Global Studded Snow Tires Supply, Demand and Key Producers, 2024-2030
The global Studded Snow Tires market size is expected to reach $ 5924.8 million by 2030, rising at a market growth of 2.5% CAGR during the forecast period (2024-2030).
The Studded Snow Tires market is driven by the need for superior traction and control in severe winter conditions, such as icy and snowy roads. Studded tires are equipped with metal studs embedded in the tread, providing enhanced grip on slippery surfaces. The market's growth is propelled by the demand for increased safety during winter driving, particularly in regions with harsh climates. Studded snow tires excel in icy terrains, offering stability and improved braking performance. While there are environmental considerations due to road wear and tear, the market continues to thrive as a vital solution for drivers prioritizing maximum traction in extreme winter weather conditions.
Studded snow tires are winter tires that feature metal studs or spikes embedded in the tread to provide enhanced traction on icy and hard-packed snow-covered roads. These metal studs, usually made of tungsten carbide or other durable materials, protrude from the tire's surface and bite into the ice, improving grip and stability in slippery conditions.
This report studies the global Studded Snow Tires production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Studded Snow Tires, and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2023 as the base year. This report explores demand trends and competition, as well as details the characteristics of Studded Snow Tires that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Studded Snow Tires total production and demand, 2019-2030, (K Units)
Global Studded Snow Tires total production value, 2019-2030, (USD Million)
Global Studded Snow Tires production by region & country, production, value, CAGR, 2019-2030, (USD Million) & (K Units)
Global Studded Snow Tires consumption by region & country, CAGR, 2019-2030 & (K Units)
U.S. VS China: Studded Snow Tires domestic production, consumption, key domestic manufacturers and share
Global Studded Snow Tires production by manufacturer, production, price, value and market share 2019-2024, (USD Million) & (K Units)
Global Studded Snow Tires production by Type, production, value, CAGR, 2019-2030, (USD Million) & (K Units)
Global Studded Snow Tires production by Application production, value, CAGR, 2019-2030, (USD Million) & (K Units).
This reports profiles key players in the global Studded Snow Tires market based on the following parameters – company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Bridgestone, Michelin, Continental, Goodyear, Nokian Tyres, Hankook, Nizhnekamskshina, Pirelli and Yokohama, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Studded Snow Tires market.
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (K Units) and average price (US$/Unit) by manufacturer, by Type, and by Application. Data is given for the years 2019-2030 by year with 2023 as the base year, 2024 as the estimate year, and 2025-2030 as the forecast year.
Global Studded Snow Tires Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Studded Snow Tires Market, Segmentation by Type
Radial Tires
Non-Radial Tires
Global Studded Snow Tires Market, Segmentation by Application
Passenger Tires
Light Truck/SUV Tires
Others
Companies Profiled:
Bridgestone
Michelin
Continental
Goodyear
Nokian Tyres
Hankook
Nizhnekamskshina
Pirelli
Yokohama
Toyo Tire
Kumho Tire
Key Questions Answered
1. How big is the global Studded Snow Tires market?
2. What is the demand of the global Studded Snow Tires market?
3. What is the year over year growth of the global Studded Snow Tires market?
4. What is the production and production value of the global Studded Snow Tires market?
5. Who are the key producers in the global Studded Snow Tires market?