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Global Automotive Tire Market Size Study, by Rim Size (Less than 15 Inch, 15 to 20 Inch, More than 20 Inch), by Season Type (Summer, All Season, Winter), by Vehicle Type (Electric Vehicle, Commercial Vehicle, Passenger Vehicle), by Load Index (Up to 100, More than 100) and Regional Forecasts 2022-2032

July 2024 | 200 pages | ID: G84D9E6D3C2CEN
Bizwit Research & Consulting LLP

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The Global Automotive Tire Market is valued approximately at USD 153.49 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 5.2% over the forecast period 2024-2032. An automotive tire is a crucial component of a vehicle’s chassis, serving as the point of contact between the vehicle and the road surface. Tires are designed and manufactured meticulously to meet specific performance requirements, encompassing a blend of rubber, fabric, and steel to endure various environmental conditions and road stresses. These components optimize performance characteristics such as grip, handling, and durability, ensuring vehicle safety, fuel efficiency, and overall driving comfort. The diverse range of tire types, including all-season, summer, and winter variants, caters to different driving conditions and preferences, underscoring their significance in the performance and safety of motor vehicles.

The market is set to experience significant growth due to rising consumer demand for high-performance tires, increased vehicle production in developing countries, and an emphasis on fuel efficiency and environmental sustainability. The adoption of electric vehicles, innovations in tire design and materials, and a focus on tire recycling and sustainability are key factors propelling market growth. However, fluctuating raw material prices, shifts in consumer preferences, and stringent regulatory standards pose challenges. Nonetheless, technological advancements in tire manufacturing and the growing automotive industry present substantial growth opportunities.

The initial phases of the COVID-19 pandemic led to disruptions in manufacturing and supply chains, temporarily reducing tire production. Lockdowns and restrictions impacted global mobility, causing a decline in vehicle sales and consequently, tire demand. Economic uncertainties influenced consumer spending, delaying tire replacements and upgrades. As economies reopened and the automotive sector rebounded, there was a renewed focus on personal transportation, stimulating recovery in the tire market. The pandemic also highlighted the importance of resilient supply chains, prompting manufacturers to optimize production processes.

Asia Pacific holds the largest share of the market revenue due to rapid economic growth and industrialization in the region. The demand for tires is driven by expanding automotive markets, increasing urbanization, and infrastructure development. Diverse driving conditions necessitate a range of tire types, boosting market growth. The shift towards electric vehicles and sustainable mobility influences tire preferences, with a demand for eco-friendly and fuel-efficient options. Strategic initiatives by manufacturers to establish production facilities and distribution networks further support market expansion in the region.

Major market players included in this report are:

Bridgestone Corporation

Continental AG

The Goodyear Tire & Rubber Company

Hankook & Company Co., Ltd.

Michelin

Nokian Tyres Plc

Pirelli & C. S.P.A

Sumitomo Rubber Industries, Ltd.

The Yokohama Rubber Co., Ltd.

Toyo Tire Corporation

The detailed segments and sub-segment of the market are explained below:

By Rim Size:
  • Less than 15 Inch
  • 15 to 20 Inch
  • More than 20 Inch
By Season Type:
  • Summer
  • All Season
  • Winter
By Vehicle Type:
  • Electric Vehicle
  • Commercial Vehicle
  • Passenger Vehicle
By Load Index:
  • Up to 100
  • More than 100
By Region: North America
  • U.S.
  • Canada
Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • ROE
Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • RoAPAC
Latin America
  • Brazil
  • Mexico
Middle East & Africa
  • Saudi Arabia
  • South Africa
  • RoMEA
Years considered for the study are as follows:
  • Historical year – 2022
  • Base year – 2023
  • Forecast period – 2024 to 2032
Key Takeaways:
  • Market Estimates & Forecast for 10 years from 2022 to 2032.
  • Annualized revenues and regional level analysis for each market segment.
  • Detailed analysis of geographical landscape with country-level analysis of major regions.
  • Competitive landscape with information on major players in the market.
  • Analysis of key business strategies and recommendations on future market approach.
  • Analysis of competitive structure of the market.
  • Demand side and supply side analysis of the market.
CHAPTER 1. GLOBAL AUTOMOTIVE TIRE MARKET EXECUTIVE SUMMARY

1.1. Global Automotive Tire Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By Rim Size
  1.3.2. By Season Type
  1.3.3. By Vehicle Type
  1.3.4. By Load Index
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL AUTOMOTIVE TIRE MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply Side Analysis
    2.3.3.1. Availability
    2.3.3.2. Infrastructure
    2.3.3.3. Regulatory Environment
    2.3.3.4. Market Competition
    2.3.3.5. Economic Viability (Consumer’s Perspective)
  2.3.4. Demand Side Analysis
    2.3.4.1. Regulatory frameworks
    2.3.4.2. Technological Advancements
    2.3.4.3. Environmental Considerations
    2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3. GLOBAL AUTOMOTIVE TIRE MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Increasing consumer demand for high-performance tires
  3.1.2. Increase in vehicle production in developing countries
  3.1.3. Emphasis on fuel efficiency and environmental sustainability
3.2. Market Challenges
  3.2.1. Fluctuating raw material prices
  3.2.2. Shifts in consumer preferences
  3.2.3. Stringent regulatory standards
3.3. Market Opportunities
  3.3.1. Technological advancements in tire manufacturing
  3.3.2. Growing automotive industry
  3.3.3. Rising adoption of electric vehicles

CHAPTER 4. GLOBAL AUTOMOTIVE TIRE MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL AUTOMOTIVE TIRE MARKET SIZE & FORECASTS BY RIM SIZE 2022-2032

5.1. Segment Dashboard
5.2. Global Automotive Tire Market: Rim Size Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  5.2.1. Less than 15 Inch
  5.2.2. 15 to 20 Inch
  5.2.3. More than 20 Inch

CHAPTER 6. GLOBAL AUTOMOTIVE TIRE MARKET SIZE & FORECASTS BY SEASON TYPE 2022-2032

6.1. Segment Dashboard
6.2. Global Automotive Tire Market: Season Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  6.2.1. Summer
  6.2.2. All Season
  6.2.3. Winter

CHAPTER 7. GLOBAL AUTOMOTIVE TIRE MARKET SIZE & FORECASTS BY VEHICLE TYPE 2022-2032

7.1. Segment Dashboard
7.2. Global Automotive Tire Market: Vehicle Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  7.2.1. Electric Vehicle
  7.2.2. Commercial Vehicle
  7.2.3. Passenger Vehicle

CHAPTER 8. GLOBAL AUTOMOTIVE TIRE MARKET SIZE & FORECASTS BY LOAD INDEX 2022-2032

8.1. Segment Dashboard
8.2. Global Automotive Tire Market: Load Index Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  8.2.1. Up to
  8.2.2. More than

CHAPTER 9. GLOBAL AUTOMOTIVE TIRE MARKET SIZE & FORECASTS BY REGION 2022-2032

9.1. North America Automotive Tire Market
  9.1.1. U.S. Automotive Tire Market
    9.1.1.1. Rim Size breakdown size & forecasts, 2022-2032
    9.1.1.2. Season Type breakdown size & forecasts, 2022-2032
    9.1.1.3. Vehicle Type breakdown size & forecasts, 2022-2032
    9.1.1.4. Load Index breakdown size & forecasts, 2022-2032
  9.1.2. Canada Automotive Tire Market
9.2. Europe Automotive Tire Market
  9.2.1. U.K. Automotive Tire Market
  9.2.2. Germany Automotive Tire Market
  9.2.3. France Automotive Tire Market
  9.2.4. Spain Automotive Tire Market
  9.2.5. Italy Automotive Tire Market
  9.2.6. Rest of Europe Automotive Tire Market
9.3. Asia-Pacific Automotive Tire Market
  9.3.1. China Automotive Tire Market
  9.3.2. India Automotive Tire Market
  9.3.3. Japan Automotive Tire Market
  9.3.4. Australia Automotive Tire Market
  9.3.5. South Korea Automotive Tire Market
  9.3.6. Rest of Asia Pacific Automotive Tire Market
9.4. Latin America Automotive Tire Market
  9.4.1. Brazil Automotive Tire Market
  9.4.2. Mexico Automotive Tire Market
  9.4.3. Rest of Latin America Automotive Tire Market
9.5. Middle East & Africa Automotive Tire Market
  9.5.1. Saudi Arabia Automotive Tire Market
  9.5.2. South Africa Automotive Tire Market
  9.5.3. Rest of Middle East & Africa Automotive Tire Market

CHAPTER 10. COMPETITIVE INTELLIGENCE

10.1. Key Company SWOT Analysis
  10.1.1. Company
  10.1.2. Company
  10.1.3. Company
10.2. Top Market Strategies
10.3. Company Profiles
  10.3.1. Bridgestone Corporation
    10.3.1.1. Key Information
    10.3.1.2. Overview
    10.3.1.3. Financial (Subject to Data Availability)
    10.3.1.4. Product Summary
    10.3.1.5. Market Strategies
  10.3.2. Continental AG
  10.3.3. The Goodyear Tire & Rubber Company
  10.3.4. Hankook & Company Co., Ltd.
  10.3.5. Michelin
  10.3.6. Nokian Tyres Plc
  10.3.7. Pirelli & C. S.P.A
  10.3.8. Sumitomo Rubber Industries, Ltd.
  10.3.9. The Yokohama Rubber Co., Ltd.
  10.3.10. Toyo Tire Corporation

CHAPTER 11. RESEARCH PROCESS

11.1. Research Process
  11.1.1. Data Mining
  11.1.2. Analysis
  11.1.3. Market Estimation
  11.1.4. Validation
  11.1.5. Publishing
11.2. Research Attributes

LIST OF TABLES

TABLE 1. Global Automotive Tire Market, report scope
TABLE 2. Global Automotive Tire Market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Automotive Tire Market estimates & forecasts by Rim Size 2022-2032 (USD Billion)
TABLE 4. Global Automotive Tire Market estimates & forecasts by Season Type 2022-2032 (USD Billion)
TABLE 5. Global Automotive Tire Market estimates & forecasts by Vehicle Type 2022-2032 (USD Billion)
TABLE 6. Global Automotive Tire Market estimates & forecasts by Load Index 2022-2032 (USD Billion)
TABLE 7. Global Automotive Tire Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Global Automotive Tire Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Global Automotive Tire Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Global Automotive Tire Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Global Automotive Tire Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Global Automotive Tire Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Global Automotive Tire Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Global Automotive Tire Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. U.S. Automotive Tire Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. U.S. Automotive Tire Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 17. U.S. Automotive Tire Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18. Canada Automotive Tire Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 19. Canada Automotive Tire Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 20. Canada Automotive Tire Market estimates & forecasts by segment 2022-2032 (USD Billion)
…..
This list is not complete, final report does contain more than 100 tables. The list may be updated in the final deliverable.

LIST OF FIGURES

FIG 1. Global Automotive Tire Market, research methodology
FIG 2. Global Automotive Tire Market, market estimation techniques
FIG 3. Global market size estimates & forecast methods.
FIG 4. Global Automotive Tire Market, key trends 2023
FIG 5. Global Automotive Tire Market, growth prospects 2022-2032
FIG 6. Global Automotive Tire Market, porters 5 force model
FIG 7. Global Automotive Tire Market, PESTEL analysis
FIG 8. Global Automotive Tire Market, value chain analysis
FIG 9. Global Automotive Tire Market by segment, 2022 & 2032 (USD Billion)
FIG 10. Global Automotive Tire Market by segment, 2022 & 2032 (USD Billion)
FIG 11. Global Automotive Tire Market by segment, 2022 & 2032 (USD Billion)
FIG 12. Global Automotive Tire Market by segment, 2022 & 2032 (USD Billion)
FIG 13. Global Automotive Tire Market by segment, 2022 & 2032 (USD Billion)
FIG 14. Global Automotive Tire Market, regional snapshot 2022 & 2032
FIG 15. North America Automotive Tire Market 2022 & 2032 (USD Billion)
FIG 16. Europe Automotive Tire Market 2022 & 2032 (USD Billion)
FIG 17. Asia pacific Automotive Tire Market 2022 & 2032 (USD Billion)
FIG 18. Latin America Automotive Tire Market 2022 & 2032 (USD Billion)
FIG 19. Middle East & Africa Automotive Tire Market 2022 & 2032 (USD Billion)
FIG 20. Global Automotive Tire Market, company market share analysis (2023)
…..
This list is not complete, final report does contain more than 50 figures. The list may be updated in the final deliverable.


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