The global demand for Automotive Tire Market is presumed to reach the market size of nearly USD 640.04 BN by 2030 from USD 366.71 BN in 2022 with a CAGR of 7.21% under the study period 2023 - 2030.
An automotive tire, often simply referred to as a tire, is a critical component of a vehicle's wheel and is designed to provide several essential functions; tires serve as the contact point between a vehicle and the road. They support the weight of the vehicle and distribute it evenly across the road surface. Tires are responsible for creating traction between the vehicle and the road, which is vital for safe acceleration, braking, and steering.
The Automotive tire market is a dynamic sector influenced by a multitude of factors that collectively drive its growth and evolution. Central to this market are vehicle production and sales, as the demand for tires closely aligns with the automotive industry's overall performance. Additionally, the replacement tire market is substantial, with consumers regularly replacing worn or damaged tires, ensuring consistent demand. Seasonal variations play a pivotal role, with consumers choosing specific tire types to suit different weather conditions. Technological innovations, including improved tread designs and materials, drive demand by offering enhanced performance, fuel efficiency, and longer tire lifespan. Regulatory changes also shape the market, as environmental standards, fuel efficiency requirements, and safety regulations influence tire design and performance. Economic conditions, such as consumer purchasing power and stability, affect tire demand. Urbanization, the growth of commercial transportation, e-commerce, and sustainability concerns all contribute to market expansion. Furthermore, customization options and the demand for high-performance tires cater to varying consumer preferences. The integration of technology, such as tire sensors and monitoring systems, has elevated safety and efficiency, driving demand for sensor-equipped tires.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of automotive tire. The growth and trends of automotive tire industry provide a holistic approach to this study.
This section of the automotive tire market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Application
By Tire Type
This section covers the regional outlook, which accentuates current and future demand for the Automotive Tire market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Automotive Tire market include Continental Group, Cooper & Rubber Company, Hankook Co. Ltd., Goodyear & Rubber Company, Michelin Group, Pirelli, Sumitomo Rubber Industries Ltd., The Bridgestone Group, Toyo & Rubber Co. Ltd. and Yokohama Rubber Co. Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . AUTOMOTIVE TIRE – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Application
3.7.2 Market Attractiveness Analysis By Tire Type
3.7.3 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . GLOBAL AUTOMOTIVE TIRE MARKET ANALYSIS BY APPLICATION
5.1 Overview by Application
5.2 Historical and Forecast Data
5.3 Analysis by Application
5.4 Passenger cars Historic and Forecast Sales by Regions
5.5 LCV Historic and Forecast Sales by Regions
5.6 HCV Historic and Forecast Sales by Regions
5.7 Two-wheelers Historic and Forecast Sales by Regions
6 . GLOBAL AUTOMOTIVE TIRE MARKET ANALYSIS BY TIRE TYPE
6.1 Overview by Tire Type
6.2 Historical and Forecast Data
6.3 Analysis by Tire Type
6.4 Radial Historic and Forecast Sales by Regions
6.5 Bias Historic and Forecast Sales by Regions
7 . GLOBAL AUTOMOTIVE TIRE MARKET ANALYSIS BY GEOGRAPHY
7.1. Regional Outlook
7.2 ...