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Spare Tires-Global Market Insights and Sales Trends 2024
Synopsis
A spare tire (or stepney in some countries) is an additional tire (or tyre - see spelling differences) carried in a motor vehicle as a replacement for one that goes flat, has a blowout, or has another emergency. Spare tire is generally a misnomer, as almost all vehicles actually carry an entire wheel with a tire mounted on it as a spare rather than just a tire, as fitting a tire to a wheel would require a motorist to carry additional, specialized equipment. However, some spare tires ("space-saver" and "donut" types) are not meant to be driven long distances. Space-savers have a maximum speed of around 50 mph (80 km/h).
The global Spare 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 Spare Tires in various end use industries. The expanding demands from the Sedans, SUV, Trucks & Buses and Others, are propelling Spare Tires market. Inner Tube, 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 Tubeless 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 Spare 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 Spare 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 Spare Tires market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Spare 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 Spare Tires covered in this report include Bridgestone, Michelin, Goodyear, Continental, Pirelli, Hankook, Sumitomo, Yokohama and Maxxis, etc.
The global Spare 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
Michelin
Goodyear
Continental
Pirelli
Hankook
Sumitomo
Yokohama
Maxxis
Zhongce
GITI Tire
Cooper Tire
Kumho Tire
Toyo Tire
Apollo Tyres
Triangle Group
Nexen Tire
Hengfeng Rubber
Nokian Tyres
Global Spare 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 Spare Tires market, Segment by Type:
Inner Tube
Tubeless
Global Spare Tires market, by Application
Sedans
SUV
Trucks & Buses
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 Spare Tires manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Spare 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.
A spare tire (or stepney in some countries) is an additional tire (or tyre - see spelling differences) carried in a motor vehicle as a replacement for one that goes flat, has a blowout, or has another emergency. Spare tire is generally a misnomer, as almost all vehicles actually carry an entire wheel with a tire mounted on it as a spare rather than just a tire, as fitting a tire to a wheel would require a motorist to carry additional, specialized equipment. However, some spare tires ("space-saver" and "donut" types) are not meant to be driven long distances. Space-savers have a maximum speed of around 50 mph (80 km/h).
The global Spare 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 Spare Tires in various end use industries. The expanding demands from the Sedans, SUV, Trucks & Buses and Others, are propelling Spare Tires market. Inner Tube, 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 Tubeless 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 Spare 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 Spare 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 Spare Tires market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Spare 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 Spare Tires covered in this report include Bridgestone, Michelin, Goodyear, Continental, Pirelli, Hankook, Sumitomo, Yokohama and Maxxis, etc.
The global Spare 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
Michelin
Goodyear
Continental
Pirelli
Hankook
Sumitomo
Yokohama
Maxxis
Zhongce
GITI Tire
Cooper Tire
Kumho Tire
Toyo Tire
Apollo Tyres
Triangle Group
Nexen Tire
Hengfeng Rubber
Nokian Tyres
Global Spare 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 Spare Tires market, Segment by Type:
Inner Tube
Tubeless
Global Spare Tires market, by Application
Sedans
SUV
Trucks & Buses
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 Spare Tires manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Spare 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 Spare Tires Market Overview
1.1 Spare Tires Product Overview
1.2 Spare Tires Market Segment by Type
1.2.1 Inner Tube
1.2.2 Tubeless
1.3 Global Spare Tires Market Size by Type
1.3.1 Global Spare Tires Market Size Overview by Type (2018-2029)
1.3.2 Global Spare Tires Historic Market Size Review by Type (2018-2023)
1.3.3 Global Spare Tires Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Spare Tires Sales Breakdown by Type (2018-2023)
1.4.2 Europe Spare Tires Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Spare Tires Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Spare Tires Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Spare Tires Sales Breakdown by Type (2018-2023)
2 Global Spare Tires Market Competition by Company
2.1 Global Top Players by Spare Tires Sales (2018-2023)
2.2 Global Top Players by Spare Tires Revenue (2018-2023)
2.3 Global Top Players by Spare Tires Price (2018-2023)
2.4 Global Top Manufacturers Spare Tires Manufacturing Base Distribution, Sales Area, Product Type
2.5 Spare Tires Market Competitive Situation and Trends
2.5.1 Spare Tires Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Spare 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 Spare Tires as of 2022)
2.7 Date of Key Manufacturers Enter into Spare Tires Market
2.8 Key Manufacturers Spare Tires Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Spare Tires Status and Outlook by Region
3.1 Global Spare Tires Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Spare Tires Historic Market Size by Region
3.2.1 Global Spare Tires Sales in Volume by Region (2018-2023)
3.2.2 Global Spare Tires Sales in Value by Region (2018-2023)
3.2.3 Global Spare Tires Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Spare Tires Forecasted Market Size by Region
3.3.1 Global Spare Tires Sales in Volume by Region (2024-2029)
3.3.2 Global Spare Tires Sales in Value by Region (2024-2029)
3.3.3 Global Spare Tires Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Spare Tires by Application
4.1 Spare Tires Market Segment by Application
4.1.1 Sedans
4.1.2 SUV
4.1.3 Trucks & Buses
4.1.4 Others
4.2 Global Spare Tires Market Size by Application
4.2.1 Global Spare Tires Market Size Overview by Application (2018-2029)
4.2.2 Global Spare Tires Historic Market Size Review by Application (2018-2023)
4.2.3 Global Spare Tires Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Spare Tires Sales Breakdown by Application (2018-2023)
4.3.2 Europe Spare Tires Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Spare Tires Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Spare Tires Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Spare Tires Sales Breakdown by Application (2018-2023)
5 North America Spare Tires by Country
5.1 North America Spare Tires Historic Market Size by Country
5.1.1 North America Spare Tires Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Spare Tires Sales in Volume by Country (2018-2023)
5.1.3 North America Spare Tires Sales in Value by Country (2018-2023)
5.2 North America Spare Tires Forecasted Market Size by Country
5.2.1 North America Spare Tires Sales in Volume by Country (2024-2029)
5.2.2 North America Spare Tires Sales in Value by Country (2024-2029)
6 Europe Spare Tires by Country
6.1 Europe Spare Tires Historic Market Size by Country
6.1.1 Europe Spare Tires Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Spare Tires Sales in Volume by Country (2018-2023)
6.1.3 Europe Spare Tires Sales in Value by Country (2018-2023)
6.2 Europe Spare Tires Forecasted Market Size by Country
6.2.1 Europe Spare Tires Sales in Volume by Country (2024-2029)
6.2.2 Europe Spare Tires Sales in Value by Country (2024-2029)
7 Asia-Pacific Spare Tires by Region
7.1 Asia-Pacific Spare Tires Historic Market Size by Region
7.1.1 Asia-Pacific Spare Tires Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Spare Tires Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Spare Tires Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Spare Tires Forecasted Market Size by Region
7.2.1 Asia-Pacific Spare Tires Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Spare Tires Sales in Value by Region (2024-2029)
8 Latin America Spare Tires by Country
8.1 Latin America Spare Tires Historic Market Size by Country
8.1.1 Latin America Spare Tires Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Spare Tires Sales in Volume by Country (2018-2023)
8.1.3 Latin America Spare Tires Sales in Value by Country (2018-2023)
8.2 Latin America Spare Tires Forecasted Market Size by Country
8.2.1 Latin America Spare Tires Sales in Volume by Country (2024-2029)
8.2.2 Latin America Spare Tires Sales in Value by Country (2024-2029)
9 Middle East and Africa Spare Tires by Country
9.1 Middle East and Africa Spare Tires Historic Market Size by Country
9.1.1 Middle East and Africa Spare Tires Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Spare Tires Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Spare Tires Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Spare Tires Forecasted Market Size by Country
9.2.1 Middle East and Africa Spare Tires Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Spare 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 Spare Tires Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Bridgestone Spare Tires Products Offered
10.1.5 Bridgestone Recent Development
10.2 Michelin
10.2.1 Michelin Company Information
10.2.2 Michelin Introduction and Business Overview
10.2.3 Michelin Spare Tires Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Michelin Spare Tires Products Offered
10.2.5 Michelin Recent Development
10.3 Goodyear
10.3.1 Goodyear Company Information
10.3.2 Goodyear Introduction and Business Overview
10.3.3 Goodyear Spare Tires Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Goodyear Spare Tires Products Offered
10.3.5 Goodyear Recent Development
10.4 Continental
10.4.1 Continental Company Information
10.4.2 Continental Introduction and Business Overview
10.4.3 Continental Spare Tires Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Continental Spare Tires Products Offered
10.4.5 Continental Recent Development
10.5 Pirelli
10.5.1 Pirelli Company Information
10.5.2 Pirelli Introduction and Business Overview
10.5.3 Pirelli Spare Tires Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Pirelli Spare Tires Products Offered
10.5.5 Pirelli Recent Development
10.6 Hankook
10.6.1 Hankook Company Information
10.6.2 Hankook Introduction and Business Overview
10.6.3 Hankook Spare Tires Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Hankook Spare Tires Products Offered
10.6.5 Hankook Recent Development
10.7 Sumitomo
10.7.1 Sumitomo Company Information
10.7.2 Sumitomo Introduction and Business Overview
10.7.3 Sumitomo Spare Tires Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Sumitomo Spare Tires Products Offered
10.7.5 Sumitomo Recent Development
10.8 Yokohama
10.8.1 Yokohama Company Information
10.8.2 Yokohama Introduction and Business Overview
10.8.3 Yokohama Spare Tires Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Yokohama Spare Tires Products Offered
10.8.5 Yokohama Recent Development
10.9 Maxxis
10.9.1 Maxxis Company Information
10.9.2 Maxxis Introduction and Business Overview
10.9.3 Maxxis Spare Tires Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Maxxis Spare Tires Products Offered
10.9.5 Maxxis Recent Development
10.10 Zhongce
10.10.1 Zhongce Company Information
10.10.2 Zhongce Introduction and Business Overview
10.10.3 Zhongce Spare Tires Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Zhongce Spare Tires Products Offered
10.10.5 Zhongce 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 Spare Tires Sales, Revenue and Gross Margin (2018-2023)
10.11.4 GITI Tire Spare Tires Products Offered
10.11.5 GITI Tire Recent Development
10.12 Cooper Tire
10.12.1 Cooper Tire Company Information
10.12.2 Cooper Tire Introduction and Business Overview
10.12.3 Cooper Tire Spare Tires Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Cooper Tire Spare Tires Products Offered
10.12.5 Cooper Tire Recent Development
10.13 Kumho Tire
10.13.1 Kumho Tire Company Information
10.13.2 Kumho Tire Introduction and Business Overview
10.13.3 Kumho Tire Spare Tires Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Kumho Tire Spare Tires Products Offered
10.13.5 Kumho Tire Recent Development
10.14 Toyo Tire
10.14.1 Toyo Tire Company Information
10.14.2 Toyo Tire Introduction and Business Overview
10.14.3 Toyo Tire Spare Tires Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Toyo Tire Spare Tires Products Offered
10.14.5 Toyo Tire Recent Development
10.15 Apollo Tyres
10.15.1 Apollo Tyres Company Information
10.15.2 Apollo Tyres Introduction and Business Overview
10.15.3 Apollo Tyres Spare Tires Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Apollo Tyres Spare Tires Products Offered
10.15.5 Apollo Tyres Recent Development
10.16 Triangle Group
10.16.1 Triangle Group Company Information
10.16.2 Triangle Group Introduction and Business Overview
10.16.3 Triangle Group Spare Tires Sales, Revenue and Gross Margin (2018-2023)
10.16.4 Triangle Group Spare Tires Products Offered
10.16.5 Triangle Group Recent Development
10.17 Nexen Tire
10.17.1 Nexen Tire Company Information
10.17.2 Nexen Tire Introduction and Business Overview
10.17.3 Nexen Tire Spare Tires Sales, Revenue and Gross Margin (2018-2023)
10.17.4 Nexen Tire Spare Tires Products Offered
10.17.5 Nexen Tire Recent Development
10.18 Hengfeng Rubber
10.18.1 Hengfeng Rubber Company Information
10.18.2 Hengfeng Rubber Introduction and Business Overview
10.18.3 Hengfeng Rubber Spare Tires Sales, Revenue and Gross Margin (2018-2023)
10.18.4 Hengfeng Rubber Spare Tires Products Offered
10.18.5 Hengfeng Rubber Recent Development
10.19 Nokian Tyres
10.19.1 Nokian Tyres Company Information
10.19.2 Nokian Tyres Introduction and Business Overview
10.19.3 Nokian Tyres Spare Tires Sales, Revenue and Gross Margin (2018-2023)
10.19.4 Nokian Tyres Spare Tires Products Offered
10.19.5 Nokian Tyres Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Spare 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 Spare Tires Industrial Chain Analysis
11.4 Spare Tires Market Dynamics
11.4.1 Spare Tires Industry Trends
11.4.2 Spare Tires Market Drivers
11.4.3 Spare Tires Market Challenges
11.4.4 Spare Tires Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Spare Tires Distributors
12.3 Spare 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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