Product Code: IRTNTR75693
Abstract
The automotive tire market is forecasted to grow by USD 55.94 bn during 2023-2028, accelerating at a CAGR of 7.28% during the forecast period. The report on the automotive tire market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in sales of passenger vehicles globally, increasing adoption of e-commerce platforms by tire manufacturers, and declining prices of natural rubber.
Market Scope |
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 6.76% |
CAGR | 7.28% |
Incremental Value | $55.94bn |
Technavio's automotive tire market is segmented as below:
By Distribution Channel
By Vehicle Type
- Passenger vehicle
- Commercial vehicle
- Electric vehicle
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the development of airless tires as one of the prime reasons driving the automotive tire market growth during the next few years. Also, increasing adoption of sustainable tires and introduction of connected tires will lead to sizable demand in the market.
The report on the automotive tire market covers the following areas:
- Automotive tire market sizing
- Automotive tire market forecast
- Automotive tire market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive tire market vendors that include Apollo Tyres Ltd., Bridgestone Corp., CEAT Ltd., FURUKAWA Co. Ltd., Hankook Tire and Technology Co. Ltd., Hefei Wanli Tire Co., Ltd., JK Tyre and Industries Ltd., Michelin Group, MRF Ltd., Nokian Tyres Plc, Pirelli and C S.p.A, Sailun Group, Salsons Impex Pvt. Ltd., Schaeffler AG, Shandong Linglong Tyre Co. Ltd., Sumitomo Rubber Industries Ltd., The Goodyear Tire and Rubber Co., Toyo Tire Corp., Triangle Tyres, and Zhongce Rubber Group Co. Ltd.. Also, the automotive tire market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary - Chart on Market Overview
- Exhibit 02: Executive Summary - Data Table on Market Overview
- Exhibit 03: Executive Summary - Chart on Global Market Characteristics
- Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
- Exhibit 05: Executive Summary - Chart on Market Segmentation by Distribution Channel
- Exhibit 06: Executive Summary - Chart on Market Segmentation by Vehicle Type
- Exhibit 07: Executive Summary - Chart on Incremental Growth
- Exhibit 08: Executive Summary - Data Table on Incremental Growth
- Exhibit 09: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Global automotive tire market 2018 - 2022
- Exhibit 18: Historic Market Size - Data Table on global automotive tire market 2018 - 2022 ($ billion)
- 4.2 Distribution Channel Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ billion)
- 4.3 Vehicle Type Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size - Vehicle Type Segment 2018 - 2022 ($ billion)
- 4.4 Geography Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
- 4.5 Country Segment Analysis 2018 - 2022
- Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Distribution Channel
- 6.1 Market segments
- Exhibit 30: Chart on Distribution Channel - Market share 2023-2028 (%)
- Exhibit 31: Data Table on Distribution Channel - Market share 2023-2028 (%)
- 6.2 Comparison by Distribution Channel
- Exhibit 32: Chart on Comparison by Distribution Channel
- Exhibit 33: Data Table on Comparison by Distribution Channel
- 6.3 Aftermarket - Market size and forecast 2023-2028
- Exhibit 34: Chart on Aftermarket - Market size and forecast 2023-2028 ($ billion)
- Exhibit 35: Data Table on Aftermarket - Market size and forecast 2023-2028 ($ billion)
- Exhibit 36: Chart on Aftermarket - Year-over-year growth 2023-2028 (%)
- Exhibit 37: Data Table on Aftermarket - Year-over-year growth 2023-2028 (%)
- 6.4 OEM - Market size and forecast 2023-2028
- Exhibit 38: Chart on OEM - Market size and forecast 2023-2028 ($ billion)
- Exhibit 39: Data Table on OEM - Market size and forecast 2023-2028 ($ billion)
- Exhibit 40: Chart on OEM - Year-over-year growth 2023-2028 (%)
- Exhibit 41: Data Table on OEM - Year-over-year growth 2023-2028 (%)
- 6.5 Market opportunity by Distribution Channel
- Exhibit 42: Market opportunity by Distribution Channel ($ billion)
- Exhibit 43: Data Table on Market opportunity by Distribution Channel ($ billion)
7 Market Segmentation by Vehicle Type
- 7.1 Market segments
- Exhibit 44: Chart on Vehicle Type - Market share 2023-2028 (%)
- Exhibit 45: Data Table on Vehicle Type - Market share 2023-2028 (%)
- 7.2 Comparison by Vehicle Type
- Exhibit 46: Chart on Comparison by Vehicle Type
- Exhibit 47: Data Table on Comparison by Vehicle Type
- 7.3 Passenger vehicle - Market size and forecast 2023-2028
- Exhibit 48: Chart on Passenger vehicle - Market size and forecast 2023-2028 ($ billion)
- Exhibit 49: Data Table on Passenger vehicle - Market size and forecast 2023-2028 ($ billion)
- Exhibit 50: Chart on Passenger vehicle - Year-over-year growth 2023-2028 (%)
- Exhibit 51: Data Table on Passenger vehicle - Year-over-year growth 2023-2028 (%)
- 7.4 Commercial vehicle - Market size and forecast 2023-2028
- Exhibit 52: Chart on Commercial vehicle - Market size and forecast 2023-2028 ($ billion)
- Exhibit 53: Data Table on Commercial vehicle - Market size and forecast 2023-2028 ($ billion)
- Exhibit 54: Chart on Commercial vehicle - Year-over-year growth 2023-2028 (%)
- Exhibit 55: Data Table on Commercial vehicle - Year-over-year growth 2023-2028 (%)
- 7.5 Electric vehicle - Market size and forecast 2023-2028
- Exhibit 56: Chart on Electric vehicle - Market size and forecast 2023-2028 ($ billion)
- Exhibit 57: Data Table on Electric vehicle - Market size and forecast 2023-2028 ($ billion)
- Exhibit 58: Chart on Electric vehicle - Year-over-year growth 2023-2028 (%)
- Exhibit 59: Data Table on Electric vehicle - Year-over-year growth 2023-2028 (%)
- 7.6 Market opportunity by Vehicle Type
- Exhibit 60: Market opportunity by Vehicle Type ($ billion)
- Exhibit 61: Data Table on Market opportunity by Vehicle Type ($ billion)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 63: Chart on Market share By Geographical Landscape 2023-2028 (%)
- Exhibit 64: Data Table on Market share By Geographical Landscape 2023-2028 (%)
- 9.2 Geographic comparison
- Exhibit 65: Chart on Geographic comparison
- Exhibit 66: Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2023-2028
- Exhibit 67: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibit 68: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibit 69: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibit 70: Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 9.4 Europe - Market size and forecast 2023-2028
- Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 9.5 North America - Market size and forecast 2023-2028
- Exhibit 75: Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 76: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 77: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibit 78: Data Table on North America - Year-over-year growth 2023-2028 (%)
- 9.6 South America - Market size and forecast 2023-2028
- Exhibit 79: Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 80: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 81: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibit 82: Data Table on South America - Year-over-year growth 2023-2028 (%)
- 9.7 Middle East and Africa - Market size and forecast 2023-2028
- Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 9.8 China - Market size and forecast 2023-2028
- Exhibit 87: Chart on China - Market size and forecast 2023-2028 ($ billion)
- Exhibit 88: Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Exhibit 89: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibit 90: Data Table on China - Year-over-year growth 2023-2028 (%)
- 9.9 US - Market size and forecast 2023-2028
- Exhibit 91: Chart on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 92: Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 93: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibit 94: Data Table on US - Year-over-year growth 2023-2028 (%)
- 9.10 India - Market size and forecast 2023-2028
- Exhibit 95: Chart on India - Market size and forecast 2023-2028 ($ billion)
- Exhibit 96: Data Table on India - Market size and forecast 2023-2028 ($ billion)
- Exhibit 97: Chart on India - Year-over-year growth 2023-2028 (%)
- Exhibit 98: Data Table on India - Year-over-year growth 2023-2028 (%)
- 9.11 Germany - Market size and forecast 2023-2028
- Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
- Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
- Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
- Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 9.12 Japan - Market size and forecast 2023-2028
- Exhibit 103: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
- Exhibit 104: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
- Exhibit 105: Chart on Japan - Year-over-year growth 2023-2028 (%)
- Exhibit 106: Data Table on Japan - Year-over-year growth 2023-2028 (%)
- 9.13 Market opportunity By Geographical Landscape
- Exhibit 107: Market opportunity By Geographical Landscape ($ billion)
- Exhibit 108: Data Tables on Market opportunity By Geographical Landscape ($ billion)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 109: Impact of drivers and challenges in 2023 and 2028
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 111: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 112: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 113: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 114: Matrix on vendor position and classification
- 12.3 Apollo Tyres Ltd.
- Exhibit 115: Apollo Tyres Ltd. - Overview
- Exhibit 116: Apollo Tyres Ltd. - Business segments
- Exhibit 117: Apollo Tyres Ltd. - Key offerings
- Exhibit 118: Apollo Tyres Ltd. - Segment focus
- 12.4 Bridgestone Corp.
- Exhibit 119: Bridgestone Corp. - Overview
- Exhibit 120: Bridgestone Corp. - Business segments
- Exhibit 121: Bridgestone Corp. - Key news
- Exhibit 122: Bridgestone Corp. - Key offerings
- Exhibit 123: Bridgestone Corp. - Segment focus
- 12.5 CEAT Ltd.
- Exhibit 124: CEAT Ltd. - Overview
- Exhibit 125: CEAT Ltd. - Business segments
- Exhibit 126: CEAT Ltd. - Key offerings
- Exhibit 127: CEAT Ltd. - Segment focus
- 12.6 Hankook Tire and Technology Co. Ltd.
- Exhibit 128: Hankook Tire and Technology Co. Ltd. - Overview
- Exhibit 129: Hankook Tire and Technology Co. Ltd. - Product / Service
- Exhibit 130: Hankook Tire and Technology Co. Ltd. - Key offerings
- 12.7 Hefei Wanli Tire Co., Ltd.
- Exhibit 131: Hefei Wanli Tire Co., Ltd. - Overview
- Exhibit 132: Hefei Wanli Tire Co., Ltd. - Key offerings
- 12.8 JK Tyre and Industries Ltd.
- Exhibit 133: JK Tyre and Industries Ltd. - Overview
- Exhibit 134: JK Tyre and Industries Ltd. - Business segments
- Exhibit 135: JK Tyre and Industries Ltd. - Key news
- Exhibit 136: JK Tyre and Industries Ltd. - Key offerings
- Exhibit 137: JK Tyre and Industries Ltd. - Segment focus
- 12.9 Michelin Group
- Exhibit 138: Michelin Group - Overview
- Exhibit 139: Michelin Group - Business segments
- Exhibit 140: Michelin Group - Key news
- Exhibit 141: Michelin Group - Key offerings
- Exhibit 142: Michelin Group - Segment focus
- 12.10 MRF Ltd.
- Exhibit 143: MRF Ltd. - Overview
- Exhibit 144: MRF Ltd. - Product / Service
- Exhibit 145: MRF Ltd. - Key offerings
- 12.11 Pirelli and C S.p.A
- Exhibit 146: Pirelli and C S.p.A - Overview
- Exhibit 147: Pirelli and C S.p.A - Business segments
- Exhibit 148: Pirelli and C S.p.A - Key offerings
- Exhibit 149: Pirelli and C S.p.A - Segment focus
- 12.12 Sailun Group
- Exhibit 150: Sailun Group - Overview
- Exhibit 151: Sailun Group - Product / Service
- Exhibit 152: Sailun Group - Key offerings
- 12.13 Salsons Impex Pvt. Ltd.
- Exhibit 153: Salsons Impex Pvt. Ltd. - Overview
- Exhibit 154: Salsons Impex Pvt. Ltd. - Product / Service
- Exhibit 155: Salsons Impex Pvt. Ltd. - Key offerings
- 12.14 Schaeffler AG
- Exhibit 156: Schaeffler AG - Overview
- Exhibit 157: Schaeffler AG - Business segments
- Exhibit 158: Schaeffler AG - Key offerings
- Exhibit 159: Schaeffler AG - Segment focus
- 12.15 Shandong Linglong Tyre Co. Ltd.
- Exhibit 160: Shandong Linglong Tyre Co. Ltd. - Overview
- Exhibit 161: Shandong Linglong Tyre Co. Ltd. - Product / Service
- Exhibit 162: Shandong Linglong Tyre Co. Ltd. - Key offerings
- 12.16 Sumitomo Rubber Industries Ltd.
- Exhibit 163: Sumitomo Rubber Industries Ltd. - Overview
- Exhibit 164: Sumitomo Rubber Industries Ltd. - Business segments
- Exhibit 165: Sumitomo Rubber Industries Ltd. - Key offerings
- Exhibit 166: Sumitomo Rubber Industries Ltd. - Segment focus
- 12.17 The Goodyear Tire and Rubber Co.
- Exhibit 167: The Goodyear Tire and Rubber Co. - Overview
- Exhibit 168: The Goodyear Tire and Rubber Co. - Business segments
- Exhibit 169: The Goodyear Tire and Rubber Co. - Key news
- Exhibit 170: The Goodyear Tire and Rubber Co. - Key offerings
- Exhibit 171: The Goodyear Tire and Rubber Co. - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 172: Inclusions checklist
- Exhibit 173: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 174: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 175: Research methodology
- Exhibit 176: Validation techniques employed for market sizing
- Exhibit 177: Information sources
- 13.5 List of abbreviations
- Exhibit 178: List of abbreviations