Car Tire Market
Car Tire Market Size, Share & Trends Analysis Report by Tire Type (Winter Tires, Summer Tires, and Other Tire Types), by Application (On-the-Road and Off-the-Road), by Vehicle Type (Passenger Cars and Commercial Vehicles), and by End-User (OEM and Aftermarket) Forecast Period (2023-2029) Update Available - Forecast 2024-2030
Car tire market is anticipated to grow at a considerable CAGR of 2.2% during the forecast period. The growing focus on fuel economy, rising demand for convenience, and high maintenance or replacement costs of conventional tires are driving the growth of the car tires market. Another factor that is contributing to the growth of the industry is the adoption of cutting-edge manufacturing technology by OEMs to offer product differentiation through sustainability, durability, and affordability. The demand for retreaded tires is increasing at a significant rate. The retreading of tires helps reduce the operating cost significantly in the aftermarket as it prevents the complete replacement of tires and is, thereby, a cost-effective option.
Segmental Outlook
The global car tire market is segmented based on tire type, application, vehicle type, and end-user. Based on the tire type, the market is segmented into winter tires, summer tires, and others. Based on application, the market is segmented into on-the-road and off-the-road. Further, based on vehicle type, the market is sub-segmented into passenger cars and commercial vehicles. Based on end-user, the market is segmented into OEM and aftermarket. Among the end-user segment, the OEM sub-segment is expected to cater to a prominent market share over the forecast period.
The OEM Sub-Segment Is Anticipated To Hold a Prominent Share of the Global Car Tire Market
Most manufacturing companies are using automation to increase productivity and profitability due to rapid technological advancements. The automotive tire market is expected to witness growth as a result of technological advancements in the global car tire industry, such as the introduction of rimless tires, green tires, and the use of lightweight elastomers and metals such as alloys and carbon fiber or composites such as manganese bronze and nickel aluminum bronze to manufacture tires.
Regional Outlooks
The global car tire market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, the Asia-Pacific regional market is expected to cater to prominent growth over the forecast period.
Global Car Tire Market Growth, by Region 2023-2029
The Asia-Pacific Region Is Expected To Hold Prominent Growth in the Global Car Tire Market
The world’s largest car tire market shrank for a third straight year as Chinese car sales declined by more than 6% in 2020. India is another major market in the region, with its passenger vehicle sales improving after the third quarter of the year. As per the Federation of Automobile Dealers Associations (FADA), passenger vehicle sales in November 2020 were 291,001 units compared to 279,365 units in November 2019, with a 4.17% growth. Growing passenger vehicle sales in emerging markets are contributing to growth in the Asia-Pacific region.
Market Players Outlook
The major companies serving the global car tire market include Bridgestone Corp., Continental AG, Goodyear, Michelin, Pirelli, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in April 2021, Apollo Tires introduced a new product in cross-ply technology in India for the commercial vehicle (CV) segment.
The Report Covers
- Market value data analysis of 2023 and forecast to 2029.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global car tire market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Car Tire Market by Tire Type
4.1.1. Winter Tires
4.1.2. Summer Tires
4.1.3. Others
4.2. Global Car Tire Market by Application
4.2.1. On-the-Road
4.2.2. Off-the-Road
4.3. Global Car Tire Market by Vehicle Type
4.3.1. Passenger Cars
4.3.2. Commercial Vehicles
4.4. Global Car Tire Market by End-User
4.4.1. OEM
4.4.2. Aftermarket
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Apollo Tyres
6.2. Bridgestone Corp.
6.3. CEAT Limited
6.4. Continental AG
6.5. Hankook & Co., Ltd.
6.6. JK Tyre & INDUSTRIES Ltd..
6.7. Michelin, MRF Ltd.
6.8. Nokian Tyres PLC
6.9. Pirelli & C. S.p.A
6.10. Sailun Group Co., Ltd.
6.11. Salsons Impex Pvt. Ltd.
6.12. Shandong Linglong Group Co. Ltd.
6.13. Sumitomo Rubber Industries, Ltd.
6.14. The Goodyear Tire & Rubber Company
6.15. The Yokohama Rubber Co., Ltd.
6.16. Toyo Tire Corporation
6.17. Triangle Tire Co., Ltd.
6.18. Wanli Tire Co., Ltd.
6.19. Zhongce Rubber Group Co., Ltd.
1. GLOBAL CAR TIRE MARKET RESEARCH AND ANALYSIS BY TIRE TYPE, 2021-2029 ($ MILLION)
2. GLOBAL WINTER TIRES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
3. GLOBAL SUMMER TIRES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
4. GLOBAL OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
5. GLOBAL CAR TIRE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2029 ($ MILLION)
6. GLOBAL ON-THE-ROAD TIRE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
7. GLOBAL OFF-THE-ROAD TIRE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
8. GLOBAL CAR TIRE MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2021-2029 ($ MILLION)
9. GLOBAL PASSENGER CAR TIRE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
10. GLOBAL COMMERCIAL VEHICLES TIRE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
11. GLOBAL CAR TIRE MARKET BY END-USER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
12. GLOBAL OEM MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
13. GLOBAL AFTERMARKET MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
14. NORTH AMERICAN CAR TIRE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2029 ($ MILLION)
15. NORTH AMERICAN CAR TIRE MARKET RESEARCH AND ANALYSIS BY TIRE TYPE, 2021-2029 ($ MILLION)
16. NORTH AMERICAN CAR TIRE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2029 ($ MILLION)
17. NORTH AMERICAN CAR TIRE MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2021-2029 ($ MILLION)
18. EUROPEAN CAR TIRE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2029 ($ MILLION)
19. EUROPEAN CAR TIRE MARKET RESEARCH AND ANALYSIS BY TIRE TYPE, 2021-2029 ($ MILLION)
20. EUROPEAN CAR TIRE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2029 ($ MILLION)
21. EUROPEAN CAR TIRE MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2021-2029 ($ MILLION)
22. ASIA-PACIFIC CAR TIRE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2029 ($ MILLION)
23. ASIA-PACIFIC CAR TIRE MARKET RESEARCH AND ANALYSIS BY TIRE TYPE, 2021-2029 ($ MILLION)
24. ASIA-PACIFIC CAR TIRE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2029 ($ MILLION)
25. ASIA-PACIFIC CAR TIRE MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2021-2029 ($ MILLION)
26. REST OF THE WORLD CAR TIRE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2029 ($ MILLION)
27. REST OF THE WORLD CAR TIRE MARKET RESEARCH AND ANALYSIS BY TIRE TYPE, 2021-2029 ($ MILLION)
28. REST OF THE WORLD CAR TIRE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2029 ($ MILLION)
29. REST OF THE WORLD CAR TIRE MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2021-2029 ($ MILLION)
1. GLOBAL CAR TIRE MARKET SHARE ANALYSIS BY TIRE TYPE, 2021-2029 ($ MILLION)
2. GLOBAL WINTER TIRES MARKET SHARE ANALYSIS BY REGION, 2021 VS 2029 (%)
3. GLOBAL SUMMER TIRES MARKET SHARE ANALYSIS BY REGION, 2021 VS 2029 (%)
4. GLOBAL OTHERS MARKET SHARE ANALYSIS BY REGION, 2021 VS 2029 (%)
5. GLOBAL CAR TIRE MARKET SHARE ANALYSIS BY APPLICATION, 2021-2029 ($ MILLION)
6. GLOBAL ON-THE-ROAD MARKET SHARE ANALYSIS BY REGION, 2021 VS 2029 (%)
7. GLOBAL OFF-THE-ROAD MARKET SHARE ANALYSIS BY REGION, 2021 VS 2029 (%)
8. GLOBAL CAR TIRE MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2021 VS 2029 (%)
9. GLOBAL PASSENGER CAR TIRE MARKET SHARE ANALYSIS BY REGION, 2021 VS 2029 (%)
10. GLOBAL COMMERCIAL VEHICLES TIRE MARKET SHARE ANALYSIS BY REGION, 2021 VS 2029 (%)
11. GLOBAL CAR TIRE MARKET SHARE ANALYSIS BY END-USER, 2021 VS 2029 (%)
12. GLOBAL OEM MARKET SHARE ANALYSIS BY REGION, 2021 VS 2029 (%)
13. GLOBAL AFTERMARKET MARKET SHARE ANALYSIS BY REGION, 2021 VS 2029 (%)
14. GLOBAL CAR TIRE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
15. UNITED STATES CAR TIRE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
16. CANADA CAR TIRE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
17. UK CAR TIRE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
18. GERMANY CAR TIRE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
19. ITALY CAR TIRE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
20. SPAIN CAR TIRE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
21. FRANCE CAR TIRE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
22. REST OF EUROPE CAR TIRE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
23. CHINA CAR TIRE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
24. INDIA CAR TIRE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
25. JAPAN CAR TIRE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
26. SOUTH KOREA CAR TIRE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
27. REST OF ASIA-PACIFIC CAR TIRE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
28. REST OF WORLD CAR TIRE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
