Winter tires, also called snow tires, are tires which are designed specifically for use on ice and snow. These tires have a tread design with larger gaps as compared to that on summer tires. Such tread designs are employed to increase the traction of winter tires on ice and snow. Snow tires are specifically designed to drive under optimized winter conditions, at a temperature below 7°C (45°F). Further, in order to increase the tire traction on hard packed icy or snowy roads, snow tires come with ceramic or metal studs that protrude from the tire. Winter tires can be operated on various surfaces, including wet or dry pavements, mud, ice, and so on. The design on the tread is mainly incorporated so as to allow penetration into thread, where it gets compact and provide resistance against slippage on such roads.
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Geographically, the market is analyzed into North America, Europe, Asia-Pacific, and Rest of the World. Europe is expected to hold a significant market share in the global winter tire market in 2018. This is due to stringent government norms and harsh winters across European countries such as Russia, Germany, and many others. Europe is expected to be followed by North America and Asia-Pacific in terms of revenue generation. Furthermore, the market consists of several market players that are manufacturing and marketing winter tires to cater to the demand for a wide range of customers across the globe. Some of the market players include Michelin Group, The Goodyear Tire & Rubber Co., Continental AG, Pirelli & C. S.p.A., Sumitomo Rubber Industries Ltd., Toyo Tire & Rubber Co., Hankook Tire & Technology Co., Ltd., and Cooper Tire & Rubber Co. among others. All these companies are competing with each other in terms of sales, demands, reliable product development, revenue generation, and also post-sale processes at the global level.
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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
Winter Tire Market Segmentation
By Type
- Studded tier
By Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
By Sales Channel
- OEM
- Aftermarket
Winter Tire Market – Segment by Region
North America
- United States
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle-East, Africa
The Report Covers:
- Comprehensive research methodology of the global winter tire
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global winter tire market.
- Insights about market determinants which are stimulating the global winter tire
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players.
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