The UK’s Automotive Tires Market is estimated to be USD 9.85 Bn in 2023 and is expected to reach USD 12.33 Bn by 2028, growing at a CAGR of 4.59%.
As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding growth and reducing the risks.
The analyst analyses the UK’s Automotive Tires Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.
Market Dynamics
Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding growth and reducing the risks.
Market Segmentations
The UK’s Automotive Tires Market is segmented based on Vehicle Type, Tube, Rim Size, Aspect Ratio, Section Width, Material, Sales Channel.- By Vehicle Type, the market is classified into Heavy Commercial Vehicle, Light Commercial Vehicle and Passenger Vehicle.
- By Tube, the market is classified into Tubed Tire and Tubeless Tire.
- By Rim Size, the market is classified into 13”-15”, 16”-18”, 19”-21”, and 21”-26”.
- By Aspect Ratio, the market is classified into < 60, 60-70, and 70-90.
- By Section Width, the market is classified into 200 MM, 200-230 MM, and230 MM.
- By Material, the market is classified into Natural Rubber and Synthetic Rubber.
- By Sales Channel, the market is classified into OEM and Aftermarket.
Company Profiles
The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Apollo Tyres, GB TYRES (UK) LTD, Nexen Tyre, Avon Tyre, Dunloop, C&S Tires UK Ltd., Cooper Tyres & Rubber Company, Continental Tire Ag, etc.Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for the UK’s Automotive Tires Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.The analyst analyses the UK’s Automotive Tires Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the UK’s Automotive Tires Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains a competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.
Report Highlights:
- A complete analysis of the market, including the parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Table of Contents
1 Report Description1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Analyst Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Increase in Number of Automobiles
4.1.2 Boosted Demand for Winter Tyres
4.1.3 Growing Awareness for Automotive Maintenance and Safety
4.2 Restraints
4.2.1 Stringent Government Regulations - Tire Safety Regulation, Tire Labeling Regulation, PAH Compliance, etc
4.2.2 Fluctuating Prices of Raw Material
4.3 Opportunities
4.3.1 Development of New Optimized Tyres
4.3.2 Reduce Emissions from Tire Raw Material Production
4.3.3 Launch of New Tyres
4.4 Challenges
4.4.1 Retreading Tires
4.4.2 Decline of the Spare Wheel to Free up Space and Weight
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 PESTLE Analysis
5.4 SWOT Analysis
5.5 Impact of Covid-19
5.6 Impact of Economic Slowdown & Impending Recession
5.7 Ansoff Matrix Analysis
6 UK’s Automotive Tires Market, By Vehicle Type
6.1 Introduction
6.2 Heavy Commercial Vehicle
6.3 Light Commercial Vehicle
6.4 Passenger Vehicle
7 UK’s Automotive Tires Market, By Tube
7.1 Introduction
7.2 Tubed Tire
7.3 Tubeless Tire
8 UK’s Automotive Tires Market, By Rim Size
8.1 Introduction
8.2 13”-15”
8.3 16”-18”
8.4 19”-21”
8.5 21”-26”
9 UK’s Automotive Tires Market, By Aspect Ratio
9.1 Introduction
9.2 < 60
9.3 60-70
9.4 70-90
10 IntroductionUK’s Automotive Tires Market, By Section Width
10.1 Introduction
10.2 200 MM
10.3 200-230 MM
10.4 >230 MM
11 IntroductionUK’s Automotive Tires Market, By Material
11.1 Introduction
11.2 Natural Rubber
11.3 Synthetic Rubber
12 UK’s Automotive Tires Market, By Sales Channel
12.1 Introduction
12.2 OEM
12.3 Aftermarket
13 Competitive Landscape
13.1 Competitive Quadrant
13.2 Market Share Analysis
13.3 Strategic Initiatives
13.3.1 M&A and Investments
13.3.2 Partnerships and Collaborations
13.3.3 Product Developments and Improvements
14 Company Profiles
14.1 Apollo Tyres
14.2 Avon Tyre
14.3 Bridgestone Corp.
14.4 C&S Tires UK Ltd.
14.5 Continental Tire Ag
14.6 Cooper Tyres & Rubber Co.
14.7 D&G
14.8 DMACK Tyres
14.9 Dunloop
14.10 Dunlop Aircraft Tyres
14.11 Firestone Tire and Rubber Co.
14.12 GB TYRES (UK) Ltd.
14.13 Goodyear
14.14 Hankook
14.15 Matador
14.16 Maxxis
14.17 Nexen Tyre
14.18 The British Rubber Co.
14.19 Zenises
15 Appendix
15.1 Questionnaire
Companies Mentioned
- Apollo Tyres
- Avon Tyre
- Bridgestone Corp.
- C&S Tires UK Ltd.
- Continental Tire Ag
- Cooper Tyres & Rubber Co.
- D&G
- DMACK Tyres
- Dunloop
- Dunlop Aircraft Tyres
- Firestone Tire and Rubber Co.
- GB TYRES (UK) Ltd.
- Goodyear
- Hankook
- Matador
- Maxxis
- Nexen Tyre
- The British Rubber Co.
- Zenises
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 189 |
| Published | January 2023 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value ( USD | $ 9.85 Billion |
| Forecasted Market Value ( USD | $ 12.33 Billion |
| Compound Annual Growth Rate | 4.5% |
| Regions Covered | United Kingdom |
| No. of Companies Mentioned | 19 |
