Estonia Tire Market, By Type (Radial, Bias); By Size (10”–12”, 13”–15”, 16”–18”, 19”–21”, >21 inches); By Distribution Channel (Online, Offline); By End Use (OEM, Replacement); By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Medium & Heavy Com
Description
Estonia Tire Market, By Type (Radial, Bias); By Size (10”–12”, 13”–15”, 16”–18”, 19”–21”, >21 inches); By Distribution Channel (Online, Offline); By End Use (OEM, Replacement); By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles, Two-Wheeler, Off-The-Road (OTR)), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
Estonia Tire Market Size Set to Grow at Steady CAGR of 5.5% to Reach USD 99.3 Million by 2029
Estonia tire market is flourishing owing to a spurring demand for tires from increasing passenger car sales and expanding vehicle fleet size.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Estonia tire market size at USD 68.47 million in 2022. During the forecast period between 2023 and 2029, BlueWeave Estonia Tire Market size is to grow at a significant CAGR of 5.54% reaching a value of USD 99.27 million by 2029. The growth of the Estonia tire market is driven by rising disposable income, rapid urbanization, and the nation's expanding infrastructure sector. Also, as the fleet of vehicles grows as a result of higher auto sales, the Estonia tire market benefits. Expansion of winter tires is a key component in the growth of the tire market. Estonian tire market is expanding because it is import-driven and because of FDI inflows into the infrastructure sector.
Estonia Tire Market – Overview
A circular, rubber-based automotive tire is used to cover the rim of the wheel. The primary function of the tire is to provide tractive force between the vehicle and the road surface while protecting the wheel rim. Because it is made of rubber, it also provides a flexible cushion, reducing vibrations and absorbing vehicle shock. A rubber tire is made up of tread, jointless cap heaps, beads, and other materials such as synthetic rubber, carbon black, and fabric. The demand for tires is increasing exponentially as the demand for vehicle production rises to meet the surge in demand for automobiles across all segments.
Impact of COVID-19 on Estonia Tire Market
Unprecedented COVID-19 pandemic hampered the expansion of the Estonian tire market. The government's statewide quarantine imposed to prevent the virus's spread, hampered the production and supply of raw materials required to make tires. Also, many workers worked from home and individuals stayed at home during the pandemic, reducing the need for personal mobility. Also, consumer purchasing power has been impacted as a result of the nation's economic crisis. All of these factors contributed to a sharp drop in demand for car tires in Estonia, affecting the market's overall growth.
Estonia Tire Market - By Size
On basis of the vehicle type, Estonia Tire Market is divided into 10”–12”, 13”–15”, 16”–18”, 19”–21”, and >21 inches. Among them, the 13"–15" segment holds the highest market share. During the forecast period, it is expected to grow at a significant CAGR. The tire is available in a variety of sizes in the Estonia tire market. Different tire sizes are available for various vehicle types and configurations. With rising concerns about pollution and climate change, rising fuel prices, and a shift in consumer preference toward electric vehicles, the demand for tires is growing day by day.
Competitive Landscape
Estonia tire market is fiercely competitive. Major companies in the market include Apollo Tires Ltd., Michelin, Bridgestone Corporation, Continental Aktiengesellschaft, Sumitomo Rubber Industries, Ltd., Pirelli Tire S.p.A., and Yokohama Tire Corporation. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the Estonia tire market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Estonia Tire Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Estonia Tire Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Estonia Tire Market Size Set to Grow at Steady CAGR of 5.5% to Reach USD 99.3 Million by 2029
Estonia tire market is flourishing owing to a spurring demand for tires from increasing passenger car sales and expanding vehicle fleet size.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Estonia tire market size at USD 68.47 million in 2022. During the forecast period between 2023 and 2029, BlueWeave Estonia Tire Market size is to grow at a significant CAGR of 5.54% reaching a value of USD 99.27 million by 2029. The growth of the Estonia tire market is driven by rising disposable income, rapid urbanization, and the nation's expanding infrastructure sector. Also, as the fleet of vehicles grows as a result of higher auto sales, the Estonia tire market benefits. Expansion of winter tires is a key component in the growth of the tire market. Estonian tire market is expanding because it is import-driven and because of FDI inflows into the infrastructure sector.
Estonia Tire Market – Overview
A circular, rubber-based automotive tire is used to cover the rim of the wheel. The primary function of the tire is to provide tractive force between the vehicle and the road surface while protecting the wheel rim. Because it is made of rubber, it also provides a flexible cushion, reducing vibrations and absorbing vehicle shock. A rubber tire is made up of tread, jointless cap heaps, beads, and other materials such as synthetic rubber, carbon black, and fabric. The demand for tires is increasing exponentially as the demand for vehicle production rises to meet the surge in demand for automobiles across all segments.
Impact of COVID-19 on Estonia Tire Market
Unprecedented COVID-19 pandemic hampered the expansion of the Estonian tire market. The government's statewide quarantine imposed to prevent the virus's spread, hampered the production and supply of raw materials required to make tires. Also, many workers worked from home and individuals stayed at home during the pandemic, reducing the need for personal mobility. Also, consumer purchasing power has been impacted as a result of the nation's economic crisis. All of these factors contributed to a sharp drop in demand for car tires in Estonia, affecting the market's overall growth.
Estonia Tire Market - By Size
On basis of the vehicle type, Estonia Tire Market is divided into 10”–12”, 13”–15”, 16”–18”, 19”–21”, and >21 inches. Among them, the 13"–15" segment holds the highest market share. During the forecast period, it is expected to grow at a significant CAGR. The tire is available in a variety of sizes in the Estonia tire market. Different tire sizes are available for various vehicle types and configurations. With rising concerns about pollution and climate change, rising fuel prices, and a shift in consumer preference toward electric vehicles, the demand for tires is growing day by day.
Competitive Landscape
Estonia tire market is fiercely competitive. Major companies in the market include Apollo Tires Ltd., Michelin, Bridgestone Corporation, Continental Aktiengesellschaft, Sumitomo Rubber Industries, Ltd., Pirelli Tire S.p.A., and Yokohama Tire Corporation. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the Estonia tire market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Estonia Tire Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Estonia Tire Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
240 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. Estonia Tire Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Rising Demand from the Automotive Sector
- 3.2.1.2. Growing Investment Toward Automobile Production Activities
- 3.2.2. Restraints
- 3.2.2.1. High Price of Tires
- 3.2.3. Opportunities
- 3.2.3.1. Product Development
- 3.2.4. Challenges
- 3.2.4.1. Impact on Supply Chain Due to Covid
- 3.3. Technology Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. Estonia Tire Market Overview
- 4.1. Market Size & Forecast, 2019–2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Type
- 4.2.1.1. Radial
- 4.2.1.2. Bias
- 4.2.2. By Size
- 4.2.2.1. 10”-12”
- 4.2.2.2. 13”-15”
- 4.2.2.3. 16”-18”
- 4.2.2.4. 19”–2 1”
- 4.2.2.5. >21 inches
- 4.2.3. By Distribution Channel
- 4.2.3.1. Online
- 4.2.3.2. Offline
- 4.2.4. By End Use
- 4.2.4.1. OEM
- 4.2.4.2. Replacement
- 4.2.5. By Vehicle Type
- 4.2.5.1. Passenger Cars
- 4.2.5.2. Light Commercial Vehicles
- 4.2.5.3. Medium and Heavy Commercial Vehicles
- 4.2.5.4. Two-Wheeler
- 4.2.5.5. Off-The-Road (OTR)
- 5. Competitive Landscape
- 5.1. List of Key Players and Their Offerings
- 5.2. Estonia Tire Company Market Share Analysis, 2022
- 5.3. Competitive Benchmarking, By Operating Parameters
- 5.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- 6. Impact of Covid-19 on Estonia Tire Market
- 7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 7.1. Apollo Tyres Ltd.
- 7.2. Michelin
- 7.3. Bridgestone Corporation
- 7.4. Continental Aktiengesellschaft
- 7.5. Sumitomo Rubber Industries, Ltd.
- 7.6. Pirelli Tyre S.p.A.
- 7.7. Yokohama Tire Corporation
- 7.8. Other Prominent Players
- 8. Key Strategic Recommendations
- 9. Research Methodology
- 9.1. Qualitative Research
- 9.1.1. Primary & Secondary Research
- 9.2. Quantitative Research
- 9.3. Market Breakdown & Data Triangulation
- 9.3.1. Secondary Research
- 9.3.2. Primary Research
- 9.4. Breakdown of Primary Research Respondents, By Region
- 9.5. Assumptions & Limitations
- *Financial information of case of non-listed companies can be provided as per availability.
- **The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
- List of Figures
- Figure 1 Estonia Tire Segmentation
- Figure 2 Estonia Tire Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 Estonia Tire Market Size, By Value (USD Million), 2019–2029
- Figure 5 Estonia Tire Market Share, By Type, By Value, 2019–2029
- Figure 6 Estonia Tire Market Share, By Sizes, By Value, 2019–2029
- Figure 7 Estonia Tire Market Share, By Distribution Channel, By Value, 2019–2029
- Figure 8 Estonia Tire Market Share, By End Use, By Value, 2019–2029
- Figure 9 Estonia Tire Market Share, By Vehicle Type, By Value, 2019–2029
- List of Tables
- Table 1 Estonia Tire Market Size, By Value (USD Million), 2019–2029
- Table 2 Estonia Tire Market Size, By Type, By Value, 2019–2029
- Table 3 Estonia Tire Market Size, By Sizes, By Value, 2019–2029
- Table 4 Estonia Tire Market Size, By Distribution Channel, By Value, 2019–2029
- Table 5 Estonia Tire Market Size, By End Use, By Value, 2019–2029
- Table 6 Estonia Tire Market Size, By Vehicle Type, By Value, 2019–2029
- Table 7 Apollo Tyres Ltd. Company Overview
- Table 8 Apollo Tyres Ltd. Financial Overview
- Table 9 Michelin Company Overview
- Table 10 Michelin Financial Overview
- Table 11 Bridgestone Corporation Company Overview
- Table 12 Bridgestone Corporation Financial Overview
- Table 13 Continental Aktiengesellschaft Company Overview
- Table 14 Continental Aktiengesellschaft Financial Overview
- Table 15 Sumitomo Rubber Industries, Ltd. Company Overview
- Table 16 Sumitomo Rubber Industries, Ltd. Financial Overview
- Table 17 Pirelli Tyre S.p.A. Company Overview
- Table 18 Pirelli Tyre S.p.A. Financial Overview
- Table 19 Yokohama Tire Corporation Company Overview
- Table 20 Yokohama Tire Corporation Financial Overview
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