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Radial Tires-Global Market Insights and Sales Trends 2024
Synopsis
The global Radial Tires 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 Radial Tires in various end use industries. The expanding demands from the Trucks, Car and Others,, are propelling Radial Tires market. All - steel radial tires, 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 Semi - steel radial tires 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 Radial Tires, 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 Radial Tires 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 Radial Tires market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Radial Tires 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 Radial Tires covered in this report include Bridgestone, Goodyear, Michelin, Pirelli, Sumitomo Rubber, Yokohama Rubber, Continental, Cooper Tire & Rubber and KUMHO Tire, etc.
The global Radial Tires 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
Goodyear
Michelin
Pirelli
Sumitomo Rubber
Yokohama Rubber
Continental
Cooper Tire & Rubber
KUMHO Tire
Hankook
Giti Tire
Global Radial Tires 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 Radial Tires market, Segment by Type:
All - steel radial tires
Semi - steel radial tires
Full - fiber radial tire
Global Radial Tires market, by Application
Trucks
Car
Others
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 Radial Tires manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Radial Tires 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.
The global Radial Tires 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 Radial Tires in various end use industries. The expanding demands from the Trucks, Car and Others,, are propelling Radial Tires market. All - steel radial tires, 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 Semi - steel radial tires 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 Radial Tires, 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 Radial Tires 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 Radial Tires market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Radial Tires 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 Radial Tires covered in this report include Bridgestone, Goodyear, Michelin, Pirelli, Sumitomo Rubber, Yokohama Rubber, Continental, Cooper Tire & Rubber and KUMHO Tire, etc.
The global Radial Tires 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
Goodyear
Michelin
Pirelli
Sumitomo Rubber
Yokohama Rubber
Continental
Cooper Tire & Rubber
KUMHO Tire
Hankook
Giti Tire
Global Radial Tires 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 Radial Tires market, Segment by Type:
All - steel radial tires
Semi - steel radial tires
Full - fiber radial tire
Global Radial Tires market, by Application
Trucks
Car
Others
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 Radial Tires manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Radial Tires 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 Radial Tires Market Overview
1.1 Radial Tires Product Overview
1.2 Radial Tires Market Segment by Type
1.2.1 All - steel radial tires
1.2.2 Semi - steel radial tires
1.2.3 Full - fiber radial tire
1.3 Global Radial Tires Market Size by Type
1.3.1 Global Radial Tires Market Size Overview by Type (2018-2029)
1.3.2 Global Radial Tires Historic Market Size Review by Type (2018-2023)
1.3.3 Global Radial Tires Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Radial Tires Sales Breakdown by Type (2018-2023)
1.4.2 Europe Radial Tires Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Radial Tires Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Radial Tires Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Radial Tires Sales Breakdown by Type (2018-2023)
2 Global Radial Tires Market Competition by Company
2.1 Global Top Players by Radial Tires Sales (2018-2023)
2.2 Global Top Players by Radial Tires Revenue (2018-2023)
2.3 Global Top Players by Radial Tires Price (2018-2023)
2.4 Global Top Manufacturers Radial Tires Manufacturing Base Distribution, Sales Area, Product Type
2.5 Radial Tires Market Competitive Situation and Trends
2.5.1 Radial Tires Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Radial Tires 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 Radial Tires as of 2022)
2.7 Date of Key Manufacturers Enter into Radial Tires Market
2.8 Key Manufacturers Radial Tires Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Radial Tires Status and Outlook by Region
3.1 Global Radial Tires Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Radial Tires Historic Market Size by Region
3.2.1 Global Radial Tires Sales in Volume by Region (2018-2023)
3.2.2 Global Radial Tires Sales in Value by Region (2018-2023)
3.2.3 Global Radial Tires Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Radial Tires Forecasted Market Size by Region
3.3.1 Global Radial Tires Sales in Volume by Region (2024-2029)
3.3.2 Global Radial Tires Sales in Value by Region (2024-2029)
3.3.3 Global Radial Tires Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Radial Tires by Application
4.1 Radial Tires Market Segment by Application
4.1.1 Trucks
4.1.2 Car
4.1.3 Others
4.2 Global Radial Tires Market Size by Application
4.2.1 Global Radial Tires Market Size Overview by Application (2018-2029)
4.2.2 Global Radial Tires Historic Market Size Review by Application (2018-2023)
4.2.3 Global Radial Tires Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Radial Tires Sales Breakdown by Application (2018-2023)
4.3.2 Europe Radial Tires Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Radial Tires Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Radial Tires Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Radial Tires Sales Breakdown by Application (2018-2023)
5 North America Radial Tires by Country
5.1 North America Radial Tires Historic Market Size by Country
5.1.1 North America Radial Tires Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Radial Tires Sales in Volume by Country (2018-2023)
5.1.3 North America Radial Tires Sales in Value by Country (2018-2023)
5.2 North America Radial Tires Forecasted Market Size by Country
5.2.1 North America Radial Tires Sales in Volume by Country (2024-2029)
5.2.2 North America Radial Tires Sales in Value by Country (2024-2029)
6 Europe Radial Tires by Country
6.1 Europe Radial Tires Historic Market Size by Country
6.1.1 Europe Radial Tires Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Radial Tires Sales in Volume by Country (2018-2023)
6.1.3 Europe Radial Tires Sales in Value by Country (2018-2023)
6.2 Europe Radial Tires Forecasted Market Size by Country
6.2.1 Europe Radial Tires Sales in Volume by Country (2024-2029)
6.2.2 Europe Radial Tires Sales in Value by Country (2024-2029)
7 Asia-Pacific Radial Tires by Region
7.1 Asia-Pacific Radial Tires Historic Market Size by Region
7.1.1 Asia-Pacific Radial Tires Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Radial Tires Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Radial Tires Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Radial Tires Forecasted Market Size by Region
7.2.1 Asia-Pacific Radial Tires Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Radial Tires Sales in Value by Region (2024-2029)
8 Latin America Radial Tires by Country
8.1 Latin America Radial Tires Historic Market Size by Country
8.1.1 Latin America Radial Tires Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Radial Tires Sales in Volume by Country (2018-2023)
8.1.3 Latin America Radial Tires Sales in Value by Country (2018-2023)
8.2 Latin America Radial Tires Forecasted Market Size by Country
8.2.1 Latin America Radial Tires Sales in Volume by Country (2024-2029)
8.2.2 Latin America Radial Tires Sales in Value by Country (2024-2029)
9 Middle East and Africa Radial Tires by Country
9.1 Middle East and Africa Radial Tires Historic Market Size by Country
9.1.1 Middle East and Africa Radial Tires Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Radial Tires Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Radial Tires Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Radial Tires Forecasted Market Size by Country
9.2.1 Middle East and Africa Radial Tires Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Radial Tires Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Bridgestone
10.1.1 Bridgestone Company Information
10.1.2 Bridgestone Introduction and Business Overview
10.1.3 Bridgestone Radial Tires Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Bridgestone Radial Tires Products Offered
10.1.5 Bridgestone Recent Development
10.2 Goodyear
10.2.1 Goodyear Company Information
10.2.2 Goodyear Introduction and Business Overview
10.2.3 Goodyear Radial Tires Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Goodyear Radial Tires Products Offered
10.2.5 Goodyear Recent Development
10.3 Michelin
10.3.1 Michelin Company Information
10.3.2 Michelin Introduction and Business Overview
10.3.3 Michelin Radial Tires Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Michelin Radial Tires Products Offered
10.3.5 Michelin Recent Development
10.4 Pirelli
10.4.1 Pirelli Company Information
10.4.2 Pirelli Introduction and Business Overview
10.4.3 Pirelli Radial Tires Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Pirelli Radial Tires Products Offered
10.4.5 Pirelli Recent Development
10.5 Sumitomo Rubber
10.5.1 Sumitomo Rubber Company Information
10.5.2 Sumitomo Rubber Introduction and Business Overview
10.5.3 Sumitomo Rubber Radial Tires Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Sumitomo Rubber Radial Tires Products Offered
10.5.5 Sumitomo Rubber Recent Development
10.6 Yokohama Rubber
10.6.1 Yokohama Rubber Company Information
10.6.2 Yokohama Rubber Introduction and Business Overview
10.6.3 Yokohama Rubber Radial Tires Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Yokohama Rubber Radial Tires Products Offered
10.6.5 Yokohama Rubber Recent Development
10.7 Continental
10.7.1 Continental Company Information
10.7.2 Continental Introduction and Business Overview
10.7.3 Continental Radial Tires Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Continental Radial Tires Products Offered
10.7.5 Continental Recent Development
10.8 Cooper Tire & Rubber
10.8.1 Cooper Tire & Rubber Company Information
10.8.2 Cooper Tire & Rubber Introduction and Business Overview
10.8.3 Cooper Tire & Rubber Radial Tires Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Cooper Tire & Rubber Radial Tires Products Offered
10.8.5 Cooper Tire & Rubber Recent Development
10.9 KUMHO Tire
10.9.1 KUMHO Tire Company Information
10.9.2 KUMHO Tire Introduction and Business Overview
10.9.3 KUMHO Tire Radial Tires Sales, Revenue and Gross Margin (2018-2023)
10.9.4 KUMHO Tire Radial Tires Products Offered
10.9.5 KUMHO Tire Recent Development
10.10 Hankook
10.10.1 Hankook Company Information
10.10.2 Hankook Introduction and Business Overview
10.10.3 Hankook Radial Tires Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Hankook Radial Tires Products Offered
10.10.5 Hankook Recent Development
10.11 Giti Tire
10.11.1 Giti Tire Company Information
10.11.2 Giti Tire Introduction and Business Overview
10.11.3 Giti Tire Radial Tires Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Giti Tire Radial Tires Products Offered
10.11.5 Giti Tire Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Radial Tires 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 Radial Tires Industrial Chain Analysis
11.4 Radial Tires Market Dynamics
11.4.1 Radial Tires Industry Trends
11.4.2 Radial Tires Market Drivers
11.4.3 Radial Tires Market Challenges
11.4.4 Radial Tires Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Radial Tires Distributors
12.3 Radial Tires 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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