15-inch
    3. 13-inch
    4. Other
  1. By Application:

    1. Auto Racing
    2. Motorcycle Racing
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Competition 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
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Competition Tire Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Competition Tire is a company that manufactures and sells tires for racing.

Some of the major companies in the competition tire market are Pirelli, Goodyear, Hankook Tire, Michelin, Bridgestone, Yokohama, Continental.

The competition 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 Competition 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 Competition Tire Market Dynamics       4.2.1 Market Drivers       4.2.2 Market Restraints       4.2.3 Market Opportunity    4.3 Competition 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 Competition 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 Competition Tire Market Size & Forecast, 2018-2028       4.5.1 Competition Tire Market Size and Y-o-Y Growth       4.5.2 Competition Tire Market Absolute $ Opportunity

Chapter 5 Global Competition 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 Competition Tire Market Size Forecast by Type
      5.2.1 18-inch
      5.2.2 15-inch
      5.2.3 13-inch
      5.2.4 Other
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Competition 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 Competition Tire Market Size Forecast by Applications
      6.2.1 Auto Racing
      6.2.2 Motorcycle Racing
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Competition 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 Competition 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 Competition Tire Analysis and Forecast
   9.1 Introduction
   9.2 North America Competition 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 Competition Tire Market Size Forecast by Type
      9.6.1 18-inch
      9.6.2 15-inch
      9.6.3 13-inch
      9.6.4 Other
   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 Competition Tire Market Size Forecast by Applications
      9.10.1 Auto Racing
      9.10.2 Motorcycle Racing
   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 Competition Tire Analysis and Forecast
   10.1 Introduction
   10.2 Europe Competition 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 Competition Tire Market Size Forecast by Type
      10.6.1 18-inch
      10.6.2 15-inch
      10.6.3 13-inch
      10.6.4 Other
   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 Competition Tire Market Size Forecast by Applications
      10.10.1 Auto Racing
      10.10.2 Motorcycle Racing
   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 Competition Tire Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Competition 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 Competition Tire Market Size Forecast by Type
      11.6.1 18-inch
      11.6.2 15-inch
      11.6.3 13-inch
      11.6.4 Other
   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 Competition Tire Market Size Forecast by Applications
      11.10.1 Auto Racing
      11.10.2 Motorcycle Racing
   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 Competition Tire Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Competition 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 Competition Tire Market Size Forecast by Type
      12.6.1 18-inch
      12.6.2 15-inch
      12.6.3 13-inch
      12.6.4 Other
   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 Competition Tire Market Size Forecast by Applications
      12.10.1 Auto Racing
      12.10.2 Motorcycle Racing
   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) Competition Tire Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Competition 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) Competition Tire Market Size Forecast by Type
      13.6.1 18-inch
      13.6.2 15-inch
      13.6.3 13-inch
      13.6.4 Other
   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) Competition Tire Market Size Forecast by Applications
      13.10.1 Auto Racing
      13.10.2 Motorcycle Racing
   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 Competition Tire Market: Competitive Dashboard
   14.2 Global Competition Tire Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Pirelli
      14.3.2 Goodyear
      14.3.3 Hankook Tire
      14.3.4 Michelin
      14.3.5 Bridgestone
      14.3.6 Yokohama
      14.3.7 Continental

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