+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Automotive Tire Aftermarket Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Tire Type, Distribution Channel and Rim Size

  • PDF Icon

    Report

  • 215 Pages
  • March 2022
  • Region: Global
  • The Insight Partners
  • ID: 5576249
According to the latest market research study on “Automotive Tire Aftermarket Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Tire Type, Distribution Channel, and Rim Size,” the market is expected to grow from US$ 105,869.22 million in 2021 to US$ 159,497.33 million by 2028; it is estimated to grow at a CAGR of 6.0% from 2020 to 2028.



After the lettering on the sidewall, every tire has a Department of Transportation (DOT) number. The final four numbers indicate the week and year the tires were manufactured; for example, the numerals 2321 indicate that the tires were manufactured during the 23rd week of 2021. The labels will be more visible and clearer to customers after new requirements regarding its display and the removal of unnecessary performance classes from the scale are fulfilled. The label's design will be modified, and snow and ice grip icons will be added. Retreaded tires are subject to the same regulations as other tires. Provisions for adding parameters on mileage and abrasion and requirements for retreaded tires will apply after the availability of a suitable testing method to measure the performance of such tires. This is expected to help reduce microplastics getting into the environment due to tire abrasion, which propels the growth of the automotive tire aftermarket market.

Impact of COVID-19 Pandemic on Global Automotive Tire Aftermarket Market


The US witnessed the most severe impact of the COVID-19 outbreak in 2020. The enactment of lockdowns and travel restrictions, shutdown of production facilities, and the shortage of employees have adversely affected the performances of automotive manufacturers in North America. The health and economic crisis led to major disruptions in the automotive tire industry, negatively impacting everything from supply chain and manufacturing to product sales. The COVID-19 pandemic has, directly and indirectly, hindered the industry’s short-term and long-term growth strategies. Also, automakers are rethinking their financial priorities due to the serious economic impact of the pandemic. Due to the decline in vehicle production and technological upgrading activities, they are choosing to divert funds and resources toward alternative revenue streams. However, progress in vaccination programs and the reopening of businesses and factories would stimulate the demand for cars, thereby boosting the demand for automotive tires for enhanced safety.

Key Findings of Study


The global Automotive Tire Aftermarket Market is segmented on the basis of tire type, distribution channel, rim size, and geography. On the basis of type, the global Automotive Tire Aftermarket market is divided into radial and bias. In 2020, Radial type segment expected to hold significant share in the global Automotive Tire Aftermarket market. On the basis of distribution channel, the global Automotive Tire Aftermarket market is bifurcated into OES and IAM. In 2020, OES distribution channel segment expected to hold significant share in the global Automotive Tire Aftermarket. On the basis of Rim Size, the global Automotive Tire Aftermarket is bifurcated into 13- 15, 16-18, 19-21, and More than 21. In 2020, 13- 15 Rim Size segment expected to hold significant share in the global Automotive Tire Aftermarket market. Geographically, the Automotive Tire Aftermarket Market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2020, Asia Pacific accounted for a significant share in the global Automotive Tire Aftermarket market.

Reasons to Buy
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global automotive tire aftermarket market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global automotive tire aftermarket market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Automotive Tire Aftermarket Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Automotive Tire Aftermarket Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Demand for Fuel-Efficient Tires
5.1.2 Stringent Government Regulations Regarding Tire Labelling
5.2 Market Restraints
5.2.1 Inconsistent Raw Material Prices
5.3 Market Opportunities
5.3.1 Surge in Adoption of Electric Vehicles
5.4 Future Trends
5.4.1 Growing Demand for Green Tires in Fleets
5.5 Impact Analysis of Drivers and Restraints
6. Automotive Tire Aftermarket - Global Market Analysis
6.1 Global Automotive Tire Aftermarket Market Overview
6.2 Global Automotive Tire Aftermarket Market Revenue Forecast and Analysis
6.3 Market Positioning - Five Key Players
7. Automotive Tire Aftermarket Market Analysis - By Tire Type
7.1 Overview
7.2 Automotive Tire Aftermarket Market, by Tire type (2020 And 2028)
7.3 Radial tire
7.3.1 Overview
7.3.2 Radial tire: Automotive Tire Aftermarket Market Revenue and Forecast To 2028 (US$ Million)
7.4 Bias tire
7.4.1 Overview
7.4.2 Bias tire: Automotive Tire Aftermarket Market Revenue and Forecast To 2028 (US$ Million)
8. Global Automotive Tire Aftermarket Market Analysis - By Distribution Channel
8.1 Overview
8.2 Automotive Tire Aftermarket Market, by Distribution channel (2020 and 2028)
8.3 OES
8.3.1 Overview
8.3.2 OES: Automotive Tire Aftermarket Market Revenue and Forecast To 2028 (US$ Million)
8.4 IAM
8.4.1 Overview
8.4.2 IAM: Automotive Tire Aftermarket Market Revenue and Forecast To 2028 (US$ Million)
9. Global Automotive Tire Aftermarket Market Analysis - By Rim Size
9.1 Overview
9.2 Automotive Tire Aftermarket Market, by Rim Size (2020 And 2028)
9.3-
9.3.1 Overview
9.3.2- 15: Automotive Tire Aftermarket Market Revenue and Forecast To 2028 (US$ Million)
9.4-18
9.4.1 Overview
9.4.2-18: Automotive Tire Aftermarket Market Revenue and Forecast To 2028 (US$ Million)
9.5-21
9.5.1 Overview
9.5.2-21: Automotive Tire Aftermarket Market Revenue and Forecast To 2028 (US$ Million)
9.6 More than
9.6.1 Overview
9.6.2 More than 21: Automotive Tire Aftermarket Market Revenue and Forecast To 2028 (US$ Million)
10. Automotive Tire Aftermarket Market - Geographic Analysis
10.1 Overview
10.2 North America: Automotive Tire Aftermarket Market
10.2.1 North America: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
10.2.2 North America: Automotive Tire Aftermarket Market, by Tire type
10.2.3 North America: Automotive Tire Aftermarket Market, by Distribution channel
10.2.4 North America: Automotive Tire Aftermarket Market, by Rim Size
10.2.5 North America: Automotive Tire Aftermarket Market, by Key Country
10.2.5.1 US: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
10.2.5.1.1 US: Automotive Tire Aftermarket Market, by Tire type
10.2.5.1.2 US: Automotive Tire Aftermarket Market, by Distribution channel
10.2.5.1.3 US: Automotive Tire Aftermarket Market, by Rim Size
10.2.5.2 Canada: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
10.2.5.2.1 Canada: Automotive Tire Aftermarket Market, by Tire type
10.2.5.2.2 Canada: Automotive Tire Aftermarket Market, by Distribution channel
10.2.5.2.3 Canada: Automotive Tire Aftermarket Market, by Rim Size
10.2.5.3 Mexico: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
10.2.5.3.1 Mexico: Automotive Tire Aftermarket Market, by Tire type
10.2.5.3.2 Mexico: Automotive Tire Aftermarket Market, by Distribution channel
10.2.5.3.3 Mexico: Automotive Tire Aftermarket Market, by Rim Size
10.3 Europe: Automotive Tire Aftermarket Market
10.3.1 Europe: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
10.3.2 Europe: Automotive Tire Aftermarket Market, by Tire type
10.3.3 Europe: Automotive Tire Aftermarket Market, by Distribution channel
10.3.4 Europe: Automotive Tire Aftermarket Market, by Rim Size
10.3.5 Europe: Automotive Tire Aftermarket Market, by Key Country
10.3.6 Germany: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
10.3.6.1.1 Germany: Automotive Tire Aftermarket Market, by Tire type
10.3.6.1.2 Germany: Automotive Tire Aftermarket Market, by Distribution channel
10.3.6.1.3 Germany: Automotive Tire Aftermarket Market, by Rim Size
10.3.7 France: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
10.3.7.1.1 France: Automotive Tire Aftermarket Market, by Tire type
10.3.7.1.2 France: Automotive Tire Aftermarket Market, by Distribution channel
10.3.7.1.3 France: Automotive Tire Aftermarket Market, by Rim Size
10.3.8 Italy: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
10.3.8.1.1 Italy: Automotive Tire Aftermarket Market, by Tire type
10.3.8.1.2 Italy: Automotive Tire Aftermarket Market, by Distribution channel
10.3.8.1.3 Italy: Automotive Tire Aftermarket Market, by Rim Size
10.3.8.2 UK: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
10.3.8.2.1 UK: Automotive Tire Aftermarket Market, by Tire type
10.3.8.2.2 UK: Automotive Tire Aftermarket Market, by Distribution channel
10.3.8.2.3 UK: Automotive Tire Aftermarket Market, by Rim Size
10.3.8.3 Russia: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
10.3.8.3.1 Russia: Automotive Tire Aftermarket Market, by Tire type
10.3.8.3.2 Russia: Automotive Tire Aftermarket Market, by Distribution channel
10.3.8.3.3 Russia: Automotive Tire Aftermarket Market, by Rim Size
10.3.8.4 Rest of Europe: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
10.3.8.4.1 Rest of Europe: Automotive Tire Aftermarket Market, by Tire type
10.3.8.4.2 Rest of Europe: Automotive Tire Aftermarket Market, by Distribution channel
10.3.8.4.3 Rest of Europe: Automotive Tire Aftermarket Market, by Rim Size
10.4 APAC: Automotive Tire Aftermarket Market
10.4.1 APAC: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
10.4.2 APAC: Automotive Tire Aftermarket Market, by Tire type
10.4.3 APAC: Automotive Tire Aftermarket Market, by Distribution channel
10.4.4 APAC: Automotive Tire Aftermarket Market, by Rim Size
10.4.5 APAC: Automotive Tire Aftermarket Market, by Key Country
10.4.5.1 Australia: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
10.4.5.1.1 Australia: Automotive Tire Aftermarket Market, by Tire type
10.4.5.1.2 Australia: Automotive Tire Aftermarket Market, by Distribution channel
10.4.5.1.3 Australia: Automotive Tire Aftermarket Market, by Rim Size
10.4.5.2 China: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
10.4.5.2.1 China: Automotive Tire Aftermarket Market, by Tire type
10.4.5.2.2 China: Automotive Tire Aftermarket Market, by Distribution channel
10.4.5.2.3 China: Automotive Tire Aftermarket Market, by Rim Size
10.4.5.3 India: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
10.4.5.3.1 India: Automotive Tire Aftermarket Market, by Tire type
10.4.5.3.2 India: Automotive Tire Aftermarket Market, by Distribution channel
10.4.5.3.3 India: Automotive Tire Aftermarket Market, by Rim Size
10.4.5.4 Japan: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
10.4.5.4.1 Japan: Automotive Tire Aftermarket Market, by Tire type
10.4.5.4.2 Japan: Automotive Tire Aftermarket Market, by Distribution channel
10.4.5.4.3 Japan: Automotive Tire Aftermarket Market, by Rim Size
10.4.5.5 South Korea: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
10.4.5.5.1 South Korea: Automotive Tire Aftermarket Market, by Tire type
10.4.5.5.2 South Korea: Automotive Tire Aftermarket Market, by Distribution channel
10.4.5.5.3 South Korea: Automotive Tire Aftermarket Market, by Rim Size
10.4.5.6 Rest of APAC: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
10.4.5.6.1 Rest of APAC: Automotive Tire Aftermarket Market, by Tire type
10.4.5.6.2 Rest of APAC: Automotive Tire Aftermarket Market, by Distribution channel
10.4.5.6.3 Rest of APAC: Automotive Tire Aftermarket Market, by Rim Size
10.5 MEA: Automotive Tire Aftermarket Market
10.5.1 MEA: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
10.5.2 MEA: Automotive Tire Aftermarket Market, by Tire type
10.5.3 MEA: Automotive Tire Aftermarket Market, by Distribution channel
10.5.4 MEA: Automotive Tire Aftermarket Market, by Rim Size
10.5.5 MEA: Automotive Tire Aftermarket Market, by Key Country
10.5.5.1 South Africa: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
10.5.5.1.1 South Africa: Automotive Tire Aftermarket Market, by Tire type
10.5.5.1.2 South Africa: Automotive Tire Aftermarket Market, by Distribution channel
10.5.5.1.3 South Africa: Automotive Tire Aftermarket Market, by Rim Size
10.5.5.2 UAE: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
10.5.5.2.1 UAE: Automotive Tire Aftermarket Market, by Tire type
10.5.5.2.2 UAE: Automotive Tire Aftermarket Market, by Distribution channel
10.5.5.2.3 UAE: Automotive Tire Aftermarket Market, by Rim Size
10.5.5.3 Saudi Arabia: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
10.5.5.3.1 Saudi Arabia: Automotive Tire Aftermarket Market, by Tire type
10.5.5.3.2 Saudi Arabia: Automotive Tire Aftermarket Market, by Distribution channel
10.5.5.3.3 Saudi Arabia: Automotive Tire Aftermarket Market, by Rim Size
10.5.5.4 Rest of MEA: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
10.5.5.4.1 Rest of MEA: Automotive Tire Aftermarket Market, by Tire type
10.5.5.4.2 Rest of MEA: Automotive Tire Aftermarket Market, by Distribution channel
10.5.5.4.3 Rest of MEA: Automotive Tire Aftermarket Market, by Rim Size
10.6 SAM: Automotive Tire Aftermarket Market
10.6.1 SAM: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
10.6.2 SAM: Automotive Tire Aftermarket Market, by Tire type
10.6.3 SAM: Automotive Tire Aftermarket Market, by Distribution channel
10.6.4 SAM: Automotive Tire Aftermarket Market, by Rim Size
10.6.5 SAM: Automotive Tire Aftermarket Market, by Key Country
10.6.5.1 Brazil: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
10.6.5.1.1 Brazil: Automotive Tire Aftermarket Market, by Tire type
10.6.5.1.2 Brazil: Automotive Tire Aftermarket Market, by Distribution channel
10.6.5.1.3 Brazil: Automotive Tire Aftermarket Market, by Rim Size
10.6.5.2 Argentina: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
10.6.5.2.1 Argentina: Automotive Tire Aftermarket Market, by Tire type
10.6.5.2.2 Argentina: Automotive Tire Aftermarket Market, by Distribution channel
10.6.5.2.3 Argentina: Automotive Tire Aftermarket Market, by Rim Size
10.6.5.3 Rest of SAM: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
10.6.5.3.1 Rest of SAM: Automotive Tire Aftermarket Market, by Tire type
10.6.5.3.2 Rest of SAM: Automotive Tire Aftermarket Market, by Distribution channel
10.6.5.3.3 Rest of SAM: Automotive Tire Aftermarket Market, by Rim Size
11. Automotive Tire Aftermarket Market - Covid-19 Impact Analysis
11.1 Overview
11.2 North America: Impact Assessment of Covid-19 Pandemic
11.3 Europe: Impact Assessment of Covid-19 Pandemic
11.4 Asia Pacific: Impact Assessment of Covid-19 Pandemic
11.5 Middle East & Africa: Impact Assessment of Covid-19 Pandemic
11.6 South America Impact Assessment of Covid-19 Pandemic
12. Automotive Tire Aftermarket Market-Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Development
13. Automotive Tire Aftermarket Market-Company Profiles
13.1 APOLLO TIRES LTD
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Continental AG
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 PIRELLI AND C. S.P.A.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Sumitomo Rubber Industries, Ltd.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 THE GOODYEAR TIRE AND RUBBER COMPANY
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 YOKOHAMA RUBBER CO., LTD
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 ZHONGCE RUBBER GROUP CO. LTD.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 NEXEN TIRE AMERICA INC
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 BRIDGESTONE CORPORATION
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 MICHELIN
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About the Publisher
14.2 Word Index
List of Tables
Table 1. Global Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: Automotive Tire Aftermarket Market, by Tire Type - Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Automotive Tire Aftermarket Market, by Distribution channel- Revenue and Forecast to 2028 (US$ Million)
Table 4. North America: Automotive Tire Aftermarket Market, by Rim Size - Revenue and Forecast to 2028 (US$ Million)
Table 5. North America: Automotive Tire Aftermarket Market Revenue Share, by Key Country (2020 and 2028)
Table 6. US: Automotive Tire Aftermarket Market, by Tire Type -Revenue and Forecast to 2028 (US$ Million)
Table 7. US: Automotive Tire Aftermarket Market, by Distribution channel-Revenue and Forecast to 2028 (US$ Million)
Table 8. US: Automotive Tire Aftermarket Market, by Rim Size-Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: Automotive Tire Aftermarket Market, by Tire Type -Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: Automotive Tire Aftermarket Market, by Distribution channel-Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada: Automotive Tire Aftermarket Market, by Rim Size-Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico: Automotive Tire Aftermarket Market, by Tire Type -Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico: Automotive Tire Aftermarket Market, by Distribution channel-Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico: Automotive Tire Aftermarket Market, by Rim Size-Revenue and Forecast to 2028 (US$ Million)
Table 15. Europe: Automotive Tire Aftermarket Market, by Tire Type - Revenue and Forecast to 2028 (US$ Million)
Table 16. Europe: Automotive Tire Aftermarket Market, by Distribution channel- Revenue and Forecast to 2028 (US$ Million)
Table 17. Europe: Automotive Tire Aftermarket Market, by Rim Size - Revenue and Forecast to 2028 (US$ Million)
Table 18. Europe: Automotive Tire Aftermarket Market Revenue Share, by Key Country (2020 and 2028)
Table 19. Germany: Automotive Tire Aftermarket Market, by Tire Type -Revenue and Forecast to 2028 (US$ Million)
Table 20. Germany: Automotive Tire Aftermarket Market, by Distribution channel-Revenue and Forecast to 2028 (US$ Million)
Table 21. Germany: Automotive Tire Aftermarket Market, by Rim Size-Revenue and Forecast to 2028 (US$ Million)
Table 22. France: Automotive Tire Aftermarket Market, by Tire Type -Revenue and Forecast to 2028 (US$ Million)
Table 23. France: Automotive Tire Aftermarket Market, by Distribution channel-Revenue and Forecast to 2028 (US$ Million)
Table 24. France: Automotive Tire Aftermarket Market, by Rim Size-Revenue and Forecast to 2028 (US$ Million)
Table 25. Italy: Automotive Tire Aftermarket Market, by Tire Type -Revenue and Forecast to 2028 (US$ Million)
Table 26. Italy: Automotive Tire Aftermarket Market, by Distribution channel-Revenue and Forecast to 2028 (US$ Million)
Table 27. Italy: Automotive Tire Aftermarket Market, by Rim Size-Revenue and Forecast to 2028 (US$ Million)
Table 28. UK: Automotive Tire Aftermarket Market, by Tire Type -Revenue and Forecast to 2028 (US$ Million)
Table 29. UK: Automotive Tire Aftermarket Market, by Distribution channel-Revenue and Forecast to 2028 (US$ Million)
Table 30. UK: Automotive Tire Aftermarket Market, by Rim Size-Revenue and Forecast to 2028 (US$ Million)
Table 31. Russia: Automotive Tire Aftermarket Market, by Tire Type -Revenue and Forecast to 2028 (US$ Million)
Table 32. Russia: Automotive Tire Aftermarket Market, by Distribution channel-Revenue and Forecast to 2028 (US$ Million)
Table 33. Russia: Automotive Tire Aftermarket Market, by Rim Size-Revenue and Forecast to 2028 (US$ Million)
Table 34. Rest of Europe: Automotive Tire Aftermarket Market, by Tire Type -Revenue and Forecast to 2028 (US$ Million)
Table 35. Rest of Europe: Automotive Tire Aftermarket Market, by Distribution channel-Revenue and Forecast to 2028 (US$ Million)
Table 36. Rest of Europe: Automotive Tire Aftermarket Market, by Rim Size-Revenue and Forecast to 2028 (US$ Million)
Table 37. APAC: Automotive Tire Aftermarket Market, by Tire Type - Revenue and Forecast to 2028 (US$ Million)
Table 38. APAC: Automotive Tire Aftermarket Market, by Distribution channel- Revenue and Forecast to 2028 (US$ Million)
Table 39. APAC: Automotive Tire Aftermarket Market, BY RIM SIZE - Revenue and Forecast to 2028 (US$ Million)
Table 40. APAC: Automotive Tire Aftermarket Market, by Country - Revenue and Forecast to 2028 (US$ Million)
Table 41. Australia: Automotive Tire Aftermarket Market, by Tire Type - Revenue and Forecast to 2028 (US$ Million)
Table 42. Australia: Automotive Tire Aftermarket Market, by Distribution channel- Revenue and Forecast to 2028 (US$ Million)
Table 43. Australia: Automotive Tire Aftermarket Market, by Rim Size-Revenue and Forecast to 2028 (US$ Million)
Table 44. China: Automotive Tire Aftermarket Market, by Tire Type - Revenue and Forecast to 2028 (US$ Million)
Table 45. China: Automotive Tire Aftermarket Market, by Distribution channel- Revenue and Forecast to 2028 (US$ Million)
Table 46. China: Automotive Tire Aftermarket Market, by Rim Size-Revenue and Forecast to 2028 (US$ Million)
Table 47. India: Automotive Tire Aftermarket Market, by Tire Type - Revenue and Forecast to 2028 (US$ Million)
Table 48. India: Automotive Tire Aftermarket Market, by Distribution channel- Revenue and Forecast to 2028 (US$ Million)
Table 49. India: Automotive Tire Aftermarket Market, by Rim Size-Revenue and Forecast to 2028 (US$ Million)
Table 50. Japan: Automotive Tire Aftermarket Market, by Tire Type - Revenue and Forecast to 2028 (US$ Million)
Table 51. Japan: Automotive Tire Aftermarket Market, by Distribution channel- Revenue and Forecast to 2028 (US$ Million)
Table 52. Japan: Automotive Tire Aftermarket Market, by Rim Size-Revenue and Forecast to 2028 (US$ Million)
Table 53. South Korea: Automotive Tire Aftermarket Market, by Tire Type - Revenue and Forecast to 2028 (US$ Million)
Table 54. South Korea: Automotive Tire Aftermarket Market, by Distribution channel- Revenue and Forecast to 2028 (US$ Million)
Table 55. South Korea: Automotive Tire Aftermarket Market, by Rim Size-Revenue and Forecast to 2028 (US$ Million)
Table 56. Rest of APAC: Automotive Tire Aftermarket Market, by Tire Type - Revenue and Forecast to 2028 (US$ Million)
Table 57. Rest of APAC: Automotive Tire Aftermarket Market, by Distribution channel- Revenue and Forecast to 2028 (US$ Million)
Table 58. Rest of APAC: Automotive Tire Aftermarket Market, by Rim Size-Revenue and Forecast to 2028 (US$ Million)
Table 59. MEA: Automotive Tire Aftermarket Market, by Tire Type - Revenue and Forecast to 2028 (US$ Million)
Table 60. MEA: Automotive Tire Aftermarket Market, by Distribution channel- Revenue and Forecast to 2028 (US$ Million)
Table 61. MEA: Automotive Tire Aftermarket Market, BY DISTRIBUTION CHANNEL - Revenue and Forecast to 2028 (US$ Million)
Table 62. MEA: Automotive Tire Aftermarket Market, by Country - Revenue and Forecast to 2028 (US$ Million)
Table 63. South Africa: Automotive Tire Aftermarket Market, by Tire Type - Revenue and Forecast to 2028 (US$ Million)
Table 64. South Africa: Automotive Tire Aftermarket Market, by Distribution channel- Revenue and Forecast to 2028 (US$ Million)
Table 65. South Africa: Automotive Tire Aftermarket Market, by Rim Size-Revenue and Forecast to 2028 (US$ Million)
Table 66. UAE: Automotive Tire Aftermarket Market, by Tire Type - Revenue and Forecast to 2028 (US$ Million)
Table 67. UAE: Automotive Tire Aftermarket Market, by Distribution channel- Revenue and Forecast to 2028 (US$ Million)
Table 68. UAE: Automotive Tire Aftermarket Market, by Rim Size-Revenue and Forecast to 2028 (US$ Million)
Table 69. Saudi Arabia: Automotive Tire Aftermarket Market, by Tire Type - Revenue and Forecast to 2028 (US$ Million)
Table 70. Saudi Arabia: Automotive Tire Aftermarket Market, by Distribution channel- Revenue and Forecast to 2028 (US$ Million)
Table 71. Saudi Arabia: Automotive Tire Aftermarket Market, by Rim Size-Revenue and Forecast to 2028 (US$ Million)
Table 72. Rest of MEA: Automotive Tire Aftermarket Market, by Tire Type - Revenue and Forecast to 2028 (US$ Million)
Table 73. Rest of MEA: Automotive Tire Aftermarket Market, by Distribution channel- Revenue and Forecast to 2028 (US$ Million)
Table 74. Rest of MEA: Automotive Tire Aftermarket Market, by Rim Size-Revenue and Forecast to 2028 (US$ Million)
Table 75.
Table 76. SAM: Automotive Tire Aftermarket Market, by Distribution channel- Revenue and Forecast to 2028 (US$ Million)
Table 77. SAM: Automotive Tire Aftermarket Market, BY DISTRIBUTION CHANNEL - Revenue and Forecast to 2028 (US$ Million)
Table 78. SAM: Automotive Tire Aftermarket Market, by Powertrain Tire Type - by Country (UNITS IN MILLION)
Table 79. Brazil: Automotive Tire Aftermarket Market, by Tire Type -Revenue and Forecast to 2028 (US$ Million)
Table 80. Brazil: Automotive Tire Aftermarket Market, by Distribution channel-Revenue and Forecast to 2028 (US$ Million)
Table 81. Brazil: Automotive Tire Aftermarket Market, by Rim Size-Revenue and Forecast to 2028 (US$ Million)
Table 82. Argentina: Automotive Tire Aftermarket Market, by Tire Type -Revenue and Forecast to 2028 (US$ Million)
Table 83. Argentina: Automotive Tire Aftermarket Market, by Distribution channel-Revenue and Forecast to 2028 (US$ Million)
Table 84. Argentina: Automotive Tire Aftermarket Market, by Rim Size-Revenue and Forecast to 2028 (US$ Million)
Table 85. Rest of SAM: Automotive Tire Aftermarket Market, by Tire Type -Revenue and Forecast to 2028 (US$ Million)
Table 86. Rest of SAM: Automotive Tire Aftermarket Market, by Distribution channel-Revenue and Forecast to 2028 (US$ Million)
Table 87. Rest of SAM: Automotive Tire Aftermarket Market, by Rim Size-Revenue and Forecast to 2028 (US$ Million)
Table 88. List of Abbreviation
List of Figures
Figure 1. Automotive Tire Aftermarket Market Segmentation
Figure 2. Automotive Tire Aftermarket Market Segmentation - By Geography
Figure 3. Global Automotive Tire Aftermarket Market Overview
Figure 4. Automotive Tire Aftermarket Market, by Tire type
Figure 5. Automotive Tire Aftermarket Market, by Distribution channel
Figure 6. Automotive Tire Aftermarket Market, by Rim Size
Figure 7. Automotive Tire Aftermarket Market, by Geography
Figure 8. North America: PEST Analysis
Figure 9. Europe: PEST Analysis
Figure 10. APAC: PEST Analysis
Figure 11. MEA: PEST Analysis
Figure 12. SAM: PEST Analysis
Figure 13. Automotive Tire Aftermarket Market- Ecosystem Analysis
Figure 14. Automotive Tire Aftermarket Market Impact Analysis of Drivers and Restraints
Figure 15. Geographic Overview of Automotive Tire Aftermarket Market
Figure 16. Global Automotive Tire Aftermarket Market Revenue Forecast and Analysis (US$ Million)
Figure 17. Automotive Tire Aftermarket Market, by Tire type (2020 And 2028)
Figure 18. Radial tire: Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Bias tire: Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Automotive Tire Aftermarket Market, by Distribution channel (2020 and 2028)
Figure 21. OES: Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. IAM: Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Automotive Tire Aftermarket Market, by Rim Size (2020 and 2028)
Figure 24.- 15 Radial tire: Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Figure 25.-18: Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Figure 26.-21 : Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. More than 21: Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Automotive Tire Aftermarket Market Revenue Share, by region (2020 and 2028)
Figure 29. North America: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
Figure 30. North America: Automotive Tire Aftermarket Market Revenue Share, By Tire type (2020 And 2028)
Figure 31. NORTH AMERICA: Automotive Tire Aftermarket Market REVENUE SHARE, BY DISTRIBUTION CHANNEL (2020 AND 2028)
Figure 32. NORTH AMERICA: Automotive Tire Aftermarket Market REVENUE SHARE, BY RIM SIZE (2020 AND 2028)
Figure 33. North America: Automotive Tire Aftermarket Market Revenue Share, by Key Country (2020 and 2028)
Figure 34. US: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
Figure 35. Canada: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
Figure 36. Mexico: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
Figure 37. Europe: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
Figure 38. Europe: Automotive Tire Aftermarket Market Revenue Share, By Tire type (2020 And 2028)
Figure 39. Europe: Automotive Tire Aftermarket Market REVENUE SHARE, BY DISTRIBUTION CHANNEL (2020 AND 2028)
Figure 40. EUROPE: Automotive Tire Aftermarket Market REVENUE SHARE, BY RIM SIZE (2020 AND 2028)
Figure 41. Europe: Automotive Tire Aftermarket Market Revenue Share, by Key Country (2020 and 2028)
Figure 42. Germany: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
Figure 43. France: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
Figure 44. Italy: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
Figure 45. UK: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
Figure 46. Russia: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
Figure 47. Rest of Europe: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
Figure 48. APAC: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
Figure 49. APAC: Automotive Tire Aftermarket Market Revenue Share, by Tire type (2020 and 2028)
Figure 50. APAC: Automotive Tire Aftermarket Market Revenue Share, By Distribution channel (2020 and 2028)
Figure 51. APAC: Automotive Tire Aftermarket Market Revenue Share, By Rim Size (2020 and 2028)
Figure 52. APAC: Automotive Tire Aftermarket Market Revenue Share, by Key Country (2020 and 2028)
Figure 53. Australia: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
Figure 54. China: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
Figure 55. India: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
Figure 56. Japan: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
Figure 57. South Korea: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
Figure 58. Rest of APAC: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
Figure 59. MEA: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
Figure 60. MEA: Automotive Tire Aftermarket Market Revenue Share, by Tire type (2022 and 2028)
Figure 61. MEA: Automotive Tire Aftermarket Market Revenue Share, By Distribution channel (2022 and 2028)
Figure 62. MEA: Automotive Tire Aftermarket Market Revenue Share, By Rim Size (2022 and 2028)
Figure 63. MEA: Automotive Tire Aftermarket Market Revenue Share, by Key Country (2022 and 2028)
Figure 64. South Africa: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
Figure 65. UAE: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
Figure 66. Saudi Arabia: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
Figure 67. Rest of MEA: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
Figure 68. SAM: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
Figure 69. SAM: Automotive Tire Aftermarket Market Revenue Share, by Tire type (2022 and 2028)
Figure 70. SAM: Automotive Tire Aftermarket Market Revenue Share, By Distribution channel (2022 and 2028)
Figure 71. SAM: Automotive Tire Aftermarket Market Revenue Share, By Rim Size (2022 and 2028)
Figure 72. SAM: Automotive Tire Aftermarket Market Revenue Share, by Key Country (2021 and 2028)
Figure 73. Brazil: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
Figure 74. Argentina: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
Figure 75. Rest of SAM: Automotive Tire Aftermarket Market - Revenue and Forecast to 2028 (US$ Million)
Figure 76. Impact of Covid-19 Pandemic in North American Country Markets
Figure 77. Impact of Covid-19 Pandemic in Europe Country Markets
Figure 78. Impact of Covid-19 Pandemic in Asia Pacific Country Markets
Figure 79. Impact of Covid-19 Pandemic in Middle East & Africa Country Markets
Figure 80. Impact of Covid-19 Pandemic in South America Country Markets

Executive Summary

The global automotive tire aftermarket market is expected to grow from US$ 105,869.22 million in 2021 to US$ 159,497.33 million by 2028; it is estimated to grow at a CAGR of 6.0% from 2021 to 2028.

For many reasons, electric vehicles require specific tires. According to the vehicle manufacturer, its tire must have greater weight than internal combustion cars and transmit more torque to the road when driving after a halt. Tire noise is more noticeable in electric cars than internal combustion vehicles because of their near-silent powertrains, mainly hidden by engine noise. The introduction of electric vehicles and their significantly lower propulsion noise emission allow assessing tire-road noise with higher accuracy via cruise-by measurements, even at speeds where a combustion engine propulsion system would usually disturb the measurement results. The rolling resistance rating provided by the European Union tire label has been used as the primary selection criterion for potential tires for EVs. The second selection criterion represented the tire label rating for wet grip, whereas a lower rating implies a shorter braking distance. For instance, Pirelli, an Italian tire manufacturer, announced a new high load (HL) index tire that will debut on the upcoming Lucid Air sedan. This HL tire was designed specifically for electric cars and SUVs to support the heavier weight of batteries while maintaining a low rolling resistance. This will provide lucrative opportunities for the growth of the automotive tire aftermarket market during the forecast period.

Governments of various countries are enforcing several stringent regulations for vehicles and vehicle manufacturers. As a result, tire manufacturers have adopted environment-friendly raw materials without compromising on lighter tires, which significantly reduces vehicle weight, thus providing higher fuel efficiency and less consumption. Major players in the Automotive Tire Aftermarket are constantly working on various technologies. For instance, in 2019, Sumitomo Rubber Industries, Ltd. and Kansai University have developed a new technology to generate electric power from a tire's rotation. The tire uses the build-up of static electricity, also known as frictional charging, to produce power from tires rotation. In 2020, Goodyear developed a self-generating design to extend the life of tires, making them more adaptable to several conditions. The Goodyear reCharge tire concept utilizes a tread that can be replenished using fluid-filled capsules. The tread compound is made of biological material and reinforced with fibers based on spider silk. Therefore, the growing demand for green tires will propel the growth of the automotive tire aftermarket.

After the lettering on the sidewall, every tire has a Department of Transportation (DOT) number. The final four numbers indicate the week and year the tires were manufactured; for example, the numerals 2321 indicate that the tires were manufactured during the 23rd week of 2021. The labels will be more visible and clearer to customers after new requirements regarding its display and the removal of unnecessary performance classes from the scale are fulfilled. The label's design will be modified, and snow and ice grip icons will be added. Retreaded tires are subject to the same regulations as other tires. Provisions for adding parameters on mileage and abrasion and requirements for retreaded tires will apply after the availability of a suitable testing method to measure the performance of such tires. This is expected to help reduce microplastics getting into the environment due to tire abrasion and thereby, leads to growth of the automotive tire aftermarket.

The growth of economies, and improvements in production and manufacturing infrastructures, especially in developing countries, have bolstered the growth of the automotive tire aftermarket. This growth encourages the global automotive tire aftermarket. After witnessing a significant drop in 2020 due to the COVID-19 pandemic, the automotive tire aftermarket has been experiencing a gradual recovery in consumer demand for trucks and cars since the last quarter of 2020. According to several automotive industry associations and organizations, the automotive sector recorded ~20–25% loss in production and more than 30% loss in sales in 2020. The automotive tire aftermarket manufacturers observed significant tremors in 2020 owing to the decline in automotive manufacturing. Automotive sales in Europe and the US are anticipated to rebound to pre-COVID-19 pandemic levels by 2023, while China’s rebound continues to accelerate, with the potential to approach 30 million new vehicles by 2025.

APOLLO TIRES LTD; Continental AG; PIRELLI AND C. S.P.A.; Sumitomo Rubber Industries, Ltd.; THE GOODYEAR TIRE AND RUBBER COMPANY; YOKOHAMA RUBBER CO., LTD; ZHONGCE RUBBER GROUP CO. LTD.; NEXEN TIRE AMERICA INC; BRIDGESTONE CORPORATION; and MICHELIN are a few key companies operating in the automotive tire aftermarket. The report comprises secondary research work on other companies that hold a significant automotive tire aftermarket share.

The overall automotive tire aftermarket size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the automotive tire aftermarket with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the automotive tire aftermarket. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the automotive tire aftermarket.

Companies Mentioned (Partial List)

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

  • Apoll- Tires Ltd
  • Continental AG
  • Pirelli and C. S.P.A.
  • Sumitom- Rubber Industries, Ltd.
  • The Goodyear Tire and Rubber Company
  • Yokohama Rubber Co. Ltd
  • Zhongce Rubber Group Co. Ltd.
  • Nexen Tire America Inc
  • Bridgestone Corporation
  • Michelin

Table Information