Abstract
Summary
According to our LPI (LP Information) latest study, the global Tire market size was valued at US$ 145890 million in 2023. With growing demand in downstream market, the Tire is forecast to a readjusted size of US$ 186990 million by 2030 with a CAGR of 3.6% during review period.
The research report highlights the growth potential of the global Tire market. Tire are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Tire. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Tire market.
Tire is a kind of ground rolling circular elastic rubber products assembled on various vehicles or machinery. Usually installed on the metal rim, can support the body, buffer the external impact, realize the contact with the road and ensure the driving performance of the vehicle.
Global core Tire manufacturers include Michelin, Bridgestone, GoodYear etc. The top 5 companies hold a share about 60%. Europe is the largest market, with a share about 30%, followed by China and Americas with the share about 25% and 18%.In terms of product, automotive tires is the largest segment, with a share over 80%.
Key Features:
The report on Tire market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Tire market. It may include historical data, market segmentation by Type (e.g., Automotive Tires, Bicycle Tire), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Tire market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Tire market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Tire industry. This include advancements in Tire technology, Tire new entrants, Tire new investment, and other innovations that are shaping the future of Tire.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Tire market. It includes factors influencing customer ' purchasing decisions, preferences for Tire product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Tire market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Tire market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Tire market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Tire industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Tire market.
Market Segmentation:
Tire market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
Automotive Tires
Bicycle Tire
Motorcycle/ATV Tires
Engineering Tires
Agricultural Tires
Aero Tires
Racing Tires
Segmentation by application
OEM
Aftermarket
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Michelin
Bridgestone
GoodYear
Continental
Sumitomo
Pirelli
Hankook
Yokohama
Zhongce Rubber
Apollo Tyres
Toyo Tire Corporation
Cheng Shin Rubber
Giti
Linglong Tire
MRF
Nexen Tire
Sailun jinyu Group
Kumho Tire
Nokian Tyres
Double Coin
Triangle Tire Group
Guizhou Tyre
Kenda Tires
Qingdao Doublestar
Key Questions Addressed in this Report
What is the 10-year outlook for the global Tire market?
What factors are driving Tire market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Tire market opportunities vary by end market size?
How does Tire break out type, application?
The research report highlights the growth potential of the global Tire market. Tire are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Tire. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Tire market.
Tire is a kind of ground rolling circular elastic rubber products assembled on various vehicles or machinery. Usually installed on the metal rim, can support the body, buffer the external impact, realize the contact with the road and ensure the driving performance of the vehicle.
Global core Tire manufacturers include Michelin, Bridgestone, GoodYear etc. The top 5 companies hold a share about 60%. Europe is the largest market, with a share about 30%, followed by China and Americas with the share about 25% and 18%.In terms of product, automotive tires is the largest segment, with a share over 80%.
Key Features:
The report on Tire market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Tire market. It may include historical data, market segmentation by Type (e.g., Automotive Tires, Bicycle Tire), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Tire market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Tire market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Tire industry. This include advancements in Tire technology, Tire new entrants, Tire new investment, and other innovations that are shaping the future of Tire.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Tire market. It includes factors influencing customer ' purchasing decisions, preferences for Tire product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Tire market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Tire market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Tire market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Tire industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Tire market.
Market Segmentation:
Tire market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
Automotive Tires
Bicycle Tire
Motorcycle/ATV Tires
Engineering Tires
Agricultural Tires
Aero Tires
Racing Tires
Segmentation by application
OEM
Aftermarket
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Michelin
Bridgestone
GoodYear
Continental
Sumitomo
Pirelli
Hankook
Yokohama
Zhongce Rubber
Apollo Tyres
Toyo Tire Corporation
Cheng Shin Rubber
Giti
Linglong Tire
MRF
Nexen Tire
Sailun jinyu Group
Kumho Tire
Nokian Tyres
Double Coin
Triangle Tire Group
Guizhou Tyre
Kenda Tires
Qingdao Doublestar
Key Questions Addressed in this Report
What is the 10-year outlook for the global Tire market?
What factors are driving Tire market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Tire market opportunities vary by end market size?
How does Tire break out type, application?
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Tire Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Tire by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Tire by Country/Region, 2019, 2023 & 2030
2.2 Tire Segment by Type
2.2.1 Automotive Tires
2.2.2 Bicycle Tire
2.2.3 Motorcycle/ATV Tires
2.2.4 Engineering Tires
2.2.5 Agricultural Tires
2.2.6 Aero Tires
2.2.7 Racing Tires
2.3 Tire Sales by Type
2.3.1 Global Tire Sales Market Share by Type (2019-2024)
2.3.2 Global Tire Revenue and Market Share by Type (2019-2024)
2.3.3 Global Tire Sale Price by Type (2019-2024)
2.4 Tire Segment by Application
2.4.1 OEM
2.4.2 Aftermarket
2.5 Tire Sales by Application
2.5.1 Global Tire Sale Market Share by Application (2019-2024)
2.5.2 Global Tire Revenue and Market Share by Application (2019-2024)
2.5.3 Global Tire Sale Price by Application (2019-2024)
3 Global Tire by Company
3.1 Global Tire Breakdown Data by Company
3.1.1 Global Tire Annual Sales by Company (2019-2024)
3.1.2 Global Tire Sales Market Share by Company (2019-2024)
3.2 Global Tire Annual Revenue by Company (2019-2024)
3.2.1 Global Tire Revenue by Company (2019-2024)
3.2.2 Global Tire Revenue Market Share by Company (2019-2024)
3.3 Global Tire Sale Price by Company
3.4 Key Manufacturers Tire Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Tire Product Location Distribution
3.4.2 Players Tire Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Tire by Geographic Region
4.1 World Historic Tire Market Size by Geographic Region (2019-2024)
4.1.1 Global Tire Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Tire Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Tire Market Size by Country/Region (2019-2024)
4.2.1 Global Tire Annual Sales by Country/Region (2019-2024)
4.2.2 Global Tire Annual Revenue by Country/Region (2019-2024)
4.3 Americas Tire Sales Growth
4.4 APAC Tire Sales Growth
4.5 Europe Tire Sales Growth
4.6 Middle East & Africa Tire Sales Growth
5 Americas
5.1 Americas Tire Sales by Country
5.1.1 Americas Tire Sales by Country (2019-2024)
5.1.2 Americas Tire Revenue by Country (2019-2024)
5.2 Americas Tire Sales by Type
5.3 Americas Tire Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Tire Sales by Region
6.1.1 APAC Tire Sales by Region (2019-2024)
6.1.2 APAC Tire Revenue by Region (2019-2024)
6.2 APAC Tire Sales by Type
6.3 APAC Tire Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Tire by Country
7.1.1 Europe Tire Sales by Country (2019-2024)
7.1.2 Europe Tire Revenue by Country (2019-2024)
7.2 Europe Tire Sales by Type
7.3 Europe Tire Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Tire by Country
8.1.1 Middle East & Africa Tire Sales by Country (2019-2024)
8.1.2 Middle East & Africa Tire Revenue by Country (2019-2024)
8.2 Middle East & Africa Tire Sales by Type
8.3 Middle East & Africa Tire Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Tire
10.3 Manufacturing Process Analysis of Tire
10.4 Industry Chain Structure of Tire
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Tire Distributors
11.3 Tire Customer
12 World Forecast Review for Tire by Geographic Region
12.1 Global Tire Market Size Forecast by Region
12.1.1 Global Tire Forecast by Region (2025-2030)
12.1.2 Global Tire Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Tire Forecast by Type
12.7 Global Tire Forecast by Application
13 Key Players Analysis
13.1 Michelin
13.1.1 Michelin Company Information
13.1.2 Michelin Tire Product Portfolios and Specifications
13.1.3 Michelin Tire Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 Michelin Main Business Overview
13.1.5 Michelin Latest Developments
13.2 Bridgestone
13.2.1 Bridgestone Company Information
13.2.2 Bridgestone Tire Product Portfolios and Specifications
13.2.3 Bridgestone Tire Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 Bridgestone Main Business Overview
13.2.5 Bridgestone Latest Developments
13.3 GoodYear
13.3.1 GoodYear Company Information
13.3.2 GoodYear Tire Product Portfolios and Specifications
13.3.3 GoodYear Tire Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 GoodYear Main Business Overview
13.3.5 GoodYear Latest Developments
13.4 Continental
13.4.1 Continental Company Information
13.4.2 Continental Tire Product Portfolios and Specifications
13.4.3 Continental Tire Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 Continental Main Business Overview
13.4.5 Continental Latest Developments
13.5 Sumitomo
13.5.1 Sumitomo Company Information
13.5.2 Sumitomo Tire Product Portfolios and Specifications
13.5.3 Sumitomo Tire Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 Sumitomo Main Business Overview
13.5.5 Sumitomo Latest Developments
13.6 Pirelli
13.6.1 Pirelli Company Information
13.6.2 Pirelli Tire Product Portfolios and Specifications
13.6.3 Pirelli Tire Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 Pirelli Main Business Overview
13.6.5 Pirelli Latest Developments
13.7 Hankook
13.7.1 Hankook Company Information
13.7.2 Hankook Tire Product Portfolios and Specifications
13.7.3 Hankook Tire Sales, Revenue, Price and Gross Margin (2019-2024)
13.7.4 Hankook Main Business Overview
13.7.5 Hankook Latest Developments
13.8 Yokohama
13.8.1 Yokohama Company Information
13.8.2 Yokohama Tire Product Portfolios and Specifications
13.8.3 Yokohama Tire Sales, Revenue, Price and Gross Margin (2019-2024)
13.8.4 Yokohama Main Business Overview
13.8.5 Yokohama Latest Developments
13.9 Zhongce Rubber
13.9.1 Zhongce Rubber Company Information
13.9.2 Zhongce Rubber Tire Product Portfolios and Specifications
13.9.3 Zhongce Rubber Tire Sales, Revenue, Price and Gross Margin (2019-2024)
13.9.4 Zhongce Rubber Main Business Overview
13.9.5 Zhongce Rubber Latest Developments
13.10 Apollo Tyres
13.10.1 Apollo Tyres Company Information
13.10.2 Apollo Tyres Tire Product Portfolios and Specifications
13.10.3 Apollo Tyres Tire Sales, Revenue, Price and Gross Margin (2019-2024)
13.10.4 Apollo Tyres Main Business Overview
13.10.5 Apollo Tyres Latest Developments
13.11 Toyo Tire Corporation
13.11.1 Toyo Tire Corporation Company Information
13.11.2 Toyo Tire Corporation Tire Product Portfolios and Specifications
13.11.3 Toyo Tire Corporation Tire Sales, Revenue, Price and Gross Margin (2019-2024)
13.11.4 Toyo Tire Corporation Main Business Overview
13.11.5 Toyo Tire Corporation Latest Developments
13.12 Cheng Shin Rubber
13.12.1 Cheng Shin Rubber Company Information
13.12.2 Cheng Shin Rubber Tire Product Portfolios and Specifications
13.12.3 Cheng Shin Rubber Tire Sales, Revenue, Price and Gross Margin (2019-2024)
13.12.4 Cheng Shin Rubber Main Business Overview
13.12.5 Cheng Shin Rubber Latest Developments
13.13 Giti
13.13.1 Giti Company Information
13.13.2 Giti Tire Product Portfolios and Specifications
13.13.3 Giti Tire Sales, Revenue, Price and Gross Margin (2019-2024)
13.13.4 Giti Main Business Overview
13.13.5 Giti Latest Developments
13.14 Linglong Tire
13.14.1 Linglong Tire Company Information
13.14.2 Linglong Tire Tire Product Portfolios and Specifications
13.14.3 Linglong Tire Tire Sales, Revenue, Price and Gross Margin (2019-2024)
13.14.4 Linglong Tire Main Business Overview
13.14.5 Linglong Tire Latest Developments
13.15 MRF
13.15.1 MRF Company Information
13.15.2 MRF Tire Product Portfolios and Specifications
13.15.3 MRF Tire Sales, Revenue, Price and Gross Margin (2019-2024)
13.15.4 MRF Main Business Overview
13.15.5 MRF Latest Developments
13.16 Nexen Tire
13.16.1 Nexen Tire Company Information
13.16.2 Nexen Tire Tire Product Portfolios and Specifications
13.16.3 Nexen Tire Tire Sales, Revenue, Price and Gross Margin (2019-2024)
13.16.4 Nexen Tire Main Business Overview
13.16.5 Nexen Tire Latest Developments
13.17 Sailun jinyu Group
13.17.1 Sailun jinyu Group Company Information
13.17.2 Sailun jinyu Group Tire Product Portfolios and Specifications
13.17.3 Sailun jinyu Group Tire Sales, Revenue, Price and Gross Margin (2019-2024)
13.17.4 Sailun jinyu Group Main Business Overview
13.17.5 Sailun jinyu Group Latest Developments
13.18 Kumho Tire
13.18.1 Kumho Tire Company Information
13.18.2 Kumho Tire Tire Product Portfolios and Specifications
13.18.3 Kumho Tire Tire Sales, Revenue, Price and Gross Margin (2019-2024)
13.18.4 Kumho Tire Main Business Overview
13.18.5 Kumho Tire Latest Developments
13.19 Nokian Tyres
13.19.1 Nokian Tyres Company Information
13.19.2 Nokian Tyres Tire Product Portfolios and Specifications
13.19.3 Nokian Tyres Tire Sales, Revenue, Price and Gross Margin (2019-2024)
13.19.4 Nokian Tyres Main Business Overview
13.19.5 Nokian Tyres Latest Developments
13.20 Double Coin
13.20.1 Double Coin Company Information
13.20.2 Double Coin Tire Product Portfolios and Specifications
13.20.3 Double Coin Tire Sales, Revenue, Price and Gross Margin (2019-2024)
13.20.4 Double Coin Main Business Overview
13.20.5 Double Coin Latest Developments
13.21 Triangle Tire Group
13.21.1 Triangle Tire Group Company Information
13.21.2 Triangle Tire Group Tire Product Portfolios and Specifications
13.21.3 Triangle Tire Group Tire Sales, Revenue, Price and Gross Margin (2019-2024)
13.21.4 Triangle Tire Group Main Business Overview
13.21.5 Triangle Tire Group Latest Developments
13.22 Guizhou Tyre
13.22.1 Guizhou Tyre Company Information
13.22.2 Guizhou Tyre Tire Product Portfolios and Specifications
13.22.3 Guizhou Tyre Tire Sales, Revenue, Price and Gross Margin (2019-2024)
13.22.4 Guizhou Tyre Main Business Overview
13.22.5 Guizhou Tyre Latest Developments
13.23 Kenda Tires
13.23.1 Kenda Tires Company Information
13.23.2 Kenda Tires Tire Product Portfolios and Specifications
13.23.3 Kenda Tires Tire Sales, Revenue, Price and Gross Margin (2019-2024)
13.23.4 Kenda Tires Main Business Overview
13.23.5 Kenda Tires Latest Developments
13.24 Qingdao Doublestar
13.24.1 Qingdao Doublestar Company Information
13.24.2 Qingdao Doublestar Tire Product Portfolios and Specifications
13.24.3 Qingdao Doublestar Tire Sales, Revenue, Price and Gross Margin (2019-2024)
13.24.4 Qingdao Doublestar Main Business Overview
13.24.5 Qingdao Doublestar Latest Developments
14 Research Findings and Conclusion