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Automotive Tire Market by Season Type, Vehicle Type, Rim Size and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2020-2027

  • ID: 5118790
  • Report
  • June 2020
  • Region: Global
  • 372 pages
  • Allied Analytics LLP

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FEATURED COMPANIES

  • Bridgestone Corporation
  • Continental corporation
  • MICHELIN
  • Nokian Tyres plc
  • oyo Tire Corporation
  • MORE
A rubber tire is a component fitted around the rim of a wheel to transfer the load of a vehicle from the axle to the ground. The majority of the tires are pneumatically inflated that offer a flexible cushion with shock absorption when the tire travels over a rough surface. The automotive tire market is segmented on the basis of season type, vehicle type, rim size, distribution channel, and region.

Moreover, it is consists of tread, jointless cap piles, beads, and other materials, which include synthetic rubber, carbon black, and fabric. There is an increase in the demand for tires due to the rise in the demand for vehicle production to cater to the surge in the requirement of vehicles across all segments. Thus, the tire demand is ultimately governed by automobile production.

At present, Asia-Pacific dominates the market, followed by Europe, North America, and LAMEA. China dominated the global tire system market in 2019, whereas India is expected to grow at a significant rate in Asia-Pacific during the forecast period.

The automotive tire market is segmented into season type, vehicle type, rim size, distribution channel, and region. By season type, it is divided into summer, winter and all season tires. By vehicle type, it is divided into passenger car, commercial vehicle, and electric vehicle. The commercial vehicles segment is further divided into light & heavy commercial vehicles. By rim size, the market is categorized into less than 15 inches, 15 to 20 inches, and more than 20 inches. By distribution channel, it is bifurcated into OEM and aftermarket. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Comprehensive competitive analysis and profiles of major market players such as Bridgestone Corporation, Continental corporation, MICHELIN, Pirelli Tyre C. S.p.A. (China National Chemical Corporation), The Goodyear Tire & Rubber Company, Toyo Tire Corporation, Sumitomo Rubber Industries Ltd, The Yokohama Rubber Co., Ltd, Hankook Tire & Technology Co., Ltd., and Nokian Tyres plc are also provided in this report.

KEY BENEFITS FOR STAKEHOLDERS
  • This study presents the analytical depiction of the automotive tire market along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
  • The report presents information related to key drivers, restraints, and opportunities with detailed impact analysis.
  • The current market is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the market.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers.
KEY MARKET SEGMENTS

By Season Type
  • Summer
  • Winter
  • All Season
By Vehicle Type
  • Passenger Car
  • Commercial Vehicle
  • Light Commercial
  • Heavy commercial
  • Electric Vehicle
By Rim Size
  • Less than 15
  • 15 to 20
  • More than 20
By Distribution Channel
  • OEM
  • Aftermarket
By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • Russia
  • France
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Bridgestone Corporation
  • Continental corporation
  • MICHELIN
  • Nokian Tyres plc
  • oyo Tire Corporation
  • MORE
Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models

Chapter 2: Executive Summary
2.1. CXO Perspective

Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Impacting Factors
3.2.2. Top Investment Pockets
3.2.3. Top Winning Strategies
3.3. Porter’sFive Forces Analysis
3.4. Market Share Analysis
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Increase in Automotive Production & Sales Across Different Vehicles Segment
3.5.1.2. Rise in Competition Among Tire Manufacturers
3.5.1.3. Introduction of Advanced Technology in the Manufacturing Process.
3.5.2. Restraints
3.5.2.1. Volatile Prices of Raw Materials.
3.5.2.2. Development in the Market of Retreading Tires
3.5.3. Opportunities
3.5.3.1. Advancement in Technology
3.5.3.2. Fuel Efficiency and Safety Concerns.
3.6. Impact of Covid-19 on Automotive Tire Market
3.7. Automotive Tire Market Pricing Analysis, by Vehicle Type and Supply Chain

Chapter 4: Automotive Tire Market, by Season Type
4.1. Overview
4.2. Summer
4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast, by Region
4.2.3. Key Player’S Market Share, by Region
4.2.4. Market Analysis by Country
4.3. Winter
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast, by Region
4.3.3. Key Player’S Market Share, by Region
4.3.4. Market Analysis by Country
4.4. All Season
4.4.1. Key Market Trends, Growth Factors, and Opportunities
4.4.2. Market Size and Forecast, by Region
4.4.3. Key Player’S Market Share, by Region
4.4.4. Market Analysis by Country

Chapter 5: Automotive Tire Market, by Rim Size
5.1. Overview
5.2. Less Than 15 Inches
5.2.1. Key Market Trends, Growth Factors and Opportunities
5.2.2. Market Size and Forecast, by Region
5.2.3. Key Player’S Market Share, by Region
5.2.4. Market Analysis by Country
5.3.15-20 Inch
5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market Size and Forecast, by Region
5.3.3. Key Player’S Market Share, by Region
5.3.4. Market Analysis by Country
5.4. More Than 20 Inch
5.4.1. Key Market Trends, Growth Factors, and Opportunities
5.4.2. Market Size and Forecast, by Region
5.4.3. Key Player’S Market Share, by Region
5.4.4. Market Analysis by Country

Chapter 6: Automotive Tire Market, by Vehicle Type
6.1. Overview
6.2. Passenger Vehicle
6.2.1. Key Market Trends, Growth Factors and Opportunities
6.2.2. Market Size and Forecast, by Region
6.2.3. Key Player’S Market Share, by Region
6.2.4. Market Analysis by Country
6.3. Commercial Vehicle
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast, by Region
6.3.3. Light Commercial Vehicles
6.3.4. Heavy Commercial Vehicles
6.3.5. Key Player’S Market Share, by Region
6.3.6. Market Analysis by Country
6.4. Electric Vehicle
6.4.1. Key Market Trends, Growth Factors, and Opportunities
6.4.2. Market Size and Forecast, by Region
6.4.3. Key Player’S Market Share, by Region
6.4.4. Market Analysis by Country

Chapter 7: Automotive Tire Market, by Distribution Channel
7.1. Overview
7.2. Oem
7.2.1. Key Market Trends, Growth Factors and Opportunities
7.2.2. Market Size and Forecast, by Region
7.2.3. Key Player’S Market Share, by Region
7.2.4. Market Analysis by Country
7.3. Aftermarket
7.3.1. Key Market Trends, Growth Factors, and Opportunities
7.3.2. Market Size and Forecast, by Region
7.3.3. Key Player’S Market Share, by Region
7.3.4. Market Analysis by Country

Chapter 8: Automotive Tire Market, by Region
8.1. Overview
8.2. North America
8.2.1. Key Market Trends, Growth Factors, and Opportunities
8.2.2. Market Size and Forecast, by Season Type
8.2.3. Market Size and Forecast, by Rim Size
8.2.4. Market Size and Forecast, by Vehicle Type
8.2.5. Market Size and Forecast, by Distribution Channel
8.2.6. Market Analysis by Country
8.2.6.1. U. S.
8.2.6.1.1. Market Size and Forecast, by Season Type
8.2.6.1.2. Market Size and Forecast, by Rim Size
8.2.6.1.3. Market Size and Forecast, by Vehicle Type
8.2.6.1.4. Market Size and Forecast, by Distribution Channel
8.2.6.2. Canada
8.2.6.2.1. Market Size and Forecast, by Season Type
8.2.6.2.2. Market Size and Forecast, by Rim Size
8.2.6.2.3. Market Size and Forecast, by Vehicle Type
8.2.6.2.4. Market Size and Forecast, by Distribution Channel
8.2.6.3. Mexico
8.2.6.3.1. Market Size and Forecast, by Season Type
8.2.6.3.2. Market Size and Forecast, by Rim Size
8.2.6.3.3. Market Size and Forecast, by Vehicle Type
8.2.6.3.4. Market Size and Forecast, by Distribution Channel
8.3. Europe
8.3.1. Key Market Trends, Growth Factors, and Opportunities
8.3.2. Market Size and Forecast, by Season Type
8.3.3. Market Size and Forecast, by Rim Size
8.3.4. Market Size and Forecast, by Vehicle Type
8.3.5. Market Size and Forecast, by Distribution Channel
8.3.6. Market Analysis by Country
8.3.6.1. UK
8.3.6.1.1. Market Size and Forecast, by Season Type
8.3.6.1.2. Market Size and Forecast, by Rim Size
8.3.6.1.3. Market Size and Forecast, by Vehicle Type
8.3.6.1.4. Market Size and Forecast, by Distribution Channel
8.3.6.2. Germany
8.3.6.2.1. Market Size and Forecast, by Season Type
8.3.6.2.2. Market Size and Forecast, by Rim Size
8.3.6.2.3. Market Size and Forecast, by Vehicle Type
8.3.6.2.4. Market Size and Forecast, by Distribution Channel
8.3.6.3. France
8.3.6.3.1. Market Size and Forecast, by Season Type
8.3.6.3.2. Market Size and Forecast, by Rim Size
8.3.6.3.3. Market Size and Forecast, by Vehicle Type
8.3.6.3.4. Market Size and Forecast, by Distribution Channel
8.3.6.4. Russia
8.3.6.4.1. Market Size and Forecast, by Season Type
8.3.6.4.2. Market Size and Forecast, by Rim Size
8.3.6.4.3. Market Size and Forecast, by Vehicle Type
8.3.6.4.4. Market Size and Forecast, by Distribution Channel
8.3.6.5. Rest of Europe
8.3.6.5.1. Market Size and Forecast, by Season Type
8.3.6.5.2. Market Size and Forecast, by Rim Size
8.3.6.5.3. Market Size and Forecast, by Vehicle Type
8.3.6.5.4. Market Size and Forecast, by Distribution Channel
8.4. Asia-Pacific
8.4.1. Key Market Trends, Growth Factors, and Opportunities
8.4.2. Market Size and Forecast, by Season Type
8.4.3. Market Size and Forecast, by Rim Size
8.4.4. Market Size and Forecast, by Vehicle Type
8.4.5. Market Size and Forecast, by Distribution Channel
8.4.6. Market Analysis by Country
8.4.6.1. China
8.4.6.1.1. Market Size and Forecast, by Season Type
8.4.6.1.2. Market Size and Forecast, by Rim Size
8.4.6.1.3. Market Size and Forecast, by Vehicle Type
8.4.6.1.4. Market Size and Forecast, by Distribution Channel
8.4.6.2. Japan
8.4.6.2.1. Market Size and Forecast, by Season Type
8.4.6.2.2. Market Size and Forecast, by Rim Size
8.4.6.2.3. Market Size and Forecast, by Vehicle Type
8.4.6.2.4. Market Size and Forecast, by Distribution Channel
8.4.6.3. India
8.4.6.3.1. Market Size and Forecast, by Season Type
8.4.6.3.2. Market Size and Forecast, by Rim Size
8.4.6.3.3. Market Size and Forecast, by Vehicle Type
8.4.6.3.4. Market Size and Forecast, by Distribution Channel
8.4.6.4. Australia
8.4.6.4.1. Market Size and Forecast, by Season Type
8.4.6.4.2. Market Size and Forecast, by Rim Size
8.4.6.4.3. Market Size and Forecast, by Vehicle Type
8.4.6.4.4. Market Size and Forecast, by Distribution Channel
8.4.6.5. Rest of Asia-Pacific
8.4.6.5.1. Market Size and Forecast, by Season Type
8.4.6.5.2. Market Size and Forecast, by Rim Size
8.4.6.5.3. Market Size and Forecast, by Vehicle Type
8.4.6.5.4. Market Size and Forecast, by Distribution Channel
8.5. LAMEA
8.5.1. Key Market Trends, Growth Factors, and Opportunities
8.5.2. Market Size and Forecast, by Season Type
8.5.3. Market Size and Forecast, by Rim Size
8.5.4. Market Size and Forecast, by Vehicle Type
8.5.5. Market Size and Forecast, by Distribution Channel
8.5.6. Market Analysis by Country
8.5.6.1. Latin America
8.5.6.1.1. Market Size and Forecast, by Season Type
8.5.6.1.2. Market Size and Forecast, by Rim Size
8.5.6.1.3. Market Size and Forecast, by Vehicle Type
8.5.6.1.4. Market Size and Forecast, by Distribution Channel
8.5.6.2. Middle East
8.5.6.2.1. Market Size and Forecast, by Season Type
8.5.6.2.2. Market Size and Forecast, by Rim Size
8.5.6.2.3. Market Size and Forecast, by Vehicle Type
8.5.6.2.4. Market Size and Forecast, by Distribution Channel
8.5.6.3. Africa
8.5.6.3.1. Market Size and Forecast, by Season Type
8.5.6.3.2. Market Size and Forecast, by Rim Size
8.5.6.3.3. Market Size and Forecast, by Vehicle Type
8.5.6.3.4. Market Size and Forecast, by Distribution Channel

Chapter 9: Company Profiles
9.1. Bridgestone Group
9.1.1. Company Overview
9.1.2. Company Snapshot
9.1.3. Operating Business Segments
9.1.4. Product Portfolio
9.1.5. Business Performance
9.1.6. Key Strategic Moves and Developments
9.1.7.4 P’S
9.1.8.3 C’S
9.1.9. Stp
9.1.10. Swot
9.2. Continental AG
9.2.1. Company Overview
9.2.2. Company Snapshot
9.2.3. Operating Business Segments
9.2.4. Product Portfolio
9.2.5. Business Performance
9.2.6. Key Strategic Moves and Developments
9.2.7.4 P’S
9.2.8.3 C’S
9.2.9. Stp
9.2.10. Swot
9.3. The Goodyear Tire & Rubber Company
9.3.1. Company Overview
9.3.2. Company Snapshot
9.3.3. Operating Business Segments
9.3.4. Product Portfolio
9.3.5. Business Performance
9.3.6. Key Strategic Moves and Developments
9.3.7.4 P’S
9.3.8.3 C’S
9.3.9. Stp
9.3.10. Swot
9.4. Hankook Tire & Technology Co. Ltd.
9.4.1. Company Overview
9.4.2. Company Snapshot
9.4.3. Business Performance
9.4.4. Key Strategic Moves and Developments
9.4.5.4 P’S
9.4.6.3 C’S
9.4.7. Stp
9.4.8. Swot
9.5. Michelin
9.5.1. Company Overview
9.5.2. Company Snapshot
9.5.3. Operating Business Segments
9.5.4. Product Portfolio
9.5.5. Business Performance
9.5.6. Key Strategic Moves and Developments
9.5.7.4 P’S
9.5.8.3 C’S
9.5.9. Stp
9.5.10. Swot
9.6. Nokian Yres plc.
9.6.1. Company Overview
9.6.2. Company Snapshot
9.6.3. Operating Business Segments
9.6.4. Business Performance
9.6.5. Key Strategic Moves and Developments
9.6.6.4 P’S
9.6.7.3 C’S
9.6.8. Stp
9.6.9. Swot
9.7. Pirelli & C. S. P. A
9.7.1. Company Overview
9.7.2. Company Snapshot
9.7.3. Product Portfolio
9.7.4. Business Performance
9.7.5. Key Strategic Moves and Developments
9.7.6.4 P’S
9.7.7.3 C’S
9.7.8. Stp
9.7.9. Swot
9.8. Sumitomo Rubber Industries Ltd.
9.8.1. Company Overview
9.8.2. Company Snapshot
9.8.3. Operating Business Segments
9.8.4. Product Portfolio
9.8.5. Business Performance
9.8.6. Key Strategic Moves and Developments
9.8.7.4 P’S
9.8.8.3 C’S
9.8.9. Stp
9.8.10. Swot
9.9. The Yokohama Rubber Co. Ltd.
9.9.1. Company Overview
9.9.2. Company Snapshot
9.9.3. Operating Business Segments
9.9.4. Product Portfolio
9.9.5. Business Performance
9.9.6. Key Strategic Moves and Developments
9.9.7.4 P’S
9.9.8.3 C’S
9.9.9. Stp
9.9.10. Swot
9.10. Toyo Tire Corporation
9.10.1. Company Overview
9.10.2. Company Snapshot
9.10.3. Operating Business Segments
9.10.4. Business Performance
9.10.5.4 P’S
9.10.6.3 C’S
9.10.7. Stp
9.10.8. Swot
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Bridgestone Corporation
  • Continental corporation
  • MICHELIN
  • Nokian Tyres plc
  • oyo Tire Corporation
  • MORE
According to the report titled, 'Automotive Tire Market by Season Type, Vehicle Type, Rim Size, and Distribution Channel,: Global Opportunity Analysis and Industry Forecast, 2020-2027.”The global automotive tire market was valued at $112.16 billion in 2019, and is projected to reach $154.40 billion by 2027, registering a CAGR of 4.1% from 2020 to 2027.By vehicle type, the passenger car segment was the highest revenue contributor in 2019, for $80.33 billion, and is estimated to reach $110.47 billion by 2027, registering a CAGR of 4.1% during the forecast period. In 2019, Asia-Pacific was anticipated to account for the major market share.

The Asia-Pacific region is dominating the market in term of revenue, followed by Europe, North America, and LAMEA. In Asia-Pacific, China dominated the automotive tire market in 2019, whereas India is expected to grow at a significant rate during the forecast period.

Tires are important for the vehicles, as they protect the wheel rim. The rapid growth of the automobile sector across all segments fuels the growth of the automotive tire market. There are prominent key factors that drive the growth of the automotive tire market such as rise in the competition among global tire manufacturers and an increase in the operating life of automobiles.

The market economy is also responsible for the growth of the automotive tire market. Countries such as China, India, Brazil, and South Africa are growing economies. Thus, the manufacturing sector is witnessing prominent growth in these countries, which is expected to provide lucrative opportunities for the growth of the automotive tire market. Moreover, improving economy results in an increase in the standard of living of consumers, which is why people consider vehicles as a necessary mode of transport. This change in the perception of consumers indirectly governs the tire market worldwide, especially in the developed countries. Also, in some undeveloped countries, there is an increase in the automobile sales, which is expected to boost the automotive tire market. In addition, an increase in the operating life of vehicles is anticipated to create after market opportunities for the growth of the global automotive tire market.

The global automotive tire market is driven by increase in automotive production & sales across different vehicles segment and rise in competition among tire manufacturers. In addition, introduction of advanced technology in the manufacturing process is anticipated to propel the growth of the automotive tire market. However, factors such as volatile prices of raw materials and growing market of retreading tires are expected to hamper the growth of the market. Further, advancement in technology and fuel efficiency and safety concerns coupled with the government support are expected to create numerous opportunities for the growth expansion.

Moreover, automobile manufacturers are inclining toward electric and alternative fuel vehicles due to implementation of vehicle emission regulations. The rise in production of commercial and passenger cars along with the new advanced technology creates a demand for the tire business globally. For instance, Bridgestone came up with new innovative tires 'Ecopia EP500 ologic”. These tire are based on 'Ologic technology', which uses synergies of large diameter in conjunction with smaller width. Furthermore, this solution improves fuel efficiency by reducing rolling resistance and environmental impacts. In addition, the Continental started offering different categorized tire as their product such as winter, all seasoned and summer to boost the sales of tire in the global market.

Key Findings Of The Study

In 2019, by season tire type, the all season type segment generated the highest revenue.
In 2019, by vehicle type, the passenger car segment was the highest revenue contributor.
In 2019, by rim size, the15-20 inch segment was the highest revenue contributor.
In 2019, by distribution channel, the after market segment was the highest revenue contributor.
In 2019, by region, Asia-Pacific contributed the highest revenue, followed by Europe, North America, and LAMEA.

The key players analyzed in the report include Bridgestone Corporation, Continental corporation, MICHELIN, Pirelli Tyre C. S.p.A. (China National Chemical Corporation), The Goodyear Tire & Rubber Company, Toyo Tire Corporation, Sumitomo Rubber Industries Ltd, The Yokohama Rubber Co., Ltd, Hankook Tire & Technology Co.,Ltd and NokianTyres plc.
Note: Product cover images may vary from those shown
  • Bridgestone Corporation
  • Continental corporation
  • MICHELIN
  • Pirelli Tyre C SpA (China National Chemical Corporation)
  • The Goodyear Tire & Rubber Company
  • oyo Tire Corporation
  • Sumitomo Rubber Industries Ltd
  • The Yokohama Rubber Co Ltd
  • Hankook Tire & Technology Co Ltd
  • Nokian Tyres plc
Note: Product cover images may vary from those shown

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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