Market Overview:
The global racing 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 high-performance tires in the automotive industry. Racing slick tires are used in sports such as Formula One, IndyCar, and NASCAR, while racing treaded tires are used in sports such as rallycross and touring car racing. Replacement tires account for a major share of the global racing tires market, followed by OEMs. North America is expected to lead the global racing tires market during the forecast period owing to rising demand for high-performance cars and growing popularity of motorsports events in this region.
Product Definition:
A racing tire is a type of automobile tire that is designed for use in auto racing. Racing tires are typically made from softer rubber compounds than standard tires, which allows them to provide better traction and handling on the track.
Racing Slick Tires:
Racing slick tires are a special type of tire that is used in motorsports events. They have a tread pattern that is designed to provide maximum grip while cornering at high speeds. The rubber compound used in these tires is formulated to deliver optimum traction and heat resistance during competition as well as training.
Racing Treaded Tires:
Racing treaded tires are used in motorsports to increase the grip of vehicles. The use of these tires is predominant in racing events, where high performance and safety are essential. These types of tires have a pattern that is designed for maximum surface contact, which helps them to provide better traction on the road as well as off-road surfaces such as gravel and dirt roads.
Application Insights:
The OEMs segment led the global racing tires market in 2017 and is projected to expand at a steady CAGR from 2018 to 2030. The dominance of this segment can be attributed to the high production volumes of passenger cars in developed economies such as U.S., Germany, Japan and France. These countries are also among the largest markets for new car buyers, which further propels demand for high performance tires that provide enhanced grip on road surfaces.
The replacement tires segment is expected register a significant growth rate over the forecast period owing to an increase in consumer disposable income levels coupled with rising per capita automotive ownership rates across developing regions including China, India and Brazil. Furthermore, growing popularity for sports car racing has increased sales of specialty tire models designed primarily for track use by professional drivers only (OEM).
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 increasing demand for high performance tires from countries such as China, Japan, and India. This is attributed to rising popularity of automobile racing as a sport in these countries. Furthermore, growing number of manufacturers in this region coupled with increased competition on account of presence of big players such as Bridgestone Corporation; Michelin Group; Yokohama Rubber Co., Ltd.; and Dunlop Limited will support growth over the next eight years.
Europe was estimated to be second-largest regional market in 2017 owing to presence of major tire manufacturing companies including Goodyear Tire & Rubber Company; Bridgestone Europe Ltd.; Michelin Europe S.A.; Pirelli & C. S.pA.
Growth Factors:
- Increasing demand for high-performance tires in the automotive sector
- Rising popularity of racing events and races across the globe
- Technological advancements in tire manufacturing process and products
- Growing number of motorsport enthusiasts and fans globally
- Increasing investments by tire manufacturers in research and development
Scope Of The Report
Report Attributes
Report Details
Report Title
Racing Tires Market Research Report
By Type
Racing Slick Tires, Racing Treaded Tires
By Application
Replacement Tires, OEMs
By Companies
Bridgestone Corporation (Japan), Compagnie Gnrale des tablissements Michelin SCA (France), Continental AG (Germany), Goodyear Tire and Rubber Co. (U.S.), Pirelli & C. SpA (Italy), Alliance Tire Group (Israel), Apollo Tires Ltd. (India), Cooper Tire and Rubber Co.(U.S), Hangzhou Zhongce Rubber Co. Ltd (China), Hankook Tire Co (South Korea)
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Racing Tires Market Report Segments:
The global Racing Tires market is segmented on the basis of:
Types
Racing Slick Tires, Racing Treaded 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
Replacement Tires, OEMs
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 Corporation (Japan)
- Compagnie Gnrale des tablissements Michelin SCA (France)
- Continental AG (Germany)
- Goodyear Tire and Rubber Co. (U.S.)
- Pirelli & C. SpA (Italy)
- Alliance Tire Group (Israel)
- Apollo Tires Ltd. (India)
- Cooper Tire and Rubber Co.(U.S)
- Hangzhou Zhongce Rubber Co. Ltd (China)
- Hankook Tire Co (South Korea)
Highlights of The Racing 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:
- Racing Slick Tires
- Racing Treaded Tires
- By Application:
- Replacement Tires
- OEMs
- 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 Racing 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?
Racing tires are designed for high-performance driving. They are made of a harder rubber than regular tires, and they have smaller treads that allow them to grip the road better. Racing tires also have a higher inflation pressure than regular tires, which gives you more power when you drive.
Some of the key players operating in the racing tires market are Bridgestone Corporation (Japan), Compagnie Gnrale des tablissements Michelin SCA (France), Continental AG (Germany), Goodyear Tire and Rubber Co. (U.S.), Pirelli & C. SpA (Italy), Alliance Tire Group (Israel), Apollo Tires Ltd. (India), Cooper Tire and Rubber Co.(U.S), Hangzhou Zhongce Rubber Co. Ltd (China), Hankook Tire Co (South Korea).
The racing tires market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Racing 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. Racing Tires Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Racing Tires Market - Supply Chain
4.5. Global Racing Tires Market Forecast
4.5.1. Racing Tires Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Racing Tires Market Size (000 Units) and Y-o-Y Growth
4.5.3. Racing Tires Market Absolute $ Opportunity
5. Global Racing 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. Racing Tires Market Size and Volume Forecast by Type
5.3.1. Racing Slick Tires
5.3.2. Racing Treaded Tires
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Racing 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. Racing Tires Market Size and Volume Forecast by Application
6.3.1. Replacement Tires
6.3.2. OEMs
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Racing 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. Racing 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 Racing 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. Racing 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 Racing Tires Demand Share Forecast, 2019-2026
9. North America Racing 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 Racing 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 Racing Tires Market Size and Volume Forecast by Application
9.4.1. Replacement Tires
9.4.2. OEMs
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Racing Tires Market Size and Volume Forecast by Type
9.7.1. Racing Slick Tires
9.7.2. Racing Treaded 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 Racing Tires Demand Share Forecast, 2019-2026
10. Latin America Racing 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 Racing 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 Racing Tires Market Size and Volume Forecast by Application
10.4.1. Replacement Tires
10.4.2. OEMs
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Racing Tires Market Size and Volume Forecast by Type
10.7.1. Racing Slick Tires
10.7.2. Racing Treaded 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 Racing Tires Demand Share Forecast, 2019-2026
11. Europe Racing 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 Racing 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 Racing Tires Market Size and Volume Forecast by Application
11.4.1. Replacement Tires
11.4.2. OEMs
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Racing Tires Market Size and Volume Forecast by Type
11.7.1. Racing Slick Tires
11.7.2. Racing Treaded 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 Racing Tires Demand Share, 2019-2026
12. Asia Pacific Racing 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 Racing 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 Racing Tires Market Size and Volume Forecast by Application
12.4.1. Replacement Tires
12.4.2. OEMs
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Racing Tires Market Size and Volume Forecast by Type
12.7.1. Racing Slick Tires
12.7.2. Racing Treaded 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 Racing Tires Demand Share, 2019-2026
13. Middle East & Africa Racing 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 Racing 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 Racing Tires Market Size and Volume Forecast by Application
13.4.1. Replacement Tires
13.4.2. OEMs
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Racing Tires Market Size and Volume Forecast by Type
13.7.1. Racing Slick Tires
13.7.2. Racing Treaded 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 Racing Tires Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Racing Tires Market: Market Share Analysis
14.2. Racing Tires Distributors and Customers
14.3. Racing Tires Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Bridgestone Corporation (Japan)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Compagnie Gnrale des tablissements Michelin SCA (France)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Continental AG (Germany)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Goodyear Tire and Rubber Co. (U.S.)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Pirelli & C. SpA (Italy)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Alliance Tire Group (Israel)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Apollo Tires Ltd. (India)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Cooper Tire and Rubber Co.(U.S)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hangzhou Zhongce Rubber Co. Ltd (China)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hankook Tire Co (South Korea)
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
