Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Winter Tire Market by Type (Studded, Studless), By Application (Passenger Tires, Light Truck/SUV Tires, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Winter Tire Market by Type (Studded, Studless), By Application (Passenger Tires, Light Truck/SUV Tires, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 140018 3300 Automobile & Transportation 377 233 Pages 4.9 (37)
                                          

Market Overview:


The global winter tire market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for winter tires from the passenger car and light truck/SUV segments, owing to the increase in incidences of extreme weather conditions across different regions. In addition, the increasing demand for winter tires from emerging economies such as China and India is also contributing to the growth of this market. On the basis of type, studded tires are expected to account for a larger share of this market than studless tires during the forecast period. This can be attributed to their superior traction performance on icy and snowy roads as compared with studless tires. However, due to environmental concerns regarding noise pollution caused by studded tires, their popularity is declining in developed countries such as Europe and North America; consequently, their share in these regions is expected to decline over the forecast period.


Global Winter Tire Industry Outlook


Product Definition:


A winter tire is a type of tire that is designed for use in colder environments, where the roads are typically icy, snowy, or wet. Winter tires are made with a tread design that helps to grip the road surface better than other types of tires, which can help to improve safety and performance in winter conditions.


Studded:


Studded winter tires are a combination of run-flat tire and studs. They have steel or alloy rims, which are punctured with holes to allow air inside the tire to expand, thereby providing better braking action. The addition of studded tires has been made mandatory by the European Union for all vehicles manufactured from 1st January 2012 onwards.


Studless:


A studless tire is a type of tire which does not have metal reinforcement rods or nails in it. The absence of these aids in the smooth rolling and hence increases the safety aspect. These tires are designed to provide better grip to vehicles on ice, snow and slush as they provide better traction than traditional tires.


The global market for studless winter tires is still at a nascent stage with major players such as Michelin, Bridgestone Corp.


Application Insights:


Passenger tires dominated the overall market in 2017, accounting for over 60.0% share of the global volume. The segment is projected to witness significant growth during the forecast period on account of increasing disposable income and population in major economies such as India, China, Brazil and so on. Moreover, growing demand for low-cost air travel owing to increased disposable income will further boost industry growth during the forecast period.


The light truck/SUV tire segment is estimated to expand at a CAGR of XX% from 2018 to 2030 owing to rising demand for vehicles with superior performance in snow and ice conditions along with enhanced safety features required by end-users such as family members or friends visiting them from another city or country at their homes etcetera (i).


Regional Analysis:


Asia Pacific dominated the global winter tire market in 2017 and is expected to continue its dominance over the forecast period. The presence of major players such as Bridgestone, Michelin, Goodyear and Yokohama is one of the primary reasons for regional growth. Moreover, increasing demand for four-wheeler vehicles in countries such as India and China are driving regional growth.


Europe was estimated to be the second largest region followed by North America owing to increased consumer preference towards winter tires over other seasons. In addition, stringent regulations laid down by regulatory bodies such as ETRTO regarding proper installation of tires on different vehicles are further propelling market growth across regions. For instance; studded tires should not be used on a vehicle that travels above 200 kmph or less than 50 kmph at night time or during poor weather conditions etc., This ensures maximum safety for drivers and passengers from harsh climatic conditions associated with winters across various regions around the world.


Growth Factors:


  • Increasing demand for winter tires from the automotive sector as a result of increasing awareness about the benefits of using winter tires over all-season tires.
  • Rising demand for luxury cars and SUVs, which are typically equipped with winter tires as standard equipment.
  • Growing popularity of winter tire festivals and events that promote the use of winter tires among consumers in North America and Europe.
  • Proliferation of online retail channels for selling winter tires, which is making it easier for consumers to find and purchase them at competitive prices.

Scope Of The Report

Report Attributes

Report Details

Report Title

Winter Tire Market Research Report

By Type

Studded, Studless

By Application

Passenger Tires, Light Truck/SUV Tires, Other

By Companies

Bridgestone, Michelin, Continental, Goodyear, Nokian Tyres, Hankook, Nizhnekamskshina, Pirelli, Cooper Tire, Yokohama, Toyo Tire, Kumho Tire, JSC Cordiant, Zhongce, GITI Tire, Triangle, Apollo, Cheng Shin, Nexen Tire

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

233

Number of Tables & Figures

164

Customization Available

Yes, the report can be customized as per your need.


Global Winter Tire Market Report Segments:

The global Winter Tire market is segmented on the basis of:

Types

Studded, Studless

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 Tires, Light Truck/SUV Tires, 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:

  1. Bridgestone
  2. Michelin
  3. Continental
  4. Goodyear
  5. Nokian Tyres
  6. Hankook
  7. Nizhnekamskshina
  8. Pirelli
  9. Cooper Tire
  10. Yokohama
  11. Toyo Tire
  12. Kumho Tire
  13. JSC Cordiant
  14. Zhongce
  15. GITI Tire
  16. Triangle
  17. Apollo
  18. Cheng Shin
  19. Nexen Tire

Global Winter Tire Market Overview


Highlights of The Winter Tire Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Studded
    2. Studless
  1. By Application:

    1. Passenger Tires
    2. Light Truck/SUV Tires
    3. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Winter 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
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Winter Tire Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Winter tires are specially designed tires that are specifically made to be used in cold weather conditions. Winter tires provide better traction and handling in icy and snowy conditions than regular passenger car tires.

Some of the key players operating in the winter tire market are Bridgestone, Michelin, Continental, Goodyear, Nokian Tyres, Hankook, Nizhnekamskshina, Pirelli, Cooper Tire, Yokohama, Toyo Tire, Kumho Tire, JSC Cordiant, Zhongce, GITI Tire, Triangle, Apollo, Cheng Shin, Nexen Tire.

The winter tire market is expected to register a CAGR of 5.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Winter Tire 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. Winter Tire Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Winter Tire Market - Supply Chain
   4.5. Global Winter Tire Market Forecast
      4.5.1. Winter Tire Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Winter Tire Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Winter Tire Market Absolute $ Opportunity

5. Global Winter Tire 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. Winter Tire Market Size and Volume Forecast by Type
      5.3.1. Studded
      5.3.2. Studless
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Winter Tire 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. Winter Tire Market Size and Volume Forecast by Application
      6.3.1. Passenger Tires
      6.3.2. Light Truck/SUV Tires
      6.3.3. Other
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Winter Tire 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. Winter Tire 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 Winter Tire 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. Winter Tire 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 Winter Tire Demand Share Forecast, 2019-2026

9. North America Winter Tire 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 Winter Tire 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 Winter Tire Market Size and Volume Forecast by Application
      9.4.1. Passenger Tires
      9.4.2. Light Truck/SUV Tires
      9.4.3. Other
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Winter Tire Market Size and Volume Forecast by Type
      9.7.1. Studded
      9.7.2. Studless
   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 Winter Tire Demand Share Forecast, 2019-2026

10. Latin America Winter Tire 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 Winter Tire 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 Winter Tire Market Size and Volume Forecast by Application
      10.4.1. Passenger Tires
      10.4.2. Light Truck/SUV Tires
      10.4.3. Other
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Winter Tire Market Size and Volume Forecast by Type
      10.7.1. Studded
      10.7.2. Studless
   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 Winter Tire Demand Share Forecast, 2019-2026

11. Europe Winter Tire 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 Winter Tire 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 Winter Tire Market Size and Volume Forecast by Application
      11.4.1. Passenger Tires
      11.4.2. Light Truck/SUV Tires
      11.4.3. Other
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Winter Tire Market Size and Volume Forecast by Type
      11.7.1. Studded
      11.7.2. Studless
   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 Winter Tire Demand Share, 2019-2026

12. Asia Pacific Winter Tire 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 Winter Tire 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 Winter Tire Market Size and Volume Forecast by Application
      12.4.1. Passenger Tires
      12.4.2. Light Truck/SUV Tires
      12.4.3. Other
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Winter Tire Market Size and Volume Forecast by Type
      12.7.1. Studded
      12.7.2. Studless
   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 Winter Tire Demand Share, 2019-2026

13. Middle East & Africa Winter Tire 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 Winter Tire 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 Winter Tire Market Size and Volume Forecast by Application
      13.4.1. Passenger Tires
      13.4.2. Light Truck/SUV Tires
      13.4.3. Other
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Winter Tire Market Size and Volume Forecast by Type
      13.7.1. Studded
      13.7.2. Studless
   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 Winter Tire Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Winter Tire Market: Market Share Analysis
   14.2. Winter Tire Distributors and Customers
   14.3. Winter Tire Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Bridgestone
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. Michelin
         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
         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
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. Nokian Tyres
         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
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. Nizhnekamskshina
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. Pirelli
         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 Tire
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. Yokohama
         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
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. Kumho Tire
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. JSC Cordiant
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. Zhongce
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. GITI 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. Triangle
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. Apollo
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. Cheng Shin
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. Nexen 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. COMPANY 20
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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