Global Automotive Tyre Market Growth 2023-2029

Global Automotive Tyre Market Growth 2023-2029

Automotive Tyre is a ring-shaped vehicle component that covers the wheel's rim to protect it and enable better vehicle performance. Automotive Tyre provide traction between the vehicle and the road while providing a flexible cushion that absorbs shock.

LPI (LP Information)' newest research report, the “Automotive Tyre Industry Forecast” looks at past sales and reviews total world Automotive Tyre sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Tyre sales for 2023 through 2029. With Automotive Tyre sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Tyre industry.

This Insight Report provides a comprehensive analysis of the global Automotive Tyre 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 Automotive Tyre portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Tyre market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Tyre 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 Automotive Tyre.

The global Automotive Tyre 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.

The Europe held the largest share in the global market, its revenue of global market exceeds 35%. The next is Asia Pacific. Bridgestone, GoodYear, Continental, Michelin and Sumitomo are the top 5 manufacturers of industry, and they had about 55% combined market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Tyre market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

OE Tyres

Replacement Tyres

Segmentation by application

Commercial Vehicle

Passenger 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 Automotive Tyre market?

What factors are driving Automotive Tyre market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive Tyre market opportunities vary by end market size?

How does Automotive Tyre 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.