Automotive Tires Market
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Exclusive Report on Automotive Tires Market Analysis By Key Players, SWOT Analysis, Growth Factors and Forecast till 2028

Global Automotive Tires Market By Season Type (Summer, Winter And All-Season), By Vehicle Type (Passenger Car, Commercial Vehicle, Light Commercial, Heavy Commercial, And Electric Vehicle), By Rim Size (Less Than 15 Inch, 15 To 20 Inch, And More Than 20 Inch), By Distribution Channel (Oem And Aftermarket) and By Geography – COVID-19 Impact Analysis, Post COVID Analysis, Opportunities, Trends and Forecast from 2021 to 2028

As per the study initiated by Evolve Business Intelligence, the global Automotive Tires Market is expected to grow at a CAGR of 3.24% from 2021 to 2028.

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COVID-19 scenario:

  • The temporary lockdown and restriction have led to supply chain disruption, presenting import and export challenges across different sectors.
  • The companies operating in the Automotive Tires market have been negatively impacted due to the COVID-19 pandemic resulted in a decrease in the growth of the market for 2020 and 2021.

The major factor that has impacted the growth of the market includes Growth in automotive production and sales across various vehicle segments, among others.

The automobile industry has been thriving over the years due to rapid industrialization. The increase in disposable income of people and improvements in the standard of living is responsible for the surge in the sale of luxury cars and premium bikes. Electric vehicles sales are estimated to rise drastically during the forecast period.

Regional Analysis

The presence of leading manufacturer’s manufacturing units in the region, such as BMW AG and Volkswagen Group, allows the Asia Pacific to dominate the global automotive tire market. Furthermore, factors such as the availability of economic labor, low production costs, government initiatives for FDIs, and lenient emission and safety standards have increased investment in the Asia Pacific region.

IMP NOTE: All our reports will be updated considering the impact of the COVID-19 scenario before delivery.

The global Automotive Tires market provides an in-depth analysis of key players which includes:

  • Bridgestone Corporation
  • Continental
  • Michelin
  • Pirelli Tyre C
  • The Goodyear Tire & Rubber Company
  • Toyo Tire Corporation
  • Sumitomo Rubber Industries Ltd
  • The Yokohama Rubber Co. Ltd
  • Hankook Tire & Technology Co. Ltd
  • Nokian Tyres

Parameters

Details

Market Size (2020) $ Billion
CAGR (2021 to 2028) More than 3.24%
Market Segmentation Season Type, Vehicle Type, Rim Size, and Distribution Channel
Companies profiled Bridgestone Corporation, Continental, Michelin, Pirelli Tyre C, The Goodyear Tire & Rubber Company, Toyo Tire Corporation, Sumitomo Rubber Industries Ltd, The Yokohama Rubber Co. Ltd, Hankook Tire & Technology Co. Ltd, Nokian Tyres
Country Covered US, Canada, Mexico, UK, Germany, France, Italy, Rest of Europe, China, India, Japan, South Korea, Rest of Asia Pacific, Middle East & Africa, and South America
Base Year 2020
Estimated Year 2021
Forecast Years 2022 to 2028

 

The global Automotive Tires Market is segmented based on Season Type, Vehicle Type, Rim Size and Distribution Channel. Based on Season Type, the market is segmented as Summer, Winter, and All Season. Based on Vehicle Type, the market is segmented as Passenger Car, Commercial Vehicle, Light Commercial, Heavy Commercial, and Electric Vehicle. Based on Rim Size, the market is segmented as Less than 15 Inches, 15 to 20 Inch, and More than 20 Inches, and based on the Distribution Channel, the market is analyzed on OEM and Aftermarket.

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Key Region/ Countries Covered

  • North America (US, Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
  • Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
  • Rest of the World (the Middle East & Africa and South America)

Key Questioned Answered Through The Report:

  • The Impact of COVID-19 on the global market
  • What are the potential opportunities for new entrants in the global market
  • What is the market Size and Forecast from 2020 to 2028?
  • Key Players associated with the global Automotive Tires Market
  • Value Chain Analysis of Global Automotive Tires Market
  • What is the CAGR of the global Automotive Tires Market from 2021 to 2028
  • Major Growth Factor, Challenges, Trends, and Opportunities in the global market
  • Key outcomes of SWOT Analysis

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging the pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.

Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.

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