Market Overview:
The global pneumatic tires 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 pneumatic tires from various applications such as passenger cars, commercial vehicles, motorcycles, bicycles and aircraft. Additionally, the growing demand for radial tires over cross-ply tires is also contributing to the growth of this market. Regionally, North America dominates the global pneumatic tire market followed by Europe and Asia Pacific. The high adoption rate of radial tires in North America is a major factor driving its growth in this region.
Product Definition:
A pneumatic tire is a type of tire that contains air inside it, as opposed to being filled with a solid substance such as rubber. Pneumatic tires are used on many types of vehicles, including cars, trucks, bicycles, and motorcycles.
Radial Tires:
Radial tires are used in the automotive industry and are also known as rotary tires. They have a ribbed pattern around the tire which provides better grip to vehicle on uneven surfaces. The radial tire is designed in such a way that it has more rubber than its counterpart, thus providing better grip and handling characteristics.
Cross-ply Tires:
Cross-ply tires are a type of tire which consists of two ply sheets of polyester or other synthetic resins pressed together. The material used in manufacturing the cross-ply tire is usually vulcanized, but it can be rubber as well. It reduces rolling resistance and increases fuel efficiency by reducing the heat build up in the tread area, hence increasing traction during driving.
Application Insights:
The bicycle segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growing cycling culture across the globe is expected to be a major factor driving pneumatic tires demand for bicycles over the next seven years. Increasing urbanization has led to an increase in bicycle sales, which in turn will boost industry growth during this period.
Pneumatic tires are also used on heavy-duty commercial vehicles such as trucks, buses and coaches for improved ride quality and traction performance on smooth surfaces such as glass fiber reinforced plastic (GFRP) & polyester composites. These products provide better grip even when wet owing to their cross-ply construction, which enhances tire safety by reducing sidewall flexing under load conditions thereby providing longer tread life span compared with conventional solid rubber tires.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid urbanization, which has resulted in an increasing number of vehicles on roadways. This scenario is anticipated to drive the demand for pneumatic tires across Asia Pacific over the forecast period.
The growing manufacturing sector, coupled with rising investments by multinational companies in China and India, is likely to boost product demand across these countries. Furthermore, favorable government policies aimed at promoting electric vehicles are also expected to have a positive impact on industry growth over the coming years.
Growth Factors:
- Increasing demand for automobiles: The increasing demand for automobiles is one of the key growth drivers for the pneumatic tires market. The growing population and rising income levels in developing countries are leading to an increase in the demand for automobiles, which, in turn, is fueling the growth of the pneumatic tires market.
- Technological advancements: The development of new technologies such as run-flat tires and self-inflating tires is aiding the growth of the pneumatic tires market. These technologies are helping to improve safety and performance while driving, which is resulting in an increase in their adoption by consumers.
- Stringent government regulations: Stringent government regulations mandating use of radial tyres instead of bias ply tyres are aiding the growth ofthe radial tyre segment withinthe globalpneumatic tyresmarket .Thisis because radial tyres offer better fuel efficiency and a longer life than bias ply tyres do.
Scope Of The Report
Report Attributes
Report Details
Report Title
Pneumatic Tires Market Research Report
By Type
Radial Tires, Cross-ply Tires
By Application
Bicycle, Motorcycle, Passenger Cars, Commercial Vehicles (Trucks, Buses), AircraftÂ
By Companies
Michelin, Continental AG, Bridgestone Corporation, Cooper Tire & Rubber Company, The Goodyear Tire and Rubber Company, Hankook Tire Co. Ltd., The Yokohama Rubber Co. Ltd., Sumitomo Rubber Industries Ltd., Pirelli & C.S.p.A, Kumho Tire Co., Inc.
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Pneumatic Tires Market Report Segments:
The global Pneumatic Tires market is segmented on the basis of:
Types
Radial Tires, Cross-ply 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
Bicycle, Motorcycle, Passenger Cars, Commercial Vehicles (Trucks, Buses), AircraftÂ
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
- Continental AG
- Bridgestone Corporation
- Cooper Tire & Rubber Company
- The Goodyear Tire and Rubber Company
- Hankook Tire Co. Ltd.
- The Yokohama Rubber Co. Ltd.
- Sumitomo Rubber Industries Ltd.
- Pirelli & C.S.p.A
- Kumho Tire Co., Inc.
Highlights of The Pneumatic 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:
- Radial Tires
- Cross-ply Tires
- By Application:
- Bicycle
- Motorcycle
- Passenger Cars
- Commercial Vehicles (Trucks, Buses)
- AircraftÂ
- 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 Pneumatic 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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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?
Pneumatic tires are a type of tire that uses compressed air to provide traction.
Some of the key players operating in the pneumatic tires market are Michelin, Continental AG, Bridgestone Corporation, Cooper Tire & Rubber Company, The Goodyear Tire and Rubber Company, Hankook Tire Co. Ltd., The Yokohama Rubber Co. Ltd., Sumitomo Rubber Industries Ltd., Pirelli & C.S.p.A, Kumho Tire Co., Inc..
The pneumatic tires market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Pneumatic Tires Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Pneumatic Tires Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Pneumatic Tires Market - Supply Chain
4.5. Global Pneumatic Tires Market Forecast
4.5.1. Pneumatic Tires Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Pneumatic Tires Market Size (000 Units) and Y-o-Y Growth
4.5.3. Pneumatic Tires Market Absolute $ Opportunity
5. Global Pneumatic Tires Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Pneumatic Tires Market Size and Volume Forecast by Type
5.3.1. Radial Tires
5.3.2. Cross-ply Tires
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Pneumatic Tires Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Pneumatic Tires Market Size and Volume Forecast by Application
6.3.1. Bicycle
6.3.2. Motorcycle
6.3.3. Passenger Cars
6.3.4. Commercial Vehicles (Trucks, Buses)
6.3.5. Aircraft
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Pneumatic Tires Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Pneumatic Tires Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Pneumatic Tires Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Pneumatic Tires Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Pneumatic Tires Demand Share Forecast, 2019-2026
9. North America Pneumatic Tires Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Pneumatic Tires Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Pneumatic Tires Market Size and Volume Forecast by Application
9.4.1. Bicycle
9.4.2. Motorcycle
9.4.3. Passenger Cars
9.4.4. Commercial Vehicles (Trucks, Buses)
9.4.5. Aircraft
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Pneumatic Tires Market Size and Volume Forecast by Type
9.7.1. Radial Tires
9.7.2. Cross-ply Tires
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Pneumatic Tires Demand Share Forecast, 2019-2026
10. Latin America Pneumatic Tires Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Pneumatic Tires Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Pneumatic Tires Market Size and Volume Forecast by Application
10.4.1. Bicycle
10.4.2. Motorcycle
10.4.3. Passenger Cars
10.4.4. Commercial Vehicles (Trucks, Buses)
10.4.5. Aircraft
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Pneumatic Tires Market Size and Volume Forecast by Type
10.7.1. Radial Tires
10.7.2. Cross-ply Tires
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Pneumatic Tires Demand Share Forecast, 2019-2026
11. Europe Pneumatic Tires Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Pneumatic Tires Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Pneumatic Tires Market Size and Volume Forecast by Application
11.4.1. Bicycle
11.4.2. Motorcycle
11.4.3. Passenger Cars
11.4.4. Commercial Vehicles (Trucks, Buses)
11.4.5. Aircraft
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Pneumatic Tires Market Size and Volume Forecast by Type
11.7.1. Radial Tires
11.7.2. Cross-ply Tires
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Pneumatic Tires Demand Share, 2019-2026
12. Asia Pacific Pneumatic Tires Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Pneumatic Tires Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Pneumatic Tires Market Size and Volume Forecast by Application
12.4.1. Bicycle
12.4.2. Motorcycle
12.4.3. Passenger Cars
12.4.4. Commercial Vehicles (Trucks, Buses)
12.4.5. Aircraft
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Pneumatic Tires Market Size and Volume Forecast by Type
12.7.1. Radial Tires
12.7.2. Cross-ply Tires
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Pneumatic Tires Demand Share, 2019-2026
13. Middle East & Africa Pneumatic Tires Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Pneumatic Tires Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Pneumatic Tires Market Size and Volume Forecast by Application
13.4.1. Bicycle
13.4.2. Motorcycle
13.4.3. Passenger Cars
13.4.4. Commercial Vehicles (Trucks, Buses)
13.4.5. Aircraft
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Pneumatic Tires Market Size and Volume Forecast by Type
13.7.1. Radial Tires
13.7.2. Cross-ply Tires
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Pneumatic Tires Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Pneumatic Tires Market: Market Share Analysis
14.2. Pneumatic Tires Distributors and Customers
14.3. Pneumatic Tires Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Michelin
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Continental AG
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bridgestone Corporation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Cooper Tire & Rubber Company
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. The Goodyear Tire and Rubber Company
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hankook Tire Co. Ltd.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. The Yokohama Rubber Co. Ltd.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Sumitomo Rubber Industries Ltd.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Pirelli & C.S.p.A
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Kumho Tire Co., Inc.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
