Global Tire Market (2021 to 2026) - Industry Trends, Share, Size, Growth, Opportunity and Forecasts

Dublin, July 06, 2021 (GLOBE NEWSWIRE) -- The "Tire Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The global tire market exhibited moderate growth during 2015-2020. Tires form an essential component of the automobile industry. They provide traction between the vehicle and the road while providing a flexible cushion that absorbs shock. They are manufactured using various materials, including natural and synthetic rubber, carbon black, polyester, rayon, steel, silica and vulcanization accelerator. Nowadays, there is a wide variety of tires available in the global market, which caters to the requirement of different kind of vehicles.

One of the leading factors driving the demand for tires across the globe is the accelerating sales of passenger vehicles, particularly in the emerging economies. Tires perform numerous functions, such as supporting the weight of a vehicle, transmitting accelerating and braking force to the ground, changing or maintaining direction, and absorbing shock from the road surface, which help in improving the overall performance of the vehicle. Along with this, the growing infrastructure activities in both the developed and developing countries are expected to fuel the demand for construction vehicles, which in turn will boost the sales of tires. Besides this, the leading companies are engaging in the development of advanced products, such as ecological, flat-run and nitrogen-based tires, that are environment-friendly. For instance, Bridgestone Corporation, the world's largest tire and rubber company, has introduced the next-generation fuel-efficient tire technology that offers superior fuel efficiency and high inflation pressure to mitigate the deformation of tires significantly. They also continue to support the weight of the vehicle using the reinforced sidewalls even when the tire is punctured, unlike conventional tires. Looking forward, the publisher expects the global tire market to grow at a CAGR of around 4% during 2021-2026.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global tire market, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, end-use, vehicle type, distribution channel and season.

Breakup by Design:

• Radial

• Bias

The market has been categorized based on the design into radial and bias tires. Radial tires currently dominate the market across the globe.

Breakup by End-Use:

• OEM Market

• Replacement Market

Based on the end-use, the market has been bifurcated into OEM and replacement tires. At present, replacemnet segment account for the majority of the market share.

Breakup by Vehicle Type:

• Passenger Cars

• Market Breakup by Rim Size

• Market Breakup by Tire Size

• Price Ranges by Rim Size

• Light Commercial Vehicles

• Market Breakup by Rim Size

• Market Breakup by Tire Size

• Price Ranges by Rim Size

• Medium and Heavy Commercial Vehicles

• Market Breakup by Rim Size

• Market Breakup by Tire Size

• Price Ranges by Rim Size

• Two Wheelers

• Market Breakup by Rim Size

• Market Breakup by Tire Size

• Price Ranges by Rim Size

• Three Wheelers

• Market Breakup by Rim Size

• Market Breakup by Tire Size

• Price Ranges by Rim Size

• Off-The-Road (OTR)

• Market Breakup by Rim Size

• Market Breakup by Tire Size

• Price Ranges by Rim Size

On the basis of the vehicle type, passenger cars hold the largest market share. Other major vehicle types include light commercial vehicles, medium and heavy commercial vehicles, two-wheelers, three-wheelers and off-the-road (OTR) vehicles.

Breakup by Distribution Channel

• Offline

• Online

Based on the distribution channel, the market has been classified into online and offline. Presently, tires are majorly distributed through offline channels.

Breakup by Season

• All Season Tires

• Winter Tires

• Summer Tires

The market has been divided on the basis of the season into all-season, winter and summer tires. Amongst these, all-season tires exhibit a clear dominance in the market.

Breakup by Region:

• North America

• United States

• Canada

• Asia Pacific

• China

• Japan

• India

• South Korea

• Australia

• Indonesia

• Others

• Europe

• Germany

• France

• United Kingdom

• Italy

• Spain

• Russia

• Others

• Latin America

• Brazil

• Mexico

• Argentina

• Columbia

• Chile

• Peru

• Others

• Middle East and Africa

• Turkey

• Saudi Arabia

• Iran

• United Arab Emirates

• Others

Region-wise, Asia Pacific holds the leading position in the market. It is further segmented into China, Japan, India, South Korea, Australia and Indonesia. Other major regions are Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and Others), North America (the United States and Canada), Latin America (Brazil, Mexico, Argentina, Columbia, Chile, Peru and Others), and Middle East and Africa (Turkey, Saudi Arabia, Iran, the United Arab Emirates and Others).

Competitive Landscape:

The competitive landscape of the market has also been analyzed in the report with the detailed profiles of the key players operating in the market. Some of the leading companies include Michelin, Bridgestone, Continental, Goodyear, Sumitomo, Pirelli, Yokohama, Hankook, Toyo, Kumho, etc.

Key Offerings of the Report:

• This report offers an in-depth analysis of the global tire market for 2015-2020 and 2021-2026.

• Historical (2015-2020) and forecast (2021-2026) market data for different segmentations are also provided in the report, including the type, design, end-use, vehicle type, distribution channel, season, and major regions of the tire industry.

• It offers historical (2015-2020) and projected (2021-2026) price trends for the product in each region, along with detailed information on COVID-19 impact.

• It analyses the market structure and scenario, along with assessments as per the SWOT and Porter's Five Forces models, and covers the significant demand and price indicators.

Key Questions Answered:

1. What was the global automotive tire market size in 2019?
2. What will be the tire market outlook during the next five years (2020-2025)?
3. What are the key global tire market drivers?
4. What are the major tire industry trends?
5. Which is the major vehicle segment in the global tire market?
6. Who are the leading tire manufacturers/industry players?
7. Which is the largest regional tire market?
8. What is the dominant tire distribution channel?
9. What is the tire industry growth rate?
10. What is the tire market breakup by season?
11. What are the major tire size segments in the US market in 2020?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Tire Industry
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Design
6.1 Radial Market
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Bias Market
6.2.1 Market Trends
6.2.2 Market Forecast

7 Market Breakup by End-Use
7.1 OEM Market
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Replacement Market
7.2.1 Market Trends
7.2.2 Market Forecast

8 Market Breakup by Vehicle Type
8.1 Passenger Cars
8.1.1 Market Trends
8.1.2 Market Breakup by Rim Size
8.1.3 Market Breakup by Tire Size
8.1.4 Price Ranges by Rim Size
8.1.5 Market Forecast
8.2 Light Commercial Vehicles
8.2.1 Market Trends
8.2.2 Market Breakup by Rim Size
8.2.3 Market Breakup by Tire Size
8.2.4 Price Ranges by Rim Size
8.2.5 Market Forecast
8.3 Medium and Heavy Commercial Vehicles
8.3.1 Market Trends
8.3.2 Market Breakup by Rim Size
8.3.3 Market Breakup by Tire Size
8.3.4 Price Ranges by Rim Size
8.3.5 Market Forecast
8.4 Two Wheelers
8.4.1 Market Trends
8.4.2 Market Breakup by Rim Size
8.4.3 Market Breakup by Tire Size
8.4.4 Price Ranges by Rim Size
8.4.5 Market Forecast
8.5 Three Wheelers
8.5.1 Market Trends
8.5.2 Market Breakup by Rim Size
8.5.3 Market Breakup by Tire Size
8.5.4 Price Ranges by Rim Size
8.5.5 Market Forecast
8.6 Off-The-Road (OTR)
8.6.1 Market Trends
8.6.2 Market Breakup by Rim Size
8.6.3 Market Breakup by Tire Size
8.6.4 Price Ranges by Rim Size
8.6.5 Market Forecast

9 Market Breakup by Distribution Channel
9.1 Offline
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Online
9.2.1 Market Trends
9.2.2 Market Forecast

10 Market Breakup by Season
10.1 All Season Tires
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Winter Tires
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Summer Tires
10.3.1 Market Trends
10.3.2 Market Forecast

11 Market Breakup by Region

12 Tire Pricing
12.1 Price Indicators
12.2 Cost Structure and Margins
12.3 Manufacturer and Distributor Prices
12.4 Price Trends and Forecast

13 SWOT Analysis

14 Value Chain Analysis

15 Porters Five Forces Analysis

16 Competitive Landscape
16.1 Market Share and Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Michelin
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.1.3 Financials
16.3.1.4 SWOT Analysis
16.3.2 Bridgestone
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.2.3 Financials
16.3.2.4 SWOT Analysis
16.3.3 Continental
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.3.3 Financials
16.3.3.4 SWOT Analysis
16.3.4 Goodyear
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.4.3 Financials
16.3.4.4 SWOT Analysis
16.3.5 Sumitomo
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 Financials
16.3.5.4 SWOT Analysis
16.3.6 Pirelli
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.3 Financials
16.3.6.4 SWOT Analysis
16.3.7 Yokohama
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 Financials
16.3.7.4 SWOT Analysis
16.3.8 Hankook
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.8.4 SWOT Analysis
16.3.9 Toyo
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.9.3 Financials
16.3.9.4 SWOT Analysis
16.3.10 Kumho
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.10.3 Financials
16.3.10.4 SWOT Analysis

17 Tire Manufacturing Process
17.1 Product Overview
17.2 Detailed Process Flow
17.3 Various Types of Unit Operations Involved
17.4 Mass Balance and Raw Material Requirements

18 Project Details, Requirements and Costs Involved
18.1 Land Requirements and Expenditures
18.2 Construction Requirements and Expenditures
18.3 Plant Machinery
18.4 Machinery Pictures
18.5 Raw Material Requirements and Expenditures
18.6 Raw Material and Final Product Pictures
18.7 Packaging Requirements and Expenditures
18.8 Transportation Requirements and Expenditures
18.9 Utility Requirements and Expenditures
18.10 Manpower Requirements and Expenditures
18.11 Other Capital Investments

19 Loans and Financial Assistance

20 Project Economics

For more information about this report visit https://www.researchandmarkets.com/r/bcety2

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