Global Auto Tire Market Growth 2023-2029

Global Auto Tire Market Growth 2023-2029

Automotive Tire is a ring-shaped component that surrounds a wheel's rim to transfer a vehicle's load from the axle through the wheel to the ground and to provide traction on the surface traveled over. Most tires are pneumatically inflated structures, which also provide a flexible cushion that absorbs shock as the tires rolls over rough features on the surface. Tires provide a footprint that is designed to match the weight of the vehicle with the bearing strength of the surface that it rolls over by providing a bearing pressure that will not deform the surface excessively.
LPI (LP Information)' newest research report, the “Auto Tire Industry Forecast” looks at past sales and reviews total world Auto Tire sales in 2022, providing a comprehensive analysis by region and market sector of projected Auto Tire sales for 2023 through 2029. With Auto Tire sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Auto Tire industry.
This Insight Report provides a comprehensive analysis of the global Auto Tire landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Auto Tire portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Auto Tire market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Auto Tire and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Auto Tire.
The global Auto Tire market size is projected to grow from US$ 132590 million in 2022 to US$ 191530 million in 2029; it is expected to grow at a CAGR of 191530 from 2023 to 2029.
Global Auto Tire main manufactuers include GoodYear, Bridgestone and Continental, totally accounting for 36% of the market. Europe is the largest market, with a share over 33%. As for the types of products, it can be divided into OE Tire and Replacement Tire. The most common type is Replacement Tire, with a share over 70%. In terms of application, it is widely used in Passenger Vehicle and Commercial Vehicle, accounting for 75% and 25% respectively.
This report presents a comprehensive overview, market shares, and growth opportunities of Auto Tire market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
OE Tire
Replacement Tire
Segmentation by application
Passenger Vehicle
Commercial Vehicle
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Bridgestone
GoodYear
Continental
Michelin
Sumitomo
Hankook
Pirelli
Yokohama
Zhongce Rubber
Toyo Tire Corporation
Cooper Tire
Apollo Tyres
KUMHO TIRES
Linglong Tire
MRF
Cheng Shin Rubber(Maxxis)
Sailun Group
Nokian Tyres
Triangle Tire Group
JK TYRE
AEOLUS TYRE
Giti
Nexen Tire

Key Questions Addressed in this Report
What is the 10-year outlook for the global Auto Tire market?
What factors are driving Auto Tire market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Auto Tire market opportunities vary by end market size?
How does Auto Tire break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.