In terms of revenue, the global automotive tire market was valued at US$ 233.15 million market million in 2017 and is projected to reach US$ 306.44 million by 2025; it is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2025.
The automotive tire market is broadly segmented into five major regions—North America, Europe, APAC, MEA, and SAM. The global automotive tire market is experiencing an intense growth with regards to the investments, stringent regulations, trials being carried out in different off-road vehicles and deployment for future in the current scenario and is anticipated to rise in the coming years. The market for automotive tire consists of a handful of well-established players across the globe, which invest huge amounts in order to deliver the most advanced service to the customers. Also, there are few important stakeholders in the automotive tire ecosystem that are involved in the end-to-end development of automotive tire and ensuring that the best service is made available for the users. Government funding for research & development, strategic partnerships between technology providers and tire manufacturers, technology providers and automotive OEMs are anticipated to enable huge surges in the market for automotive tire over the forecast period.
Lucrative Regional Automotive Tire Market
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Market Insights–Automotive Tire Market
Growing demand of Mobility as a Service (MaaS)
The automotive tire market is experiencing substantial growth rate over the period as the demand of passenger cars, light commercial vehicle, and heavy commercial vehicle is significantly growing worldwide. In the current scenario, the global automotive market is experiencing the significant technological advancement i.e. MaaS. This has resulted in increased adoption of car sharing, taxis, or on-demand services. The need of integrated mobility services and optimization of the system is increasing due to rise in the customers demand for enhanced quality, high reliability, efficient, convenient, and short time period to reach the destination. MaaS allows the users to use single application platform for book, ride, and pay for the ride at the same time. The rise in cross country and inter country transportation and logistics, as well as increase in mobility as a service in the regions have led the vehicle operators to experience tire wear out incidents in a shorter period of time. This factor has positively impacted on the increase in tire offline dealerships in the countries.
Tire Type Segment Insights
Based on tire type, the radial segment dominated the automotive tire market in 2017. The longer lifespan of radial tires is attracting the vehicle manufacturers and vehicle users to opt for radial tires. The significant adoption of radial tires is also due to its capability to increase fuel efficiency of passenger cars, light commercial vehicles as well as heavy commercial vehicles. These benefits of offer radial tire an advantageous position over bias tires in automotive tire industry.
Vehicle Type Segment Insights
Based on aircraft type, the passenger cars segment held the largest share in global automotive tire market in 2017. The rising disposable income of population in developing as well as developed countries is resulting in procurement of passenger cars in large quantity. In addition, the rising concern about vehicle safety and vehicle fuel efficiency, the passenger car owners are increasingly focusing on procurement of vehicles installed with advanced technology tires, as well as replacing the old tires with newer tires to enhance the vehicle dynamics. This factor is impacting positively on the growth of passenger car tire market in globally over the years.
Distribution Channel Segment Insights
Based on distribution channel, the aftermarket hardware segment held the largest share in global automotive tire market in 2017. The increasing fleet size in the emerging economies including US, India, Malaysia France, and Germany among others is resulting in increasing number of tire dealerships across regions, which is creating a huge business area for the tire manufacturers.
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Automotive Tire Market: Strategic Insights
Market Size Value in US$ 233.15 Million in 2017 Market Size Value by US$ 306.44 Million by 2025 Growth rate CAGR of 10.8% from 2018-2025 Forecast Period 2018-2025 Base Year 2018
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Automotive Tire Market: Strategic Insights
| Market Size Value in | US$ 233.15 Million in 2017 |
| Market Size Value by | US$ 306.44 Million by 2025 |
| Growth rate | CAGR of 10.8% from 2018-2025 |
| Forecast Period | 2018-2025 |
| Base Year | 2018 |
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The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.
- In 2018, Bridgestone announce the expansion of its production unit in Japan- Bloomington, Ill., plant. This new plant will manufactures multiple sizes tires as well as patterns in 29, 33 and 35-inch OTR tires.
- In 2018, Michelin carried two types of tires i.e., hard and medium rubber tires in the Rally of Turkey. The MICHELIN LTX Force H4 tire and the MICHELIN LTX Force M6 tire.
- In 2018, Pirelli announced its collaboration with Ferrari, with this collaboration Pirelli manufactured bespoke P Zero (21-inch diameter tires) for the Ferrari Monza SP1 and SP2, to meet the requirement for the car’s development.
The global automotive tire market has been segmented as follows:
Automotive Tire Market – By Fit Type
- Bias
- Radial
Automotive Tire Market – By Aircraft Type
- Passenger Car
- Light Commercial Vehicle
- Heavy Commercial Vehicle
Automotive Tire Market – By Distribution Channel
- OEMs
- Aftermarket
Automotive Tire Market- By Region
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
South America (SAM)
- Brazil
- Argentina
- Rest of SAM
Automotive Tire Market – Companies Profiles
- Continental AG
- Hankook Tire
- Michelin
- Apollo Tires Ltd.
- MRF Limited
- Bridgestone Corporation
- Pirelli & C. S.P.A
- Yokohama Rubber Co. Ltd.
- The Goodyear Tire & Rubber Company
- Dunlop India Limited
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Tire Type ; Vehicle Type ; and Distribution Channel
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
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
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
9. AUTOMOTIVE TIRE MARKET – GEOGRAPHICAL ANALYSIS 50
9.1 OVERVIEW 50
9.2 NORTH AMERICA AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 50
9.2.1 North America Automotive Tire Market Revenue and Forecasts to 2025 (US$ Bn) 51
9.2.2 North America Automotive Tire Market Breakdown, by Key Countries 52
9.2.2.1 U.S. Automotive Tire Market Revenue and Forecasts to 2025 (US$ BN) 53
9.2.2.2 Canada Automotive Tire Market Revenue and Forecasts to 2025 (US$ Bn) 54
9.2.2.3 Mexico Automotive Tire Market Revenue and Forecasts to 2025 (US$ Bn) 55
9.2.3 North America Automotive Tire Market Breakdown by Tire Type 55
9.2.4 North America Automotive Tire Market Breakdown by Vehicle Type 56
9.2.5 North America Automotive Tire Market Breakdown by Distribution Channel 57
9.3 EUROPE AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 58
9.3.1 Overview 58
9.3.2 Europe Automotive Tire Market Breakdown by Key Countries 59
9.3.2.1 France Automotive Tire Market Revenue and Forecasts to 2025 (US$ Bn) 60
9.3.2.2 Germany Automotive Tire Market Revenue and Forecast to 2025 (US$ Bn) 61
9.3.2.3 Italy Automotive Tire Market Revenue and Forecasts to 2025 (US$ Bn) 62
9.3.2.4 Spain Automotive Tire Market Revenue and Forecasts to 2025 (US$ Bn) 63
9.3.2.5 UK Automotive Tires Market Revenue and Forecasts to 2025 (US$ Bn) 64
9.3.2.6 Rest of Europe Automotive Tire Market Revenue and Forecasts to 2025 (US$ Bn) 65
9.3.3 Europe Automotive Tire Market Breakdown by Tire Type 65
9.3.4 Europe Automotive Tire Market Breakdown by Vehicle Type 66
9.3.5 Europe Automotive Tire Market Breakdown by Distribution Channel 67
9.4 APAC AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 68
9.4.1 Overview 68
9.4.2 APAC Automotive Tire Market Breakdown by Key Countries 70
9.4.2.1 China Automotive Tire Market Revenue and Forecast to 2025 (US$ Bn) 71
9.4.2.2 India Automotive Tire Market Revenue and Forecasts to 2025 (US$ Bn) 72
9.4.2.3 Japan Automotive Tire Market Revenue and Forecasts to 2025 (US$ Bn) 73
9.4.2.4 Rest of APAC Automotive Tire Market Revenue and Forecasts to 2025 (US$ Bn) 74
9.4.3 APAC Automotive Tire Market Breakdown by Tire Type 74
9.4.4 APAC Automotive Tire Market Breakdown by Vehicle Type 75
9.4.5 APAC Automotive Tire Market Breakdown by Distribution Channel 76
9.5 MIDDLE EAST & AFRICA (MEA) AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 77
9.5.1 Overview 77
9.5.2 MEA Automotive Tire Market Breakdown by Key Countries 78
9.5.2.1 South Africa Automotive Tire Market Revenue and Forecasts to 2025 (US$ Bn) 79
9.5.2.2 Rest of MEA Automotive Tire Market Revenue and Forecasts to 2025 (US$ Bn) 80
9.5.3 MEA Automotive Tire Market Breakdown by Tire Type 80
9.5.4 MEA Automotive Tire Market Breakdown by Vehicle Type 81
9.5.5 MEA Automotive Tire Market Breakdown by Distribution Channel 82
9.6 SAM AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 83
9.6.1 Overview 83
9.6.2 SAM Automotive Tire Market Breakdown by Key Countries 84
9.6.2.1 Brazil Automotive Tire Market Revenue and Forecasts to 2025 (US$ Bn) 85
9.6.2.2 Rest of SAM Automotive Tire Market Revenue and Forecasts to 2025 (US$ Bn) 86
9.6.3 SAM Automotive Tire Market Breakdown by Tire Type 86
9.6.4 SAM Automotive Tire Market Breakdown by Vehicle Type 87
9.6.5 SAM Automotive Tire Market Breakdown by Distribution Channel 88
10. INDUSTRY LANDSCAPE 89
10.1 MARKET INITIATIVE 89
10.2 NEW DEVELOPMENT 90
11. COMPETITIVE LANDSCAPE 92
11.1 COMPETITIVE PRODUCT MAPPING 92
11.2 MARKET POSITIONING – GLOBAL TOP 5 PLAYERS RANKING 93
12. AUTOMOTIVE TIRE MARKET, KEY COMPANY PROFILES 94
12.1 BRIDGESTONE CORPORATION 94
12.1.1 Key Facts 94
12.1.2 Business Description 94
12.1.3 Financial Overview 95
12.1.4 SWOT Analysis 95
12.1.5 Key Developments 97
12.2 CONTINENTAL AG 98
12.2.1 Key Facts 98
12.2.2 Business Description 98
12.2.3 Financial Overview 99
12.2.4 SWOT Analysis 99
12.2.5 Key Developments 101
12.3 GOODYEAR TIRE & RUBBER COMPANY 102
12.3.1 Key Facts 102
12.3.2 Business Description 102
12.3.3 Financial Overview 103
12.3.4 SWOT Analysis 103
12.3.5 Key Developments 105
12.4 MICHELIN 106
12.4.1 Key Facts 106
12.4.2 Business Description 106
12.4.3 Financial Overview 107
12.4.4 SWOT Analysis 107
12.4.5 Key Developments 108
12.5 PIRELLI & C. S.P.A 109
12.5.1 Key Facts 109
12.5.2 Business Description 109
12.5.3 Financial Overview 110
12.5.4 SWOT Analysis 110
12.5.5 Key Developments 111
12.6 DUNLOP INDIA LIMITED 112
12.6.1 Key Facts 112
12.6.2 Business Description 112
12.6.3 Financial Overview 112
12.6.4 SWOT Analysis 113
12.6.5 Key Developments 114
12.7 YOKOHAMA RUBBER CO. LTD. 115
12.7.1 Key Facts 115
12.7.2 Business Description 115
12.7.3 Financial Overview 116
12.7.4 SWOT Analysis 116
12.7.5 Key Developments 118
12.8 APOLLO TIRES LTD. 119
12.8.1 Key Facts 119
12.8.2 Business Description 119
12.8.3 Financial Overview 120
12.8.4 SWOT Analysis 120
12.8.5 Key Developments 122
12.9 MRF LIMITED. 123
12.9.1 Key Facts 123
12.9.2 Business Description 123
12.9.3 Financial Overview 124
12.9.4 SWOT Analysis 124
12.9.5 Key Developments 126
12.10 HANKOOK TIRE 127
12.10.1 Key Facts 127
12.10.2 Business Description 127
12.10.3 Financial Overview 128
12.10.4 SWOT Analysis 128
12.10.5 Key Developments 130
13. APPENDIX 131
13.1 ABOUT THE INSIGHT PARTNERS 131
13.2 GLOSSARY OF TERMS 131
13.3 METHODOLOGY 132
13.3.1 Coverage 132
13.3.2 Secondary Research 132
13.3.3 Primary Research 133
LIST OF TABLES
TABLE 1. NORTH AMERICA AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 – BY TIRE TYPE (US$ BN) 56
TABLE 2. NORTH AMERICA AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 – BY VEHICLE TYPE (US$ BN) 56
TABLE 3. NORTH AMERICA AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 – BY DISTRIBUTION CHANNEL (US$ BN) 57
TABLE 4. EUROPE AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 – BY TIRE TYPE (US$ BN) 66
TABLE 5. EUROPE AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 – BY VEHICLE TYPE (US$ BN) 66
TABLE 6. EUROPE AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 – BY DISTRIBUTION CHANNEL (US$ BN) 67
TABLE 7. APAC AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 – BY TIRE TYPE (US$ BN) 75
TABLE 8. APAC AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 – BY VEHICLE TYPE (US$ BN) 75
TABLE 9. APAC AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 – BY DISTRIBUTION CHANNEL (US$ BN) 76
TABLE 10. MEA AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 – BY TIRE TYPE (US$ BN) 81
TABLE 11. MEA AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 – BY VEHICLE TYPE (US$ BN) 81
TABLE 12. MEA AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 – BY DISTRIBUTION CHANNEL (US$ BN) 82
TABLE 13. SAM AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 – BY TIRE TYPE (US$ BN) 87
TABLE 14. SAM AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 – BY VEHICLE TYPE (US$ BN) 87
TABLE 15. SAM AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 – BY DISTRIBUTION CHANNEL (US$ BN) 88
TABLE 16. GLOSSARY OF TERM: AUTOMOTIVE TIRE MARKET 131
LIST OF FIGURES
FIGURE 1. MIDDLE EAST & AFRICA AUTOMOTIVE TIRE MARKET, REVENUE (US$ BN), 2017 & 2025 16
FIGURE 2. AUTOMOTIVE TIRE MARKET, BY TIRE TYPE, REVENUE (%), 2017 & 2025 17
FIGURE 3. AUTOMOTIVE TIRE MARKET, BY VEHICLE TYPE, REVENUE (%), 2017 & 2025 18
FIGURE 4. AUTOMOTIVE TIRE MARKET, BY DISTRIBUTION CHANNEL, REVENUE (%), 2017 & 2025 19
FIGURE 5. AUTOMOTIVE TIRE MARKET SEGMENTATION 21
FIGURE 6. AUTOMOTIVE TIRE MARKET SEGMENTATION - GEOGRAPHIC 21
FIGURE 7. NORTH AMERICA – PEST ANALYSIS 24
FIGURE 8. EUROPE – PEST ANALYSIS 26
FIGURE 9. ASIA PACIFIC – PEST ANALYSIS 28
FIGURE 10. MIDDLE EAST AND AFRICA – PEST ANALYSIS 30
FIGURE 11. SOUTH AMERICA – PEST ANALYSIS 32
FIGURE 12. AUTOMOTIVE TIRE MARKET IMPACT ANALYSIS OF DRIVER AND RESTRAINTS 36
FIGURE 13. GLOBAL AUTOMOTIVE TIRE MARKET 37
FIGURE 14. GLOBAL AUTOMOTIVE TIRE MARKET FORECAST AND ANALYSIS 39
FIGURE 15. GLOBAL AUTOMOTIVE TIRE MARKET BREAKDOWN, BY TIRE TYPE, 2017 & 2025 (%) 40
FIGURE 16. GLOBAL BIAS TIRE MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 41
FIGURE 17. GLOBAL RADIAL TIRE MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 42
FIGURE 18. GLOBAL AUTOMOTIVE TIRE MARKET BREAKDOWN, BY VEHICLE TYPE, 2017 & 2025 (%) 43
FIGURE 19. GLOBAL PASSENGER CAR MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 44
FIGURE 20. GLOBAL LIGHT COMMERCIAL VEHICLE MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 45
FIGURE 21. GLOBAL HEAVY COMMERCIAL VEHICLE MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 46
FIGURE 22. GLOBAL AUTOMOTIVE TIRE MARKET BREAKDOWN, BY DISTRIBUTION CHANNEL, 2017 & 2025 (%) 47
FIGURE 23. GLOBAL OEMS MARKET REVENUE FORECASTS TO 2025 (US$ BN) 48
FIGURE 24. GLOBAL AFTERMARKET MARKET REVENUE FORECASTS TO 2025 (US$ BN) 49
FIGURE 25. AUTOMOTIVE TIRE MARKET, GLOBAL BREAKDOWN BY REGIONS, 2017 & 2025 (%) 50
FIGURE 26. NORTH AMERICA AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 51
FIGURE 27. NORTH AMERICA AUTOMOTIVE TIRE MARKET BREAKDOWN, BY KEY COUNTRIES, 2017 & 2025 (%) 52
FIGURE 28. U.S. AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 53
FIGURE 29. CANADA AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 54
FIGURE 30. MEXICO AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 55
FIGURE 31. NORTH AMERICA AUTOMOTIVE TIRE MARKET BREAKDOWN BY TIRE TYPE,2017 & 2025 (%) 55
FIGURE 32. NORTH AMERICA AUTOMOTIVE TIRE MARKET BREAKDOWN BY VEHICLE TYPE, 2017 & 2025 (%) 56
FIGURE 33. NORTH AMERICA AUTOMOTIVE TIRE MARKET BREAKDOWN BY DISTRIBUTION CHANNEL, 2017 & 2025 (%) 57
FIGURE 34. EUROPE AUTOMOTIVE TIRES MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 59
FIGURE 35. EUROPE AUTOMOTIVE TIRE MARKET BREAKDOWN BY KEY COUNTRIES, 2020 & 2025(%) 59
FIGURE 36. FRANCE AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 60
FIGURE 37. GERMANY AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 61
FIGURE 38. ITALY AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 62
FIGURE 39. SPAIN AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 63
FIGURE 40. UK AUTOMOTIVE TIRES MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 64
FIGURE 41. REST OF EUROPE AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 65
FIGURE 42. EUROPE AUTOMOTIVE TIRE MARKET BREAKDOWN BY TIRE TYPE, 2017 & 2025 (%) 65
FIGURE 43. EUROPE AUTOMOTIVE TIRE MARKET BREAKDOWN BY VEHICLE TYPE, 2017 & 2025 (%) 66
FIGURE 44. EUROPE AUTOMOTIVE TIRE MARKET BREAKDOWN BY DISTRIBUTION CHANNEL, 2017 & 2025 (%) 67
FIGURE 45. APAC AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 69
FIGURE 46. APAC AUTOMOTIVE TIRE MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2025(%) 70
FIGURE 47. CHINA AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 71
FIGURE 48. INDIA AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 72
FIGURE 49. JAPAN AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 73
FIGURE 50. REST OF APAC AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 74
FIGURE 51. APAC AUTOMOTIVE TIRE MARKET BREAKDOWN BY TIRE TYPE, 2017 & 2025 (%) 74
FIGURE 52. APAC AUTOMOTIVE TIRE MARKET BREAKDOWN BY VEHICLE TYPE, 2017 & 2025 (%) 75
FIGURE 53. APAC AUTOMOTIVE TIRE MARKET BREAKDOWN BY DISTRIBUTION CHANNEL, 2017 & 2025 (%) 76
FIGURE 54. MEA AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 77
FIGURE 55. MEA AUTOMOTIVE TIRE MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2025(%) 78
FIGURE 56. SOUTH AFRICA AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 79
FIGURE 57. REST OF MEA AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 80
FIGURE 58. MEA AUTOMOTIVE TIRE MARKET BREAKDOWN BY TIRE TYPE, 2017 & 2025 (%) 80
FIGURE 59. MEA AUTOMOTIVE TIRE MARKET BREAKDOWN BY VEHICLE TYPE, 2017 & 2025 (%) 81
FIGURE 60. MEA AUTOMOTIVE TIRE MARKET BREAKDOWN BY DISTRIBUTION CHANNEL, 2017 & 2025 (%) 82
FIGURE 61. SAM AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 83
FIGURE 62. SAM AUTOMOTIVE TIRE MARKET BREAKDOWN BY KEY COUNTRIES, 2020 & 2025(%) 84
FIGURE 63. BRAZIL AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 85
FIGURE 64. REST OF SAM AUTOMOTIVE TIRE MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 86
FIGURE 65. SAM AUTOMOTIVE TIRE MARKET BREAKDOWN BY TIRE TYPE, 2017 & 2025 (%) 86
FIGURE 66. SAM AUTOMOTIVE TIRE MARKET BREAKDOWN BY VEHICLE TYPE, 2017 & 2025 (%) 87
FIGURE 67. SAM AUTOMOTIVE TIRE MARKET BREAKDOWN BY DISTRIBUTION CHANNEL, 2017 & 2025 (%) 88
The List of Companies
1. Bridgestone Corporation
2. Continental AG
3. The Goodyear Tire & Rubber Company
4. Michelin
5. Pirelli & C. S.P.A
6. Dunlop India Limited
7. Yokohama Rubber Co. Ltd.
8. Apollo Tires Ltd.
9. MRF Tires
10. Hankook Tire
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
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.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 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.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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