Israel Tire Market, By Vehicle Type (Passenger Cars, Light Commercial Vehicles (LCVs), Medium & Heavy Commercial Vehicles (M&HCVs), Off-The-Road (OTR) Vehicles, Two Wheelers); By Demand Category (OEM, Replacement); By Type of Tire (Radial, Bias); By Sales

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,950	200 Pages	BlueWeave Consulting	September, 2023	BLWC18285343

Best Price Guarantee
Price	from $2,950
Length	200 Pages
Publisher	BlueWeave Consulting
Published Date	September, 2023
SKU	BLWC18285343

Israel Tire Market, By Vehicle Type (Passenger Cars, Light Commercial Vehicles (LCVs), Medium & Heavy Commercial Vehicles (M&HCVs), Off-The-Road (OTR) Vehicles, Two Wheelers); By Demand Category (OEM, Replacement); By Type of Tire (Radial, Bias); By Sales Channel (Dealer/Exclusive Outlets, Online); By Tube Type (Tube, Tubeless), Competitive Landscape & Forecast, 2019–2029

Israel Tire Market Size Set to Grow at Steady CAGR of 3.24% to Touch USD 765.25 Million by 2029

Israel tire market is flourishing due to increasing vehicle ownership, expanding automotive industry, rising demand for high-performance and durable tires, infrastructure development, and adoption of advancements in tire technology.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Israel tire market size at USD 612.16 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Israel tire market size to grow at a CAGR of 3.24% reaching a value of USD 765.25 million by 2029. Israel tire market has seen several notable patterns. The need for environmentally friendly and fuel-efficient tires has increased as the importance of sustainable mobility has increased. Also, as a result of technology improvements, more smart tires with embedded sensors are being used for improved performance and safety monitoring. Due to consumer demand for better driving experiences, the Israel market has seen a trend toward premium and specialized tires. Online retail channels have become more popular, making it easier to buy tires. However, shifting raw material prices and legislative changes provide significant difficulties. Overall, environmental awareness, innovation, and shifting consumer tastes are all present in the Israeli tire market.

Israel Tire Market – Overview

A tire is a circular, rubber-constructed component commonly used in vehicles to provide traction, support, and cushioning between the vehicle and the road surface. It consists of various layers including tread, sidewall, and inner liner, designed to offer grip, stability, and resistance to wear. Tires come in diverse types tailored for specific purposes like passenger cars, trucks, motorcycles, and bicycles, with variations for different terrains and weather conditions. Regular maintenance is essential to ensure proper inflation, tread depth, and overall condition, as tires play a pivotal role in vehicle safety, efficiency, and performance.

Impact of COVID-19 on Israel Tire Market

Israel tire market experienced significant shifts due to COVID-19. Initially, lockdowns and supply chain disruptions led to reduced consumer demand and production delays. Remote work and limited travel suppressed car usage, affecting replacement tire sales. However, a subsequent surge in e-commerce and home deliveries boosted demand for commercial vehicle tires. As restrictions eased, pent-up demand resulted in a rebound, though uncertainties remained. The market adapted to changing preferences, emphasizing online sales and safety-related tire features. Overall, COVID-19 prompted a reshaping of Israel's tire sector, prompting flexibility and innovation to navigate the evolving landscape.

Israel Tire Market – By Demand Category

By demand category, Israel tire market is split into OEM and Replacement segments. These segments demarcate the primary avenues through which tires are integrated into the automotive landscape. The OEM segment dominates the Israel tire market by demand category. The OEM segment encompasses the tires that are directly incorporated into new vehicles during their manufacturing process. This category underscores the collaboration between automakers and tire manufacturers to ensure optimal performance and compatibility.

On the other hand, the replacement segment involves the tires that are purchased by vehicle owners to replace worn-out or damaged tires on existing vehicles. This segment is influenced by factors like vehicle maintenance, road conditions, and consumer preferences

Competitive Landscape

Israel tire market is fiercely competitive. Major companies in the market include Michelin, Bridgestone, Goodyear, Continental, Pirelli, Hankook, Yokohama, Toyo Tires, Nokian Tyres, and Maxxis. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Israel tire market.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Israel Tire Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Israel Tire Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

1. Research Framework: 1.1. Research Objective; 1.2. Product Overview; 1.3. Market Segmentation
2. Executive Summary
3. Israel Tire Market Insights: 3.1. Industry Value Chain Analysis; 3.2. DROC Analysis; 3.2.1. Drivers; 3.2.1.1. The growth of the automotive sector in Israel.; 3.2.1.2. The increasing popularity of SUVs and other heavy-duty vehicles.; 3.2.1.3. The government's focus is on infrastructure development.; 3.2.2. Restraints; 3.2.2.1. Import Dependency; 3.2.2.2. Environmental Concerns; 3.2.3. Opportunities; 3.2.3.1. Innovations in Tire Technology; 3.2.3.2. Electric and Hybrid Vehicles; 3.2.4. Challenges; 3.2.4.1. Infrastructure and Road Conditions; 3.2.4.2. Changing Mobility Trends; 3.3. Technological Advancements/Recent Developments; 3.4. Regulatory Framework; 3.5. Porter’s Five Forces Analysis; 3.5.1. Bargaining Power of Suppliers; 3.5.2. Bargaining Power of Buyers; 3.5.3. Threat of New Entrants; 3.5.4. Threat of Substitutes; 3.5.5. Intensity of Rivalry
4. Israel Tire Market Overview: 4.1. Market Size & Forecast, 2019–2029; 4.1.1. By Value (USD Million); 4.2. Market Share & Forecast; 4.2.1. By Vehicle Type; 4.2.1.1. Passenger Cars; 4.2.1.2. Light Commercial Vehicles (LCVs); 4.2.1.3. Medium & Heavy Commercial Vehicles (M&HCVs); 4.2.1.4. Off The Road (OTR) Vehicles; 4.2.1.5. Two Wheelers; 4.2.2. By Demand Category; 4.2.2.1. OEM; 4.2.2.2. Replacement; 4.2.3. By Type of Tires; 4.2.3.1. Radial; 4.2.3.2. Bias; 4.2.4. By Sales Channel; 4.2.4.1. Dealer/Exclusive Outlets; 4.2.4.2. Online; 4.2.4.3. Others; 4.2.5. By Tube Type; 4.2.5.1. Tube; 4.2.5.2. Tubeless
5. Competitive Landscape: 5.1. List of Key Players and Their Offerings; 5.2. South Africa Insurance Company Market Share Analysis, 2022; 5.3. Competitive Benchmarking, By Operating Parameters; 5.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
6. Impact of Covid–19 on Israel Tire Market
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis): 7.1. Michelin; 7.2. Bridgestone; 7.3. Goodyear; 7.4. Continental; 7.5. Pirelli; 7.6. Hankook; 7.7. Yokohama; 7.8. Toyo Tires; 7.9. Nokian Tyres; 7.10. Maxxis; 7.11. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology: 9.1. Qualitative Research; 9.1.1. Primary & Secondary Research; 9.2. Quantitative Research; 9.3. Market Breakdown & Data Triangulation; 9.3.1. Secondary Research; 9.3.2. Primary Research; 9.4. Breakdown of Primary Research Respondents, By Region; 9.5. Assumptions & Limitations; *Financial information of non-listed companies can be provided as per availability.; **The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures: Figure 1 Israel Tire Segmentation; Figure 2 Israel Tire Market Value Chain Analysis; Figure 3 Company Market Share Analysis, 2022; Figure 4 Israel Tire Market Size, By Value (USD Million), 2019–2029; Figure 5 Israel Tire Market Share, By Vehicle Type, By Value, 2019–2029; Figure 6 Israel Tire Market Share, By Demand Category, By Value, 2019–2029; Figure 7 Israel Tire Market Share, By Type of Tires, By Value, 2019–2029; Figure 8 Israel Tire Market Share, By Sales Channel, By Value, 2019–2029; Figure 9 Israel Tire Market Share, By Tube Type, By Value, 2019–2029
List of Tables: Table 1 Israel Tire Market Size, By Value (USD Million), 2019–2029; Table 2 Israel Tire Market Share, By Vehicle Type, By Value, 2019–2029; Table 3 Israel Tire Market Share, By Demand Category, By Value, 2019–2029; Table 4 Israel Tire Market Share, By Type of Tires, By Value, 2019–2029; Table 5 Israel Tire Market Share, By Sales Channel, By Value, 2019–2029; Table 6 Israel Tire Market Share, By Tube Type, By Value, 2019–2029; Table 7 Michelin Company Overview; Table 8 Michelin Financial Overview; Table 9 Bridgestone Company Overview; Table 10 Bridgestone Financial Overview; Table 11 Goodyear Company Overview; Table 12 Goodyear Financial Overview; Table 13 Continental Company Overview; Table 14 Continental Financial Overview; Table 15 Pirelli Company Overview; Table 16 Pirelli Financial Overview; Table 17 Hankook Company Overview; Table 18 Hankook Financial Overview; Table 19 Yokohama Company Overview; Table 20 Yokohama Financial Overview; Table 21 Toyo Tires Company Overview; Table 22 Toyo Tires Financial Overview; Table 23 Nokian Tyres Company Overview; Table 24 Nokian Tyres Financial Overview; Table 25 Maxxis Company Overview; Table 26 Maxxis Financial Overview; Table 27 Other Prominent Players Company Overview; Table 28 Other Prominent Players Financial Overview