Global Tires Market Growth 2023-2029

Global Tires Market Growth 2023-2029

Tire is in a variety of vehicles or machinery assembled on the ground rolling ring elastic rubber products. Usually mounted on metal rims, it can support the body, cushion the external impact, achieve contact with the road and ensure the vehicle performance. Tires are often used under complex and harsh conditions. They bear various deformation, load, force and high and low temperature when driving, so they must have higher bearing capacity, traction capacity and buffer capacity. At the same time, it also requires high wear resistance and flexural resistance, as well as low rolling resistance and thermogenesis. Half of the world's rubber consumption in tire production, tire consumption capacity can be seen.

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

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

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

The global Tires market size is projected to grow from US$ 22320 million in 2022 to US$ 27850 million in 2029; it is expected to grow at a CAGR of 27850 from 2023 to 2029.

United States market for Tires is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Tires is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Tires is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Tires players cover Michelin, Bridgestone, Goodyear, Continental, Sumitomo Rubber Group, Pirelli, Yokohama Rubber, Hankook and Cooper, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

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

Market Segmentation:

Segmentation by type
Radial Tires
Bias Tires

Segmentation by application
Limousine
Truck
Motocycle
Airplane
Others

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 Rubber Group
Pirelli
Yokohama Rubber
Hankook
Cooper
Kumho Tire
Toyo Tire &Rubber
Apollo Tyres
MRF
NOKIAN
Cheng Shin Tire
Hangzhou Zhongce Rubber
Triangle Tire
Linglong Tire
Aeolus Tire
Shanghai Huayi Group Corporation Limited (Originally Double Coin)
Jiangsu General Science Technology Co, Ltd.
Guizhou Tire
Qingdao Double Star
Xingyuan
Sailun Jinyu Group Co, Ltd
Giti Tire
Shengtai Group
Prinx Chengshan (Shandong) Tire Co, Ltd

Key Questions Addressed in this Report

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

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

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

How do Tires market opportunities vary by end market size?

How does Tires 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.