The global automotive tire market is expected to grow at a CAGR of around 4.6% from 2020 to 2027 and expected to reach the market value of around US$ 368.3 Bn by 2027.
Automotive tire or tire is the ring-shaped component surrounded with the wheel's rim to transfer a vehicle's load from the axle through the wheel to the ground particularly to provide traction on the surface traveled over.
Market Dynamics
The increasing automotive production & sales across different vehicles segment is primarily driving the market growth. The rising competition among tire manufacturers across the globe is accelerating the market value. The introduction of advanced technology in the manufacturing process coupled with the rising demand for technically advanced vehicles is further supporting the market value. Furthermore, rapid advancement in technology, fuel efficiency, and safety concerns are projected to provide potential opportunities over the forecast period from 2020 to 2027.
On the other hand, volatile prices of raw materials and the growing market of retreading tires are projected to hinder growth.
All Season Tire registered maximum share in the market
By 2019, all season tire segment accounted for the major share in the global market on the basis of season segmentation. The versatility of these all season tires is particularly supporting its growth. Additionally, the increasing number of middle-class users who prefer the options that re multipurpose is additionally supporting the market value.
Passenger Vehicle segment is leading the global market
By vehicle type, the passenger vehicle segment is leading the market with a major share in 2019. The increasing number of vehicle owners coupled with the rising disposable income of people and improvements in the living standards are other factors supporting the market value. The segment is also projected to maintain its dominance over the forecast timeframe due to continuous innovation in terms of driverless cars, connected cars, and luxurious cars among others.
The market research study on “Automotive Tire Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027”, offers a detailed insight into the global Automotive Tire market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights into the global Automotive Tire market, its product type, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global Automotive Tire market size and volume, and segment markets by product type, application, and geography along with the information on companies operating in the market. The Automotive Tire market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.
Asia Pacific held the major share in the global market
Asia Pacific region is leading the global market with major share due to increasing sales of automotive in the regional market. The favorable government support, increasing disposable income, rising purchasing power of people are some of the factors supporting the regional market growth. The increasing demand of passenger vehicle in the regional market is accelerating the market value. Moreover, the region is also projected to exhibit fastest growth during the estimated timeframe from 2020 to 2027.
The players profiled in the report include Apollo Tires, Ceat Ltd., Coda Development, Continental Group, Cooper Tire & Rubber Company, Goodyear Tire and Rubber Company, Hankook Tire Co. Ltd., JK Tyre & Industries Ltd., Kumho Tire, Maxxis International, Michelin Group, MRF Tyres, Nokian Tyres Plc, Pirelli & C. S.P.A, Sumitomo Rubber Industries, Ltd., The Bridgestone Group, Toyo Tire & Rubber Co. Ltd, Yokohama Rubber Co., Ltd., and Zhongce Rubber Group Co., Ltd.
Market Segmentation
Market By Material
- Natural Rubber
- Synthetic Rubber
Market By Tube
Market By Season
- Winter Tire
- All Season Tire
Market By Vehicle Type
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
Market By Sales Channel
Market By Geography
North America
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table Of Content:
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Automotive Tire
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Automotive Tire Market By Material
1.2.2.1. Global Automotive Tire Market Revenue and Growth Rate Comparison By Material (2020-2027)
1.2.2.2. Global Automotive Tire Market Revenue Share By Material in 2019
1.2.2.3. Natural Rubber
1.2.2.4. Synthetic Rubber
1.2.3. Automotive Tire Market By Tube
1.2.3.1. Global Automotive Tire Market Revenue and Growth Rate Comparison By Tube (2020-2027)
1.2.3.2. Global Automotive Tire Market Revenue Share By Tube in 2019
1.2.3.3. Tubed Tire
1.2.3.4. Tubeless Tire
1.2.4. Automotive Tire Market By Season
1.2.4.1. Global Automotive Tire Market Revenue and Growth Rate Comparison By Season (2020-2027)
1.2.4.2. Global Automotive Tire Market Revenue Share By Season in 2019
1.2.4.3. Winter Tire
1.2.4.4. All Season Tire
1.2.5. Automotive Tire Market By Vehicle Type
1.2.5.1. Global Automotive Tire Market Revenue and Growth Rate Comparison By Vehicle Type (2020-2027)
1.2.5.2. Global Automotive Tire Market Revenue Share By Vehicle Type in 2019
1.2.5.3. Passenger Vehicle
1.2.5.4. Light Commercial Vehicle
1.2.5.5. Heavy Commercial Vehicle
1.2.6. Automotive Tire Market By Sales Channel
1.2.6.1. Global Automotive Tire Market Revenue and Growth Rate Comparison By Sales Channel (2020-2027)
1.2.6.2. OEM
1.2.6.3. Aftermarket
1.2.7. Automotive Tire Market By Geography
1.2.7.1. Global Automotive Tire Market Revenue and Growth Rate Comparison by Geography (2020-2027)
1.2.7.2. North America Automotive Tire Market Revenue and Growth Rate(2020-2027)
1.2.7.3. Europe Automotive Tire Market Revenue and Growth Rate(2020-2027)
1.2.7.4. Asia-Pacific Automotive Tire Market Revenue and Growth Rate(2020-2027)
1.2.7.5. Latin America Automotive Tire Market Revenue and Growth Rate(2020-2027)
1.2.7.6. Middle East and Africa (MEA)Automotive Tire Market Revenue and Growth Rate(2020-2027)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2019
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Automotive Tire Major Manufacturers in 2019
3.2. Manufacturing Plants Distribution of Global Automotive Tire Major Manufacturers in 2019
3.3. R&D Status and Technology Source of Global Automotive Tire Major Manufacturers in 2019
3.4. Raw Materials Sources Analysis of Global Automotive Tire Major Manufacturers in 2019
CHAPTER 4. AUTOMOTIVE TIRE MARKET BY MATERIAL
4.1. Global Automotive Tire Revenue By Material
4.2. Natural Rubber
4.2.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
4.3. Synthetic Rubber
4.3.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
CHAPTER 5. AUTOMOTIVE TIRE MARKET BY TUBE
5.1. Global Automotive Tire Revenue By Tube
5.2. Tubed Tire
5.2.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.3. Tubeless Tire
5.3.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
CHAPTER 6. AUTOMOTIVE TIRE MARKET BY SEASON
6.1. Global Automotive Tire Revenue By Season
6.2. Winter Tire
6.2.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
6.3. All Season Tire
6.3.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
CHAPTER 7. AUTOMOTIVE TIRE MARKET BY VEHICLE TYPE
7.1. Global Automotive Tire Revenue By Vehicle Type
7.2. Passenger Vehicle
7.2.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
7.2.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
7.3. Light Commercial Vehicle
7.3.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
7.3.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
7.4. Heavy Commercial Vehicle
7.4.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
7.4.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
CHAPTER 8. AUTOMOTIVE TIRE MARKET BY SALES CHANNEL
8.1. Global Automotive Tire Revenue By Sales Channel
8.2. OEM
8.2.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
8.2.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
8.3. Aftermarket
8.3.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
8.3.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
CHAPTER 9. NORTH AMERICA AUTOMOTIVE TIRE MARKET BY COUNTRY
9.1. North America Automotive Tire Market Revenue and Growth Rate, 2020 - 2027 ($Million)
9.2. North America Automotive Tire Market Revenue Share Comparison, 2020 & 2027 (%)
9.3. U.S.
9.3.1. U.S. Automotive Tire Market Revenue and Forecast By Material, 2020 - 2027 ($Million)
9.3.2. Market Revenue and Forecast By Tube, 2020 - 2027 ($Million)
9.3.3. Market Revenue and Forecast By Season, 2020 - 2027 ($Million)
9.3.4. Market Revenue and Forecast By Vehicle Type, 2020 - 2027 ($Million)
9.3.5. Market Revenue and Forecast By Sales Channel, 2020 - 2027 ($Million)
9.4. Canada
9.4.1. Market Revenue and Forecast By Material, 2020 - 2027 ($Million)
9.4.2. Market Revenue and Forecast By Tube, 2020 - 2027 ($Million)
9.4.3. Market Revenue and Forecast By Season, 2020 - 2027 ($Million)
9.4.4. Market Revenue and Forecast By Vehicle Type, 2020 - 2027 ($Million)
9.4.5. Market Revenue and Forecast By Sales Channel, 2020 - 2027 ($Million)
CHAPTER 10. EUROPE AUTOMOTIVE TIRE MARKET BY COUNTRY
10.1. Europe Automotive Tire Market Revenue and Growth Rate, 2020 - 2027 ($Million)
10.2. Europe Automotive Tire Market Revenue Share Comparison, 2020 & 2027 (%)
10.3. UK
10.3.1. Market Revenue and Forecast By Material, 2020 - 2027 ($Million)
10.3.2. Market Revenue and Forecast By Tube, 2020 - 2027 ($Million)
10.3.3. Market Revenue and Forecast By Season, 2020 - 2027 ($Million)
10.3.4. Market Revenue and Forecast By Vehicle Type, 2020 - 2027 ($Million)
10.3.5. Market Revenue and Forecast By Sales Channel, 2020 - 2027 ($Million)
10.4. Germany
10.4.1. Market Revenue and Forecast By Material, 2020 - 2027 ($Million)
10.4.2. Market Revenue and Forecast By Tube, 2020 - 2027 ($Million)
10.4.3. Market Revenue and Forecast By Season, 2020 - 2027 ($Million)
10.4.4. Market Revenue and Forecast By Vehicle Type, 2020 - 2027 ($Million)
10.4.5. Market Revenue and Forecast By Sales Channel, 2020 - 2027 ($Million)
10.5. France
10.5.1. Market Revenue and Forecast By Material, 2020 - 2027 ($Million)
10.5.2. Market Revenue and Forecast By Tube, 2020 - 2027 ($Million)
10.5.3. Market Revenue and Forecast By Season, 2020 - 2027 ($Million)
10.5.4. Market Revenue and Forecast By Vehicle Type, 2020 - 2027 ($Million)
10.5.5. Market Revenue and Forecast By Sales Channel, 2020 - 2027 ($Million)
10.6. Spain
10.6.1. Market Revenue and Forecast By Material, 2020 - 2027 ($Million)
10.6.2. Market Revenue and Forecast By Tube, 2020 - 2027 ($Million)
10.6.3. Market Revenue and Forecast By Season, 2020 - 2027 ($Million)
10.6.4. Market Revenue and Forecast By Vehicle Type, 2020 - 2027 ($Million)
10.6.5. Market Revenue and Forecast By Sales Channel, 2020 - 2027 ($Million)
10.7. Rest of Europe
10.7.1. Market Revenue and Forecast By Material, 2020 - 2027 ($Million)
10.7.2. Market Revenue and Forecast By Tube, 2020 - 2027 ($Million)
10.7.3. Market Revenue and Forecast By Season, 2020 - 2027 ($Million)
10.7.4. Market Revenue and Forecast By Vehicle Type, 2020 - 2027 ($Million)
10.7.5. Market Revenue and Forecast By Sales Channel, 2020 - 2027 ($Million)
CHAPTER 11. ASIA-PACIFIC AUTOMOTIVE TIRE MARKET BY COUNTRY
11.1. Asia-Pacific Automotive Tire Market Revenue and Growth Rate, 2020 - 2027 ($Million)
11.2. Asia-Pacific Automotive Tire Market Revenue Share Comparison, 2020 & 2027 (%)
11.3. China
11.3.1. Market Revenue and Forecast By Material, 2020 - 2027 ($Million)
11.3.2. Market Revenue and Forecast By Tube, 2020 - 2027 ($Million)
11.3.3. Market Revenue and Forecast By Season, 2020 - 2027 ($Million)
11.3.4. Market Revenue and Forecast By Vehicle Type, 2020 - 2027 ($Million)
11.3.5. Market Revenue and Forecast By Sales Channel, 2020 - 2027 ($Million)
11.4. Japan
11.4.1. Market Revenue and Forecast By Material, 2020 - 2027 ($Million)
11.4.2. Market Revenue and Forecast By Tube, 2020 - 2027 ($Million)
11.4.3. Market Revenue and Forecast By Season, 2020 - 2027 ($Million)
11.4.4. Market Revenue and Forecast By Vehicle Type, 2020 - 2027 ($Million)
11.4.5. Market Revenue and Forecast By Sales Channel, 2020 - 2027 ($Million)
11.5. India
11.5.1. Market Revenue and Forecast By Material, 2020 - 2027 ($Million)
11.5.2. Market Revenue and Forecast By Tube, 2020 - 2027 ($Million)
11.5.3. Market Revenue and Forecast By Season, 2020 - 2027 ($Million)
11.5.4. Market Revenue and Forecast By Vehicle Type, 2020 - 2027 ($Million)
11.5.5. Market Revenue and Forecast By Sales Channel, 2020 - 2027 ($Million)
11.6. Australia
11.6.1. Market Revenue and Forecast By Material, 2020 - 2027 ($Million)
11.6.2. Market Revenue and Forecast By Tube, 2020 - 2027 ($Million)
11.6.3. Market Revenue and Forecast By Season, 2020 - 2027 ($Million)
11.6.4. Market Revenue and Forecast By Vehicle Type, 2020 - 2027 ($Million)
11.6.5. Market Revenue and Forecast By Sales Channel, 2020 - 2027 ($Million)
11.7. South Korea
11.7.1. Market Revenue and Forecast By Material, 2020 - 2027 ($Million)
11.7.2. Market Revenue and Forecast By Tube, 2020 - 2027 ($Million)
11.7.3. Market Revenue and Forecast By Season, 2020 - 2027 ($Million)
11.7.4. Market Revenue and Forecast By Vehicle Type, 2020 - 2027 ($Million)
11.7.5. Market Revenue and Forecast By Sales Channel, 2020 - 2027 ($Million)
11.8. Rest of Asia-Pacific
11.8.1. Market Revenue and Forecast By Material, 2020 - 2027 ($Million)
11.8.2. Market Revenue and Forecast By Tube, 2020 - 2027 ($Million)
11.8.3. Market Revenue and Forecast By Season, 2020 - 2027 ($Million)
11.8.4. Market Revenue and Forecast By Vehicle Type, 2020 - 2027 ($Million)
11.8.5. Market Revenue and Forecast By Sales Channel, 2020 - 2027 ($Million)
CHAPTER 12. LATIN AMERICA AUTOMOTIVE TIRE MARKET BY COUNTRY
12.1. Latin America Automotive Tire Market Revenue and Growth Rate, 2020 - 2027 ($Million)
12.2. Latin America Automotive Tire Market Revenue Share Comparison, 2020 & 2027 (%)
12.3. Brazil
12.3.1. Market Revenue and Forecast By Material, 2020 - 2027 ($Million)
12.3.2. Market Revenue and Forecast By Tube, 2020 - 2027 ($Million)
12.3.3. Market Revenue and Forecast By Season, 2020 - 2027 ($Million)
12.3.4. Market Revenue and Forecast By Vehicle Type, 2020 - 2027 ($Million)
12.3.5. Market Revenue and Forecast By Sales Channel, 2020 - 2027 ($Million)
12.4. Mexico
12.4.1. Market Revenue and Forecast By Material, 2020 - 2027 ($Million)
12.4.2. Market Revenue and Forecast By Tube, 2020 - 2027 ($Million)
12.4.3. Market Revenue and Forecast By Season, 2020 - 2027 ($Million)
12.4.4. Market Revenue and Forecast By Vehicle Type, 2020 - 2027 ($Million)
12.4.5. Market Revenue and Forecast By Sales Channel, 2020 - 2027 ($Million)
12.5. Rest of Latin America
12.5.1. Market Revenue and Forecast By Material, 2020 - 2027 ($Million)
12.5.2. Market Revenue and Forecast By Tube, 2020 - 2027 ($Million)
12.5.3. Market Revenue and Forecast By Season, 2020 - 2027 ($Million)
12.5.4. Market Revenue and Forecast By Vehicle Type, 2020 - 2027 ($Million)
12.5.5. Market Revenue and Forecast By Sales Channel, 2020 - 2027 ($Million)
CHAPTER 13. MIDDLE EAST & AFRICA AUTOMOTIVE TIRE MARKET BY COUNTRY
13.1. Middle East & Africa Automotive Tire Market Revenue and Growth Rate, 2020 - 2027 ($Million)
13.2. Middle East & Africa Automotive Tire Market Revenue Share Comparison, 2020 & 2027 (%)
13.3. GCC
13.3.1. Market Revenue and Forecast By Material, 2020 - 2027 ($Million)
13.3.2. Market Revenue and Forecast By Tube, 2020 - 2027 ($Million)
13.3.3. Market Revenue and Forecast By Season, 2020 - 2027 ($Million)
13.3.4. Market Revenue and Forecast By Vehicle Type, 2020 - 2027 ($Million)
13.3.5. Market Revenue and Forecast By Sales Channel, 2020 - 2027 ($Million)
13.4. South Africa
13.4.1. Market Revenue and Forecast By Material, 2020 - 2027 ($Million)
13.4.2. Market Revenue and Forecast By Tube, 2020 - 2027 ($Million)
13.4.3. Market Revenue and Forecast By Season, 2020 - 2027 ($Million)
13.4.4. Market Revenue and Forecast By Vehicle Type, 2020 - 2027 ($Million)
13.4.5. Market Revenue and Forecast By Sales Channel, 2020 - 2027 ($Million)
13.5. Rest of Middle East & Africa
13.5.1. Market Revenue and Forecast By Material, 2020 - 2027 ($Million)
13.5.2. Market Revenue and Forecast By Tube, 2020 - 2027 ($Million)
13.5.3. Market Revenue and Forecast By Season, 2020 - 2027 ($Million)
13.5.4. Market Revenue and Forecast By Vehicle Type, 2020 - 2027 ($Million)
13.5.5. Market Revenue and Forecast By Sales Channel, 2020 - 2027 ($Million)
CHAPTER 14. COMPANY PROFILE
14.1. Apollo Tires
14.1.1. Company Snapshot
14.1.2. Overview
14.1.3. Financial Overview
14.1.4. Product Portfolio
14.1.5. Key Developments
14.1.6. Strategies
14.2. Ceat Ltd.
14.2.1. Company Snapshot
14.2.2. Overview
14.2.3. Financial Overview
14.2.4. Product Portfolio
14.2.5. Key Developments
14.2.6. Strategies
14.3. Coda Development
14.3.1. Company Snapshot
14.3.2. Overview
14.3.3. Financial Overview
14.3.4. Product Portfolio
14.3.5. Key Developments
14.3.6. Strategies
14.4. Continental Group
14.4.1. Company Snapshot
14.4.2. Overview
14.4.3. Financial Overview
14.4.4. Product Portfolio
14.4.5. Key Developments
14.4.6. Strategies
14.5. Cooper Tire & Rubber Company
14.5.1. Company Snapshot
14.5.2. Overview
14.5.3. Financial Overview
14.5.4. Product Portfolio
14.5.5. Key Developments
14.5.6. Strategies
14.6. Goodyear Tire and Rubber Company
14.6.1. Company Snapshot
14.6.2. Overview
14.6.3. Financial Overview
14.6.4. Product Portfolio
14.6.5. Key Developments
14.6.6. Strategies
14.7. Hankook Tire Co. Ltd.
14.7.1. Company Snapshot
14.7.2. Overview
14.7.3. Financial Overview
14.7.4. Product Portfolio
14.7.5. Key Developments
14.7.6. Strategies
14.8. JK Tyre & Industries Ltd.
14.8.1. Company Snapshot
14.8.2. Overview
14.8.3. Financial Overview
14.8.4. Product Portfolio
14.8.5. Key Developments
14.8.6. Strategies
14.9. Kumho Tire
14.9.1. Company Snapshot
14.9.2. Overview
14.9.3. Financial Overview
14.9.4. Product Portfolio
14.9.5. Key Developments
14.9.6. Strategies
14.10. Maxxis International
14.10.1. Company Snapshot
14.10.2. Overview
14.10.3. Financial Overview
14.10.4. Product Portfolio
14.10.5. Key Developments
14.10.6. Strategies
14.11. Others
14.11.1. Company Snapshot
14.11.2. Overview
14.11.3. Financial Overview
14.11.4. Product Portfolio
14.11.5. Key Developments
14.11.6. Strategies
CHAPTER 15. RESEARCH APPROACH
15.1. Research Methodology
15.1.1. Initial Data Search
15.1.2. Secondary Research
15.1.3. Primary Research
15.2. Assumptions and Scope