Automotive Tire Market: Burgeoning Demand for Electric Vehicles Estimated to Pave Ways to Lucrative Opportunities || Key Players: Yokohama Rubber Co., Ltd., Madras Rubber Factory Limited, Pirelli & C. S.p.A, Apollo Tyres Ltd., and Cheng Shin Rubber Indust

A recent surge in the mobility service offerings across the world is fuelling demand for lightweight commercial vehicles. Growing traffic congestion, environmental concerns, and advancements in technology are gradually inducing a change in consumer perception. Mobility solutions include a wide array of services such as shared transport, on-demand transport, autonomous driving vehicles, and subscription-based transport services. These services are likely to create demand for commercial vehicles in the foreseeable future and are expected to be a vital cause contributing to the growth of the automotive tire market. According to the report, LCVs are estimated to contribute US$ 76 billion to the automotive tire market revenue in 2019.

The parameter has become indispensable to vehicle manufacturers in the U.S. with the implementation of CAFE standards of new cars. Relentless improvement in tire design and rubber chemistry are offering novel tires that provide tremendous mileage and enhanced performance even in hostile conditions. Unique asymmetrical bands for improved safety and traction on snowy and wet roads are being witnessed.

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Table of Content

Chapter 1 .Global Automotive Tire Market - Executive Summary .22

Chapter 2 .Global Automotive Tire Market Overview .24
2.1 .Introduction .24
2.1.1 .Global Automotive Tire Market Taxonomy .24
2.1.2 .Global Automotive Tire Market Definition .24
2.2 .Global Automotive Tire Market Size (US$ Mn) and Forecast, 2012-2022 .24
2.2.1 .Global Automotive Tire Market Y-o-Y Growth .24
2.3 .Global Automotive Automotive Tire Market: Macroeconomic Factors .25
2.3.1 .Economic Outlook .25
2.3.2 .International Policy .25
2.3.3 .Profitability of Enterprises .26
2.3.4 .Increasing Purchasing Power of Middle Class .26
2.3.5 .Complex Eco System .26
2.3.6 .Supply chain Issues .26
2.3.7 .End-user Sentiment .26
2.4 .Global Automotive Automotive Tire Market Impact Factors .27
2.4.1 .Autonomous Vehicles .27
2.4.2 .The Influence of China .27
2.4.3 .Innovations in Technology .27
2.4.4 .Dilemma on Shift to New Technologies .28
2.4.5 .Disruption in Traditional Business Models .28
2.4.6 .Rising Component Costs in Developing Countries .28
2.4.7 .Shrinking Product Development Time .28
2.4.8 .Fluctuating Input costs .29
2.4.9 .Adoption of New Mobility Solutions .29
2.4.10 .Focus on Granular Insights – City-wise Analysis will Replace Region-wise Analysis .29
2.4.11 .Rising Complexity Influencing Greater Emphasis on Platformimg .29
2.4.12 .Increasing R&D expenditure .30
2.4.13 .Trends .30
2.4.13.1 .Focus on Granular Insights – City-wise Analysis will Replace Region-wise Analysis .30
2.4.13.2 .Rising Complexity Influencing Greater Emphasis on Platformimg .30
2.5 .Supply Chain .31
2.6 .Cost Structure .31
2.7 .Pricing Analysis .31
2.8 .Raw Material Sourcing Strategy and Analysis .32
2.9 .List of Distributors .32
2.10 .Key Participants Market Presence (Intensity Map) By Region .32
2.11 .Competitive Assessment and Technology Trends in Future .33

Chapter 3 .Global Automotive Tire Market Analysis and Forecast By Product Type .34
3.1 .Global Automotive Tire Market Size and Forecast By Product Type, 2012-2022 .34
3.1.1 .Radial Automotive Tire Market Size and Forecast, 2012-2022 .34
3.1.1.1 .Revenue (US$ Mn) Comparison, By Region .34
3.1.1.2 .Market Share Comparison, By Region .35
3.1.1.3 .Y-o-Y growth Comparison, By Region .36
3.1.2 .Bias Automotive Tire Market Size and Forecast, 2012-2022 .37
3.1.2.1 .Revenue (US$ Mn) Comparison, By Region .37
3.1.2.2 .Market Share Comparison, By Region .38
3.1.2.3 .Y-o-Y growth Comparison, By Region .39

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Automotive Tire Market: Overview

The intelligence report on the automotive tire market is backed up by qualitative and quantitative analysis. Besides, the report delineates the dynamics in the market which have overarching influence in the growth of the automotive tire market, including drivers, restraints, trends, and opportunities. Additionally, the report also delineates segmentation to showcases a comprehensive analysis of the automotive tire market.

Robust Demand for Radial Tires to Prevail as LCV Sales Burgeon

The multi-layer structure of radial tires consisting of steel chords and steel cable beading impart great strength and durability to the tires which are vital reasons driving the demand for the tires in all vehicle segments. Additionally, the tread of radial tires enable better gripping of surface and substantially reduces rolling resistance which, in turn, provides better safety and contributes substantially to greater fuel efficiency. The assortment of benefits offered by radial tires is being leveraged in the lightweight commercial vehicle (LCV) segment. A significant rise in vehicle rental and sharing services is a key factor propelling LCV sales around the world. Substantial growth in LCV fleets around the world is likely to underpin the growing demand for radial tires.

Leading players operating in the automotive tire market include Bridgestone Corporation, The Yokohama Rubber Co., Ltd., Madras Rubber Factory Limited, Pirelli & C. S.p.A, Apollo Tyres Ltd., and Cheng Shin Rubber Industry Co.

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