Global Tire Market Growth 2023-2029

Global Tire Market Growth 2023-2029

Tire is a kind of ground rolling circular elastic rubber products assembled on various vehicles or machinery.  Usually installed on the metal rim, can support the body, buffer the external impact, realize the contact with the road and ensure the driving performance of the vehicle.

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

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

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

The global Tire market size is projected to grow from US$ 145890 million in 2022 to US$ 186990 million in 2029; it is expected to grow at a CAGR of 186990 from 2023 to 2029.

Global core Norbornene manufacturers include Michelin, Bridgestone, GoodYear etc. The top 5 companies hold a share about 60%. Europe is the largest market, with a share about 30%, followed by China and Americas with the share about 25% and 18%.In terms of product, automotive tires is the largest segment, with a share over 80%.

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

Market Segmentation:

Segmentation by type
Automotive Tires
Bicycle Tire
Motorcycle/ATV Tires
Engineering Tires
Agricultural Tires
Aero Tires
Racing Tires

Segmentation by application
OEM
Aftermarket

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.
Michelin
Bridgestone
GoodYear
Continental
Sumitomo
Pirelli
Hankook
Yokohama
Zhongce Rubber
Apollo Tyres
Toyo Tire Corporation
Cheng Shin Rubber
Giti
Linglong Tire
MRF
Nexen Tire
Sailun jinyu Group
Kumho Tire
Nokian Tyres
Double Coin
Triangle Tire Group
Guizhou Tyre
Kenda Tires
Qingdao Doublestar

Key Questions Addressed in this Report

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

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

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

How do Tire market opportunities vary by end market size?

How does 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.