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Automotive Tires Analysis and Global Forecast (2020-2028) with COVID Impact Analysis

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Automotive Tires Market By Season Type (Summer, Winter And All Season), By Vehicle Type (Passenger Car, Commercial Vehicle, Light Commercial, Heavy Commercial, And Electric Vehicle), By Rim Size (Less Than 15 Inch, 15 To 20 Inch, And More Than 20 Inch), By Distribution Channel (OEM and Aftermarket) And By Geography:  Global Trends, Opportunities And Forecast- 2020 to 2028

Report Code: EB_AT_1202 | Page: 162 | Report Status: Upcoming

Categories: Automotive, Material Tags: Automotive Tire Market, Automotive Tire Market Analysis, Automotive Tire Market Forecast, Automotive Tire Market Size, Automotive Tire Market Trends
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  • Table of Content
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  • Research Methodology
Description

The global automotive tires market size is expected to reach $148.26 Billion by 2028 growing at the CAGR of 4.33% from 2021 to 2028. An automotive tire is the circular vehicle component that is made of rubber and is used to cover the wheel’s rim externally. The main function of the tire is to protect the wheel rim and provide traction force between the road surface and the vehicle. As it is manufactured from rubber, it additionally provides a flexible cushion, hence lowering the impact of the vibrations and absorbs the shock of the vehicle. The rubber tire is made of thread, beads, jointless cap piles, and other materials such as fabric, synthetic rubber, and carbon black.

Parameters Indicators
Market Size (2020) $148.26 Billion
CAGR (2021 to 2028) 4.33%
Market Classificationt Season Type, Vehicle Type, Rim Size, Distribution Channel
Key Companies Profiled Bridgestone Corporation, Continental, Michelin, Pirelli Tyre C, The Goodyear Tire & Rubber Company, Toyo Tire Corporation, Sumitomo Rubber Industries Ltd, The Yokohama Rubber Co. Ltd, Hankook Tire & Technology Co. Ltd, Nokian Tyres
Key Countries/Regions Analyzed US, Canada, Mexico, UK, Germany, France, Italy, Rest of Europe, China, India, Japan, South Korea, Rest of Asia Pacific, Middle East & Africa, and South America
Base Year 2020
Estimated Year 2021
Forecast Years 2022 to 2028

Driving Factors

The factors driving the growth of the global automotive tire market include increasing demand for vehicle production to cater to the rise in the need for vehicles across all segments. In addition to this, intense competition among tire manufacturers and the introduction of advanced technology in the manufacturing process is expected to boost the growth of the automotive tire market.

Growth in automotive production and sales across various vehicle segments

The automobile industry has thrived over the years owing to rapid industrialization which has resulted in the rise in the sale of commercial vehicles which includes trailers, tractors, and trucks. Furthermore, the rising in disposable income of people and improvements in the standard of living is responsible for the surge in the sale of luxurious passenger cars and premium bike segments. In addition to this, electric vehicles sales are estimated to rise drastically during the forecast period. Reduction in the prices of electric vehicle parts which includes alternators, batteries, and transmission, boosts the sale of electric vehicles. Therefore, the surge in demand for vehicles across all segments among consumers increases the production of automobiles and tires associated with it.

Restraining factors

The factors restraining the growth of the global automotive tire market include fluctuating prices of raw materials and developments in the market of rereading tires.

Key Insight in the report:

The Global Automotive Tires market report covers Executive Summary, Market Dynamics, Trend Analysis, Market Size and Forecast, Competitive Intelligence, Market Positioning, Product Benchmarking, and Opportunity Analysis.

The report covers extensive competitive intelligence which includes the following data points:

  • Business Overview
  • Business Model
  • Financial Data
  • Financial – Existing
  • Financial – Funding
  • Product Segment Analysis and specification
  • Recent Development and Company Strategy Analysis
  • SWOT Analysis

Automotive Tires Market Segmentation

Automotive Tire Market

Automotive Tire Market

The report covers automotive tires market size and forecasting at the country level as well as at the segment level. Automotive Tires Market analysis across below-mentioned different 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 Inch
  • 15 to 20 Inch
  • More than 20 Inch

By Distribution Channel

  • OEM
  • Aftermarket

Regional analysis

Asia Pacific dominates the global automotive tire market owing to the presence of leading tire manufacturers in the region, such as BMW AG and Volkswagen Group. In addition to this, factors such as low cost of production, government initiatives for FDIs, and lenient emission & safety norms have increased the investment in the Asia Pacific region. Furthermore, Asia- Oceania has some of the biggest tire manufacturers such as Hankook Tires, Bridgestone Corporation, and many more in the region. Europe is estimated to grow at a high CAGR due to increasing demand from the major markets of the European Union.

The Automotive Tires Market is analyzed across the below mentioned region.

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Rest of Asia Pacific
  • Rest of the World

Automotive Tires Market Players:

Some of the key players in the Automotive Tires Market include:

  • Bridgestone Corporation
  • Continental
  • Michelin
  • Pirelli Tyre C.
  • The Goodyear Tire & Rubber Company
  • Toyo Tire Corporation
  • Sumitomo Rubber Industries Ltd
  • The Yokohama Rubber Co. Ltd
  • Hankook Tire & Technology Co. Ltd.
  • Nokian Tyres

REPORT CONTENT BRIEF:

  • High-level analysis of the current and future Automotive Tires market trends and opportunities
  • Detailed analysis on current market drivers, restraining factors, and opportunities in the future
  • Automotive Tires market historical market size for year 2020, and forecast from 2021 to 2028
  • Automotive Tires market share analysis at each product level
  • Competitor analysis with a detailed insight into its product segment, financial strength, and strategies adopted.
  • Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations and partnerships as well as funding taken and investment done, among others.

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    Press Release

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    Table of Content

    Table of Content

    Chapter 1.   Executive Summary

    Chapter 2.   Scope Of The Study

                         2.1.   Market Definition

                         2.2.   Scope Of The Study

                                   2.2.1.   Objectives of Report

                                   2.2.2.   Limitations

                         2.3.   Market Structure

    Chapter 3.   Evolve BI Methodology

    Chapter 4.   Market Insights and Trends

                         4.1.   Supply/ Value Chain Analysis

                                   4.1.1.   Raw Material Providers

                                   4.1.2.   Manufacturing Process

                                   4.1.3.   Distributors/Retailers

                                   4.1.4.   End Users

                         4.2.   Porter’s Five Forces Analysis

                                   4.2.1.   Threat Of New Entrants

                                   4.2.2.   Bargaining Power Of Buyers

                                   4.2.3.   Bargaining Power Of Suppliers

                                   4.2.4.   Threat Of Substitutes

                                   4.2.5.   Industry Rivalry

                         4.3.   Impact Of COVID-19 on Automotive Tires Market

                                   4.3.1.   Impact on Market Size

                                   4.3.2.   End User Trend, Preferences and Budget Impact

                                   4.3.3.   Regulatory Framework/Government Policies

                                   4.3.4.   Key Players Strategy to Tackle Negative Impact

                                   4.3.5.   Opportunity Window

                         4.4.   Technology Overview

                         4.5.   Macro factor

                         4.6.   Micro Factor

                            4.7.   Demand Supply Gap Analysis of Automotive Tires Market

                            4.8.   Import Analysis of Automotive Tires Market

                            4.9.   Export Analysis of Automotive Tires Market

    Chapter 5.   Market Dynamics

                         5.1.   Introduction

                         5.2.   DROC Analysis

                                   5.2.1.   Drivers

                                   5.2.2.   Restraints

                                   5.2.3.   Opportunities

                                   5.2.4.   Challenges

                         5.3.   Patent Analysis

                         5.4.   Industry Roadmap

                         5.5.   Parent/Peer Market Analysis

    Chapter 6.   Global Automotive Tire Market, By Season Type

                         6.1.   Introduction

                         6.2.   Summer

                         6.3.   Winter

                         6.4.   All Season

    Chapter 7.   Global Automotive Tire Market, By Vehicle Type

                         7.1.   Introduction

                         7.2.   Passenger Car

                         7.3.   Commercial Vehicle

                         7.4.   Light Commercial

                         7.5.   Heavy Commercial

                         7.6.   Electric Vehicle

    Chapter 8.   Global Automotive Tire Market, By Rim Size

                         8.1.   Introduction

                         8.2.   Less than 15 Inch

                         8.3.   15 to 20 Inch

                         8.4.   More than 20 Inch

    Chapter 9.   Global Automotive Tire Market, By Distribution Channel

                         9.1.   Introduction

                         9.2.   OEM

                         9.3.   Aftermarket

    Chapter 10.   Global Automotive Tire Market, By Region

                         10.1.   Introduction

                         10.2.   North America

                                   10.2.1.   Introduction

                                   10.2.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                   10.2.3.   Market Size and Forecast, By Country, 2020 - 2028

                                   10.2.4.   Market Size and Forecast, By Season Type, 2020 - 2028

                                   10.2.5.   Market Size and Forecast, By Vehicle Type, 2020 - 2028

                                   10.2.6.   Market Size and Forecast, By Rim Size, 2020 – 2028

                                   10.2.7.   Market Size and Forecast, By Distribution Channel, 2020 – 2028

                                   10.2.8.   US

                                                  10.2.8.1.   Introduction

                                                  10.2.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  10.2.8.3.   Market Size and Forecast, By Season Type, 2020 - 2028

                                                  10.2.8.4.   Market Size and Forecast, By Vehicle Type, 2020 - 2028

                                                  10.2.8.5.   Market Size and Forecast, By Rim Size, 2020 – 2028

                                                  10.2.8.6.   Market Size and Forecast, By Distribution Channel, 2020 - 2028

                                   10.2.9.   Canada

                                                  10.2.9.1.   Introduction

                                                  10.2.9.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  10.2.9.3.   Market Size and Forecast, By Season Type, 2020 - 2028

                                                  10.2.9.4.   Market Size and Forecast, By Vehicle Type, 2020 - 2028

                                                  10.2.9.5.   Market Size and Forecast, By Rim Size, 2020 – 2028

                                                  10.2.9.6.   Market Size and Forecast, By Distribution Channel, 2020 - 2028

                         10.3.   Europe

                                   10.3.1.   Introduction

                                   10.3.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                   10.3.3.   Market Size and Forecast, By Country, 2020 - 2028

                                   10.3.4.   Market Size and Forecast, By Season Type, 2020 - 2028

                                   10.3.5.   Market Size and Forecast, By Vehicle Type, 2020 - 2028

                                   10.3.6.   Market Size and Forecast, By Rim Size, 2020 – 2028

                                   10.3.7.   Market Size and Forecast, By Distribution Channel, 2020 – 2028

                                   10.3.8.   Germany

                                                  10.3.8.1.   Introduction

                                                  10.3.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  10.3.8.3.   Market Size and Forecast, By Season Type, 2020 - 2028

                                                  10.3.8.4.   Market Size and Forecast, By Vehicle Type, 2020 - 2028

                                                  10.3.8.5.   Market Size and Forecast, By Rim Size, 2020 – 2028

                                                  10.3.8.6.   Market Size and Forecast, By Distribution Channel, 2020 - 2028

                                   10.3.9.   France

                                                  10.3.9.1.   Introduction

                                                  10.3.9.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  10.3.9.3.   Market Size and Forecast, By Season Type, 2020 - 2028

                                                  10.3.9.4.   Market Size and Forecast, By Vehicle Type, 2020 - 2028

                                                  10.3.9.5.   Market Size and Forecast, By Rim Size, 2020 – 2028

                                                  10.3.9.6.   Market Size and Forecast, By Distribution Channel, 2020 - 2028

                                   10.3.10.   UK

                                                  10.3.10.1.   Introduction

                                                  10.3.10.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  10.3.10.3.   Market Size and Forecast, By Season Type, 2020 - 2028

                                                  10.3.10.4.   Market Size and Forecast, By Vehicle Type, 2020 - 2028

                                                  10.3.10.5.   Market Size and Forecast, By Rim Size, 2020 – 2028

                                                  10.3.10.6.   Market Size and Forecast, By Distribution Channel, 2020 - 2028

                                   10.3.11.   Italy

                                                  10.3.11.1.   Introduction

                                                  10.3.11.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  10.3.11.3.   Market Size and Forecast, By Season Type, 2020 - 2028

                                                  10.3.11.4.   Market Size and Forecast, By Vehicle Type, 2020 - 2028

                                                  10.3.11.5.   Market Size and Forecast, By Rim Size, 2020 – 2028

                                                  10.3.11.6.   Market Size and Forecast, By Distribution Channel, 2020 - 2028

                                   10.3.12.   Rest Of Europe

                                                  10.3.12.1.   Introduction

                                                  10.3.12.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  10.3.12.3.   Market Size and Forecast, By Season Type, 2020 - 2028

                                                  10.3.12.4.   Market Size and Forecast, By Vehicle Type, 2020 - 2028

                                                  10.3.12.5.   Market Size and Forecast, By Rim Size, 2020 – 2028

                                                  10.3.12.6.   Market Size and Forecast, By Distribution Channel, 2020 - 2028

                         10.4.   Asia-Pacific

                                   10.4.1.   Introduction

                                   10.4.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                   10.4.3.   Market Size and Forecast, By Country, 2020 - 2028

                                   10.4.4.   Market Size and Forecast, By Season Type, 2020 - 2028

                                   10.4.5.   Market Size and Forecast, By Vehicle Type, 2020 - 2028

                                   10.4.6.   Market Size and Forecast, By Rim Size, 2020 – 2028

                                   10.4.7.   Market Size and Forecast, By Distribution Channel, 2020 - 2028

                                   10.4.8.   China

                                                  10.4.8.1.   Introduction

                                                  10.4.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  10.4.8.3.   Market Size and Forecast, By Season Type, 2020 - 2028

                                                  10.4.8.4.   Market Size and Forecast, By Vehicle Type, 2020 - 2028

                                                  10.4.8.5.   Market Size and Forecast, By Rim Size, 2020 – 2028

                                                  10.4.8.6.   Market Size and Forecast, By Distribution Channel, 2020 - 2028

                                   10.4.9.   India

                                                  10.4.9.1.   Introduction

                                                  10.4.9.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  10.4.9.3.   Market Size and Forecast, By Season Type, 2020 - 2028

                                                  10.4.9.4.   Market Size and Forecast, By Vehicle Type, 2020 - 2028

                                                  10.4.9.5.   Market Size and Forecast, By Rim Size, 2020 – 2028

                                                  10.4.9.6.   Market Size and Forecast, By Distribution Channel, 2020 - 2028

                                   10.4.10.   Japan

                                                  10.4.10.1.   Introduction

                                                  10.4.10.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  10.4.10.3.   Market Size and Forecast, By Season Type, 2020 - 2028

                                                  10.4.10.4.   Market Size and Forecast, By Vehicle Type, 2020 - 2028

                                                  10.4.10.5.   Market Size and Forecast, By Rim Size, 2020 – 2028

                                                  10.4.10.6.   Market Size and Forecast, By Distribution Channel, 2020 - 2028

                                   10.4.11.   South Korea

                                                  10.4.11.1.   Introduction

                                                  10.4.11.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  10.4.11.3.   Market Size and Forecast, By Season Type, 2020 - 2028

                                                  10.4.11.4.   Market Size and Forecast, By Vehicle Type, 2020 - 2028

                                                  10.4.11.5.   Market Size and Forecast, By Rim Size, 2020 – 2028

                                                  10.4.11.6.   Market Size and Forecast, By Distribution Channel, 2020 - 2028

                                   10.4.12.   Rest Of Asia-Pacific

                                                  10.4.12.1.   Introduction

                                                  10.4.12.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  10.4.12.3.   Market Size and Forecast, By Season Type, 2020 - 2028

                                                  10.4.12.4.   Market Size and Forecast, By Vehicle Type, 2020 - 2028

                                                  10.4.12.5.   Market Size and Forecast, By Rim Size, 2020 – 2028

                                                  10.4.12.6.   Market Size and Forecast, By Distribution Channel, 2020 - 2028

                         10.5.   Rest Of The World (RoW)

                                   10.5.1.   Introduction

                                   10.5.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                   10.5.3.   Market Size and Forecast, By Season Type, 2020 - 2028

                                   10.5.4.   Market Size and Forecast, By Vehicle Type, 2020 - 2028

                                   10.5.5.   Market Size and Forecast, By Rim Size, 2020 – 2028

                                   10.5.6.   Market Size and Forecast, By Distribution Channel, 2020 - 2028

    Chapter 11.   Company Landscape

                         11.1.   Introduction

                         11.2.   Vendor Share Analysis

                         11.3.   Key Development Analysis

                         11.4.   Competitor Dashboard

    Chapter 12.   Company Profiles

                         12.1.   Bridgestone Corporation

                                   12.1.1.   Business Overview

                                   12.1.2.   Financial Analysis

                                                  12.1.2.1.   Financial – Existing/Funding

                                   12.1.3.   Product Portfolio

                                   12.1.4.   Recent Development and Strategies Adopted

                                   12.1.5.   SWOT Analysis

                         12.2.   Continental AG

                                   12.2.1.   Business Overview

                                   12.2.2.   Financial Analysis

                                                  12.2.2.1.   Financial – Existing/Funding

                                   12.2.3.   Product Portfolio

                                   12.2.4.   Recent Development and Strategies Adopted

                                   12.2.5.   SWOT Analysis

                         12.3.   Michelin

                                   12.3.1.   Business Overview

                                   12.3.2.   Financial Analysis

                                                  12.3.2.1.   Financial – Existing/Funding

                                   12.3.3.   Product Portfolio

                                   12.3.4.   Recent Development and Strategies Adopted

                                   12.3.5.   SWOT Analysis

                         12.4.  Pirelli Tyre C. S.p.A

                                   12.4.1.   Business Overview

                                   12.4.2.   Financial Analysis

                                                  12.4.2.1.   Financial – Existing/Funding

                                   12.4.3.   Product Portfolio

                                   12.4.4.   Recent Development and Strategies Adopted

                                   12.4.5.   SWOT Analysis

                         12.5.   The Goodyear Tire & Rubber Company

                                   12.5.1.   Business Overview

                                   12.5.2.   Financial Analysis

                                                  12.5.2.1.   Financial – Existing/Funding

                                   12.5.3.   Product Portfolio

                                   12.5.4.   Recent Development and Strategies Adopted

                                   12.5.5.   SWOT Analysis

                         12.6.   Toyo Tire Corporation

                                   12.6.1.   Business Overview

                                   12.6.2.   Financial Analysis

                                                  12.6.2.1.   Financial – Existing/Funding

                                   12.6.3.   Product Portfolio

                                   12.6.4.   Recent Development and Strategies Adopted

                                   12.6.5.   SWOT Analysis

                         12.7.   Sumitomo Rubber Industries Ltd

                                   12.7.1.   Business Overview

                                   12.7.2.   Financial Analysis

                                                  12.7.2.1.   Financial – Existing/Funding

                                   12.7.3.   Product Portfolio

                                   12.7.4.   Recent Development and Strategies Adopted

                                   12.7.5.   SWOT Analysis

                         12.8.   The Yokohama Rubber Co. Ltd

                                   12.8.1.   Business Overview

                                   12.8.2.   Financial Analysis

                                                  12.8.2.1.   Financial – Existing/Funding

                                   12.8.3.   Product Portfolio

                                   12.8.4.   Recent Development and Strategies Adopted

                                   12.8.5.   SWOT Analysis

                         12.9.   Hankook Tire & Technology Co. Ltd

                                   12.9.1.   Business Overview

                                   12.9.2.   Financial Analysis

                                                  12.9.2.1.   Financial – Existing/Funding

                                   12.9.3.   Product Portfolio

                                   12.9.4.   Recent Development and Strategies Adopted

                                   12.9.5.   SWOT Analysis

                         12.10.   Nokian Tyres plc

                                   12.10.1.   Business Overview

                                   12.10.2.   Financial Analysis

                                                  12.10.2.1.   Financial – Existing/Funding

                                   12.10.3.   Product Portfolio

                                   12.10.4.   Recent Development and Strategies Adopted

                                   12.10.5.   SWOT Analysis

    Chapter 13.   Key Takeaways

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