Market Overview:
The global SUV/light truck 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% during the forecast period. The market growth can be attributed to the increasing demand for SUVs and light trucks across the globe. Additionally, the growing trend of off-roading is also expected to fuel the demand for SUV/light truck tires in the coming years. On basis of type, OEM tires are expected to account for a larger share of the global SUV/light truck tire market during 2018-2030. This can be attributed to their high quality and durability as compared to replacement tires. Replacement tires are projected register a higher CAGR as compared OEM tires during 2018-2030 owing their lower prices and easy availability across regions. SUV segment is anticipated witness highest growth rate over forecast period followed by light truck segment owing rising popularity these vehicles among consumers across globe ., Continental AG, Pirelli & C SpA.
Product Definition:
SUV/Light Truck Tire is a type of tire that is specifically designed for use on SUVs and light trucks. These tires are typically larger and have a higher load capacity than passenger car tires, making them better suited for vehicles that often carry heavier loads. SUV/light truck tires also offer greater durability and traction than passenger car tires, making them ideal for off-road driving.
OEM Tire:
OEM tire is a type of tire that is manufactured specifically to fit into the same wheel/tire assembly as the original equipment tires. The term OEM usually refers to passenger car or light truck tires, but it also includes some high-performance off-road vehicle tires such as ATVs and UTVs. OEM Tires are generally made by major tire manufacturers such as Goodyear, Michelin, Pirelli & C.T., and Sumitomo Rubber Industries Co.
Replacement Tire:
The replacement tire is a spare tire that is used in case of a puncture, flat or any other mechanical breakdown. The demand for the replacement tires has been increasing owing to the technological advancements and growing awareness among consumers regarding safety and security. Moreover, stringent government regulations pertaining to road safety are expected to fuel market growth over the forecast period.
The global SUV/Light truck Tire market size was valued at USD 55,852 million in 2016.
Application Insights:
The SUV segment led the global market and accounted for more than 44.0% share of the overall revenue in 2017. The growth of this segment can be attributed to increasing demand for sport utility vehicles from developing countries such as China, India and Brazil. Furthermore, stringent government regulations regarding road safety are promoting the adoption of SUVs over light trucks in developed countries such as Germany, France and U.K., which is further driving the product demand globally.
The light truck application segment is expected to witness significant growth over the forecast period owing to increased production capacities in China, Mexico and U.S., among others due to low cost labor rates that are attracting automotive OEMs towards producing cars here instead of importing them from other regions where costs may be higher due to high import duties levied by various governments on foreign vehicles sold locally (a practice known as ¢â‚¬Å“Buy American Hire American¢â‚¬).
Regional Analysis:
The North American region dominated the global market in terms of revenue share in 2017. The growth can be attributed to the increasing demand for vehicles with enhanced safety features and high ride quality. Moreover, rising consumer disposable income levels are expected to drive product sales over the forecast period.
The Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to rapid urbanization and industrialization across countries such as China, India, Indonesia, Malaysia and Thailand among others. In addition, favorable government policies aimed at promoting vehicle production are projected to fuel industry expansion over the coming years.
Europe accounted for a major share of global revenue in 2017 due to stringent regulations by regulatory bodies such as ETRD (European Tyre Pressure Distribution) regarding tire pressure monitoring system installation on new vehicles since 2012 model year cars.
Growth Factors:
- Increasing demand for SUVs and light trucks in developing countries
- Rising disposable income of consumers in these regions
- Proliferation of online retail channels that offer discounts on tires
- Introduction of new, innovative products by tire manufacturers
- Growing awareness about the importance of vehicle safety and maintenance
Scope Of The Report
Report Attributes
Report Details
Report Title
SUV/Light Truck Tire Market Research Report
By Type
OEM Tire, Replacement Tire
By Application
SUV, Light Truck, Other
By Companies
Bridgestone, MICHELIN, Goodyear, Continental, ZC Rubber, Sumitomo Rubber, Double Coin, Pirelli, Aeolus Tyre, Sailun jinyu Group, Bridgestone, Hankook, YOKOHAMA, Giti Tire, KUMHO TIRE, Triangle Tire Group, Cheng Shin Rubber, Linglong Tire, Toyo Tires, Xingyuan 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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global SUV/Light Truck Tire Market Report Segments:
The global SUV/Light Truck Tire market is segmented on the basis of:
Types
OEM Tire, Replacement 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
SUV, Light Truck, Other
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
- MICHELIN
- Goodyear
- Continental
- ZC Rubber
- Sumitomo Rubber
- Double Coin
- Pirelli
- Aeolus Tyre
- Sailun jinyu Group
- Bridgestone
- Hankook
- YOKOHAMA
- Giti Tire
- KUMHO TIRE
- Triangle Tire Group
- Cheng Shin Rubber
- Linglong Tire
- Toyo Tires
- Xingyuan group
Highlights of The SUV/Light Truck 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:
- OEM Tire
- Replacement Tire
- By Application:
- SUV
- Light Truck
- Other
- 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/Light Truck 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
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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?
SUV/light truck tires are designed to provide a smooth and comfortable ride on the road. They are also designed to handle heavy loads, making them perfect for use in trucks and SUVs.
Some of the major companies in the suv/light truck tire market are Bridgestone, MICHELIN, Goodyear, Continental, ZC Rubber, Sumitomo Rubber, Double Coin, Pirelli, Aeolus Tyre, Sailun jinyu Group, Bridgestone, Hankook, YOKOHAMA, Giti Tire, KUMHO TIRE, Triangle Tire Group, Cheng Shin Rubber, Linglong Tire, Toyo Tires, Xingyuan group.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 SUV/Light Truck 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/Light Truck Tire Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 SUV/Light Truck 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/Light Truck 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/Light Truck Tire Market Size & Forecast, 2018-2028
4.5.1 SUV/Light Truck Tire Market Size and Y-o-Y Growth
4.5.2 SUV/Light Truck Tire Market Absolute $ Opportunity
Chapter 5 Global SUV/Light Truck 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 SUV/Light Truck Tire Market Size Forecast by Type
5.2.1 OEM Tire
5.2.2 Replacement Tire
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global SUV/Light Truck 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 SUV/Light Truck Tire Market Size Forecast by Applications
6.2.1 SUV
6.2.2 Light Truck
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global SUV/Light Truck 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/Light Truck 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 SUV/Light Truck Tire Analysis and Forecast
9.1 Introduction
9.2 North America SUV/Light Truck 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 SUV/Light Truck Tire Market Size Forecast by Type
9.6.1 OEM Tire
9.6.2 Replacement 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 SUV/Light Truck Tire Market Size Forecast by Applications
9.10.1 SUV
9.10.2 Light Truck
9.10.3 Other
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 SUV/Light Truck Tire Analysis and Forecast
10.1 Introduction
10.2 Europe SUV/Light Truck 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 SUV/Light Truck Tire Market Size Forecast by Type
10.6.1 OEM Tire
10.6.2 Replacement 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 SUV/Light Truck Tire Market Size Forecast by Applications
10.10.1 SUV
10.10.2 Light Truck
10.10.3 Other
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 SUV/Light Truck Tire Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific SUV/Light Truck 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 SUV/Light Truck Tire Market Size Forecast by Type
11.6.1 OEM Tire
11.6.2 Replacement 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 SUV/Light Truck Tire Market Size Forecast by Applications
11.10.1 SUV
11.10.2 Light Truck
11.10.3 Other
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 SUV/Light Truck Tire Analysis and Forecast
12.1 Introduction
12.2 Latin America SUV/Light Truck 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 SUV/Light Truck Tire Market Size Forecast by Type
12.6.1 OEM Tire
12.6.2 Replacement 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 SUV/Light Truck Tire Market Size Forecast by Applications
12.10.1 SUV
12.10.2 Light Truck
12.10.3 Other
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) SUV/Light Truck Tire Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) SUV/Light Truck 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) SUV/Light Truck Tire Market Size Forecast by Type
13.6.1 OEM Tire
13.6.2 Replacement 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) SUV/Light Truck Tire Market Size Forecast by Applications
13.10.1 SUV
13.10.2 Light Truck
13.10.3 Other
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/Light Truck Tire Market: Competitive Dashboard
14.2 Global SUV/Light Truck Tire 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 ZC Rubber
14.3.6 Sumitomo Rubber
14.3.7 Double Coin
14.3.8 Pirelli
14.3.9 Aeolus Tyre
14.3.10 Sailun jinyu Group
14.3.11 Bridgestone
14.3.12 Hankook
14.3.13 YOKOHAMA
14.3.14 Giti Tire
14.3.15 KUMHO TIRE
14.3.16 Triangle Tire Group
14.3.17 Cheng Shin Rubber
14.3.18 Linglong Tire
14.3.19 Toyo Tires
14.3.20 Xingyuan group
