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Global Winter Tire Market Size, Manufacturers, Opportunities and Forecast to 2030

April 2024 | 118 pages | ID: GA556ABBB18AEN
APO Research

US$ 3,450.00

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Winter tires are tires designed for use in colder weather, snow and ice. Winter tires have more sipes than summer tires, increasing traction on snow and ice. Tires designed for winter conditions are optimized to drive at temperatures below 7 °C (45 °F). They are an alternative to the use of snow chains.

Winter tires are usually tires with a different rubber composition from all-weather (all-season) tires. Cold-weather tires include a greater percentage of natural rubber and silica so there is not as much hardening as found in synthetic rubber in cold conditions: they provide better traction at lower temperatures. Winter tires provide more small-tread areas, increasing traction on snow and, in wet conditions, allowing water to escape from under the tire more easily. This reduces the risk of hydroplaning. Snow/winter tires start to perform better than summer or all-season tires if temperature falls below 7C (45F), as the rubber compounds in the latter harden resulting to decreasing grip even on dry pavement Interestingly one achieves maximum grip on packed snow if the slippage/wheel spinis 40-50%, i.e. one should turn off the traction control in most modern cars for maximum traction.

Studded tires with metal pins that protrude from the tire can greatly reduce skidding and accidents on snow or ice-covered roads. In much of Scandinavia, Canada, and the US, winter tires may have metal studs to improve grip on packed snow or ice, but such tires are prohibited in certain other jurisdictions because of the damage they cause to the road surface.

A tire is a ring-shaped vehicle component that covers the wheel's rim to protect it and enable better vehicle performance. Most tires, such as those for automobiles and bicycles, provide traction between the vehicle and the road while providing a flexible cushion that absorbs shock.

The materials of modern pneumatic tires are synthetic rubber, natural rubber, fabric and wire, along with carbon black and other chemical compounds.

According to APO Research, The global Winter Tire market was estimated at US$ million in 2023 and is projected to reach a revised size of US$ million by 2030, witnessing a CAGR of xx% during the forecast period 2024-2030.

Global Winter Tire key players include Nokian Tyres, Apollo, Hankook, Goodyear, etc.

Europe is the largest market, followed by Russia, and North America.

In terms of product, Studless is the largest segment, with a share over 65%. And in terms of application, the largest application is Passenger tires, followed by Light truck/SUV tires, etc.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Winter Tire, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Winter Tire.

The Winter Tire market size, estimations, and forecasts are provided in terms of sales volume (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Winter Tire market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:
  • Bridgestone
  • Michelin
  • Continental
  • Goodyear
  • Nokian Tyres
  • Hankook
  • Nizhnekamskshina
  • Pirelli
  • Cooper Tire
  • Yokohama
  • Toyo Tire
  • Kumho Tire
  • JSC Cordiant
  • Zhongce
  • GITI Tire
  • Triangle
  • Apollo
  • Cheng Shin
  • Nexen Tire
Winter Tire segment by Type
  • Studded
  • Studless
Winter Tire segment by Application
  • Passenger Tires
  • Light Truck/SUV Tires
  • Others
Winter Tire Segment by Region
  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Russia
  • Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • China Taiwan
  • Indonesia
  • Thailand
  • Malaysia
  • Latin America
  • Mexico
  • Brazil
  • Argentina
  • Middle East & Africa
  • Turkey
  • Saudi Arabia
  • UAE
Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Winter Tire market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.

2. This report will help stakeholders to understand the global industry status and trends of Winter Tire and provides them with information on key market drivers, restraints, challenges, and opportunities.

3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.

4. This report stays updated with novel technology integration, features, and the latest developments in the market

5. This report helps stakeholders to gain insights into which regions to target globally

6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Winter Tire.

7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 3: Detailed analysis of Winter Tire manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.

Chapter 4: Sales, revenue of Winter Tire in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.

Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, sales and revenue by country.

Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.

Chapter 13: Concluding Insights of the report.
1 MARKET OVERVIEW

1.1 Product Definition
1.2 Global Market Growth Prospects
  1.2.1 Global Winter Tire Market Size Estimates and Forecasts (2019-2030)
  1.2.2 Global Winter Tire Sales Estimates and Forecasts (2019-2030)
1.3 Winter Tire Market by Type
  1.3.1 Studded
  1.3.2 Studless
1.4 Global Winter Tire Market Size by Type
  1.4.1 Global Winter Tire Market Size Overview by Type (2019-2030)
  1.4.2 Global Winter Tire Historic Market Size Review by Type (2019-2024)
  1.4.3 Global Winter Tire Forecasted Market Size by Type (2025-2030)
1.5 Key Regions Market Size by Type
  1.5.1 North America Winter Tire Sales Breakdown by Type (2019-2024)
  1.5.2 Europe Winter Tire Sales Breakdown by Type (2019-2024)
  1.5.3 Asia-Pacific Winter Tire Sales Breakdown by Type (2019-2024)
  1.5.4 Latin America Winter Tire Sales Breakdown by Type (2019-2024)
  1.5.5 Middle East and Africa Winter Tire Sales Breakdown by Type (2019-2024)

2 GLOBAL MARKET DYNAMICS

2.1 Winter Tire Industry Trends
2.2 Winter Tire Industry Drivers
2.3 Winter Tire Industry Opportunities and Challenges
2.4 Winter Tire Industry Restraints

3 MARKET COMPETITIVE LANDSCAPE BY COMPANY

3.1 Global Top Players by Winter Tire Revenue (2019-2024)
3.2 Global Top Players by Winter Tire Sales (2019-2024)
3.3 Global Top Players by Winter Tire Price (2019-2024)
3.4 Global Winter Tire Industry Company Ranking, 2022 VS 2023 VS 2024
3.5 Global Winter Tire Key Company Manufacturing Sites & Headquarters
3.6 Global Winter Tire Company, Product Type & Application
3.7 Global Winter Tire Company Commercialization Time
3.8 Market Competitive Analysis
  3.8.1 Global Winter Tire Market CR5 and HHI
  3.8.2 Global Top 5 and 10 Winter Tire Players Market Share by Revenue in 2023
  3.8.3 2023 Winter Tire Tier 1, Tier 2, and Tier

4 WINTER TIRE REGIONAL STATUS AND OUTLOOK

4.1 Global Winter Tire Market Size and CAGR by Region: 2019 VS 2023 VS 2030
4.2 Global Winter Tire Historic Market Size by Region
  4.2.1 Global Winter Tire Sales in Volume by Region (2019-2024)
  4.2.2 Global Winter Tire Sales in Value by Region (2019-2024)
  4.2.3 Global Winter Tire Sales (Volume & Value), Price and Gross Margin (2019-2024)
4.3 Global Winter Tire Forecasted Market Size by Region
  4.3.1 Global Winter Tire Sales in Volume by Region (2025-2030)
  4.3.2 Global Winter Tire Sales in Value by Region (2025-2030)
  4.3.3 Global Winter Tire Sales (Volume & Value), Price and Gross Margin (2025-2030)

5 WINTER TIRE BY APPLICATION

5.1 Winter Tire Market by Application
  5.1.1 Passenger Tires
  5.1.2 Light Truck/SUV Tires
  5.1.3 Others
5.2 Global Winter Tire Market Size by Application
  5.2.1 Global Winter Tire Market Size Overview by Application (2019-2030)
  5.2.2 Global Winter Tire Historic Market Size Review by Application (2019-2024)
  5.2.3 Global Winter Tire Forecasted Market Size by Application (2025-2030)
5.3 Key Regions Market Size by Application
  5.3.1 North America Winter Tire Sales Breakdown by Application (2019-2024)
  5.3.2 Europe Winter Tire Sales Breakdown by Application (2019-2024)
  5.3.3 Asia-Pacific Winter Tire Sales Breakdown by Application (2019-2024)
  5.3.4 Latin America Winter Tire Sales Breakdown by Application (2019-2024)
  5.3.5 Middle East and Africa Winter Tire Sales Breakdown by Application (2019-2024)

6 COMPANY PROFILES

6.1 Bridgestone
  6.1.1 Bridgestone Comapny Information
  6.1.2 Bridgestone Business Overview
  6.1.3 Bridgestone Winter Tire Sales, Revenue and Gross Margin (2019-2024)
  6.1.4 Bridgestone Winter Tire Product Portfolio
  6.1.5 Bridgestone Recent Developments
6.2 Michelin
  6.2.1 Michelin Comapny Information
  6.2.2 Michelin Business Overview
  6.2.3 Michelin Winter Tire Sales, Revenue and Gross Margin (2019-2024)
  6.2.4 Michelin Winter Tire Product Portfolio
  6.2.5 Michelin Recent Developments
6.3 Continental
  6.3.1 Continental Comapny Information
  6.3.2 Continental Business Overview
  6.3.3 Continental Winter Tire Sales, Revenue and Gross Margin (2019-2024)
  6.3.4 Continental Winter Tire Product Portfolio
  6.3.5 Continental Recent Developments
6.4 Goodyear
  6.4.1 Goodyear Comapny Information
  6.4.2 Goodyear Business Overview
  6.4.3 Goodyear Winter Tire Sales, Revenue and Gross Margin (2019-2024)
  6.4.4 Goodyear Winter Tire Product Portfolio
  6.4.5 Goodyear Recent Developments
6.5 Nokian Tyres
  6.5.1 Nokian Tyres Comapny Information
  6.5.2 Nokian Tyres Business Overview
  6.5.3 Nokian Tyres Winter Tire Sales, Revenue and Gross Margin (2019-2024)
  6.5.4 Nokian Tyres Winter Tire Product Portfolio
  6.5.5 Nokian Tyres Recent Developments
6.6 Hankook
  6.6.1 Hankook Comapny Information
  6.6.2 Hankook Business Overview
  6.6.3 Hankook Winter Tire Sales, Revenue and Gross Margin (2019-2024)
  6.6.4 Hankook Winter Tire Product Portfolio
  6.6.5 Hankook Recent Developments
6.7 Nizhnekamskshina
  6.7.1 Nizhnekamskshina Comapny Information
  6.7.2 Nizhnekamskshina Business Overview
  6.7.3 Nizhnekamskshina Winter Tire Sales, Revenue and Gross Margin (2019-2024)
  6.7.4 Nizhnekamskshina Winter Tire Product Portfolio
  6.7.5 Nizhnekamskshina Recent Developments
6.8 Pirelli
  6.8.1 Pirelli Comapny Information
  6.8.2 Pirelli Business Overview
  6.8.3 Pirelli Winter Tire Sales, Revenue and Gross Margin (2019-2024)
  6.8.4 Pirelli Winter Tire Product Portfolio
  6.8.5 Pirelli Recent Developments
6.9 Cooper Tire
  6.9.1 Cooper Tire Comapny Information
  6.9.2 Cooper Tire Business Overview
  6.9.3 Cooper Tire Winter Tire Sales, Revenue and Gross Margin (2019-2024)
  6.9.4 Cooper Tire Winter Tire Product Portfolio
  6.9.5 Cooper Tire Recent Developments
6.10 Yokohama
  6.10.1 Yokohama Comapny Information
  6.10.2 Yokohama Business Overview
  6.10.3 Yokohama Winter Tire Sales, Revenue and Gross Margin (2019-2024)
  6.10.4 Yokohama Winter Tire Product Portfolio
  6.10.5 Yokohama Recent Developments
6.11 Toyo Tire
  6.11.1 Toyo Tire Comapny Information
  6.11.2 Toyo Tire Business Overview
  6.11.3 Toyo Tire Winter Tire Sales, Revenue and Gross Margin (2019-2024)
  6.11.4 Toyo Tire Winter Tire Product Portfolio
  6.11.5 Toyo Tire Recent Developments
6.12 Kumho Tire
  6.12.1 Kumho Tire Comapny Information
  6.12.2 Kumho Tire Business Overview
  6.12.3 Kumho Tire Winter Tire Sales, Revenue and Gross Margin (2019-2024)
  6.12.4 Kumho Tire Winter Tire Product Portfolio
  6.12.5 Kumho Tire Recent Developments
6.13 JSC Cordiant
  6.13.1 JSC Cordiant Comapny Information
  6.13.2 JSC Cordiant Business Overview
  6.13.3 JSC Cordiant Winter Tire Sales, Revenue and Gross Margin (2019-2024)
  6.13.4 JSC Cordiant Winter Tire Product Portfolio
  6.13.5 JSC Cordiant Recent Developments
6.14 Zhongce
  6.14.1 Zhongce Comapny Information
  6.14.2 Zhongce Business Overview
  6.14.3 Zhongce Winter Tire Sales, Revenue and Gross Margin (2019-2024)
  6.14.4 Zhongce Winter Tire Product Portfolio
  6.14.5 Zhongce Recent Developments
6.15 GITI Tire
  6.15.1 GITI Tire Comapny Information
  6.15.2 GITI Tire Business Overview
  6.15.3 GITI Tire Winter Tire Sales, Revenue and Gross Margin (2019-2024)
  6.15.4 GITI Tire Winter Tire Product Portfolio
  6.15.5 GITI Tire Recent Developments
6.16 Triangle
  6.16.1 Triangle Comapny Information
  6.16.2 Triangle Business Overview
  6.16.3 Triangle Winter Tire Sales, Revenue and Gross Margin (2019-2024)
  6.16.4 Triangle Winter Tire Product Portfolio
  6.16.5 Triangle Recent Developments
6.17 Apollo
  6.17.1 Apollo Comapny Information
  6.17.2 Apollo Business Overview
  6.17.3 Apollo Winter Tire Sales, Revenue and Gross Margin (2019-2024)
  6.17.4 Apollo Winter Tire Product Portfolio
  6.17.5 Apollo Recent Developments
6.18 Cheng Shin
  6.18.1 Cheng Shin Comapny Information
  6.18.2 Cheng Shin Business Overview
  6.18.3 Cheng Shin Winter Tire Sales, Revenue and Gross Margin (2019-2024)
  6.18.4 Cheng Shin Winter Tire Product Portfolio
  6.18.5 Cheng Shin Recent Developments
6.19 Nexen Tire
  6.19.1 Nexen Tire Comapny Information
  6.19.2 Nexen Tire Business Overview
  6.19.3 Nexen Tire Winter Tire Sales, Revenue and Gross Margin (2019-2024)
  6.19.4 Nexen Tire Winter Tire Product Portfolio
  6.19.5 Nexen Tire Recent Developments

7 NORTH AMERICA BY COUNTRY

7.1 North America Winter Tire Sales by Country
  7.1.1 North America Winter Tire Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  7.1.2 North America Winter Tire Sales by Country (2019-2024)
  7.1.3 North America Winter Tire Sales Forecast by Country (2025-2030)
7.2 North America Winter Tire Market Size by Country
  7.2.1 North America Winter Tire Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  7.2.2 North America Winter Tire Market Size by Country (2019-2024)
  7.2.3 North America Winter Tire Market Size Forecast by Country (2025-2030)

8 EUROPE BY COUNTRY

8.1 Europe Winter Tire Sales by Country
  8.1.1 Europe Winter Tire Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  8.1.2 Europe Winter Tire Sales by Country (2019-2024)
  8.1.3 Europe Winter Tire Sales Forecast by Country (2025-2030)
8.2 Europe Winter Tire Market Size by Country
  8.2.1 Europe Winter Tire Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  8.2.2 Europe Winter Tire Market Size by Country (2019-2024)
  8.2.3 Europe Winter Tire Market Size Forecast by Country (2025-2030)

9 ASIA-PACIFIC BY COUNTRY

9.1 Asia-Pacific Winter Tire Sales by Country
  9.1.1 Asia-Pacific Winter Tire Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  9.1.2 Asia-Pacific Winter Tire Sales by Country (2019-2024)
  9.1.3 Asia-Pacific Winter Tire Sales Forecast by Country (2025-2030)
9.2 Asia-Pacific Winter Tire Market Size by Country
  9.2.1 Asia-Pacific Winter Tire Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  9.2.2 Asia-Pacific Winter Tire Market Size by Country (2019-2024)
  9.2.3 Asia-Pacific Winter Tire Market Size Forecast by Country (2025-2030)

10 LATIN AMERICA BY COUNTRY

10.1 Latin America Winter Tire Sales by Country
  10.1.1 Latin America Winter Tire Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  10.1.2 Latin America Winter Tire Sales by Country (2019-2024)
  10.1.3 Latin America Winter Tire Sales Forecast by Country (2025-2030)
10.2 Latin America Winter Tire Market Size by Country
  10.2.1 Latin America Winter Tire Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  10.2.2 Latin America Winter Tire Market Size by Country (2019-2024)
  10.2.3 Latin America Winter Tire Market Size Forecast by Country (2025-2030)

11 MIDDLE EAST AND AFRICA BY COUNTRY

11.1 Middle East and Africa Winter Tire Sales by Country
  11.1.1 Middle East and Africa Winter Tire Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  11.1.2 Middle East and Africa Winter Tire Sales by Country (2019-2024)
  11.1.3 Middle East and Africa Winter Tire Sales Forecast by Country (2025-2030)
11.2 Middle East and Africa Winter Tire Market Size by Country
  11.2.1 Middle East and Africa Winter Tire Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  11.2.2 Middle East and Africa Winter Tire Market Size by Country (2019-2024)
  11.2.3 Middle East and Africa Winter Tire Market Size Forecast by Country (2025-2030)

12 VALUE CHAIN AND SALES CHANNELS ANALYSIS

12.1 Winter Tire Value Chain Analysis
  12.1.1 Winter Tire Key Raw Materials
  12.1.2 Key Raw Materials Price
  12.1.3 Raw Materials Key Suppliers
  12.1.4 Manufacturing Cost Structure
  12.1.5 Winter Tire Production Mode & Process
12.2 Winter Tire Sales Channels Analysis
  12.2.1 Direct Comparison with Distribution Share
  12.2.2 Winter Tire Distributors
  12.2.3 Winter Tire Customers

13 CONCLUDING INSIGHTS

14 APPENDIX

14.1 Reasons for Doing This Study
14.2 Research Methodology
14.3 Research Process
14.4 Authors List of This Report
14.5 Data Source
  14.5.1 Secondary Sources
  14.5.2 Primary Sources
14.6 Disclaimer


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