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Global Passenger Vehicle Replacement Tire Market 2016-2020

Global Passenger Vehicle Replacement Tire Market 2016-2020

About Tires

Advances in tire technology continued with the advent of new and existing companies. Present day tire vendors manufacture tires to suit the needs of multiple automobile classes and hence, the market is segmented in terms of application and technology. There are specific tires for definite weather conditions, including all-season, winter, and summer tires. There is a broad spectrum of both global and local tire vendors present in the tire market. This makes it very competitive.

Technavio’s analysts forecast the global passenger vehicle replacement tire market to grow at a CAGR of 7.24% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global passenger vehicle replacement tire market for 2016-2020. To calculate the market size, the report considers a top down approach.

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

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Passenger Vehicle Replacement Tire Market 2016-2020, 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
  • Goodyear
  • Michelin
  • Firestone
Other prominent vendors
  • Yokohama
  • Hankook
  • Dunlop
  • Cooper Tire and Rubber Company
Market driver
  • Decrease in the price of gasoline by 60% in the US: Driving demand for gasoline-powered vehicles
  • For a full, detailed list, view our report
Market challenge
  • Growing market of retreading tires: Replacement tire market under pressure
  • For a full, detailed list, view our report
Market trend
  • Tire brands influencing buying preferences: Michelin ranked highest for satisfaction in luxury segment and Pirelli ranked highest in performance sports segment
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 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?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Passenger Vehicle Replacement Tire Market 2016-2020

Technavio recognizes the following companies as the key players in the global passenger vehicle replacement tire market: Bridgestone, Goodyear, Michelin, and Firestone.

Other Prominent Vendors in the market are: Yokohama, Hankook, Dunlop, and Cooper Tire and Rubber Company.

Commenting on the report, an analyst from Technavio’s team said: “Taxi cabs are not a modern concept as they have been in use in many countries since the beginning of 19th century, like the famous London black cabs, New York yellow cabs, and Uber to name a few. They are a convenient alternative to commute without the need of driving a personal vehicle or using public transport. In the last decade, the automotive industry witnessed a trend of almost every household having two cars instead of one. But with the advent and popularity of new modes of vehicle ownership, such as car sharing and pooling, people are happy with one vehicle and prefer to use taxi instead of a second car.”

According to the report, the growth of the automotive industry (especially in passenger cars and commercial vehicles) is also powered by financing flexibility options, which increase consumer-spending confidence and sales. In countries like India and China (where 75%-80% of new vehicle purchases are based on car loans), car financing is a major driver aiding market expansion.

Further, the report states that the global passenger vehicle tire market is witnessing a continuous trend toward large diameter, lower profile tires. This has impacted tire costs. It has also affected replacement tire parameters and manufacturer product offerings. For example, the success of Euro-style vans, especially in the past couple of years, has exceeded the total sales of traditional body-on-frame vans. Hence, it is evident that fleets that moved on to new-generation cargo vans will see higher tire prices, which is driven by new euro-metric and unique tire sizes. More euro-metric tire sizes, which are rated P or T in the load range prefix, are being introduced. Therefore, replacing these tires can be a challenge due to their limited availability and significantly higher price.



Companies Mentioned

Bridgestone, Goodyear, Michelin, Firestone, Yokohama, Hankook, Dunlop, and Cooper Tire Rubber Company.

  • Executive summary
    • Highlights
  • Scope of the report
    • Report coverage
      • Table Scope of the report
    • Top-vendor offerings
      • Table Products offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Market highlights
      • Table Tire load-speed ratio comparison by application
      • Table Tire load capacity for respective load indexes
      • Table Various types of tire rolling resistance in the context of fuel consumption
    • Value chain analysis
      • Table Value chain involved in automotive tire manufacturing
      • Table Tire manufacturing industry best practices 2015
    • Other business models in replacement tire ecosystem
    • Regulatory Framework
      • Table Regulatory framework for tire manufacturers
  • Market landscape
    • Market overview
    • Market size and forecast
      • Table Global passenger vehicle replacement tire market 2016-2020 (millions of units)
      • Table Segmentation of global passenger vehicle replacement tire market
    • Manufacturing process
      • Table Racing tire manufacturing process
    • Five forces analysis
      • Table Five forces analysis
  • Market drivers
    • Table Drivers in global passenger vehicle replacement tire market
  • Market challenges
    • Table Challenges in global passenger vehicle replacement tire market
  • Market trends
    • Table Trends in global passenger vehicle replacement tire market
    • Table US tire satisfaction index ranking for various tire brands 2016
  • Market segmentation by geography
    • Global passenger vehicle replacement tire market by geography
      • Table Global passenger vehicle tire replacement tire market segmentation by geography
      • Table Passenger vehicle replacement tire market 2016-2020: EMEA (millions of units)
      • Table European vehicle parc 2015-2020 (millions of units)
      • Table Passenger vehicle replacement tire market 2016-2020: Americas (millions of units)
      • Table US Replacement tire sales 2014
      • Table US, units shipped (imports included): Passenger tires
      • Table US passenger car tire market 2014
      • Table US replacement consumer tire brands share 2014
      • Table Original equipment tire brand shares in 2014: BMW
      • Table Original equipment tire brand share in 2014: Mercedes-Benz
      • Table Passenger vehicle replacement tire market 2016-2020: APAC (millions of units)
  • Market segmentation by type
    • Global passenger vehicle replacement tire market by type
      • Table Global passenger vehicle replacement tire market segmentation by type
      • Table Passenger vehicle replacement tire market 2016-2020: OEM (millions of units)
      • Table Michelin's tire market 2015
      • Table Passenger vehicle replacement tire market 2016-2020: Aftermarket (millions of units)
      • Table Comparison of performance ratings of Falken tires
      • Table Comparison of performance ratings of Kumho tires
  • Vendor landscape
    • Competitive benchmarking
      • Table Competitive benchmarking
    • Other prominent vendors
  • Key vendor analysis
    • Table Product offerings of Bridgestone
    • Table Product offerings of Goodyear
    • Table Product portfolio of Michelin
    • Table Product portfolio of Firestone
  • Appendix
    • List of abbreviations
  • Explore Technavio

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