Automotive Tire Market Overview:
Maximize Market Research, a Automotive Tire business research firm has published a report on the Automotive Tire Market. Which provides Industry Analysis (Market Performance, Segments, Price Analysis, and Outlook).
Estimated Growth Rate for Automotive Tire Market:
Automotive Tire Market size was valued at USD 19.60 Bn in 2023 and Automotive Tire market revenue is expected to reach USD 22.82 Bn by 2030, at a CAGR of 2.2 % over the forecast period.
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Automotive Tire Market Report Scope and Research Methodology:
The scope of the Automotive Tire market analysis encompasses diverse factors, including geographical regions, industry segments, traveller types, and travel service offerings. Research methodologies integrate primary and secondary data collection, employing surveys, interviews, and analysis of industry reports and databases. Assessing the Automotive Tire market scope involves examining the volume and value of business travel transactions, covering expenditures on transportation, accommodation, dining, and ancillary services. Methodologies aim to identify key trends, challenges, and opportunities influencing the market landscape. This comprehensive approach provides valuable insights for strategic decision-making, aiding businesses in navigating the complexities of the Automotive Tire sector and capitalizing on growth prospects.
Automotive Tire Market Regional Insights:
Improved dependability and increasing demand drive growth in the Automotive Tire Market, particularly in North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Geographical observations help investors identify opportunities, with regional evaluations highlighting crucial strategies like mergers and acquisitions. Understanding regional dynamics enables stakeholders to tailor their approaches, leveraging growth prospects and addressing specific Automotive Tire market needs. This insight is vital for informed decision-making and strategic planning across diverse geographic landscapes.
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Automotive Tire Market Segmentation:
by Vehicle Type
Passenger Cars
Light Trucks and SUVs
Commercial Vehicles
Two-Wheelers
The market is divided into four segments: two-wheelers, commercial vehicles, light trucks and SUVs, and passenger cars. The market was dominated by light trucks and SUVs in 2023, and this category is anticipated to continue to maintain the greatest share of the automotive tire market during the forecast period. SUVs and light trucks are preferred by consumers due to their off-road capability, payload capacity, and versatility. They therefore look for tires that go well with these car attributes. Many light vehicle and SUV consumers value the ability to travel off-road. Some of the tires in this category have robust construction and deeper treads for off-road use.
by Tire Type
Summer Tires
All-Season Tires
Winter Tires
Performance Tires
Run-Flat Tires
Off-Road Tires
Specialty Tires
Summer tires, all-season tires, winter tires, performance tires, run-flat tires, off-road tires, and specialty tires make up the market’s segments. The All-Season Tires sector is anticipated to lead the automotive tire market during the forecast period, having had the biggest market share in 2023. All-season tires are made to function well in a variety of weather conditions, such as light snow, rain, and dry conditions. They are appropriate for a variety of driving situations and seasons since they achieve a balance between different performance features. All-season tires usually have a combination of tread blocks and grooves in their tread design.
by Rim Size
13″_15″
16″_18″
19″_21″
>21″
by End-User
OEM (Original Equipment Manufacturer)
Aftermarket
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Table of Content: Automotive Tire Market
Part 01: Executive Summary
Part 02: Scope of the Automotive Tire Market Report
Part 03: Global Automotive Tire Market Landscape
Part 04: Global Automotive Tire Market Sizing
Part 05: Global Automotive Tire Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Automotive Tire Market Key Players:
1. Bridgestone Corporation
2. Michelin
3. Goodyear Tire & Rubber Company
4. Continental AG
5. Pirelli & C. S.p.A.
6. Sumitomo Rubber Industries
7. Hankook Tire Co. Ltd.
8. Cooper Tire & Rubber Company
9. Yokohama Rubber Co., Ltd.
10. Toyo Tire Corporation
11. Kumho Tire Co., Inc.
12. Nokian Tyres plc
13. MRF Ltd.
14. CEAT Ltd.
15. Apollo Tyres Ltd.
16. Nexen Tire Corporation
17. Hankook Tire America Corp.
18. Maxxis International
19. Giti Tire Group
20. Falken Tires
Key questions answered in the Automotive Tire Market are:
- Who are the leading companies and what are their portfolios in Automotive Tire Market?
- What segments are covered in the Automotive Tire Market?
- Who are the key players in the Automotive Tire market?
- What is Automotive Tire?
- What was the Automotive Tire market size in 2023?
- What is the growth rate of the Automotive Tire Market?
- Which are the factors expected to drive the Automotive Tire market growth?
- What are the different segments of the Automotive Tire Market?
- What growth strategies are the players considering to increase their presence in Automotive Tire?
- What are the upcoming industry applications and trends for the Automotive Tire Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Automotive Tire Market?
- What segments are covered in the Automotive Tire Market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size & Forecast by different segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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