Automotive Tire Market by Season Type (Summer, and All-Season & Winter), Rim Size (Less Than 15 Inches, 15 to 20 Inches and More than 20 Inches), Vehicle Type (Passenger Vehicle, Commercial Vehicle, and Electric vehicle), Load Index (Up to 100 and More Than 100), and Distribution Channel (OEM and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2021–2030
A rubber tire is a component that is installed around the rim of a wheel to transfer a vehicle's load from the axle to the ground. When the tire travels over a rough surface, the majority of the tire is pneumatically inflated to provide a flexible cushion with shock absorption.
Furthermore, due to rising fuel efficiency norms encouraging the development of alternative energy-driven vehicles; automobile manufacturers are leaning toward electric and alternative fuel automobiles. The increase in commercial and passenger automobile production as well as more advanced technology, creates a demand for automotive tires across the globe. For instance, Bridgestone has developed innovative tires Ecopia EP500 Ologic. These tires are based on Ologic technology, which combines the advantages of a high diameter with a narrower breadth. Furthermore, this solution improves fuel efficiency by reducing rolling resistance and environmental impacts.
The automotive tire market is segmented on the basis of season type, rim size, vehicle type, load index, distribution channel and region. Based on type, it is divided into summer, and all season & winter. Based on rim size, it is segmented into less than 15 inches, 15 to 20 inch and more than 20 inches. On the basis of vehicle type, it is divided into passenger cars, commercial vehicles, and electric vehicles. On the basis of load index, it is divided into up to 100, and above 100. Based on distribution channel, it is segmented into OEM and aftermarket. Region wise, it is analyzed across North America, Europe, Asia-Pacific and LAMEA.
The global key players profiled in the report are Apollo Tyres Ltd, Bridgestone Corporation, CEAT Limited, Continental AG, Hankook & Company Co., Ltd., JK Tyre & INDUSTRIES LTD., Michelin, MRF Limited, Nokian Tyres PLC, Pirelli & C. S.p.A, Sailun Group Co., Ltd., Salsons Impex Pvt. Ltd, Shandong Linglong Group Co. Ltd., Sumitomo Rubber Industries, Ltd., The Goodyear Tire & Rubber Company, The Yokohama Rubber Co., Ltd., Triangle Tire Co., Ltd., Toyo Tire Corporation, Wanli Tire Co., Ltd., and Zhongce Rubber Group Co., Ltd.
KEY BENEFITS FOR STAKEHOLDERS
This study presents analytical depiction of the global automotive tire market analysis along with the current trends and future estimations to depict imminent investment pockets.
The overall automotive tire market opportunity is determined by understanding profitable trends to gain a stronger foothold.
The report presents information related to the key drivers, restraints, and opportunities of the global automotive tire market with a detailed impact analysis.
The current automotive tire market is quantitatively analyzed from 2015 to 2030 to benchmark the financial competency.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
KEY MARKET SEGMENTS
By Season Type
Summer
All Season and Winter
By Rim Size
Less Than 15 Inches
15 to 20 Inches
More than 20 Inches
By Vehicle Type
Passenger Vehicle
Commercial Vehicle
Electric vehicle
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
KEY PLAYERS
Apollo Tyres Ltd
Bridgestone Corporation
CEAT Limited
Continental AG
Hankook & Company Co., Ltd.
JK Tyre & INDUSTRIES LTD.
Michelin
MRF Limited
Nokian Tyres PLC
Pirelli & C. S.p.A
Sailun Group Co., Ltd.
Salsons Impex Pvt. Ltd
Shandong Linglong Group Co. Ltd.
Sumitomo Rubber Industries, Ltd.
The Goodyear Tire & Rubber Company
The Yokohama Rubber Co., Ltd.,
Triangle Tire Co., Ltd.,
Toyo Tire Corporation
Wanli Tire Co., Ltd.
Zhongce Rubber Group Co., Ltd.,
List of Company Profiles
Apollo Tyres Ltd
Bridgestone Corporation
CEAT Limited
Continental AG
Hankook & Company Co., Ltd.
JK Tyre & INDUSTRIES LTD.
Michelin
MRF Limited
Nokian Tyres PLC
Pirelli & C. S.p.A, Sailun Group Co., Ltd.
Salsons Impex Pvt. Ltd
Shandong Linglong Group Co. Ltd.
Sumitomo Rubber Industries, Ltd.
The Goodyear Tire & Rubber Company
The Yokohama Rubber Co., Ltd.
Triangle Tire Co., Ltd.
Toyo Tire Corporation
Wanli Tire Co., Ltd.
Zhongce Rubber Group Co., Ltd.
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