The automotive tire aftermarket market is expected to grow from US$ 105,869.22 million in 2021 to US$ 159,497.33 million by 2028; it is estimated to grow at a CAGR of 6.0% from 2021 to 2028.
An automotive tire aftermarket consists of a tread and a body. The tread provides traction while the body provides containment for a quantity of compressed air. Before rubber was developed, the first few versions of tires were simply bands of metal fitted around wooden wheels to prevent wear and tear. Early rubber tires were solid (not pneumatic). Pneumatic tires are now used on many vehicles, such as cars, bicycles, motorcycles, buses, trucks, heavy equipment, and aircraft. Metal tires are still used on locomotives and railcars; however, solid rubber (or other polymers) tires are used in various nonautomotive applications, such as casters, carts, lawnmowers, and wheelbarrows.
Key stakeholders in the automotive tire aftermarket market ecosystem are raw material suppliers, automotive tire manufacturers, and end-users. All these stakeholders are a part of the market value chain that comprises three major segments tire type, distribution channel, and rim size. The raw material providers supply the material to build the automotive tire aftermarket. Automotive tire manufacturers then carry out various processes, such as designing, assembling, and production, to transform raw materials into finished products.
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Automotive Tire Aftermarket Market: Strategic Insights
Market Size Value in US$ 105,869.22 Million in 2021 Market Size Value by US$ 159,497.33 Million by 2028 Growth rate CAGR of 6.0% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Automotive Tire Aftermarket Market: Strategic Insights
| Market Size Value in | US$ 105,869.22 Million in 2021 |
| Market Size Value by | US$ 159,497.33 Million by 2028 |
| Growth rate | CAGR of 6.0% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Impact of COVID-19 Pandemic on Automotive Tire Aftermarket Market
Lucrative Regions for Automotive Tire Aftermarket Market
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Market Insight
Rising Demand for Fuel-Efficient Tires
Tire Type Segment Insights
The global automotive tire aftermarket market, based on tire type, is bifurcated into radial and bias. A radial tire is made of rubber-coated polyester/steel cable belts. The belts are fitted at a 90-degree angle to the tread center line and are parallel to one another. The tire's radial construction minimizes rolling resistance while also increasing flexibility. It also aids the tire in dissipating heat, extending its lifespan. Radial tires are also less likely to develop flat areas while not in the use for long periods of time due to their radial structure. These tires differ from bias-ply tires in terms of springiness and steering slip. By using radial tires, cars can be lighter because bias-ply tires are no longer required to compensate for their shortcomings. Motorists, on the other hand, were not used to the experience, therefore car suspension systems had to be modified.
Automotive Tire Aftermarket, by Tire Type (% Share)
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Distribution Channel Segment Insights
By distribution channel, the global automotive tire aftermarket market is bifurcated into OES and IAM. The independent aftermarket, which excludes the OE and OES markets, comprises the purchasers of systems, equipment, and components to use in maintaining and repairing car exhaust or emission technology systems or components, such automotive tires. In today's automobile aftermarket, OEMs hold a large share. Having a presence in emerging markets, improving consumer insights, guaranteeing data security, and being active in the independent aftermarket would propel the automotive tire aftermarket market during the forecast period.
Rim Size Segment Insights
Based on rim size, the global automotive tire aftermarket market is segmented into 13–15, 16–18, 19–21, and more than 21.
The market players focus on new product innovations and developments by integrating advanced technologies and features to compete with the competitors. In February 2022, Continental launched new tire for airport ground support operations. Continental brings all-weather-tires ContiRV20 All Season to the market for airport ground handling vehicles. New tire tread pattern profile ensures maximum ground contact and traction in all weather conditions.
The global automotive tire aftermarket market, based on tire type, is bifurcated into radial and bias. By distribution channel, the automotive tire aftermarket market is bifurcated into OES and IAM. Based on rim size, the global automotive tire aftermarket market is segmented into 13–15, 16–18, 19–21, and more than 21. Based on region, the automotive tire aftermarket market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Automotive Tire Aftermarket Market
– Company Profiles
- APOLLO TIRES LTD
- Continental AG
- PIRELLI AND C. S.P.A.
- Sumitomo Rubber Industries, Ltd
- THE GOODYEAR TIRE AND RUBBER COMPANY
- YOKOHAMA RUBBER CO., LTD
- ZHONGCE RUBBER GROUP CO. LTD
- NEXEN TIRE AMERICA INC
- BRIDGESTONE CORPORATION
- MICHELIN
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Tire Type, Distribution Channel
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, UAE, UK, US
Frequently Asked Questions
Fuel is one of those commodities whose prices are constantly changing. In recent years, the price has continued to rise rather than fall. Consumers might save money by installing fuel-efficient tires on their vehicles. Fuel-efficient tires are also known as low rolling resistance tires. Rolling resistance is the force necessary to keep the automobile moving at any given speed. The degree of friction exerted on the tires determines the quantity of fuel and energy to be used. Low rolling resistance tires require less power to maintain rolling, thereby reducing total fuel usage. Low rolling resistance tires are in high demand due to growing consumer demand, climate change, and a lower overall carbon footprint of fuel-efficient tires than standard tires. For instance, Michelin Energy Saver A/S All-Season is widely regarded as one of the best fuel-efficient tires and is a popular choice among most drivers.These factors leads to the growth of the Automotive Tire Aftermarket.
For many reasons, electric vehicles require specific tires. According to the vehicle manufacturer, its tire must have greater weight than internal combustion cars and transmit more torque to the road when driving after a halt. Tire noise is more noticeable in electric cars than internal combustion vehicles because of their near-silent powertrains, mainly hidden by engine noise. The introduction of electric vehicles and their significantly lower propulsion noise emission allow assessing tire-road noise with higher accuracy via cruise-by measurements, even at speeds where a combustion engine propulsion system would usually disturb the measurement results. The rolling resistance rating provided by the European Union tire label has been used as the primary selection criterion for potential tires for EVs. The second selection criterion represented the tire label rating for wet grip, whereas a lower rating implies a shorter braking distance. For instance, Pirelli, an Italian tire manufacturer, announced a new high load (HL) index tire that will debut on the upcoming Lucid Air sedan. This HL tire was designed specifically for electric cars and SUVs to support the heavier weight of batteries while maintaining a low rolling resistance. This will provide lucrative opportunities for the growth of the Automotive Tire Aftermarket during the forecast period.
Based on Tire Type, the global automotive tire aftermarket market is segmented into Radial Tire, and Bias Tire. The automotive tire aftermarket market was dominated by the radial tire segment in 2020.
Asia Pacific dominated the Automotive Tire Aftermarket market in 2020 with a share of 35.5% and is expected to hold leading position by 2028. Europe is the second-largest contributor to the global Automotive Tire Aftermarket market in 2020, followed by North America.
The major companies in automotive tire aftermarket market are APOLLO TIRES LTD; Continental AG; PIRELLI AND C. S.P.A.; Sumitomo Rubber Industries, Ltd.; THE GOODYEAR TIRE AND RUBBER COMPANY; YOKOHAMA RUBBER CO., LTD; ZHONGCE RUBBER GROUP CO. LTD.; NEXEN TIRE AMERICA INC; BRIDGESTONE CORPORATION; and MICHELIN.
The major Distribution Channel in automotive tire aftermarket includes OES, and IAM. In terms of market share, the market was dominated by the IAM segment in 2020.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Automotive Tire Aftermarket Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Automotive Tire Aftermarket Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Demand for Fuel-Efficient Tires
5.1.2 Stringent Government Regulations Regarding Tire Labelling
5.2 Market Restraints
5.2.1 Inconsistent Raw Material Prices
5.3 Market Opportunities
5.3.1 Surge in Adoption of Electric Vehicles
5.4 Future Trends
5.4.1 Growing Demand for Green Tires in Fleets
5.5 Impact Analysis of Drivers and Restraints
6. Automotive Tire Aftermarket – Global Market Analysis
6.1 Global Automotive Tire Aftermarket Market Overview
6.2 Global Automotive Tire Aftermarket Market Revenue Forecast and Analysis
6.3 Market Positioning – Five Key Players
7. Automotive Tire Aftermarket Market Analysis – By Tire Type
7.1 Overview
7.2 Automotive Tire Aftermarket Market, by Tire type (2020 And 2028)
7.3 Radial tire
7.3.1 Overview
7.3.2 Radial tire: Automotive Tire Aftermarket Market Revenue and Forecast To 2028 (US$ Million)
7.4 Bias tire
7.4.1 Overview
7.4.2 Bias tire: Automotive Tire Aftermarket Market Revenue and Forecast To 2028 (US$ Million)
8. Global Automotive Tire Aftermarket Market Analysis – By Distribution Channel
8.1 Overview
8.2 Automotive Tire Aftermarket Market, by Distribution channel (2020 and 2028)
8.3 OES
8.3.1 Overview
8.3.2 OES: Automotive Tire Aftermarket Market Revenue and Forecast To 2028 (US$ Million)
8.4 IAM
8.4.1 Overview
8.4.2 IAM: Automotive Tire Aftermarket Market Revenue and Forecast To 2028 (US$ Million)
9. Global Automotive Tire Aftermarket Market Analysis – By Rim Size
9.1 Overview
9.2 Automotive Tire Aftermarket Market, by Rim Size (2020 And 2028)
9.3- 15
9.3.1 Overview
9.3.2- 15: Automotive Tire Aftermarket Market Revenue and Forecast To 2028 (US$ Million)
9.4-18
9.4.1 Overview
9.4.2-18: Automotive Tire Aftermarket Market Revenue and Forecast To 2028 (US$ Million)
9.5-21
9.5.1 Overview
9.5.2-21: Automotive Tire Aftermarket Market Revenue and Forecast To 2028 (US$ Million)
9.6 More than 21
9.6.1 Overview
9.6.2 More than 21: Automotive Tire Aftermarket Market Revenue and Forecast To 2028 (US$ Million)
10. Automotive Tire Aftermarket Market – Geographic Analysis
10.1 Overview
10.2 North America: Automotive Tire Aftermarket Market
10.2.1 North America: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
10.2.2 North America: Automotive Tire Aftermarket Market, by Tire type
10.2.3 North America: Automotive Tire Aftermarket Market, by Distribution channel
10.2.4 North America: Automotive Tire Aftermarket Market, by Rim Size
10.2.5 North America: Automotive Tire Aftermarket Market, by Key Country
10.2.5.1 US: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.1.1 US: Automotive Tire Aftermarket Market, by Tire type
10.2.5.1.2 US: Automotive Tire Aftermarket Market, by Distribution channel
10.2.5.1.3 US: Automotive Tire Aftermarket Market, by Rim Size
10.2.5.2 Canada: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.2.1 Canada: Automotive Tire Aftermarket Market, by Tire type
10.2.5.2.2 Canada: Automotive Tire Aftermarket Market, by Distribution channel
10.2.5.2.3 Canada: Automotive Tire Aftermarket Market, by Rim Size
10.2.5.3 Mexico: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.3.1 Mexico: Automotive Tire Aftermarket Market, by Tire type
10.2.5.3.2 Mexico: Automotive Tire Aftermarket Market, by Distribution channel
10.2.5.3.3 Mexico: Automotive Tire Aftermarket Market, by Rim Size
10.3 Europe: Automotive Tire Aftermarket Market
10.3.1 Europe: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
10.3.2 Europe: Automotive Tire Aftermarket Market, by Tire type
10.3.3 Europe: Automotive Tire Aftermarket Market, by Distribution channel
10.3.4 Europe: Automotive Tire Aftermarket Market, by Rim Size
10.3.5 Europe: Automotive Tire Aftermarket Market, by Key Country
10.3.6 Germany: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
10.3.6.1.1 Germany: Automotive Tire Aftermarket Market, by Tire type
10.3.6.1.2 Germany: Automotive Tire Aftermarket Market, by Distribution channel
10.3.6.1.3 Germany: Automotive Tire Aftermarket Market, by Rim Size
10.3.7 France: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
10.3.7.1.1 France: Automotive Tire Aftermarket Market, by Tire type
10.3.7.1.2 France: Automotive Tire Aftermarket Market, by Distribution channel
10.3.7.1.3 France: Automotive Tire Aftermarket Market, by Rim Size
10.3.8 Italy: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
10.3.8.1.1 Italy: Automotive Tire Aftermarket Market, by Tire type
10.3.8.1.2 Italy: Automotive Tire Aftermarket Market, by Distribution channel
10.3.8.1.3 Italy: Automotive Tire Aftermarket Market, by Rim Size
10.3.8.2 UK: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
10.3.8.2.1 UK: Automotive Tire Aftermarket Market, by Tire type
10.3.8.2.2 UK: Automotive Tire Aftermarket Market, by Distribution channel
10.3.8.2.3 UK: Automotive Tire Aftermarket Market, by Rim Size
10.3.8.3 Russia: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
10.3.8.3.1 Russia: Automotive Tire Aftermarket Market, by Tire type
10.3.8.3.2 Russia: Automotive Tire Aftermarket Market, by Distribution channel
10.3.8.3.3 Russia: Automotive Tire Aftermarket Market, by Rim Size
10.3.8.4 Rest of Europe: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
10.3.8.4.1 Rest of Europe: Automotive Tire Aftermarket Market, by Tire type
10.3.8.4.2 Rest of Europe: Automotive Tire Aftermarket Market, by Distribution channel
10.3.8.4.3 Rest of Europe: Automotive Tire Aftermarket Market, by Rim Size
10.4 APAC: Automotive Tire Aftermarket Market
10.4.1 APAC: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
10.4.2 APAC: Automotive Tire Aftermarket Market, by Tire type
10.4.3 APAC: Automotive Tire Aftermarket Market, by Distribution channel
10.4.4 APAC: Automotive Tire Aftermarket Market, by Rim Size
10.4.5 APAC: Automotive Tire Aftermarket Market, by Key Country
10.4.5.1 Australia: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.1.1 Australia: Automotive Tire Aftermarket Market, by Tire type
10.4.5.1.2 Australia: Automotive Tire Aftermarket Market, by Distribution channel
10.4.5.1.3 Australia: Automotive Tire Aftermarket Market, by Rim Size
10.4.5.2 China: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.2.1 China: Automotive Tire Aftermarket Market, by Tire type
10.4.5.2.2 China: Automotive Tire Aftermarket Market, by Distribution channel
10.4.5.2.3 China: Automotive Tire Aftermarket Market, by Rim Size
10.4.5.3 India: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.3.1 India: Automotive Tire Aftermarket Market, by Tire type
10.4.5.3.2 India: Automotive Tire Aftermarket Market, by Distribution channel
10.4.5.3.3 India: Automotive Tire Aftermarket Market, by Rim Size
10.4.5.4 Japan: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.4.1 Japan: Automotive Tire Aftermarket Market, by Tire type
10.4.5.4.2 Japan: Automotive Tire Aftermarket Market, by Distribution channel
10.4.5.4.3 Japan: Automotive Tire Aftermarket Market, by Rim Size
10.4.5.5 South Korea: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.5.1 South Korea: Automotive Tire Aftermarket Market, by Tire type
10.4.5.5.2 South Korea: Automotive Tire Aftermarket Market, by Distribution channel
10.4.5.5.3 South Korea: Automotive Tire Aftermarket Market, by Rim Size
10.4.5.6 Rest of APAC: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.6.1 Rest of APAC: Automotive Tire Aftermarket Market, by Tire type
10.4.5.6.2 Rest of APAC: Automotive Tire Aftermarket Market, by Distribution channel
10.4.5.6.3 Rest of APAC: Automotive Tire Aftermarket Market, by Rim Size
10.5 MEA: Automotive Tire Aftermarket Market
10.5.1 MEA: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
10.5.2 MEA: Automotive Tire Aftermarket Market, by Tire type
10.5.3 MEA: Automotive Tire Aftermarket Market, by Distribution channel
10.5.4 MEA: Automotive Tire Aftermarket Market, by Rim Size
10.5.5 MEA: Automotive Tire Aftermarket Market, by Key Country
10.5.5.1 South Africa: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.1.1 South Africa: Automotive Tire Aftermarket Market, by Tire type
10.5.5.1.2 South Africa: Automotive Tire Aftermarket Market, by Distribution channel
10.5.5.1.3 South Africa: Automotive Tire Aftermarket Market, by Rim Size
10.5.5.2 UAE: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.2.1 UAE: Automotive Tire Aftermarket Market, by Tire type
10.5.5.2.2 UAE: Automotive Tire Aftermarket Market, by Distribution channel
10.5.5.2.3 UAE: Automotive Tire Aftermarket Market, by Rim Size
10.5.5.3 Saudi Arabia: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.3.1 Saudi Arabia: Automotive Tire Aftermarket Market, by Tire type
10.5.5.3.2 Saudi Arabia: Automotive Tire Aftermarket Market, by Distribution channel
10.5.5.3.3 Saudi Arabia: Automotive Tire Aftermarket Market, by Rim Size
10.5.5.4 Rest of MEA: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.4.1 Rest of MEA: Automotive Tire Aftermarket Market, by Tire type
10.5.5.4.2 Rest of MEA: Automotive Tire Aftermarket Market, by Distribution channel
10.5.5.4.3 Rest of MEA: Automotive Tire Aftermarket Market, by Rim Size
10.6 SAM: Automotive Tire Aftermarket Market
10.6.1 SAM: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
10.6.2 SAM: Automotive Tire Aftermarket Market, by Tire type
10.6.3 SAM: Automotive Tire Aftermarket Market, by Distribution channel
10.6.4 SAM: Automotive Tire Aftermarket Market, by Rim Size
10.6.5 SAM: Automotive Tire Aftermarket Market, by Key Country
10.6.5.1 Brazil: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
10.6.5.1.1 Brazil: Automotive Tire Aftermarket Market, by Tire type
10.6.5.1.2 Brazil: Automotive Tire Aftermarket Market, by Distribution channel
10.6.5.1.3 Brazil: Automotive Tire Aftermarket Market, by Rim Size
10.6.5.2 Argentina: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
10.6.5.2.1 Argentina: Automotive Tire Aftermarket Market, by Tire type
10.6.5.2.2 Argentina: Automotive Tire Aftermarket Market, by Distribution channel
10.6.5.2.3 Argentina: Automotive Tire Aftermarket Market, by Rim Size
10.6.5.3 Rest of SAM: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
10.6.5.3.1 Rest of SAM: Automotive Tire Aftermarket Market, by Tire type
10.6.5.3.2 Rest of SAM: Automotive Tire Aftermarket Market, by Distribution channel
10.6.5.3.3 Rest of SAM: Automotive Tire Aftermarket Market, by Rim Size
11. Automotive Tire Aftermarket Market - Covid-19 Impact Analysis
11.1 Overview
11.2 North America: Impact Assessment of Covid-19 Pandemic
11.3 Europe: Impact Assessment of Covid-19 Pandemic
11.4 Asia Pacific: Impact Assessment of Covid-19 Pandemic
11.5 Middle East & Africa: Impact Assessment of Covid-19 Pandemic
11.6 South America Impact Assessment of Covid-19 Pandemic
12. Automotive Tire Aftermarket Market-Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Development
13. Automotive Tire Aftermarket Market-Company Profiles
13.1 APOLLO TIRES LTD
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Continental AG
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 PIRELLI AND C. S.P.A.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Sumitomo Rubber Industries, Ltd.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 THE GOODYEAR TIRE AND RUBBER COMPANY
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 YOKOHAMA RUBBER CO., LTD
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 ZHONGCE RUBBER GROUP CO. LTD.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 NEXEN TIRE AMERICA INC
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 BRIDGESTONE CORPORATION
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 MICHELIN
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Global Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: Automotive Tire Aftermarket Market, by Tire type– Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Automotive Tire Aftermarket Market, by Distribution channel– Revenue and Forecast to 2028 (US$ Million)
Table 4. North America: Automotive Tire Aftermarket Market, by Rim Size – Revenue and Forecast to 2028 (US$ Million)
Table 5. North America: Automotive Tire Aftermarket Market Revenue Share, by Key Country (2020 and 2028)
Table 6. US: Automotive Tire Aftermarket Market, by Tire type–Revenue and Forecast to 2028 (US$ Million)
Table 7. US: Automotive Tire Aftermarket Market, by Distribution channel–Revenue and Forecast to 2028 (US$ Million)
Table 8. US: Automotive Tire Aftermarket Market, by Rim Size–Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: Automotive Tire Aftermarket Market, by Tire type–Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: Automotive Tire Aftermarket Market, by Distribution channel–Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada: Automotive Tire Aftermarket Market, by Rim Size–Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico: Automotive Tire Aftermarket Market, by Tire type–Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico: Automotive Tire Aftermarket Market, by Distribution channel–Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico: Automotive Tire Aftermarket Market, by Rim Size–Revenue and Forecast to 2028 (US$ Million)
Table 15. Europe: Automotive Tire Aftermarket Market, by Tire type– Revenue and Forecast to 2028 (US$ Million)
Table 16. Europe: Automotive Tire Aftermarket Market, by Distribution channel– Revenue and Forecast to 2028 (US$ Million)
Table 17. Europe: Automotive Tire Aftermarket Market, by Rim Size – Revenue and Forecast to 2028 (US$ Million)
Table 18. Europe: Automotive Tire Aftermarket Market Revenue Share, by Key Country (2020 and 2028)
Table 19. Germany: Automotive Tire Aftermarket Market, by Tire type–Revenue and Forecast to 2028 (US$ Million)
Table 20. Germany: Automotive Tire Aftermarket Market, by Distribution channel–Revenue and Forecast to 2028 (US$ Million)
Table 21. Germany: Automotive Tire Aftermarket Market, by Rim Size–Revenue and Forecast to 2028 (US$ Million)
Table 22. France: Automotive Tire Aftermarket Market, by Tire type–Revenue and Forecast to 2028 (US$ Million)
Table 23. France: Automotive Tire Aftermarket Market, by Distribution channel–Revenue and Forecast to 2028 (US$ Million)
Table 24. France: Automotive Tire Aftermarket Market, by Rim Size–Revenue and Forecast to 2028 (US$ Million)
Table 25. Italy: Automotive Tire Aftermarket Market, by Tire type–Revenue and Forecast to 2028 (US$ Million)
Table 26. Italy: Automotive Tire Aftermarket Market, by Distribution channel–Revenue and Forecast to 2028 (US$ Million)
Table 27. Italy: Automotive Tire Aftermarket Market, by Rim Size–Revenue and Forecast to 2028 (US$ Million)
Table 28. UK: Automotive Tire Aftermarket Market, by Tire type–Revenue and Forecast to 2028 (US$ Million)
Table 29. UK: Automotive Tire Aftermarket Market, by Distribution channel–Revenue and Forecast to 2028 (US$ Million)
Table 30. UK: Automotive Tire Aftermarket Market, by Rim Size–Revenue and Forecast to 2028 (US$ Million)
Table 31. Russia: Automotive Tire Aftermarket Market, by Tire type–Revenue and Forecast to 2028 (US$ Million)
Table 32. Russia: Automotive Tire Aftermarket Market, by Distribution channel–Revenue and Forecast to 2028 (US$ Million)
Table 33. Russia: Automotive Tire Aftermarket Market, by Rim Size–Revenue and Forecast to 2028 (US$ Million)
Table 34. Rest of Europe: Automotive Tire Aftermarket Market, by Tire type–Revenue and Forecast to 2028 (US$ Million)
Table 35. Rest of Europe: Automotive Tire Aftermarket Market, by Distribution channel–Revenue and Forecast to 2028 (US$ Million)
Table 36. Rest of Europe: Automotive Tire Aftermarket Market, by Rim Size–Revenue and Forecast to 2028 (US$ Million)
Table 37. APAC: Automotive Tire Aftermarket Market, by Tire type– Revenue and Forecast to 2028 (US$ Million)
Table 38. APAC: Automotive Tire Aftermarket Market, by Distribution channel– Revenue and Forecast to 2028 (US$ Million)
Table 39. APAC: Automotive Tire Aftermarket Market, BY RIM SIZE – Revenue and Forecast to 2028 (US$ Million)
Table 40. APAC: Automotive Tire Aftermarket Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 41. Australia: Automotive Tire Aftermarket Market, by Tire type– Revenue and Forecast to 2028 (US$ Million)
Table 42. Australia: Automotive Tire Aftermarket Market, by Distribution channel– Revenue and Forecast to 2028 (US$ Million)
Table 43. Australia: Automotive Tire Aftermarket Market, by Rim Size–Revenue and Forecast to 2028 (US$ Million)
Table 44. China: Automotive Tire Aftermarket Market, by Tire type– Revenue and Forecast to 2028 (US$ Million)
Table 45. China: Automotive Tire Aftermarket Market, by Distribution channel– Revenue and Forecast to 2028 (US$ Million)
Table 46. China: Automotive Tire Aftermarket Market, by Rim Size–Revenue and Forecast to 2028 (US$ Million)
Table 47. India: Automotive Tire Aftermarket Market, by Tire type– Revenue and Forecast to 2028 (US$ Million)
Table 48. India: Automotive Tire Aftermarket Market, by Distribution channel– Revenue and Forecast to 2028 (US$ Million)
Table 49. India: Automotive Tire Aftermarket Market, by Rim Size–Revenue and Forecast to 2028 (US$ Million)
Table 50. Japan: Automotive Tire Aftermarket Market, by Tire type– Revenue and Forecast to 2028 (US$ Million)
Table 51. Japan: Automotive Tire Aftermarket Market, by Distribution channel– Revenue and Forecast to 2028 (US$ Million)
Table 52. Japan: Automotive Tire Aftermarket Market, by Rim Size–Revenue and Forecast to 2028 (US$ Million)
Table 53. South Korea: Automotive Tire Aftermarket Market, by Tire type– Revenue and Forecast to 2028 (US$ Million)
Table 54. South Korea: Automotive Tire Aftermarket Market, by Distribution channel– Revenue and Forecast to 2028 (US$ Million)
Table 55. South Korea: Automotive Tire Aftermarket Market, by Rim Size–Revenue and Forecast to 2028 (US$ Million)
Table 56. Rest of APAC: Automotive Tire Aftermarket Market, by Tire type– Revenue and Forecast to 2028 (US$ Million)
Table 57. Rest of APAC: Automotive Tire Aftermarket Market, by Distribution channel– Revenue and Forecast to 2028 (US$ Million)
Table 58. Rest of APAC: Automotive Tire Aftermarket Market, by Rim Size–Revenue and Forecast to 2028 (US$ Million)
Table 59. MEA: Automotive Tire Aftermarket Market, by Tire type– Revenue and Forecast to 2028 (US$ Million)
Table 60. MEA: Automotive Tire Aftermarket Market, by Distribution channel– Revenue and Forecast to 2028 (US$ Million)
Table 61. MEA: Automotive Tire Aftermarket Market, BY DISTRIBUTION CHANNEL – Revenue and Forecast to 2028 (US$ Million)
Table 62. MEA: Automotive Tire Aftermarket Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 63. South Africa: Automotive Tire Aftermarket Market, by Tire type– Revenue and Forecast to 2028 (US$ Million)
Table 64. South Africa: Automotive Tire Aftermarket Market, by Distribution channel– Revenue and Forecast to 2028 (US$ Million)
Table 65. South Africa: Automotive Tire Aftermarket Market, by Rim Size–Revenue and Forecast to 2028 (US$ Million)
Table 66. UAE: Automotive Tire Aftermarket Market, by Tire type– Revenue and Forecast to 2028 (US$ Million)
Table 67. UAE: Automotive Tire Aftermarket Market, by Distribution channel– Revenue and Forecast to 2028 (US$ Million)
Table 68. UAE: Automotive Tire Aftermarket Market, by Rim Size–Revenue and Forecast to 2028 (US$ Million)
Table 69. Saudi Arabia: Automotive Tire Aftermarket Market, by Tire type– Revenue and Forecast to 2028 (US$ Million)
Table 70. Saudi Arabia: Automotive Tire Aftermarket Market, by Distribution channel– Revenue and Forecast to 2028 (US$ Million)
Table 71. Saudi Arabia: Automotive Tire Aftermarket Market, by Rim Size–Revenue and Forecast to 2028 (US$ Million)
Table 72. Rest of MEA: Automotive Tire Aftermarket Market, by Tire type– Revenue and Forecast to 2028 (US$ Million)
Table 73. Rest of MEA: Automotive Tire Aftermarket Market, by Distribution channel– Revenue and Forecast to 2028 (US$ Million)
Table 74. Rest of MEA: Automotive Tire Aftermarket Market, by Rim Size–Revenue and Forecast to 2028 (US$ Million)
Table 75.
Table 76. SAM: Automotive Tire Aftermarket Market, by Distribution channel– Revenue and Forecast to 2028 (US$ Million)
Table 77. SAM: Automotive Tire Aftermarket Market, BY DISTRIBUTION CHANNEL – Revenue and Forecast to 2028 (US$ Million)
Table 78. SAM: Automotive Tire Aftermarket Market, by Powertrain Tire type– by Country (UNITS IN MILLION)
Table 79. Brazil: Automotive Tire Aftermarket Market, by Tire type–Revenue and Forecast to 2028 (US$ Million)
Table 80. Brazil: Automotive Tire Aftermarket Market, by Distribution channel–Revenue and Forecast to 2028 (US$ Million)
Table 81. Brazil: Automotive Tire Aftermarket Market, by Rim Size–Revenue and Forecast to 2028 (US$ Million)
Table 82. Argentina: Automotive Tire Aftermarket Market, by Tire type–Revenue and Forecast to 2028 (US$ Million)
Table 83. Argentina: Automotive Tire Aftermarket Market, by Distribution channel–Revenue and Forecast to 2028 (US$ Million)
Table 84. Argentina: Automotive Tire Aftermarket Market, by Rim Size–Revenue and Forecast to 2028 (US$ Million)
Table 85. Rest of SAM: Automotive Tire Aftermarket Market, by Tire type–Revenue and Forecast to 2028 (US$ Million)
Table 86. Rest of SAM: Automotive Tire Aftermarket Market, by Distribution channel–Revenue and Forecast to 2028 (US$ Million)
Table 87. Rest of SAM: Automotive Tire Aftermarket Market, by Rim Size–Revenue and Forecast to 2028 (US$ Million)
Table 88. List of Abbreviation
LIST OF FIGURES
Figure 1. Automotive Tire Aftermarket Market Segmentation
Figure 2. Automotive Tire Aftermarket Market Segmentation – By Geography
Figure 3. Global Automotive Tire Aftermarket Market Overview
Figure 4. Automotive Tire Aftermarket Market, by Tire type
Figure 5. Automotive Tire Aftermarket Market, by Distribution channel
Figure 6. Automotive Tire Aftermarket Market, by Rim Size
Figure 7. Automotive Tire Aftermarket Market, by Geography
Figure 8. North America: PEST Analysis
Figure 9. Europe: PEST Analysis
Figure 10. APAC: PEST Analysis
Figure 11. MEA: PEST Analysis
Figure 12. SAM: PEST Analysis
Figure 13. Automotive Tire Aftermarket Market- Ecosystem Analysis
Figure 14. Automotive Tire Aftermarket Market Impact Analysis of Drivers and Restraints
Figure 15. Geographic Overview of Automotive Tire Aftermarket Market
Figure 16. Global Automotive Tire Aftermarket Market Revenue Forecast and Analysis (US$ Million)
Figure 17. Automotive Tire Aftermarket Market, by Tire type (2020 And 2028)
Figure 18. Radial tire: Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Bias tire: Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Automotive Tire Aftermarket Market, by Distribution channel (2020 and 2028)
Figure 21. OES: Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. IAM: Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Automotive Tire Aftermarket Market, by Rim Size (2020 and 2028)
Figure 24.- 15 Radial tire: Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Figure 25.-18: Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Figure 26.-21 : Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. More than 21: Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Automotive Tire Aftermarket Market Revenue Share, by region (2020 and 2028)
Figure 29. North America: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. North America: Automotive Tire Aftermarket Market Revenue Share, By Tire type (2020 And 2028)
Figure 31. NORTH AMERICA: Automotive Tire Aftermarket Market REVENUE SHARE, BY DISTRIBUTION CHANNEL (2020 AND 2028)
Figure 32. NORTH AMERICA: Automotive Tire Aftermarket Market REVENUE SHARE, BY RIM SIZE (2020 AND 2028)
Figure 33. North America: Automotive Tire Aftermarket Market Revenue Share, by Key Country (2020 and 2028)
Figure 34. US: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Canada: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Mexico: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Europe: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Europe: Automotive Tire Aftermarket Market Revenue Share, By Tire type (2020 And 2028)
Figure 39. Europe: Automotive Tire Aftermarket Market REVENUE SHARE, BY DISTRIBUTION CHANNEL (2020 AND 2028)
Figure 40. EUROPE: Automotive Tire Aftermarket Market REVENUE SHARE, BY RIM SIZE (2020 AND 2028)
Figure 41. Europe: Automotive Tire Aftermarket Market Revenue Share, by Key Country (2020 and 2028)
Figure 42. Germany: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. France: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
Figure 44. Italy: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
Figure 45. UK: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
Figure 46. Russia: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
Figure 47. Rest of Europe: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
Figure 48. APAC: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. APAC: Automotive Tire Aftermarket Market Revenue Share, by Tire type (2020 and 2028)
Figure 50. APAC: Automotive Tire Aftermarket Market Revenue Share, By Distribution channel (2020 and 2028)
Figure 51. APAC: Automotive Tire Aftermarket Market Revenue Share, By Rim Size (2020 and 2028)
Figure 52. APAC: Automotive Tire Aftermarket Market Revenue Share, by Key Country (2020 and 2028)
Figure 53. Australia: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
Figure 54. China: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
Figure 55. India: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
Figure 56. Japan: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
Figure 57. South Korea: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
Figure 58. Rest of APAC: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
Figure 59. MEA: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. MEA: Automotive Tire Aftermarket Market Revenue Share, by Tire type (2022 and 2028)
Figure 61. MEA: Automotive Tire Aftermarket Market Revenue Share, By Distribution channel (2022 and 2028)
Figure 62. MEA: Automotive Tire Aftermarket Market Revenue Share, By Rim Size (2022 and 2028)
Figure 63. MEA: Automotive Tire Aftermarket Market Revenue Share, by Key Country (2022 and 2028)
Figure 64. South Africa: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
Figure 65. UAE: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
Figure 66. Saudi Arabia: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
Figure 67. Rest of MEA: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
Figure 68. SAM: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
Figure 69. SAM: Automotive Tire Aftermarket Market Revenue Share, by Tire type (2022 and 2028)
Figure 70. SAM: Automotive Tire Aftermarket Market Revenue Share, By Distribution channel (2022 and 2028)
Figure 71. SAM: Automotive Tire Aftermarket Market Revenue Share, By Rim Size (2022 and 2028)
Figure 72. SAM: Automotive Tire Aftermarket Market Revenue Share, by Key Country (2021 and 2028)
Figure 73. Brazil: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
Figure 74. Argentina: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
Figure 75. Rest of SAM: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
Figure 76. Impact of Covid-19 Pandemic in North American Country Markets
Figure 77. Impact of Covid-19 Pandemic in Europe Country Markets
Figure 78. Impact of Covid-19 Pandemic in Asia Pacific Country Markets
Figure 79. Impact of Covid-19 Pandemic in Middle East & Africa Country Markets
Figure 80. Impact of Covid-19 Pandemic in South America Country Markets
The List of Companies - Automotive Tire Aftermarket
- APOLLO TIRES LTD
- Continental AG
- PIRELLI AND C. S.P.A.
- Sumitomo Rubber Industries, Ltd.
- THE GOODYEAR TIRE AND RUBBER COMPANY
- YOKOHAMA RUBBER CO., LTD
- ZHONGCE RUBBER GROUP CO. LTD.
- NEXEN TIRE AMERICA INC
- BRIDGESTONE CORPORATION
- MICHELIN
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
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- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
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