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Passenger Tire-Global Market Insights and Sales Trends 2024

Passenger Tire-Global Market Insights and Sales Trends 2024

Publishing Date : Dec, 2023

License Type :
 

Report Code : 1849877

No of Pages : 111

Synopsis
A tire (American English) or tyre (British English; see spelling differences) 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. Most tires, such as those for automobiles and bicycles, are pneumatically inflated structures, which also provide a flexible cushion that absorbs shock as the tire rolls over rough features on the surface. Tires provide a footprint that is designed to match the weight of the vehicle with the bearing strength of the surface that it rolls over by providing a bearing pressure that will not deform the surface excessively.
The global Passenger Tire 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 Passenger Tire in various end use industries. The expanding demands from the OEM and Aftermarket, are propelling Passenger Tire 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 Passenger Tire, 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 Passenger Tire 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 Passenger Tire market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Passenger Tire 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 Passenger Tire covered in this report include Bridgestone Americas Tire Operations, Continental Tire the Americas, Cooper Tire & Rubber, Falken Tire, Giti Tires USA, Goodyear Tire and Rubber, Hankook Tire, Kumho Tire USA and Michelin North America, etc.
The global Passenger Tire market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Bridgestone Americas Tire Operations
Continental Tire the Americas
Cooper Tire & Rubber
Falken Tire
Giti Tires USA
Goodyear Tire and Rubber
Hankook Tire
Kumho Tire USA
Michelin North America
Nexen Tire America
Nitto Tire USA
Pirelli
Sumitomo Rubber Industries
Toyo Tire USA
Yokohama Tire
Global Passenger Tire 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 Passenger Tire market, Segment by Type:
Radial Tire
Bias Tire
Global Passenger Tire 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 Passenger Tire manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Passenger Tire 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.
Index
1 Passenger Tire Market Overview
1.1 Passenger Tire Product Overview
1.2 Passenger Tire Market Segment by Type
1.2.1 Radial Tire
1.2.2 Bias Tire
1.3 Global Passenger Tire Market Size by Type
1.3.1 Global Passenger Tire Market Size Overview by Type (2018-2029)
1.3.2 Global Passenger Tire Historic Market Size Review by Type (2018-2023)
1.3.3 Global Passenger Tire Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Passenger Tire Sales Breakdown by Type (2018-2023)
1.4.2 Europe Passenger Tire Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Passenger Tire Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Passenger Tire Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Passenger Tire Sales Breakdown by Type (2018-2023)
2 Global Passenger Tire Market Competition by Company
2.1 Global Top Players by Passenger Tire Sales (2018-2023)
2.2 Global Top Players by Passenger Tire Revenue (2018-2023)
2.3 Global Top Players by Passenger Tire Price (2018-2023)
2.4 Global Top Manufacturers Passenger Tire Manufacturing Base Distribution, Sales Area, Product Type
2.5 Passenger Tire Market Competitive Situation and Trends
2.5.1 Passenger Tire Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Passenger Tire 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 Passenger Tire as of 2022)
2.7 Date of Key Manufacturers Enter into Passenger Tire Market
2.8 Key Manufacturers Passenger Tire Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Passenger Tire Status and Outlook by Region
3.1 Global Passenger Tire Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Passenger Tire Historic Market Size by Region
3.2.1 Global Passenger Tire Sales in Volume by Region (2018-2023)
3.2.2 Global Passenger Tire Sales in Value by Region (2018-2023)
3.2.3 Global Passenger Tire Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Passenger Tire Forecasted Market Size by Region
3.3.1 Global Passenger Tire Sales in Volume by Region (2024-2029)
3.3.2 Global Passenger Tire Sales in Value by Region (2024-2029)
3.3.3 Global Passenger Tire Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Passenger Tire by Application
4.1 Passenger Tire Market Segment by Application
4.1.1 OEM
4.1.2 Aftermarket
4.2 Global Passenger Tire Market Size by Application
4.2.1 Global Passenger Tire Market Size Overview by Application (2018-2029)
4.2.2 Global Passenger Tire Historic Market Size Review by Application (2018-2023)
4.2.3 Global Passenger Tire Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Passenger Tire Sales Breakdown by Application (2018-2023)
4.3.2 Europe Passenger Tire Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Passenger Tire Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Passenger Tire Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Passenger Tire Sales Breakdown by Application (2018-2023)
5 North America Passenger Tire by Country
5.1 North America Passenger Tire Historic Market Size by Country
5.1.1 North America Passenger Tire Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Passenger Tire Sales in Volume by Country (2018-2023)
5.1.3 North America Passenger Tire Sales in Value by Country (2018-2023)
5.2 North America Passenger Tire Forecasted Market Size by Country
5.2.1 North America Passenger Tire Sales in Volume by Country (2024-2029)
5.2.2 North America Passenger Tire Sales in Value by Country (2024-2029)
6 Europe Passenger Tire by Country
6.1 Europe Passenger Tire Historic Market Size by Country
6.1.1 Europe Passenger Tire Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Passenger Tire Sales in Volume by Country (2018-2023)
6.1.3 Europe Passenger Tire Sales in Value by Country (2018-2023)
6.2 Europe Passenger Tire Forecasted Market Size by Country
6.2.1 Europe Passenger Tire Sales in Volume by Country (2024-2029)
6.2.2 Europe Passenger Tire Sales in Value by Country (2024-2029)
7 Asia-Pacific Passenger Tire by Region
7.1 Asia-Pacific Passenger Tire Historic Market Size by Region
7.1.1 Asia-Pacific Passenger Tire Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Passenger Tire Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Passenger Tire Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Passenger Tire Forecasted Market Size by Region
7.2.1 Asia-Pacific Passenger Tire Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Passenger Tire Sales in Value by Region (2024-2029)
8 Latin America Passenger Tire by Country
8.1 Latin America Passenger Tire Historic Market Size by Country
8.1.1 Latin America Passenger Tire Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Passenger Tire Sales in Volume by Country (2018-2023)
8.1.3 Latin America Passenger Tire Sales in Value by Country (2018-2023)
8.2 Latin America Passenger Tire Forecasted Market Size by Country
8.2.1 Latin America Passenger Tire Sales in Volume by Country (2024-2029)
8.2.2 Latin America Passenger Tire Sales in Value by Country (2024-2029)
9 Middle East and Africa Passenger Tire by Country
9.1 Middle East and Africa Passenger Tire Historic Market Size by Country
9.1.1 Middle East and Africa Passenger Tire Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Passenger Tire Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Passenger Tire Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Passenger Tire Forecasted Market Size by Country
9.2.1 Middle East and Africa Passenger Tire Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Passenger Tire Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Bridgestone Americas Tire Operations
10.1.1 Bridgestone Americas Tire Operations Company Information
10.1.2 Bridgestone Americas Tire Operations Introduction and Business Overview
10.1.3 Bridgestone Americas Tire Operations Passenger Tire Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Bridgestone Americas Tire Operations Passenger Tire Products Offered
10.1.5 Bridgestone Americas Tire Operations Recent Development
10.2 Continental Tire the Americas
10.2.1 Continental Tire the Americas Company Information
10.2.2 Continental Tire the Americas Introduction and Business Overview
10.2.3 Continental Tire the Americas Passenger Tire Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Continental Tire the Americas Passenger Tire Products Offered
10.2.5 Continental Tire the Americas Recent Development
10.3 Cooper Tire & Rubber
10.3.1 Cooper Tire & Rubber Company Information
10.3.2 Cooper Tire & Rubber Introduction and Business Overview
10.3.3 Cooper Tire & Rubber Passenger Tire Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Cooper Tire & Rubber Passenger Tire Products Offered
10.3.5 Cooper Tire & Rubber Recent Development
10.4 Falken Tire
10.4.1 Falken Tire Company Information
10.4.2 Falken Tire Introduction and Business Overview
10.4.3 Falken Tire Passenger Tire Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Falken Tire Passenger Tire Products Offered
10.4.5 Falken Tire Recent Development
10.5 Giti Tires USA
10.5.1 Giti Tires USA Company Information
10.5.2 Giti Tires USA Introduction and Business Overview
10.5.3 Giti Tires USA Passenger Tire Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Giti Tires USA Passenger Tire Products Offered
10.5.5 Giti Tires USA Recent Development
10.6 Goodyear Tire and Rubber
10.6.1 Goodyear Tire and Rubber Company Information
10.6.2 Goodyear Tire and Rubber Introduction and Business Overview
10.6.3 Goodyear Tire and Rubber Passenger Tire Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Goodyear Tire and Rubber Passenger Tire Products Offered
10.6.5 Goodyear Tire and Rubber Recent Development
10.7 Hankook Tire
10.7.1 Hankook Tire Company Information
10.7.2 Hankook Tire Introduction and Business Overview
10.7.3 Hankook Tire Passenger Tire Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Hankook Tire Passenger Tire Products Offered
10.7.5 Hankook Tire Recent Development
10.8 Kumho Tire USA
10.8.1 Kumho Tire USA Company Information
10.8.2 Kumho Tire USA Introduction and Business Overview
10.8.3 Kumho Tire USA Passenger Tire Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Kumho Tire USA Passenger Tire Products Offered
10.8.5 Kumho Tire USA Recent Development
10.9 Michelin North America
10.9.1 Michelin North America Company Information
10.9.2 Michelin North America Introduction and Business Overview
10.9.3 Michelin North America Passenger Tire Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Michelin North America Passenger Tire Products Offered
10.9.5 Michelin North America Recent Development
10.10 Nexen Tire America
10.10.1 Nexen Tire America Company Information
10.10.2 Nexen Tire America Introduction and Business Overview
10.10.3 Nexen Tire America Passenger Tire Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Nexen Tire America Passenger Tire Products Offered
10.10.5 Nexen Tire America Recent Development
10.11 Nitto Tire USA
10.11.1 Nitto Tire USA Company Information
10.11.2 Nitto Tire USA Introduction and Business Overview
10.11.3 Nitto Tire USA Passenger Tire Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Nitto Tire USA Passenger Tire Products Offered
10.11.5 Nitto Tire USA Recent Development
10.12 Pirelli
10.12.1 Pirelli Company Information
10.12.2 Pirelli Introduction and Business Overview
10.12.3 Pirelli Passenger Tire Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Pirelli Passenger Tire Products Offered
10.12.5 Pirelli Recent Development
10.13 Sumitomo Rubber Industries
10.13.1 Sumitomo Rubber Industries Company Information
10.13.2 Sumitomo Rubber Industries Introduction and Business Overview
10.13.3 Sumitomo Rubber Industries Passenger Tire Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Sumitomo Rubber Industries Passenger Tire Products Offered
10.13.5 Sumitomo Rubber Industries Recent Development
10.14 Toyo Tire USA
10.14.1 Toyo Tire USA Company Information
10.14.2 Toyo Tire USA Introduction and Business Overview
10.14.3 Toyo Tire USA Passenger Tire Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Toyo Tire USA Passenger Tire Products Offered
10.14.5 Toyo Tire USA Recent Development
10.15 Yokohama Tire
10.15.1 Yokohama Tire Company Information
10.15.2 Yokohama Tire Introduction and Business Overview
10.15.3 Yokohama Tire Passenger Tire Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Yokohama Tire Passenger Tire Products Offered
10.15.5 Yokohama Tire Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Passenger Tire 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 Passenger Tire Industrial Chain Analysis
11.4 Passenger Tire Market Dynamics
11.4.1 Passenger Tire Industry Trends
11.4.2 Passenger Tire Market Drivers
11.4.3 Passenger Tire Market Challenges
11.4.4 Passenger Tire Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Passenger Tire Distributors
12.3 Passenger Tire 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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