Market Research Logo

Global Racing Tire Market 2015-2019

About racing tires

Racing tires are a range of ultra-performance tires, which are significantly customized for the usage in racing vehicles for various racing championships. The production of racing tires is highly capital-intensive, requiring a significant degree of hi-tech equipment coupled with highly trained and skilled manpower dedicated to the purpose of engineering and manufacture. Racing tires are designed to deliver superior performance, and, hence, they undergo various quality, durability, and speed tests. Despite the use of natural and synthetic rubber as the primary raw material in the racing tire manufacturing, significant extent of textile reinforcements like rayon, aramid, nylon, and polyester are also used.

Technavio’s analysts forecast global racing tire market to grow at a CAGR of 14.01% over the period 2014-2019.

Covered in this report

This report covers the present scenario and the growth prospects of global racing tire market for 2015-2019. The market size has been calculated based on the number of units generated by the production of racing tires globally. Based on the type of racing tires, we have segmented the market into racing slicks and racing tread. In addition, the market is also segmented on the basis of end-users. The report also highlights the racing tire market landscape in five key leading countries. We also discuss market growth drivers, the challenges faced by vendors and the industry as a whole, as well as key trends emerging in the market.

Technavio’s report, Global Racing Tire Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the global racing tire market landscape and its growth prospects in the forecast period. The report also includes a discussion of the key vendors operating in this market.

Key vendors

  • Bridgestone
  • Continental
  • Goodyear
  • Hankook
  • Michelin
  • Pirelli
Other prominent vendors
  • Cooper Tire and Rubber
  • Kumho Tire
  • Toyo Tire & Rubber
  • Yokohama Rubber
Market driver
  • Growing demand from developing economies
  • For a full, detailed list, view our report
Market challenge
  • Narrow end-user segment
  • For a full, detailed list, view our report
Market trend
  • Use of bio-oils in manufacturing process
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2019 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 Racing Tire Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Racing Tire Market: Bridgestone, Continental, Goodyear, Hankook, Michelin and Pirelli
Other Prominent Vendors in the market are: Cooper Tire and Rubber, Kumho Tire, Toyo Tire & Rubber and Yokohama Rubber
Commenting on the report, an analyst from Technavio’s team said: “Enhancement in the rubber technology does not affect the rolling resistance or wet grip of the tires. Nanoprene is currently undergoing extensive tests by various racing tire manufacturers. The range of Nanoprene is expected to expand with further grades during the forecast period, thereby boosting the racing tire technology to a considerable extent. Yokohama is one of the first companies to implement nanotechnology in the manufacturing of racing tires. With other prominent vendors like Bridgestone and Goodyear involved in checking the susceptibility of the product in testing conditions, the usage of nanotechnology would significantly help to drive the racing tire market during the forecast period.”
According to the report, automotive racing is primarily concentrated in the US and other developed countries such as Germany, Italy, the UK, and Japan. However, it is becoming extremely popular in countries such as China, India, and the UAE, which has encouraged OEMs to invest in various racing championships in these countries. For instance, many Indian companies like Reliance and Mahindra are looking forward to sponsor teams for international events like Grand Prix and F1 to tap the growing popularity of these championships in the country. Motorsport Asia has been organizing several championships like the Asian Touring Car Championship, Formula BMW Asia, and the Porsche Carrera Cup Asia for the last eight years, which have attracted major OEMs like Renault and Mahindra.
Further, the report states that the use of these tires limited to racing vehicles stagnates market growth.

Companies Mentioned

Bridgestone, Continental, Goodyear, Hankook, Michelin, Pirelli, Cooper Tire and Rubber, Kumho Tire, Toyo Tire & Rubber,Yokohama Rubber

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Market dynamics: Racing tire
      • Table International racing events timeline 2010-2015
      • Table Cost structure of racing tires 2014
  • Market landscape
    • Market overview
      • Table Global racing tire market
      • Table Global racing tire market 2014-2019 (millions of units)
  • Tire industry: supply chain
    • Racing tire manufacturing process
      • Table Racing tire manufacturing process
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by racing tire type
    • Table Global racing tire market by tire type
    • Table Global racing tire market by tire type 2014 and 2019
    • Table Global racing tire market by tire type 2014 and 2019
    • Global racing slicks tire market
      • Table Global racing slick tire market 2014-2019 (millions of units)
    • Global racing tread tire market
      • Table Global racing tread tire market 2014-2019 (millions of units)
  • Market segmentation by end-users
    • Table Global racing tire market segmentation by end-user 2014 and 2019
    • Table Segmentation of global racing tire market by end-user 2014-2019
    • Global replacement (aftermarket) racing tires market
      • Table Global replacement racing tires market (millions of units)
    • Global OEMs racing tires market
      • Table Global OEM racing tires market (millions of units)
  • Geographical segmentation
    • Segmentation of global racing tire market by geography 2014-2019
      • Table Segmentation of global racing tire market by geography 2014 and 2019
      • Table Global racing tire market by geography 2014-2019
    • Racing tire market in Americas
      • Table Racing tire market in Americas (millions of units)
    • Racing tire market in EMEA
      • Table Racing tire market in EMEA (millions of units)
    • Racing tire market in APAC
      • Table Racing tire market in APAC (millions of units)
  • Key leading countries
    • Table Key leading countries
  • Market drivers
    • Table Drivers of global racing tire market
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Table Challenges in global racing tire market
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table Trends of global racing tire market
    • Table Slick tire model
  • Vendor landscape
    • Competitive Scenario
      • Table Comparison of vendors in terms of revenue, EBITDA, and CAPEX
    • Market share
      • Table Global racing tire market share 2014
    • Other prominent vendors
  • Key vendor analysis
    • Bridgestone
      • Table Bridgestone: Business segmentation by revenue 2014
      • Table Bridgestone: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Bridgestone: Geographical segmentation by revenue 2014
      • Table Bridgestone: Manufacturing plants
    • Continental
      • Table Continental: Business segmentation by revenue 2014
      • Table Continental: Business segmentation by revenue 2013 and 2014 ($ billions)
    • Hankook
      • Table Hankook: Product categories
      • Table Hankook: Geographical segmentation by revenue 2014
    • Pirelli
      • Table Pirelli: Business segmentation
      • Table Pirelli: Business segmentation by revenue 2014
      • Table Pirelli: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Pirelli: Geographical segmentation by revenue 2014
    • Michelin
      • Table Michelin: Business segmentation by revenue 2014
      • Table Michelin: Business segmentation by revenue by 2013 and 2014 ($ billions)
      • Table Michelin: Geographical segmentation by revenue 2014
  • Appendix
    • List of abbreviation
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report