The Automotive Tires Market is expected to be around US$ 122.18 Billion by 2027 at a CAGR of 1.91% in the given forecast period.
Automotive tire is the round vehicle component made of rubber used to protect the wheel’s rim externally. A tire is also known as tyre is a ring-shaped component that surrounds a wheel’s rim to transference the vehicle’s load from the axle through the wheel to the ground and to deliver traction on the surface. The major function of the tire is to protect the wheel rim and offer tractive force between the vehicle and the road surface. Since it is manufactured from rubber, it also delivers a flexible cushion, thereby dropping the influence of the absorbs and vibrations the shock of the vehicle. Rubber tire consists of beads, tread, jointless cap piles, and other materials, which contain carbon black, synthetic rubber, and fabric. The key factors driving the replacement tire market are improved average life of vehicles, increasing miles driven per year, growing concern towards maintenance and safety, technological advancements leading to longer life of tires and other factors. Nevertheless, factors such as volatile prices of raw materials and developments in the market of rethreading tires are predictable to hamper the development of the market. Moreover, advancement in technology and fuel effectiveness and safety concerns coupled with the government support is expected to produce numerous opportunities for the development and growth of the market.
The global Automotive Tires market is segregated on the basis of Season Tire Type as Summer, Winter, and All Season. Based on Vehicle Type the global Automotive Tires market is segmented in Passenger Car, Commercial Vehicle, Light commercial, Heavy commercial, and Electric Vehicle. Based on Rim Size the global Automotive Tires market is segmented in Less than 15, 15 to 20, and more than 20.
Based on Distribution Channel, the global Automotive Tires market is segmented in OEM and Aftermarket.
The global Automotive Tires market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Automotive Tires market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
MRF Tyres., Apollo., CEAT., Michelin., JK Tyres., Bridgestone., Goodyear, Falken Tyres., BF Goodrich, Bridgestone, Cooper., and others are among the major players in the global Automotive Tires market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Automotive Tires Market has been segmented as below:
Automotive Tires Market, By Season Tire Type
Automotive Tires Market, By Vehicle Type
Automotive Tires Market, By Rim Size
Automotive Tires Market, By Distribution Channel
Automotive Tires Market, By Region
Automotive Tires Market, By Company
The report covers:
Report Scope:
The global Automotive Tires market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Automotive Tires market share. Major industry players with significant revenue share include MRF Tyres., Apollo., CEAT., Michelin., JK Tyres., Bridgestone., Goodyear, Falken Tyres., BF Goodrich, Bridgestone, Cooper., and others.
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
5. Automotive Tires Market, By Season Tire Type
5.1. Key Points
5.2. Summer
5.3. Winter
5.4. All Season
6. Automotive Tires Market, By Vehicle Type
6.1. Key Points
6.2. Passenger Car
6.3. Commercial Vehicle
6.4. Light commercial
6.5. Heavy commercial
6.6. Electric Vehicle
7. Automotive Tires Market, By Rim Size
7.1. Key Points
7.2. Less than 15
7.3. 15 to 20
7.4. More than 20
8. Automotive Tires Market, By Distribution Channel
8.1. Key Points
8.2. OEM
8.3. Aftermarket
9. Competitive Landscape
9.1. Introduction
9.2. Recent Developments
9.2.1. Mergers & Acquisitions
9.2.2. New Product Developments
9.2.3. Portfolio/Production Capacity Expansions
9.2.4. Joint Ventures, Collaborations, Partnerships & Agreements
9.2.5. Others
10. Company Profiles
10.1 MRF Tyres.
10.1.1 Company Overview
10.1.2 Product/Service Landscape
10.1.3 Financial Overview
10.1.4 Recent Developments
10.2 Apollo.
10.2.1 Company Overview
10.2.2 Product/Service Landscape
10.2.3 Financial Overview
10.2.4 Recent Developments
10.3 CEAT.
10.3.1 Company Overview
10.3.2 Product/Service Landscape
10.3.3 Financial Overview
10.3.4 Recent Developments
10.4 Michelin.
10.4.1 Company Overview
10.4.2 Product/Service Landscape
10.4.3 Financial Overview
10.4.4 Recent Developments
10.5 JK Tyres.
10.5.1 Company Overview
10.5.2 Product/Service Landscape
10.5.3 Financial Overview
10.5.4 Recent Developments
10.6 Bridgestone.
10.6.1 Company Overview
10.6.2 Product/Service Landscape
10.6.3 Financial Overview
10.6.4 Recent Developments
10.7 Goodyear
10.7.1 Company Overview
10.7.2 Product/Service Landscape
10.7.3 Financial Overview
10.7.4 Recent Developments
10.8 Falken Tyres.
10.8.1 Company Overview
10.8.2 Product/Service Landscape
10.8.3 Financial Overview
10.8.4 Recent Developments
10.9 BF Goodrich
10.9.1 Company Overview
10.9.2 Product/Service Landscape
10.9.3 Financial Overview
10.9.4 Recent Developments
10.10 Bridgestone
10.10.1 Company Overview
10.10.2 Product/Service Landscape
10.10.3 Financial Overview
10.10.4 Recent Developments
10.11 Cooper.
10.11.1 Company Overview
10.11.2 Product/Service Landscape
10.11.3 Financial Overview
10.11.4 Recent Developments
The Automotive Tires Market has been segmented as below:
Automotive Tires Market, By Season Tire Type
Automotive Tires Market, By Vehicle Type
Automotive Tires Market, By Rim Size
Automotive Tires Market, By Distribution Channel
Automotive Tires Market, By Region
Automotive Tires Market, By Company
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