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Vehicle Tire-Global Market Insights and Sales Trends 2024
Synopsis
Vehicle Tire 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 Vehicle 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 Vehicle Tire in various end use industries. The expanding demands from the OEM and Aftermarket, are propelling Vehicle 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.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
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 Vehicle 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 Vehicle 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 Vehicle Tire market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Vehicle 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 Vehicle Tire covered in this report include Michelin, Bridgestone, Continental, Pirelli, Goodyear, Shanghai Huayi, Sumitomo Rubber Industries, ZC Rubber and Yokohama, etc.
The global Vehicle 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:
Michelin
Bridgestone
Continental
Pirelli
Goodyear
Shanghai Huayi
Sumitomo Rubber Industries
ZC Rubber
Yokohama
Nokian Tyres
Hankook
Maxxis
Triangle Group
Global Vehicle 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 Vehicle Tire market, Segment by Type:
Radial Tire
Bias Tire
Global Vehicle 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 Vehicle Tire manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Vehicle 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.
Vehicle Tire 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 Vehicle 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 Vehicle Tire in various end use industries. The expanding demands from the OEM and Aftermarket, are propelling Vehicle 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.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
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 Vehicle 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 Vehicle 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 Vehicle Tire market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Vehicle 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 Vehicle Tire covered in this report include Michelin, Bridgestone, Continental, Pirelli, Goodyear, Shanghai Huayi, Sumitomo Rubber Industries, ZC Rubber and Yokohama, etc.
The global Vehicle 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:
Michelin
Bridgestone
Continental
Pirelli
Goodyear
Shanghai Huayi
Sumitomo Rubber Industries
ZC Rubber
Yokohama
Nokian Tyres
Hankook
Maxxis
Triangle Group
Global Vehicle 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 Vehicle Tire market, Segment by Type:
Radial Tire
Bias Tire
Global Vehicle 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 Vehicle Tire manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Vehicle 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.
Index1 Vehicle Tire Market Overview
1.1 Vehicle Tire Product Overview
1.2 Vehicle Tire Market Segment by Type
1.2.1 Radial Tire
1.2.2 Bias Tire
1.3 Global Vehicle Tire Market Size by Type
1.3.1 Global Vehicle Tire Market Size Overview by Type (2018-2029)
1.3.2 Global Vehicle Tire Historic Market Size Review by Type (2018-2023)
1.3.3 Global Vehicle Tire Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Vehicle Tire Sales Breakdown by Type (2018-2023)
1.4.2 Europe Vehicle Tire Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Vehicle Tire Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Vehicle Tire Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Vehicle Tire Sales Breakdown by Type (2018-2023)
2 Global Vehicle Tire Market Competition by Company
2.1 Global Top Players by Vehicle Tire Sales (2018-2023)
2.2 Global Top Players by Vehicle Tire Revenue (2018-2023)
2.3 Global Top Players by Vehicle Tire Price (2018-2023)
2.4 Global Top Manufacturers Vehicle Tire Manufacturing Base Distribution, Sales Area, Product Type
2.5 Vehicle Tire Market Competitive Situation and Trends
2.5.1 Vehicle Tire Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Vehicle 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 Vehicle Tire as of 2022)
2.7 Date of Key Manufacturers Enter into Vehicle Tire Market
2.8 Key Manufacturers Vehicle Tire Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Vehicle Tire Status and Outlook by Region
3.1 Global Vehicle Tire Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Vehicle Tire Historic Market Size by Region
3.2.1 Global Vehicle Tire Sales in Volume by Region (2018-2023)
3.2.2 Global Vehicle Tire Sales in Value by Region (2018-2023)
3.2.3 Global Vehicle Tire Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Vehicle Tire Forecasted Market Size by Region
3.3.1 Global Vehicle Tire Sales in Volume by Region (2024-2029)
3.3.2 Global Vehicle Tire Sales in Value by Region (2024-2029)
3.3.3 Global Vehicle Tire Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Vehicle Tire by Application
4.1 Vehicle Tire Market Segment by Application
4.1.1 OEM
4.1.2 Aftermarket
4.2 Global Vehicle Tire Market Size by Application
4.2.1 Global Vehicle Tire Market Size Overview by Application (2018-2029)
4.2.2 Global Vehicle Tire Historic Market Size Review by Application (2018-2023)
4.2.3 Global Vehicle Tire Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Vehicle Tire Sales Breakdown by Application (2018-2023)
4.3.2 Europe Vehicle Tire Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Vehicle Tire Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Vehicle Tire Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Vehicle Tire Sales Breakdown by Application (2018-2023)
5 North America Vehicle Tire by Country
5.1 North America Vehicle Tire Historic Market Size by Country
5.1.1 North America Vehicle Tire Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Vehicle Tire Sales in Volume by Country (2018-2023)
5.1.3 North America Vehicle Tire Sales in Value by Country (2018-2023)
5.2 North America Vehicle Tire Forecasted Market Size by Country
5.2.1 North America Vehicle Tire Sales in Volume by Country (2024-2029)
5.2.2 North America Vehicle Tire Sales in Value by Country (2024-2029)
6 Europe Vehicle Tire by Country
6.1 Europe Vehicle Tire Historic Market Size by Country
6.1.1 Europe Vehicle Tire Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Vehicle Tire Sales in Volume by Country (2018-2023)
6.1.3 Europe Vehicle Tire Sales in Value by Country (2018-2023)
6.2 Europe Vehicle Tire Forecasted Market Size by Country
6.2.1 Europe Vehicle Tire Sales in Volume by Country (2024-2029)
6.2.2 Europe Vehicle Tire Sales in Value by Country (2024-2029)
7 Asia-Pacific Vehicle Tire by Region
7.1 Asia-Pacific Vehicle Tire Historic Market Size by Region
7.1.1 Asia-Pacific Vehicle Tire Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Vehicle Tire Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Vehicle Tire Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Vehicle Tire Forecasted Market Size by Region
7.2.1 Asia-Pacific Vehicle Tire Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Vehicle Tire Sales in Value by Region (2024-2029)
8 Latin America Vehicle Tire by Country
8.1 Latin America Vehicle Tire Historic Market Size by Country
8.1.1 Latin America Vehicle Tire Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Vehicle Tire Sales in Volume by Country (2018-2023)
8.1.3 Latin America Vehicle Tire Sales in Value by Country (2018-2023)
8.2 Latin America Vehicle Tire Forecasted Market Size by Country
8.2.1 Latin America Vehicle Tire Sales in Volume by Country (2024-2029)
8.2.2 Latin America Vehicle Tire Sales in Value by Country (2024-2029)
9 Middle East and Africa Vehicle Tire by Country
9.1 Middle East and Africa Vehicle Tire Historic Market Size by Country
9.1.1 Middle East and Africa Vehicle Tire Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Vehicle Tire Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Vehicle Tire Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Vehicle Tire Forecasted Market Size by Country
9.2.1 Middle East and Africa Vehicle Tire Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Vehicle Tire 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 Vehicle Tire Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Michelin Vehicle Tire 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 Vehicle Tire Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Bridgestone Vehicle Tire 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 Vehicle Tire Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Continental Vehicle Tire 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 Vehicle Tire Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Pirelli Vehicle Tire 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 Vehicle Tire Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Goodyear Vehicle Tire 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 Vehicle Tire Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Shanghai Huayi Vehicle Tire 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 Vehicle Tire Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Sumitomo Rubber Industries Vehicle Tire 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 Vehicle Tire Sales, Revenue and Gross Margin (2018-2023)
10.8.4 ZC Rubber Vehicle Tire 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 Vehicle Tire Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Yokohama Vehicle Tire 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 Vehicle Tire Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Nokian Tyres Vehicle Tire 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 Vehicle Tire Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Hankook Vehicle Tire 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 Vehicle Tire Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Maxxis Vehicle Tire 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 Vehicle Tire Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Triangle Group Vehicle Tire Products Offered
10.13.5 Triangle Group Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Vehicle 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 Vehicle Tire Industrial Chain Analysis
11.4 Vehicle Tire Market Dynamics
11.4.1 Vehicle Tire Industry Trends
11.4.2 Vehicle Tire Market Drivers
11.4.3 Vehicle Tire Market Challenges
11.4.4 Vehicle Tire Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Vehicle Tire Distributors
12.3 Vehicle 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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