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Latin America Tire Aftermarket, Tire Replacement Market 2022-2028

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    Report

  • 103 Pages
  • January 2023
  • Region: Latin America
  • Triton Market Research
  • ID: 5715287

Rising disposable income is set to create opportunities for the tire aftermarket, tire replacement market

MARKET OUTLOOK

The publisher's report insinuates that the Latin America tire aftermarket, tire replacement market is expected to develop at a compound annual growth rate of 3.78% during the forecast years 2022-2028. Brazil, Mexico, and Rest of Latin America are evaluated in the given region.

In the region, Mexico is among the largest producer of automobiles owing to the availability of low-cost labor. Moreover, several US-based automakers are investing in the country, which is expected to elevate the need for tire aftermarket services. The country also witnessed a rise in the sale of luxury cars, given the implementation of advanced technologies. Such developments in the automotive industry are anticipated to create lucrative opportunities for the tire aftermarket, tire replacement market over the forecast period.

Likewise, Argentina's automotive industry has grown substantially over the past few years owing to the growing adoption of electric vehicles. The rise in per capita disposable income is a key factor that has elevated the sales of electric vehicles across the nation. The rise in favorable government policies also expands the automotive industry, ultimately boosting the tire aftermarket, tire replacement market.

COMPETITIVE OUTLOOK

The renowned players in the tire aftermarket, tire replacement market consist of Bridgestone Corporation, Continental AG, Sumitomo Rubber Industries Ltd, Toyo Tires, and Michelin.

Table of Contents

1. Latin America Tire Aftermarket, Tire Replacement Market - Summary

2. Industry Outlook
2.1. Key Insights
2.1.1. Growing Inclination Toward the Development of Airless Tires
2.1.2. Tire Customization and Personalization Accelerate Market Expansion
2.2. Impact of Covid-19 on the Tire Aftermarket, Tire Replacement Market
2.3. Porter's Five Forces Analysis
2.3.1. Threat of New Entrants
2.3.2. Threat of Substitutes
2.3.3. Bargaining Power of Buyers
2.3.4. Bargaining Power of Suppliers
2.3.5. Threat of Competitive Rivalry
2.4. Market Attractiveness Index
2.5. Vendor Scorecard
2.6. Key Market Strategies
2.6.1. Mergers & Acquisitions
2.6.2. Product Launches & Developments
2.6.3. Partnerships
2.6.4. Business Expansions & Divestitures
2.7. Market Drivers
2.7.1. Spike in Demand for Fuel-Efficient Tires
2.7.2. Mandatory Tire Labeling Norms
2.8. Market Challenge
2.8.1. Uncertainty in the Pricing of Automotive Raw Materials
2.9. Market Opportunity
2.9.1. Electric Vehicle Tire Replacement is a Lucrative Segment

3. Latin America Tire Aftermarket, Tire Replacement Market - by Tire Type
3.1. Radial Tire
3.2. Bias Tire

4. Latin America Tire Aftermarket, Tire Replacement Market - by Rim Size
4.1. 13- 15 Inches
4.2. 16 -18 Inches
4.3. 19-21 Inches
4.4. More Than 21 Inches

5. Latin America Tire Aftermarket, Tire Replacement Market - by Distribution Channel
5.1. Original Equipment Supplier (Oes)
5.2. Independent Aftermarket (Iam)

6. Latin America Tire Aftermarket, Tire Replacement Market - Country Outlook
6.1. Brazil
6.2. Mexico
6.3. Rest of Latin America

7. Competitive Landscape
7.1. Michelin
7.2. Bridgestone Corporation
7.3. Continental AG
7.4. Goodyear Tires
7.5. Pirelli & C Spa
7.6. Sumitomo Rubber Industries Ltd
7.7. Toyo Tires
7.8. The Yokohama Rubber Co Ltd
7.9. Apollo Tyres
7.10. Mrf
7.11. Ceat Limited
7.12. Nexen Tire Corporation
7.13. Hankook Tire & Technology Co Ltd
7.14. Jk Tyre
7.15. Maxxis

8. Research Methodology & Scope
8.1. Research Scope & Deliverables
8.2. Sources of Data
8.3. Research Methodology

List of Tables
Table 1: Latin America Tire Aftermarket, Tire Replacement Market, by Country Outlook, 2022-2028 (In $ Billion)
Table 2: Vendor Scorecard
Table 3: Lists the Mergers & Acquisitions
Table 4: List of Product Launches & Developments
Table 5: List of Partnerships
Table 6: List of Business Expansions & Divestitures
Table 7: Latin America Tire Aftermarket, Tire Replacement Market, by Country Outlook, 2022-2028 (In $ Billion)
Table 8: Latin America Tire Aftermarket, Tire Replacement Market, by Tire Type, 2022-2028 (In $ Billion)
Table 9: Latin America Tire Aftermarket, Tire Replacement Market, by Rim Size, 2022-2028 (In $ Billion)
Table 10: Latin America Tire Aftermarket, Tire Replacement Market, by Distribution Channel, 2022-2028 (In $ Billion)

List of Figures
Figure 1: Market Attractiveness Index
Figure 2: Latin America Tire Aftermarket, Tire Replacement Market, by Tire Type, 2021 & 2028 (In %)
Figure 3: Latin America Tire Aftermarket, Tire Replacement Market, by Radial Tire, 2022-2028 (In $ Billion)
Figure 4: Latin America Tire Aftermarket, Tire Replacement Market, by Bias Tire, 2022-2028 (In $ Billion)
Figure 5: Latin America Tire Aftermarket, Tire Replacement Market, by Rim Size, 2021 & 2028 (In %)
Figure 6: Latin America Tire Aftermarket, Tire Replacement Market, by 13- 15 Inches, 2022-2028 (In $ Billion)
Figure 7: Latin America Tire Aftermarket, Tire Replacement Market, by 16 -18 Inches, 2022-2028 (In $ Billion)
Figure 8: Latin America Tire Aftermarket, Tire Replacement Market, by 19 -21 Inches, 2022-2028 (In $ Billion)
Figure 9: Latin America Tire Aftermarket, Tire Replacement Market, More Than 21 Inches, 2022-2028 (In $ Billion)
Figure 10: Latin America Tire Aftermarket, Tire Replacement Market, by Distribution Channel, 2021 & 2028 (In %)
Figure 11: Latin America Tire Aftermarket, Tire Replacement Market, by Original Equipment Supplier (Oes), 2022-2028 (In $ Billion)
Figure 12: Latin America Tire Aftermarket, Tire Replacement Market, by Independent Aftermarket (Iam), 2022-2028 (In $ Billion)
Figure 13: Latin America Tire Aftermarket, Tire Replacement Market, by Country Outlook, 2021 & 2028 (In %)
Figure 14: Brazil Tire Aftermarket, Tire Replacement Market 2022-2028 (In $ Billion)
Figure 15: Mexico Tire Aftermarket, Tire Replacement Market 2022-2028 (In $ Billion)
Figure 16: Rest of Latin America Tire Aftermarket, Tire Replacement Market 2022-2028 (In $ Billion)

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Michelin
  • Bridgestone Corporation
  • Continental AG
  • Goodyear Tires
  • Pirelli & C Spa
  • Sumitomo Rubber Industries Ltd
  • Toyo Tires
  • the Yokohama Rubber Co Ltd
  • Apollo Tyres
  • Mrf
  • Ceat Limited
  • Nexen Tire Corporation
  • Hankook Tire & Technology Co Ltd
  • Jk Tyre
  • Maxxis

Methodology

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