Market Overview:
The global radial tires market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for radial tires from the automotive sector, especially in developing countries. Additionally, the increasing demand for trucks and buses is also contributing to the growth of this market. The all-steel radial tire segment is expected to dominate the global radial tires market during the forecast period. This segment accounted for more than two-thirds of the total share in 2017 and is projected to maintain its dominance during 2018-2030 owing to its high durability and longer life span as compared with other types of radial tires available in the market.
Product Definition:
Radial tires are a type of pneumatic tire in which the cords that reinforce the sidewall are arranged in a radial pattern, perpendicular to the direction of travel. This arrangement results in a greater resistance to bending and twisting forces than bias ply tires. Radial tires also have a smaller diameter when inflated to the same pressure as bias ply tires, making them more responsive and giving them better fuel economy.
All - steel radial tires:
All-steel radial tires are the ones manufactured without using any alloys or steel cord in the carcass. The material used for manufacturing these tires is usually a polymer compound, which is then reinforced with metal. However, it can also be made of glass fibers and carbon fibers mixed with resin.
Semi - steel radial tires:
Semi - steel radial tires are used in radial tires market. Radial tire is a type of tire which is designed to replace the regular pneumatic tire by using the inner tube and carcass. The carcass of semi-steel radial consists of two ply sheets, one being rubber coated fabric and other being metalized fabric with steel wire embedded between them; whereas, the inner tube lies in between these two layers.
Application Insights:
The trucks application segment led the global radial tires market in 2017. Trucks are widely used for transporting goods and materials within a limited length, which requires high load capacity. The growing demand for heavy-duty vehicles is expected to drive the segment over the forecast period. Radial tires are also commonly known as rimmed tires owing to their structural design with a central metal rim encircling an inner rubber layer.
Radial tire advantages over other types of tires include higher load capacity, better performance on uneven roads and superior braking ability due to larger contact patches between tread and road surface. These benefits have encouraged several vehicle manufacturers across the world to use these products in their heavy-duty vehicle production lines including trucks, tractors, tankers and buses among others over recent years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of key players such as Sumitomo Rubber Industries, Ltd., Bridgestone tires, and Michelin has resulted in high product penetration across this region. Furthermore, increasing demand for commercial vehicles coupled with favorable government regulations is likely to drive regional growth over the next eight years.
Europe was estimated at USD X billion in 2017.
Growth Factors:
- Increasing demand for radial tires from the automotive sector
- Rising disposable income of consumers in developing countries
- Proliferation of online retail channels that offer discounts on radial tires
- Introduction of new and innovative products by tire manufacturers
- Growing awareness about the benefits of using radial tires among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Radial Tires Market Research Report
By Type
All - steel radial tires, Semi - steel radial tires, Full - fiber radial tire
By Application
Trucks, Car, Others
By Companies
Bridgestone, Goodyear, Michelin, Pirelli, Sumitomo Rubber, Yokohama Rubber, Continental, Cooper Tire & Rubber, KUMHO Tire, Hankook, Giti Tire
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
140
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Radial Tires Market Report Segments:
The global Radial Tires market is segmented on the basis of:
Types
All - steel radial tires, Semi - steel radial tires, Full - fiber radial 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
Trucks, Car, Others
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
- Michelin
- Pirelli
- Sumitomo Rubber
- Yokohama Rubber
- Continental
- Cooper Tire & Rubber
- KUMHO Tire
- Hankook
- Giti Tire
Highlights of The Radial Tires 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 radial tires
- Semi - steel radial tires
- Full - fiber radial tire
- By Application:
- Trucks
- Car
- Others
- 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 Radial Tires 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?
Radial tires are a type of tire that is designed to be mounted on a wheel that is in the center of the vehicle. Radial tires have a larger footprint than other types of tires, which allows them to handle better in wet conditions and provide more stability when driving over rough terrain.
Some of the major players in the radial tires market are Bridgestone, Goodyear, Michelin, Pirelli, Sumitomo Rubber, Yokohama Rubber, Continental, Cooper Tire & Rubber, KUMHO Tire, Hankook, Giti Tire.
The radial tires 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 Radial Tires 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 Radial Tires Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Radial Tires 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 Radial Tires 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 Radial Tires Market Size & Forecast, 2018-2028
4.5.1 Radial Tires Market Size and Y-o-Y Growth
4.5.2 Radial Tires Market Absolute $ Opportunity
Chapter 5 Global Radial Tires 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 Radial Tires Market Size Forecast by Type
5.2.1 All - steel radial tires
5.2.2 Semi - steel radial tires
5.2.3 Full - fiber radial tire
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Radial Tires 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 Radial Tires Market Size Forecast by Applications
6.2.1 Trucks
6.2.2 Car
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Radial Tires 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 Radial Tires 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 Radial Tires Analysis and Forecast
9.1 Introduction
9.2 North America Radial Tires 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 Radial Tires Market Size Forecast by Type
9.6.1 All - steel radial tires
9.6.2 Semi - steel radial tires
9.6.3 Full - fiber radial 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 Radial Tires Market Size Forecast by Applications
9.10.1 Trucks
9.10.2 Car
9.10.3 Others
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 Radial Tires Analysis and Forecast
10.1 Introduction
10.2 Europe Radial Tires 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 Radial Tires Market Size Forecast by Type
10.6.1 All - steel radial tires
10.6.2 Semi - steel radial tires
10.6.3 Full - fiber radial 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 Radial Tires Market Size Forecast by Applications
10.10.1 Trucks
10.10.2 Car
10.10.3 Others
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 Radial Tires Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Radial Tires 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 Radial Tires Market Size Forecast by Type
11.6.1 All - steel radial tires
11.6.2 Semi - steel radial tires
11.6.3 Full - fiber radial 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 Radial Tires Market Size Forecast by Applications
11.10.1 Trucks
11.10.2 Car
11.10.3 Others
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 Radial Tires Analysis and Forecast
12.1 Introduction
12.2 Latin America Radial Tires 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 Radial Tires Market Size Forecast by Type
12.6.1 All - steel radial tires
12.6.2 Semi - steel radial tires
12.6.3 Full - fiber radial 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 Radial Tires Market Size Forecast by Applications
12.10.1 Trucks
12.10.2 Car
12.10.3 Others
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) Radial Tires Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Radial Tires 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) Radial Tires Market Size Forecast by Type
13.6.1 All - steel radial tires
13.6.2 Semi - steel radial tires
13.6.3 Full - fiber radial 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) Radial Tires Market Size Forecast by Applications
13.10.1 Trucks
13.10.2 Car
13.10.3 Others
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 Radial Tires Market: Competitive Dashboard
14.2 Global Radial Tires Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bridgestone
14.3.2 Goodyear
14.3.3 Michelin
14.3.4 Pirelli
14.3.5 Sumitomo Rubber
14.3.6 Yokohama Rubber
14.3.7 Continental
14.3.8 Cooper Tire & Rubber
14.3.9 KUMHO Tire
14.3.10 Hankook
14.3.11 Giti Tire
