Best Prospects in the Global Automotive Tire Market and Strategies for Growth – Includes Automotive Tire Market Share
The Business Research Company’s report goes into great detail on the automotive tire market size and growth, automotive tire market regional analysis, automotive tire market competitive landscape, and other critical information needed to excel in the automotive tire industry.
Major players in the automotive tire market include Bridgestone Corporation, The Goodyear Tire and Rubber Company, Continental AG, Michelin, Sumitomo Rubber Industries, Hankook and Company Co. Ltd., Pirelli, The Yokohama Rubber Co. Ltd, Apollo Tyres Ltd. S.p.A, Toyo Tire Corporation, MRF Limited, JK Tyre and Industries Ltd., CEAT Limited, Nokian Tyres PLC, Sailun Group Co. Ltd., Salsons Impex Pvt. Ltd, Shandong Linglong Group Co. Ltd., Kumho Tire, Giti Tire, Maxxis International, Nexen Tire Corporation, Cooper Tire and Rubber Company, and Cheng Shin Rubber Industry Co.
TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.
The global automotive tire market size is expected to grow from $118.1 billion in 2021 to $123.7 billion in 2022 at a compound annual growth rate (CAGR) of 4.7%. The automotive tyre market size is expected to grow to $151.66 billion in 2026 at a CAGR of 5.2%.
Asia-Pacific was the largest region in the automotive tires market in 2021.
The automotive tire market consists of sales of automotive tires by entities (organizations, sole proprietors, partnerships) that are used in automobiles to support the weight of the vehicle, absorb road shocks, transmit traction, torque, and braking forces to the road surface and maintain and change the direction of travel. Tires are mounted on rims and pressurized air is pumped into them
Increasing production of vehicles and the growing popularity of electric cars and pickup trucks and similar light commercial vehicles propels the market growth of the automotive tire market.
Automotive tire companies are focusing on developing airless tires for passenger and commercial vehicles. The zero-pressure tires ensure zero downtime and no loss of productivity for commercial vehicles and ensure greater auto safety and performance.
TBRC’s Global Automotive Tire Market Report Is Segmented:
By Rim Size: Less Than 15 Inches, 15 to 20 Inches, More Than 20 Inches
By Vehicle Type: Passenger Vehicle, Commercial Vehicle, Electric Vehicle
By Manufacturing: Radial Tire, Bias Tire
By Distribution Channel: Original Equipment Manufacturer (OEM), Aftermarket
By Season Type: Summer, Winter, All Seasons
By Geography: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
The Automotive Tire Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the automotive tire market globally and regionally, analyzes and forecasts market size, share, automotive tire market players, automotive tire market segments, leading competitor revenues, profiles and market shares.
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