Market Overview:
The global passenger vehicle bias tire 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 growth of the global passenger vehicle bias tire market can be attributed to the increasing demand for luxury cars and SUVs across the globe. Additionally, the increasing demand for fuel-efficient vehicles has led OEMs to focus on developing lightweight tires, which is expected to boost the growth of the global passenger vehicle bias tire market during the forecast period. On basis of type, ordinary bias tires are expected to account for a major share ofthe global passenger vehicle bias tire market during 2018-2030. This can be attributedto their low cost as compared with other typesof tires available in themarket.
Product Definition:
A Passenger Vehicle Bias Tire is a type of tire that is designed for use on passenger vehicles. These tires are typically narrower and have a smaller tread radius than other types of tires, which makes them better suited for use on cars and other passenger vehicles. Passenger Vehicle bias tires provide better handling and braking performance than other types of tires, making them ideal for use in wet or icy conditions.
Ordinary Bias Tires:
Introduction of new technologies in the tire industry is expected to drive growth over the forecast period. The introduction of new materials and manufacturing processes has led to an increase in performance capabilities, which is expected to positively influence market growth.
The development of lightweight tires with high durability and resistance against wear & tear is anticipated to propel demand over the next seven years.
Bias Belted Tire:
Bias belted tire is a type of tire which has separate treads for the front and rear tires. The bias belt is a strip of fabric or rubber which runs between the inner side of the tire and rim to prevent rotation. It helps in improving steering control as well as increases stability while driving at high speeds.
Application Insights:
OEMs held the largest market share of over 70% in 2017. The dominance is attributed to the extensive use of OEM tires across various applications including commercial vehicles, light trucks and passenger cars. The growing preference for buying new passenger cars instead of leasing or renting has resulted in an increased demand for tires from OEMs. This trend is expected to continue over the forecast period as most consumers prefer replacing worn out or damaged wheels with new ones rather than repairing them.
The aftermarket segment is projected to expand at a CAGR exceeding 5% from 2018 to 2030 owing to rising consumer awareness regarding tire safety and performance along with increasing disposable income levels in emerging markets such as China, India and Brazil among others in Asia Pacific region.
Regional Analysis:
Asia Pacific dominated the global passenger vehicle bias tire market in terms of revenue with a share of over 40.0% in 2017. This is attributed to increasing sales of passenger vehicles, especially commercial vehicles, in countries such as China and India. Furthermore, rising disposable income coupled with an increase in per capita spending on automotive products will boost the growth further over the forecast period.
Europe was estimated to be the second-largest regional segment followed by Asia Pacific based on volume consumed for 2016 owing to high demand from OEMs for tires that provide superior performance and safety characteristics as compared to ordinary tires used across all segments including luxury cars and off-roaders.
Growth Factors:
- Increasing demand for passenger vehicles
- Rising disposable income of consumers
- Technological advancements in the automotive sector
- Growing awareness about the benefits of bias tires over radial tires
- Government initiatives to promote the use of passenger vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Passenger Vehicle Bias Tire Market Research Report
By Type
Ordinary Bias Tires, Bias Belted Tire
By Application
OEM, Aftermarket
By Companies
Michelin, Bridgestone, Continental, Pirelli, Goodyear, Shanghai Huayi, Sumitomo Rubber Industries, ZC Rubber, Yokohama, Nokian Tyres, Hankook, Maxxis, Triangle Group
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
174
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Passenger Vehicle Bias Tire Market Report Segments:
The global Passenger Vehicle Bias Tire market is segmented on the basis of:
Types
Ordinary Bias Tires, Bias Belted 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
OEM, Aftermarket
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:
- Michelin
- Bridgestone
- Continental
- Pirelli
- Goodyear
- Shanghai Huayi
- Sumitomo Rubber Industries
- ZC Rubber
- Yokohama
- Nokian Tyres
- Hankook
- Maxxis
- Triangle Group
Highlights of The Passenger Vehicle Bias 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:
- Ordinary Bias Tires
- Bias Belted Tire
- By Application:
- OEM
- Aftermarket
- 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 Passenger Vehicle Bias 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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- 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?
Passenger Vehicle Bias Tire is a type of tire that is designed to improve the handling and braking performance of passenger vehicles. These tires are typically wider than regular tires, which allows them to better absorb shock during collisions.
Some of the major players in the passenger vehicle bias tire market are Michelin, Bridgestone, Continental, Pirelli, Goodyear, Shanghai Huayi, Sumitomo Rubber Industries, ZC Rubber, Yokohama, Nokian Tyres, Hankook, Maxxis, Triangle Group.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Passenger Vehicle Bias 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 Passenger Vehicle Bias Tire Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Passenger Vehicle Bias 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 Passenger Vehicle Bias 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 Passenger Vehicle Bias Tire Market Size & Forecast, 2018-2028
4.5.1 Passenger Vehicle Bias Tire Market Size and Y-o-Y Growth
4.5.2 Passenger Vehicle Bias Tire Market Absolute $ Opportunity
Chapter 5 Global Passenger Vehicle Bias 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 Passenger Vehicle Bias Tire Market Size Forecast by Type
5.2.1 Ordinary Bias Tires
5.2.2 Bias Belted Tire
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Passenger Vehicle Bias 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 Passenger Vehicle Bias Tire Market Size Forecast by Applications
6.2.1 OEM
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Passenger Vehicle Bias 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 Passenger Vehicle Bias 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 Passenger Vehicle Bias Tire Analysis and Forecast
9.1 Introduction
9.2 North America Passenger Vehicle Bias 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 Passenger Vehicle Bias Tire Market Size Forecast by Type
9.6.1 Ordinary Bias Tires
9.6.2 Bias Belted 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 Passenger Vehicle Bias Tire Market Size Forecast by Applications
9.10.1 OEM
9.10.2 Aftermarket
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 Passenger Vehicle Bias Tire Analysis and Forecast
10.1 Introduction
10.2 Europe Passenger Vehicle Bias 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 Passenger Vehicle Bias Tire Market Size Forecast by Type
10.6.1 Ordinary Bias Tires
10.6.2 Bias Belted 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 Passenger Vehicle Bias Tire Market Size Forecast by Applications
10.10.1 OEM
10.10.2 Aftermarket
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 Passenger Vehicle Bias Tire Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Passenger Vehicle Bias 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 Passenger Vehicle Bias Tire Market Size Forecast by Type
11.6.1 Ordinary Bias Tires
11.6.2 Bias Belted 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 Passenger Vehicle Bias Tire Market Size Forecast by Applications
11.10.1 OEM
11.10.2 Aftermarket
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 Passenger Vehicle Bias Tire Analysis and Forecast
12.1 Introduction
12.2 Latin America Passenger Vehicle Bias 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 Passenger Vehicle Bias Tire Market Size Forecast by Type
12.6.1 Ordinary Bias Tires
12.6.2 Bias Belted 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 Passenger Vehicle Bias Tire Market Size Forecast by Applications
12.10.1 OEM
12.10.2 Aftermarket
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) Passenger Vehicle Bias Tire Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Passenger Vehicle Bias 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) Passenger Vehicle Bias Tire Market Size Forecast by Type
13.6.1 Ordinary Bias Tires
13.6.2 Bias Belted 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) Passenger Vehicle Bias Tire Market Size Forecast by Applications
13.10.1 OEM
13.10.2 Aftermarket
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 Passenger Vehicle Bias Tire Market: Competitive Dashboard
14.2 Global Passenger Vehicle Bias Tire Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Michelin
14.3.2 Bridgestone
14.3.3 Continental
14.3.4 Pirelli
14.3.5 Goodyear
14.3.6 Shanghai Huayi
14.3.7 Sumitomo Rubber Industries
14.3.8 ZC Rubber
14.3.9 Yokohama
14.3.10 Nokian Tyres
14.3.11 Hankook
14.3.12 Maxxis
14.3.13 Triangle Group
