The pneumatic tires market is anticipated to grow at a CAGR 6.7% during the forecast period. Pneumatic tires are largely used in the automobile industry owing to enhanced performance features in terms of fuel economy, good traction and efficiency. Moreover, the rapid increase in disposable income of consumers and changing lifestyles are anticipated to drive the growth of the pneumatic tires market during the forecast period. The pneumatic tires market have witnessed significant growth owing to the considerable rise in demand from industrial and agriculture vehicles. However, the increasing adoption of non-pneumatic tire and variation of raw material cost is the factor hampering the growth of the pneumatic market.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Pneumatic Tires Market by Product
- Radial
- Crossply
Global Pneumatic Tires Market by Vehicle Type
- Two-Wheelers
- Four-Wheelers
- Aircraft
- Other
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Apollo Tyres, Ltd.
- Continental AG
- Dunlop Tires (A Part of the Goodyear family)
- Hankook Tire America Corp.
- Kumho Tire USA., Inc
- Maxam Tire International, Ltd.
- Millennium Tire
- Mitas (A Part of the Trelleborg group)
- Petlas
- Pirelli &C.S.p.A
- Sumitomo Rubber Industries, Ltd.
- The Goodyear Tire and Rubber Co.
- The Michelin Group
- The Yokohama Rubber Co. Ltd.
- TOKAI Solid Tire (Mouldmate Co. Ltd.)
- Trelleborg AB
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global pneumatic tires 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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