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Tires - Global Strategic Business Report

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    Report

  • 503 Pages
  • April 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 338787
Description Jump to:
The global market for Tires is estimated at 2.4 Billion Units in 2023 and is projected to reach 3.1 Billion Units by 2030, growing at a CAGR of 3.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Radial Tires segment, which is expected to reach 2.5 Billion Units by 2030 with a CAGR of 3.2%. The Bias Tires segment is also set to grow at 2.7% CAGR over the next 8 years.
  • Regional Analysis: Gain insights into the U.S. market, estimated at 400.4 Million Units in 2023, and China, forecasted to grow at an impressive 4.3% CAGR to reach 723.5 Million Units by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Tires Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Tires Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Tires Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Continental AG, Bridgestone Corporation, Apollo Tyres Ltd., and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 142 Featured):

  • Continental AG
  • Bridgestone Corporation
  • Apollo Tyres Ltd.
  • Balkrishna Industries Ltd. (BKT)
  • Bridgestone Americas, Inc.
  • CEAT Ltd.
  • Cooper Tire & Rubber Company
  • FATE S.A.I.C.I.
  • Kenda Tire
  • Nokian Tyres PLC
  • Cheng Shin Rubber (Xiamen) Ind. Ltd.
  • Dunlop Aircraft Tyres Ltd.
  • Dunlop Tires
  • Kumho Tire Co., Inc.
  • Petlas

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Tires, the Biggest Invention that Changed the Course of Human Civilization
  • Exhibit 1: The Massive Size of Automotive Industry with Tires as its Foundation Stands Testimony for its Pivotal Role in Shaping Human Society: Global Automobile Industry (In US$ Billion) for Years 2024, 2026, 2028, 2030 and 2032
  • Economic Frontiers: Trends, Trials & Transformations
  • Exhibit 2: In a World Torn by Geopolitical Instability & War, Steadfastness of Global GDP Becomes Increasingly Unpredictable Given the Many Direct and Indirect Economic Repercussions: World Economic Growth Projections (Real Gross Domestic Product (GDP), Annual % Change) for the Years 2022 Through 2025
  • Exhibit 3: All Eyes on Global Inflation, the Main Risk Factor in Global Markets: Global Headline Inflation Rates (In %) for the Years 2019 through 2025
  • Exhibit 4: With Oil Prices Influencing the Rate of inflation, it Remains the Most Watched Commodity in Global Markets: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2019 through 2025
  • Competition
  • Exhibit 5: Tires - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for 142 Players Worldwide in 2024 (E)
  • The Workings of a Tire, Explained!
  • Influencer/Product/Technology Insights
  • Recent Market Activity
  • Innovations
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Encouraging Outlook for Automobile Production in 2024, Despite Disruptions, Bodes Well for the Growth of Tires
  • Exhibit 6: Promising Recovery in Automobile Production, Notwithstanding the Many Challenges, Offers Hope for Players in the Value Chain Including Tire Manufacturers: Global Light Vehicle Production (In Million Units) for Years 2019 through 2025
  • Robust Outlook for EVs Spurs Demand for Tires Uniquely Crafted to Meet the Requirements of Electric Propulsion Systems
  • Exhibit 7: Robust Sales of EVs Mean Increased R&D and Demand for EV Specific Tires: Global Sales of EVs (In 000 Units) for Years 2023, 2025 and 2027
  • Aging World Vehicle Fleet Drives Replacement Tire Demand in the Aftermarket
  • Exhibit 8: Aging Vehicles Strengthen the Business Case for Replacement Tires: Average Age of Vehicles in the U.S (In Years) for the Years 2018, 2020, 2022 and 2024
  • Smart Tires Hit the Market With a Bang. Here’s the Scoop on this Exciting Trend
  • Self-Healing Tires Gather Momentum in the Market
  • Airless Tires Inch Closer to Commercialization
  • Engineering Tire Tread Patterns, the Most Complex Part of Tire Engineering
  • Manufacturers Gravitate Towards 3D Printing of Tires. Here’s the Story
  • Exhibit 9: Adoption of 3D Printing in the Automotive Industry Accelerates the Potential for Innovating Eco-Friendly, Higher Performing Tires: Automotive 3D Printing Market (In US$ Billion) for Years 2024, 2026, 2028 and 2030
  • Tire Manufacturers Offer Digital Tire Management Solutions as a Portfolio Addition to Generate Additional Revenues Streams
  • Focus on Sustainability & Growing Pressure to Conform to Fuel Efficiency Standards Triggers Innovation Fever in “Green Tires”
  • Exhibit 10: With Tires Producing Shockingly Higher Particles than Exhaust in Modern Vehicles, Eco-Friendly Tire Material Innovation Steals the Global Dialogue on Sustainable Tires: Milligrams of Particles Per Kilometer of Driving as of the Year 2024
  • A Responsible Industry is an Industry that Recycles. “Tire Recycling” Steals the Spotlight
  • Exhibit 11: Massive Percentage of Tires Landfilled & Stockpiled Highlight the Urgent Need for Redoubling the Recycling Efforts: Breakdown of End-of-Life Tires by their Disposal Strategy (In %) as if the Year 2024
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Tires Market Analysis of Annual Sales in Thousand Units for Years 2014 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Tires by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in Thousand Units for Years 2023 through 2030 and % CAGR
  • Table 3: World Historic Review for Tires by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in Thousand Units for Years 2014 through 2022 and % CAGR
  • Table 4: World 16-Year Perspective for Tires by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets for Years 2014, 2024 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Radial Tires by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in Thousand Units for Years 2023 through 2030 and % CAGR
  • Table 6: World Historic Review for Radial Tires by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in Thousand Units for Years 2014 through 2022 and % CAGR
  • Table 7: World 16-Year Perspective for Radial Tires by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2024 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for Bias Tires by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in Thousand Units for Years 2023 through 2030 and % CAGR
  • Table 9: World Historic Review for Bias Tires by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in Thousand Units for Years 2014 through 2022 and % CAGR
  • Table 10: World 16-Year Perspective for Bias Tires by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2024 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Passenger Cars Vehicle Type by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in Thousand Units for Years 2023 through 2030 and % CAGR
  • Table 12: World Historic Review for Passenger Cars Vehicle Type by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in Thousand Units for Years 2014 through 2022 and % CAGR
  • Table 13: World 16-Year Perspective for Passenger Cars Vehicle Type by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2024 & 2030
  • Table 14: World Recent Past, Current & Future Analysis for Trucks Vehicle Type by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in Thousand Units for Years 2023 through 2030 and % CAGR
  • Table 15: World Historic Review for Trucks Vehicle Type by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in Thousand Units for Years 2014 through 2022 and % CAGR
  • Table 16: World 16-Year Perspective for Trucks Vehicle Type by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2024 & 2030
  • Table 17: World Recent Past, Current & Future Analysis for Buses Vehicle Type by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in Thousand Units for Years 2023 through 2030 and % CAGR
  • Table 18: World Historic Review for Buses Vehicle Type by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in Thousand Units for Years 2014 through 2022 and % CAGR
  • Table 19: World 16-Year Perspective for Buses Vehicle Type by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2024 & 2030
  • Table 20: World Recent Past, Current & Future Analysis for Two-Wheelers Vehicle Type by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in Thousand Units for Years 2023 through 2030 and % CAGR
  • Table 21: World Historic Review for Two-Wheelers Vehicle Type by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in Thousand Units for Years 2014 through 2022 and % CAGR
  • Table 22: World 16-Year Perspective for Two-Wheelers Vehicle Type by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2024 & 2030
  • Table 23: World Recent Past, Current & Future Analysis for Off-The-Road Vehicle Type by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in Thousand Units for Years 2023 through 2030 and % CAGR
  • Table 24: World Historic Review for Off-The-Road Vehicle Type by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in Thousand Units for Years 2014 through 2022 and % CAGR
  • Table 25: World 16-Year Perspective for Off-The-Road Vehicle Type by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2024 & 2030
  • Table 26: World Recent Past, Current & Future Analysis for Replacement End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in Thousand Units for Years 2023 through 2030 and % CAGR
  • Table 27: World Historic Review for Replacement End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in Thousand Units for Years 2014 through 2022 and % CAGR
  • Table 28: World 16-Year Perspective for Replacement End-Use by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2024 & 2030
  • Table 29: World Recent Past, Current & Future Analysis for OEM End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in Thousand Units for Years 2023 through 2030 and % CAGR
  • Table 30: World Historic Review for OEM End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in Thousand Units for Years 2014 through 2022 and % CAGR
  • Table 31: World 16-Year Perspective for OEM End-Use by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Tires Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • Market Analytics
CANADA
JAPAN
  • Tires Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
  • Market Analytics
CHINA
  • Tires Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
  • Market Analytics
EUROPE
  • Tires Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Market Analytics
FRANCEGERMANYITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Tires Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
  • Market Analytics
INDIAREST OF ASIA-PACIFICLATIN AMERICABRAZILREST OF LATIN AMERICAREST OF WORLDIV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Continental AG
  • Bridgestone Corporation
  • Apollo Tyres Ltd.
  • Balkrishna Industries Ltd. (BKT)
  • Bridgestone Americas, Inc.
  • CEAT Ltd.
  • Cooper Tire & Rubber Company
  • FATE S.A.I.C.I.
  • Kenda Tire
  • Nokian Tyres PLC
  • Cheng Shin Rubber (Xiamen) Ind. Ltd.
  • Dunlop Aircraft Tyres Ltd.
  • Dunlop Tires
  • Kumho Tire Co., Inc.
  • Petlas

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