Latin America Tire Market
Latin America Tire Market Size, Share & Trends Analysis Report By Vehicle Type (Passenger Cars, Light & Medium Commercial Vehicle, Heavy Commercial Vehicle, Two-Wheeler and Other), By Road Application (All-Season Tire, Summer Tire, Winter Tire and Other), By Construction (Radial Tire and Bias Ply Tire), By Tire Type (Tubeless Tire and Tubbed Tire), By Sales Channel (OEM and Aftermarket) Forecast Period 2020-2026 Update Available - Forecast 2024-2030
The Latin America tire market is projected to register a CAGR of 3.6% during the forecast period (2020-2026). The flat automotive market and economic instability will impact the growth of the market in the region. Moreover, due to the COVID-19 pandemic, a significant downfall in vehicle sales has been witnessed which will further decrease the demand for the tire from the OEM side. However, a positive trend in the market growth is expected in the forthcoming years, which will drive the market growth. The expansion by various global players such as Pirelli, Sumitomo, Goodyear, and Cooper Tire also represents a positive prospect for the market in the region.
The Latin American tire market is segmented based on vehicle type, road application, construction, tire type, and sales channel. By vehicle type, the market is further segmented into passenger cars, light & medium commercial vehicles, heavy commercial vehicles, two-wheeler, and other. Passenger cars are expected to maintain a major market share during the forecast period. The market is further studied based on geography and is segmented into Mexico, Brazil, Argentina, Chile, Colombia, and others. Brazil and Mexico cover a large chunk of the regional market.
Some of the key players of the Latin America tire market include Pirelli & C. S.p.A., Sumitomo Rubber Industries Ltd., Michelin Group, Goodyear Tire and Rubber Co., Cooper Tire & Rubber Co., Trelleborg AB among others. The market players are significantly contributing to the market growth by adopting various strategies including mergers, & acquisitions, collaborations, new product launch, and geographical expansion, to stay competitive in the market.
Research Methodology
The market study of the Latin America tire market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts as to bring more authenticity to the reports.
Secondary Sources Include
- Financial reports of companies involved in the market.
- Whitepapers, research-papers, and news blogs.
- Company websites and their product catalog.
The report is intended for tire manufacturers & distributors, automakers, auto-ancillary companies, start-ups, venture capitalists, seed funders, research organizations, and other related organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, products offered by the companies, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.
Market Segmentation
- Latin America Tire Market Research and Analysis by Vehicle Type
- Latin America Tire Market Research and Analysis by Road Application
- Latin America Tire Market Research and Analysis by Construction
- Latin America Tire Market Research and Analysis by Tire Type
- Latin America Tire Market Research and Analysis by Sales Channel
The Report Covers
- Comprehensive research methodology of the Latin America Tire market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Latin America Tire industry.
- Insights about market determinants which are stimulating the Latin America Tire market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
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
2.3. Rules & Regulations
3. Market Determinants
3.1. Motivators
3.2. Restraints
3.3. Opportunities
4. Market Segmentation
4.1. Latin America Automotive Tire Market by Vehicle Type
4.1.1. Passenger Cars
4.1.2. Light &Medium Commercial Vehicle
4.1.3. Heavy Commercial Vehicle
4.1.4. Two-Wheeler
4.1.5. Other (Construction, Agricultural, Customized Sports)
4.2. Latin America Automotive Tire Market by Road Application
4.2.1. All-Season Tire
4.2.2. Summer Tire
4.2.3. Winter Tire
4.2.4. Other (All-Terrain Tire)
4.3. Latin America Automotive Tire Market By Construction
4.3.1. Radial Tire
4.3.2. Bias PlyTire
4.4. Latin America Automotive Tire Market by Tire Type
4.4.1. Tubeless Tire
4.4.2. Tubbed Tire
4.5. Latin America Automotive Tire Market by Sales Channel
4.5.1. OEM (Original Equipment Manufacturer)
4.5.2. Aftermarket (Replacement)
5. Regional Analysis
5.1. Mexico
5.2. Argentina
5.3. Brazil
5.4. Chile
5.5. Colombia
5.6. Rest of Latin America
6. Company Profiles
6.1. Ceat Ltd.
6.1.1. Overview
6.1.2. Ceat Ltd. in Latin America
6.1.3. Ceat Ltd. in Tire Landscape
6.1.4. Recent Developments
6.2. Continental AG
6.3. Giti Tire Pte Ltd.
6.4. Goodyear Tire and Rubber Co.
6.5. Hankook Tire Co. Ltd.
6.6. JKTyre& Industries Ltd.
6.7. Michelin Group
6.8. Pirelli & C. S.p.A.
6.9. Sumitomo Rubber Industries Ltd.
6.10. The Yokohama Rubber Co, Ltd.
6.11. Toyo Tire Corp.
6.12. Trelleborg AB (Standard Tyres Ltd.)
1. LATIN AMERICA TIRE MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2019-2026 ($ MILLION)
2. LATIN AMERICA PASSENGER CARS TIRE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
3. LATIN AMERICA LIGHT & MEDIUM COMMERCIAL VEHICLE TIRE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
4. LATIN AMERICA HEAVY COMMERCIAL VEHICLE TIRE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
5. LATIN AMERICA TWO-WHEELER TIRE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
6. LATIN AMERICA OTHER VEHICLE TIRE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
7. LATIN AMERICA TIRE MARKET RESEARCH AND ANALYSIS BY ROAD APPLICATION, 2019-2026 ($ MILLION)
8. LATIN AMERICA ALL-SEASON TIRE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
9. LATIN AMERICA SUMMER TIRE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
10. LATIN AMERICA WINTER TIRE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
11. LATIN AMERICA OTHER APPLICATION TIRE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
12. LATIN AMERICA TIRE MARKET RESEARCH AND ANALYSIS BY TIRE CONSTRUCTION, 2019-2026 ($ MILLION)
13. LATIN AMERICA RADIAL TIRE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
14. LATIN AMERICA BIAS PLY TIRE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
15. LATIN AMERICA TIRE MARKET RESEARCH AND ANALYSIS BY TIRE TYPE, 2019-2026 ($ MILLION)
16. LATIN AMERICA TUBELESS TIRE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
17. LATIN AMERICA TUBBED TIRE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
18. ARGENTINA TIRE MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2019-2026 ($ MILLION)
19. MEXICO TIRE MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2019-2026 ($ MILLION)
20. MEXICO TIRE MARKET RESEARCH AND ANALYSIS BY ROAD APPLICATION, 2019-2026 ($ MILLION)
21. MEXICO TIRE MARKET RESEARCH AND ANALYSIS BY CONSTRUCTION, 2019-2026 ($ MILLION)
22. MEXICO TIRE MARKET RESEARCH AND ANALYSIS BY TIRE TYPE, 2019-2026 ($ MILLION)
23. MEXICO TIRE MARKET RESEARCH AND ANALYSIS BY SALES CHANNEL, 2019-2026 ($ MILLION)
24. ARGENTINA TIRE MARKET RESEARCH AND ANALYSIS BY ROAD APPLICATION, 2019-2026 ($ MILLION)
25. ARGENTINA TIRE MARKET RESEARCH AND ANALYSIS BY CONSTRUCTION, 2019-2026 ($ MILLION)
26. ARGENTINA TIRE MARKET RESEARCH AND ANALYSIS BY TIRE TYPE, 2019-2026 ($ MILLION)
27. ARGENTINA TIRE MARKET RESEARCH AND ANALYSIS BY SALES CHANNEL, 2019-2026 ($ MILLION)
28. BRAZIL TIRE MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2019-2026 ($ MILLION)
29. BRAZIL TIRE MARKET RESEARCH AND ANALYSIS BY ROAD APPLICATION, 2019-2026 ($ MILLION)
30. BRAZIL TIRE MARKET RESEARCH AND ANALYSIS BY CONSTRUCTION, 2019-2026 ($ MILLION)
31. BRAZIL TIRE MARKET RESEARCH AND ANALYSIS BY TIRE TYPE, 2019-2026 ($ MILLION)
32. BRAZIL TIRE MARKET RESEARCH AND ANALYSIS BY SALES CHANNEL, 2019-2026 ($ MILLION)
33. CHILE TIRE MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2019-2026 ($ MILLION)
34. CHILE TIRE MARKET RESEARCH AND ANALYSIS BY ROAD APPLICATION, 2019-2026 ($ MILLION)
35. CHILE TIRE MARKET RESEARCH AND ANALYSIS BY CONSTRUCTION, 2019-2026 ($ MILLION)
36. CHILE TIRE MARKET RESEARCH AND ANALYSIS BY TIRE TYPE, 2019-2026 ($ MILLION)
37. CHILE TIRE MARKET RESEARCH AND ANALYSIS BY SALES CHANNEL, 2019-2026 ($ MILLION)
38. COLOMBIA TIRE MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2019-2026 ($ MILLION)
39. COLOMBIA TIRE MARKET RESEARCH AND ANALYSIS BY ROAD APPLICATION, 2019-2026 ($ MILLION)
40. COLOMBIA TIRE MARKET RESEARCH AND ANALYSIS BY CONSTRUCTION, 2019-2026 ($ MILLION)
41. COLOMBIA TIRE MARKET RESEARCH AND ANALYSIS BY TIRE TYPE, 2019-2026 ($ MILLION)
42. COLOMBIA TIRE MARKET RESEARCH AND ANALYSIS BY SALES CHANNEL, 2019-2026 ($ MILLION)
43. REST OF LATIN AMERICA TIRE MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2019-2026 ($ MILLION)
44. REST OF LATIN AMERICA TIRE MARKET RESEARCH AND ANALYSIS BY ROAD APPLICATION, 2019-2026 ($ MILLION)
45. REST OF LATIN AMERICA TIRE MARKET RESEARCH AND ANALYSIS BY CONSTRUCTION, 2019-2026 ($ MILLION)
46. REST OF LATIN AMERICA TIRE MARKET RESEARCH AND ANALYSIS BY TIRE TYPE, 2019-2026 ($ MILLION)
47. REST OF LATIN AMERICA TIRE MARKET RESEARCH AND ANALYSIS BY SALES CHANNEL, 2019-2026 ($ MILLION)
1. LATIN AMERICA TIRE MARKET SHARE BY VEHICLE TYPE, 2019 VS 2026 (%)
2. LATIN AMERICA TIRE MARKET SHARE BY ROAD APPLICATION, 2019 VS 2026 (%)
3. LATIN AMERICA TIRE MARKET SHARE BY CONSTRUCTION, 2019 VS 2026 (%)
4. LATIN AMERICA TIRE MARKET SHARE BY TIRE TYPE, 2019 VS 2026 (%)
5. LATIN AMERICA TIRE MARKET SHARE BY SALES CHANNEL, 2019 VS 2026 (%)
6. LATIN AMERICA TIRE MARKET SHARE BY COUNTRY, 2019 VS 2026 (%)
7. MEXICO TIRE MARKET SIZE, 2019-2026 ($ MILLION)
8. ARGENTINA TIRE MARKET SIZE, 2019-2026 ($ MILLION)
9. BRAZIL TIRE MARKET SIZE, 2019-2026 ($ MILLION)
10. COLOMBIA TIRE MARKET SIZE, 2019-2026 ($ MILLION)
11. CHILE TIRE MARKET SIZE, 2019-2026 ($ MILLION)
12. REST OF LATIN AMERICA TIRE MARKET SIZE, 2019-2026 ($ MILLION)
