The global market for automotive tires is projected to have a considerable CAGR during the forecast period. Post-COVID-19, the market will be driven by the increasing automobile production & sales, advancement in tire manufacturing technology, and the rise in competition among tire manufacturers. Besides, the demand for next-generation high-performance tires is growing due to the less noise and long durability provided by these tires, which, in turn, further drive the growth of the market. Furthermore, cohesive government initiatives to improve road safety are also anticipated to fuel the market growth in the future years. For instance, in February 2021, the UK Government passed a new law according to which, tires that are more than 10 years old cannot be used on the front steered axles of HGVs, buses, coaches, and all single wheels fitted to a minibus (9 to 16 passenger seats) to improve the road safety in the country.
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However, fluctuating price of raw material, and chances of accident due to tire bursting are the major concern for the market. Continuous development by the major market players in the manufacturing technology & material and investment for the manufacturing of new plants are also expected to provide an opportunity for market growth in the near future.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Automotive Tire Market, By Rim Size
- Inches
- 15-21 Inches
- More than 21 inches
Global Automotive Tire Market, By Vehicle Type
- Two-Wheeler
- Passenger Car
- Light and Medium Commercial Vehicles
- Heavy Commercial Vehicles
- Other (Construction, Agriculture, Customized Sports)
Global Automotive Tire Market, By Road Application
- Summer Tire
- Winter Tire
- All Season Tire
- High Performance Tire
- Other (All -Terrain Tire)
Global Automotive Tire Market, By Construction
- Radial Tire
- Bias & Belted Bias Cross Ply Tire
- Global Automotive Tire Market, By Sales Channel
- OEM (Original Equipment Manufacturer)
- Aftermarket (Replacement)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Russia
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- ASEAN
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- Middle East Africa
Company Profiles
- AEOLUS TYRE Co. Ltd.
- Apollo Tyres Ltd
- Bridgestone Corp.
- Cheng Shin Rubber Ind. Co. Ltd. (Maxxis International GmbH)
- Continental AG
- Cooper Tire & Rubber Co.
- Giti Tire Pte Ltd.
- Goodyear Tire and Rubber Co.
- Hankook Tire & Technology Co., Ltd
- Kumho Tire Co. Inc.
- Michelin Group
- MRF LTD.
- Omni United (S) Pte. Ltd.
- Pirelli & C. S.p.A.
- QINGDAO FULLRUN TIRE CORP. LTD.
- Shandong Linglong Tire Co., Ltd.
- Sumitomo Rubber Industries, Ltd.
- THE YOKOHAMA RUBBER CO., LTD
- Toyo Tire Corp.
- Trelleborg AB
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Automotive Tire market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
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