Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Spare Tires Market by Type (Inner Tube, Tubeless), By Application (Sedans, SUV, Trucks & Buses, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Spare Tires Market by Type (Inner Tube, Tubeless), By Application (Sedans, SUV, Trucks & Buses, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 264504 4200 Automobile & Transportation 377 192 Pages 4.8 (42)
                                          

Market Overview:


The global spare tires 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 cars and commercial vehicles, along with the rising trend of replacement tires over original equipment manufacturer (OEM) tires. In terms of type, the inner tube segment is expected to hold a larger share in the global spare tires market during the forecast period, owing to its low cost and easy installation.


Global Spare Tires Industry Outlook


Product Definition:


A spare tire is a type of vehicle tyre that is kept in reserve for use in the event of a flat tyre.


Inner Tube:


Inner tube is a rubber product which is used in the manufacturing of tires. It has a round shape and can be inflated with air to make it suitable for use as a spare tire. The inner tubes are available in different sizes depending upon the application requirements, for instance, mountain bike tires require smaller sized inner tubes as they are designed specifically to carry rough terrains while road bike tires have wider dimensions and need larger sized inner tubes so that they can accommodate more tread depth.


Tubeless:


Tubeless tires are those which do not have a valve attached to them. The air is supplied by the vehicle’s tire pressure monitoring system, and they can be used with any pneumatic tire. They were initially designed for use in bicycles but are now being increasingly adopted in automobiles as well owing to their several benefits such as less rolling resistance, better safety, and stability among others.


Application Insights:


The SUV segment accounted for the largest share of over 30.0% in 2017 and is expected to continue its dominance over the forecast period. The growing demand for four-wheelers with high safety standards, luxury features, and better performance than sedans is projected to have a positive impact on segment growth.


Spare tires are widely used in trucks & buses as they provide better handling characteristics along with enhanced stability at higher speeds compared to passenger cars or light commercial vehicles (LCVs). Moreover, increasing utilization of these tires by public transport agencies owing to their low maintenance cost and durability is likely to fuel market growth during the forecast period.  Increasing production capacities coupled with rising consumer disposable income levels in emerging economies such as China India & Brazil has resulted in increased production of LCVs which will further propel market growth during the estimated time frame.


Regional Analysis:


Asia Pacific dominated the global spare tires market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to increasing vehicle production, low cost of manufacturing, high population density, and rapid urbanization. The presence of key manufacturers such as Bridgestone Corporation; Goodyear Tire & Rubber Company; Michelin Group; Pirelli & Co. KGaA.; Yokohama Rubber Co., Ltd.; and Dunlop Limited has also contributed significantly towards regional growth.


The Asia Pacific region is characterized by rapidly growing economies that are home to some of the largest automotive markets across the globe such as China and India.


Growth Factors:


  • Increasing demand for spare tires from the automotive sector
  • Growing popularity of off-road vehicles and SUVs
  • Proliferation of online tire retailers and installation services
  • Rising number of road accidents and vehicle breakdowns
  • Technological advancements in tire manufacturing

Scope Of The Report

Report Attributes

Report Details

Report Title

Spare Tires Market Research Report

By Type

Inner Tube, Tubeless

By Application

Sedans, SUV, Trucks & Buses, Others

By Companies

Bridgestone, Michelin, Goodyear, Continental, Pirelli, Hankook, Sumitomo, Yokohama, Maxxis, Zhongce, GITI Tire, Cooper Tire, Kumho Tire, Toyo Tire, Apollo Tyres, Triangle Group, Nexen Tire, Hengfeng Rubber, Nokian Tyres

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

192

Number of Tables & Figures

135

Customization Available

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


Global Spare Tires Market Report Segments:

The global Spare Tires market is segmented on the basis of:

Types

Inner Tube, Tubeless

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

Sedans, SUV, Trucks & Buses, 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:

  1. Bridgestone
  2. Michelin
  3. Goodyear
  4. Continental
  5. Pirelli
  6. Hankook
  7. Sumitomo
  8. Yokohama
  9. Maxxis
  10. Zhongce
  11. GITI Tire
  12. Cooper Tire
  13. Kumho Tire
  14. Toyo Tire
  15. Apollo Tyres
  16. Triangle Group
  17. Nexen Tire
  18. Hengfeng Rubber
  19. Nokian Tyres

Global Spare Tires Market Overview


Highlights of The Spare Tires 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. Inner Tube
    2. Tubeless
  1. By Application:

    1. Sedans
    2. SUV
    3. Trucks & Buses
    4. Others
  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 Spare 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.

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Global Spare Tires 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?


Spare tires are a type of tire that is not used on the vehicle for which it was designed. They are typically stored in a warehouse or other location and can be used to replace tires on another vehicle if needed.

Some of the major players in the spare tires market are Bridgestone, Michelin, Goodyear, Continental, Pirelli, Hankook, Sumitomo, Yokohama, Maxxis, Zhongce, GITI Tire, Cooper Tire, Kumho Tire, Toyo Tire, Apollo Tyres, Triangle Group, Nexen Tire, Hengfeng Rubber, Nokian Tyres.

The spare tires 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 Spare 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 Spare Tires Market Dynamics       4.2.1 Market Drivers       4.2.2 Market Restraints       4.2.3 Market Opportunity    4.3 Spare 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 Spare 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 Spare Tires Market Size & Forecast, 2018-2028       4.5.1 Spare Tires Market Size and Y-o-Y Growth       4.5.2 Spare Tires Market Absolute $ Opportunity

Chapter 5 Global Spare 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 Spare Tires Market Size Forecast by Type
      5.2.1 Inner Tube
      5.2.2 Tubeless
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Spare 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 Spare Tires Market Size Forecast by Applications
      6.2.1 Sedans
      6.2.2 SUV
      6.2.3 Trucks & Buses
      6.2.4 Others
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Spare 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 Spare 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 Spare Tires Analysis and Forecast
   9.1 Introduction
   9.2 North America Spare 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 Spare Tires Market Size Forecast by Type
      9.6.1 Inner Tube
      9.6.2 Tubeless
   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 Spare Tires Market Size Forecast by Applications
      9.10.1 Sedans
      9.10.2 SUV
      9.10.3 Trucks & Buses
      9.10.4 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 Spare Tires Analysis and Forecast
   10.1 Introduction
   10.2 Europe Spare 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 Spare Tires Market Size Forecast by Type
      10.6.1 Inner Tube
      10.6.2 Tubeless
   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 Spare Tires Market Size Forecast by Applications
      10.10.1 Sedans
      10.10.2 SUV
      10.10.3 Trucks & Buses
      10.10.4 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 Spare Tires Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Spare 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 Spare Tires Market Size Forecast by Type
      11.6.1 Inner Tube
      11.6.2 Tubeless
   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 Spare Tires Market Size Forecast by Applications
      11.10.1 Sedans
      11.10.2 SUV
      11.10.3 Trucks & Buses
      11.10.4 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 Spare Tires Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Spare 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 Spare Tires Market Size Forecast by Type
      12.6.1 Inner Tube
      12.6.2 Tubeless
   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 Spare Tires Market Size Forecast by Applications
      12.10.1 Sedans
      12.10.2 SUV
      12.10.3 Trucks & Buses
      12.10.4 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) Spare Tires Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Spare 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) Spare Tires Market Size Forecast by Type
      13.6.1 Inner Tube
      13.6.2 Tubeless
   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) Spare Tires Market Size Forecast by Applications
      13.10.1 Sedans
      13.10.2 SUV
      13.10.3 Trucks & Buses
      13.10.4 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 Spare Tires Market: Competitive Dashboard
   14.2 Global Spare Tires Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Bridgestone
      14.3.2 Michelin
      14.3.3 Goodyear
      14.3.4 Continental
      14.3.5 Pirelli
      14.3.6 Hankook
      14.3.7 Sumitomo
      14.3.8 Yokohama
      14.3.9 Maxxis
      14.3.10 Zhongce
      14.3.11 GITI Tire
      14.3.12 Cooper Tire
      14.3.13 Kumho Tire
      14.3.14 Toyo Tire
      14.3.15 Apollo Tyres
      14.3.16 Triangle Group
      14.3.17 Nexen Tire
      14.3.18 Hengfeng Rubber
      14.3.19 Nokian Tyres

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