Global Tire Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Tire Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Tire market finds that the global Tire market reached a value of USD 260390.0 million in 2022. It’s expected that the market will achieve USD 280390.0 million by 2028, exhibiting a CAGR of 1.24% during the forecast period.

Region Overview:

From 2023-2028, Europe is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Bridgestone Corporation, Michelin and The Goodyear Tire & Rubber Company with the revenue market share of 13.57%, 11.81% and 7.50% in 2018.

Bridgestone was founded in 1931 in Japan, its main business includes: tires and tubes for passenger cars, trucks and buses, construction and mining vehicles, industrial machinery, agricultural machinery, aircrafts, motorcycles and scooters, and other automotive parts, retreading materials and services, automotive maintenance and repair services, raw materials for tires, and other products.

Dedicated to the improvement of sustainable mobility, Michelin designs, manufactures and sells tires for every type of vehicle, including airplanes, automobiles, bicycles, earthmovers, farm equipment, heavy-duty trucks and motorcycles. Michelin also offers a full range of innovative services and solutions that help make mobility safer, more efficient and more environmentally friendly.

Segmentation Overview:

Among different product types, Replacement segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the All-season segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Tire market covered in Chapter 3:

Hankook Tire
Pirelli & C. S.p.A.
Bridgestone Corporation
Sumitomo Rubber Industries
Michelin
Cheng Shin Rubber
Continental AG
Zhongce Rubber Group
The Goodyear Tire & Rubber Company
Yokohama Rubber Company

In Chapter 4 and Chapter 14.2, on the basis of types, the Tire market from 2018 to 2029 is primarily split into:

All-season
Winter Tires
Summer Tires
Touring Tires
Other Types

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Tire market from 2018 to 2029 covers:

OEM
Replacement

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)