
Global Automotive Tire Market Size Study, by Rim Size (Less than 15 Inch, 15 to 20 Inch, More than 20 Inch), by Season Type (Summer, All Season, Winter), by Vehicle Type (Electric Vehicle, Commercial Vehicle, Passenger Vehicle), by Load Index (Up to 100,
Description
Global Automotive Tire Market Size Study, by Rim Size (Less than 15 Inch, 15 to 20 Inch, More than 20 Inch), by Season Type (Summer, All Season, Winter), by Vehicle Type (Electric Vehicle, Commercial Vehicle, Passenger Vehicle), by Load Index (Up to 100, More than 100) and Regional Forecasts 2022-2032
The Global Automotive Tire Market is valued approximately at USD 153.49 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 5.2% over the forecast period 2024-2032. An automotive tire is a crucial component of a vehicle’s chassis, serving as the point of contact between the vehicle and the road surface. Tires are designed and manufactured meticulously to meet specific performance requirements, encompassing a blend of rubber, fabric, and steel to endure various environmental conditions and road stresses. These components optimize performance characteristics such as grip, handling, and durability, ensuring vehicle safety, fuel efficiency, and overall driving comfort. The diverse range of tire types, including all-season, summer, and winter variants, caters to different driving conditions and preferences, underscoring their significance in the performance and safety of motor vehicles.
The market is set to experience significant growth due to rising consumer demand for high-performance tires, increased vehicle production in developing countries, and an emphasis on fuel efficiency and environmental sustainability. The adoption of electric vehicles, innovations in tire design and materials, and a focus on tire recycling and sustainability are key factors propelling market growth. However, fluctuating raw material prices, shifts in consumer preferences, and stringent regulatory standards pose challenges. Nonetheless, technological advancements in tire manufacturing and the growing automotive industry present substantial growth opportunities.
The initial phases of the COVID-19 pandemic led to disruptions in manufacturing and supply chains, temporarily reducing tire production. Lockdowns and restrictions impacted global mobility, causing a decline in vehicle sales and consequently, tire demand. Economic uncertainties influenced consumer spending, delaying tire replacements and upgrades. As economies reopened and the automotive sector rebounded, there was a renewed focus on personal transportation, stimulating recovery in the tire market. The pandemic also highlighted the importance of resilient supply chains, prompting manufacturers to optimize production processes.
Asia Pacific holds the largest share of the market revenue due to rapid economic growth and industrialization in the region. The demand for tires is driven by expanding automotive markets, increasing urbanization, and infrastructure development. Diverse driving conditions necessitate a range of tire types, boosting market growth. The shift towards electric vehicles and sustainable mobility influences tire preferences, with a demand for eco-friendly and fuel-efficient options. Strategic initiatives by manufacturers to establish production facilities and distribution networks further support market expansion in the region.
Major market players included in this report are:
Bridgestone Corporation
Continental AG
The Goodyear Tire & Rubber Company
Hankook & Company Co., Ltd.
Michelin
Nokian Tyres Plc
Pirelli & C. S.P.A
Sumitomo Rubber Industries, Ltd.
The Yokohama Rubber Co., Ltd.
Toyo Tire Corporation
The detailed segments and sub-segment of the market are explained below:
By Rim Size:
• Less than 15 Inch
• 15 to 20 Inch
• More than 20 Inch
By Season Type:
• Summer
• All Season
• Winter
By Vehicle Type:
• Electric Vehicle
• Commercial Vehicle
• Passenger Vehicle
By Load Index:
• Up to 100
• More than 100
By Region: North America
• U.S.
• Canada
Europe
• UK
• Germany
• France
• Spain
• Italy
• ROE
Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• RoAPAC
Latin America
• Brazil
• Mexico
Middle East & Africa
• Saudi Arabia
• South Africa
• RoMEA
Years considered for the study are as follows:
• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032
Key Takeaways:
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with country-level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.
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Table of Contents
200 Pages
- Chapter 1. Global Automotive Tire Market Executive Summary
- 1.1. Global Automotive Tire Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Rim Size
- 1.3.2. By Season Type
- 1.3.3. By Vehicle Type
- 1.3.4. By Load Index
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
- Chapter 2. Global Automotive Tire Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer’s Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
- Chapter 3. Global Automotive Tire Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Increasing consumer demand for high-performance tires
- 3.1.2. Increase in vehicle production in developing countries
- 3.1.3. Emphasis on fuel efficiency and environmental sustainability
- 3.2. Market Challenges
- 3.2.1. Fluctuating raw material prices
- 3.2.2. Shifts in consumer preferences
- 3.2.3. Stringent regulatory standards
- 3.3. Market Opportunities
- 3.3.1. Technological advancements in tire manufacturing
- 3.3.2. Growing automotive industry
- 3.3.3. Rising adoption of electric vehicles
- Chapter 4. Global Automotive Tire Market Industry Analysis
- 4.1. Porter’s 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter’s 5 Force Model
- 4.1.7. Porter’s 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top investment opportunity
- 4.4. Top winning strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
- Chapter 5. Global Automotive Tire Market Size & Forecasts by Rim Size 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global Automotive Tire Market: Rim Size Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Less than 15 Inch
- 5.2.2. 15 to 20 Inch
- 5.2.3. More than 20 Inch
- Chapter 6. Global Automotive Tire Market Size & Forecasts by Season Type 2022-2032
- 6.1. Segment Dashboard
- 6.2. Global Automotive Tire Market: Season Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Summer
- 6.2.2. All Season
- 6.2.3. Winter
- Chapter 7. Global Automotive Tire Market Size & Forecasts by Vehicle Type 2022-2032
- 7.1. Segment Dashboard
- 7.2. Global Automotive Tire Market: Vehicle Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Electric Vehicle
- 7.2.2. Commercial Vehicle
- 7.2.3. Passenger Vehicle
- Chapter 8. Global Automotive Tire Market Size & Forecasts by Load Index 2022-2032
- 8.1. Segment Dashboard
- 8.2. Global Automotive Tire Market: Load Index Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 8.2.1. Up to 100
- 8.2.2. More than 100
- Chapter 9. Global Automotive Tire Market Size & Forecasts by Region 2022-2032
- 9.1. North America Automotive Tire Market
- 9.1.1. U.S. Automotive Tire Market
- 9.1.1.1. Rim Size breakdown size & forecasts, 2022-2032
- 9.1.1.2. Season Type breakdown size & forecasts, 2022-2032
- 9.1.1.3. Vehicle Type breakdown size & forecasts, 2022-2032
- 9.1.1.4. Load Index breakdown size & forecasts, 2022-2032
- 9.1.2. Canada Automotive Tire Market
- 9.2. Europe Automotive Tire Market
- 9.2.1. U.K. Automotive Tire Market
- 9.2.2. Germany Automotive Tire Market
- 9.2.3. France Automotive Tire Market
- 9.2.4. Spain Automotive Tire Market
- 9.2.5. Italy Automotive Tire Market
- 9.2.6. Rest of Europe Automotive Tire Market
- 9.3. Asia-Pacific Automotive Tire Market
- 9.3.1. China Automotive Tire Market
- 9.3.2. India Automotive Tire Market
- 9.3.3. Japan Automotive Tire Market
- 9.3.4. Australia Automotive Tire Market
- 9.3.5. South Korea Automotive Tire Market
- 9.3.6. Rest of Asia Pacific Automotive Tire Market
- 9.4. Latin America Automotive Tire Market
- 9.4.1. Brazil Automotive Tire Market
- 9.4.2. Mexico Automotive Tire Market
- 9.4.3. Rest of Latin America Automotive Tire Market
- 9.5. Middle East & Africa Automotive Tire Market
- 9.5.1. Saudi Arabia Automotive Tire Market
- 9.5.2. South Africa Automotive Tire Market
- 9.5.3. Rest of Middle East & Africa Automotive Tire Market
- Chapter 10. Competitive Intelligence
- 10.1. Key Company SWOT Analysis
- 10.1.1. Company 1
- 10.1.2. Company 2
- 10.1.3. Company 3
- 10.2. Top Market Strategies
- 10.3. Company Profiles
- 10.3.1. Bridgestone Corporation
- 10.3.1.1. Key Information
- 10.3.1.2. Overview
- 10.3.1.3. Financial (Subject to Data Availability)
- 10.3.1.4. Product Summary
- 10.3.1.5. Market Strategies
- 10.3.2. Continental AG
- 10.3.3. The Goodyear Tire & Rubber Company
- 10.3.4. Hankook & Company Co., Ltd.
- 10.3.5. Michelin
- 10.3.6. Nokian Tyres Plc
- 10.3.7. Pirelli & C. S.P.A
- 10.3.8. Sumitomo Rubber Industries, Ltd.
- 10.3.9. The Yokohama Rubber Co., Ltd.
- 10.3.10. Toyo Tire Corporation
- Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- List of Tables
- TABLE 1. Global Automotive Tire Market, report scope
- TABLE 2. Global Automotive Tire Market estimates & forecasts by Region 2022-2032 (USD Billion)
- TABLE 3. Global Automotive Tire Market estimates & forecasts by Rim Size 2022-2032 (USD Billion)
- TABLE 4. Global Automotive Tire Market estimates & forecasts by Season Type 2022-2032 (USD Billion)
- TABLE 5. Global Automotive Tire Market estimates & forecasts by Vehicle Type 2022-2032 (USD Billion)
- TABLE 6. Global Automotive Tire Market estimates & forecasts by Load Index 2022-2032 (USD Billion)
- TABLE 7. Global Automotive Tire Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
- TABLE 8. Global Automotive Tire Market by region, estimates & forecasts, 2022-2032 (USD Billion)
- TABLE 9. Global Automotive Tire Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
- TABLE 10. Global Automotive Tire Market by region, estimates & forecasts, 2022-2032 (USD Billion)
- TABLE 11. Global Automotive Tire Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
- TABLE 12. Global Automotive Tire Market by region, estimates & forecasts, 2022-2032 (USD Billion)
- TABLE 13. Global Automotive Tire Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
- TABLE 14. Global Automotive Tire Market by region, estimates & forecasts, 2022-2032 (USD Billion)
- TABLE 15. U.S. Automotive Tire Market estimates & forecasts, 2022-2032 (USD Billion)
- TABLE 16. U.S. Automotive Tire Market estimates & forecasts by segment 2022-2032 (USD Billion)
- TABLE 17. U.S. Automotive Tire Market estimates & forecasts by segment 2022-2032 (USD Billion)
- TABLE 18. Canada Automotive Tire Market estimates & forecasts, 2022-2032 (USD Billion)
- TABLE 19. Canada Automotive Tire Market estimates & forecasts by segment 2022-2032 (USD Billion)
- TABLE 20. Canada Automotive Tire Market estimates & forecasts by segment 2022-2032 (USD Billion)
- This list is not complete, final report does contain more than 100 tables. The list may be updated in the final deliverable.
- List of Figures
- FIGURE 1. Global Automotive Tire Market, research methodology
- FIGURE 2. Global Automotive Tire Market, market estimation techniques
- FIGURE 3. Global market size estimates & forecast methods.
- FIGURE 4. Global Automotive Tire Market, key trends 2023
- FIGURE 5. Global Automotive Tire Market, growth prospects 2022-2032
- FIGURE 6. Global Automotive Tire Market, porters 5 force model
- FIGURE 7. Global Automotive Tire Market, PESTEL analysis
- FIGURE 8. Global Automotive Tire Market, value chain analysis
- FIGURE 9. Global Automotive Tire Market by segment, 2022 & 2032 (USD Billion)
- FIGURE 10. Global Automotive Tire Market by segment, 2022 & 2032 (USD Billion)
- FIGURE 11. Global Automotive Tire Market by segment, 2022 & 2032 (USD Billion)
- FIGURE 12. Global Automotive Tire Market by segment, 2022 & 2032 (USD Billion)
- FIGURE 13. Global Automotive Tire Market by segment, 2022 & 2032 (USD Billion)
- FIGURE 14. Global Automotive Tire Market, regional snapshot 2022 & 2032
- FIGURE 15. North America Automotive Tire Market 2022 & 2032 (USD Billion)
- FIGURE 16. Europe Automotive Tire Market 2022 & 2032 (USD Billion)
- FIGURE 17. Asia pacific Automotive Tire Market 2022 & 2032 (USD Billion)
- FIGURE 18. Latin America Automotive Tire Market 2022 & 2032 (USD Billion)
- FIGURE 19. Middle East & Africa Automotive Tire Market 2022 & 2032 (USD Billion)
- FIGURE 20. Global Automotive Tire Market, company market share analysis (2023)
- This list is not complete, final report does contain more than 50 figures. The list may be updated in the final deliverable.
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