Automotive Tire Market

Automotive Tire Market accounted for the US $ 237.22 Bn in 2019 is expected to reach the US $ XX Bn by 2026 at a CAGR of XX %.

Global Automotive Tire Market

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

Global Automotive Tire Market

An automotive tire in a vehicle can be regarded as consisting of a rubber ring around the rim of an automobile wheel.

The driving factor for the automotive tire market is due to an increase in sales of passenger and commercial vehicles is directly impacting the growth. In restrains for automotive tire will the higher cost of the material and production cost.

Automotive Tire Market is segmented into type, Vehicle type, material, sales channel, Section width, and geography. In terms of type, a radial pedal is an increase in last few years and increasing demand of customers for better mileage and durability radial suits the segment. In-Vehicle segment passenger car will be growing faster as the increase in a number of passenger car production in a developing country and rise in disposal income will key opportunity for growth in this segment.

Among region, Asia Pacific is expected to grow at the highest CAGR during the forecast period. Rise in the production of the vehicle, rapidly increasing domestic consumption and the availability of cheap labour in the Asia Pacific region will be a key opportunity. India is the fastest growing country in the region, in passenger cars segment will boost for automotive tire segment.

Automotive Tire Market share is consolidated, as the key multinational players occupy the major industry share. Bridgestone Corporation, Continental AG, Michelin, The Goodyear Tire & Rubber Company, Pirelli & C.S.p.A., Apollo Tyres Ltd., CEAT Ltd., China National Tire & Rubber Co., Ltd., Cooper Tire & Rubber Co., Ltd., Giti Tire, Hangzhou Zhongce Rubber Co., Ltd., Hankook Tire, JK Tyre & Industries Ltd., Kumho Tire Co., Inc., Nexen Tire Corporation, Nokian Tyres plc, Qingdao Fullrun Tyre Corp., Ltd., Sumitomo Rubber Industries, Ltd., Toyo Tire & Rubber Co., Ltd., and Yokohoma Tire Corporation with brand portfolio expansion, mergers, collaborations and acquisitions are the key strategies adopted by the top players. For instance, in 2018, Bridgestone has announced the full share acquisition of UK automotive service provider in ETB.

Market Scope of Automotive Tire Market

Global Automotive Tire Market, by Type

  • Radial Pedal
  • Bias

Global Automotive Tire Market, by Material

  • Synthetic Rubber
  • Natural Rubber

Global Automotive Tire Market, by Sales Channel

  • OEM
  • Aftermarket

Global Automotive Tire Market, by Vehicle type

  • Passenger Cars
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

Global Automotive Tire Market, by Section Width

  • <200 Mm • 200-230mm • >230mm

Global Automotive Tire Market, by Aspect Ratio

  • 35 – 55
  • 60 – 70
  • 75 – 85

Global Automotive Tire Market, by Season

  • Winter Tire
  • All-season Tire

Global Automotive Tire Market, by Ply

  • Radial Ply
  • Bias Ply

Global Automotive Tire Market, by Tube

  • Tubed Tire
  • Tubeless Tire

Global Automotive Tire Market, by Region

  • North America
  • Europe
  • Asia-Pacific
  • Middle East & Africa
  • South America

Key Players in Automotive Tire Market:

  • Bridgestone Corporation
  • Continental AG
  • Michelin
  • The Goodyear Tire & Rubber Company
  • Pirelli & C.S.p.A.,
  • Apollo Tyres Ltd.,
  • CEAT Ltd.,
  • China National Tire & Rubber Co., Ltd.,
  • Cooper Tire & Rubber Co., Ltd.,
  • Giti Tire
  • Hangzhou Zhongce Rubber Co., Ltd.,
  • Hankook Tire
  • JK Tyre & Industries Ltd.,
  • Kumho Tire Co., Inc.,
  • Nexen Tire Corporation
  • Nokian Tyres plc,
  • Qingdao Fullrun Tyre Corp., Ltd.,
  • Sumitomo Rubber Industries, Ltd.,
  • Toyo Tire & Rubber Co., Ltd.
  • Yokohoma Tire Corporation

Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the current Automotive Tire Market outlook. The report encompasses the Automotive Tire Market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for taking the informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the automotive tire market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Automotive Tire Market positioning of competitors.

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