Market Overview:
The global passenger vehicle radial tire market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for passenger vehicles, especially in developing countries such as China and India. Additionally, the increasing adoption of radial tires by OEMs is also contributing to the growth of this market. The global passenger vehicle radial tire market can be segmented on the basis of type into all steel, semi-steel, and other tires. The all steel segment is expected to dominate the global market during the forecast period owing to its superior performance and durability as compared to other types of tires. On the basis of application, this market can be divided into OEM and aftermarket segments.
Product Definition:
A passenger vehicle radial tire is a type of automotive tire that uses radial construction in which the cords extending from the wheel hub to the tread are arranged at 90 degrees to the direction of travel, compared with approximately 30 degrees in bias-ply tires.
All Steel:
All steel radial tires are made up of a single piece of metal, which is heated and bent into the desired shape. The process requires high heat treatment facilities and skilled labor owing to safety issues associated with the process. In addition, all-steel radial tires cost more than other types of passenger vehicle tires as they are manufactured in higher quantities.
Semi-steel:
Semi-steel is a material made of steel and plastic. It is used in the manufacturing of radial tires for passenger vehicles such as trucks, vans, and cars. The semi-steels are manufactured using processes such as injection molding and extrusion. They offer several advantages over the steel rims including lower weight, better performance in cold weather conditions, resistance to cuts & abrasion along with higher load carrying capacity than the metal counterparts.
Application Insights:
OEMs held around 69.0% of the global market in terms of revenue in 2017. The dominant position can be attributed to the high penetration of this segment as well as low price competition among OEMs for attracting consumers, especially in emerging regions such as Asia Pacific and Latin America.
The growing importance of radial tires is also supported by their ability to provide better handling and braking performance under adverse conditions such as snow, rain and gravel roads at a lower cost than other types of tires. Moreover, radial tires are more durable than other types due to which they have a longer life span with less wear & tear on vehicles traveling at higher speeds on paved surfaces compared to when using non-radial tire brands or products.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue in 2017. The region is expected to maintain its dominance over the forecast period owing to high demand for passenger vehicles and growing manufacturing facilities. China, India, Japan, South Korea are some of the largest markets for passenger cars and this has led to an increase in production capacities as well as demand for radial tires across these countries.
Europe was another major regional segment accounting for a share of more than 25% in 2017 owing to high demand from OEMs across several countries such as Germany, France Italy and U.K., which resulted into increased sales volume of passenger vehicles with radials tires on account of their superior performance compared to all steel counterparts under same conditions i.e., temperature & road condition etc.
Growth Factors:
- Increasing demand for passenger vehicles
- Rising disposable income of consumers in developing countries
- Technological advancements in radial tire manufacturing process
- Growing popularity of radial tires among original equipment manufacturers (OEMs) and aftermarket customers
- Proliferation of online retail channels for selling passenger vehicle radial tires
Scope Of The Report
Report Attributes
Report Details
Report Title
Passenger Vehicle Radial Tire Market Research Report
By Type
All Steel, Semi-steel, Other
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Passenger Vehicle Radial Tire Market Report Segments:
The global Passenger Vehicle Radial Tire market is segmented on the basis of:
Types
All Steel, Semi-steel, 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
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 Radial 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:
- All Steel
- Semi-steel
- Other
- 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 Radial 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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- 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?
Passenger Vehicle Radial Tire is a type of tire that is designed for use on passenger vehicles. These tires are typically used on cars, trucks, and SUVs. They are made from rubber and have a tread pattern that helps to provide traction while driving.
Some of the major companies in the passenger vehicle radial tire market are Michelin, Bridgestone, Continental, Pirelli, Goodyear, Shanghai Huayi, Sumitomo Rubber Industries, ZC Rubber, Yokohama, Nokian Tyres, Hankook, Maxxis, Triangle Group.
The passenger vehicle radial 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 Passenger Vehicle Radial 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 Radial Tire Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Passenger Vehicle Radial 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 Radial 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 Radial Tire Market Size & Forecast, 2018-2028
4.5.1 Passenger Vehicle Radial Tire Market Size and Y-o-Y Growth
4.5.2 Passenger Vehicle Radial Tire Market Absolute $ Opportunity
Chapter 5 Global Passenger Vehicle Radial 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 Radial Tire Market Size Forecast by Type
5.2.1 All Steel
5.2.2 Semi-steel
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Passenger Vehicle Radial 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 Radial 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 Radial 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 Radial 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 Radial Tire Analysis and Forecast
9.1 Introduction
9.2 North America Passenger Vehicle Radial 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 Radial Tire Market Size Forecast by Type
9.6.1 All Steel
9.6.2 Semi-steel
9.6.3 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 Passenger Vehicle Radial 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 Radial Tire Analysis and Forecast
10.1 Introduction
10.2 Europe Passenger Vehicle Radial 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 Radial Tire Market Size Forecast by Type
10.6.1 All Steel
10.6.2 Semi-steel
10.6.3 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 Passenger Vehicle Radial 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 Radial Tire Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Passenger Vehicle Radial 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 Radial Tire Market Size Forecast by Type
11.6.1 All Steel
11.6.2 Semi-steel
11.6.3 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 Passenger Vehicle Radial 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 Radial Tire Analysis and Forecast
12.1 Introduction
12.2 Latin America Passenger Vehicle Radial 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 Radial Tire Market Size Forecast by Type
12.6.1 All Steel
12.6.2 Semi-steel
12.6.3 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 Passenger Vehicle Radial 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 Radial Tire Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Passenger Vehicle Radial 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 Radial Tire Market Size Forecast by Type
13.6.1 All Steel
13.6.2 Semi-steel
13.6.3 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) Passenger Vehicle Radial 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 Radial Tire Market: Competitive Dashboard
14.2 Global Passenger Vehicle Radial 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
