The Automotive Tires Market is expected to be around US$ 122.18 Billion by 2027 at a CAGR of 1.91% in the given forecast period.
The global Automotive Tires market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Automotive Tires market sh
Automotive tire is the round vehicle component made of rubber used to protect the wheel’s rim externally. A tire is also known as tyre is a ring-shaped component that surrounds a wheel's rim to transference the vehicle's load from the axle through the wheel to the ground and to deliver traction on the surface. The major function of the tire is to protect the wheel rim and offer tractive force between the vehicle and the road surface. Since it is manufactured from rubber, it also delivers a flexible cushion, thereby dropping the influence of the absorbs and vibrations the shock of the vehicle. Rubber tire consists of beads, tread, jointless cap piles, and other materials, which contain carbon black, synthetic rubber, and fabric. The key factors driving the replacement tire market are improved average life of vehicles, increasing miles driven per year, growing concern towards maintenance and safety, technological advancements leading to longer life of tires and other factors. Nevertheless, factors such as volatile prices of raw materials and developments in the market of rethreading tires are predictable to hamper the development of the market. Moreover, advancement in technology and fuel effectiveness and safety concerns coupled with the government support is expected to produce numerous opportunities for the development and growth of the market.
The global Automotive Tires market is segregated on the basis of Season Tire Type as Summer, Winter, and All Season. Based on Vehicle Type the global Automotive Tires market is segmented in Passenger Car, Commercial Vehicle, Light commercial, Heavy commercial, and Electric Vehicle. Based on Rim Size the global Automotive Tires market is segmented in Less than 15, 15 to 20, and more than 20.
Based on Distribution Channel, the global Automotive Tires market is segmented in OEM and Aftermarket.
The global Automotive Tires market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Automotive Tires market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
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MRF Tyres., Apollo., CEAT., Michelin., JK Tyres., Bridgestone., Goodyear, Falken Tyres., BF Goodrich, Bridgestone, Cooper., and others are among the major players in the global Automotive Tires market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Automotive Tires Market has been segmented as below:
Automotive Tires Market, By Season Tire Type
- All Season
Automotive Tires Market, By Vehicle Type
- Passenger Car
- Commercial Vehicle
- Light commercial
- Heavy commercial
- Electric Vehicle
Automotive Tires Market, By Rim Size
- Less than 15
- 15 to 20
- More than 20
Automotive Tires Market, By Distribution Channel
Automotive Tires Market, By Region
- North America
- Rest of the World
Automotive Tires Market, By Company
- MRF Tyres.
- JK Tyres.
- Falken Tyres.
- BF Goodrich
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The report covers:
- Global Automotive Tires market sizes from 2021 to 2027, along with CAGR for 2021-2026
- Market size comparison for 2021 vs 2027, with actual data for 2021, estimates for 2020 and forecast from 2021 to 2027
- Global Automotive Tires market trends, covering comprehensive range of consumer trends & manufacturer trends
- Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Automotive Tires market
- Major market opportunities and challenges in forecast timeframe to be focused
- Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
- Comprehensive company profiles of the key industry players
The global Automotive Tires market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Automotive Tires market share. Major industry players with significant revenu
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