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Global Automotive Tires Market 2017-2021

Global Automotive Tires Market 2017-2021

About Automotive Tires

A tire has a ring-shaped structure that is surrounded by a wheel's rim to provide grip on the surface it travels on, by transferring vehicle load from axle through the wheel to the ground. The automotive tires are flexible enough to absorb shock when they move on a rough surface because they are pneumatically magnified structures. The modern tires are made up of materials, such as synthetic rubber, natural rubber, fabric, and wire and also comprises other advanced materials, such as carbon black and chemical compounds.

Technavio’s analysts forecast the global automotive tires market to grow at a CAGR of 2.96% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global automotive tires market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of automotive tires market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Automotive Tires Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Bridgestone
  • Continental
  • Goodyear
  • Michelin
Other prominent vendors
  • Apollo Tyres
  • Cooper Tire & Rubber Company
  • Hankook Tire
  • JK Tyre
  • MRF
  • Pirelli
  • Sumitomo Rubber Industries
  • Yokohama Tire Corporation
Market driver
  • Eco-friendly tires that reduce fuel consumption and save money
  • For a full, detailed list, view our report
Market challenge
  • Increasing raw material prices
  • For a full, detailed list, view our report
Market trend
  • Use of radio frequency tags in tires
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Automotive Tires Market 2017-2021

Technavio recognizes the following companies as the key players in the global automotive tires market: Bridgestone, Continental, Goodyear, and Michelin

Other Prominent Vendors in the market are: Apollo Tyres, ACooper Tire & Rubber Company, Hankook Tire, JK Tyre, MRF, Pirelli, Sumitomo Rubber Industries, and Yokohama Tire Corporation.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Use of radio frequency tags in tires. Commercial truck tire manufacturers have started implanting radio frequency identification (RFID) tags into the tires while manufacturing them because this technology provides benefits to both truck fleets and tire manufacturers. RFID system contains a tag or a label- surrounded by a transmitter, receiver, and a reader. Microchip and antenna are the two parts present on the tag of RFID component. Information is stored and processed by microchip, whereas signals are received and transmitted by an antenna. Passive RFID tags are used for tires because they do not require a battery.”

According to the report, one of the major drivers for this market is Eco-friendly tires that reduce fuel consumption and save money. The US Department of Energy revealed that to overcome rolling resistance from tires, up to 15% of a car's fuel is being used. With the increasing fuel prices, OEMs are developing ways to make the vehicles fuel-efficient, reducing the fuel consumption. One of the ways is the use of eco-friendly tires.

Further, the report states that one of the major factors hindering the growth of this market is Increasing raw material prices. For the tire industry, the major raw material is rubber, and it contributes to 40% of the total cost of raw materials. Both natural and synthetic rubber are used for tire manufacturing. In 2016, due to supply interruptions in Thailand, the natural rubber price increased all over the world, and in India, it reached a three years' high.

Companies Mentioned

Bridgestone, Continental, Goodyear, Michelin, Apollo Tyres, ACooper Tire & Rubber Company, Hankook Tire, JK Tyre, MRF, Pirelli, Sumitomo Rubber Industries, and Yokohama Tire Corporation.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Determination of codes on tire
      • Table Tire load capacities for their indexes
      • Table Types of tire rolling resistance with respect to fuel consumption
      • Table Automotive tire types
      • Table Radial tire and bias tire
  • Market landscape
    • Market overview
      • Table Segmentation of global automotive tires market 2016-2021
    • Market size and forecast
      • Table Global automotive tires market 2016-2021 (billion units)
    • Manufacturing process
      • Table Automotive tire manufacturing process
    • Five forces analysis
      • Table Five forces analysis
    • Value chain analysis
      • Table Value chain of automotive tires market
  • Market segmentation by vehicle type
    • Global automotive tires market by vehicle type
      • Table Global automotive tires market by vehicle type 2016 and 2021 (%)
      • Table Global automotive tires market by vehicle type 2016-2021 (%)
    • Global automotive tires market by passenger cars
      • Table Global automotive tires market by passenger cars 2016-2021 (billion units)
      • Table Passenger cars sales in 2016
    • Global automotive tires market by commercial vehicles
      • Table Global automotive tires market by commercial vehicles 2016-2021 (billion units)
  • Market segmentation by end-user
    • Global automotive tires market by end-user
      • Table Global automotive tires market by end user 2016 and 2021 (%)
      • Table Global automotive tires market by end user 2016-2021 (%)
    • Global automotive tires market by OEMs
      • Table Global automotive tires market by OEMs 2016-2021 (billion units)
      • Table Top ten tire manufacturers and their home countries
    • Global automotive tires market by aftermarket
      • Table Global automotive tires market by aftermarket 2016-2021 (billion units)
  • Geographical segmentation
    • Global automotive tires market by geography
      • Table Global automotive tires market segmentation by geography 2016 and 2021 (%)
      • Table Global automotive tires market segmentation by geography 2016-2021 (%)
    • Automotive tires market in APAC
      • Table Automotive tires market in APAC 2016-2021 (billion units)
    • Automotive tires market in EMEA
      • Table Automotive tires market in EMEA 2016-2021 (billion units)
    • Automotive tires market in Americas
      • Table Automotive tires market in Americas 2016-2021 (billion units)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
  • Vendor landscape
    • Competitive Landscape69
      • Table Competitive benchmarking 2016
    • Other prominent vendors
  • Key vendor analysis
    • Bridgestone
      • Table Bridgestone: Business segmentation by net sales 2016 (%)
      • Table Bridgestone: Geographic segmentation by net sales 2016 (%)
      • Table Bridgestone: Product portfolio
      • Table Bridgestone: Recent developments
    • Continental
      • Table Continental: Geographic segmentation by market share for Tires division 2016 (%)
      • Table Continental: Recent developments
    • Goodyear
      • Table Goodyear: Geographic segmentation by market share 2016 (%)
      • Table Goodyear: Product portfolio
      • Table Goodyear: Recent developments
    • Michelin
      • Table Michelin: Business segmentation by revenue 2016 (%)
      • Table Michelin: Geographic segmentation by revenue 2016 (%)
      • Table Michelin: Product portfolio
  • Appendix
    • List of abbreviations85
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