The global tires market is expected to grow at a CAGR of 3.5% during the forecast period, to reach USD 98.2 billion by 2030. The growth in this market is driven by the increasing demand for passenger cars and trucks, which are major end-users of tires. The increase in the number of vehicles on roads has led to an increase in tire production and consumption, thereby driving the global tire market size.
Radial Tires: Radial tires are used on passenger cars and light trucks as they provide better handling than bias-ply tires do. They also offer better fuel efficiency than bias-ply tires do because they have a lower rolling resistance coefficient (CRR). Radial tires are also more durable than bias-ply ones because they have a higher load capacity and can withstand higher speeds without wearing out quickly or losing their shape due to centrifugal force acting on them while turning corners at high speeds.
Bias Tires: Bias-ply tyres are used on heavy trucks as well as buses because they offer better traction when driving off road or over rough terrain compared with radial tyres do; however, these types of tyres wear out faster than radial ones due to their construction that does not allow for even distribution of weight across all four contact patches when turning corners at high speeds or driving over rough terrain.
Some Of The Growth Factors Of This Market:
- Increasing demand for fuel-efficient vehicles.
- Increasing demand for SUVs and crossovers.
- Increasing number of cars on the road.
- Rising disposable income in emerging markets.
- Growing population.
Industry Growth Insights published a new data on “Tires Market”. The research report is titled “Tires Market research by Types (Radial Tires, Bias Tires), By Applications (Limousine, Truck, Motocycle, Airplane, Others), By Players/Companies Michelin, Bridgestone, Goodyear, Continental, Sumitomo Rubber Group, Pirelli, Yokohama Rubber, Hankook, Cooper, Kumho Tire, Toyo Tire &Rubber, Apollo Tyres, MRF, NOKIAN, Cheng Shin Tire, Hangzhou Zhongce Rubber, Triangle Tire, Linglong Tire, Aeolus Tire, Shanghai Huayi Group Corporation Limited (Originally Double Coin), Jiangsu General Science Technology Co, Ltd., Guizhou Tire, Qingdao Double Star, Xingyuan, Sailun Jinyu Group Co, Ltd, Giti Tire, Shengtai Group, Prinx Chengshan (Shandong) Tire Co, Ltd”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Tires Market Research Report
By Type
Radial Tires, Bias Tires
By Application
Limousine, Truck, Motocycle, Airplane, Others
By Companies
Michelin, Bridgestone, Goodyear, Continental, Sumitomo Rubber Group, Pirelli, Yokohama Rubber, Hankook, Cooper, Kumho Tire, Toyo Tire &Rubber, Apollo Tyres, MRF, NOKIAN, Cheng Shin Tire, Hangzhou Zhongce Rubber, Triangle Tire, Linglong Tire, Aeolus Tire, Shanghai Huayi Group Corporation Limited (Originally Double Coin), Jiangsu General Science Technology Co, Ltd., Guizhou Tire, Qingdao Double Star, Xingyuan, Sailun Jinyu Group Co, Ltd, Giti Tire, Shengtai Group, Prinx Chengshan (Shandong) Tire Co, Ltd
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 Tires Market Report Segments:
The global Tires market is segmented on the basis of:
Types
Radial Tires, Bias 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
Limousine, Truck, Motocycle, Airplane, Others
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
- Bridgestone
- Goodyear
- Continental
- Sumitomo Rubber Group
- Pirelli
- Yokohama Rubber
- Hankook
- Cooper
- Kumho Tire
- Toyo Tire &Rubber
- Apollo Tyres
- MRF
- NOKIAN
- Cheng Shin Tire
- Hangzhou Zhongce Rubber
- Triangle Tire
- Linglong Tire
- Aeolus Tire
- Shanghai Huayi Group Corporation Limited (Originally Double Coin)
- Jiangsu General Science Technology Co, Ltd.
- Guizhou Tire
- Qingdao Double Star
- Xingyuan
- Sailun Jinyu Group Co, Ltd
- Giti Tire
- Shengtai Group
- Prinx Chengshan (Shandong) Tire Co, Ltd
Highlights of The 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
- Bias Tires
- By Application:
- Limousine
- Truck
- Motocycle
- Airplane
- Others
- 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 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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- 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?
Tires are the rubber or plastic covering on a vehicle's wheels.
Some of the major companies in the tires market are Michelin, Bridgestone, Goodyear, Continental, Sumitomo Rubber Group, Pirelli, Yokohama Rubber, Hankook, Cooper, Kumho Tire, Toyo Tire &Rubber, Apollo Tyres, MRF, NOKIAN, Cheng Shin Tire, Hangzhou Zhongce Rubber, Triangle Tire, Linglong Tire, Aeolus Tire, Shanghai Huayi Group Corporation Limited (Originally Double Coin), Jiangsu General Science Technology Co, Ltd., Guizhou Tire, Qingdao Double Star, Xingyuan, Sailun Jinyu Group Co, Ltd, Giti Tire, Shengtai Group, Prinx Chengshan (Shandong) Tire Co, Ltd.
The tires market is expected to register a CAGR of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. 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. Tires Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Tires Market - Supply Chain
4.5. Global Tires Market Forecast
4.5.1. Tires Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Tires Market Size (000 Units) and Y-o-Y Growth
4.5.3. Tires Market Absolute $ Opportunity
5. Global 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. Tires Market Size and Volume Forecast by Type
5.3.1. Radial Tires
5.3.2. Bias Tires
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global 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. Tires Market Size and Volume Forecast by Application
6.3.1. Limousine
6.3.2. Truck
6.3.3. Motocycle
6.3.4. Airplane
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global 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. 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 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. 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 Tires Demand Share Forecast, 2019-2026
9. North America 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 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 Tires Market Size and Volume Forecast by Application
9.4.1. Limousine
9.4.2. Truck
9.4.3. Motocycle
9.4.4. Airplane
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Tires Market Size and Volume Forecast by Type
9.7.1. Radial Tires
9.7.2. Bias 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 Tires Demand Share Forecast, 2019-2026
10. Latin America 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 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 Tires Market Size and Volume Forecast by Application
10.4.1. Limousine
10.4.2. Truck
10.4.3. Motocycle
10.4.4. Airplane
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Tires Market Size and Volume Forecast by Type
10.7.1. Radial Tires
10.7.2. Bias 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 Tires Demand Share Forecast, 2019-2026
11. Europe 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 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 Tires Market Size and Volume Forecast by Application
11.4.1. Limousine
11.4.2. Truck
11.4.3. Motocycle
11.4.4. Airplane
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Tires Market Size and Volume Forecast by Type
11.7.1. Radial Tires
11.7.2. Bias 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 Tires Demand Share, 2019-2026
12. Asia Pacific 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 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 Tires Market Size and Volume Forecast by Application
12.4.1. Limousine
12.4.2. Truck
12.4.3. Motocycle
12.4.4. Airplane
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Tires Market Size and Volume Forecast by Type
12.7.1. Radial Tires
12.7.2. Bias 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 Tires Demand Share, 2019-2026
13. Middle East & Africa 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 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 Tires Market Size and Volume Forecast by Application
13.4.1. Limousine
13.4.2. Truck
13.4.3. Motocycle
13.4.4. Airplane
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Tires Market Size and Volume Forecast by Type
13.7.1. Radial Tires
13.7.2. Bias 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 Tires Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Tires Market: Market Share Analysis
14.2. Tires Distributors and Customers
14.3. 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. Bridgestone
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Goodyear
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Continental
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sumitomo Rubber Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Pirelli
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Yokohama Rubber
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hankook
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Cooper
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
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Toyo Tire &Rubber
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Apollo Tyres
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. MRF
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. NOKIAN
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Cheng Shin Tire
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Hangzhou Zhongce Rubber
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Triangle Tire
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Linglong Tire
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Aeolus Tire
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Shanghai Huayi Group Corporation Limited (Originally Double Coin)
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
