Market Overview:
The global SUV 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 SUVs across the globe and rising awareness about safety features offered by SUV tires. In terms of type, the all-season tires segment is expected to hold a major share of the global SUV tire market during the forecast period. This can be attributed to their ability to provide good performance across a wide range of weather conditions. In terms of application, OEM segment is expected to hold a major share of the global SUV tire market during 2018-2030 owing to increase in sales volume for original equipment manufacturers (OEMs).
Product Definition:
A SUV tire is a type of vehicle tire that is designed for use on sport utility vehicles. SUV tires are typically larger and wider than other types of vehicle tires, and they offer increased stability and traction. Because of their size and weight, SUV tires can also be more expensive than other types of vehicle tires.
All-season Tires:
All-season tires are designed to provide better performance in all weather conditions. They have rubber compounds that are optimized for providing grip in both extreme heat and cold. All-seasons also have a compound that provides good wet grip, even when the surface of the tire is slightly contaminated with oil, fuel or other contaminants. The tread pattern is designed to offer maximum stability on any terrain and at any speed while driving on road as well as offroad vehicles such as trucks and cars.
Three-season Tires:
Three-season tires are designed to provide better traction in mud, snow and ice. They also offer improved braking performance due to their enhanced friction properties. The tread pattern of three-season tires is designed to provide grip in all weather conditions. These types of tires are manufactured using rubber that is hard enough so as to withstand the rigors of winter, but flexible enough so as not to affect the vehicle's handling during summertime driving sessions.
Application Insights:
OEMs and other manufacturers offer a wide range of SUV tires for different applications. OEMs such as Michelin, Goodyear, Bridgestone Corporation, and radial tires are manufactured specifically for use in vehicles. These types of tires provide better grip in wet weather conditions along with enhanced control over the vehicle¢â‚¬â„¢s steering wheel. The aftermarket segment is expected to witness significant growth over the forecast period owing to growing consumer preference for non-stock replacement tire products that improve vehicle handling characteristics without compromising on ride quality or safety.
Regional Analysis:
The 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 Bridgestone, Michelin, Goodyear and Pirelli has been investing heavily in this region for last few years to capture significant share. In addition, growing demand for luxury vehicles with enhanced performance characteristics is likely to drive product adoption over the next eight years.
Europe accounted for a major share of revenue in 2017 owing to high demand from countries including Germany, France and U.K., where winter conditions are common.
Growth Factors:
- Increasing demand for SUVs and light trucks
- Rising disposable income of consumers in developing countries
- Proliferation of SUV models by automakers
- Technological advancements in tire manufacturing process
- Growing awareness about the benefits of using SUV tires
Scope Of The Report
Report Attributes
Report Details
Report Title
SUV Tire Market Research Report
By Type
All-season Tires, Three-season Tires, Single-season Tires
By Application
OEM, Aftermarket
By Companies
Michelin, Goodyear Tire and Rubber Company, Falken Tire, Continental, Hankook Tire, Pirelli, Bridgestone, Yokohama Rubber Company, Federal Tyres, Toyo Tires, Maxxis International, Nexen Tire, Sumitomo Rubber Industries, Zhongce Rubber, 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
138
Number of Tables & Figures
97
Customization Available
Yes, the report can be customized as per your need.
Global SUV Tire Market Report Segments:
The global SUV Tire market is segmented on the basis of:
Types
All-season Tires, Three-season Tires, Single-season Tires
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
- Goodyear Tire and Rubber Company
- Falken Tire
- Continental
- Hankook Tire
- Pirelli
- Bridgestone
- Yokohama Rubber Company
- Federal Tyres
- Toyo Tires
- Maxxis International
- Nexen Tire
- Sumitomo Rubber Industries
- Zhongce Rubber
- Giti Tire
Highlights of The SUV 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-season Tires
- Three-season Tires
- Single-season Tires
- 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 SUV 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
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?
SUV tire is a type of tire designed for use on large, four-wheel drive vehicles. They are typically wider than regular tires and have a higher profile to provide better traction in off-road conditions.
Some of the key players operating in the suv tire market are Michelin, Goodyear Tire and Rubber Company, Falken Tire, Continental, Hankook Tire, Pirelli, Bridgestone, Yokohama Rubber Company, Federal Tyres, Toyo Tires, Maxxis International, Nexen Tire, Sumitomo Rubber Industries, Zhongce Rubber, Giti Tire.
The suv 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 SUV 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 SUV Tire Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 SUV 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 SUV 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 SUV Tire Market Size & Forecast, 2020-2028
4.5.1 SUV Tire Market Size and Y-o-Y Growth
4.5.2 SUV Tire Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 All-season Tires
5.2.2 Three-season Tires
5.2.3 Single-season Tires
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 OEM
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global SUV 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 SUV 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 All-season Tires
9.6.2 Three-season Tires
9.6.3 Single-season Tires
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 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 All-season Tires
10.6.2 Three-season Tires
10.6.3 Single-season Tires
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 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 All-season Tires
11.6.2 Three-season Tires
11.6.3 Single-season Tires
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 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 All-season Tires
12.6.2 Three-season Tires
12.6.3 Single-season Tires
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 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 All-season Tires
13.6.2 Three-season Tires
13.6.3 Single-season Tires
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) 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 SUV Tire Market: Competitive Dashboard
14.2 Global SUV Tire Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Michelin
14.3.2 Goodyear Tire and Rubber Company
14.3.3 Falken Tire
14.3.4 Continental
14.3.5 Hankook Tire
14.3.6 Pirelli
14.3.7 Bridgestone
14.3.8 Yokohama Rubber Company
14.3.9 Federal Tyres
14.3.10 Toyo Tires
14.3.11 Maxxis International
14.3.12 Nexen Tire
14.3.13 Sumitomo Rubber Industries
14.3.14 Zhongce Rubber
14.3.15 Giti Tire
