Automotive Tire Market to Grow at 3.8% CAGR to 2025 Led by Hankook Tire, Apollo Tires, Michelin, Continental AG, MRF Tires, Bridgestone, Yokohama Rubber, The Goodyear Tire & Rubber Company

“Automotive Tire Market”
This report focuses on the Automotive Tire Market Size, status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Automotive Tire development in North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA).

The Global Automotive Tire Market is expected to grow from US$ 233.15 Bn in 2017 to US$ 306.44 Bn by 2025 at a CAGR of 3.8% between 2018 and 2025.

The key players operating in the automotive tire market includes Hankook Tire, Apollo Tires Ltd., Michelin, Continental AG, MRF Tires, Bridgestone Corporation, Yokohama Rubber Co. Ltd., The Goodyear Tire & Rubber Company, Pirelli & C. S.P.A, and Dunlop India Limited among others. Demographic trends, rising disposable income of individuals, and better standard of living is responsible to boost the production of automotive in the Asian countries. China and Japan is expected to hold a high market share followed by Rest of APAC and India. Owing to this, several global manufacturers and providers of automotive tire has potential to invest in this region.

The Asia Pacific is one of the prominent region in automotive tire market which is contributing highest revenue globally due to increase in the population. China, Japan, and India are the most populated countries in APAC region. In addition to this, growing economies in APAC region is experiencing a number of initiatives undertaken by regulatory bodies to accelerate the automotive industry in the countries to propel growth of entire automotive industry and eventually automotive tire market.

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Automotive tire market is experiencing a high growth throughout the globe, driven by growth in construction, manufacturing, agriculture, mining, and other industries. Moreover, increase in the mobility as a service is also propelling the adoption of more and more passenger and commercial vehicles which would further encourage the production and sales of automotive tire. In addition to this, need and growing urge to replace the old/aged tires with new tires is also accountable to increase the aftermarket segment. These factors are anticipated to drive the automotive tire market during the forecast period.

The report aims to provide an overview of global automotive tire market with detailed market segmentation. Also, it analyzes the current market scenario of automotive tire market and forecasts the market till 2025. The report covers market dynamics affecting the automotive tire market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the automotive tire market with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the automotive tire market along with their market strategies. The report also provides value chain along with the SWOT analysis for all company profiled in the report.

The report focuses on an in-depth segmentation of automotive tire market based on tire type, vehicle type, and distribution channel. The geographic segmentation of the report covers five major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries. By distribution channel segment, aftermarket is accounted for largest share in the automotive tire market in 2017 and also projected to grow at the highest CAGR during the forecast period.

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TABLE OF CONTENTS

1. INTRODUCTION 14
1.1 SCOPE OF THE STUDY 14
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 14

2. KEY TAKEAWAYS 16

3. AUTOMOTIVE TIRE MARKET LANDSCAPE 20
3.1 MARKET OVERVIEW 20
3.2 MARKET SEGMENTATION 21
3.2.1 Global Automotive Tire Market – By Tire Type 22
3.2.2 Global Automotive Tire Market – By Vehicle Type 22
3.2.3 Global Automotive Tire Market – By Distribution Channel 22
3.2.4 Global Automotive Tire Market – By Geography 22
3.3 PEST ANALYSIS 24
3.3.1 NORTH AMERICA – PEST ANALYSIS 24
3.3.2 EUROPE PEST ANALYSIS 26
3.3.3 ASIA PACIFIC – PEST ANALYSIS 28
3.3.4 MIDDLE EAST AND AFRICA – PEST ANALYSIS 30
3.3.5 South America PEST Analysis 32

4. AUTOMOTIVE TIRE MARKET – KEY INDUSTRY DYNAMICS 34
4.1 KEY MARKET DRIVERS 34
4.1.1 Escalation in the production of vehicles worldwide 34
4.1.2 Government Regulations 34
4.2 KEY MARKET RESTRAINTS 35
4.2.1 Sluggish adoption rate of automotive tire in the developing countries 35
4.3 KEY MARKET OPPORTUNITIES 35
4.3.1 Growing demand of Mobility as a Service (MaaS) 35
4.4 FUTURE TRENDS 36
4.4.1 Integration of smart technology and better sustainable materials is expected to garner the adoption of automotive tires 36
4.5 IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS 36

5. AUTOMOTIVE TIRE – GLOBAL MARKET ANALYSIS 37
5.1 GLOBAL AUTOMOTIVE TIRE MARKET OVERVIEW 37
5.2 GLOBAL AUTOMOTIVE TIRE MARKET FORECAST AND ANALYSIS 39

 

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6. AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 –TIRE TYPE 40
6.1 OVERVIEW 40
6.2 GLOBAL AUTOMOTIVE TIRE MARKET BREAKDOWN, BY TIRE TYPE, 2017 & 2025 40
6.3 BIAS TIRE MARKET 41
6.3.1 Overview 41
6.3.2 Bias Tire Market Forecasts and Analysis 41
6.4 RADIAL TIRE MARKET 42
6.4.1 Overview 42
6.4.2 Radial Tire Market Forecasts and Analysis 42

7. GLOBAL AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 – BY VEHICLE TYPE 43
7.1 OVERVIEW 43
7.2 GLOBAL AUTOMTOIVE TIRE MARKET BREAKDOWN, BY VEHICLE TYPE, 2017 & 2025 43
7.3 PASSENGER CAR MARKET 44
7.3.1 Overview 44
7.3.2 Passenger Car Market Forecasts and Analysis 44
7.4 LIGHT COMMERCIAL VEHICLE MARKET 45
7.4.1 Overview 45
7.4.2 Light Commercial Vehicle Market Forecasts and Analysis 45
7.5 HEAVY COMMERCIAL VEHICLE MARKET 46
7.5.1 Overview 46
7.5.2 Heavy Commercial Vehicle Market Forecasts and Analysis 46

8. AUTOMOTIVE TIRE MARKET ANALYSIS- BY DISTRIBUTION CHANNEL 47
8.1 OVERVIEW 47
8.2 AUTOMOTIVE TIRE MARKET ANALYSIS– BY DISTRIBUTION CHANNEL, FORECAST AND ANALYSIS 47
8.3 OEMS MARKET 48
8.3.1 Overview 48
8.3.2 OEMs Market Forecast & Analysis 48
8.4 AFTERMARKET MARKET 49
8.4.1 Overview 49
8.4.2 Aftermarket Market Forecast & Analysis 49

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