Automotive Summer Tire Market by Distribution Channel and Geography

Global Automotive Summer Tire Market: About this market

Automotive summer tires are made from softer composite materials and have fewer grooves compared with all-season tires. Automotive summer tires offer high performance with enhanced traction and reduced rolling resistance. The automotive summer tire market analysis considers sales of tires through replacement and OEM distribution channels. Our analysis also considers the provision of automotive summer tire in APAC, Europe, MEA, North America, and South America. In 2018, the replacement segment held the highest market share, which is expected to remain prevalent over the forecast period. Factors such as rising vehicle miles driven annually and preference for winter tires during the winter season, especially in most of the European countries, are augmenting tire replacement needs. As a result, the replacement segment will maintain its leading market position over the forecast period. Also, our global automotive summer tire report has observed market growth factors such as a preference for summer tires as OE fitment by vehicle manufacturers, increase in demand for high-performance tires, and increase in sales of luxury vehicles. However, challenges such as availability of alternatives, volatility in raw material prices, and product recalls may hamper the growth of the automotive summer tire industry over the forecast period.

Global Automotive Summer Tire Market: Overview

Increase in demand for high-performance tires

The automotive industry has been incorporating advanced features into vehicles owing to the advent of new technologies. In line with this, automotive tires are also undergoing advances; anti-locking braking system, electronic brakeforce distribution, electronic stability control, and traction control are a few of the high-performance tire attributes. As a result, automotive summer tire vendors must continue to match the automotive industry standards and offer high-performance tires as OE fitment and replacement. Furthermore, the rising awareness about the performance of these features in tires will increase their demand rate among vehicle owners and automotive manufacturers. As a result, the global automotive summer tire market is expected to record a CAGR of almost 5% during 2019-2023.

The emergence of intelligent tires

Vendors are innovating products to increase sales and maintain pace with the growing adoption of autonomous technologies in the automotive industry. The rising sales and demand for automated and electric vehicles will increase sales of intelligent tires, contributing to the market growth during the forecast period. Vendors have started incorporating sensor technologies in tires to monitor road conditions, tire pressure, and temperature. The emergence of intelligent tires is one of the key automotive summer tire market trends.

Competitive Landscape

With the presence of several major players, the global automotive summer tire market is fragmented. The robust vendor analysis is designed to help clients in improving their market positions, and in line with this, this report provides a detailed analysis of several leading vendors such as Apollo Tyres Ltd., Bridgestone Corp., Continental AG, Cooper Tire & Rubber Co., Hankook Tire Co. Ltd., Michelin Group, Pirelli & C. Spa, Sumitomo Rubber Industries Ltd., The Goodyear Tire & Rubber Co., and The Yokohama Rubber Co. Ltd.

Also, the automotive summer tire market analysis report includes information on upcoming trends and challenges that will influence market growth. This will help companies to stratege and leverage on all forthcoming growth opportunities.

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

Preface
Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

Market ecosystem
Market characteristics
Market segmentation analysis

PART 04: MARKET SIZING

Market definition
Market sizing 2018
Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition

PART 06: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL

Market segmentation by distribution channel
Comparison by distribution channel
Replacement - Market size and forecast 2018-2023
OEM - Market size and forecast 2018-2023
Market opportunity by distribution channel

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

Geographic segmentation
Geographic comparison
Europe - Market size and forecast 2018-2023
North America - Market size and forecast 2018-2023
APAC - Market size and forecast 2018-2023
MEA - Market size and forecast 2018-2023
South America - Market size and forecast 2018-2023
Key leading countries
Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

Market drivers
Market challenges

PART 11: MARKET TRENDS

Emergence of intelligent tires
Increasing preference for additive manufacturing
Tire manufacturers’ preference for natural rubber alternatives

PART 12: VENDOR LANDSCAPE

Overview
Landscape disruption
Competitive scenario

PART 13: VENDOR ANALYSIS

Vendors covered
Vendor classification
Market positioning of vendors
Apollo Tyres Ltd.
Bridgestone Corp.
Continental AG
Cooper Tire & Rubber Co.
Hankook Tire Co. Ltd.
Michelin Group
Pirelli & C. Spa
Sumitomo Rubber Industries Ltd.
The Goodyear Tire & Rubber Co.
The Yokohama Rubber Co. Ltd.

PART 14: APPENDIX

Research methodology
List of abbreviations
Definition of market positioning of vendors

List of Exhibits

Exhibit 01: Prominent vendors and product offerings
Exhibit 02: Global automotive tires market
Exhibit 03: Segments of global automotive tires market
Exhibit 04: Market characteristics
Exhibit 05: Market segments
Exhibit 06: Comparison between summer tires and all-season tires
Exhibit 07: Market definition - Inclusions and exclusions checklist
Exhibit 08: Market size 2018
Exhibit 09: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 10: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 11: Five forces analysis 2018
Exhibit 12: Five forces analysis 2023
Exhibit 13: Bargaining power of buyers
Exhibit 14: Bargaining power of suppliers
Exhibit 15: Threat of new entrants
Exhibit 16: Threat of substitutes
Exhibit 17: Threat of rivalry
Exhibit 18: Market condition - Five forces 2018
Exhibit 19: Distribution channel - Market share 2018-2023 (%)
Exhibit 20: Comparison by distribution channel
Exhibit 21: Replacement - Market size and forecast 2018-2023 ($ millions)
Exhibit 22: Replacement - Year-over-year growth 2019-2023 (%)
Exhibit 23: OEM - Market size and forecast 2018-2023 ($ millions)
Exhibit 24: OEM - Year-over-year growth 2019-2023 (%)
Exhibit 25: Market opportunity by distribution channel
Exhibit 26: Customer landscape
Exhibit 27: Market share by geography 2018-2023 (%)
Exhibit 28: Geographic comparison
Exhibit 29: Europe - Market size and forecast 2018-2023 ($ millions)
Exhibit 30: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 31: North America - Market size and forecast 2018-2023 ($ millions)
Exhibit 32: North America - Year-over-year growth 2019-2023 (%)
Exhibit 33: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 34: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 35: MEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 36: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 37: South America - Market size and forecast 2018-2023 ($ millions)
Exhibit 38: South America - Year-over-year growth 2019-2023 (%)
Exhibit 39: Key leading countries
Exhibit 40: Market opportunity
Exhibit 41: % of high-performance tires in total tire sales across the US in OEM and replacement segment 2009-2017
Exhibit 42: Impact of drivers and challenges
Exhibit 43: Vendor landscape
Exhibit 44: Landscape disruption
Exhibit 45: Vendors covered
Exhibit 46: Vendor classification
Exhibit 47: Market positioning of vendors
Exhibit 48: Apollo Tyres Ltd. - Vendor overview
Exhibit 49: Apollo Tyres Ltd. - Product segments
Exhibit 50: Apollo Tyres Ltd. - Organizational developments
Exhibit 51: Apollo Tyres Ltd. - Geographic focus
Exhibit 52: Apollo Tyres Ltd. - Segment focus
Exhibit 53: Apollo Tyres Ltd. - Key offerings
Exhibit 54: Bridgestone Corp. - Vendor overview
Exhibit 55: Bridgestone Corp. - Business segments
Exhibit 56: Bridgestone Corp. - Organizational developments
Exhibit 57: Bridgestone Corp. - Geographic focus
Exhibit 58: Bridgestone Corp. - Segment focus
Exhibit 59: Bridgestone Corp. - Key offerings
Exhibit 60: Continental AG - Vendor overview
Exhibit 61: Continental AG - Business segments
Exhibit 62: Continental AG - Organizational developments
Exhibit 63: Continental AG - Geographic focus
Exhibit 64: Continental AG - Segment focus
Exhibit 65: Continental AG - Key offerings
Exhibit 66: Cooper Tire & Rubber Co. - Vendor overview
Exhibit 67: Cooper Tire & Rubber Co. - Organizational developments
Exhibit 68: Cooper Tire & Rubber Co. - Geographic focus
Exhibit 69: Cooper Tire & Rubber Co. - Key offerings
Exhibit 70: Hankook Tire Co. Ltd. - Vendor overview
Exhibit 71: Hankook Tire Co. Ltd. - Organizational developments
Exhibit 72: Hankook Tire Co. Ltd. - Geographic focus
Exhibit 73: Hankook Tire Co. Ltd. - Key offerings
Exhibit 74: Michelin Group - Vendor overview
Exhibit 75: Michelin Group - Business segments
Exhibit 76: Michelin Group - Organizational developments
Exhibit 77: Michelin Group - Geographic focus
Exhibit 78: Michelin Group - Segment focus
Exhibit 79: Michelin Group - Key offerings
Exhibit 80: Pirelli & C. Spa - Vendor overview
Exhibit 81: Pirelli & C. Spa - Business segments
Exhibit 82: Pirelli & C. Spa - Organizational developments
Exhibit 83: Pirelli & C. Spa - Geographic focus
Exhibit 84: Pirelli & C. Spa - Segment focus
Exhibit 85: Pirelli & C. Spa - Key offerings
Exhibit 86: Sumitomo Rubber Industries Ltd. - Vendor overview
Exhibit 87: Sumitomo Rubber Industries Ltd. - Business segments
Exhibit 88: Sumitomo Rubber Industries Ltd. - Organizational developments
Exhibit 89: Sumitomo Rubber Industries Ltd. - Geographic focus
Exhibit 90: Sumitomo Rubber Industries Ltd. - Segment focus
Exhibit 91: Sumitomo Rubber Industries Ltd. - Key offerings
Exhibit 92: The Goodyear Tire & Rubber Co. - Vendor overview
Exhibit 93: The Goodyear Tire & Rubber Co. - Organizational developments
Exhibit 94: The Goodyear Tire & Rubber Co. - Geographic focus
Exhibit 95: The Goodyear Tire & Rubber Co. - Key offerings
Exhibit 96: The Yokohama Rubber Co. Ltd. - Vendor overview
Exhibit 97: The Yokohama Rubber Co. Ltd. - Business segments
Exhibit 98: The Yokohama Rubber Co. Ltd. - Organizational developments
Exhibit 99: The Yokohama Rubber Co. Ltd. - Geographic focus
Exhibit 100: The Yokohama Rubber Co. Ltd. - Segment focus
Exhibit 101: The Yokohama Rubber Co. Ltd. - Key offerings
Exhibit 102: Validation techniques employed for market sizing
Exhibit 103: Definition of market positioning of vendors

Executive Summary

The following companies are recognised as the key players in the global automotive summer tire market: Apollo Tyres Ltd., Bridgestone Corp., Continental AG, Cooper Tire & Rubber Co., Hankook Tire Co. Ltd., Michelin Group, Pirelli & C. Spa, Sumitomo Rubber Industries Ltd., The Goodyear Tire & Rubber Co., and The Yokohama Rubber Co. Ltd.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the emergence of intelligent tires.”

According to the report, one of the major drivers for this market is the increase in demand for high-performance tires.

Further, the report states that one of the major factors hindering the growth of this market is the availability of alternatives.

The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.