Tire Market Size Share Growth Trends Production Consumption Revenue And Forecast 2021 To 2028 Research Report
This industry study presents the global Tire market size, historical breakdown data (2016-2020) and forecast (2021-2028). The Tire production, revenue and market share by manufacturers, key regions and type;
The consumption of Tire in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders Bridgestone Corporation, Continental AG, etc.
A tire (American English) or tyre (British English; see spelling differences) is a ring-shaped component that surrounds a wheel's rim to transfer a vehicle's load from the axle through the wheel to the ground and to provide traction on the surface traveled over. Most tires, such as those for automobiles and bicycles, are pneumatically inflated structures, which also provide a flexible cushion that absorbs shock as the tire rolls over rough features on the surface. Tires provide a footprint that is designed to match the weight of the vehicle with the bearing strength of the surface that it rolls over by providing a bearing pressure that will not deform the surface excessively.
During winter, some countries in Europe such as Iceland, Russia, Latvia, and Norway have enacted regulations that make it mandatory to fit winter tires. Countries in Europe that experience mild winters and in some provinces of Canada, winter tires are partly mandatory when the weather permits. Therefore, the Europe and North America region are very lucrative for winter tire sales and is estimated to witness a steady expansion during the forecast period.
In developing countries the commercial vehicles still dominantly run on bias ply tire. The commercial vehicle segment is however undergoing a rapid radialization or shift of market epicenter from bias ply to radial ply. The developing region such as Asia Pacific and Latin America are thus estimated to witness a high growth of radial tires.
The automotive tire is a major aftermarket replacement part due to its nature to undergo wear and tear. Improvement in infrastructure is raising the number of miles driven, which in turn is boosting the replacement demand for automotive tires.
The following manufacturers are covered in this report:
Bridgestone Corporation
Continental AG
Michelin
The Goodyear Tire & Rubber Company
Pirelli & C.S.p.A
Apollo Tyres
CEAT Ltd
China National Tire & Rubber
Cooper Tire & Rubber
Giti Tire
Hangzhou Zhongce Rubber
Hankook Tire
JK Tyre & Industries
Kumho Tire
Nexen Tire Corporation
Nokian Tyres
Qingdao Fullrun Tyre
Sumitomo Rubber Industries
Toyo Tire & Rubber
Yokohoma Tire
Tire Breakdown Data by Type
Tire Breakdown Data by Application
Tire Production by Region
United States
Europe
China
Japan
South Korea
India
Other Regions
Tire Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
In this study, the years considered to estimate the market size of Tire :
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Tire market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2020 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.