Global Studless Car Tire Market Growth 2023-2029

Global Studless Car Tire Market Growth 2023-2029

The global Studless Car Tire market size is projected to grow from US$ 718 million in 2022 to US$ 934.6 million in 2029; it is expected to grow at a CAGR of 3.8% from 2023 to 2029.

The studless car tire market is expected to grow at a steady rate in the coming years due to the increasing demand for safer and more efficient tires in regions with harsh winter conditions. The major sales regions for studless car tires include North America, Europe, and Asia Pacific.North America is the largest market for studless car tires, with the United States being the major contributor to the market growth. The increasing demand for high-performance tires and the growing popularity of SUVs and light trucks are driving the growth of the studless car tire market in North America.Europe is another significant market for studless car tires, with countries like Norway, Sweden, and Finland being the major contributors to the market growth. The harsh winter conditions in these countries have led to the high demand for studless car tires.Asia Pacific is also expected to witness significant growth in the studless car tire market due to the increasing demand for safer and more efficient tires in countries like Japan, China, and South Korea.The studless car tire market is highly concentrated, with a few major players dominating the market. Some of the key players in the market include Bridgestone Corporation, Michelin, Goodyear Tire & Rubber Company, Continental AG, and Pirelli & C. S.p.A.The major opportunities in the studless car tire market include the increasing demand for high-performance tires, the growing popularity of SUVs and light trucks, and the increasing awareness about the importance of safe driving in harsh winter conditions.However, the studless car tire market also faces some challenges, such as the high cost of production and the increasing competition from alternative tire technologies like all-season tires and winter tires with studs. Additionally, the increasing popularity of electric vehicles and the growing trend towards sustainable mobility could also impact the demand for studless car tires in the future.

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

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

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Studless Car 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 Studless Car Tire.

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

Market Segmentation:

Segmentation by type
Winter Tire
Summer Tire

Segmentation by application
Passenger Car
Light Truck
Other

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
Nokian Tyres
Yokohama
Cooper Tire
Pirelli
Nokian
Michelin
Continental
Toyo Tire
Nexen
Dunlop
Goodyear
Sumitomo Rubber Industries
Hankook Tire
Triangle
Kumho Tire
Maxxis

Key Questions Addressed in this Report

What is the 10-year outlook for the global Studless Car Tire market?

What factors are driving Studless Car Tire market growth, globally and by region?

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

How do Studless Car Tire market opportunities vary by end market size?

How does Studless Car 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.