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Light Truck Tyre-Global Market Insights and Sales Trends 2024
Synopsis
Light Truck Tyre is a ring-shaped component that surrounds a wheel's rim to transfer a vehicle's load from the axle through the wheel to the ground and to provide traction on the surface traveled over.
The global Light Truck Tyre market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Light Truck Tyre in various end use industries. The expanding demands from the OEM and Aftermarket, are propelling Light Truck Tyre market. Radial Tire, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Bias Tire segment is estimated at % CAGR for the next seven-year period.
In 2022, global tire sales reached 1.749 billion units, of which the three major markets of Europe, North America and China will collectively sell 1.14 billion units, accounting for 65% of the total. China is the world's largest tire producer and exporter. Among the top 75 tire companies in 2022 released by Tire Business, 34 are Chinese companies (including 5 from Taiwan), with a total sale of approximately US$ 34.5 billion, accounting for approximately 19.42% of the total global sales. According to data from the National Bureau of Statistics, by the end of December 2022, the output of rubber tire casings in China was about 856 million. According to the data of the General Administration of Customs, in 2022, the cumulative export volume of rubber tires in China was 7.65 million tons, a year-on-year increase of 4.7%; the export value was ¥131.418 billion, an increase of 16%; the trade surplus was 103.709 billion yuan, an increase of ¥15.89 billion.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Light Truck Tyre, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Light Truck Tyre market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Light Truck Tyre market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Light Truck Tyre sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Light Truck Tyre covered in this report include Michelin, Bridgestone, Continental, Pirelli, Goodyear, Shanghai Huayi, Sumitomo Rubber Industries, ZC Rubber and Yokohama, etc.
The global Light Truck Tyre market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Michelin
Bridgestone
Continental
Pirelli
Goodyear
Shanghai Huayi
Sumitomo Rubber Industries
ZC Rubber
Yokohama
Nokian Tyres
Hankook
Maxxis
Triangle Group
Global Light Truck Tyre market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Light Truck Tyre market, Segment by Type:
Radial Tire
Bias Tire
Global Light Truck Tyre market, by Application
OEM
Aftermarket
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Light Truck Tyre manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Light Truck Tyre in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Light Truck Tyre is a ring-shaped component that surrounds a wheel's rim to transfer a vehicle's load from the axle through the wheel to the ground and to provide traction on the surface traveled over.
The global Light Truck Tyre market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Light Truck Tyre in various end use industries. The expanding demands from the OEM and Aftermarket, are propelling Light Truck Tyre market. Radial Tire, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Bias Tire segment is estimated at % CAGR for the next seven-year period.
In 2022, global tire sales reached 1.749 billion units, of which the three major markets of Europe, North America and China will collectively sell 1.14 billion units, accounting for 65% of the total. China is the world's largest tire producer and exporter. Among the top 75 tire companies in 2022 released by Tire Business, 34 are Chinese companies (including 5 from Taiwan), with a total sale of approximately US$ 34.5 billion, accounting for approximately 19.42% of the total global sales. According to data from the National Bureau of Statistics, by the end of December 2022, the output of rubber tire casings in China was about 856 million. According to the data of the General Administration of Customs, in 2022, the cumulative export volume of rubber tires in China was 7.65 million tons, a year-on-year increase of 4.7%; the export value was ¥131.418 billion, an increase of 16%; the trade surplus was 103.709 billion yuan, an increase of ¥15.89 billion.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Light Truck Tyre, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Light Truck Tyre market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Light Truck Tyre market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Light Truck Tyre sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Light Truck Tyre covered in this report include Michelin, Bridgestone, Continental, Pirelli, Goodyear, Shanghai Huayi, Sumitomo Rubber Industries, ZC Rubber and Yokohama, etc.
The global Light Truck Tyre market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Michelin
Bridgestone
Continental
Pirelli
Goodyear
Shanghai Huayi
Sumitomo Rubber Industries
ZC Rubber
Yokohama
Nokian Tyres
Hankook
Maxxis
Triangle Group
Global Light Truck Tyre market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Light Truck Tyre market, Segment by Type:
Radial Tire
Bias Tire
Global Light Truck Tyre market, by Application
OEM
Aftermarket
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Light Truck Tyre manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Light Truck Tyre in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Light Truck Tyre Market Overview
1.1 Light Truck Tyre Product Overview
1.2 Light Truck Tyre Market Segment by Type
1.2.1 Radial Tire
1.2.2 Bias Tire
1.3 Global Light Truck Tyre Market Size by Type
1.3.1 Global Light Truck Tyre Market Size Overview by Type (2018-2029)
1.3.2 Global Light Truck Tyre Historic Market Size Review by Type (2018-2023)
1.3.3 Global Light Truck Tyre Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Light Truck Tyre Sales Breakdown by Type (2018-2023)
1.4.2 Europe Light Truck Tyre Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Light Truck Tyre Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Light Truck Tyre Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Light Truck Tyre Sales Breakdown by Type (2018-2023)
2 Global Light Truck Tyre Market Competition by Company
2.1 Global Top Players by Light Truck Tyre Sales (2018-2023)
2.2 Global Top Players by Light Truck Tyre Revenue (2018-2023)
2.3 Global Top Players by Light Truck Tyre Price (2018-2023)
2.4 Global Top Manufacturers Light Truck Tyre Manufacturing Base Distribution, Sales Area, Product Type
2.5 Light Truck Tyre Market Competitive Situation and Trends
2.5.1 Light Truck Tyre Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Light Truck Tyre Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Light Truck Tyre as of 2022)
2.7 Date of Key Manufacturers Enter into Light Truck Tyre Market
2.8 Key Manufacturers Light Truck Tyre Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Light Truck Tyre Status and Outlook by Region
3.1 Global Light Truck Tyre Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Light Truck Tyre Historic Market Size by Region
3.2.1 Global Light Truck Tyre Sales in Volume by Region (2018-2023)
3.2.2 Global Light Truck Tyre Sales in Value by Region (2018-2023)
3.2.3 Global Light Truck Tyre Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Light Truck Tyre Forecasted Market Size by Region
3.3.1 Global Light Truck Tyre Sales in Volume by Region (2024-2029)
3.3.2 Global Light Truck Tyre Sales in Value by Region (2024-2029)
3.3.3 Global Light Truck Tyre Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Light Truck Tyre by Application
4.1 Light Truck Tyre Market Segment by Application
4.1.1 OEM
4.1.2 Aftermarket
4.2 Global Light Truck Tyre Market Size by Application
4.2.1 Global Light Truck Tyre Market Size Overview by Application (2018-2029)
4.2.2 Global Light Truck Tyre Historic Market Size Review by Application (2018-2023)
4.2.3 Global Light Truck Tyre Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Light Truck Tyre Sales Breakdown by Application (2018-2023)
4.3.2 Europe Light Truck Tyre Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Light Truck Tyre Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Light Truck Tyre Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Light Truck Tyre Sales Breakdown by Application (2018-2023)
5 North America Light Truck Tyre by Country
5.1 North America Light Truck Tyre Historic Market Size by Country
5.1.1 North America Light Truck Tyre Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Light Truck Tyre Sales in Volume by Country (2018-2023)
5.1.3 North America Light Truck Tyre Sales in Value by Country (2018-2023)
5.2 North America Light Truck Tyre Forecasted Market Size by Country
5.2.1 North America Light Truck Tyre Sales in Volume by Country (2024-2029)
5.2.2 North America Light Truck Tyre Sales in Value by Country (2024-2029)
6 Europe Light Truck Tyre by Country
6.1 Europe Light Truck Tyre Historic Market Size by Country
6.1.1 Europe Light Truck Tyre Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Light Truck Tyre Sales in Volume by Country (2018-2023)
6.1.3 Europe Light Truck Tyre Sales in Value by Country (2018-2023)
6.2 Europe Light Truck Tyre Forecasted Market Size by Country
6.2.1 Europe Light Truck Tyre Sales in Volume by Country (2024-2029)
6.2.2 Europe Light Truck Tyre Sales in Value by Country (2024-2029)
7 Asia-Pacific Light Truck Tyre by Region
7.1 Asia-Pacific Light Truck Tyre Historic Market Size by Region
7.1.1 Asia-Pacific Light Truck Tyre Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Light Truck Tyre Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Light Truck Tyre Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Light Truck Tyre Forecasted Market Size by Region
7.2.1 Asia-Pacific Light Truck Tyre Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Light Truck Tyre Sales in Value by Region (2024-2029)
8 Latin America Light Truck Tyre by Country
8.1 Latin America Light Truck Tyre Historic Market Size by Country
8.1.1 Latin America Light Truck Tyre Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Light Truck Tyre Sales in Volume by Country (2018-2023)
8.1.3 Latin America Light Truck Tyre Sales in Value by Country (2018-2023)
8.2 Latin America Light Truck Tyre Forecasted Market Size by Country
8.2.1 Latin America Light Truck Tyre Sales in Volume by Country (2024-2029)
8.2.2 Latin America Light Truck Tyre Sales in Value by Country (2024-2029)
9 Middle East and Africa Light Truck Tyre by Country
9.1 Middle East and Africa Light Truck Tyre Historic Market Size by Country
9.1.1 Middle East and Africa Light Truck Tyre Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Light Truck Tyre Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Light Truck Tyre Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Light Truck Tyre Forecasted Market Size by Country
9.2.1 Middle East and Africa Light Truck Tyre Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Light Truck Tyre Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Michelin
10.1.1 Michelin Company Information
10.1.2 Michelin Introduction and Business Overview
10.1.3 Michelin Light Truck Tyre Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Michelin Light Truck Tyre Products Offered
10.1.5 Michelin Recent Development
10.2 Bridgestone
10.2.1 Bridgestone Company Information
10.2.2 Bridgestone Introduction and Business Overview
10.2.3 Bridgestone Light Truck Tyre Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Bridgestone Light Truck Tyre Products Offered
10.2.5 Bridgestone Recent Development
10.3 Continental
10.3.1 Continental Company Information
10.3.2 Continental Introduction and Business Overview
10.3.3 Continental Light Truck Tyre Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Continental Light Truck Tyre Products Offered
10.3.5 Continental Recent Development
10.4 Pirelli
10.4.1 Pirelli Company Information
10.4.2 Pirelli Introduction and Business Overview
10.4.3 Pirelli Light Truck Tyre Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Pirelli Light Truck Tyre Products Offered
10.4.5 Pirelli Recent Development
10.5 Goodyear
10.5.1 Goodyear Company Information
10.5.2 Goodyear Introduction and Business Overview
10.5.3 Goodyear Light Truck Tyre Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Goodyear Light Truck Tyre Products Offered
10.5.5 Goodyear Recent Development
10.6 Shanghai Huayi
10.6.1 Shanghai Huayi Company Information
10.6.2 Shanghai Huayi Introduction and Business Overview
10.6.3 Shanghai Huayi Light Truck Tyre Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Shanghai Huayi Light Truck Tyre Products Offered
10.6.5 Shanghai Huayi Recent Development
10.7 Sumitomo Rubber Industries
10.7.1 Sumitomo Rubber Industries Company Information
10.7.2 Sumitomo Rubber Industries Introduction and Business Overview
10.7.3 Sumitomo Rubber Industries Light Truck Tyre Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Sumitomo Rubber Industries Light Truck Tyre Products Offered
10.7.5 Sumitomo Rubber Industries Recent Development
10.8 ZC Rubber
10.8.1 ZC Rubber Company Information
10.8.2 ZC Rubber Introduction and Business Overview
10.8.3 ZC Rubber Light Truck Tyre Sales, Revenue and Gross Margin (2018-2023)
10.8.4 ZC Rubber Light Truck Tyre Products Offered
10.8.5 ZC Rubber Recent Development
10.9 Yokohama
10.9.1 Yokohama Company Information
10.9.2 Yokohama Introduction and Business Overview
10.9.3 Yokohama Light Truck Tyre Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Yokohama Light Truck Tyre Products Offered
10.9.5 Yokohama Recent Development
10.10 Nokian Tyres
10.10.1 Nokian Tyres Company Information
10.10.2 Nokian Tyres Introduction and Business Overview
10.10.3 Nokian Tyres Light Truck Tyre Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Nokian Tyres Light Truck Tyre Products Offered
10.10.5 Nokian Tyres Recent Development
10.11 Hankook
10.11.1 Hankook Company Information
10.11.2 Hankook Introduction and Business Overview
10.11.3 Hankook Light Truck Tyre Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Hankook Light Truck Tyre Products Offered
10.11.5 Hankook Recent Development
10.12 Maxxis
10.12.1 Maxxis Company Information
10.12.2 Maxxis Introduction and Business Overview
10.12.3 Maxxis Light Truck Tyre Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Maxxis Light Truck Tyre Products Offered
10.12.5 Maxxis Recent Development
10.13 Triangle Group
10.13.1 Triangle Group Company Information
10.13.2 Triangle Group Introduction and Business Overview
10.13.3 Triangle Group Light Truck Tyre Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Triangle Group Light Truck Tyre Products Offered
10.13.5 Triangle Group Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Light Truck Tyre Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Light Truck Tyre Industrial Chain Analysis
11.4 Light Truck Tyre Market Dynamics
11.4.1 Light Truck Tyre Industry Trends
11.4.2 Light Truck Tyre Market Drivers
11.4.3 Light Truck Tyre Market Challenges
11.4.4 Light Truck Tyre Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Light Truck Tyre Distributors
12.3 Light Truck Tyre Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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