Market Overview:
The global rubber tyre and tube market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The growth in the market can be attributed to factors such as, increase in demand for passenger cars, rise in disposable income of consumers, and technological advancements. Passenger car segment is expected to dominate the market with a share of more than 50% by 2030. Asia Pacific region is anticipated to witness highest growth rate during the forecast period owing to increase in demand from countries such as China and India.
Product Definition:
A rubber tyre (US English: tire) is a component of a wheel that covers the rim to protect it and enable better vehicle performance. A rubber tube (US English: inner tube) is a component of a pneumatic tyre that holds the air pressure.
Cover Tyre:
A cover tire is a spare wheel that is mounted on the rear of a vehicle. It can be used in place of the primary (front) tire when changing tires during road trips or for quick roadside repairs. The use of cover tires varies with respect to vehicle, load, and conditions; however, they are an integral part of every truck and trailer combination.
The global market size was valued at USD 28 billion in 2016.
Tyre Tube:
The Tyre Tube is a hollow, plastic-coated steel tube that is inserted into the rubber of a tire. It helps in increasing the air pressure inside the tire and provides stability to it. The increased air pressure acts as an energy storing medium when applied to the surface of a wheel and this results in providing better traction to tires on road surfaces.
Increasing demand for high performance tires with low rolling resistance has resulted in augmenting market growth over recent years.
Application Insights:
Passenger car application segment led the global market in 2017 and is projected to continue its dominance over the forecast period. The growing demand for passenger cars as a result of rising income levels coupled with easy access to loans is expected to be a key factor driving growth. In addition, increasing production capacities in China, Indonesia and Thailand owing to low cost foreign labor is anticipated to further boost industry expansion over the coming years.
Truck application segment accounted for more than 30% of total revenue share in 2017 due largely on high product demand from construction & mining applications across various regions including North America and Europe.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of major tire manufacturing companies such as Bridgestone, Firestone, Goodyear and Sumitomo in Asia Pacific coupled with growing automotive industry is anticipated to drive demand for rubber tubes in this region. In addition, increasing investments by manufacturers for capacity expansion are also likely to have a positive impact on market growth over the coming years.
Europe accounted for a significant share of revenue generated by the global market owing to high demand from passenger cars and commercial vehicles segments. Growing adoption of electric vehicles along with stringent emission norms implemented by governments across Europe countries such as Germany, France and Italy are projected to boost product demand further over the next eight years. North America held a substantial share due to high production volumes attained through outsourcing activities carried out within U.S., Mexico and Canada regions themselves coupled with strong brand identity associated with certain tire brands like Michelin or Bridgestone (Firestone).
Growth Factors:
- Increasing demand for automobiles – The global automobile industry is expected to grow at a CAGR of around 4% during the forecast period. This will lead to an increase in the demand for rubber tyres and tubes, thereby driving the market growth.
- Rising disposable income – A rise in disposable income leads to an increase in spending on luxury items such as cars, which in turn boosts the demand for rubber tyres and tubes.
- Technological advancements – The development of new technologies has led to the introduction of advanced products such as radial tyres, which are growing popular among consumers due to their superior performance and longer life span as compared to traditional bias ply tyres. This is likely to fuel market growth over the next few years.
- Stringent government regulations – Stringent government regulations mandating use of radial tyres instead of traditional bias ply tyres are providing a boost to market growth prospects globally . For instance, China has announced that all vehicles manufactured from 1 January 2020 onwards must be fitted with radial tires . 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Rubber Tyre and Tube Market Research Report
By Type
Cover Tyre, Tyre Tube
By Application
Passenger Car, Truck, Bus, Motorcycle, Other
By Companies
General Tyre and Rubber, Servis Tyre, The Goodyear Tyre & Rubber Company, Bridgestone Group, Pirelli Tyre S.P.A, CECO Tyres, Michelin, Yokohama Rubber, Panther Tyres, Crown Tyres, Ghauri Tyre & Tube, Continental Corporation, Sumitomo Rubber Industries
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Rubber Tyre and Tube Market Report Segments:
The global Rubber Tyre and Tube market is segmented on the basis of:
Types
Cover Tyre, Tyre Tube
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
Passenger Car, Truck, Bus, Motorcycle, 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:
- General Tyre and Rubber
- Servis Tyre
- The Goodyear Tyre & Rubber Company
- Bridgestone Group
- Pirelli Tyre S.P.A
- CECO Tyres
- Michelin
- Yokohama Rubber
- Panther Tyres
- Crown Tyres
- Ghauri Tyre & Tube
- Continental Corporation
- Sumitomo Rubber Industries
Highlights of The Rubber Tyre and Tube 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:
- Cover Tyre
- Tyre Tube
- By Application:
- Passenger Car
- Truck
- Bus
- Motorcycle
- 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 Rubber Tyre and Tube 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?
Rubber tyre and tube are two types of tyres. Rubber tyre is made from natural rubber, while tube tyre is made from a type of plastic.
Some of the key players operating in the rubber tyre and tube market are General Tyre and Rubber, Servis Tyre, The Goodyear Tyre & Rubber Company, Bridgestone Group, Pirelli Tyre S.P.A, CECO Tyres, Michelin, Yokohama Rubber, Panther Tyres, Crown Tyres, Ghauri Tyre & Tube, Continental Corporation, Sumitomo Rubber Industries.
The rubber tyre and tube 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. Rubber Tyre and Tube 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. Rubber Tyre and Tube Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Rubber Tyre and Tube Market - Supply Chain
4.5. Global Rubber Tyre and Tube Market Forecast
4.5.1. Rubber Tyre and Tube Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Rubber Tyre and Tube Market Size (000 Units) and Y-o-Y Growth
4.5.3. Rubber Tyre and Tube Market Absolute $ Opportunity
5. Global Rubber Tyre and Tube 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. Rubber Tyre and Tube Market Size and Volume Forecast by Type
5.3.1. Cover Tyre
5.3.2. Tyre Tube
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Rubber Tyre and Tube 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. Rubber Tyre and Tube Market Size and Volume Forecast by Application
6.3.1. Passenger Car
6.3.2. Truck
6.3.3. Bus
6.3.4. Motorcycle
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Rubber Tyre and Tube 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. Rubber Tyre and Tube 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 Rubber Tyre and Tube 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. Rubber Tyre and Tube 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 Rubber Tyre and Tube Demand Share Forecast, 2019-2026
9. North America Rubber Tyre and Tube 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 Rubber Tyre and Tube 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 Rubber Tyre and Tube Market Size and Volume Forecast by Application
9.4.1. Passenger Car
9.4.2. Truck
9.4.3. Bus
9.4.4. Motorcycle
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Rubber Tyre and Tube Market Size and Volume Forecast by Type
9.7.1. Cover Tyre
9.7.2. Tyre Tube
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 Rubber Tyre and Tube Demand Share Forecast, 2019-2026
10. Latin America Rubber Tyre and Tube 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 Rubber Tyre and Tube 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 Rubber Tyre and Tube Market Size and Volume Forecast by Application
10.4.1. Passenger Car
10.4.2. Truck
10.4.3. Bus
10.4.4. Motorcycle
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Rubber Tyre and Tube Market Size and Volume Forecast by Type
10.7.1. Cover Tyre
10.7.2. Tyre Tube
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 Rubber Tyre and Tube Demand Share Forecast, 2019-2026
11. Europe Rubber Tyre and Tube 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 Rubber Tyre and Tube 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 Rubber Tyre and Tube Market Size and Volume Forecast by Application
11.4.1. Passenger Car
11.4.2. Truck
11.4.3. Bus
11.4.4. Motorcycle
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Rubber Tyre and Tube Market Size and Volume Forecast by Type
11.7.1. Cover Tyre
11.7.2. Tyre Tube
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractivenes/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 Rubber Tyre and Tube Demand Share, 2019-2026
12. Asia Pacific Rubber Tyre and Tube 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 Rubber Tyre and Tube 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 Rubber Tyre and Tube Market Size and Volume Forecast by Application
12.4.1. Passenger Car
12.4.2. Truck
12.4.3. Bus
12.4.4. Motorcycle
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Rubber Tyre and Tube Market Size and Volume Forecast by Type
12.7.1. Cover Tyre
12.7.2. Tyre Tube
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 Rubber Tyre and Tube Demand Share, 2019-2026
13. Middle East & Africa Rubber Tyre and Tube 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 Rubber Tyre and Tube 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 Rubber Tyre and Tube Market Size and Volume Forecast by Application
13.4.1. Passenger Car
13.4.2. Truck
13.4.3. Bus
13.4.4. Motorcycle
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Rubber Tyre and Tube Market Size and Volume Forecast by Type
13.7.1. Cover Tyre
13.7.2. Tyre Tube
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 Rubber Tyre and Tube Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Rubber Tyre and Tube Market: Market Share Analysis
14.2. Rubber Tyre and Tube Distributors and Customers
14.3. Rubber Tyre and Tube Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. General Tyre and Rubber
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Servis Tyre
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. The Goodyear Tyre & Rubber Company
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Bridgestone Group
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 Tyre S.P.A
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. CECO Tyres
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Michelin
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Yokohama Rubber
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Panther Tyres
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Crown Tyres
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Ghauri Tyre & Tube
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Continental Corporation
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Sumitomo Rubber Industries
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
