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Winter Tire-Global Market Insights and Sales Trends 2024

Winter Tire-Global Market Insights and Sales Trends 2024

Publishing Date : Nov, 2023

License Type :
 

Report Code : 1816928

No of Pages : 119

Synopsis
Winter tires are tires designed for use in colder weather, snow and ice. Winter tires have more sipes than summer tires, increasing traction on snow and ice. Tires designed for winter conditions are optimized to drive at temperatures below 7 °C (45 °F). They are an alternative to the use of snow chains.
Winter tires are usually tires with a different rubber composition from all-weather (all-season) tires. Cold-weather tires include a greater percentage of natural rubber and silica so there is not as much hardening as found in synthetic rubber in cold conditions: they provide better traction at lower temperatures. Winter tires provide more small-tread areas, increasing traction on snow and, in wet conditions, allowing water to escape from under the tire more easily. This reduces the risk of hydroplaning. Snow/winter tires start to perform better than summer or all-season tires if temperature falls below 7C (45F), as the rubber compounds in the latter harden resulting to decreasing grip even on dry pavement Interestingly one achieves maximum grip on packed snow if the slippage/wheel spinis 40-50%, i.e. one should turn off the traction control in most modern cars for maximum traction.
Studded tires with metal pins that protrude from the tire can greatly reduce skidding and accidents on snow or ice-covered roads. In much of Scandinavia, Canada, and the US, winter tires may have metal studs to improve grip on packed snow or ice, but such tires are prohibited in certain other jurisdictions because of the damage they cause to the road surface.
A tire is a ring-shaped vehicle component that covers the wheel's rim to protect it and enable better vehicle performance. Most tires, such as those for automobiles and bicycles, provide traction between the vehicle and the road while providing a flexible cushion that absorbs shock.
The materials of modern pneumatic tires are synthetic rubber, natural rubber, fabric and wire, along with carbon black and other chemical compounds.
The global Winter Tire market size is expected to reach US$ 14320 million by 2029, growing at a CAGR of 2.0% from 2023 to 2029. The market is mainly driven by the significant applications of Winter Tire in various end use industries. The expanding demands from the Passenger Tires, Light Truck/SUV Tires and Others,, are propelling Winter Tire market. Studded, 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 Studless segment is estimated at % CAGR for the next seven-year period.
Global Winter Tire key players include Nokian Tyres, Apollo, Hankook, Goodyear, etc.
Europe is the largest market, followed by Russia, and North America.
In terms of product, Studless is the largest segment, with a share over 65%. And in terms of application, the largest application is Passenger tires, followed by Light truck/SUV tires, etc.
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 Winter 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 Winter 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 Winter Tire market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Winter 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 Winter Tire covered in this report include Bridgestone, Michelin, Continental, Goodyear, Nokian Tyres, Hankook, Nizhnekamskshina, Pirelli and Cooper Tire, etc.
The global Winter 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
Michelin
Continental
Goodyear
Nokian Tyres
Hankook
Nizhnekamskshina
Pirelli
Cooper Tire
Yokohama
Toyo Tire
Kumho Tire
JSC Cordiant
Zhongce
GITI Tire
Triangle
Apollo
Cheng Shin
Nexen Tire
Global Winter 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 Winter Tire market, Segment by Type:
Studded
Studless
Global Winter Tire market, by Application
Passenger Tires
Light Truck/SUV Tires
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 Winter Tire manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Winter 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 Winter Tire Market Overview
1.1 Winter Tire Product Overview
1.2 Winter Tire Market Segment by Type
1.2.1 Studded
1.2.2 Studless
1.3 Global Winter Tire Market Size by Type
1.3.1 Global Winter Tire Market Size Overview by Type (2018-2029)
1.3.2 Global Winter Tire Historic Market Size Review by Type (2018-2023)
1.3.3 Global Winter Tire Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Winter Tire Sales Breakdown by Type (2018-2023)
1.4.2 Europe Winter Tire Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Winter Tire Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Winter Tire Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Winter Tire Sales Breakdown by Type (2018-2023)
2 Global Winter Tire Market Competition by Company
2.1 Global Top Players by Winter Tire Sales (2018-2023)
2.2 Global Top Players by Winter Tire Revenue (2018-2023)
2.3 Global Top Players by Winter Tire Price (2018-2023)
2.4 Global Top Manufacturers Winter Tire Manufacturing Base Distribution, Sales Area, Product Type
2.5 Winter Tire Market Competitive Situation and Trends
2.5.1 Winter Tire Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Winter 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 Winter Tire as of 2022)
2.7 Date of Key Manufacturers Enter into Winter Tire Market
2.8 Key Manufacturers Winter Tire Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Winter Tire Status and Outlook by Region
3.1 Global Winter Tire Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Winter Tire Historic Market Size by Region
3.2.1 Global Winter Tire Sales in Volume by Region (2018-2023)
3.2.2 Global Winter Tire Sales in Value by Region (2018-2023)
3.2.3 Global Winter Tire Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Winter Tire Forecasted Market Size by Region
3.3.1 Global Winter Tire Sales in Volume by Region (2024-2029)
3.3.2 Global Winter Tire Sales in Value by Region (2024-2029)
3.3.3 Global Winter Tire Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Winter Tire by Application
4.1 Winter Tire Market Segment by Application
4.1.1 Passenger Tires
4.1.2 Light Truck/SUV Tires
4.1.3 Others
4.2 Global Winter Tire Market Size by Application
4.2.1 Global Winter Tire Market Size Overview by Application (2018-2029)
4.2.2 Global Winter Tire Historic Market Size Review by Application (2018-2023)
4.2.3 Global Winter Tire Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Winter Tire Sales Breakdown by Application (2018-2023)
4.3.2 Europe Winter Tire Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Winter Tire Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Winter Tire Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Winter Tire Sales Breakdown by Application (2018-2023)
5 North America Winter Tire by Country
5.1 North America Winter Tire Historic Market Size by Country
5.1.1 North America Winter Tire Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Winter Tire Sales in Volume by Country (2018-2023)
5.1.3 North America Winter Tire Sales in Value by Country (2018-2023)
5.2 North America Winter Tire Forecasted Market Size by Country
5.2.1 North America Winter Tire Sales in Volume by Country (2024-2029)
5.2.2 North America Winter Tire Sales in Value by Country (2024-2029)
6 Europe Winter Tire by Country
6.1 Europe Winter Tire Historic Market Size by Country
6.1.1 Europe Winter Tire Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Winter Tire Sales in Volume by Country (2018-2023)
6.1.3 Europe Winter Tire Sales in Value by Country (2018-2023)
6.2 Europe Winter Tire Forecasted Market Size by Country
6.2.1 Europe Winter Tire Sales in Volume by Country (2024-2029)
6.2.2 Europe Winter Tire Sales in Value by Country (2024-2029)
7 Asia-Pacific Winter Tire by Region
7.1 Asia-Pacific Winter Tire Historic Market Size by Region
7.1.1 Asia-Pacific Winter Tire Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Winter Tire Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Winter Tire Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Winter Tire Forecasted Market Size by Region
7.2.1 Asia-Pacific Winter Tire Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Winter Tire Sales in Value by Region (2024-2029)
8 Latin America Winter Tire by Country
8.1 Latin America Winter Tire Historic Market Size by Country
8.1.1 Latin America Winter Tire Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Winter Tire Sales in Volume by Country (2018-2023)
8.1.3 Latin America Winter Tire Sales in Value by Country (2018-2023)
8.2 Latin America Winter Tire Forecasted Market Size by Country
8.2.1 Latin America Winter Tire Sales in Volume by Country (2024-2029)
8.2.2 Latin America Winter Tire Sales in Value by Country (2024-2029)
9 Middle East and Africa Winter Tire by Country
9.1 Middle East and Africa Winter Tire Historic Market Size by Country
9.1.1 Middle East and Africa Winter Tire Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Winter Tire Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Winter Tire Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Winter Tire Forecasted Market Size by Country
9.2.1 Middle East and Africa Winter Tire Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Winter Tire 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 Winter Tire Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Bridgestone Winter Tire 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 Winter Tire Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Michelin Winter Tire Products Offered
10.2.5 Michelin Recent Development
10.3 Continental
10.3.1 Continental Company Information
10.3.2 Continental Introduction and Business Overview
10.3.3 Continental Winter Tire Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Continental Winter Tire Products Offered
10.3.5 Continental Recent Development
10.4 Goodyear
10.4.1 Goodyear Company Information
10.4.2 Goodyear Introduction and Business Overview
10.4.3 Goodyear Winter Tire Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Goodyear Winter Tire Products Offered
10.4.5 Goodyear Recent Development
10.5 Nokian Tyres
10.5.1 Nokian Tyres Company Information
10.5.2 Nokian Tyres Introduction and Business Overview
10.5.3 Nokian Tyres Winter Tire Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Nokian Tyres Winter Tire Products Offered
10.5.5 Nokian Tyres Recent Development
10.6 Hankook
10.6.1 Hankook Company Information
10.6.2 Hankook Introduction and Business Overview
10.6.3 Hankook Winter Tire Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Hankook Winter Tire Products Offered
10.6.5 Hankook Recent Development
10.7 Nizhnekamskshina
10.7.1 Nizhnekamskshina Company Information
10.7.2 Nizhnekamskshina Introduction and Business Overview
10.7.3 Nizhnekamskshina Winter Tire Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Nizhnekamskshina Winter Tire Products Offered
10.7.5 Nizhnekamskshina Recent Development
10.8 Pirelli
10.8.1 Pirelli Company Information
10.8.2 Pirelli Introduction and Business Overview
10.8.3 Pirelli Winter Tire Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Pirelli Winter Tire Products Offered
10.8.5 Pirelli Recent Development
10.9 Cooper Tire
10.9.1 Cooper Tire Company Information
10.9.2 Cooper Tire Introduction and Business Overview
10.9.3 Cooper Tire Winter Tire Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Cooper Tire Winter Tire Products Offered
10.9.5 Cooper Tire Recent Development
10.10 Yokohama
10.10.1 Yokohama Company Information
10.10.2 Yokohama Introduction and Business Overview
10.10.3 Yokohama Winter Tire Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Yokohama Winter Tire Products Offered
10.10.5 Yokohama Recent Development
10.11 Toyo Tire
10.11.1 Toyo Tire Company Information
10.11.2 Toyo Tire Introduction and Business Overview
10.11.3 Toyo Tire Winter Tire Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Toyo Tire Winter Tire Products Offered
10.11.5 Toyo Tire Recent Development
10.12 Kumho Tire
10.12.1 Kumho Tire Company Information
10.12.2 Kumho Tire Introduction and Business Overview
10.12.3 Kumho Tire Winter Tire Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Kumho Tire Winter Tire Products Offered
10.12.5 Kumho Tire Recent Development
10.13 JSC Cordiant
10.13.1 JSC Cordiant Company Information
10.13.2 JSC Cordiant Introduction and Business Overview
10.13.3 JSC Cordiant Winter Tire Sales, Revenue and Gross Margin (2018-2023)
10.13.4 JSC Cordiant Winter Tire Products Offered
10.13.5 JSC Cordiant Recent Development
10.14 Zhongce
10.14.1 Zhongce Company Information
10.14.2 Zhongce Introduction and Business Overview
10.14.3 Zhongce Winter Tire Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Zhongce Winter Tire Products Offered
10.14.5 Zhongce Recent Development
10.15 GITI Tire
10.15.1 GITI Tire Company Information
10.15.2 GITI Tire Introduction and Business Overview
10.15.3 GITI Tire Winter Tire Sales, Revenue and Gross Margin (2018-2023)
10.15.4 GITI Tire Winter Tire Products Offered
10.15.5 GITI Tire Recent Development
10.16 Triangle
10.16.1 Triangle Company Information
10.16.2 Triangle Introduction and Business Overview
10.16.3 Triangle Winter Tire Sales, Revenue and Gross Margin (2018-2023)
10.16.4 Triangle Winter Tire Products Offered
10.16.5 Triangle Recent Development
10.17 Apollo
10.17.1 Apollo Company Information
10.17.2 Apollo Introduction and Business Overview
10.17.3 Apollo Winter Tire Sales, Revenue and Gross Margin (2018-2023)
10.17.4 Apollo Winter Tire Products Offered
10.17.5 Apollo Recent Development
10.18 Cheng Shin
10.18.1 Cheng Shin Company Information
10.18.2 Cheng Shin Introduction and Business Overview
10.18.3 Cheng Shin Winter Tire Sales, Revenue and Gross Margin (2018-2023)
10.18.4 Cheng Shin Winter Tire Products Offered
10.18.5 Cheng Shin Recent Development
10.19 Nexen Tire
10.19.1 Nexen Tire Company Information
10.19.2 Nexen Tire Introduction and Business Overview
10.19.3 Nexen Tire Winter Tire Sales, Revenue and Gross Margin (2018-2023)
10.19.4 Nexen Tire Winter Tire Products Offered
10.19.5 Nexen Tire Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Winter 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 Winter Tire Industrial Chain Analysis
11.4 Winter Tire Market Dynamics
11.4.1 Winter Tire Industry Trends
11.4.2 Winter Tire Market Drivers
11.4.3 Winter Tire Market Challenges
11.4.4 Winter Tire Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Winter Tire Distributors
12.3 Winter 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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